Featured Articles Archive - Page 649

Gold settles WSOP lawsuit

Jamie Gold has agreed to settle a dispute over the World Series of Poker Main Event $12 million prize, according to the Associated Press. Gold and television executive Crispin Leyser agreed to settle the matter "without litigation," according to a statement released to the AP on Tuesday...read more

Las Vegas Sands surges ahead in quarter

LAS VEGAS, Nevada -- Las Vegas Sands Corp. executives and Wall Street continue to view the company as a future earnings giant. Las Vegas Sands Corp. executives and Wall Street continue to view the company as a future earnings giant. With approximately $17 billion in planned casino and nongaming developments in various phases of design and development in Las Vegas, Macau, Singapore and Pennsylvania, Las Vegas Sands will keep construction crews busy through 2010. But it doesn't mean the company isn't paying attention to results at its two casinos in Las Vegas and Macau. Las Vegas Sands said Monday it was reporting net revenues of $2.24 billion in 2006, an increase of 28.5 percent compared with $1.74 billion in 2005. During the fourth quarter ended Dec...read more

Touch of Asia in palatial Palazzo

LAS VEGAS, Nevada -- The $1.8 billion Palazzo has not been the average Strip construction project. When the 3,025-room hotel-casino is completed -- executives from Las Vegas Sands Corp. have set a target date for the end of this year -- the development will include design aspects learned while building the neighboring Venetian and the company's resorts in Macau. The Palazzo will be connected to the 4,027-room Venetian, but it will not be a mirror image. "People are going to be surprised when they walk into this building because this property is going to be a lot more interconnected than The Venetian," Las Vegas Sands Executive Vice President Brad Stone said earlier this week during a walking tour of some of the Palazzo's under-construction features. The Palazzo's planned 50-story hotel tower reached the 36th floor this week while the concrete-encased elevator core stood at 46 stories...read more

Rebecca's Recommendations - February 2, 2007

Home at last. Until 2pm this afternoon that is...off to Miami for some quality time with Chris, Jenny, the Hawaiian Tropics girls, and god knows who else. Sure, you might think I'm crazy to plan a party filled weekend right after a 10 day trip to London, but would you pass up Super Bowl weekend in Miami with Jenny Woo? I think not...read more

Macau partnership subject of hearing

LAS VEGAS, Nevada -- Nevada gaming regulators have tentatively set Feb. 27 for a public hearing in Las Vegas to determine the suitability of MGM Mirage's partnership in an under-construction $1 billion hotel-casino in Macau. Last year, MGM Mirage asked regulators to approve its 50-50 joint venture with Chinese businesswoman Pansy Ho, who had been granted a subconcession by the Macau government to develop and operate a hotel-casino in the gaming enclave...read more

New Ameristar executives say company not for sale

LAS VEGAS, Nevada -- Executives from Las Vegas-based Ameristar Casinos wanted to make it perfectly clear to gaming analysts and investors Thursday that the company isn't on the auction block. In fact, Ameristar has loftier goals. Ameristar, which operates seven casinos in five states, reported quarterly earnings for the first time since the death last November of company chairman and founder Craig Neilsen. New Ameristar Chief Executive Officer John Boushy, while paying tribute to Neilsen, said an aggressive expansion program at the company's casinos in Black Hawk, Colo.; St...read more

Gambling stocks start '07 with January jolt

LAS VEGAS -- January was a good month to own stocks in the gaming industry's major companies. Expectations of profits internationally, primarily in the Chinese gaming enclave of Macau, and investor speculation that additional gaming operators would turn to private equity financing sent the average daily stock prices of several casino operators to record levels during the month. Las Vegas-based financial consultant Applied Analysis, which tracks the average daily stock price of six casino operators and three gambling equipment manufacturers, said its index of those companies cracked the 500-point level for the first time during the month. Brian Gordon, a partner in Applied Analysis, said that the start of quarterly earnings reports during February could send some stock prices down as investors cash out some profits...read more

NETeller withdrawals on hold for U.S. customer

NETeller's American customers are out of withdrawal options and are being asked to wait patiently while the company tries to determine how to move money to the U.S. The embattled e-wallet is getting so many phone calls about withdrawals - the first message that customers hear when they call the help-line is that "NETeller does not have an estimated time for resolution." NETeller also suspended ATM card privileges for Americans last weekend...read more

Four Winds Casino first new Michigan casino to open since 2000

In August 2007, the Four Winds Casino in New Buffalo, Michigan, is slated to open its doors to the public. It will be the first casino to open in the state since Greektown Casino in November of 2000. The casino, being developed by the Pokagon Band of Potawatomi Indians and managed by Lakes Entertainment, Inc., will consist of 100 gaming tables, and 3,000 slot machines. The Pokagon Band received its Federal Recognition in 1994 from President Bill Clinton...read more

Stepping up to the bettor's box

NEVADA -- Leroy's, which began its sports and racing wagering life as a small and smoky stand-alone downtown betting parlor, has gone high-tech. Leroy's, which is now a sports book operator with more than 60 locations in casinos stretching throughout all geographic regions of Nevada, has been rolling out a wagering kiosk at which gamblers can book bets 24 hours a day. The terminals accept wagering on all games and races in which Leroy's has posted odds...read more