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Jeff Simpson Gaming Guru - Page 10Harrah's Confident Deal Will Close8 March 2004
The sale of Binion's Horseshoe to West Virginia-based MTR Gaming Group is expected to close Tuesday despite a last-minute $1.805 million bid by former state Sen. Bill O'Donnell on a small piece of property underneath the Fremont Street property in downtown Las Vegas, a Harrah's Entertainment Inc. ... (read more)
Barrick Gaming Discloses Major Investment Plan3 March 2004
LAS VEGAS -- The state Gaming Control Board today recommended approval for Barrick Gaming Corp.'s purchase of most of Jackie Gaughan's downtown Las Vegas real estate assets, including four hotel-casinos.
During this morning's proceedings, Barrick Gaming owners David Barrick and Stephen Crystal said ... (read more)
Venetian Settles Complaint Over Rigging of Contest25 February 2004
Rigging a 2002 contest to make sure a losing gambler won a Mercedes-Benz and violating other state rules will cost The Venetian $1 million, as the Strip megaresort agreed to a settlement this morning with state regulators, settling a 12-count Gaming Control Board complaint.
The complaint filed ... (read more)
Latino Theme Eyed as Possibility for Castaways25 February 2004
LAS VEGAS -- The Castaways would be transformed into Las Vegas' first hotel-casino marketed directly to Hispanics if a trio of small casino operators exercise an option to buy the 49-year-old property.
Randy Miller, Rich Iannone and Rich Gonzales, the owners of the Bighorn casino in North Las ... (read more)
Las Vegas Lifts Gaming Stocks24 February 2004
The power of the Las Vegas casino business is driving gaming industry stocks to near-record heights, industry experts said Monday.
Nevada-based casino operators and slot manufacturers are enjoying peak stock prices because investors understand the gaming industry's key fundamentals, two top Strip ... (read more)
Companies Team Up on Binion's Horseshoe Purchase20 February 2004
LAS VEGAS -- Don't write off the name "Binion's" too soon.
That will be the eventual name for downtown's Binion's Horseshoe if MTR Gaming Group's deal to buy the hotel-casino is approved by Nevada gaming regulators, MTR Chief Executive Ted Arneault said today.
West Virginia-based MTR Gaming, a ... (read more)
Closed Casino: Castaways Likely Finished3 February 2004
LAS VEGAS -- The Castaways is unlikely to reopen, Las Vegas casino industry executives predicted on Monday after the 49-year-old hotel-casino was sold to Vestin Mortgage, the property's biggest creditor.
Vestin was the lone bidder in Monday morning's foreclosure auction held in the lobby of Vestin's ... (read more)
Castaway Employees Get Help2 February 2004
LAS VEGAS -- When the 49-year-old Castaways closed Thursday afternoon after a couple of years of
bleeding investors' and creditors' money, its 800 or so workers faced the loss of
their incomes and daily routines.
But the same coalition of groups that helped Binion's Horseshoe workers find work ... (read more)
Golden Nugget Takeover Approved23 January 2004
LAS VEGAS -- Two weeks after their trial by ordeal at the hands of the Nevada Gaming Control
Board, Tim Poster and Tom Breitling received approval from the Nevada Gaming
Commission on Thursday for their $215 million takeover of the downtown and Laughlin
Golden Nugget hotel-casinos.
The ... (read more)
Drought Won't Change Water Park Plans22 January 2004
LAS VEGAS -- Don't bet on the drought prompting Las Vegas casino developers to quit building
water-themed resorts, industry experts said Wednesday.
Water is crucial to the atmosphere that tourists crave, and Bellagio's lake and
fountains, The Venetian's canal and Treasure Island's Buccaneer Bay are ... (read more)
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