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Howard Stutz Gaming Guru - Page 288Casino MonteLago operators take step forward7 September 2007
LAS VEGAS, Nevada -- Operators of the Casino MonteLago in Lake Las Vegas, who have been running the only gaming establishment in the upscale community for the past three months on a temporary basis, took a step toward permanent control Thursday.
The Gaming Control Board, which let two of the ... (read more)
Station land buy faces scrutiny7 September 2007
LAS VEGAS, Nevada -- Station Casinos has spent the past few years purchasing dozens of large and small land parcels surrounding the Wild Wild West on Tropicana Avenue west of Interstate 15, compiling a site exceeding 70 acres on which the casino operator plans to develop a massive gaming and ... (read more)
Sands, Wynn get boost from Macau4 September 2007
LAS VEGAS, Nevada -- Interest in the growing Macau casino market fueled investors' actions regarding shares of two gaming operators during August. The stock prices of other companies weren't so lucky.
Las Vegas Sands Corp., which opened the $2.4 billion Venetian Macau on Tuesday, and Wynn Resorts ... (read more)
Reno casino workers to hold labor votes30 August 2007
RENO, Nevada -- Reno casino workers represented by Culinary Local 226 are holding two separate votes today, one to ratify a new contract at Circus Circus in Reno and another to authorize a strike at the Grand Sierra Resort.
About 700 workers at Circus Circus reached a tentative agreement with management on a new five-year contract. ... (read more)
Venetian expected to alter gaming in Macao28 August 2007
MACAO -- On the eve of opening a $2.4 billion resort in Macau that will double the casino and hotel capacity of the Chinese gaming enclave, executives from Las Vegas Sands Corp. said there is room for more.
The company's 3,000-room Venetian Macau, an 11 million-square-foot complex, opens today ... (read more)
MGM Mirage workers: Unions approve contract27 August 2007
LAS VEGAS, Nevada -- MGM Mirage workers represented by the Culinary and Bartenders unions overwhelmingly approved a new five-year collective bargaining agreement Friday that not only secured employees higher wages and benefit increases but also ensured the possibility that the labor organizations' single ... (read more)
Hurricane Katrina aftermath: Renewed, reborn27 August 2007
NEW ORLEANS, Louisiana -- The South has risen again.
Wednesday marks two years since Hurricane Katrina, packing 135 mph winds and an estimated 35-foot storm surge, roared across the Gulf of Mexico and demolished the vibrant casino industry that had flourished along Mississippi's Gulf Coast.
When the clouds dissipated, 12 casinos were left in ruins. ... (read more)
Dubai buys into Las Vegas Strip23 August 2007
LAS VEGAS, Nevada -- MGM Mirage's $5.1 billion deal to sell half of its CityCenter development and a nearly 10 percent stake in the casino operator to Dubai World, a holding company for the Persian Gulf state, is more than just another joint venture investment.
Company Chairman Terry Lanni ... (read more)
MGM Mirage, union land deal23 August 2007
LAS VEGAS, Nevada -- Culinary Local 226 and the MGM Mirage reached a tentative agreement on a new five-year contract late Wednesday covering some 21,000 workers at 10 hotel-casinos.
The deal was struck at 8 p.m. after a 10-hour bargaining session, the first time the two sides had met in almost two months. ... (read more)
Bally expecting to reverse 2006 losses22 August 2007
LAS VEGAS, Nevada -- Bally Technologies told Wall Street on Tuesday that it expects to reverse a net loss from 2006 when the company reports its fiscal year 2007 earnings.
The Las Vegas-based slot machine maker has spent the past 24 months restating earnings dating back to 2005.
The company plans to file its year-end report in September for the fiscal year that ended June 30. ... (read more)
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