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Arnold M. Knightly Gaming Guru - Page 46Slovenia lawmakers will consider changing rules20 June 2007
Slovenia's lawmakers will next month start debating changes to gaming and business-ownership laws that would allow Harrah's Entertainment to partner on a $1 billion casino development near the Italian border.
The Las Vegas gaming company agreed in early June to take a 49 percent stake in partnership with ... (read more)
Entrepreneurs: Success on tap18 June 2007
LAS VEGAS, Nevada -- When Blake Sartini started Golden Gaming in 2001, the company was a small slot-route operator. More than five years later, the company has grown from 44 employees to about 2,000 and widened its slot routes, added a new line of branded pubs, and operates some casinos and manages other ... (read more)
Foe of gambling welcomes hearings on new legislation11 June 2007
Gambling opponent the Rev. Tom Grey on Friday welcomed congressional hearings on Internet betting, saying bills being proposed to lift federal restrictions on online gambling will force presidential candidates to take a stand on the issue.
With House hearings being conducted in Washington, D.C., ... (read more)
Fontainebleau builder lands big financing8 June 2007
LAS VEGAS, Nevada -- Fontainebleau Resorts announced Thursday it has secured approximately $4 billion in financing to complete projects in Las Vegas and Miami and to retire old debts.
Part of the funding will be used complete the $2.9 billion Fontainebleau Las Vegas now under construction on ... (read more)
Taxation: Birdie in the hand4 June 2007
LAS VEGAS, Nevada -- Las Vegas promotes itself as a worldwide luxury destination with its wide variety of golf courses designed by the likes of Arnold Palmer, Jack Nicklaus and Tom Fazio. Tax records suggest big names weren't the only thing working for golf courses last year.
Thanks to an obscure ... (read more)
PBL signs Vegas deal1 June 2007
LAS VEGAS, Nevada -- Australia's richest man, James Packer, is bringing his expanding gaming company to the Las Vegas market.
Publishing and Broadcasting Ltd., which Packer controls, announced Thursday it has entered an agreement with the developer holding purchase options for the site of the former Wet 'n Wild water park on the Strip. ... (read more)
Private-equity investors may map future of Strip growth30 May 2007
LAS VEGAS, Nevada -- What was started by the mob and built by Wall Street now seems poised to grow through private-equity investors.
Las Vegas-based gaming companies are resting squarely in the sights of buyout funds eager to take advantage of the companies' extensive real estate holdings, heavy cash ... (read more)
Wet 'n Wild site project proceeding, official says29 May 2007
LAS VEGAS, Nevada -- The Texas-based businessman behind a proposed 1,888-foot hotel-condominium tower for the old Wet 'n Wild site said Friday he has made a $40 million land option payment and the project is proceeding.
Christopher Milam, principal of Austin, Texas-based IDM Properties, said he ... (read more)
Ivana LV site for sale29 May 2007
LAS VEGAS, Nevada -- While ex-husband Donald was busy with a topping-off ceremony for his condominium project, a site formerly slated for a similar project tied to Ivana Trump has been relisted for sale.
Australian developer Victor Altomare and land owner Rinkai America recently hired CB Richard ... (read more)
Execs reap rewards23 May 2007
LAS VEGAS, Nevada -- As the gaming industry has expanded its reach around the globe, top executives have reaped the rewards: increasingly lucrative pay packages, wider use of company aircraft, personal security services and substantial executive retirement payments.
Four local gaming chief ... (read more)
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