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Howard Stutz Gaming Guru - Page 284Palazzo not taking room bookings till after slated opening3 December 2007
The $1.6 billion Palazzo, which had been scheduled to open Dec. 20, is not taking hotel room reservations until Dec. 28.
Las Vegas Sands Corp. officials said Thursday the resort will have a partial opening in late December, but the company is targeting a grand opening event in the middle of ... (read more)
No Palazzo bookings until after opening30 November 2007
LAS VEGAS, Nevada -- The $1.6 billion Palazzo, which had been scheduled to open Dec. 20, is not taking hotel room reservations until Dec. 28.
Las Vegas Sands Corp. officials said Thursday the resort will have a partial opening in late December, but the company is targeting a grand opening event in ... (read more)
Kerkorian halts bid for shares29 November 2007
LAS VEGAS, Nevada -- MGM Mirage majority shareholder Kirk Kerkorian dropped his month-old bid to acquire additional shares of a San Antonio-based petroleum refining corporation after the company's board adopted a poison-pill anti-takeover defense.
The 90-year-old Los Angeles billionaire, who already holds almost 4 percent of Tesoro Corp. ... (read more)
The strip: That old 'Pack' magic23 November 2007
LAS VEGAS, Nevada -- Unlike its Rat Pack-era contemporaries, the Sahara has been spared a date with a demolition team.
Instead, new owners Los Angeles-based SBE Entertainment and Stockbridge Real Estate Funds of San Francisco have invested a little more than $2 million since August to ... (read more)
Progressive IPO brings $47 million20 November 2007
LAS VEGAS, Nevada -- Progressive Gaming International Corp. said Monday it raised $47 million in a public offering of its common stock. The Las Vegas-based company plans to use the proceeds to pay down debt and settle legal bills associated with the company's recently settled federal antitrust ... (read more)
MIT blackjack millionaires share their table manners16 November 2007
LAS VEGAS, Nevada -- Two former Massachusetts Institute of Technology students who teamed with classmates and took Las Vegas casinos for millions in the late 1990s by counting cards at blackjack tables said the practice is still going on across North America.
But Mike Aponte and Dave Irvine were ... (read more)
Lanni: Free meal is history16 November 2007
LAS VEGAS, Nevada -- MGM Mirage Chairman and CEO Terry Lanni used the Nevada Development Authority's annual luncheon Thursday to say the free meal is over.
Lanni said Nevada's economy is in disarray because the tax structure, which relies heavily on gaming and sales taxes, is broken. And he ... (read more)
Sports books 'play lucky' for casinos13 November 2007
NEVADA -- September's slew of major college football upsets gave casino operators something to smile about.
Helped along by a 106 percent increase in revenues generated by sports books, Nevada casinos won $1.058 billion in September, a 7.45 percent increase compared with $984.9 million won in September 2006. ... (read more)
MGM Grand Macau slated to open next month13 November 2007
LAS VEGAS, Nevada -- The $1.25 billion MGM Grand Macau will open Dec. 18, marking the third grand opening of a new hotel-casino in the Chinese gaming enclave this year.
The development on the Macau peninsula, is a 50-50 joint venture between MGM Mirage and Hong Kong businesswoman Pansy Ho. ... (read more)
Wave hello to tomorrow13 November 2007
LAS VEGAS, Nevada -- For some casino operators, the Global Gaming Expo serves as a preview to the future. Others want to know what can go on their gaming floors immediately.
This year's industry trade show opens today at the Las Vegas Convention Center and the focus remains on server-based ... (read more)
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