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Arnold M. Knightly Gaming Guru - Page 39High times on horizon around Planet Hollywood Resort13 November 2007
LAS VEGAS, Nevada -- Construction crews on the southeast side of Planet Hollywood Resort are busy on the first phase of a $1.2 billion time share development by Orlando, Fla.-based Westgate Resorts.
The first phase of Planet Hollywood Towers by Westgate, is being built on four acres. The first of ... (read more)
Resort, mall hoping you'll feel the same13 November 2007
LAS VEGAS, Nevada -- The separate owners of Planet Hollywood Resort and the adjoining Miracle Mile Shops share a common goal. They want both parts of the 34-acre Strip property to feel like one seamless resort.
"Our objectives are to keep the people that are sleeping with us on-site for a decent ... (read more)
Official sees more private equity investment in gaming13 November 2007
LAS VEGAS, Nevada -- Private equity's influx into Las Vegas' gaming industry is probably just beginning, Colony Capital's chief investment officer told a group of gaming attorneys on Friday.
"I think we're in the infancy of private equity in gaming," Jon Grunzweig said during a panel discussion on ... (read more)
One-time expenses hurt Station profits13 November 2007
LAS VEGAS, Nevada -- The financial risks of growth reflected in Station Casinos' third-quarter bottom line, earnings released Friday show.
Station Casinos' third-quarter net income decreased 80.7 percent to $3.7 million, or 7 cents per share, for the quarter ended Sept. 30, from $19.2 million, or ... (read more)
Mission possible: Strike averted13 November 2007
LAS VEGAS, Nevada -- Just hours before workers were scheduled to walk off the job, Mission Industries struck a tentative agreement Monday afternoon with the Culinary union on a new contract for the company's nearly 1,560 laundry workers.
The contract deal, which was reached less than an hour into ... (read more)
Caesars dealers petition for union vote9 November 2007
LAS VEGAS, Nevada -- What started in the dealer pits at Wynn Las Vegas has migrated down the Strip to Caesars Palace.
The casino dealers at the Strip property have petitioned the National Labor Relations Board for a representation vote to unionize under Las Vegas Dealers Local 721, an affiliate ... (read more)
Harrah's deals itself winning quarter8 November 2007
LAS VEGAS, Nevada -- Harrah's Entertainment said Wednesday that recent acquisitions and stronger-than-expected returns from the company's Atlantic City region helped drive third-quarter profits higher.
The world's largest gaming company by revenue reported a net income increase of 38 percent to $244.4 million, or $1.28 per share, in the three months ended Sept. ... (read more)
Station Casinos buyout closes8 November 2007
LAS VEGAS, Nevada -- Station Casinos ended its 14-year run as a publicly traded company Wednesday with the completion of a management-led buyout of the gaming company, the company announced Wednesday.
The close of the $5.4 billion deal means the gaming company's stock will no longer be listed ... (read more)
Time granted to reach accord6 November 2007
LAS VEGAS, Nevada -- Culinary union officials on Monday agreed to a request from Mission Industries to allow the industrial laundry one more week to find a way to pay for the union's health care plan without a strike.
However, Culinary Local 226 spokeswoman Pilar Weiss said the union will spend the ... (read more)
Report: Harrah's boss to get stake in Boston Celtics6 November 2007
LAS VEGAS, Nevada -- Harrah's Entertainment's top executive is entering a new outside venture: professional team ownership.
Gary Loveman, who lives outside of Boston, is buying a 2.4 percent minority stake in his hometown National Basketball Association team, the Celtics, according to an article in ... (read more)
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