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Liz Benston Gaming Guru - Page 55Ellis Island Plans Condo-Hotel26 August 2004
LAS VEGAS -- An off-Strip locals casino known for $4.95 steak dinner deals has big plans to go upscale.
A few weeks after scuttling plans to take over management of the nearby Tuscany casino, the Ellis Island Casino & Brewery has submitted plans with the county to build a 36-story condo-hotel tower with about 800 rooms. ... (read more)
Former Maxim Investor Hit by Insider Trading Complaint20 August 2004
LAS VEGAS -- The Securities and Exchange Commission has accused a Dallas investor in the former Maxim hotel-casino in Las Vegas of engaging in insider trading. Attorney Gary Kornman also is the subject of a fraud lawsuit in Texas over a failed plan to turn the old Flamingo Road hotel, now a Westin franchise, into a timeshare complex. ... (read more)
Las Vegans in on Huge Bay Area Casino Deal18 August 2004
Two people with Las Vegas connections are poised to become part of a management team that is expected to run one of the world's largest casinos in the densely populated San Francisco Bay Area.
Palms resort owner George Maloof and Jerry Turk, former manager of the Fitzgeralds casino in downtown Las ... (read more)
San Remo Converting to Hooters Brand17 August 2004
Skimpy shorts and tight tank tops already are ubiquitous on the Strip but will be making another debut of sorts at the Hotel San Remo, which has signed a management deal with the Hooters restaurant chain to rebrand the Las Vegas hotel-casino into a Hooters Casino Hotel.
The 711-room property, which ... (read more)
Aladdin Changeover Under Way16 August 2004
LAS VEGAS -- The management group that is working to buy the Aladdin hotel-casino out of bankruptcy has sent termination letters to about 20 managers as part of the group's plan to remake the property into a Planet Hollywood resort.
The cuts represent "one half of one percent" of the 3,000 or so ... (read more)
Business Booming in Macau as Venetian Owner Plans Expansion11 August 2004
Executives for Venetian owner Las Vegas Sands Inc. said Tuesday the company is moving quickly to cash in on a small part of the world that is expected to surpass Nevada in a few years as the world's largest gambling destination.
Macau, a Chinese coastal territory that is less than an hour by boat from Hong Kong, has attracted major U.S. ... (read more)
Gaming Industry Wins Key Ruling in Lawsuit11 August 2004
The gaming industry claimed a partial victory Tuesday when a federal appeals court ruled that the millions of people who have lost money playing video poker and electronic slot machines over the years cannot be included as plaintiffs in a lawsuit against more than 60 gaming companies that are accused of civil racketeering.
... (read more)
Sands Has More Reason for IPO Than Stock Options10 August 2004
Wall Street analysts say the stellar stock appreciation of competitor Wynn Resorts Ltd. -- rather than the ability to issue stock options -- is a primary motivation behind an anticipated public offering of stock by the owner of The Venetian resort in Las Vegas.
Las Vegas Sands Inc., controlled ... (read more)
Golden Nugget Cash Flow Up, Alliance Quarterly Results Improve10 August 2004
LAS VEGAS -- The owner of the Golden Nugget casinos in Las Vegas and Laughlin reported increases in revenue and cash flow in the second quarter but profit fell as the company spent more on advertising and added marketing staff, among other things.
Marketing efforts such as "The Casino," a ... (read more)
Park Service's Plan to Buy Hacienda Advances6 August 2004
A casino near the entrance to Lake Mead that has long been eyed by developers is one step closer to becoming property of the National Park Service.
Wednesday, Secretary of the Interior Gale Norton approved about $20 million for the purchase and restoration of the Hacienda hotel-casino near ... (read more)
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