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Rod Smith Gaming Guru - Page 10Gaming Companies: Harrah's Joins Caribbean Venture8 November 2005
Las Vegas-based Harrah's Entertainment, the world's largest gaming company, Monday announced plans to dip its toes into the Caribbean area, joining forces with two other hospitality giants to develop a $1.6 billion destination resort.
Baha Mar Resorts will ante up 57 percent of the largest-ever, ... (read more)
Boyd Weathers Through Quarter4 November 2005
LAS VEGAS – Boyd Gaming Corp. took a serious hit from hurricanes Katrina and Rita in the third quarter, but still managed to beat Wall Street expectations thanks to a lifeline from the Las Vegas locals market and Atlantic City.
"The Las Vegas locals market is solid and the Borgata (in Atlantic City) ... (read more)
Market in Review: Gaming Stocks Slide in October1 November 2005
Wall Street jitters over soft room rates and faltering demand for Las Vegas vacations sent gaming stocks sliding in October for the third straight month.
The Dow Jones U.S. Gambling Index dropped 6 percent for the month, closing Monday at 436.46, almost 20 percent from the high it reached at the ... (read more)
Wynn Bets on Name13 October 2005
LAS VEGAS -- Wynn Resorts Ltd. is doing a lot more than padding its bottom line with the sale of
Wynn-branded retail and hotel products, a top executive said this week.
It's betting the house it can turn name recognition into a brand identification that
will lure guests and keep them coming back. ... (read more)
Nevada Economy: Gaming Win Rises in August12 October 2005
Nevada casinos continued their winning streak in August, reporting their third-best month ever and the 13th straight month of record-setting growth.
The Nevada Gaming Control Board on Tuesday reported August's statewide win was $989 million, up 9.3 percent from $905.1 million the previous August.
"The ... (read more)
Analysts Expect More Good News for Vegas Groups7 October 2005
LAS VEGAS -- Major Las Vegas gaming operators finished the third quarter with never-before-seen profits and historic growth, thanks to surging demand fueled by the opening of Wynn Las Vegas, analysts said this week.
"The numbers we're looking at represent phenomenal growth rates, not likely to ... (read more)
New Survey: Gas Prices Could Hurt Las Vegas Gaming4 October 2005
The Las Vegas gaming industry could be in for a rough ride this fall if gasoline prices pass $3 a gallon in Southern California, a recent survey suggests.
The research by MRC Group, Nevada's largest market research firm, found Las Vegas is likely to lose 48 percent -- or about 5 million -- of its ... (read more)
Inside Gaming Column: Bulls Base Outlook on Relentless Boom3 October 2005
Wall Street remains bullish on gaming. Despite rising gasoline prices and airfares and the wreckage from hurricanes hitting the rest of the hospitality industry hard, analysts say America's infatuation with gambling never seems to flag, thanks to the love affair baby boomers are having with Las Vegas. ... (read more)
Mandarin Oriental to Manage CityCenter's Anchor Hotel16 September 2005
LAS VEGAS -- The prestigious Mandarin Oriental Hotel Group will manage the hotel anchor at the $5 billion CityCenter project on the Strip, MGM Mirage officials announced Thursday.
Mirage Resorts President Bobby Baldwin, who is overseeing the CityCenter project, said the local Mandarin Oriental ... (read more)
Nevada Economy: State Gaming Win Up in July12 September 2005
Nevada casinos continued their winning streak in July, reporting their 12th straight month of record-setting growth and the fastest growth rate in nearly five years.
The Nevada Gaming Control Board reported Friday the statewide win in July was $958.4 million, compared with $812.7 million the previous ... (read more)
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