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Howard Stutz Gaming Guru - Page 277Businessman's case against Sands Corp. gets under way17 April 2008
LAS VEGAS, Nevada -- Opening statements began Wednesday in what is expected to be a monthlong civil trial to determine whether a Hong Kong businessman helped Las Vegas Sands Corp. earn a lucrative gambling license in Macau and is now owed millions of dollars.
The case was filed in October 2004 by Richard Suen and Round Square Co. ... (read more)
Share prices for major casino companies drop16 April 2008
NEW YORK AND LAS VEGAS, Nevada -- Share prices of the major casino operators tumbled Tuesday, the day after MGM Mirage said it eliminated 440 manager and supervisory level positions at both property and corporate levels.
It was unclear Tuesday if other casino operators were laying off workers as a ... (read more)
Inside gaming: Sparkle seems off neon for Street15 April 2008
Wall Street has soured on Las Vegas.
Gaming analysts are challenged to find nice things to say about the casino industry in light of poor financial performances in numerous markets, including the Strip, where gaming revenues fell more than 3 percent in February.
The sinking economy, high gasoline ... (read more)
Nevadan at work: Gaming executive steers company through transformation15 April 2008
LAS VEGAS, Nevada -- Heather Rollo graduated from the ski slopes of Utah to the bright lights of Las Vegas. Now, she's mixing with the financial mavens of Wall Street.
As chief financial officer for Progressive Gaming International, the 34-year-old has helped steer the Las Vegas-based company's ... (read more)
Another level for Trump as tower opens14 April 2008
LAS VEGAS, Nevada -- Real estate mogul Donald Trump and Las Vegas Mayor Oscar Goodman exchanged pleasantries Friday morning. The talk quickly turned to neckties.
Moments before the two led a ceremonial ribbon cutting to usher in the opening of the $1.2 billion Trump International Hotel & Tower, Goodman complimented Trump on his stylish pink neckwear.
... (read more)
That's what they mean by green13 April 2008
LAS VEGAS, Nevada -- The Palazzo has been designated as the largest Leadership in Energy and Environmental Design (LEED) certified building in the world by the U.S. Green Building Council.
The $1.9 billion hotel-casino, which opened in January, was recognized with a silver LEED certificate for ... (read more)
Boyd shifting tactics in NLV11 April 2008
LAS VEGAS, Nevada -- Boyd Gaming Corp. is changing its North Las Vegas casino plans, joining the developer of a proposed 2,675-acre master-planned community as the builder and operator of a large hotel, casino and resort complex within the project.
The 66-acre site, on the northwest corner of the Las ... (read more)
Nevada economy: Funk and fear in February10 April 2008
NEVADA -- OK, now it's time to panic.
Despite a month that included Chinese New Year, Super Bowl weekend, the three-day Presidents Day weekend, a favorable calendar and one extra day thanks to the leap year, gaming revenues statewide fell almost 4 percent in February, giving Wall Street cause for ... (read more)
Harrah's opts to hail name of Caesars10 April 2008
LAS VEGAS, Nevada -- Nearly three years after spending $9 billion to acquire rival casino operator Caesars Entertainment, Harrah's Entertainment is finally going to capitalize on the name.
Harrah's announced Wednesday that it plans to change the company's name to Caesars Entertainment Corp. The switch ... (read more)
Dubai World gets regulators' nod9 April 2008
DUBAI AND LAS VEGAS, Nevada -- MGM Mirage joint-venture partner Dubai World received permission Tuesday from Michigan gaming regulators to increase its ownership in the casino giant to almost 15 percent.
The investment arm of the Persian Gulf state now controls 9.4 percent of the Las Vegas-based gaming ... (read more)
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