Featured Articles Archive - Page 741

International Game Technology Creates Division for Macau Market

RENO, Nevada and MACAU -- Casino gaming is continuing its rapid expansion into the Chinese gaming enclave of Macau, and the industry's leading slot machine manufacturer announced Tuesday it was creating a division to serve the growing market. Reno-based International Game Technology said the formation of IGT-Asia will serve an area that could be the industry's primary growth vehicle during the later part of this decade. Las Vegas Sands Corp...read more

Singapore to Receive Wynn Bid

Plans by the government of Singapore to add casino gaming continues to lure the industry's major participants, so Tuesday's announcement that Las Vegas-based Wynn Resorts Ltd. would submit a proposal didn't shock anyone. The company, now preparing to open the $2.5 billion Wynn Las Vegas April 28, wants to build a gambling house at the Marina Bayfront near Singapore's central business district...read more

Strip Show Biz: Countdown to Splashdown

LAS VEGAS -- It's said the first person Steve Wynn called when the casino developer started conceptualizing his newest resort complex was not a financial adviser, architect, or builder. It was renowned show producer and director Franco Dragone. Together, Wynn and Dragone are responsible for two of the most popular productions on the Strip -- "Mystere" at Treasure Island and "O" at Bellagio...read more

Report: Casinos Win Big in 2004

The terminology "pre-Sept. 11 figures" finally can be eliminated from discussions on the health of Nevada's gaming industry. State casinos won $10.6 billion during calendar year 2004, a 9.7 percent increase over 2003's total win of $9.6 billion and the highest total win in Nevada history, the Gaming Control Board reported Friday. The win also marked the first time the total cracked the $10 billion barrier. Frank Streshley, senior research analyst for the control board, said the increase was the largest percentage jump in five years, with 10 of the 12 months reporting new records...read more

Horoscope for the week of February 13, 2005

Tip of the Week: Aquarius is the sign of humanitarianism and democracy. Not surprisingly, these themes are foremost on the airwaves these days. After all, we are now well into the Age of Aquarius. An age last for 2160 years and this one began at least 150 years ago...read more

Investors Bullish on Boyd Gaming

LAS VEGAS -- The day after reporting record earnings in 2004, Boyd Gaming Corp. saw its shares shoot up to an all-time high Thursday as gaming analysts said the company is poised to take advantage of numerous growth opportunities well into the next decade...read more

Company Aims to Keep Employees

LAS VEGAS -- The expected availability of 15,000 new casino and hospitality jobs in Las Vegas over the next five years -- 10,000 alone from April's planned opening of the $2.5 billion Wynn Las Vegas -- makes smaller gaming operations prime targets for experienced workers...read more

Merger Partners Watch and Wait

LAS VEGAS -- Officials from MGM Mirage and Mandalay Resort Group are seemingly playing out a scene from Samuel Beckett's play "Waiting for Godot" in which two tramps anticipate the arrival of a mystery character who never appears. The companies are starting to get the same feeling while waiting for approval of their $7.9 billion merger from the U.S...read more

Attorney for Caesars Tapped as Gaming Regulator

NEVADA -- Gov. Kenny Guinn reached into the casino industry ranks Tuesday for the newest member of the Gaming Control Board, naming Caesars Entertainment attorney Mark Clayton to the three-member regulatory body. Clayton, 39, has been vice president of corporate law for Caesars since 2001, with previous experience as the general counsel for Aladdin Gaming Holdings and Showboat. With Caesars, Clayton has been the chief attorney in advising the company as it prepares to be bought out by Harrah's Entertainment in a $9.4 billion transaction...read more

Aiming to Rule the Rooster

LAS VEGAS -- Casino leaders are hoping the Strip's gambling tables will crow with excitement this week. As celebration of Chinese New Year starts today, many Strip properties are pulling out all stops to welcome Far East visitors with large bankrolls looking to welcome the Year of the Rooster. "As far as the big events for properties go, Chinese New Year has become just as important as New Year's Eve, Super Bowl weekend and March Madness," said Eric Hausler, gaming analyst for Susquehanna Financial Group...read more