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Liz Benston Gaming Guru - Page 11Gaming's bond ratings reflect past, not future28 July 2008
LAS VEGAS, Nevada -- A couple of weeks ago, major bond rating agencies downgraded credit issued by the major gaming companies, warning that the gambling business in Las Vegas is in trouble.
Though it made for dramatic headlines, experts say the actual effect of the ratings downgrades — which were based on ... (read more)
MGM Mirage chief upbeat25 July 2008
LAS VEGAS, Nevada -- MGM Mirage executives seem willing of late to go out on a limb, what with the company's chief executive proposing a controversial increase in the business payroll tax to shore up the state budget.
So it wasn't a complete surprise that MGM Mirage President and Chief Operating ... (read more)
Station refines art of hiring en masse25 July 2008
LAS VEGAS, Nevada -- In this economy, an employment center is an unlikely place to find an upbeat group.
Hunting for a job with large employers in Las Vegas, including big casinos preparing to open, can be an intimidating and discouraging process. An interview with a hiring agent isn't always ... (read more)
Dressing down: Web gambling's hallmark24 July 2008
LAS VEGAS, Nevada AND ONTARIO, Canada -- The long-running debate over whether to legalize Internet gambling has usually focused on its potential to be more addictive than gambling in a casino.
A new study by researchers at UNLV and the University of Western Ontario largely side-steps that issue and instead ... (read more)
A new way of wagering21 July 2008
LAS VEGAS, Nevada -- Imagine being able to lay a bet on a New England Patriots-Green Bay Packers game while eating at a casino buffet, instead of being stuck in a smoky sports book.
Before taking that next bite of prime rib, you might wager on one of a dozen possible outcomes in the upcoming game using a small handheld device. ... (read more)
Gas prices deter California gamblers9 July 2008
LAS VEGAS, Nevada -- Southern California gamblers who regularly drive to Las Vegas have cut back their visits by a third because of record gas prices, and those who still come say they've cut their gambling back by 29 percent, a new poll has found.
The findings indicate that gas prices are having a ... (read more)
Trop guests relocated after E. coli concerns3 July 2008
LAS VEGAS, Nevada -- Some 490 hotel guests staying at the Tropicana's Island tower have been moved to other rooms at the Tropicana, the Tropicana-owned Westin property and other Las Vegas hotels after testers at the Southern Nevada Health District discovered that well water serving the hotel tower was tainted with E. ... (read more)
Lanni steps down from gaming lobby's board19 June 2008
LAS VEGAS, Nevada -- MGM Mirage boss Terry Lanni has resigned from the board of the American Gaming Association, the federal lobby that is headed by Harrah's Entertainment Chief Executive Gary Loveman.
The two chieftains are at odds over a proposal by the Nevada teachers union to raise by 3 percentage points the state room tax paid by tourists, with the money going specifically to education. ... (read more)
Global Cash exec remains optimistic18 June 2008
LAS VEGAS, Nevada -- Global Cash Access, the world's largest operator of ATMs in casinos and the largest provider of cash advances and check verification services for the gaming industry, is a bellwether of the gambling business, perhaps a truer one than gaming companies that also depend on nongaming ... (read more)
Lanni proposed payroll tax hike18 June 2008
& David McGrath Schwartz
LAS VEGAS, Nevada -- The chief executive of Nevada's largest employer Monday proposed doubling the state's payroll tax to help the state close its ever-growing budget deficit.
MGM Mirage Chief Executive Terry Lanni said increasing the state's businesswide payroll tax from 0.63 ... (read more)
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