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Liz Benston Gaming Guru - Page 53More Sales May Follow Caesars' New Orleans Riverboat Deal25 October 2004
Analysts say the sale of the Bally's riverboat casino in New Orleans by Caesars Entertainment Inc. may not be the last move by Caesars in the coming months as the company prepares for its merger with Harrah's Entertainment Inc.
Caesars on Friday announced an agreement to sell the property to an ... (read more)
Caesars Warns of Strike's Effect21 October 2004
LAS VEGAS -- Caesars Entertainment Inc. earnings rose 21 percent in the third quarter as profit margins rose nationwide, though the company said it would earn less than expected in the fourth quarter.
The Las Vegas-based casino giant today reported profit of $58 million or 18 cents per share in the ... (read more)
Profit Jumps at Station Casinos19 October 2004
Strong revenue growth across Station Casinos Inc.'s locals casinos in Las Vegas boosted the company's profit by 47 percent in the third quarter, beating analysts' expectations, the company said today.
Station Casinos also said its board of directors on Monday approved a 20 percent increase in the company's quarterly cash dividend, to 21 cents per share. ... (read more)
Removal of Aztar Committee Member Sought18 October 2004
The AFL-CIO sent a notice to Aztar Corp. Friday calling on the company to remove an individual from three key board committees because of a potential conflict of interest.
The labor union federation's Office of Investment recommended the removal of Linda Faiss from Aztar's corporate governance and nominating committee, compensation and stock option committee and audit committee. ... (read more)
Barrick Buys Two More Properties12 October 2004
LAS VEGAS -- A private company that bought four aging casinos in downtown Las Vegas has snapped up two motels for future redevelopment and plans to purchase more land nearby as part of a redevelopment corridor along Main Street.
Barrick Gaming Corp., which bought the Plaza, Las Vegas Club, Western and ... (read more)
TV, Web Driving Poker Fever12 October 2004
While the popularity of televised poker tournaments has helped drive business to casino poker rooms, online poker sites may be equally, if not more responsible, for the surge in casino traffic.
"There are people who would not be in a poker room (in a casino) if not for the Internet," said Jennifer ... (read more)
Caesars Planning to Build Major Casino in London12 October 2004
In the company's first move into Europe, Caesars Entertainment Inc. said it will develop and operate a luxury casino resort adjacent to the Wembley soccer stadium in London.
The $600 million Caesars Wembley resort will be built on 13 acres in a 58-acre redevelopment area and will include a 400-room ... (read more)
Tribal Leaders Hail Setback For California Proposition8 October 2004
LAS VEGAS -- Tribal leaders attending a conference in Las Vegas on Thursday applauded the likely defeat of a voter initiative in California that threatened to remove their monopoly on slot machines but said they already are bracing for future political battles nationwide.
Backers of Proposition 68 ... (read more)
Sigma Suspends Operations7 October 2004
LAS VEGAS -- Sigma Game Inc. of Las Vegas has suspended its operations this week while it considers selling the company or finding a new equity partner.
The small company, known for making a slot machine based on the "Life" board game, also pulled out of the Global Gaming Expo this week -- the premier ... (read more)
Taxes Irk Casino Execs7 October 2004
LAS VEGAS -- MGM Mirage will concentrate future casino investments in only three markets nationwide -- Las Vegas, Mississippi and Atlantic City -- in large part because of "unreasonable" casino taxes in other states, Chief Executive Terry Lanni said Wednesday.
Penn National Gaming Inc. Chief Executive ... (read more)
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