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Rod Smith Gaming Guru - Page 14The Future of Las Vegas: The Big Two and Then Who?6 June 2005
This is the second of two stories examining how mergers are affecting competition in the gaming industry.
Despite a year of investigations and regulatory hearings on the two biggest mergers in gaming industry history, the question of whether the buyouts are damaging to competition and the local ... (read more)
Study: Gaming Industry is Easy Prey2 June 2005
LAS VEGAS -- The gaming industry is more vulnerable to the taxing whims of state legislators than
any other segment of the national economy, a white paper released Wednesday by the
American Gaming Association said.
"Always short of money, lawmakers look eagerly for taxes they can safely ... (read more)
Gambling Beyond Nevada: Betting's Spread Sputtering30 May 2005
The spread of gaming across the country has slowed recently to a crawl, the victim of greedy local officials in wannabe gambling towns and the boom in Las Vegas, industry insiders and experts said Thursday.
He might As recently as the 2000 and 2002 election cycles, a majority of the states had ... (read more)
Observers Foresee Continued Growth for Vegas Room Rates25 May 2005
LAS VEGAS, Nevada -- Defying normal supply pressures, hotel occupancy rates and room rates are expected to surge in the next 12 months despite increasing supply, a Lodging Industry Investment Council Survey released Tuesday said.
Gaming industry experts said the survey of top lodging investors and ... (read more)
Bulls Cry Back: Gaming Will Stay in Black25 May 2005
LAS VEGAS, Nevada -- In a decidedly bullish report on Las Vegas and the gaming industry, investment banking giant Bear Stearns on Tuesday projected the industry would enjoy an average rate of return of 16 percent on total investments of $25 billion over the next five years.
Despite recent ... (read more)
Bank Foresees Downturn for Gaming24 May 2005
International investment banking giant Merrill Lynch is projecting that the casino industry's rate of return on investments will fall, citing development issues that it said make the industry's financial prospects challenging.
Gaming companies on average enjoyed improved returns on investment in 2004, but ... (read more)
Golden Gate TV Ad Spoofs Wynn18 May 2005
Another local gaming executive has climbed to the top -- the top of his own casino, that is.
This time it's the owner of the Golden Gate, who appears atop the historic downtown hotel-casino in a new television ad that both mocks and capitalizes on developer Steve Wynn's commercial promoting his new $2.7 ... (read more)
Analysis Warns of Gaming's Future17 May 2005
Merrill Lynch is warning that prospects for the gaming industry may be dimming, saying Wall Street recently may have been caught up in a general, but misleading, euphoria about casinos and Las Vegas.
"While it is easy to get caught up in the euphoria surrounding gaming, which has been robust over the past ... (read more)
The Strip: Overbuilt? Not Yet ...16 May 2005
Although 30,000 more hotel rooms will likely open on the Strip between now and 2010, there is little chance Las Vegas faces a glut or price wars, insiders and analysts believe.
Still, a building boom of that magnitude carries risks for developers and the destination alike, they said.
For now, ... (read more)
Gaming Stocks: Rating of Wynn Lowered10 May 2005
Goldman Sachs Group on Monday downgraded its rating on Wynn Resorts Ltd., citing jitters about the gaming industry in general and the owner of the Strip's latest megaresort in particular.
"From a coverage standpoint, this is our least-favorite industry and we want to reduce our exposure to (the ... (read more)
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