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Arnold M. Knightly Gaming Guru - Page 48Analysts see possibilities in land acquired with tower30 April 2007
LAS VEGAS, Nevada -- Whitehall Street Real Estate Funds is buying a Las Vegas landmark in the Stratosphere, and analysts say, a big untapped resource -- the adjacent 17 undeveloped acres.
The property that started in 1979 as the 100-room Vegas World and evolved into the 1,149-foot tower is now the ... (read more)
Fight over Riviera Holdings moves to meeting, court30 April 2007
LAS VEGAS, Nevada -- An investment group in a contentious takeover attempt of the Riviera's parent company is taking its fight directly to shareholders and the courthouse following the company board's denial of a $336.4 million buyout offer in March.
Riv Acquisition Holdings announced Friday its nominees ... (read more)
East, drink and be merry26 April 2007
LAS VEGAS, Nevada -- While many large gaming companies are rushing to turn Macau into Las Vegas East, one small gaming company is set to bring a little of the Chinese enclave's flavor to Sin City.
Silver Nugget Gaming is opening the Little Macau tavern this weekend in a nondescript strip mall on ... (read more)
Icahn sells Southern Nevada casinos24 April 2007
LAS VEGAS, Nevada --
American Entertainment Properties Corp., a wholly owned subsidiary of Icahn's American Real Estate Partners, announced Monday that it has agreed to sell the parent company of the Stratosphere, both Arizona Charlie's casinos and a Laughlin casino for $1.3 billion to Whitehall ... (read more)
Problem-betting funding backed23 April 2007
NEVADA -- Gov. Jim Gibbons pledged his support for continuing state funding for problem gamblers at the inaugural Nevada State Conference on Problem Gambling.
"If I stood here and told you 6 percent of the adult population in the state of Nevada had a problem with gambling, you would expect your leadership ... ... (read more)
The Strip: They won't dream of genie anymore18 April 2007
LAS VEGAS, Nevada -- The 2,430 nights of the Aladdin -- give or take a few -- are history.
With high-profile celebrities on hand and owners in high spirits, a Strip property dropped a name Tuesday and leapt into the future. With an event termed a soft opening, the once-Arabian themed hotel ... (read more)
General manager at Tropicana quits post16 April 2007
LAS VEGAS, Nevada -- The general manager of the Tropicana has left the property three months after his arrival.
Larry Johnson tendered his resignation two weeks before his final day on April 6.
Columbia Sussex Corp. Chief Financial Officer Richard FitzPatrick emphasized Friday that Johnson ... (read more)
Silverton eyes golden future13 April 2007
LAS VEGAS, Nevada -- With the roadwork outside its door completed, the Silverton is scheduled to begin a $500 million expansion this June that will include doubling its hotel occupancy.
The expansion's focus will be the addition of a 25-story, 360-room hotel tower that will include 63 suites ... (read more)
Stockholders like Harrah's buyout10 April 2007
LAS VEGAS, Nevada -- Harrah's Entertainment stockholders on Thursday approved the leveraged buyout of the sprawling gaming giant by a joint-venture partnership between two private equity firms.
Stockholders who control 66 percent of the total outstanding shares voted in favor of the buyout, based on a preliminary tally of the shares voted. ... (read more)
Ashless, ashless, they all fall down?10 April 2007
LAS VEGAS, Nevada -- Gaming companies would rather not discuss the prospect of Nevada casinos being forced to go nonsmoking in the near future.
One local gaming company spokeswoman said when asked about the possibility that "the company wasn't going to deal with conjecture."
But the writing may be ... (read more)
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