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Arnold M. Knightly Gaming Guru - Page 35Harrah's posts quarterly loss28 February 2008
LAS VEGAS, Nevada -- Harrah's Entertainment on Wednesday reported a fourth-quarter loss because of some pretax write-offs and told analysts the company has seen some growing softness in nongaming spending in Las Vegas in the first few weeks of this year.
In his first conference call since the ... (read more)
Move-in day almost here for Palms Place25 February 2008
LAS VEGAS, Nevada -- The Palms Place condominium tower received a temporary certificate of occupancy from Clark County inspectors Friday, clearing the way for buyers to begin closing their sales and moving in Feb. 29, owner George Maloof said.
The 599-unit tower has a mix of 600-square-foot studio units and 1,200-square-foot one-bedroom suites. ... (read more)
Crown buys into Harrah's, Station21 February 2008
LAS VEGAS, Nevada -- Crown Ltd. has increased its interest in the Las Vegas gaming market by spending $414 million for minority stakes in Harrah's Entertainment and Station Casinos, the Australian gaming company revealed Wednesday.
However, the Melbourne, Australia-based company also suggested that ... (read more)
Nevada economy: The R word18 February 2008
, Jennifer Robison, Hubble Smith, Benjamin Spillman and Howard Stutz
LAS VEGAS, Nevada -- In case you haven't heard, there's a recession coming.
Or maybe it's started already.
Or maybe it's just one of those things that you see in newspaper headlines or hear on TV.
While analysts debate the if, ... (read more)
Harrah's responds to slowdown with labor reductions18 February 2008
LAS VEGAS, Nevada -- Harrah's Entertainment has laid off workers and reduced hours at many of its properties around the country, citing the slowing economy, the company confirmed Friday.
The current round of layoffs includes nearly 100 workers at its eight local properties, 30 workers in Illinois ... (read more)
Slowdown lands on gaming15 February 2008
LAS VEGAS, Nevada -- The economic slowdown that has affected other job sectors throughout the past year has found its way to the gaming industry.
Large Strip companies and local gaming operators throughout Clark County have begun taking steps to trim hours and payrolls wherever possible because of ... (read more)
Bally Technologies' slots paying off14 February 2008
LAS VEGAS, Nevada -- Bally Technologies' return to financial stability continued Wednesday as the slot machine manufacturer reported its third consecutive profitable quarter while beating analyst expectations.
The Las Vegas-based company, which spent the last two years restating its earnings going ... (read more)
Wynn tip-sharing policy faces labor boss's review14 February 2008
LAS VEGAS, Nevada -- State Labor Commissioner Michael Tanchek will take a second look at the controversial Wynn Las Vegas tip-pooling policy.
The Nevada Department of Business & Industry notified interested parties this week of a hearing scheduled for 9 a.m. March 19 at the Sawyer Building in ... (read more)
Battle looms for tip sharing12 February 2008
LAS VEGAS, Nevada -- Wynn Las Vegas and a few nonprofit corporations representing businesses that depend on tipped employees are seeking to stop an attempt to roll back the resort's new tip policy.
The resort and the nonprofit groups filed a lawsuit Thursday in Carson City District Court to ... (read more)
Fiesta brand sent to forefront in new promotional push11 February 2008
LAS VEGAS, Nevada -- It took seven years, but Station Casinos thinks it has finally figured out how to best promote and operate its two Fiesta properties.
When the locals gambling giant first acquired the Fiesta Rancho and Fiesta Henderson in 2001, its first inclination was, as one executive said, ... (read more)
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