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Liz Benston Gaming Guru - Page 40Barrick Hampered by Debt, Sources Say27 June 2005
The company that bought four downtown casinos last year and devised plans to redevelop the neighborhood with new commercial districts and high-rise condos is in financial trouble, according to several sources familiar with the company.
Barrick Gaming Corp. bought the Plaza, the Las Vegas Club, ... (read more)
Panel: Future Casino Marketing Focus on Nongaming Attractions24 June 2005
LAS VEGAS -- Future casinos -- from major Las Vegas properties to smaller casinos and riverboats -- will eventually be marketed as resorts with plenty of nongaming amenities such as gourmet restaurants and spas, a group of designers and casino bosses predicted at a Las Vegas conference Thursday. ... (read more)
Barrick Landlord Files for Share of Gaming24 June 2005
LAS VEGAS -- The landlord that owns Barrick Gaming Corp.'s downtown casinos has filed an application with state regulators to be allowed to get some portion of the gaming revenue generated by the four properties.
The landlord, Tamares Barrick Las Vegas Properties, is jointly owned by Barrick and a company called Tamares Las Vegas Properties. ... (read more)
Private Poker Parties a Trend for LV Resorts21 June 2005
A couple of weeks ago, Connecticut businessman Michael Vlock sat at a poker table at Wynn Las Vegas with actor Matt Damon, sports legends Pete Sampras and Wayne Gretzky and investment maven Warren Buffet. Around him, other wealthy individuals were deep into their games of no-limit Texas hold 'em.
... (read more)
New Mexico Lottery, Casino Introduce Cross-Promotional Scratch-off20 June 2005
State lotteries and casinos have historically had a distant, if not adversarial, relationship to one another.
That changed in New Mexico last week with the help of a Las Vegas startup company, Vegas Games. The company has invented a product called LottoSino that is a lottery scratch-off ticket ... (read more)
Harrah's Donates $1 Million to USO15 June 2005
Harrah's Entertainment Inc. has donated $1 million to the USO to maintain programs and services that benefit troops and their families worldwide.
The United Service Organizations was founded more than 60 years ago to provide recreational activities for military personnel and their families. ... (read more)
Newest Vegas Ads Tout Specific Attractions15 June 2005
Starting this week, consumers nationwide will get a taste of Las Vegas through a series of new television spots that will do something that tourism bureaus nationwide have so far avoided.
They will name names.
The new ad campaign, called "Vegas Alibi," takes a different tack from the Las Vegas ... (read more)
Bally's Could Be Imploded, Rebuilt14 June 2005
Harrah's Entertainment Inc. is contemplating a major renovation of its Bally's resort on the Strip that might involve imploding it and building a Horseshoe-brand hotel, the company's top executive said Monday.
Harrah's Chief Executive Gary Loveman, whose company assumed control of Caesars Entertainment Inc. ... (read more)
Company to Face Scrutiny13 June 2005
Long after Harrah's Entertainment Inc. closes its purchase of Caesars Entertainment Inc. -- expected to take place this afternoon -- regulators will be watching to see whether the company makes good on promises to improve its record on diversity in addition to increasing its contributions to local ... (read more)
MGM Mirage Exec: Yemenidjian Will be Tough Competitor10 June 2005
LAS VEGAS --Departing MGM Mirage board member Alex Yemenidjian won't likely partner with the company on any future gaming projects and would instead emerge as a competitor, a top MGM Mirage executive said.
MGM Mirage President and Chief Financial Officer Jim Murren said he is sorry that Yemenidjian is leaving the company but said he welcomes the competition. ... (read more)
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