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Jeff Simpson Gaming Guru - Page 11Boyd Gaming Agrees to Purchase Riverboat Casino from Harrah's21 January 2004
Las Vegas-based Boyd Gaming on Tuesday evening announced a $190 million deal to buy Harrah's Shreveport riverboat in northwestern Louisiana, a deal company executives believe adds a solid cash-producing casino at an attractive price.
The deal is also a plus for Harrah's Entertainment, that company's ... (read more)
Golden Nugget Bid Extension Expected21 January 2004
Wall Street worry about one-year limitations on gaming licenses for the prospective owners of the Golden Nugget is expected to prompt the buyers' lawyers to ask the Nevada Gaming Commission on Thursday to extend the limitations to four years, industry insiders said.
Moody's last week downgraded its ... (read more)
Casino Closing: Horseshoe Employees Getting Aid20 January 2004
LAS VEGAS -- While executives continued talks Monday to complete Harrah's $50 million deal to buy Binion's Horseshoe, more than 200 of the closed casino's workers sought assistance from Nevada Partners and the Culinary Training Academy.
Lawyers for Harrah's Entertainment and Binion's owner Becky ... (read more)
The Horseshoe Closing: Blame Becky19 January 2004
LAS VEGAS -- Becky Binion Behnen's 5 1/2-year stint as owner of Binion's Horseshoe was a disaster, industry experts agreed.
What was once a dynamic gambling hall, a place that won money faster than any downtown casino not named Golden Nugget, is now closed, the victim, experts said, of massive incompetence.
... (read more)
Binion Employees Get Support15 January 2004
LAS VEGAS -- While Binion's Horseshoe's now-jobless work force waits for word on the fate of their
downtown hotel-casino, the Culinary union and the state Department of Employment,
Training and Rehabilitation are joining to provide help and answers to workers.
Questions about who will ... (read more)
To The Rescue: Harrah's to Buy Horseshoe13 January 2004
Las Vegas Gaming Wire
LAS VEGAS -- It's Harrah's Entertainment to the rescue.
Three days after federal marshals closed the 52-year-old Binion's Horseshoe and seized more than a million dollars to help settle its debts, Harrah's on Monday evening announced a deal to buy the hotel-casino from owner ... (read more)
Casino In Debt: Binion's Forced to Close12 January 2004
and Carri Geer Thevenot
Deputy U.S. marshals entered Binion's Horseshoe late Friday armed with two court orders authorizing them to seize up to $1.9 million in cash from the casino, an action that forced the closure of the 52-year-old property's casino.
Richard Winget, the U.S. marshal for Nevada, said U.S. ... (read more)
Lobbyist Warns of 'taxfest' on Casinos12 January 2004
The recent "taxfest" on casinos will prove counterproductive, the casino industry's top lobbyist warned lawmakers from gaming states on Friday.
Frank Fahrenkopf, head of the Washington, D.C.-based American Gaming Association, cited Illinois, which raised its top marginal tax rate to 70 percent, and ... (read more)
Binion's Horseshoe: Casino to Remain Closed12 January 2004
LAS VEGAS -- Unable or unwilling to raise the money required to maintain her casino bankroll, Binion's Horseshoe owner Becky Binion Behnen agreed Saturday to keep her casino closed.
Her deal, approved by an emergency Saturday afternoon meeting of the Nevada Gaming Commission, requires Behnen to keep the ... (read more)
Limitation Placed on Golden Nugget License8 January 2004
LAS VEGAS -- Concern about the relationship of strip-club owner Rick Rizzolo to prospective Golden
Nugget buyers Tim Poster and Tom Breitling prompted the Gaming Control Board on
Wednesday to tack a one-year limitation on the duo's license recommendation.
The three-member panel voted 3-0 to ... (read more)
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