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Arnold M. Knightly Gaming Guru - Page 23Octavius opening postponed at Caesars13 January 2009
LAS VEGAS, Nevada -- The months-long drop in local visitor numbers has caused Harrah's Entertainment to delay the completion of Caesars Palace's sixth hotel tower.
The world's largest casino company confirmed Monday it is postponing opening nearly 660 rooms in the new Octavius Tower from its ... (read more)
Aussie billionaire moves closer to Cannery purchase8 January 2009
LAS VEGAS, Nevada -- Australian billionaire and casino investor James Packer is one step closer to getting his long-desired foothold in the U.S. gaming market.
The Gaming Control Board on Wednesday recommended approving Australia-based Crown Ltd.'s bid to buy Cannery Casino Resorts for $1.8 billion in an all-cash transaction.
... (read more)
Permits sought to build Vegas' largest hotel7 January 2009
LAS VEGAS, Nevada -- Recession or not, a joint venture led by a financially struggling Israel-based development group plans to build the world's largest hotel in Las Vegas.
A holding company that includes the AFI Group, formerly known as Africa Israel Group, is scheduled to ask Clark County commissioners ... (read more)
Former Station executive named to gaming center post6 January 2009
LAS VEGAS, Nevada -- Glenn Christenson plans to approach his new job as chairman of the National Center for Responsible Gaming by completely researching and understanding problem gambling.
The Washington, D.C.-based nonprofit center named Christenson, the former chief financial officer for Station Casinos, to the post Monday. ... (read more)
Gambling's struggles projected to continue30 December 2008
LAS VEGAS, Nevada -- Casino companies will continue to eliminate jobs and struggle with large debt loads as the industry deals with an "unprecedented economic downturn" in the coming year, an annual outlook by independent research firm Spectrum Gaming Group forecasts.
The Atlantic City-based firm released ... (read more)
Clark County approves Coyote Springs rezoning18 December 2008
CLARK COUNTY, Nevada -- Clark County Commissioners on Wednesday approved by a 5-to-1 vote the rezoning of 125 acres in the Coyote Springs community to allow a hotel-casino.
Former Sen. Richard Bryan, who represented developer Harvey Whittemore at the hearing, told the commissioners the request was being ... (read more)
Nevadan at Work: Fred Keeton15 December 2008
LAS VEGAS, Nevada -- Fred Keeton spends his days thinking about how to channel the diversity of the world's largest casino company to achieve business success.
As Harrah's Entertainment chief diversity officer, the 51-year-old executive has spent the past few years developing a model for promoting and using diversity beyond race and gender.
... (read more)
Boyd gaming to cut 401(k) matches12 December 2008
LAS VEGAS, Nevada -- A second local casino company is cutting into its employees' retirement funds to battle the slowdown in customer spending.
Boyd Gaming Corp. will cut its employees' 401(k) matching program by half beginning Jan. 1, according to a letter sent to workers this week.
The announcement ... (read more)
Oasis closure comes at bad time8 December 2008
MESQUITE, Nevada --In her six years as director of Virgin Valley Family Services, Shawn Hotch had never seen anything like what greeted her when she arrived at work Tuesday morning.
"It looked like a DMV line," Hotch said about the crowd that had formed outside the nonprofit's tiny Mesquite ... (read more)
Longtime Harrah's executive retires4 December 2008
LAS VEGAS, Nevada -- Harrah's Entertainment Vice Chairman Chuck Atwood, who helped build the company from two Northern Nevada casinos to 50 casinos worldwide, said Wednesday that he is retiring from the industry Dec. 19 after 30 years with the company.
"People often ask me why I stayed at one job for so long," 59-year-old Atwood said. ... (read more)
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