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Howard Stutz Gaming Guru - Page 290INSIDE GAMING: No second for Strip, executive says7 August 2007
, Benjamin Spillman and Arnold M. Knightly
LAS VEGAS, Nevada -- If it's not the Strip, it doesn't interest MGM Mirage President and Chief Financial Officer Jim Murren.
Murren's company owns some 760 acres along the Strip, encompassing 10 casinos and the 76-acre, $7.4 billion CityCenter development. ... (read more)
Vegas racebooks eye Hong Kong races7 August 2007
NEVADA -- Horse racing bettors in Las Vegas may soon be allowed to participate in high-paying pari-mutuel pools with overseas gamblers while wagering on races originating from Hong Kong.
Proponents of the idea said the betting pools, which take place at two tracks operated by the Hong Kong Jockey ... (read more)
Sales spark surge for MGM Mirage3 August 2007
LAS VEGAS, Nevada -- Becoming a seller has been a profitable move for MGM Mirage.
After spending much of the last 10 years as an acquirer -- paying a combined $13 billion for rivals Mirage Resorts and Mandalay Resort Group -- the casino operator sold off pieces of the company in the past year to ... (read more)
Developer buys 30 condos in CityCenter2 August 2007
LAS VEGAS, Nevada -- Denver-based resort developer Exclusive Resorts announced Wednesday it purchased 30 condominium units in one of the four high-rise towers being built as part of MGM Mirage's $7.4 billion CityCenter development.
The 30 two-bedroom units, located on floors 42-48 of the Vdara Condominium Hotel, will be custom designed for Exclusive Resorts. ... (read more)
Ameristar has taxing quarter2 August 2007
LAS VEGAS, Nevada -- Las Vegas-based Ameristar Casinos said its net income in the second quarter fell a little more than 4 percent due to a state income tax matter.
The casino operator said Wednesday its earnings for the quarter that ended June 30 were $17.3 million, or 30 cents a share, compared with $18 million, or 32 cents a share, a year earlier. ... (read more)
Palazzo slated to open in December2 August 2007
LAS VEGAS, Nevada -- Las Vegas Sands Corp. announced Wednesday it would open the $1.6 billion Palazzo on Dec. 20.
The 3,068-room resort, under construction next to The Venetian, will open its gaming area, hotel and restaurants, the company said during its second-quarter earnings conference call ... (read more)
LV Sands giddy about prospect for Macau2 August 2007
LAS VEGAS, Nevada -- Despite a second quarter where robust revenue didn't translate into increased earnings, Las Vegas Sands Corp. executives were jubilant Wednesday.
Four weeks before opening the $2.4 billion Venetian Macau, company executives said the resort was ready for its unveiling after more than five years of planning, construction and preparation. ... (read more)
Charges figure in sending Boyd Gaming's profits lower2 August 2007
LAS VEGAS, Nevada -- Boyd Gaming Corp. executives want investors and Wall Street to view the company's second-quarter earnings as a blueprint while the casino operator moves ahead over the next three years.
On paper, results for the quarter, which ended June 30, appear to have slipped in comparison ... (read more)
Boyd chairman to alter his role30 July 2007
LAS VEGAS, Nevada -- In the 1970s, it was easy for Boyd Gaming Corp. Chairman Bill Boyd and his father, Sam, to visit their company's casinos in one day.
Starting at the Eldorado in Henderson, the Boyds could stop by Sam's Town on the Boulder Highway and finish up the day at the California on Fremont ... (read more)
Navegante gets OK to take over Sahara27 July 2007
LAS VEGAS, Nevada -- Nevada gaming regulators on Thursday gave the Navegante casino management group final approval to take over operations of the Sahara possibly as early as next week.
Las Vegas-based Navegante, which is headed by former MGM Grand executive Larry Woolf, was not planning any ... (read more)
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