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Howard Stutz Gaming Guru - Page 234First CityCenter property opens on Strip1 December 2009
LAS VEGAS, Nevada -- And so it begins.
When the nearly 1,500-room nongaming Vdara hotel welcomes its first paying customers late tonight, the $8.5 billion CityCenter development moves into its operation mode.
Finally.
The Strip project will open in phases this month after more than five years of development and construction. ... (read more)
Gaming stocks mostly down in November1 December 2009
LAS VEGAS, Nevada -- Gaming stocks were sluggish in November as investors tried to judge the repercussions of third-quarter results and anticipate the effect the opening of CityCenter will have on the Strip.
Only three of the nine gaming companies charted by Las Vegas-based financial consultant Applied ... (read more)
Sands China hurt by Dubai World trouble1 December 2009
LAS VEGAS, Nevada -- An initial public stock offering in a subsidiary of Las Vegas Sands Corp. hit a snag Monday when shares tumbled 10.2 percent on their first day of trading on the Hong Kong Stock Exchange.
Still, Las Vegas Sands said it raised $5 billion in debt and equity financing in Asia and will ... (read more)
Las Vegas Sands raises $5 billion for Macau30 November 2009
LAS VEGAS, Nevada -- Las Vegas Sands Corp. said today it raised $5 billion in debt and equity financing in Asia and will use a portion of the proceeds to restart and complete construction of resort and casino complex on Macau's Cotai Strip.
In a statement, the company said it listed 30 percent of its ... (read more)
CityCenter ready for debut after months of headlines30 November 2009
LAS VEGAS, Nevada -- In the 61 months between the announcement MGM Mirage was creating an urban metropolis on the Strip called Project CityCenter and Tuesday's planned opening of its first hotel, Vdara, the $8.5 billion development seemed to be on constant life support.
Almost as soon as MGM Mirage ... (read more)
Questions surround WSOP after Pollack's exit30 November 2009
LAS VEGAS, Nevada -- World Series of Poker Commissioner Jeffrey Pollack said he wanted to explore new challenges when he resigned this month after four successful years at the helm of the tournament.
Some wondered whether a high-stakes bluff was being played out.
It seemed strange that Pollack, 45, ... (read more)
Pinnacle cuts back plans for casino in Louisiana25 November 2009
LAS VEGAS, Nevada -- Pinnacle Entertainment scaled back plans for a Louisiana casino project, the first changes to the project since the departure of Las Vegas-based company's chief executive officer this month.
In a statement Tuesday, company executives said the Sugarcane Bay development in Lake Charles, ... (read more)
Station Casinos rewards loyal customers25 November 2009
LAS VEGAS, Nevada -- Casino companies have seen loyal customers remain loyal, even through the worst-ever recession to strike the gaming industry.
Station Casinos, zapped hardest of all the locals casino operators, wanted to do something special for its die-hard, high-end followers.
Company executives ... (read more)
Randall Sayre named Gaming Regulator of the Year25 November 2009
LAS VEGAS, Nevada -- Gaming Control Board member Randall Sayre has been named Gaming Regulator of the Year by the International Masters of Gaming Law.
Robert Stocker II, a Michigan gaming attorney who is the group's president, said Sayre, who was appointed to the control board in 2007 by Gov. Jim Gibbons, ... (read more)
Icahn, Penn National battle for Fontainebleau24 November 2009
LAS VEGAS, Nevada -- Less than a week after Penn National Gaming made a lowball offer for the bankrupt Fontainebleau, the regional casino operator was outbid for the shuttered Strip project by billionaire corporate raider Carl Icahn.
The former owner of the Stratosphere and the Arizona Charlie's hotel-casinos offered $156.5 million Monday in U.S. ... (read more)
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