Featured Articles Archive - Page 478

Wynn stock drops 11 percent

LAS VEGAS, Nevada -- Wynn Resorts Ltd. said its net income declined 33 percent in the third quarter, causing the company's stock price to fall 11 percent Tuesday. But you couldn't tell that from the reaction of company Chairman Steve Wynn. After opening the $2.3 billion Encore at Wynn Las Vegas last December in the middle of a recession, he was expecting a horrible 2009. Not anymore. "If things continue the way they are, we're going to equal or beat 2008 in Las Vegas and we're going to equal or beat last year in Macau," Wynn said on a conference call with analysts...read more

Harrah's reports $1.05 billion loss

LAS VEGAS, Nevada -- The sour economy and a massive impairment charge caused casino giant Harrah's Entertainment to report a net loss of more than $1 billion in the third quarter, the company said Tuesday. Las Vegas-based Harrah's, which was taken private last year by private-equity firms TPG Inc...read more

Boyd CEO says Station Casinos bid is legitimate

LAS VEGAS, Nevada -- Boyd Gaming Corp. has put the brakes on its $4.8 billion Echelon project for at least three to five years. But the casino operator has an idea of how to spend the money it raised for the Strip development: acquire a large chunk of Station Casinos out of bankruptcy. During a conference call Tuesday with analysts, Boyd Gaming Chief Executive Officer Keith Smith said Station Casinos executives dismissed the company's Feb...read more

Echelon won't restart for 'three to five years'

LAS VEGAS, Nevada -- Boyd Gaming Corp. said this morning it doesn't expect to restart construction of the $4.8 billion Echelon project for at least three to five years. The company suspended construction of the Strip development on the site of the former Stardust more than a year ago. "We continue to believe in the long-term viability of the Las Vegas market," Boyd Gaming Chief Executive Officer Keith Smith said...read more

Station Casinos files for reorganization extension

LAS VEGAS, Nevada -- Station Casinos has asked a federal bankruptcy judge for a four-month delay in proposing a reorganization plan for the company, a move attorneys for the Las Vegas-based casino operator hinted at last month. In a filing Friday with the U.S...read more

You can make money at craps when the shooter sevens-out

Most craps buffs favor Pass, Come, Place, and Buy bets as their primary wagers. If the shooter produces a plethora of numbers before sevening-out, these dice devotees can pile up profit, toss after toss. The catch is the eventual seven-out...read more

Top-10 things to watch for at the November Nine

10. Darvin Moon's early play Last year, Dennis Phillips was the chip leader entering final table action. But he fell behind early after losing some big pots. Phillips scrambled back into contention and managed to finish third, but his early stumbles proved too much to overcome. Darvin Moon faces a similar situation...read more

Father's Day gift fuels Schaffel's run to the Main Event final table

It was about a year ago at this time when Kevin Schaffel met Phil Ivey for the first time. Schaffel was in the clubhouse eating lunch at Shadow Creek, the renowned Las Vegas golf course, when he spotted Ivey sitting a few tables away. As Ivey got up to head to the practice range, Schaffel walked over to him and explained that he was a scratch golfer and a new player in the world of professional poker...read more

Chef Boulud leaving Wynn for Las Vegas Sands

LAS VEGAS, Nevada -- New York chef Daniel Boulud will open a restaurant at the $5.4 billion Marina Bay Sands, which is being built in Singapore by Las Vegas Sands Corp. and is expected to open next year. He will be one of six celebrity chefs opening eateries at the Marina Bay Sands, which will be the island nation's first casino. Boulud operated a restaurant at Wynn Las Vegas...read more

IGT board post adds to Satre's power

LAS VEGAS, Nevada -- Phil Satre is the most powerful businessman in Nevada. He can influence both your electricity costs and what slot machines you can play at the local casino. There might be some argument as to which role is more important. Satre, 60, joined the board of directors of NV Energy when he retired as chairman and chief executive officer of Harrah's Entertainment in 2005...read more