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Liz Benston Gaming Guru - Page 52MGM Mirage Plans Massive Strip Project10 November 2004
MGM Mirage announced plans Tuesday for a multibillion-dollar "urban metropolis" consisting of hotels and condominium towers that will be built at the site of its aging Boardwalk casino on the Strip over the next several years.
"Project CityCenter," with an emphasis on living spaces and other nongambling features, is billed as a departure from the usual adult playground. ... (read more)
Wynn Unveils Tower Details9 November 2004
LAS VEGAS -- A second planned hotel tower at Wynn Las Vegas is expected to include 1,500 suites at a cost of about $900 million, Wynn Resorts Ltd. announced Monday.
Plans for a second hotel tower of at least 1,300 units at Steve Wynn's new megaresort were first reported in February in In Business ... (read more)
MTR to Take Over Binion's in March9 November 2004
Harrah's Entertainment Inc. has decided not to extend a one-year option to manage Binion's Horseshoe in downtown Las Vegas and will instead transfer management of the historic casino to MTR Gaming Group Inc. in March.
MTR Gaming purchased Binion's Horseshoe for $20 million from owner Becky Behnen in March. ... (read more)
Gambling TV Backers Hopeful8 November 2004
Anyone who has watched any television over the past year has likely stumbled upon a program or series related to casino gambling.
The Travel Channel's "World Poker Tour," ESPN's "World Series of Poker," NBC's "Las Vegas" and the Discovery Channel's "American Casino" are among a few of the programs that transport viewers to a Las Vegas that is part fantasy, part reality. ... (read more)
Key Largo Casino Gains Approval for Condo Tower2 November 2004
LAS VEGAS -- Another small, off-Strip casino has plans for a residential condominium tower.
The Quality Inn Key Largo Casino on Flamingo Road received Planning Commission approval last month to build a 196-foot condo tower with 905 units in addition to a 70-foot hotel tower with 344 rooms. ... (read more)
Hard Rock: Settlement Won't Affect Operations28 October 2004
LAS VEGAS -- A settlement and fine levied by Nevada regulators against the Hard Rock to settle a dispute over the casino's advertising policy isn't expected to change the way the property conducts business, a top Hard Rock executive said Wednesday.
The Hard Rock agreed to pay $100,000 -- the maximum allowable fine -- to settle a complaint by the state Gaming Control Board. ... (read more)
Hard Rock Takes Action to Stem Unpredictable High-Roller Wins26 October 2004
You win some, you lose some.
But that axiom of gambling is proving to be too volatile for many Strip casinos, which are continuing to shrink their exposure to high-limit games in order to reduce risk and ensure a steady profit.
The latest case in point is the Hard Rock, which says it will no ... (read more)
Atlantic City Casinos Look to Replace Workers26 October 2004
ATLANTIC CITY -- At least two of the four casino companies involved in a long-running strike in Atlantic City have raised the stakes by saying they will begin hiring replacement workers to fill positions vacated by union members on strike.
Some 10,000 workers represented by Local 54 of the Hotel Employees and Restaurant Employees union in Atlantic City walked off the job Oct. ... (read more)
Expansion in Store for Herbst Property26 October 2004
Terrible's casino expects to begin construction next month on a new parking garage that will mark the first phase of a larger casino expansion.
"We've been planning it for some time," Herbst Gaming Inc. Chief Executive Ed Herbst said. "At peak times we're out of parking. That's a nice problem to ... (read more)
Atlantic City Borgata Set for Expansion25 October 2004
Boyd Gaming Corp. -- fresh from announcing a major casino expansion at its Borgata resort in Atlantic City -- is expected to discuss details of a new hotel tower during the company's third-quarter earnings report on Tuesday.
The company received approval for the tower Thursday during the monthly board ... (read more)
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