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Jeff Simpson Gaming Guru - Page 4Jeff Simpson on why Steve Wynn is happy to have a new neighbor on the Strip23 May 2007
AS VEGAS, Nevada -- I talked to an upbeat Steve Wynn on Friday afternoon, not long after he'd joined New Frontier owner Phil Ruffin for lunch.
Wynn had a few reasons for feeling good about Ruffin's $1.2 billion sale of the New Frontier and its 35-acre site to Israeli real estate baron Yitzhak Tshuva. ... (read more)
Jeff Simpson hears how tip sharing works, and works well, from an experienced hand30 April 2007
LAS VEGAS, Nevada -- If you believe the wailing and hand-wringing of dealers worried about the Wynn Las Vegas tip-sharing system, you'd think the plan was a direct assault, not just on dealers, but on the American way of life.
Wynn Las Vegas is stealing our tips, and if Steve Wynn isn't stopped, other casinos will copy his insidious system, they say. ... (read more)
Jeff Simpson has some good news and bad news for Wynn dealers who support a union16 April 2007
LAS VEGAS, Nevada -- For Wynn Las Vegas dealers interested in joining a union as a way to reverse the property's tip-sharing policy, there was good news and bad news last week.
The good news is that more than enough dealers signed cards tabbing the Transport Workers Union to represent them, and the dealers submitted those signatures to the National Labor Relations Board. ... (read more)
Jeff Simpson on why Trop workers are not in partying mood as resort marks 50th11 April 2007
Please pardon Tropicana workers if they aren't feeling festive despite last week's 50th anniversary of the run-down resort's opening.
They are suffering from the job insecurity that accompanies new Trop owner Columbia Sussex Corp.'s meat-ax approach to staffing, which has resulted in the loss of hundreds ... (read more)
Jeff Simpson on how the El Cortez is quickly becoming downtown's feel-good story of the year12 March 2007
AS VEGAS, Nevada -- Megaresort developments have become the norm on the Strip, and those multibillion-dollar investments have been dwarfed by recent casino industry mergers and acquisitions.
The numbers are dizzying, and I'll confess to having to think twice when I add nine or more zeroes to a number to quantify the scale of investment. ... (read more)
Jeff Simpson on a good, fair decision made by the Gaming Control Board5 March 2007
LAS VEGAS, Nevada -- I wanted to share a few impressions from last week's Gaming Control Board hearing that recommended approving Pansy Ho as a suitable business partner for MGM Mirage in Macau.
As far as I'm concerned, the Control Board made the right call. Sure, Pansy's father, Stanley Ho, has had some unsavory business associations. ... (read more)
Jeff Simpson on how to fix the appointments to the Gaming Control Board mess8 January 2007
Nevada gaming regulation suffered a black eye last week, and the blame goes to former Gov. Kenny Guinn and Gov. Jim Gibbons.
Guinn and Gibbons were each elected with significant backing from the casino industry, and both understand the critical importance of the state's highly regarded gaming regulatory system. ... (read more)
Jeff Simpson takes a look at the top casino takeover targets3 January 2007
LAS VEGAS, Nevada -- The growth and evolution of the casino business provide a steady flow of business news, and I expect more of the same in 2007.
Casino company consolidation has been a big trend in recent years, and there will likely be more mergers and acquisitions next year.
Aside from ... (read more)
Jeff Simpson shares Michael Gaughan with the happy cowboys at South Point18 December 2006
LAS VEGAS, Nevada -- South Point owner Michael Gaughan is a straight shooter. He doesn't waste a lot of words, and what he says, he means.
I had lunch with Gaughan at the South Point Cafe while the National Finals Rodeo was in town, and it was apparent how many people genuinely like him.
The ... (read more)
Jeff Simpson on why casino chief Steve Wynn reserves the right to change his mind11 December 2006
LAS VEGAS, Nevada -- Changing one's mind is sometimes portrayed as a sign of weakness - ask John Kerry or any other political candidate who has been hammered as a flip-flopper.
While the criticism often works in political sound bites, successful business leaders don't shy away from changing their minds when circumstances change or perspectives evolve. ... (read more)
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