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Arnold M. Knightly Gaming Guru - Page 24Black Gaming temporarily closes Oasis' casino3 December 2008
MESQUITE, Nevada -- Mesquite operator Black Gaming will temporarily close the Oasis' casino, restaurants and night clubs on Friday in a cost-cutting move for the financially struggling company.
The closing will cut the company's work force by 500, according to a Monday filing with the Securities ... (read more)
Station Casinos suspends 401(K) matches2 December 2008
LAS VEGAS, Nevada -- Some Las Vegas companies are beginning to join a growing national trend in trying to cut operating expenses.
Station Casinos announced last week that it was suspending its matching contributions for its employees' 401(k) retirement plans.
No other local gaming company indicated ... (read more)
Station Casino owners consider cash infusion26 November 2008
LAS VEGAS, Nevada -- Station Casinos' owners are contemplating putting more of their own money into the company to weather the current economic storm.
The owners could loan the company between $450 million and $500 million, as well as conduct a debt exchange, to reduce the locals gaming company's debt ... (read more)
Scaled-back Silverton expansion set to open24 November 2008
LAS VEGAS, Nevada -- Most features of a scaled-back $160 million expansion of the Silverton will be open by Thanksgiving, property President Craig Cavileer said this week.
The 35,000-square-foot expansion includes casino space for 800 new slot machines, a high-limit room with 60 more slot machines and ... (read more)
Casino "arms race" declared over20 November 2008
LAS VEGAS, Nevada -- A billion bucks really is a lot of money after all.
And the days of casino companies chasing after one another to build more and more expensive new resorts are probably over for a long time, a top gaming executive said Wednesday at the Global Gaming Expo.
Harrah's Entertainment ... (read more)
MGM Mirage announces new chief19 November 2008
LAS VEGAS, Nevada -- Jim Murren, MGM Mirage's new top executive, is ready for battle.
To no one's surprise, the casino giant's board of directors on Tuesday elected Murren, current president and chief operating officer, to the post of chairman and chief executive officer five days after his ... (read more)
Harrah's drops Kansas casino plans18 November 2008
LAS VEGAS, Nevada -- A Harrah's Entertainment-led partnership on Monday dropped plans to develop and operate a state-owned casino in south central Kansas.
The casino company blamed the "current economic conditions and the unprecedented disruption in the financial markets" for the ... (read more)
Station Casinos, International Game Technology plan layoffs14 November 2008
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LAS VEGAS, Nevada -- Station Casinos is laying off 40 workers who take reservations for the company's hotels and will begin outsourcing the work to an overseas company in early December, a company spokeswoman confirmed Thursday.
Meanwhile, slot machine giant International ... (read more)
Black Gaming may briefly close Mesquite casino14 November 2008
LAS VEGAS, Nevada -- Mesquite may lose a casino, at least for a while.
Black Gaming may temporarily close one of its three Mesquite properties to cut costs, according to a Nov. 3 update to a bank agreement after the gaming company defaulted on a loan.
Company Chairman and Chief Executive Officer Randy Black Sr. ... (read more)
Aliante opens its doors with a bang12 November 2008
LAS VEGAS, Nevada -- Rock singer Sheryl Crow, fireworks and a few thousand locals helped open Aliante Station late Tuesday night.
The $662 million hotel-casino opened at 10:40 p.m., ahead of the scheduled 11:11 p.m. opening.
Customers started gathering outside the property around 9 ... (read more)
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