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Jeff Simpson Gaming Guru - Page 5Jeff Simpson talks to an upbeat Steve Wynn about good times for his resort properties4 December 2006
LAS VEGAS, Nevada -- Steve Wynn was feeling very good about Wynn Resorts when I met with him last week at Wynn Las Vegas.
In a two-and-a-half hour interview, we discussed how his company is doing in Las Vegas and Macau, and Wynn's plans for the future, among other things.
Wynn Las Vegas continues to perform exceptionally well. ... (read more)
Jeff Simpson sees good signs in local casino operators' confidence in their businesses28 November 2006
LAS VEGAS, Nevada -- Nevada's biggest and best casino operators seem to have more confidence in the value of their businesses than Wall Street investors.
Last week's announcement that Kirk Kerkorian plans to significantly add to his majority stake in MGM Mirage is the most recent indication that the men ... (read more)
Jeff Simpson has talk with Steve Wynn about a wide range of gaming issues here and abroad21 November 2006
LAS VEGAS, Nevada -- Steve Wynn seemed amused last week when I asked him about recent East Coast news reports that suggested a Wynn Resorts deal with real estate developer and Atlantic City casino mogul Donald Trump was about to take place.
"I don't have any deal with anybody in Atlantic City," Wynn said by phone from Macau. ... (read more)
Jeff Simpson on how Red Rock Resort is fulfilling Fertittas' lofty expectations for profitability6 November 2006
I hope anyone who doubted the Brothers Fertitta when they ponied up almost a billion dollars to build their Red Rock Resort has come to his senses.
Last week, Station Casinos reported Red Rock Resort's first full quarter of results since it opened in April. The luxury locals property has already ... (read more)
Jeff Simpson shares some final Stardust thoughts with Bill Boyd1 November 2006
LAS VEGAS, Nevada -- Boyd Gaming Corp. Chairman Bill Boyd is a low-key kind of guy.
When he discusses memories from his two decades-plus as owner of the Stardust, he doesn't shed crocodile tears. But there's no mistaking his appreciation of the property that took him into the casino industry's big leagues - most notably his affection for Stardust employees, folks he considers family. ... (read more)
Jeff Simpson on why Michael Gaughan is glad to be running the South Point31 October 2006
Michael Gaughan is finally back doing what he likes, running a casino.
After having liquidated his Boyd Gaming holdings in exchange for the South Coast, Gaughan told me last week that he is glad to be at the helm of the property, which he has renamed South Point.
He's already changing property signs and billboards, and he has a number of other changes up his sleeve. ... (read more)
Jeff Simpson on why gambling in grocery and convenience stores is wrong23 October 2006
It's no surprise that slot bars and convenience store owners are emptying their tills in an effort to defeat Question 5 and pass Question 4 on the Nov. 7 ballot.
Question 5, the Clean Indoor Air Act, would ban smoking in almost every indoor public area except for casino floors. To take effect, Question 5 ... (read more)
Jeff Simpson on the importance of employment diversity in the casino industry16 October 2006
LAS VEGAS, Nevada -- Harrah's Entertainment Chairman and Chief Executive Gary Loveman told me Thursday that he expects his company to soon publicly release its diversity numbers.
I talked with Loveman before Thursday's diversity breakfast at a joint meeting of the Urban, Latin and Asian chambers of commerce at the MGM Grand. ... (read more)
Jeff Simpson on Harrah's Entertainment buyout offer and the draw of online poker10 October 2006
here's a lot of mystery surrounding the $15 billion Harrah's Entertainment buyout offer, and with company executives and the two private equity firms that made the epic bid keeping quiet, it may be awhile before the fog lifts.
My best guess - and this is pure speculation - is that Harrah's Chief ... (read more)
Jeff Simpson on How Harrah's Massive Project at Center Strip is Going to Take More planning Than Originally Thought26 September 2006
What should be the biggest business news story of the year in Las Vegas is now expected to be announced a little later than originally planned. Harrah's Entertainment's mammoth redevelopment of the Center Strip area was set to be announced by the end of this month, but all of the details are yet to be finalized. ... (read more)
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