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Rod Smith Gaming Guru - Page 11Nevadan At Work: Wynn Exec Follows Rebellious Spirit12 September 2005
Wynn Resorts Ltd. Senior Vice President Arte Nathan says he has enjoyed the thrill of helping developer Steve Wynn open new hotels.
When he was growing up, Arte Nathan always felt he had a choice between becoming a rabbi and becoming a lawyer.
So in the spirit of being a rebellious child of ... (read more)
Las Vegas Room Rates Unchanged9 September 2005
LAS VEGAS – Visitor demand for Las Vegas as a destination seemed to fade at the end of the third quarter as room rates remained unchanged from the year before.
The main factor in the relative deceleration in price increases was tough comparisons with 2004, which had record rate increases, ... (read more)
Station Casinos Expect to Exceed Projections9 September 2005
LAS VEGAS -- Wall Street analysts jumped on the Las Vegas locals market bandwagon Thursday after Station Casinos announced third-quarter earnings exceeded earlier projections, thanks to the strength of the local economy.
In a Securities and Exchange Commission filing, Station said third-quarter ... (read more)
Boyd Buys Land Under Barbary Coast7 September 2005
Moving to consolidate its control of one of the smallest but most valuable parcels of land on the Strip, Boyd Gaming Corp. on Monday bought the land under the Barbary Coast for $15.7 million.
With the 1.8-acre acquisition, Boyd Gaming now owns 4.3 acres on the northeast corner of the Las Vegas ... (read more)
Poor Earnings Reports Contribute to Drop1 September 2005
LAS VEGAS -- Gaming stocks were routed on Wall Street in August.
The Dow Jones U.S. Gambling Index tumbled almost 6 percent to close at 466.66, and every major Nevada-based casino company came out a loser.
In a rare reversal of fortune, the Standard & Poor's 500, which closed the month at ... (read more)
Analysts: Conventional Wisdom Likely for Stardust31 August 2005
Boyd Gaming Corp. remains mum about its plans for the Stardust and the land on the Strip on which it sits.
But gaming industry experts agree that a convention center is likely to be part of whatever Boyd decides to do with the 63-acre site.
Boyd Gaming President Keith Smith, who dropped the veil a ... (read more)
Aladdin Going Hollywood22 August 2005
These Planet Hollywood slots and some interior signs mark the start of the Aladdin's transition to the Planet Hollywood Resort & Casino.
A year after a Robert Earl-led investor group bought the Aladdin, the re-branding of the property is under way and the renovation work is about to ... (read more)
Gaming: More Rules Swamp Casino Industry17 August 2005
Casino operators and slot manufacturers are struggling to manage mounting waves of private, federal and state regulations, industry experts said Tuesday.
The latest concern is new regulations from credit card companies, due out in September, that are designed to protect against the growing national ... (read more)
Casino Development: Hopes High for High-Rise16 August 2005
The South Coast is going to be a lot more than just another locals casino when it opens early next year, industry experts said Monday.
The $600 million project, which started filling 2,400 positions with a job fair Saturday, will be the first high-rise hotel-casino to be built south of the airport runways on Las Vegas Boulevard.
... (read more)
Atlantic City Still Seen As Little Threat8 August 2005
Atlantic City is undergoing a renaissance that city fathers say represents a new dawn, but which industry experts say will leave the Mid-Atlantic destination an isolated regional market in a dynamic world of casino developments.
While Atlantic City's new-found interest in younger, high roller and ... (read more)
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