Nevada News - Page 756
Regent Resort Picks Peccole as Preferred Buyer
23 May 2001
Officials of the bankrupt Regent Las Vegas resort say a $150 million proposal from Peccole Nevada Corp. -- a prominent Las Vegas real estate developer -- is the best offer so far. Other bids could come later.
Agendas Differ Between Las Vegas Casinos and Hollywood22 May 2001
Hollywood and Las Vegas can help each other, but each has its own agendas and it’s unclear what the next step is towards improving their common interests.
Architect to Redesign Aladdin Entrances18 May 2001
To give the Aladdin more appeal from the street, Las Vegas architect Paul Steelman envisions 28-foot wide canopies hanging over the casino's entrances, guarded by huge sculptures of Arabic centurions.
Park Place Property Fined18 May 2001
The Nevada Gaming Commission on Thursday approved a $25,000 fine against Bally's/Paris Las Vegas for violations of the states's gaming currency transaction regulations.
Mikohn Disputes Claims by Disgruntled Shareholders18 May 2001
A group of Mikohn investors says the company shouldn't be narrowing the focus of its operations and trimming expenses to become profitable.
Casinos Win Court Case against Porn Handbills18 May 2001
Casinos along the Las Vegas Strip have won a preliminary battle in the Nevada Supreme Court to stop the distribution of pornographic handbills on the private sidewalks in front of their properties.
Nevada Regulators Changing Method of Tracking Slot Win18 May 2001
The new regulation will focus on using automatic meters to verify gaming win.
Elsinore Report Profit Decline for Q1 200117 May 2001
Elsinore Corp., owner and operator of Las Vegas' Four Queens hotel-casino, reported net income of $522,000, or 10 cents per share, for Q1 2001.
Expert: Aladdin Needs $100 Million Overhaul17 May 2001
Jason Kroll, gaming analyst at Bear Stearns, says that at least $100 million is needed to get the Aladdin to maximize its potential.
Profit Declines at Stratosphere Hotel-Casino17 May 2001
The company reported net income of $1.4 million, 68 cents a share, on revenues of $33.3 million for Q1 2001, compared with net income of $1.6 million, 80 cents a share, on revenues of $34 million for Q2 2001.
Brugnara Drops Threat to Sue For Gaming License16 May 2001
San Francisco businessman Luke Brugnara, who failed to obtain a gaming license for the Silver City, is backing away from earlier threats to sue the Nevada Gaming Commission.
Energy Problems, Indian Threats to Las Vegas Casinos Downplayed16 May 2001
Two prominent gaming analysts are downplaying the possible impact soaring energy costs and the proliferation of Indian gaming in California will have on Nevada casino companies this year.
Nevada Lawmakers Push for Statewide Lottery Vote16 May 2001
Although Nevada is known worldwide for its gambling, residents have no in-state access to a lottery.
Big Quarterly Loss Pushes Aladdin Closer to the Edge16 May 2001
The $1.2 billion megaresort on the Las Vegas Strip now needs an $8.7 million cash infusion within two weeks in order to pay its bills.
Lawmakers Adding Amendments to Net Gambling Bill16 May 2001
The bill, which enables regulators to establish secure and legal interactive gaming, was sent to a work session with representatives of casinos, slot manufacturers and even lawmakers requesting changes.
Limits On Residential Casinos Opposed15 May 2001
A bill to make it tougher to build casinos near residential neighborhoods in Las Vegas has run into tough opposition.
Nevada Assembly Panel Approves Bill Authorizing Private Gambling Salons15 May 2001
The Assembly Judiciary Committee on Monday unanimously approved a bill allowing big Las Vegas casinos to set up private gambling rooms to attract international ultra-high-rollers.
Downtown Vegas Casinos Try Energy-Saving Measures15 May 2001
A number of downtown Las Vegas casinos, in response to the soaring costs of electricity, have launched an energy conservation campaign.
The Venetian's Art Called both Education, Entertainment14 May 2001
The Guggenheim Museum and the Venetian resort are betting that Las Vegas and its millions of visitors are ready for the cultural experience that a major art gallery delivers.
Venetian Hotel-Casino to Host Bingo Championship14 May 2001
A Canadian firm plans to hold a "World Championship of Bingo" in November at the Venetian.
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