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Liz Benston Gaming Guru - Page 45Station Purchases Reno Land29 March 2005
LAS VEGAS -- Station Casinos Inc., which has so far focused all of its Nevada business in Las Vegas, has purchased 96 acres of vacant land south The $15 million purchase, disclosed in a proxy statement to shareholders, is for land located at the intersection of Geiger Grade Road and South Virginia Street. ... (read more)
President of Flamingo to Join MGM Mirage24 March 2005
LAS VEGAS -- Lorenzo Creighton, president of the Flamingo Las Vegas, has resigned his post at Caesars Entertainment Inc. to join the top management at MGM Mirage's New York-New York resort across the Strip, according to sources familiar with the move.
MGM Mirage spokeswoman Yvette Monet declined to discuss property management changes. ... (read more)
Culinary, Boyd in Legal Bout23 March 2005
LAS VEGAS – For years the powerful Culinary Union in Las Vegas has failed in its efforts to organize the solidly nonunion locals casino market.
But experts said Boyd Gaming Corp.'s 2004 takeover of locals powerhouse Coast Casinos appears to have given the union a chance to more easily organize a few of the valley's most successful locals casinos: Suncoast, Orleans and the Gold Coast. ... (read more)
'South Strip' Sees Resurgence22 March 2005
LAS VEGAS -- When Michael Gaughan Jr. looks south of Mandalay Bay on the Strip, he sees a continuous line of new development fed by an influx of housing east of Interstate 15 as well as by frequent visitors driving in from Southern California.
"This will be the gateway to the Las Vegas Valley for ... (read more)
Cabot to Lead Firm's Gaming Effort21 March 2005
LAS VEGAS -- One of the gaming industry's top lawyers has joined another firm to lead that company's new gaming law practice.
Tony Cabot, a former partner with the well-connected Las Vegas firm Lionel Sawyer & Collins, today joins Lewis and Roca, a Phoenix-based law firm that is aiming to grow several areas of its practice, including gaming. ... (read more)
Silverton Owners Have Grand Plans18 March 2005
LAS VEGAS -- More than seven years ago, one analyst complained that the financially troubled Silverton, then called Boomtown, was both "in the middle of nowhere" and "too close to Las Vegas" to capture much drive-by traffic on the way to the Strip.
Fresh from a $150 million upgrade and reeling from ... (read more)
Casinos Big Fans of NCAA Tourney17 March 2005
LAS VEGAS --Thousands of basketball fans are expected to press their luck today on the first day of the NCAA tournament in a betting bonanza that has become one of the strongest weekends of the year for Strip casinos.
While the basketball tournament won't draw as many big bets as the Super Bowl, the ... (read more)
Wynn Splits Project Into Two16 March 2005
LAS VEGAS -- A few months after announcing details for a second hotel tower at Wynn Las Vegas, Steve Wynn's company has already elevated the project into a freestanding resort, committing more money to a bigger project than originally planned.
The tower, called Encore at Wynn Las Vegas, is now ... (read more)
Regal, Las Vegas Sands to Join Forces in Macau14 March 2005
LAS VEGAS -- Hong Kong hotel company Regal Hotels International Holdings Ltd. said Friday it entered into an agreement with Las Vegas Sands Corp. to develop a casino resort in Macau.
The hotel company potentially joins a list of at least five companies that have signed letters of intent with Las Vegas ... (read more)
Developers Enter Las Vegas Market11 March 2005
LAS VEGAS -- The $1.5 billion Cosmopolitan Resort and Casino is expected to break ground this summer on an ambitious, New York-style, high-rise hotel and condominium project with a relatively small casino and resort amenities located on several floors.
The project, announced last fall, also will bring ... (read more)
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