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Richard N. Velotta Gaming Guru - Page 32Wynn's Macau Project Growing10 June 2004
LAS VEGAS -- Las Vegas casino executive Steve Wynn will build a larger resort in Macau than anticipated. On Wednesday he outlined plans for a $705 million resort with a large casino, 600 hotel rooms and retail and restaurant amenities.
In a Securities and Exchange Commission filing Wednesday, Wynn Resorts Ltd. ... (read more)
'Wal-Mart Effect' Seen With Potential Casino Merger9 June 2004
LAS VEGAS -- As talks continue on a potential merger between MGM MIRAGE and Mandalay Resort Group, the potential fallout of such a blockbuster deal is being assessed by the companies' employees and suppliers.
One observer predicts a successful merger would result in a "Wal-Mart effect" -- that is a ... (read more)
Uncertainties Surround MGM Mirage Buyout Offer8 June 2004
Investors waited intently today as a 5 p.m. deadline neared on MGM MIRAGE's $7.65 billion offer to acquire Mandalay Resort Group and as buyout talks continued between the Las Vegas casino-resort giants.
As the deadline neared, observers and analysts mulled over several ... (read more)
Kerkorian Strikes Again7 June 2004
LAS VEGAS -- MGM MIRAGE's surprise bid to buy out Mandalay Resort Group had the familiar signature of a legendary deal maker.
Who else but Kirk Kerkorian, majority owner of MGM MIRAGE shares, could engineer such a stunning proposal to acquire one of the hottest casino companies on the ... (read more)
Vegas Buzzes on Holiday Weekend1 June 2004
Las Vegas' summer travel season got a strong Memorial Day kickoff as tourists shook off record-high gasoline prices to fill the city's hotels, show rooms and restaurants.
Representatives of local resorts said entertainers ranging from pop singer Prince to comedian Jay Leno drove traffic to their ... (read more)
Investor Plans Casino on Vegas Hotel Site27 May 2004
LAS VEGAS -- One of the unsuccessful bidders for the Aladdin hotel-casino and the Las Vegas Hilton is acquiring the Alexis Park Hotel and plans to build a casino on the property.
Richard Alter, managing director of Financial Capital Investment Co., Los Angeles, said Wednesday that his company is ... (read more)
Official: Innovations for Table Games on Rise26 May 2004
LAS VEGAS -- Spurred by the current rage of pokermania, table games will make a resurgence in casinos, an MGM MIRAGE executive says.
Felix Rappaport, president and chief operating officer of the New York-New York hotel-casino, said Tuesday that while table games will never reach the popularity -- ... (read more)
Bellagio Executive Details Power Outage26 May 2004
LAS VEGAS -- Glenn Bonner and his staff handle 220,000 computer help calls a year, but none were as challenging as the one he received on Easter Sunday.
Bonner, chief information officer of MGM MIRAGE, and his staff endured a three-day stress test April 11-14 when 22,000 feet of high-voltage ... (read more)
Hard Rock Deal Rejected21 May 2004
LAS VEGAS -- A hearing has been ordered on the Hard Rock hotel-casino's controversial advertising campaign, even though the state attorney general's office, the state Gaming Control Board and casino management had brokered a settlement.
The Nevada Gaming Commission on Thursday voted unanimously to ... (read more)
Experts: Vegas Should Fly Through Airline Turmoil19 May 2004
The nation's established air carriers are continuing to lose ground to upstart low-cost competitors, speakers at an aviation conference in Las Vegas said Tuesday.
While the big six U.S. airlines are in a battle for survival that will require them to seek mergers, alliances or even file for ... (read more)
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