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Howard Stutz Gaming Guru - Page 348Casino Management: Boyd's New Boss Embraces Role7 March 2005
Boyd Gaming Corp. is coming off a year in which the company reported record earnings, bought out a rival casino operator and had its stock price soar to an all-time high.
So it's natural to suspect incoming President Keith Smith might feel pushed to continue Boyd's upward climb.
But Smith, 44, ... (read more)
Casinos' Work Force Numbers Dip4 March 2005
NEVADA -- More than 416,000 new jobs were created in Nevada over a 10-year period, but the state's hotel-casino industry accounted for only 12.7 percent of those positions, an economic impact study conducted for the Nevada Resort Association shows.
"The association is sending the report, "The Facts ... (read more)
Mandalay Has Low-Key Goodbye4 March 2005
LAS VEGAS -- With little fanfare and the absence of a conference call with analysts, Mandalay Resort Group gave its fond farewell as a public company Thursday, announcing fourth-quarter and fiscal year earnings with a simple statement devoid of comments.
The company, which will become part of MGM Mirage ... (read more)
A Tale of Two Kinds of Companies2 March 2005
A lesson to be taken away from February's performance of Nevada's major gaming company stocks was that it's good to be a casino operator.
For gaming equipment manufacturers, it's another story.
The share prices for most of the major casino operators closed on high notes for the month, with some companies nearing or surpassing their 52-week highs. ... (read more)
Gambling Beyond Nevada: Casino Groups Pursue Singapore1 March 2005
Nevada's major casino companies all submitted bids Monday to develop a resort in Singapore that will include gaming to lure tourists to the island-state.
Wynn Resorts Ltd., MGM Mirage, Harrah's Entertainment and Las Vegas Sands Corp. were among the gaming companies that submitted proposals to ... (read more)
Aladdin, Culinary to Begin Contract Talks1 March 2005
Representatives of the Aladdin and Culinary Local 226 will begin negotiating a contract today that will cover about half of the Strip resort's total employees.
Sessions are scheduled for both today and Wednesday and are being planned through April if necessary, Aladdin spokeswoman Amy Sadowsky ... (read more)
Nevadan At Work: Tjeerd Brink; Director of Finance, Palms28 February 2005
While he is a member of the executive team that oversees the Palms, you won't find Tjeerd Brink, the resort's finance director, hanging out at one of the property's trendy clubs or restaurants.
On most weekends, Brink, 41, is more likely on one of the Las Vegas Valley's many soccer fields, ... (read more)
Nevada Gaming Commission Approves MGM Mirage-Mandalay Merger25 February 2005
LAS VEGAS -- While it was clear from the outset of Thursday's Nevada Gaming Commission hearing that MGM Mirage's $7.9 billion buyout of the Mandalay Resort Group was going to be approved, state regulators wanted to spell out their concerns about the anti-competitive aspects of the transaction more stringently than the Federal Trade Commission. ... (read more)
Temporary Trump Building to Cost $3 Million24 February 2005
LAS VEGAS -- At a cost of $3 million, the sales information center and model complex for the proposed Trump International Hotel and Tower Las Vegas might be the most expensive temporary building on the Strip.
While it's intended to be the marketing center for Donald Trump's first Las Vegas project, its ... (read more)
MGM Mirage-Mandalay Merger: Buyout Gets Control Board's OK23 February 2005
LAS VEGAS -- MGM Mirage's $7.9 billion buyout of the Mandalay Resort Group moved a step closer to completion Tuesday as Nevada gaming regulators granted preliminary approval to the creation of a 28-casino company that will employ more than 75,000 workers, 90 percent of whom will be based in ... (read more)
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