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Liz Benston Gaming Guru - Page 16Here comes Atlantic City's transformation28 January 2008
ATLANTIC CITY, New Jersey -- Now, Atlantic City — reeling from competition for penny-pinching slot players — is on the cusp of a sort of salvation, as experts predict a Las Vegas-style transformation of the aging seaside town.
At least three casino operators — each with connections to Wynn and his ... (read more)
Weak dollar fuels high-end Palazzo retailers' optimism28 January 2008
LAS VEGAS, Nevada -- Maybe this limited-edition trinket will help take your mind off the crumbling stock market: The new Piaget boutique at Palazzo is selling diamond- and ruby-encrusted, solid white gold dice featuring 1,000 diamonds and 1,000 rubies for $280,000.
At the Cole Haan boutique, a pair of ... (read more)
See Clinton victorious, right by the slot machines21 January 2008
LAS VEGAS, Nevada -- Bill and Hillary Clinton have big support in Hollywood's celebrity circles.
But the Clinton campaign's decision to have the New York senator give her victory speech Saturday at Planet Hollywood -- a request that was made of hotel management at 7:30 Friday night -- wasn't related to ... (read more)
Wall Street attacks gaming tax hike18 January 2008
LAS VEGAS, Nevada -- Stepping up the counterattack on two controversial gaming tax increase proposals, a Wall Street analyst today called both initiatives "negligent," saying that many Strip resort projects now underway "won't pencil out" under a major tax hike.
"Neither the teachers union, nor an ... (read more)
Unemployment by the numbers16 January 2008
LAS VEGAS, Nevada -- Gaming stocks are plummeting and Wall Street is frenzied with fears that people are spending much less of their hard-earned cash in casinos.
What especially concerned the investment crowd was November's unemployment figures, which UNLV's Center for Business and Economic Research ... (read more)
Looking in on: Gaming7 January 2008
NEVADA -- While other states fend off sports betting, Nevada is making it easier for residents to exercise their exclusive rights to bet on sports.
Just in time for the Super Bowl, Nevada's largest sports book operator now offers a sports betting kiosk for Las Vegas and Reno bars with slot machines as well as small casinos in those areas that don't have sports books. ... (read more)
Gamblers and the IRS - by the book31 December 2007
Here's a year-end heart-warmer for gamblers: You really do need to pay taxes on your winnings, whether you won $10 or $1,000, and a pair of experts have come out with a book to explain it all.
And no, their initials are not IRS.
Las Vegas tax adviser Marissa Chien's book, "Tax Help for ... (read more)
Looking in on: Gaming27 December 2007
LAS VEGAS, Nevada -- Bars across the country have attempted to capitalize on the poker craze by offering free poker tournaments where winners can earn bragging rights, cash prizes and even entries to big casino tournaments.
But there may soon be an easier way for watering holes to invite wagering on poker games without attracting attention from local law enforcement. ... (read more)
Vegas Tropicana lucky it's in Nevada, not Jersey27 December 2007
The move this month by New Jersey regulators to deny a license to Columbia Sussex to operate the Tropicana casino in Atlantic City is both a stark reminder of the unique demands of the casino business and a cautionary tale for newer entrants.
Perhaps more significantly, it's the latest example of ... (read more)
Harrah's can chase high rollers or stay midmarket24 December 2007
LAS VEGAS, Nevada -- With new Strip resorts competing for the high-end market, the world's largest gaming company is faced with a momentous decision: whether to join the chase or do what it does best - cultivate middle-class gamblers who prefer frequent casino incentives over opulent surroundings. ... (read more)
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