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Liz Benston Gaming Guru - Page 41

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Triple Five Increases Stake in Riviera Holdings

9 June 2005
LAS VEGAS -- Mall developer Triple Five Group has purchased a significant stake in the company that owns the Riviera hotel and casino in Las Vegas and said it may buy more shares, which could give Triple Five a say in the aging property's future. Various Triple Five entities have accumulated about 1.2 ... (read more)
 

Borgata's Success Spurs Hopes of Revival for Atlantic City Hotels

6 June 2005
ATLANTIC CITY -- It's midnight on Tuesday and every last blackjack, roulette and craps table at the Borgata is bustling. It's a similar scene in a downstairs poker room and off-track betting parlor, where most of the available seats are taken. Among them is Michael Massa. "It's like the Las Vegas of New Jersey," said Massa, 29. ... (read more)
 

Gaming Executives Top Highest Paid List

3 June 2005
LAS VEGAS -- Casino bosses cashed out a large number of stock options last year, boosting their total compensation packages to historic highs and easily topping the list of highest-paid local executives in 2004. Last year minted a record number of executive millionaires and blew past record ... (read more)
 

Failed Deal Spurs Lawsuit

25 May 2005
A San Diego Indian tribe has sued Caesars Entertainment Inc. and Harrah's Entertainment Inc. for breach of contract, saying Caesars abandoned an agreement to develop a major casino for the tribe and misled the tribe about a pending deal with Harrah's. Harrah's, which expects to consummate its ... (read more)
 

Harrah's Acquisition of Caesars Advances with N.J. Approval

24 May 2005
Harrah's Entertainment Inc. expects to complete its acquisition of Caesars Entertainment Inc. on or about June 13 should the deal be approved by the Federal Trade Commission and Nevada regulators as expected, both companies said today. New Jersey casino regulators unanimously approved the ... (read more)
 

Laughlin Casino Deal on Rocks; Companies Blame Each Other

24 May 2005
Poster Financial Group Inc.'s deal to sell its Laughlin casino to competitor Barrick Gaming Corp. has apparently blown up, with sources familiar with both companies saying the transaction will likely wind up in court. In its first-quarter earnings report released this month, the owner of the Golden ... (read more)
 

Wynn: Subtlety Becoming Trend in Las Vegas Valley Architecture

20 May 2005
LAS VEGAS -- Capping off the first day of the American Institute of Architects convention, Steve Wynn greeted several hundred architects who gathered to hear him talk about his new resort Thursday evening and called the gathering a milestone for Las Vegas. "We are agog that you're here," Wynn said. ... (read more)
 

Station: Demand For Locals Casino Remains Strong

19 May 2005
LAS VEGAS -- After its Red Rock Station hotel and casino opens in late March, Station Casinos Inc. could begin developing casinos on any one of four parcels of land the company owns around town, executives told shareholders at the company's annual meeting Wednesday. "We think Durango Station could open tomorrow. ... (read more)
 

Growth Spurs Possibility of Third South Coast Tower

18 May 2005
The first resort to open on the "South Strip," now more than half built, could eventually have up to 2,000 rooms after a third hotel tower is built to meet future demand, Boyd Gaming Corp. executives said. At a ceremony Tuesday to celebrate the completion of the main hotel tower roof, Boyd ... (read more)
 

Owners Plan Lady Luck Renovation

16 May 2005
The management company running the Lady Luck casino has purchased the downtown property from its landlord and plans to remodel it in addition to expanding the casino and hotel. Las Vegas-based Henry Brent Co., whose majority owner is Timbers bar and grill chain founder Andrew Donner, last month ... (read more)

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