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Liz Benston Gaming Guru - Page 49Poker Broadcast Being Negotiated10 January 2005
Harrah's Entertainment Inc. has hired a sports television consulting firm to help the company negotiate a broadcast agreement with ESPN and develop new programming related to the World Series of Poker tournament.
Pilson Communications Inc., a company run by former CBS Sports President Neal ... (read more)
Harrah's U.K. Venture Nixed6 January 2005
LAS VEGAS -- Harrah's Entertainment Inc. said Wednesday it has pulled out of a joint venture with U.K. bingo parlor operator Gala Group Ltd. because of recent moves in Britain's Parliament to limit the scope of regional casinos the venture expected to build. The company still will pursue previous plans to build major resorts in the United Kingdom on its own. ... (read more)
Lanni Ready for Legislative Fights as AGA Chief6 January 2005
LAS VEGAS -- The American Gaming Association is starting the new year in its usual defensive position, hoping to fend off federal legislation that could hurt the casino industry or restrict growth, a top gaming executive said Wednesday.
"We need to be on the alert," said Terry Lanni, board chairman of the American Gaming Association and chairman and chief executive of MGM Mirage. ... (read more)
Labor Department: Castaways Workers Can't Recover Claims3 January 2005
The U.S. Labor Department has officially closed an investigation into charges that the Castaways hotel and casino failed to pay medical claims for nonunion casino workers at the former property, confirming that some claims remain unpaid but that there is little the federal agency can do to reimburse ... (read more)
Year Saw Casino Companies Gearing Up for Consolidation31 December 2004
LAS VEGAS -- In early 2001, Wall Street was reeling from a slew of mergers in the gaming industry over the past couple of years, with observers questioning the likelihood of future blockbuster deals.
What a difference three years makes.
A sea of change occurred in the gaming industry over ... (read more)
Taxes, Problem Gambling Likely '05 Lobbying Focus29 December 2004
LAS VEGAS -- A month away from the 2005 Legislative session, some Las Vegas casino companies are gearing up for what may become the most challenging political and economic issue to face the state in years.
Skyrocketing property tax values, a top concern for homeowners and other business owners ... (read more)
Strip Real Estate Fuels Increase in Riviera Holdings Stock Price28 December 2004
A blitz of merger and acquisition activity in the casino industry in addition to speculation surrounding skyrocketing land values on the Strip has lifted casino stocks to new highs in recent weeks.
But no longtime casino company has benefited more spectacularly than Riviera Holdings Corp., the ... (read more)
Experts: Nevada Behind in Problem Gambling Treatment20 December 2004
The Problem Gambling Center, located in a warren of office complexes on the north side of Sahara Avenue and across from the Palace Station casino, isn't easy to find. But if more people knew about it, they might very well be put on a waiting list.
The nonprofit treatment center counsels more than ... (read more)
NFL Still Plans to Sack Las Vegas Super Bowl Parties14 December 2004
The National Football League, in a recent letter to the casino industry's largest trade group, stands by its position that the Las Vegas Super Bowl parties of years past won't fly this season.
The letter, sent last month to the American Gaming Association, says Super Bowl parties that charge ... (read more)
Higher Room Rates Are Not Dissuading Las Vegas Visitors14 December 2004
When Mandalay Resort Group released its latest quarterly profit report this month, it was room rates -- not gambling revenue -- that did most to boost earnings by about 65 percent.
That's probably no great surprise, as Mandalay owns the largest block of mid- to lower-price rooms on the Strip, often subject to price swings. ... (read more)
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