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Rod Smith Gaming Guru - Page 16Visitors: Wynn Stay Not in Plans29 March 2005
LAS VEGAS -- Las Vegas developer Steve Wynn likes to wrap up private tours of his new $2.7 billion
megaresort by telling guests they have to admit the public is going to love the
place.
Judging from a recent survey, a lot of leisure and business travelers agree with him
-- but not all ... (read more)
Inside Gaming: Benjamins Outweigh Beauty at Wynn Resort21 February 2005
Read all about it. Steve Wynn is about to open a beautiful resort. Forget the aesthetics, however. What he's really doing is opening a magic money machine.
Will it work? Probably. Despite the danger in second-guessing the public, Wynn says his new casino is going to be a big winner at the box ... (read more)
Inside Gaming Column: California Gamin' All About Suckers14 February 2005
In Southern California, there seems to be a consensus in the hospitality industry and the media about tribal casinos: They're for suckers. And they're no competition for Las Vegas, as hospitality executives see it.
Prove it? Easy. Just ask yourself, when was the last time you planned a long weekend or an extended vacation at a tribal casino? Californians aren't that different from us. ... (read more)
Big Six's Earnings Soar 40 percent in '0417 January 2005
With the top six gaming companies about to report that their combined earnings are up more than 40 percent, analysts are predicting the Las Vegas gaming industry is entering the largest expansion in at least five years.
"We think Wall Street is very willing to loan the sector money right now, given the ... (read more)
Wynn Las Vegas: Everybody Form a Line10 January 2005
With guests lining up across the country for the opening of Wynn Las Vegas, developer Steve Wynn is proving an old adage true: Nothing succeeds like success.
Already, Wynn Las Vegas' group and convention reservations, the earliest barometer of its likely success or failure, are running ahead of ... (read more)
Taxes Will be Higher for Casinos, Too28 December 2004
In a major reversal of fortune, the current taxable value of Las Vegas-based casino companies jumped more than 6 percent from the two preceding years, an annual list released by the Clark County tax assessor's office shows.
Appreciation in the taxable value of casino companies remained stable for more than two years following the economic downturn related to the Sept. ... (read more)
Inside Gaming Column: Sands Execs Revved Up For IPO: The Tour29 November 2004
Wall Street analysts say the gurus at Las Vegas Sands, owner of The Venetian, start the road show Monday for their $524 million initial public stock offering. Sands President Bill Weidner and Senior Vice President Brad Stone plan to hawk shares at about $22 each to investors in New York, Boston, Chicago and Dallas. ... (read more)
Another Bit of Yesterday Blown Away17 November 2004
and Rod Smith
Another chapter in Las Vegas' colorful history closed beneath a cloud of dust and rubble early Tuesday morning following the implosion of the Desert Inn's nine-story Palms and St. Andrews towers.
On a cool but windless autumn evening, a series of explosive blasts disrupted an unusually quiet Strip shortly after 2:30 a.m. ... (read more)
British Government Deals Losing Hand to Harrah's, MGM Mirage17 November 2004
Harrah's Entertainment and MGM Mirage emerged as losers Tuesday when the British government announced its initial plans for the deregulation of gaming in the United Kingdom, Wall Street analysts said.
The British government has been debating the so-called Gambling Bill, which would legalize Las Vegas-style gambling with unlimited slot machines jackpots. ... (read more)
In the Locals Market, Closeness Counts16 November 2004
Closeness to home aces out other factors when Las Vegas locals are deciding where to gamble, a new survey by Goldman Sachs Global Investment Research found.
In the Goldman Sachs survey released Friday, 21 percent of respondents said they decided which casino to frequent based on its location, compared with 12 percent who decided based on the atmosphere and friendliness of the casino. ... (read more)
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