Featured Articles Archive - Page 743

Gambling Beyond Las Vegas: What's Based Here May Not Stay Here

From the window of his Hughes Center 18th floor office, Pinnacle Entertainment Chief Executive Officer Dan Lee has a superior view looking down toward the heart of the Strip. But when Lee wants to check on one of his company's nine casino projects, he either clicks onto an Internet webcam or hops on an airplane...read more

Declined Option Clears Way for Casino Sale

Park Cattle Co., the company that owns the land housing Caesars Tahoe, said Friday it wouldn't exercise an option to purchase the casino's 27.2-acre site, which is across from the shore from South Lake Tahoe. The decision paves the way for the property to be sold to Kentucky-based Columbia Sussex Corp...read more

Horoscope for the week of January 23, 2005

Tip of the Week: The month of Aquarius, the Water Bearer is on its way. Aquarius is often mistakenly interpreted as a water sign. Actually, it is an air sign. The waters of Aquarius are the waters of consciousness and not the actual element of water...read more

I-Gaming Prohibition Bills Resurface in Indiana

Two legislators in Indiana have re-introduced bills to regulate I-gaming within the state. Both bills are very similar to antecedent bills that were introduced in past years but failed to pass. House Bill 1191, authored by Rep. Jerry Denbo (D), is essentially the same bill Denbo has introduced every year since 1999...read more

Gambling Stocks Buoyed by Upbeat Forecast From Caesars

An announcement early Tuesday by Caesars Entertainment that the company expects its fourth-quarter earnings to be better than previous estimates sent gaming-sector stock prices upward by the close of trading. The news propelled analysts to issue statements that strong earnings could be revealed by much of the industry as company quarterly financial reports are announced over the next few weeks. Caesars raised its outlook for the quarter in a brief statement before the markets opened, saying it expected the company to earn a range of 7 cents to 9 cents a share, up from its previously forecast range of 4 cents to 6 cents a share. For 2004, the company, which operates Caesars Place, Bally's, Paris Las Vegas, Flamingo and 21 other properties worldwide, said it expects earnings to be in a range of 67 cents to 69 cents a share. Caesars, which will announce earnings Feb...read more

Regulars Say Goodbye as Key Largo Nears Closure

With the hours ticking away before the demise of the Key Largo Casino, Tom Rich hung out Monday afternoon at the bar area of small East Flamingo Road property. He was swapping stories with fellow patrons and bartender Pilar Durate, who has been mixing drinks at the South Beach-themed gaming hall for the last seven years...read more

MGM-Mirage, Mandalay Deal Seen as Matter of When, Not If

Federal antitrust approval of MGM Mirage's $7.9 billion buyout of the Mandalay Resort Group didn't materialize Friday. Still, gaming analysts and industry observers believe the U.S. Federal Trade Commission's blessing of the transaction is a matter of when -- not if -- it will be announced. On Friday, an FTC official said an agency spokeswoman erred Thursday in commenting on the pending merger between the casino giants, which would create the world's largest casino operator. MGM Mirage has said that it hopes to conclude the buyout before the end of March...read more

Horoscope for the Week of January 16, 2004

Tip of the Week 2005 is off to a dramatic start. Natural disasters are stirring fears and apocalyptic imaginations. These tests to our collective sense of humanity may be just the beginning. This is a time of initiation on both personal and especially on collective levels...read more

Caesars Official Dies of Cancer

LAS VEGAS -- John Yaskin, who is credited with expanding the customer base of Caesars Palace during a 14-year tenure at the Strip resort, died Monday evening after suffering from cancer for nearly a year. He was 48. Yaskin, who was the property's senior vice president, oversaw the hotel's marketing operations...read more

Harrah's First Horseshoe Undertaking will be Resort in Council Bluffs, Iowa

Harrah's Entertainment announced Tuesday it will build its first resort under the well-known Horseshoe brand, turning a racetrack casino in Council Bluffs, Iowa, into the state's largest gaming establishment. The Council Bluffs City Council approved construction of an $85 million project to create Horseshoe Council Bluffs at the site of the Bluffs Run Casino, which is adjacent to a racetrack and had been part of the Harvey's Casino chain, which was bought out by Harrah's in 2001...read more