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Liz Benston Gaming Guru - Page 60Harrah's, Horseshoe Agreement Official22 January 2004
and Jeff German
LAS VEGAS -- Harrah's Entertainment Inc. today said it signed a definitive agreement to purchase Binion's Horseshoe in downtown Las Vegas and is working to re-open the historic hotel-casino. Terms were not disclosed, though sources close to the deal have estimated it to be worth more than $50 million. ... (read more)
Legislators, Experts Address Gambling's Effect on States12 January 2004
LAS VEGAS -- At a conference of legislators in Las Vegas over the weekend, officials from about a dozen states gathered to bemoan the lack of reliable studies on the effects of gambling and to tackle some of the most controversial topics facing the casino industry, from the expansion of Indian casinos to gambling addiction. ... (read more)
Scott's Associates Promoting Racinos in Idaho19 December 2003
IDAHO -- A group that emerged this month to promote slot machines at race tracks in Idaho has ties to Shawn Scott, a Las Vegas investor who has tangled with regulators in Nevada and New York.
The representative who presented the proposal to Idaho officials to legalize track slots, Debbie Bishop, is on ... (read more)
Shuffle Master Plans to Sell Slot Assets12 December 2003
LAS VEGAS -- Just a few years after entering the intensely competitive slot machine business, a growing casino supply company in Las Vegas is exiting slots to focus on its core enterprise of making card shufflers, table games and related equipment.
During a conference call Thursday to discuss the company's fourth-quarter earnings, Shuffle Master Inc. ... (read more)
New York Racino Back on Track11 December 2003
LAS VEGAS -- Las Vegas gambling giant MGM MIRAGE said today it would resume construction of a slot machine casino at the big Aqueduct Race Track in Queens, N.Y., following the resolution of a three-year federal investigation into criminal activity by race track clerks in New York.
Earlier this ... (read more)
Group Wants to be Player in Gaming Decisions9 December 2003
LAS VEGAS -- Since its founding in 1996, the National Center for Responsible Gaming has raised more than $10 million for research on gambling addiction, worked with clinicians to develop a standard for treatment and replaced gambling myths with more than a dozen peer-reviewed research projects.
But the ... (read more)
Lawsuits Likely Over Nevada Entertainment Tax24 November 2003
LAS VEGAS -- Even after getting the nod from the state's top tax attorney, the final draft of regulations governing a new tax on live entertainment is likely to contain loopholes that will result in disputes and even lawsuits over whether certain venues are taxable, regulators say.
After several hours ... (read more)
IGT Prepares to Enter U.K. Gambling Market17 November 2003
LAS VEGAS -- While some of the world's largest casino companies make headlines seeking potential sites to build gambling halls and resorts in Britain, the world's largest slot maker isn't far behind.
With the potential deregulation of gambling laws in the United Kingdom more than two years away, ... (read more)
Park Place Postpones UK Deals14 November 2003
LAS VEGAS -- While its competitors in Las Vegas are inking deals with British casino companies to develop potential casinos in the United Kingdom, Park Place Entertainment Corp. is taking a different approach.
The company expects to wait at least six months before making any major announcements about ... (read more)
Harrah's, Horseshoe Gaming Merger Studied7 November 2003
LAS VEGAS -- The Federal Trade Commission has asked Harrah's Entertainment Inc. and Horseshoe Gaming Holding Corp. for more information about the pending $1.46 billion acquisition by Harrah's of Horseshoe Gaming, indicating the federal agency is investigating competition issues.
The request was announced today in a joint release issued by both Las Vegas companies. ... (read more)
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