Nevada News - Page 768

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$1 billion in Expansions Planned for Venetian

5 February 2001

Some people may worry about the strength of the Las Vegas market, but not Sheldon Adelson, owner of the Venetian.

Analysts: Las Vegas Megaresorts Struggle in Search for Partners

2 February 2001

News Brief: A number of recently proposed Las Vegas megaresorts will likely face a tough challenge in getting partners with casino operating experience, as major Las Vegas gambling companies have shifted their growth focus to Atlantic City, analysts say.

Rants and Raves

1 February 2001

California Indian Gambling Impact on Nevada Gaming

1 February 2001

News Brief: A Nevada Gaming Control Board analysis shows Indian gambling in California is likely to flatten casino revenue growth in several Nevada areas, including Reno and downtown Las Vegas.

Station and MGM Mirage Issued Negative Credit Reports

1 February 2001

Standard & Poor's issued negative credit reports on Station Casinos Inc. and MGM MIRAGE, citing concerns over potentially heavy debt loads incurred by the two Las Vegas companies' recent acquisition sprees.

Regent Denies Former Exec's Charges

1 February 2001

The Regent Las Vegas denied charges raised by its former chief operating officer in a lawsuit that a locals-oriented marketing plan helped drive the resort into bankruptcy.

Asian-themed Property Proposed for Strip

31 January 2001

News Brief: Plans for the $104 million Dynasty Forbidden City hotel-casino include a four-story hotel tower with a U-shaped parking garage wrapped around it in a design reminiscent of the Great Wall of China.

Casino Dealers Lose Ruling on Tobacco Smoke

31 January 2001

News Brief: The Nevada Supreme Court rejected casino dealers' demands for a medical monitoring program to be paid by tobacco companies to detect the onset of tobacco-related illnesses as a result of their exposure to secondhand tobacco smoke at work.

Tropicana Results Lift Aztar Earnings

31 January 2001

Aztar Corp. of Phoenix today reported a 20 percent increase in earnings per share, as its Tropicana hotel-casino on the Las Vegas Strip posted much improved results for the quarter ending Dec. 28. 2000.

Aladdin Announces Positive Cash Flow for Quarter

30 January 2001

After a difficult opening, the Aladdin recorded positive cash flow for the quarter ending Dec. 31, its chief executive said Monday.

Supreme Court Justices Order New Trial in Mirage Case

30 January 2001

News Brief: The Supreme Court has ordered a new trial over a $5.8 million jury award against The Mirage because a district judge didn't let two jurors help determine the award.

New Flamingo Road Hotel-casino Under Construction

30 January 2001

A Las Vegas-based developer has started construction of Tuscany Suites, a 1,000-room hotel-casino slated for completion in fall 2001.

AG Nominee Ashcroft Nevada Ally in NCAA Battle

30 January 2001

In a twist of irony, Nevada's congressional delegation is eyeing Attorney General-nominee John Ashcroft, a strong gambling opponent, as an ally in its sports betting fight with the NCAA.

Aladdin Partner Subject of Takeover Speculation

30 January 2001

The chairman of London Clubs International is downplaying speculation that a deal for his company could result in the complete sale of its stake in the Aladdin but isn't denying that his company could be for sale.

London Clubs Subject of Takeover Speculation

30 January 2001

Last month, the company said it would consider selling part of its 40 percent stake in the Aladdin, the Las Vegas Strip’s newest resort. But divorcing London Clubs from the Aladdin would be tricky.

Nevada Looks at Ashcroft as Potential Ally in NCAA Battle

30 January 2001

As part of its fight against the NCAA’s effort to ban sports betting in Nevada, the state’s congressional delegation is pushing a bill that would have the Justice Department investigate illegal sports betting. Ashcroft would be an ironic ally.

Union Splits in Las Vegas Dealer Elections

29 January 2001

Dealers in Las Vegas, who historically have not been unionized, voted for the Transport Workers Union at the Stratosphere, but soundly rejected the union at the MGM Grand.

Station Casinos' New Acquisition Blocks Competition

26 January 2001

Station Casinos Inc. has blocked potential competition to its North Las Vegas casino business, announcing it has acquired a land parcel in North Las Vegas owned by competitor Coast Resorts Inc.

New Regulations for Table Game Payouts Set

26 January 2001

The Nevada Gaming Commission on Thursday approved a regulation that prevents players from having large table game jackpots "capped" if they make the game's minimum bonus wager.

Las Vegas Art: It's Not an Oxymoron

26 January 2001

News Brief: The Smithsonian is sponsoring treks to Las Vegas, casting its gaudiness in a new light.

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