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Featured Articles Archive - Page 301
Heard it on the river13 December 2012 I would think that many of us hope 2013 is a lot better than the year about to end. Heck, even a little better would be fine. So many challenges remain out there that affect the casino industry and with them a lot of economic uncertainty. While the biz takes its share of arrows it is still a great source of entertainment and an impactful contributor to the tax revenue bases of the communities it operates in.Online gaming is fast emerging but with legislative obstacles to overcome...read moreArticles by Howard Stutz
![]() Wolfgang Puck marks Las Vegas milestone12 December 2012 LAS VEGAS -- Twenty years ago, Wolfgang Puck would go home at night to a small apartment he rented near the Strip with a bottle of red wine to help nurse his pain.A week into the opening of his first Spago restaurant outside of Los Angeles, Puck wondered whether the naysayers had actually been correct.Puck's original Spago in Beverly Hills was a dining hot spot that attracted movie stars and sports celebrities with such items as smoked salmon pizza, butternut squash ravioli and wienerschnitzel.No way, some of Puck's contemporaries told him, would a high-end eatery make it in Las Vegas, the land of 99-cent shrimp cocktails, $2 steak dinners and the $9.99 all-you-can-eat buffet.During its first week of business, Spago Las Vegas, in the newly opened Forum Shops at Caesars Palace, attracted only rodeo fans who quickly turned away when they weren't going to find barbecue ribs or pork and beans.A short while later, the New Year's Eve holiday hit."We've been busy ever since," Puck said Tuesday at Spago, 20 years to the day the restaurant opened.Wolfgang Puck whips up some food at Spago Las Vegas as Spago Executive Chef Eric Klein watches...read moreArticles by Howard Stutz
![]() Arguello-Kline becomes first female Hispanic leader of Culinary12 December 2012 LAS VEGAS -- Culinary Workers Local 226 promoted Geoconda Arguello-Kline, a former housekeeper and Nicaraguan refugee, to become the organization's secretary-treasurer.The appointment was announced Tuesday.Arguello-Kline becomes the first female and first Hispanic to lead the 60,000-member union that represents hotel and restaurant workers in Las Vegas.In the organization's hierarchy, secretary-treasurer is the union's highest elected position...read moreArticles by Howard Stutz
![]() MGM Resorts plans celebration of its workforce diversity12 December 2012 LAS VEGAS -- MGM Resorts International employees will take over the Mandalay Bay Resort & Casino Events Center later this month for a Strip-style production to celebrate the casino operator's workforce diversity.The company, which operates 10 Strip resorts and employs more than 50,000 workers at resorts in Nevada, Mississippi, Michigan and Illinois, will feature 70 of its employees in "Inspiring Our World," an original music program spanning multiple cultures and styles.The 90-minute production, simultaneously performed in English, Spanish and American Sign Language, will be digitally represented in 14 languages...read moreArticles by Howard Stutz
![]() Caesars taps general manager for High Roller observation wheel12 December 2012 LAS VEGAS -- Caesars Entertainment Inc. named Eric Eberhart as general manager of the Las Vegas High Roller observation wheel, the centerpiece of the company's $550 million Linq development.Eberhart most recently served as principal of an Orlando, Fla., entertainment consulting firm...read moreArticles by Howard Stutz
![]() Analyst boosts view of Boyd Gaming, Peninsula purchase "strengthens" casino operator11 December 2012 Credit Suisse gaming analyst Joel Simkins reinstated coverage of Boyd Gaming Corporation following the closure last month of the company’s $1.45 billion acquisition of Peninsula Gaming Corporation.The transaction gave Boyd ownership of five casinos in three states, including the Kansas Star near Wichita, Kan...read moreArticles by Howard Stutz
![]() A slow path back - Limited slate of development projects, Internet poker debate will occupy gaming in 201311 December 2012 LAS VEGAS -- The Linq won't be confused with CityCenter.Then again, analysts have said the last thing the Strip needs right now is another massive hotel-casino complex. The Las Vegas gaming market is still in economic recovery mode after the recession sent gaming figures crashing back to 2004 levels.Through September, Strip gaming revenues have increased 2.5 percent over the same nine months of 2011, lending some to speculate that the market is slowly coming back.This brings us back to The Linq.As 2013 unfolds, the $550 million nongaming Linq is one of three Strip construction projects expected to heat up during the year.On the Strip's north end, transformation of the shuttered Sahara into the $400 million SLS Las Vegas is expected to begin after Jan...read moreTop-10 moments in NBC Heads Up Poker Championship history10 December 2012 I've watched a lot of televised poker over the last 10 years, and at this point there are only three poker programs that my DVR is set to record: The World Series of Poker, High Stakes Poker and the NBC Heads Up Poker Championship. Unfortunately for my poker viewing, two of the three programs have been on hiatus as they lacked sponsors after Black Friday...read moreArticles by Howard Stutz
![]() MGM Resorts in battle with Penn for lone western Massachusetts casino license10 December 2012 Those hoping the next cage match between Penn National Gaming, Inc. and MGM Resorts International will play out in Springfield, Mass., are going to be disappointed.The winner of a lone casino license in Western Massachusetts will be determined on merit and awarded to the company that can best deliver on its promises.Inundating the Springfield airwaves with millions of dollars in ads, mailing controversial documents to residents and questioning a company's financial acumen or intentions won't be tolerated.In fact, Springfield leaders reportedly told officials from both MGM and Penn to play nice: The city doesn't want a repeat of what happened in Maryland.A month ago, Penn National and MGM Resorts spent a combined $90 million and were on opposite sides of what might have been the most expensive and venomous casino expansion campaign ever seen.Now, they are facing off in Western Massachusetts in what is the most heavily sought after license among the state's three potential gaming regions.Caesars Entertainment Corp...read moreArticles by Howard Stutz
![]() Nevada gaming revenues increase 1.8 percent in October; Strip up 3.6 percent10 December 2012 LAS VEGAS -- Going into October, analysts figured casinos statewide would have a tough time matching the gaming revenue results from a year ago.In October 2011, baccarat totals broke all monthly records with revenues increasing 74.3 percent, sending the state to an 8 percent overall revenue increase."We were pretty much up against a very strong month," Gaming Control Board Senior Research Analyst Michael Lawton said Friday.So imagine everyone's surprise when state gaming revenues grew a modest 1.8 percent in October, the state's second straight monthly increase.Casinos statewide collected $978.8 million from customers in October, figures the control board released Friday show...read more |
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