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Arnold M. Knightly Gaming Guru - Page 25New $662 million Aliante Station set to open11 November 2008
LAS VEGAS, Nevada -- A day before its 11:11 p.m. opening, the $662 million Aliante Station was abuzz with last-minute activity.
A few dozen workers were busy Monday afternoon putting the final touches on restaurant MRKT Sea & Land and the ETA bar and lounge -- two of the company-owned amenities in the ... (read more)
Riviera cuts spending and puts off renovations7 November 2008
LAS VEGAS, Nevada -- Riviera Holdings Corp. has cut nearly all capital expenditures for next year and suspended room renovations at its Strip property to help the company weather the general economic crisis, executives said Thursday during the company's third-quarter earnings call.
Chairman and ... (read more)
Casinos market to gays, lesbians4 November 2008
LAS VEGAS, Nevada -- No matter what California voters decide today on Proposition 8 -- a state constitutional amendment banning same-sex marriages -- Harrah's Entertainment plans to continue marketing to gay and lesbian travelers.
And why not? As a group, gay and lesbian travelers spend $64.5 billion annually in the United States, data from the U.S. ... (read more)
Executives unsure about Aliante's performance24 October 2008
LAS VEGAS, Nevada -- Station Casino executives told state gaming regulators Thursday they don't know how well the $662 million Aliante Station will perform when it opens next month given current economic conditions.
"There's not a lot of visibility in our business today," said Thomas Friel, Station Casinos' chief accounting officer. ... (read more)
Tropicana owner keeps focus on future20 October 2008
ATLANTIC CITY, New Jersey -- Tropicana Entertainment will continue to reinvest in its other properties and look for new growth opportunities even if its efforts to regain control of its flagship property in Atlantic City fail, the company's top executive said.
"There is no one particular asset that ... (read more)
Harrah's stake in arena still being negotiated17 September 2008
LAS VEGAS, Nevada -- Harrah's Entertainment's participation in developing an arena on the Strip seems to be up in the air.
The gaming giant said Tuesday it is continuing to negotiate its role in a joint-venture partnership to build a 20,000-seat arena on 10 acres of land owned by Harrah's behind ... (read more)
Strip development: CityCenter construction hits snag17 September 2008
and Joan Whitely
LAS VEGAS, Nevada -- Construction has slowed on The Harmon Hotel, Spa & Residences at CityCenter after some structural work was found not to match building plans submitted to Clark County.
However, the county has agreed the building is structurally safe for workers to correct the nonconforming work, which is believed to exist on 15 of the 22 existing floors. ... (read more)
Elad Group settles lawsuit over unpaid broker fees12 September 2008
LAS VEGAS, Nevada -- The owners of the New Frontier site on Wednesday settled a multimillion-dollar lawsuit involving the property's sale just a day before they went to court for a trademark dispute over the company's proposed name for a new resort on the property.
New York-based Elad Group on Wednesday ... (read more)
Cosmo condo owners may see closings in 20108 September 2008
LAS VEGAS, Nevada -- Holders of contracts for condominium units at the Cosmopolitan are expected to begin closing on their units by the second quarter of 2010, according to a letter sent on Friday to brokers by the resort's new developer.
The letter will be sent Monday to holders of hard purchase ... (read more)
Investors to vote on construction company merger5 September 2008
LAS VEGAS, Nevada -- The man widely credited with helping restructure Perini Corp. stands to be rewarded in a big way.
Shareholders of the construction giant will be asked today to approve an all-stock buyout of Tutor-Saliba Corp., Perini Chairman and Chief Executive Officer Ron Tutor's privately held ... (read more)
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