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Liz Benston Gaming Guru - Page 48Problem Gambling Advocates Laud Guinn's Call for Funding26 January 2005
LAS VEGAS, Nevada -- Problem gambling advocates are applauding Gov. Kenny Guinn's effort to raise $200,000 to help problem gamblers but say it is only a small starting point for what they hope will become a longstanding financial commitment from the state and its dominant industry.
Meanwhile, the ... (read more)
Station May Accelerate Development Of Casinos25 January 2005
LAS VEGAS -- With several local future casino projects on tap to fuel profit over the next several years, Station Casinos Inc. is contemplating speeding up the development process for those casinos because of stronger than expected performance in recent months.
"We're evaluating the entire ... (read more)
Caesars Executives Set to Receive Millions in Severance Pay25 January 2005
The top three executives of Caesars Entertainment Inc. are expected to receive severance payments totaling at least $10.7 million upon the company's acquisition by Harrah's Entertainment Inc.
The payments include salaries and bonuses but don't include roughly $82 million worth of Caesars shares, stock options and grants of restricted stock held by the executives. ... (read more)
Casinos Still Leery of Lottery24 January 2005
and Kristen Searer
LAS VEGAS -- Introducing a state lottery could be counterproductive and even hurt the state's primary industry, according to one casino representative.
"It strikes me as an odd public policy for the state to engage in competitive activity with the state's largest industry," MGM ... (read more)
Resort Group Gears Up for Legislative Session21 January 2005
LAS VEGAS -- When MGM Mirage pulled its membership from the Nevada Resort Association in 2003 after a divisive legislative tax debate and again when the company announced its pending merger with Mandalay Resort Group last year, observers wondered whether the state's premier casino trade group was faltering. ... (read more)
Harrah's, Caesars Say They Are Complying With FTC Requests19 January 2005
Harrah's Entertainment Inc. and Caesars Entertainment Inc. said today they are in "substantial compliance" with requests from the Federal Trade Commission for information about their proposed merger.
Last July, Harrah's announced plans to acquire rival Caesars for $9.4 billion, creating the world's largest casino company. ... (read more)
High-Rise Developer Brings Strengths to Vegas17 January 2005
LAS VEGAS -- In the 15 or so years that Ellis Island Casino & Brewery executive Karen Dorsey has worked for owner Gary Ellis, several developers have approached the casino with plans to redevelop the 36-year-old property.
But it wasn't until Ellis met with Michael Peterson, an owner and developer ... (read more)
Viewers in Las Vegas Market Upset as Channel is Moved to Digital17 January 2005
The Game Show Network, a cable channel that began airing classic game shows a decade ago but has recently ramped up programming of casino game tournaments, boasts 56.6 million viewers nationwide and a strong following among gamblers and seniors in Las Vegas, its No. 4 market.
But local cable subscribers will no longer be able to see GSN in its usual spot on the cable lineup. ... (read more)
Caesars Takes Plunge into Reality Television11 January 2005
A catfight between casino customers, a $1 million jackpot winner with terminal cancer and a singer who gambles for 13 hours straight at the roulette table were among the situations that unfolded at Caesars Palace before a national audience during Monday night's debut episode of the latest reality ... (read more)
Boyd Gaming Is Biggest Winner In Banner Year For Casino Stocks10 January 2005
LAS VEGAS -- Best known as the owner of the aging Stardust property, Boyd Gaming Corp. was long the stepchild of the largest casino operators on the Strip. Its stock moved little and its assets, six off-Strip casinos as well as riverboats in the Midwest and South, were somewhat overlooked by Wall ... (read more)
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