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Liz Benston Gaming Guru - Page 422004 Success Buoys Boyd13 May 2005
LAS VEGAS -- Boyd Gaming Corp. executives said Thursday they were genuinely surprised by a 2004 performance that catapulted the once-overlooked company into the ranks of the year's top stock performers.
"Nothing could have prepared us for the success we experienced in 2004," Chief Executive Bill Boyd said at the company's annual shareholder meeting. ... (read more)
Turnberry, Schaeffer Plan New Resort on the Strip12 May 2005
LAS VEGAS -- Condominium developer Turnberry Associates has formed a private company with former Mandalay Resort Group President and Chief Financial Officer Glenn Schaeffer to develop a major casino resort on the north end of the Las Vegas Strip.
Las Vegas-based Fontainebleau Resorts, named after the ... (read more)
Fast Movers: Exotic Cars Speeding Out Of Wynn Showroom10 May 2005
Some of the richest merchandise in Las Vegas has changed hands in recent days at the Ferrari and Maserati showroom at Wynn Las Vegas, which beckons passers-by with luxury cars displayed like fine art.
Believed to be the first dealership in a casino, the Ferrari-Maserati showroom -- which opened at the resort April 28 -- has already sold 21 of the Italian-made cars. ... (read more)
Report Shows Casinos' Strength4 May 2005
Americans spent $28.9 billion last year in nontribal casinos across the United States, a 7 percent increase from 2003, according to an industry-funded study issued today.
Spending at commercial casinos has increased steadily over the years and has more than doubled in the past decade, from $13.8 ... (read more)
Wynn Assures Stockholders Resort is Off to a Good Start3 May 2005
Warning shareholders not to judge the long-term performance of his resort based on its opening weekend, Steve Wynn nevertheless dropped several hints at the company's annual stockholders meeting Monday to suggest that his new resort was off to a good start.
The $2.7 billion Wynn Las Vegas, which ... (read more)
Analysis: Las Vegas Sands Profit Declines in First Quarter3 May 2005
The owner of the Venetian resort in Las Vegas reported an 86 percent decline in first-quarter profit largely because of a loss related to debt refinancing, but it still beat analysts' expectations for the quarter on strong business in Las Vegas.
Las Vegas Sands Corp. posted a profit of $7.1 ... (read more)
Bowlers Strike It Rich with Sunset Center2 May 2005
The most expensive bowling center in the nation opened last month at the Sunset Station casino in Henderson.
Station Casinos Inc. Chief Financial Officer Glenn Christenson believes the $26 million is money well spent.
"We think we'll get at or above our typical (return on investment) hurdles," Christenson said. ... (read more)
Crowds Flock to Wynn Las Vegas Opening28 April 2005
and Richard N. Velotta
LAS VEGAS -- It might have been the most expensive birthday present in history.
Wynn Las Vegas, Steve Wynn's $2.7 billion megaresort, opened to a crush of at least 10,000 people after the stroke of midnight today in time to celebrate his wife Elaine's birthday.
It was ... (read more)
MGM Grand, Wolfgang Puck Chiefs Honored28 April 2005
LAS VEGAS -- The president of the world's largest hotel is a man who is surprisingly modest about leading one of the most dramatic transformations of any single property in the hotel business.
Gamal Aziz, a 20-year veteran of the hospitality business, was honored along with Wolfgang Puck's operations chief Tom Kaplan at the 26th annual Las Vegas International Hotel & Restaurant Show. ... (read more)
New Resort Just Latest Piece of Wynn's Legacy28 April 2005
LAS VEGAS -- More than five years ago, Steve Wynn had witnessed his share price for Mirage Resorts Inc. drop sharply over concerns that he had spent too much to build his crowning achievement. Nitpicked by investors expecting higher returns at the Bellagio resort, Wynn eventually sold his resort empire to MGM Grand. ... (read more)
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