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Howard Stutz Gaming Guru - Page 335Mississippi Tax Revenue Sinking21 October 2005
MISSISSIPPI -- Mississippi's tax coffers suffered the lingering effects of Hurricane Katrina as the state's tax revenue from gaming fell almost $10 million during September.
With 13 casinos from the Gulf Coast communities of Biloxi, Bay St. Louis and Gulfport knocked out of commission by the hurricane on Aug. ... (read more)
Aztar Results Mixed20 October 2005
LAS VEGAS – Another quarter, same results.
Aztar Corp. announced Wednesday the company had record cash flow in the third quarter and earnings per share increased 41.6 percent over the same time period a year ago.
But just as was reported during the company's second-quarter earnings, Aztar's aging ... (read more)
Gulf Coast Casino Revenue Hurt Heavily by Hurricanes19 October 2005
The hurricanes that ravaged the Gulf Coast also annihilated Louisiana's casino revenues for September, figures reported Tuesday by the state's Gaming Control Board show.
Prestorm evacuations and poststorm flooding caused the closure of casinos in two key Louisiana gaming markets. Heavy rains associated ... (read more)
Station Casinos Profits Exceed Analysts' Outlook19 October 2005
Are rising gasoline prices and other national economic trends causing Las Vegas consumers to curb their discretionary spending? Not at all, it seems, given Station Casinos' third-quarter earnings.
The casino company, which relies predominantly on leisure dollars from Southern Nevada residents for its ... (read more)
Las Vegas Sands Plans Nongaming Venture Near Macau18 October 2005
CHINA AND LAS VEGAS, Nevada -- Adding to its growing presence in the expanding Chinese tourism market, Las Vegas Sands Corp. signed an agreement with the city of Zhuhai to master plan a 1,300-acre parcel with nongaming attractions, such as resort villas, golf courses and a marina.
The destination, ... (read more)
Harrah's, AOL Sign Deal for Online World Series17 October 2005
Harrah's Entertainment has signed an agreement with America Online to create a cyberspace home for the World Series of Poker that will include free-play poker rooms, event updates and other content in an effort to widen the tournament's audience.
The relationship between Harrah's and AOL will also ... (read more)
All Shook Up17 October 2005
Elvis has left the building, at least for a short time.
When the Las Vegas Hilton began the initial phase of a planned five-year redevelopment and expansion of the aging off-Strip resort, a statue of singer Elvis Presley, who used to grace the Hilton showroom, was moved from its place at the property's ... (read more)
Columbia Sussex to Rename Caesars Tahoe11 October 2005
The Roman Empire has fallen in Lake Tahoe.
Columbia Sussex Corp., which purchased Caesars Tahoe in June for $45 million, announced Monday the property will be renamed MontBleu in an attempt to capture a theme that mirrors the character of Lake Tahoe.
"We're very conscious of the serene nature of ... (read more)
Pinnacle Reopens Louisiana Casino11 October 2005
Las Vegas-based Pinnacle Entertainment reopened portions of its casino in hurricane-ravaged St. Charles, La., over the weekend and hopes to have the entire $365 million property operating by this week.
Three of Pinnacle's Gulf Coast casinos were closed over the past two months because of hurricanes. ... (read more)
Online Wagering Violates Laws, U.S. Says11 October 2005
WASHINGTON, DC -- It is illegal for an American company to operate an Internet poker site in the United States, according to the U.S. Department of Justice. There is no prohibition, however, against wagering on the sites, said Las Vegas attorney Tony Cabot, who has followed Internet gaming law since its inception. ... (read more)
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