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Howard Stutz Gaming Guru - Page 346

Howard Stutz
 
 

MGM-Mandalay Merger Enters Final Chapter

14 April 2005
LAS VEGAS -- The final chapter in MGM Mirage's $7.9 billion buyout of Mandalay Resort Group begins today when company officials meet with Illinois gaming regulators to formulate a process concerning one of the smaller pieces of the overall transaction. At issue is Mandalay's 50 percent ownership in ... (read more)
 

Nevada Gaming Commission: Moran Resigns After Nine Months

13 April 2005
Nine months into a four-year term as a member of the Nevada Gaming Commission, Las Vegas attorney John Moran Jr. resigned effective April 22, saying he was considering a run for lieutenant governor. A Democrat, Moran's appointment last year by Republican Gov. Kenny Guinn to the $40,000 a year part-time ... (read more)
 

Award-Winning Architect's Firm Tapped to Design CityCenter Hotel-Casino

12 April 2005
The architect responsible for the 1,483-foot Petronas Towers in Malaysia and numerous award-winning structures throughout the United States will design the primary component of MGM Mirage's $4.7 billion Project CityCenter. Cesar Pelli, a Connecticut-based architect whose firm, Cesar Pelli & ... (read more)
 

Nevada Economy: Gaming Win Up in February

11 April 2005
February's gaming win by Nevada casinos wasn't the double-digit increase from a year ago, but the $909.5 million collected from gamblers was still respectable in casino watchers' eyes. The figure, the single largest amount ever won by the state's casinos in the month of February, was a 3.77 ... (read more)
 

Caesars' New Road Show

6 April 2005
No one will confuse the Forum Shops at Caesars with the Valley Auto Mall, but luxury car shoppers will soon have plenty of opportunity to kick some tires at the Strip shopping plaza. Caesars Palace will open an exotic and specialty car dealership Friday, about 20 days ahead of the neighboring Wynn ... (read more)
 

Former Flamingo Boss Named New York-New York President

5 April 2005
MGM Mirage on Monday named Lorenzo Creighton as president of the company's NewYork-New York property. Creighton's appointment was the first of what MGM Mirage foresees as many executive appointment announcements linked to its $7.9 billion buyout of Mandalay Resort Group. Creighton has 10 years of casino operations experience. ... (read more)
 

Lawsuit Alleges Sexual Torment

5 April 2005
The Equal Employment Opportunity Commission has filed a lawsuit in federal court against Caesars Palace, claiming six of the Strip resort's female kitchen workers were sexually harassed by supervisors over a two-year period and that the hotel's management retaliated against the employees for complaining. ... (read more)
 

Furniture Showcase Expanding

4 April 2005
One month before completion of the World Market Center's first phase, officials from the furniture showcase near downtown Las Vegas announced Friday the facility is growing and will now include 12 million square feet of exhibit space. The cost of the project has also grown to $2 billion. The expansion ... (read more)
 

Gambling Beyond Nevada: A Big Deal With Little Fanfare

4 April 2005
The multibillion dollar corporate buyouts that will reduce Nevada's four gaming industry giants to two has sparked a multitude of analysis from investment houses and pages of copy from the financial media. But a third such merger, taking place far away from the lights of the Strip featuring two ... (read more)
 

Wynn Rhapsodizes About Projects

29 March 2005
LAS VEGAS -- As Steve Wynn was preparing Thursday to address the Nevada Gaming Commission at the licensing hearing for his $2.7 billion Wynn Las Vegas, he was overcome by historical perspective. Wynn first appeared in front of the commission in 1967 when he was 25 years old, and the city's ... (read more)

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