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Howard Stutz Gaming Guru - Page 316Recovering From Katrina: Coming Inland, Prospering in Biloxi5 September 2006
BILOXI, Mississippi -- In the days following Hurricane Katrina, state officials and gaming authorities assessed the damage the storm inflicted on the Gulf Coast's lucrative casino industry.
It became clear to many that a controversial step had to be taken; moving the casinos away from the shoreline onto ... (read more)
Casino Industry: Harrah's Continues Expansion1 September 2006
LAS VEGAS -- Las Vegas-based Harrah's Entertainment, which previously announced plans to build casinos in Spain and Slovenia, is looking at a further European expansion with an announcement Thursday that it is acquiring London Clubs International for $530 million.
The transaction, in which Harrah's ... (read more)
Beau of the Ball30 August 2006
BILOXI, Mississippi -- When she read that Beau Rivage, the Gulf Coast's largest casino, would be reopening Tuesday, Barbara Hunt extended her vacation in Jacksonville, Fla., by a day before heading home to Houston.
The lure of more than 2,100 new slot machines was hard to resist and Beau Rivage is just a short detour south from westbound Interstate 10. ... (read more)
Officials Imagine New Look for Gulf30 August 2006
BILOXI, Mississippi -- As the state's largest casino roared back to life, Mississippi's top elected leaders reiterated that the coastal region would never be the same.
But they believe different will be better.
The reopening of MGM Mirage's Beau Rivage on Tuesday, one year after Hurricane Katrina ... (read more)
Gaming in the Gulf: Biloxi Bounces Back28 August 2006
BILOXI, Mississippi -- When Larry Gregory heard last fall that MGM Mirage planned to reopen the storm-ravaged Beau Rivage exactly one year after Hurricane Katrina laid waste to the Gulf Coast's casino industry, the executive director of the Mississippi Gaming Commission gave a private chuckle.
No way, ... (read more)
$12 Million Prize: Poker Champion's Riches Challenged28 August 2006
NEVADA -- The newly crowned World Series of Poker champion has found himself in another heads-up competition, only this time the venue is the Regional Justice Center and the stakes are half of his main event prize money.
A British television producer now living in Los Angeles has sued Jamie Gold in ... (read more)
Lawyers: Wynn Tip Decision is Legal24 August 2006
LAS VEGAS, Nevada -- Dealers at Wynn Las Vegas have universally voiced their displeasure over the casino's plans to restructure tip distribution that will cut their wages between 10 and 20 percent. Legally, however, they may have little recourse, labor law experts said Wednesday.
Starting Sept. ... (read more)
Riviera Holdings Holds Shareholder Vote24 August 2006
LAS VEGAS -- Riviera Holdings Corp. said Wednesday it will conduct a shareholder vote next week on a $426.5 million buyout offer from a privately held investment group after the company's board of directors said it did not have enough information to determine if an 11th-hour competing offer was ... (read more)
Aztar Will Sell Casino to Meet Buyout Deal's Terms22 August 2006
LAS VEGAS, Nevada -- The Tropicana's parent corporation has complied with a condition of its $2.75 billion buyout agreement with Columbia Sussex Corp., striking a deal last week to sell its small casino in Caruthersville, Mo., for an undisclosed price.
Phoenix-based Aztar Corp. agreed in May to be bought ... (read more)
Mississippi Casino Revenues Dip17 August 2006
MISSISSIPPI -- With seven hurricane-destroyed casinos still on the sidelines, revenues produced by Mississippi's gaming industry took another year-over-year dip in July, according to figures released Wednesday by the state's gaming regulators.
But clearing skies are on the horizon.
With only five ... (read more)
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