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Arnold M. Knightly Gaming Guru - Page 33Planet Hollywood narrows loss even during renovation2 April 2008
LAS VEGAS, Nevada -- By the end of 2007, the dust had settled on the three-year, $214 million transformation of Planet Hollywood Resort from the financially troubled Aladdin.
The more modern-looking resort on the Strip managed to trim its loss last year despite the renovation.
"Oh-seven was the ... (read more)
Harrah's Foundation pays for PBS special on aging2 April 2008
LAS VEGAS, Nevada -- The Harrah's Foundation, the philanthropic arm of Harrah's Entertainment, is focusing a large portion of its charitable efforts on what it believes is the overlooked population in the United States.
"Everyone loves to give to animals and children," said Jan Jones, Harrah's Entertainment senior vice president of communications and government relations. ... (read more)
American Casino profits rise31 March 2008
LAS VEGAS, Nevada -- American Casino & Entertainment Properties on Thursday reported higher profits and revenue in 2007 compared with a tear earlier.
In a filing with the Securities and Exchange Commission, the company said net income increased 50.6 percent to $38.6 million in 2007 from $25.6 ... (read more)
Nevadan at work: The art of diversion: Recycling exec finds lucrative and career in salvaging trash31 March 2008
LAS VEGAS, Nevada -- Rob Dorinson loves going through the commercial trash that is generated throughout the valley.
"Recycling excites me because these are precious resources. Waste not, want not," Dorinson said. "Our whole thing is to divert as much as possible from the landfill."
Dorinson founded the ... (read more)
Land slated for Crown LV offered for sale27 March 2008
LAS VEGAS, Nevada -- Texas-based developer Christopher Milam once hoped to build the largest tower in the Western Hemisphere on the Strip.
Now he's hoping to just hold onto the land.
With an option to buy the old Wet 'n Wild site expiring at the end of June, that may not be possible.
Milam ... (read more)
Entertainer all shook up over talk of Strip casino27 March 2008
LAS VEGAS, Nevada –- Longtime Elvis Presley impersonator Steve Connolly is eagerly awaiting the King's possible return to the Strip.
He may not have to wait too much longer. New York-based FX Real Estate and Entertainment is planning an Elvis-themed hotel-casino development for nearly 18 acres on ... (read more)
Problem-betting center gets funding promises26 March 2008
WASHINGTON, D.C -- The National Center for Responsible Gaming has received $7.6 million in new funding commitments over the next five years from the gaming industry, the foundation's newly released annual report shows.
The Washington, D.C.-based nonprofit will use the money to continue supporting ... (read more)
Report predicts tougher times for casino industry25 March 2008
LAS VEGAS, Nevada -- The economic slowdown has the casino industry facing its toughest challenge since the months following the Sept. 11, 2001, terrorist attacks, according to a report released Friday by a leading Wall Street bond rating house.
New York-based Moody's Investors Service's report said ... (read more)
Executive leaving position for Tropicana20 March 2008
LAS VEGAS, Nevada -- Cosmopolitan Chief Operating Officer Scott Butera, a former investment banker specializing in reorganizing financially troubled companies, has left the troubled Strip project to take over as president of Tropicana Entertainment, the parent company of the Tropicana Las ... (read more)
Strip development: Financing imperils projects19 March 2008
LAS VEGAS, Nevada -- Two multibillion-dollar Strip developments less than two miles apart could become victims of the tightening credit markets and rising construction costs.
Wall Street investment house Deutsche Bank last week notified developers of the Cosmopolitan that it will begin foreclosure ... (read more)
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