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Liz Benston Gaming Guru - Page 14Starbucks tips case gives hope to dealers26 March 2008
LAS VEGAS, Nevada -- Serving coffee is a lot different from dealing cards. But not to casino dealers in Las Vegas, who are cheering a landmark ruling last week by a California court against a tip-sharing policy at Starbucks they hope will build public support for a similar lawsuit filed by dealers at ... (read more)
Must be '21' to entertain this idea26 March 2008
LAS VEGAS, Nevada -- "Beat the Dealer" did it nearly a half century ago. So have other books and TV shows since. And now this week's release of "21" — a movie about a team of MIT students who used their blackjack card-counting strategies to win millions — might once again draw countless wannabes to Las Vegas ... (read more)
Tropicana owner hires a Mr. Fix-It26 March 2008
LAS VEGAS, Nevada -- Over the past year, the owner of the Tropicana casinos in Las Vegas and Atlantic City has alienated regulators and politicians, upset lenders and agitated labor unions and employees.
But last week's appointment of Scott Butera as president of Tropicana Entertainment is the most ... (read more)
Looking in on: Gaming19 March 2008
LAS VEGAS, Nevada -- Wall Street lending troubles and increasing construction costs have so far derailed the Tropicana hotel expansion, which was seen as too ambitious even before the market decline, and the possible Riviera redevelopment, which already was doubtful because of infighting among large ... (read more)
Book signals Las Vegas' arrival18 March 2008
LAS VEGAS, Nevada -- A year ago in Paris, Wall Street Journal reporter Christine Binkley walked into an interview with the chief executive of luxury retailer Louis Vuitton expecting a detailed discussion of the brand's expansion into emerging markets such as Russia and China.
Instead, Frenchman Yves ... (read more)
Nevada casinos find that profits from penny slots really add up12 March 2008
LAS VEGAS, Nevada -- High rollers are helping the Strip weather the economic downturn but lower rollers might just be keeping Nevada's entire economy afloat.
And these folks don't wager millions at baccarat. Their game is "penny" slots — devices with countless "paylines" that allow wagers of as little as ... (read more)
Casinos accused of looking the other way10 March 2008
, Jeff German, Michael Mishak
LAS VEGAS, Nevada -- Casino companies should have known about the huge amounts of cash washing through nightclubs on their properties long before the Internal Revenue Service began investigations of two of Las Vegas' most popular clubs, say former gaming executives and others ... (read more)
London's Times looks at Wynn vs. Adelson7 March 2008
LAS VEGAS, Nevada -- Las Vegas watchers love a good fight. So it's no surprise that one of the most entertaining rivalries in corporate America, that of casino bosses Steve Wynn and Sheldon Adelson, got top billing in this past week's London Sunday Times.
This time, however, the usual trash-talking ... (read more)
Columbia Sussex found in default, but it still breathes a sigh of relief3 March 2008
DELAWARE -- A Delaware court has determined that the owner of the Tropicana casino has defaulted on a $960 million loan, a move that bondholders say could force the company into bankruptcy court by ordering it to repay the loan.
But Columbia Sussex is declaring a victory of sorts because the court ... (read more)
Clubs' cash flow suspect3 March 2008
, Michael Mishak
LAS VEGAS, Nevada -- The burgeoning nightclub scene has brought a new kind of money to Las Vegas — and an old kind of trouble. The scene is awash in cash to an extent reminiscent of Las Vegas' early days.
An IRS investigation into two of the Strip's hottest clubs, Pure at Caesars ... (read more)
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