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Liz Benston Gaming Guru - Page 23Herbst family looks south16 April 2007
Thirty years ago the Herbst family, busily running its chain of gas stations, considered buying the three casinos in Primm, the desert burg that greets Southern Californians crossing into Nevada. They thought about it for about as long as it took to drive past the place.
The state line casinos, ... (read more)
Looking in on: Gaming11 April 2007
LAS VEGAS, Nevada -- When the topmost girders of high-rise buildings are fitted into place, construction companies often have "topping off" ceremonies by hoisting American flags and pine trees atop the structures.
In Japan, they pour sake and pray at the get-go.
Builders of the coming ... (read more)
Sahara to get some L.A. glitz11 April 2007
LAS VEGAS, Nevada -- Independent casino operators are a dying breed on the Strip, a playing field controlled by growing chains with billions of dollars at their disposal.
So when Sam Nazarian, a well-dressed Beverly Hills bachelor with the unflappable demeanor of George Clooney and a Rolodex of A-list ... (read more)
Looking in on Gaming: Fontainebleau resort plans still a go22 March 2007
LAS VEGAS, Nevada – When he's not funding the translation of foreign-language texts and publishing hidden literary gems, the well-read and reclusive casino executive Glenn Schaeffer has been pitching Wall Street on a $2.4 billion financing package for his Fontainebleau Las Vegas resort at the site of the former El Rancho. ... (read more)
'Dust to dust19 March 2007
Vegas Implosions
Las Vegas, perhaps more than any other city in the world, promotes a culture of reinvention. It's a place where people come to start over, but it's also a place where buildings never get old - they simply get demolished. From the implosion that started them all (the Dunes), to movie ... (read more)
Looking in on: Gaming19 March 2007
LAS VEGAS AND MACAU -- While regulators hope Las Vegas-based casino operators will help flush out corrupt influences in the Chinese gambling enclave of Macau, they're not holding their breath.
At an October conference sponsored by the International Association of Gaming Attorneys, Macanese ... (read more)
Chips no longer good as cash9 March 2007
LAS VEGAS, Nevada -- If $5,000 casino chips could talk, what would this one say? It might explain its recent travels and how it has ended up in the custody of a cashier at the MGM Grand, who questioned whether it really belonged to the gambler who turned it in.
The gambler, a poker player, made the mistake of treating the chip like currency. ... (read more)
Looking in on: Gaming7 March 2007
LAS VEGAS, Nevada -- Ten to 20 percent profits at Las Vegas casinos have nothing on Macau, where Las Vegas Sands has come to expect 100 percent returns. The gravy train is fueling the company's quest to spend up to $11 billion creating the Asian equivalent of the Las Vegas Strip.
That doesn't come without some aggressive wheeling and dealing on the front end. ... (read more)
Looking in on: Gaming5 March 2007
LAS VEGAS, Nevada -- Neon may be nice but water's better.
If you've ever been pitched a "beachfront" view of the Strip by a real estate broker and balked, you're not alone.
Research by economist and real estate consultant John Restrepo indicates that most condo buyers prefer views of lakes and oceans to views of casinos. ... (read more)
Station Casinos learns lesson about neighbors5 March 2007
LAS VEGAS, Nevada -- The last time Station Casinos broke ground, there was a big dust-up by neighbors complaining about the height, the traffic, the imposition. There goes the neighborhood, they said.
This time, neighbors' reaction is more akin to a hallelujah chorus.
The company, it seems, ... (read more)
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