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Liz Benston Gaming Guru - Page 44Las Vegas Visitor Volume Rises12 April 2005
The Super Bowl weekend and Chinese New Year festivities helped offset a decline in convention attendance in February, while room rates surged upward to meet demand, the Las Vegas Convention and Visitors Authority reported Monday.
Visitor volume in February rose 1.2 percent to 2.95 million people, ... (read more)
WTO Rules on US Online Gaming Ban7 April 2005
LAS VEGAS -- An appellate body of the World Trade Organization handed down a landmark decision on Internet gambling today that online gambling supporters say could end up forcing the United States to allow gambling sites based in Antigua and Barbuda to accept bets from U.S. gamblers.
But the United ... (read more)
Las Vegas Sands is Eager to Expand7 April 2005
LAS VEGAS -- Less than four months since it pulled off the most lucrative initial public offering in casino history, Las Vegas Sands Corp. is boldly trumpeting the company's accomplishments as part of its worldwide expansion efforts.
Once the Palazzo resort is built next to the Venetian and its ... (read more)
Las Vegas Sands Ordered to Pay $38.5 Million7 April 2005
LAS VEGAS --The owner of the Venetian resort faced a setback last month in a long-running construction lawsuit when a Clark County District Court judge ordered the company to pay interest, attorneys' fees and other costs totaling $38.5 million on top of a previous jury award of $42 million.
But Las Vegas Sands Corp. ... (read more)
Hyatt to Manage Cosmopolitan Hotel6 April 2005
Hyatt Hotels Corp. has signed an agreement with the planned Cosmopolitan Resort & Casino to operate the property's 2,700 hotel and hotel-condo units under the Grand Hyatt brand -- the brand's debut in Las Vegas.
In addition to managing the hotel, Hyatt also will manage condominiums for condo owners who have the option of renting their units to hotel guests. ... (read more)
Plaza Hopes Strategy Will Woo Growing Hispanic Community5 April 2005
Over the next several weeks, the Plaza hotel and casino expects to introduce Hispanic-theme slot machines, Spanish-speaking blackjack dealers and soccer games in its sports book in an effort to attract Hispanic customers.
Those are just a few of the signs of a larger, long-term initiative to ... (read more)
Ruffin Sells Bahamas Resort for $150 Million4 April 2005
New Frontier owner Phil Ruffin has signed an agreement with an investment company to sell his Bahamas resort for about $150 million.
Ruffin said Baha Mar Development Co. Ltd. expects to close on the Wyndham Nassau Resort & Crystal Palace Casino and the Nassau Beach Hotel by May 19.
Baha Mar ... (read more)
G2E Shifts '06 Convention Dates4 April 2005
and Richard N. Velotta
The gaming industry's largest conference and trade show is pushing back the dates of its 2006 event to fill the space vacated by the departing Comdex computer trade show at the Las Vegas Convention Center.
The American Gaming Association's Global Gaming Expo will be held Nov. ... (read more)
Few Gaming Firms Disclose Figures on Minority Hiring30 March 2005
LAS VEGAS -- While MGM Mirage isn't the only company to make public its track record on minority hiring and purchasing, most other gaming companies either choose to keep such information private or say they haven't made a decision on whether to release it.
Competitors also say they are forging ahead ... (read more)
Station, MGM Mirage Execs Reap Millions from Options29 March 2005
LAS VEGAS -- Top executives at Station Casinos Inc. reaped a profit of some $130 million from the exercise of stock options last year while MGM Mirage executives exercising options made about $34 million.
The value of the options -- which doesn't include salaries or bonuses for executives -- is ... (read more)
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