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Howard Stutz Gaming Guru - Page 232

Howard Stutz
 
 

Boyd, Nevada talk Station deal

21 December 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. executives have been in contact with state casino regulators about its $2.45 billion offer for Station Casinos, the state's top regulator said this week. Nevada Gaming Control Board Chairman Dennis Neilander said he has talked to representatives for both ... (read more)
 

Executive who helped CityCenter stay afloat leaves MGM Mirage

21 December 2009
LAS VEGAS, Nevada -- Gary Jacobs, one of the key MGM Mirage executives who helped resolve the company's financial issues surrounding CityCenter and its corporate matters this year, has resigned from the casino operator. MGM Mirage announced the resignation Friday in a filing with the Securities and Exchange Commission. ... (read more)
 

CityCenter's long-awaited centerpiece opens

18 December 2009
LAS VEGAS, Nevada -- Wednesday was all about celebrating the opening of CityCenter's centerpiece, but it was also a time for putting the $8.4 billion project into perspective. During an hourlong ceremony in the porte-cochere of the 61-story, glass and steel Aria, MGM Mirage officials and others ... (read more)
 

Aria ready for grand opening

16 December 2009
LAS VEGAS, Nevada -- After 16 days of preliminaries, the main event has arrived. Aria, the centerpiece hotel-casino of the $8.5 billion CityCenter development, will be unveiled to the public late tonight. The masses won't get inside the 4,004-room hotel-casino before several last-minute media events, an invitation-only high-end VIP reception and an 11 p.m. ... (read more)
 

St. Louis casino to open in March

15 December 2009
LAS VEGAS, Nevada -- Pinnacle Entertainment has pushed up the opening of its River City casino in suburban St. Louis to early March. The casino and entertainment complex, Pinnacle's second in St. Louis, had originally been planning a spring opening. The opening of the $357 million project is ... (read more)
 

Kerkorian calls CityCenter "amazing"

14 December 2009
LAS VEGAS, Nevada -- Billionaire Kirk Kerkorian is celebrating the opening of CityCenter in the same manner he has acknowledged the unveilings of his other Las Vegas-changing projects -- with close friends and associates, and away from the spotlight. At 92, he's earned that right. Kerkorian, MGM Mirage's founder, remains the casino operator's largest shareholder with a 37 percent stake. ... (read more)
 

Nevada gaming revenue lowest in six years

11 December 2009
LAS VEGAS, Nevada -- Visitor numbers in Las Vegas increased for the second straight month, but that wasn't reflected in the revenues produced by casinos on the Strip and statewide. Nevada fell to its lowest single-month gaming revenue total in almost six years. Gaming revenues were $800.3 million, an ... (read more)
 

Construction begins on Macau-Hong Kong bridge

11 December 2009
LAS VEGAS, Nevada -- A massive automobile bridge linking Macau and Hong Kong is expected to begin construction next week according to press reports from Asia. The bridge, which would connect China's two largest Special Administrative Regions and the Zhuhai, will have three lanes in both directions and ... (read more)
 

Tribal gaming revenue tight in 2008

10 December 2009
LAS VEGAS, Nevada -- American Indian casinos suffered a similar fate as their counterparts in Las Vegas during 2008 -- the recession played havoc with gaming revenues. But unlike the Strip, Indian casinos enjoyed a slight boost in gaming revenues compared with prior years, although, the increase was not ... (read more)
 

CityCenter announces financing program for condo sales

9 December 2009
LAS VEGAS, Nevada -- In an effort to close sales of its 2,400 high-rise condominiums, developers of the $8.5 billion CityCenter project said this morning it has selected a national mortgage company to finance purchases. Also, MGM Mirage and Dubai World, which are 50-50 partners in CityCenter, will provide ... (read more)

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