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Howard Stutz Gaming Guru - Page 333Aid Over For Staff At Beau Rivage6 December 2005
MISSISSIPPI -- After today, MGM Mirage will no longer pay wages and benefits to the displaced employees from the company's hurricane-shuttered Beau Rivage casino in Biloxi, Miss.
The 90-day program in which the Las Vegas-based casino operator agreed to pay the resort's 3,100 employees their lost paychecks expired. ... (read more)
Fallout From Hurricanes: Harrah's Trims Jobs5 December 2005
Las Vegas-based Harrah's Entertainment laid off most of its 9,400-person Gulf Coast casino work force this week, three months after devastating hurricanes halted operations at five of the company's casinos in Louisiana and Mississippi.
In letters to displaced employees, Harrah's said the workers ... (read more)
Casino Stocks Rebound1 December 2005
MISSISSIPPI -- After a three-month slide gaming stocks rebounded in November, shaking off the effects of Gulf Coast hurricanes and higher fuel prices.
Most of the major casino companies saw their average daily stock prices experience double-digit, month-over-month percentage increases.
"From the ... (read more)
Harrah's Reveals Spanish Casino Plans1 December 2005
SPAIN --If it's Wednesday, then it must be Spain.
Harrah's Entertainment Chairman Gary Loveman racked up the frequent flier mileage in November, concluding the month by announcing the company plans to co-develop a Caesars casino resort in the master-planned El Reino community of Ciudad Real, 118 miles ... (read more)
Icahn-Controlled Company Buys Flamingo Laughlin for $170 Million30 November 2005
The gaming arm of the Carl Icahn-controlled American Real Estate Partners announced Tuesday it had bought the Flamingo Laughlin from Harrah's Entertainment for $170 million.
American Real Estate Partners, owners of the Stratosphere and two Arizona Charlie's casinos in Las Vegas and the Sands in ... (read more)
Shaking Off Storm, Alliance Holds Private Peek at Games30 November 2005
Gulf Coast casino operators sustained a double-whammy from Hurricane Katrina. Not only did they lose most of their gaming equipment in the Aug. 29 storm, they missed the Global Gaming Expo in Las Vegas two weeks later.
This week, however, the operators got their own version of the gaming expo.
On Monday, Alliance Gaming Corp. ... (read more)
Gambling: Give Yourself a Hand28 November 2005
After investing millions of research dollars into developing a wireless hand-held device for bond and securities traders, executives from Cantor Fitzgerald LP, a New York-based financial services company, realized the technology could be applied to other businesses.
Nevada casino customers may soon ... (read more)
Boyd Gaming Thinking Fewer Is Better22 November 2005
Boyd Gaming Corp. officials believe a recent one-day seminar geared toward its suppliers broke new ground in helping vendors gain insight into how they can better provide goods and services to the company's 12 Nevada casinos, which will include the $600 million South Coast in late December.
At the ... (read more)
Aftermath of Hurricane Katrina: Casino Lands New Home21 November 2005
EDITOR'S NOTE -- Review-Journal reporter Howard Stutz and photographer John Locher recently visited the hurricane-ravaged Gulf Coast region to examine the effect on the gaming industry. This is the last in a weeklong series of articles looking at how the industry and its employees are dealing with the ... (read more)
Reorganization Approved For Las Vegas Hilton Ownership18 November 2005
NEVADA -- Nevada gaming regulators took less than 15 minutes Thursday to approve a corporate reorganization of the Las Vegas Hilton's ownership in which the property and five other Colony Capital casinos will be situated under the privately held Resorts International banner.
The move gives the Colony ... (read more)
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