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Howard Stutz Gaming Guru - Page 309Kerkorian to boost MGM Mirage stake24 November 2006
LAS VEGAS , Nevada -- Billionaire Kirk Kerkorian, the majority shareholder in gaming giant MGM Mirage, took steps Wednesday to increase his controlling ownership stake in the company. Gaming analysts, however, did not believe the move was done to take the casino operator private.
The purchases were ... (read more)
Gaming Control Board: Guinn picks aide for gaming post22 November 2006
NEVADA -- Keith Munro, chief of staff to Gov. Kenny Guinn, was appointed Tuesday by his current boss to a position on the Gaming Control Board, the first time in almost 30 years the three-member panel's designated law enforcement position is not being filled by either a former police officer or an ex-federal ... (read more)
Ameristar founder dies in his sleep21 November 2006
LAS VEGAS, Nevada -- The future of Las Vegas-based Ameristar Casinos became clouded Monday following the weekend death of company founder, chairman and majority stockholder Craig Neilsen.
Neilsen, 65, died Sunday in his sleep at his Las Vegas home.
The casino company's board of directors quickly implemented a management succession plan in an emergency meeting Sunday. ... (read more)
Stardust memories for sale20 November 2006
LAS VEGAS, Nevada -- Naturally, Friday's auction of items from the shuttered Stardust attracted Dr. Lonnie Hammargren, whose east Las Vegas home contains thousands of historical Nevada casino items and artifacts.
On this day, though, Hammargren was just window shopping.
For more than 2,500 other ... (read more)
Columbia Sussex shifts focus to Tropicana workers17 November 2006
LAS VEGAS, Nevada – With the bulk of the regulatory approvals behind them, executives from Columbia Sussex Corp. now want to turn their attention toward alleviating any concerns being felt by employees at the Tropicana as the privately held Kentucky-based company prepares to take over ownership of the ... (read more)
G2E panel: Gamblers will dictate change16 November 2006
LAS VEGAS, Nevada -- Gaming equipment companies are developing a plethora of new technologies for the casino market, such as hand-held or wireless gaming devices, radio frequency identification chips, server-based or downloadable slot machines and electronic table games.
But Mark Yoseloff, ... (read more)
Fahrenkopf urges bid to make UNR debate site15 November 2006
RENO, Nevada -- American Gaming Association President Frank Fahrenkopf Jr., who also serves as co-chairman of the Commission on Presidential Debates, said Tuesday that he hopes to bring one of the 2008 presidential debates to the University of Nevada, Reno.
Fahrenkopf, whose Washington, D.C.-based gaming ... (read more)
Global Gaming Expo: Latest vote provides hope15 November 2006
LAS VEGAS, Nevada -- As a former chairman of the Republican National Committee, Frank Fahrenkopf Jr. didn't have much to smile about from the outcome of last week's national midterm elections, where Republicans were swept out of power in both houses of Congress.
As president of the American Gaming Association, however, the results were to his liking. ... (read more)
Wynn to pay $6-per-share dividend14 November 2006
LAS VEGAS, Nevada -- Shareholders of Wynn Resorts Ltd. will receive a $6 per share dividend on Dec. 4, the company announced Monday.
Gaming analysts said the dividend may be related to the company's sale earlier this year of a subconcession to operate a casino in Macau, China. Wynn Resorts sold the ... (read more)
Mergers and acquistions: New bid for Riviera parent14 November 2006
LAS VEGAS, Nevada -- A New York developer who is spearheading construction of a Strip hotel and condominium project has joined forces with a New York-based asset management firm in an attempt to acquire Riviera Holdings Corp., it was announced Monday.
Bruce Eichner, who is building the $1.8 billion Cosmopolitan next to Bellagio, and D.E. ... (read more)
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