 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Liz Benston Archives
More Strategy Experts
|
Liz Benston Gaming Guru - Page 7Web betting is wedge for Big Gaming25 November 2008
LAS VEGAS, Nevada -- Casino companies may be commiserating over their earnings troubles, but they are squabbling like extended family at Thanksgiving dinner over the prospect of legalized Internet gambling.
After more than a decade of hit-and-miss efforts by individual casino companies and interest groups ... (read more)
At expo, talk of leaner times replaces bombast24 November 2008
LAS VEGAS, Nevada -- The Global Gaming Expo is the casino industry's largest pep rally.
For the past several years, the convention where the gambling world's latest and greatest bells and whistles are unveiled has been full of managerial bravado and bluster.
Not this year.
The three-day event, ... (read more)
Adelson bails out Sands with talk, cash17 November 2008
LAS VEGAS, Nevada -- There are plenty of gambling metaphors that fit the impressive bailout of Las Vegas Sands last week by its chief executive, Sheldon Adelson.
By investing another $525 million of his family's money in the company, on top of $475 million he put up in September to keep it out of default, ... (read more)
Ruling on gyms to have big effect on nightclubs, too10 November 2008
LAS VEGAS, Nevada -- Todd Phillips, a pale, slender and soft-spoken man who wears glasses, doesn't look like a much of a tough guy.
And yet his persistence in pursuing a discrimination complaint he filed against a chain of local gyms — resulting in a public hearing by the Nevada Equal Rights Commission's ... (read more)
Problem gambling programs thriving despite downturn10 November 2008
AS VEGAS, Nevada -- Thanks in part to slot machine taxes, compulsive gamblers no longer have to pick up the phone to get information about local support groups and treatment programs.
They can find it on the Nevada Council on Problem Gambling's Web site, which lists more than 30 Gamblers Anonymous ... (read more)
Companies, lenders in delicate dance5 November 2008
LAS VEGAS, Nevada -- In years past, casinos that filed for bankruptcy were doomed from the start.
Once they opened, the Stratosphere and the Aladdin, for example, weren't competitive enough to dig themselves out from under the piles of debt they took on in the beginning.
Circumstances today are different for the major casino companies and their lenders. ... (read more)
It may be good time to buy, sell a casino3 November 2008
LAS VEGAS, Nevada -- In the market for a casino?
Now might be just the time. Or, if the economy worsens, in several months, when some earnings-poor gaming companies have loans coming due and find it hard to refuse some cold hard cash.
With downturns come bargains and with bargains come deals — and ... (read more)
MGM Mirage stock still on downslide24 October 2008
LAS VEGAS, Nevada -- Those investors who figured MGM Mirage couldn't trade much below $20 a share a few weeks ago got another nasty surprise today, when bond rating agency Fitch Ratings issued an especially bearish outlook on the company.
MGM Mirage serves as a bellwether for the Strip, where it owns ... (read more)
Caesars empire goes modern with latest hotel expansion24 October 2008
LAS VEGAS, Nevada -- These days, Caesars Palace is looking a lot less Roman Empire and more Empire State.
When it opens its sixth hotel tower, Octavius, next summer the flagship property of the world's largest casino company will be another step closer to the look and feel of luxury hotels found in ... (read more)
Poker pro leads fight for casino smoking ban21 October 2008
A career poker player who pushed for smoking bans in poker rooms and tournaments is now leading a fight to prohibit smoking on casino floors across Nevada.
Tom McEvoy is the public face for a new grass-roots group, Gamblers Against Secondhand Smoke, which is pushing for a ban in the last bastion for ... (read more)
< Previous 10 Articles | Next 10 Articles > |