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Arnold M. Knightly Gaming Guru - Page 4Boyd withdraws several Station objections27 April 2010
LAS VEGAS, Nevada -- Boyd Gaming Corp. withdrew several of its objections in Station Casinos' bankruptcy late Monday, but the company said it remains committed to acquiring all or part of its locals gaming rival.
In a filing with the U.S. Bankruptcy Court in Reno, Boyd Gaming said it would focus on one ... (read more)
Harrah's reports $195 million loss in first quarter27 April 2010
LAS VEGAS, Nevada -- Harrah's Entertainment posted a first-quarter loss of $195.6 million mostly due to the lingering impact of the recession on discretionary spending and continued payments on debt.
The loss was a 47.4 percent widening from the $132.7 million loss posted the same time last year, the gaming giant announced this morning. ... (read more)
New owners bring optimism to downtown Vegas5 April 2010
LAS VEGAS, Nevada -- Downtown casino owner Derek Stevens believes the business tide may finally be turning.
The Golden Gate's new majority owner said the "stars aligned" in February for downtown operators with a series of events -- the Super Bowl, Valentine's Day and NASCAR weekend ... (read more)
Stratosphere owner cuts losses by 30 percent23 March 2010
LAS VEGAS, Nevada -- The casino company that owns the Stratosphere and three other area casinos trimmed its losses in 2009 despite posting its worst revenue numbers since 2005.
American Casino & Entertainment Properties cut its loss by 30.5 percent, posting a $21.8 million loss for the year due ... (read more)
Las Vegas Strip resort gets new name22 March 2010
LAS VEGAS, Nevada -- Goodbye, Cosmopolitan. Hello, Cosmopolitan of Las Vegas.
The 2,995-room mixed-use development that is under construction on the Strip has adopted a new name and Web site, cosmopolitanlasvegas.com, as part of a settlement with the owner of Cosmopolitan magazine.
"We are ... (read more)
Hard Rock posts lowest revenues since 200416 March 2010
LAS VEGAS, Nevada -- The Hard Rock Hotel posted its lowest revenues since 2004 despite opening new rooms and other amenities during the year, according to a filing Monday with the Securities and Exchange Commission.
Net revenues in 2009 decreased 1.7 percent, to $161.5 million from $164.3 ... (read more)
Wynn Las Vegas, dealers close to union contract15 March 2010
LAS VEGAS, Nevada -- Dealers and Wynn Las Vegas are getting closer to an agreement on a union contract, a filing with the Securities and Exchange Commission shows.
The filing by Wynn Las Vegas said the hotel-casino and Las Vegas Dealers Local 721 have reached agreement on all issues except the ... (read more)
Hard Rock exec's death ruled suicide11 March 2010
LAS VEGAS, Nevada -- Randy Kwasniewski, the Hard Rock Hotel executive found dead in his home Tuesday, died of a single self-inflicted gunshot wound to the head, the Clark County coroner's office said Wednesday.
Kwasniewski's body was found at his residence in Summerlin. Metropolitan Police ... (read more)
Hard Rock executive found dead10 March 2010
LAS VEGAS, Nevada -- The top executive of the Hard Rock Hotel was found dead in his Summerlin home Tuesday morning, the hotel and the state's top gaming regulator confirmed.
Las Vegas police Lt. George Castro told The Associated Press on Tuesday a person was found dead of a gunshot wound inside the home of Hard Rock Hotel President and Chief Operating Officer Randy Kwasniewski. ... (read more)
Harrah's Entertainment reduces debt by $1 billion9 March 2010
LAS VEGAS, Nevada -- Less than a year ago, many industry observers were certain that Harrah's Entertainment would need to seek bankruptcy protection to restructure its heavy debt load.
Not anymore.
The world's largest casino company by revenue announced Monday it has amended terms with lenders controlling $5.5 billion in debt to extend maturity dates two years until 2015. ... (read more)
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