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Jennifer Robison Gaming Guru - Page 8Harrah's Buyout Price Could Go Up3 October 2006
The price tag on a massive buyout offer to take Harrah's Entertainment private could go higher in coming weeks, analysts said Monday.
Private-equity firms Texas Pacific Group and Apollo Management on Monday offered $81 a share, or more than $15 billion, to buy Harrah's.
But Joe Greff, a gaming analyst with Bear Stearns, set a "fair value range" for Harrah's of as much as $85 a share. ... (read more)
Strip Land Deal: Harrah's, Boyd Swap Plots3 October 2006
LAS VEGAS, Nevada -- Two of the city's biggest gaming operators have struck a strategic land deal key to their future growth.
Harrah's Entertainment and Boyd Gaming Corp. said Monday they will swap two key Strip parcels in a tax-deferred exchange that will enable each company to expand their ... (read more)
Designs for Terminal 3 Near11 September 2006
LAS VEGAS, Nevada -- Those multibillion-dollar megaresorts on the Strip get all the attention.
But in the next half a decade, it's a massive building project at McCarran International Airport that millions of visitors to Las Vegas will see first when they arrive.
Planners are wrapping up designs of ... (read more)
Nevada Agency Targets New Jersey Companies18 August 2006
NEVADA -- An agency bent on economic diversification is diversifying its recruiting pitch.
The Nevada Development Authority, known for cheeky advertising campaigns that take pot shots at California's business climate, is reaching across the continent in a bid to capture some of New Jersey's prized ... (read more)
The CityCenter of Attention27 June 2006
As Bill McBeath sees it, the last thing Las Vegas needs is another hotel-casino.
And on Monday, McBeath, president and chief operating officer of MGM Mirage's Bellagio, showed media and gaming-industry watchers just how far beyond the traditional Strip-resort concept his company is going with its $7 ... (read more)
Westward Ho Site Could Join Mixed-Use Craze21 June 2006
LAS VEGAS, Nevada -- Just months after it bought the Westward Ho on the Strip, Centex Destination Properties has ceded most of the property to a partner involved in the purchase.
And plans for the site have shifted from a high-rise condominium project to a $1.8 billion mixed-use resort tentatively set to ... (read more)
McCarran Passenger Count Still Soaring30 May 2006
Like the planes that fly out of McCarran International Airport, passenger counts at McCarran continue to head sky-high.
Nearly 3.9 million travelers made their way through McCarran in April, a 4.8 percent increase over the 3.7 million flyers who used the airport in April 2005.
Rosemary Vassiliadis, ... (read more)
Tropicana to Remain Open14 March 2006
LAS VEGAS -- Employees and customers alike were pleased to learn that the Tropicana, long the subject of tear-down rumors, will remain open for at least two more years.
"I'm happy they're keeping it open because we have so many customers who love this place and come steadily," said a food and ... (read more)
Barden Plans Expansion After Fitzgerald Acquisition24 February 2006
LAS VEGAS -- Signs in the parking garage at Fitzgeralds in downtown Las Vegas exhort customers to "have a lucky day."
"For Barden Nevada Gaming, the 638-room hotel-casino has certainly brought good fortune.
Barden Nevada, a subsidiary of Detroit-based Barden Cos., has invested "millions" in ... (read more)
Seeing Las Vegas: Las Vegas Means Leisure to Visitors20 February 2006
They're the big questions among local operators in gaming and tourism.
Why do people visit Las Vegas? Why do they return? Are the city's hotel rooms and restaurants getting too expensive to sustain growth in the market? Will rising travel costs keep consumers away?
A nationwide telephone survey ... (read more)
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