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Liz Benston Gaming Guru - Page 58Bellagio Power Outage Tied to Material Failure25 May 2004
LAS VEGAS -- A county investigation into the power failure that shut down the Bellagio for more than three days and led to the displacement of thousands of customers and employees last month hasn't turned up an explanation for what caused material to degrade, leading to the failure, the county's ... (read more)
Vegas Tourism Agency Head Voted In21 May 2004
LAS VEGAS -- Rossi Ralenkotter, voted in Thursday to replace Manny Cortez as the top executive of the Las Vegas Convention and Visitors Authority, said he expects to continue the work done by Cortez to attract more visitors to Las Vegas and expand the agency's popular "What Happens in Vegas, Stays in Vegas" ad campaign. ... (read more)
For Gambling Addicts, Center is a Lifesaver20 May 2004
LAS VEGAS -- When Barbara found out about the Problem Gambling Center from a friend several months ago, she obtained approval from her insurance company to pay for part of the treatment expenses. But she didn't come in for her first therapy session for another three months.
"I was scared. I thought I could fix the problem myself without my husband finding out. ... (read more)
Analysts: Station on Track20 May 2004
LAS VEGAS -- Station Casinos Inc. executives were met with applause during the company's annual meeting Wednesday as shareholders cheered stock holdings that doubled over the past year -- the highest gain of any major casino company -- and celebrated a slew of upcoming business deals that have earned the adoration of Wall Street. ... (read more)
Harrah's Review Focusing on Chicago Area18 May 2004
Federal regulators studying a major merger involving Harrah's Entertainment Inc. have recently focused their attention on the potential market concentration of Harrah's casinos around the Chicago area, an official for Harrah's said Monday.
For the past several months, the Federal Trade Commission has been investigating Harrah's pending acquisition of Horseshoe Gaming Holding Corp. ... (read more)
Casino Companies Face Overtime Claims14 May 2004
LAS VEGAS -- Groups of security workers at Caesars Entertainment Inc. and MGM MIRAGE properties are suing the companies, saying they violated state and federal labor laws by requiring employees to report early for work and not paying them for the extra time.
The most recent suit, filed this month in ... (read more)
MGM Mirage Profit Soars 50%21 April 2004
Profit at MGM Mirage more than doubled in the first quarter as the improving economy and special events including Chinese New Year and the Super Bowl boosted results at the company's resorts in Las Vegas, the company reported today.
Company officials said they still don't know what caused two ... (read more)
Harrah's Optimistic on Fourth Vegas Property21 April 2004
Harrah's Entertainment Inc.'s top executive today said prospects for opening a fourth hotel-casino in Las Vegas using the "Horseshoe" brand look good and that the company is "taking a look at growth prospects for Las Vegas."
During a conference call to discuss the company's first-quarter ... (read more)
Bellagio Plans to Reopen Wednesday13 April 2004
The Bellagio remained closed today without power while the property installed and tested thousands of feet of power lines to replace damaged cables feeding the 3,000-room casino resort.
The property made plans to reopen Wednesday as tourists gawked at the idled Las Vegas Strip resort, subject of ... (read more)
U.S. Slot Stocks Off on U.K. Report7 April 2004
Shares of two major U.S. slot and video poker machine makers fell this morning as British legislators issued an interim report today recommending a more cautious approach to gambling deregulation than anticipated, a move that analysts said will dampen plans by U.S. casino companies to profit from an ... (read more)
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