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Benjamin Spillman Gaming Guru - Page 7Report cites LVCVA for lax oversight5 December 2008
LAS VEGAS, Nevada -- A conservative Nevada think tank Thursday turned up the heat on the public agency charged with promoting Las Vegas, alleging the agency has a culture of lax oversight, overly cozy relationships with contractors and spends tax dollars on luxuries such as fine food and wine for ... (read more)
Hedge fund buys $9.3 million stake in General Growth26 November 2008
LAS VEGAS, Nevada -- A New York-based hedge fund bought an interest in up to 20 percent of mall giant General Growth Properties Inc. -- a company that had a market capitalization of nearly $9 billion as recently as February -- for just $9.3 million in cash.
Pershing Square Capital Management disclosed the purchase Tuesday in a filing with the U.S. ... (read more)
McCarren to add 1,000 parking spots21 November 2008
LAS VEGAS, Nevada -- Here's some happy holiday news.
People flying in and out of Las Vegas are unlikely to have a brush with the chaos of seasons past at McCarran International Airport.
That's because this year there are about 1,000 more parking spaces compared with last year and the number of people ... (read more)
Wall Street says casinos are bad gamble20 November 2008
LAS VEGAS, Nevada --Sneaker-clad tourists aren't the only ones to stop making tracks to Las Vegas casinos. Wall Street-types in wingtips have also tired of losing money on the Strip.
That leaves gambling operators to fend for themselves and turns talk of the next gleaming tower into chatter about who may ... (read more)
Vegas boosters see dark times ahead19 November 2008
LAS VEGAS, Nevada -- Like addicts at rock bottom, even the sunniest tourism boosters admit Las Vegas has a problem.
Now it's time to start taking steps on the road to recovery.
That was the sober sentiment Tuesday during the monthly gathering of the Las Vegas Convention and Visitors ... (read more)
Runway work could delay flights at McCarran17 November 2008
LAS VEGAS, Nevada -- Runway reconstruction at McCarran International Airport could worsen flight delays this winter, but forecasts of frequent and widespread chaos on the ramp are greatly exaggerated, aviation officials said Friday.
That's what Clark County Aviation Director Randall Walker told journalists seeking information on reported delays since Nov. ... (read more)
September brings fewer visitors to Las Vegas13 November 2008
LAS VEGAS, Nevada -- The number of people who visited Las Vegas in September fell 10.1 percent to 2.9 million, a jarring drop for a community that's already in the throes of a deepening recession.
The decline occurred despite a 21 percent drop in the average daily room rate to $112 and falling oil ... (read more)
Hurricane and economy take toll on Landry's11 November 2008
LAS VEGAS, Nevada -- A Gulf Coast hurricane and an emerging recession conspired to swamp Landry's Restaurants Inc. in the third quarter, resulting in quarterly losses of $17.1 million, or $1.12 per share, for the parent company of the Golden Nugget hotel-casinos in Las Vegas and ... (read more)
Recession not limited to Vegas casinos11 November 2008
LAS VEGAS, Nevada -- Recessions aren't just for Las Vegas casinos.
Ameristar Casinos Inc. posted an adjusted net revenue decline of 7.4 percent to $68.4 million thanks largely to reduced spending by gamblers in the Midwestern states where it operates.
The Nevada-based company spent about $5.8 ... (read more)
General Growth Properties reports wider loss6 November 2008
LAS VEGAS, Nevada -- Mall owner General Growth Properties reported a wider quarterly loss and lower operating results in the third quarter and faces a rocky fiscal future, according to managers who held a conference call Wednesday to discuss earnings.
General Growth, which is the second-largest company of ... (read more)
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