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Jeff Simpson Gaming Guru - Page 12Coast Chief Rethinks Initial Stock Offering7 January 2004
Coast Casinos may resurrect its plan to offer public shares of the company's stock, Chairman Michael Gaughan said Tuesday.
"Maybe we'll look at (an IPO) this summer and fall," Gaughan said. "Depending on the economy and the market, I might be interested."
Gaughan said in mid-2002 that plans to offer ... (read more)
Private Salons: Plenty of Good Seats Are Available6 January 2004
Not one high-rolling gambler played in the Strip's three private casinos between March 1 and Nov. 30, the Gaming Control Board reported Monday.
The private casinos, called "international gaming salons" by state regulators, have won only $3.5 million since the first one opened at the MGM Grand in ... (read more)
Cannery Going Strong After First Year5 January 2004
First-year performance at the Cannery was strong enough that the property now has plans for a multiscreen movie theater, additional casino space and a parking garage, owners Bill Wortman and Bill Paulos said Friday.
Business has continually improved after a slower-than-hoped-for start blamed on ... (read more)
Golden Nugget Buyers Face First License Vote Wednesday5 January 2004
The Golden Nugget will likely change hands in about three weeks, as Nevada gaming regulators are slated to consider the prospective buyers' license applications at meetings in Las Vegas on Wednesday and Jan. 22.
Poster Financial Group's $215 million deal to buy the Golden Nugget -- downtown's most ... (read more)
Nevadan At Work: Cheryl Fish - Vice President, MGM Mirage Events5 January 2004
LAS VEGAS -- The woman who stages important parties, weddings and other special events for Bellagio, MGM Grand, The Mirage, Treasure Island and New York-New York is a big advantage for the company, they say.
"Cheryl Fish and her team at MGM Mirage Events are a significant plus for Bellagio," said Randy Morton, Bellagio vice president of hotel operations. ... (read more)
Horseshoe May Be Shopping Series31 December 2003
LAS VEGAS -- Binion's Horseshoe's financial problems are apparently driving the 52-year-old downtown gambling hall to try to sell the property's most valuable assets, including the rights to the granddaddy of poker tournaments, the World Series of Poker, sources said.
"They've been cold-calling, asking if ... (read more)
Here's a Sure Bet: Those New Table Games Favor the House29 December 2003
LAS VEGAS -- It's no coincidence that a couple of the biggest recent changes in Las Vegas table-game pits make some of those games even tougher to beat, industry experts said.
The tightening up of table-game rules and payouts makes it clear that the Strip is no longer the best place to place a bet, at ... (read more)
More Signs of Bad Times at Horseshoe23 December 2003
LAS VEGAS -- In what casino industry observers believe is a sign of a near-term sale or closure of Binion's Horseshoe, the husband of property owner Becky Binion Behnen has asked state regulators to withdraw his gaming license application.
Behnen's spouse, Nicholas "Nick" Behnen, applied to the Gaming Control Board for a "key employee" license on Feb. ... (read more)
Harrah's Showing Interest in Purchasing Horseshoe Brand22 December 2003
Harrah's Entertainment's interest in buying the Horseshoe brand name led to recent talks between the company and Binion's Horseshoe, Harrah's executives said Friday.
Binion's, which owns the Horseshoe brand in Nevada, has talked with Harrah's lawyers about the sale of the brand, which Harrah's Chief ... (read more)
Wynn, California Tribal Casinos Key to Las Vegas Economy17 December 2003
LAS VEGAS -- The profitability of Wynn Las Vegas and the continuing transformation of the
California tribal casino market are the biggest question marks facing the Las Vegas
economy, the state's top gaming economist said Tuesday.
Addressing the Governor's Conference on Tourism at Caesars ... (read more)
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