Featured Articles Archive - Page 736

Casino Company Merger Headed Over Final Hurdle

Illinois gaming authorities were receptive to an MGM Mirage proposal over the management structure of a riverboat casino that could lead to the final regulatory approval necessary in the company's $7.9 billion buyout of the Mandalay Resort Group. MGM Mirage executives met with the Illinois Gaming Board this week to discuss moving Mandalay's 50 percent ownership of the Grand Victoria into an escrow trust...read more

Horoscope for the week of April 17, 2005

Tip of the Week: A quiet revolution with very large implications is currently brewing in the labs of many renowned scientists. Four hundred years ago when the scientific revolution began so too did the debate as to whether life, human life in particular, began by chance or by choice...read more

Next on Neteller's Agenda: The World

The year 2004 was a smashing success for online money transfer provider Neteller. The company's April 14 initial public offering on the Alternative Investment Market of the London Stock Exchange at 200p per share raised £30 million. Now, exactly one year later, the company's stock price has more than tripled to 666p...read more

MGM-Mandalay Merger Enters Final Chapter

LAS VEGAS -- The final chapter in MGM Mirage's $7.9 billion buyout of Mandalay Resort Group begins today when company officials meet with Illinois gaming regulators to formulate a process concerning one of the smaller pieces of the overall transaction. At issue is Mandalay's 50 percent ownership in the Grand Victoria riverboat in Elgin, a 36,000-square-foot casino about 40 miles northwest of Chicago...read more

Nevada Gaming Commission: Moran Resigns After Nine Months

Nine months into a four-year term as a member of the Nevada Gaming Commission, Las Vegas attorney John Moran Jr. resigned effective April 22, saying he was considering a run for lieutenant governor. A Democrat, Moran's appointment last year by Republican Gov...read more

Award-Winning Architect's Firm Tapped to Design CityCenter Hotel-Casino

The architect responsible for the 1,483-foot Petronas Towers in Malaysia and numerous award-winning structures throughout the United States will design the primary component of MGM Mirage's $4.7 billion Project CityCenter. Cesar Pelli, a Connecticut-based architect whose firm, Cesar Pelli & Associates, has collected more than 40 honors from the American Institute of Architects, will design the centerpiece of the 66-acre Strip development, a 4,000-room hotel-casino with a contemporary theme.Advertisement Pelli has designed hotels and residentil projects in Japan, Europe and the United States, including the Solaire and 731 Lexington office building in New York City. An associate of Pelli said the architect was enticed by Project CityCenter because of the scope of the development. Project CityCenter, to go up between the Bellagio and Monte Carlo, is expected to include 18 million square feet of development in its first phase, including the hotel-casino, three 400-room nongaming boutique hotels, 550,000 square feet of retail, dining and entertainment, and 1,650 high-rise residential units. "There are zero preconceptions about what should be built," Gregg Jones, an associate of Pelli, said Monday...read more

Nevada Economy: Gaming Win Up in February

February's gaming win by Nevada casinos wasn't the double-digit increase from a year ago, but the $909.5 million collected from gamblers was still respectable in casino watchers' eyes. The figure, the single largest amount ever won by the state's casinos in the month of February, was a 3.77 percent jump from last year's total of $876.5 million when gambling houses benefited from a jump-start in the economy, new hotel inventory on the Strip and an extra day due to the Feb...read more

US, Antigua Both Claim Victory Following WTO Appellate Body Ruling

The World Trade Organization's Appellate Body today filed its report on the dispute between the United States and Antigua and Barbuda and in doing so upheld a November dispute panel decision that cross-border gambling services fall within the scope of the General Agreement on Trade in Services (GATS)...read more

Caesars' New Road Show

No one will confuse the Forum Shops at Caesars with the Valley Auto Mall, but luxury car shoppers will soon have plenty of opportunity to kick some tires at the Strip shopping plaza. Caesars Palace will open an exotic and specialty car dealership Friday, about 20 days ahead of the neighboring Wynn Las Vegas, which will unveil a Ferrari and Maserati dealership during its grand opening April 28.Advertisement Exotic Cars at Caesars Place will take up more than 34,000 square feet inside the Forum Shops using space that formerly housed the Race for Atlantis motion simulator ride...read more

Lawsuit Alleges Sexual Torment

The Equal Employment Opportunity Commission has filed a lawsuit in federal court against Caesars Palace, claiming six of the Strip resort's female kitchen workers were sexually harassed by supervisors over a two-year period and that the hotel's management retaliated against the employees for complaining. The lawsuit was filed last week in U.S...read more