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Liz Benston Gaming Guru - Page 5Sale of Tropicana in Atlantic City stalls2 February 2009
ATLANTIC CITY, New Jersey -- While the recession is fueling price wars in Las Vegas, an Atlantic City casino has bigger problems due in large part to the depressed economy.
The New Jersey Casino Control Commission pulled the Tropicana's gaming license in December 2007, saying its owners, who also own the Tropicana in Las Vegas, were unfit to run a casino. ... (read more)
It's official: Fiscal '08 was tough on casinos28 January 2009
LAS VEGAS, Nevada -- The cost of doing business on the Strip has skyrocketed, with casinos attempting to lure customers with more discounts and freebies amid a worsening economy, according to the Gaming Control Board's annual report on the industry.
The report suggests that Strip customers spent more ... (read more)
Beneath its skin, Fontainebleau has something extra for guests' gadgets19 January 2009
LAS VEGAS, Nevada -- While some resort operators sweat over plans for the next hot nightclub, celebrity chef restaurant or pool lounge, tech geeks at the under-construction Fontainebleau Las Vegas are abuzz over their kind of eye candy.
The $2.9 billion resort, which opens in October with 3,815 ... (read more)
Slovenians beat cultural barrier to state license19 January 2009
LAS VEGAS, Nevada -- Three years into the arduous process of obtaining a Nevada gaming license, Slovenian business partners Tomaz Zvipelj and Joze "Joc" Pececnik stumbled before the Nevada Gaming Control Board. At a hearing in November 2006, the board declined to license the partners' gambling machine ... (read more)
CityCenter extending hope on a huge scale14 January 2009
LAS VEGAS, Nevada -- Shellshocked from months of fruitless searching, job seekers showed up Monday with scrubbed faces and sharp suits at a large building behind the Mirage.
As many as 700 people per day will enter the building to await a turn with CityCenter human resources staffers, who will hire a Las ... (read more)
The Harmon isn't Strip's only troubled condo12 January 2009
LAS VEGAS, Nevada -- The discovery of structural problems at CityCenter's The Harmon, which led developers last week to scale down the hotel and scrap plans for about 200 condominium units, might be viewed as an unfortunate incident that turned into a lucky break for partner MGM Mirage.
Luxury, high-rise ... (read more)
MGM Mirage cancels CityCenter condo project7 January 2009
LAS VEGAS, Nevada -- The Harmon Hotel & Spa – originally planned as a 49-story building with some 200 condominiums atop 400 hotel rooms, will no longer offer condominiums and instead will open in late 2010 as a 400-room hotel, MGM Mirage said today.
The Harmon, one of six towers at MGM Mirage's CityCenter ... (read more)
Control board, too, is doing more with less29 December 2008
LAS VEGAS, Nevada -- The earnings slump in the gaming industry is partly responsible for the fact that the state agency that investigates casino owners, vets gaming deals and tests gambling equipment for reliability and fairness is short-staffed.
Gambling revenue funds roughly 50 percent of Nevada's ... (read more)
Treasure Island likely a domino standing alone22 December 2008
LAS VEGAS, Nevada -- On the heels of last week's announcement of the sale of Treasure Island, MGM Mirage officials are taking exception to rampant speculation about which company properties could be next.
"Nothing is or was 'on the block,'" spokesman Alan Feldman said.
Although the company needs cash, ... (read more)
Envy this casino operator22 December 2008
LAS VEGAS, Nevada -- It's a good time to be Steve Wynn.
While competitors are slashing expenses and running their hotels on the cheap, Wynn spared little expense developing Encore, his $2.3 billion resort that opens Monday.
While competitors are struggling to pay down debt accumulated during the ... (read more)
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