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Arnold M. Knightly Gaming Guru - Page 49Cosmopolitan gets on the beam10 April 2007
LAS VEGAS, Nevada -- After a year of digging down, construction on the Cosmopolitan began its ascent skyward Monday with the placement of its first 50-foot high steel beam.
"I think when you have construction as complex as this you take it in pieces," New York developer Bruce Eichner said. ... (read more)
Harrah's shareholders to vote on buyout5 April 2007
LAS VEGAS, Nevada -- Harrah's Entertainment stockholders plan to meet privately this morning to vote on the future of the company and, possibly, the gaming industry.
On the agenda is a vote on the proposed leveraged buyout of the gaming giant by subsidiaries of the private equity firms Apollo ... (read more)
Official: Law aims to stay step ahead of casino cheats5 April 2007
LAS VEGAS, Nevada -- The success of cheaters beating the casinos goes in cycles.
"Technology and methods of the cheaters evolve, the casinos and gaming companies adapt and catch up. But then the cheaters try something new.
""It is a cat-and-mouse game," said James Edwards, investigator for the Nevada Gaming Control Board. ... (read more)
Tropicana manager recalls opening 50 years ago4 April 2007
LAS VEGAS, Nevada -- Rudy Spinosa has been at the Tropicana so long that he remembers when one of the biggest problems facing its owners was keeping the property clear of tumbleweeds that would blow in from the desert.
Traffic congestion would come much later, joked the Tropicana's longtime ... (read more)
Step to diversity from Station Casinos2 April 2007
LAS VEGAS, Nevada -- The William F. Harrah College of Hotel Administration at UNLV is working to diversify, and locals casino giant Station Casinos is offering help.
The casino company has committed $500,000 over the next five years to help lure minority students from Nevada into the program ... (read more)
Investment company to keep trying for Riviera2 April 2007
LAS VEGAS, Nevada – An investment group trying to acquire the parent company of the Riviera is asking the company's board of directors to step aside and let the stockholders decide the company's fate.
Riv Acquisition Holdings sent the request late Thursday in response to the rejection Wednesday by Riviera Holdings Corp. ... (read more)
Las Vegas companies undeterred by U.K. vote30 March 2007
LAS VEGAS, Nevada -- Las Vegas gaming operators said Thursday that they expect casino-style resorts will eventually be built in the United Kingdom despite a parliamentary vote against expanded gaming.
The House of Lords on Wednesday voted 123-120 against a plan to award Manchester the country's first ... (read more)
Sands Corp.'s lawsuit against Sun dismissed28 March 2007
LAS VEGAS, Nevada -- District Court Judge Michelle Leavitt on Monday dismissed an amended defamation lawsuit brought by the Las Vegas Sands Corp. against the Las Vegas Sun and its business editor.
The Las Vegas Sands sued the newspaper July 12 after an April 2 column by the Las Vegas Sun Business ... (read more)
Riviera sees increase in profits22 March 2007
LAS VEGAS, Nevada -- With the recent implosion of the Stardust, the Riviera is one of the few remaining casinos that trace their history to the postwar building boom of the 1950s.
Coming off a turbulent year that saw two failed buyout attempts and the closing of "Splash," one of the Strip's ... (read more)
Olympia Gaming set to enter market19 March 2007
NEVADA -- Olympia Gaming plans to start construction this summer on its first Southern Nevada resort property, the $1 billion Southern Highlands Resort, with the first phase expected to be completed by fall 2009.
Chief Marketing Officer D.C. Graham said the company is finishing the final designs for the project. ... (read more)
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