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Liz Benston Gaming Guru - Page 46Resorts Fight Bogus Bills8 March 2005
About two weeks ago counterfeiters attempted to pass fake $10 bills at several Las Vegas casinos by feeding them into slot machines.
All told, about 100 counterfeit $10 bills were discovered by casinos in the process of counting their cash, Assistant Special Agent in Charge Paul Masto of the U.S. ... (read more)
Council Launches Problem Gambling TV Ad Campaign7 March 2005
Starting today, Nevada residents may see their first television ad about gambling that doesn't feature any casinos or slot machines.
The ad features a blacked-out image of a framed family photo to illustrate how a gambling problem can ruin people's lives.
"One call can change the whole picture," ... (read more)
Adelson: Many Investors Priced Out of Vegas Market4 March 2005
LAS VEGAS -- The price of playing with the big boys on the Strip is limiting competition for developers like Sheldon Adelson, the Venetian owner said.
With Las Vegas expected to attract a record of 38.2 million visitors this year, developers are flocking to the hottest resort destination in the country to get a piece of the action. ... (read more)
Harrah's Shuts Down U.K. Gambling Web Site3 March 2005
LAS VEGAS -- Harrah's Entertainment Inc. has suspended the operations of an online gambling site based in the United Kingdom after posting losses of $9.3 million last year.
The move marks the second time a Las Vegas casino giant has tried and failed to tap into the lucrative Internet gambling market. ... (read more)
Fitzgeralds Owner Eyeing Strip, Detroit Expansion25 February 2005
LAS VEGAS -- The owner of the Fitzgeralds hotel and casino in downtown Las Vegas said he is hungrily eyeing the Strip to expand his gaming business but intends to wait several months before casino-shopping in the hope that skyrocketing prices stabilize.
Detroit-based businessman Don Barden, in town ... (read more)
Mandalay Resort Buyout is 'Revenue Story,' Officials Say23 February 2005
MGM Mirage's top executive said he expects to close the company's $7.9 billion acquisition of Mandalay Resort Group in the next week or two following meetings with managers at each of the Mandalay properties.
In the next-to-last regulatory hurdle facing the historic deal, the state Gaming ... (read more)
Greek Isles Owner Refutes Sale Report22 February 2005
The owner of the Greek Isles hotel and casino said he is entertaining offers to purchase the Convention Center Drive property but refutes a published report that the property has been sold.
Chicago-based owner John Marks of Mark IV Realty said "there's no deal" to sell the Greek Isles to Moshe ... (read more)
MGM Mirage Outlines Deal to Regulators22 February 2005
and Richard N. Velotta
Billionaire financier Kirk Kerkorian was in attendance at today's Gaming Control Board hearing considering his MGM Mirage's $7.9 purchase of Mandalay Resort Group.
Kerkorian sat with the company's top executives while Chairman and Chief Executive Terry Lanni outlined the ... (read more)
U.K. Casinos May Be Limited to Remote, Poor Regions22 February 2005
UK -- Even if Great Britain allows new casinos to be built under a pending overhaul of the nation's gambling rules, they might not open until at least 2008 and be restricted to remote or downtrodden areas where U.S. casino operators wouldn't want to develop, one consultant told a group of U.S. investors last week.
... (read more)
Study: Casinos Helping Pull Tribes from Poverty18 February 2005
LAS VEGAS -- Tribal casino gambling helped boost income among American Indians faster than the general population in the 1990s, though income among tribes with no connection to gambling rose faster than researchers expected over the same period, a Harvard University researcher told a conference of tribal leaders in Las Vegas last week. ... (read more)
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