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Howard Stutz Gaming Guru - Page 321Las Vegas Sands Gets Loan for Macau2 June 2006
LAS VEGAS -- Las Vegas Sands Corp. has secured a $2.5 billion financing package to fund its gaming projects in Macau. Analysts consider the loan, which comes from six different banks, to be the largest single credit facility ever given to a nongovernment entity in China.
The loaned money will be used ... (read more)
Boyd Plans 1,500 Slots for Florida Casino1 June 2006
LAS VEGAS -- Las Vegas-based Boyd Gaming Corp. jumped into the middle of the Florida gambling debate, agreeing Wednesday to buy a privately owned Fort Lauderdale jai alai fronton and its adjacent 50 acres for $152.5 million.
The jai alai fronton, which offers poker and pari-mutuel wagering on dog ... (read more)
Las Vegas Sands Shares Get Boost1 June 2006
LAS VEGAS --Shares in Las Vegas Sands Corp. got a boost in value following last week's announcement the company was awarded the right to build a $3.6 billion casino and entertainment complex in Singapore.
The news also gave a bump to a local financial consulting firm's gaming industry stock ... (read more)
Investors May Turn to Sahara30 May 2006
LAS VEGAS, Nevada -- After a two-month, multibillion-dollar bidding war that focused all eyes on the south end of the Strip, attention has now reversed field 180 degrees north.
The Tropicana is off the market, claimed by Kentucky-based Columbia Sussex Corp. last week as part of a $2.75 billion buyout of Aztar Corp. ... (read more)
Gaming Outside Nevada: Singapore Picks Sands30 May 2006
LAS VEGAS AND SINGAPORE -- The news from Singapore was coming and Las Vegas Sands Corp. prepared for the worst.
The casino company learned late Thursday night that the Singapore government was about to award the right to build a potentially lucrative hotel-casino complex in the city-state's marina district. ... (read more)
Gambling Beyond Nevada : Just Like Vegas, Half a World Away29 May 2006
The first time he saw China's planned Cotai Strip development four years ago, Las Vegas Sands Corp. Chairman Sheldon Adelson thought the Chinese government was banishing him to some faraway no-man's land.
Much of the Cotai Strip was submerged under several feet of water. Engineers were just ... (read more)
Stratosphere Planning Nightclub Way, Way Up26 May 2006
LAS VEGAS, Nevada -- The Stratosphere is approaching the city about building a nightclub atop its centerpiece tower in place of the roller coaster, which was shut down in December.
Stratosphere executives were to present a site plan to the Las Vegas City Planning Commission on Thursday night. ... (read more)
Venetian About to Give Gamblers a Hand25 May 2006
LAS VEGAS, Nevada -- By year's end, Venetian customers could be the first in Nevada to gamble somewhere inside the casino using a wireless hand-held device.
An agreement between Las Vegas Sands Corp. and Cantor G&W, the first company licensed by Nevada gaming regulators to distribute mobile gaming ... (read more)
Most Americans Believe People Bet Beyond Their Means24 May 2006
Americans are wagering more dollars in casinos, at racetracks and through state lotteries, but they're not too happy about it, a survey released Tuesday by the Pew Research Center for the People and the Press suggests.
The study found that seven out of 10 people questioned believe that legalized gambling encourages folks to spend more money than they can afford on the activity. ... (read more)
Pinnacle Gets $78 Million Consolation Prize23 May 2006
LAS VEGAS, Nevada -- Pinnacle Entertainment ended Friday with an extra $78 million in the bank but without ownership of Aztar Corp.
Gaming analysts and Wall Street investors weren't upset at the outcome of the two-month Aztar bidding war, won by Columbia Sussex Corp.
The $78 million breakup fee paid to ... (read more)
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