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Liz Benston Gaming Guru - Page 50Sands Raises IPOP Estimates13 December 2004
LAS VEGAS -- The owner of the Venetian resort in Las Vegas has again raised the amount of money it expects to get from its initial public offering of stock, saying the company could be worth an estimated $8.2 billion instead of earlier estimates of $6.8 billion.
"The offering, raised to a midpoint ... (read more)
Las Vegas Sands Eyes Site of Pennsylvania Mill9 December 2004
LAS VEGAS -- The owner of the Venetian resort in Las Vegas, a month after failing in its efforts to help pass a casino petition in Nebraska, has signed an agreement with an investor to build a casino in another unusual spot -- the site of an historic steel mill in Bethlehem, Pa.
The land, home of ... (read more)
Gambling Addiction Think Tank Considered8 December 2004
LAS VEGAS -- A casino industry trade group is exploring creating a global think tank on gambling addiction that would involve alliances between research institutions worldwide that specialize in addiction studies.
The American Gaming Association, through the National Center for Responsible Gaming, is ... (read more)
Mikohn Spinning Off Sign Division7 December 2004
LAS VEGAS -- In its latest restructuring move, Mikohn Gaming Corp. will sell off its casino sign division to the division's employees by March and will rename the company in a move to focus on its slot machine and systems business.
The spinoff will become private and will keep the Mikohn brand, while ... (read more)
MGM Grand in Detroit Draws Suitors3 December 2004
DETROIT, Michigan -- MGM Mirage said today it may sell its MGM Grand casino in Detroit after receiving several offers from potential buyers.
The company had said it planned to sell the Mandalay Resort Group's stake in the neighboring MotorCity Casino upon the MGM Mirage merger with Mandalay Resort Group. ... (read more)
Casino Planned for New North Las Vegas3 December 2004
LAS VEGAS -- A property owner in North Las Vegas on Wednesday received a green light to build a 1,000-room hotel and casino surrounded by mixed-use residential and commercial buildings on a barren swath of land a few miles from the Las Vegas Motor Speedway.
The 89-acre site, at the intersection of ... (read more)
Former Mirage Employee Sentenced3 December 2004
LAS VEGAS -- A federal magistrate judge in New York on Thursday sentenced a former employee of the Mirage to six months of probation for illegally accessing confidential tax information about an individual's earnings.
Eugene Harding, a former FBI agent in Rochester, N.Y., who later joined the Mirage ... (read more)
Problem Gambling Researchers Garner Awards1 December 2004
A psychologist in Australia who has identified different types of compulsive gamblers and a Rhode Island psychiatrist who has studied how gambling addicts respond to drug treatment have received top honors from a casino industry-funded research center.
Alex Blaszczynski, director of the Gambling ... (read more)
New Loyalty Cards Show Allure of Local High-Limit Gamblers1 December 2004
High-rollers at upscale Strip resorts are accustomed to lavish meals and accommodations along with tickets to shows, boxing matches and other perks.
Station Casinos Inc. and Harrah's Entertainment Inc., known for aggressive marketing programs but not high-end luxuries, have recently upped the ante by creating upper echelon loyalty cards that single out people for VIP treatment. ... (read more)
Megaclubs Go Mainstream30 November 2004
Behind a massive construction wall wedged between an Elton John retail store and the sports book at Caesars Palace, a short-lived legacy is methodically torn down in time for a polished, adults-only image to emerge by the end of the year.
A team of more than 120 construction workers swarms over ... (read more)
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