Nevada News - Page 763

Jason Kroll, gaming analyst at Bear Stearns, says that at least $100 million is needed to get the Aladdin to maximize its potential.

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.

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.

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.

Although Nevada is known worldwide for its gambling, residents have no in-state access to a lottery.

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.

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.

A bill to make it tougher to build casinos near residential neighborhoods in Las Vegas has run into tough opposition.

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.

A number of downtown Las Vegas casinos, in response to the soaring costs of electricity, have launched an energy conservation campaign.

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.

A Canadian firm plans to hold a "World Championship of Bingo" in November at the Venetian.

In his first shareholders meeting as chief executive of Park Place, Tom Gallagher pitched an ambitious, $500 million-plus expansion of Caesars Palace at his company's stockholders.

The Nevada Supreme Court has denied the petition of the Venetian Resort on the Las Vegas Strip and its Georgia law firm to suspend sanctions imposed during court hearings over mechanics liens against the hotel-casino.

News Brief: Las Vegas resorts are betting that Picasso and Renoir can compete with fighting pirates, dancing water fountains and exploding volcanoes and video poker.

The North Las Vegas Planning Commission on Wednesday unanimously approved an application of a final development plan for a hotel-casino submitted by Millenium Gaming and the Mendenhall Family Trust.

When a small Las Vegas gaming company acquires the PT's Pub chain of video poker bars later this year, the deal won't include a 15,000-square-foot Henderson casino.

Strong business in Las Vegas Strip casinos pushed Nevada's gaming win to $858 million in March, the third highest revenue month in history.

Harrah's Entertainment has agreed to finance construction of a recreation center at a proposed senior citizen assisted-living project.

Bank of America has been aggressively buying Mandalay Resort Group shares on behalf of the Las Vegas-based casino operator, Mandalay disclosed in its annual report last week.