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Arnold M. Knightly Gaming Guru - Page 44Casino company earnings: Revenue jumps for Harrah's8 August 2007
LAS VEGAS, Nevada -- Harrah's Entertainment experienced 85 percent income growth in the second quarter, pushed by strong visitor numbers in the Las Vegas market.
However, Atlantic City continues to drag down the company's bottom line. Properties there posted double-digit decreases in operational income ... (read more)
NEVADAN AT WORK: Hey, Mr. Station exec, can you get me tickets?7 August 2007
LAS VEGAS, Nevada --Joe Santiago is a popular guy.
As Station Casinos' vice president of entertainment, he receives numerous requests from friends, family and even strangers looking for free entry into concerts.
"Not only do I get hit up for tickets for Station Casino events," he said. "I get hit ... (read more)
Riviera helps parent improve its profits7 August 2007
LAS VEGAS, Nevada -- The Riviera's status as one of the Strip's last midlevel properties is paying off for its parent company.
Riviera Holdings Corp. on Friday reported sharply higher second-quarter earnings and announced plans to remodel the Riviera's 2,075 hotel rooms and casino during the ... (read more)
Hard Rock Hotel's performance excites new owner7 August 2007
LAS VEGAS, Nevada -- The Hard Rock Hotel is out-performing expectations of its new owners and industry analysts.
Morgans Hotel Group Co. Chief Executive Office Ed Scheetz said during a conference call Thursday to discuss the company's second-quarter earnings that the property is "ahead of ... (read more)
Broker says fee unpaid in New Frontier deal30 July 2007
LAS VEGAS, Nevada -- Local real estate broker David Atwell says he helped initiate the $1.2 billion sale of the New Frontier.
Now he wants to be paid.
Atwell filed a lawsuit in U.S. District Court on Monday, through his company Resort Properties of America, seeking $12 million plus damages for an unpaid buyer broker's fee.
... (read more)
Lights, Flora, Auction27 July 2007
LAS VEGAS, Nevada -- Auction novices Jordan Wattenbarger and Bryan Kirwin arrived at the New Frontier Thursday morning hoping to finally grab some memorabilia.
"We came down closing night wanting to get something," said Wattenbarger. "We didn't get anything."
The friends hoped to get a set of unused playing cards with the New Frontier logo. ... (read more)
Project fit for a King, perhaps24 July 2007
LAS VEGAS, Nevada -- Elvis lives. At least along part of the south Strip.
A real estate company with licensing rights to the estate of Elvis Presley, which recently took complete control of 18 acres on the southeast corner of Harmon Avenue and the Strip, plans to develop a mixed-used project ... (read more)
THE STRIP: Emperor's new clothes20 July 2007
LAS VEGAS, Nevada -- When Harrah's Entertainment acquired Caesars Palace 25 months ago, employees were worried about the direction the new owners might take the high-profile property, according to general manager John Unwin.
"We were really concerned Harrah's was going to take us out of the high-end business," he said. ... (read more)
New York tribe seeks $3 billion from Harrah's Entertainment20 July 2007
LAS VEGAS, Nevada -- A Delaware-based trust is seeking to collect nearly $3 billion in tribal court judgments and interest from Harrah's Entertainment resulting from a default judgment awarded to members of the St. Regis Mohawk tribe six years ago.
The Catskill Litigation Trust announced Tuesday it filed papers in U.S. ... (read more)
Las Vegas pioneer: Frontier's days end16 July 2007
LAS VEGAS, Nevada -- Amid tears and hugs, the New Frontier closed its doors for good at 12:01 a.m. today.
"I hate to say bye but I must say bye," said Helen Madison, a casino porter for 34 years, with tears in her eyes.
The hotel estimated that 3,000 people were on the property at 11 p.m. ... (read more)
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