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Howard Stutz Gaming Guru - Page 313Vegas visitation reaches all-time August high13 October 2006
LAS VEGAS -- The Las Vegas tourism industry roared to life after a three-month slide in visitor numbers with the area's strongest August on record.
More than 3.3 million visitors came to the valley during the month, a 2.7 percent increase compared with 3.2 million visitors in August 2005, according to ... (read more)
Residents see Aliante Station site plans12 October 2006
LAS VEGAS, Nevada -- From her backyard facing northeast, Karolyn Shields can gaze out toward the Sheep Mountain Range across the Las Vegas Beltway through the sprawling Aliante development.
So when Station Casinos announced plans to build the $600 million Aliante Station in the North Las Vegas ... (read more)
Bid for Harrah's tops $15.5 billion12 October 2006
LAS VEGAS, Nevada -- A higher bid by two private equity firms seeking to purchase casino giant Harrah's Entertainment didn't surprise gaming analysts, who said Wednesday the initial bid of $81 per share was too low.
The New York Times, citing unidentified sources close to the negotiations, reported ... (read more)
Nevada gaming revenue: Downtown dims11 October 2006
NEVADA -- While the revenue earned by Strip casinos continues to feed Nevada's record-pacing year, downtown gambling halls are heading in the opposite direction.
The closure of the Lady Luck and renovations at Fremont Street casinos were the primary reasons cited for the more than 14 percent drop in ... (read more)
Harrah's passes on Singapore bidding10 October 2006
SINGAPORE -- Harrah's Entertainment officially ended its 20-month-long quest to build a casino in the city-state of Singapore, announcing Friday that it would not submit a bid proposal for a site at Sentosa Island.
The Las Vegas-based casino operator said the decision, made jointly with its ... (read more)
Gambling issues scarce on ballots10 October 2006
RHODE ISLAND -- Harrah's Entertainment executives hope the electorate in Rhode Island will have gambling on its mind as it heads to the polls next month.
Political pundits say the war in Iraq, fluctuating gasoline prices and homeland security are voters' foremost concerns this midterm election season. ... (read more)
Nevadan at work: 'Green power' advocate helps shape CityCenter10 October 2006
Call Rose McKinney-James a power player.
Her decade-long advocacy efforts in promoting the use of renewable energy resources -- such as solar and wind technology -- may have rubbed off on the designers of MGM Mirage's Project CityCenter. The $7 billion development was recently awarded a Leadership in Energy and Environmental Design certification by the U.S. ... (read more)
Ameristar Casinos Raises Q3 Earnings Estimates6 October 2006
LAS VEGAS -- Las Vegas-based Ameristar Casinos on Thursday upgraded its expected financial performance for the third quarter, a sign to gaming analysts that the sector could be reporting good news as quarterly earnings are rolled out later this month.
Ameristar, which operates regional casinos in ... (read more)
Harrah's Plan for Singapore in Jeopardy?5 October 2006
LAS VEGAS -- The first casualty stemming from this week's massive buyout offer for Harrah's Entertainment may be the company's proposal to build a casino in Singapore.
In a brief statement Wednesday, Harrah's said the casino operator would examine its bid to build a hotel-casino in the city-state's Sentosa Island region. ... (read more)
Mergers and Acquisitions: Waiting Starts After Bid4 October 2006
LAS VEGAS, Nevada -- As the dust settled Tuesday around the massive buyout offer for Harrah's Entertainment, analysts speculated that nothing would change for the world's largest casino operator until company directors decide what to do with the $15 billion proposal.
Texas Pacific Group and Apollo Management have offered to buy all Harrah's Entertainment's stock for $81 a share. ... (read more)
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