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Stardust memories: Boyd helped end era of mob control of Las Vegas casinos

30 October 2006
LAS VEGAS, Nevada -- When the Stardust closes for good this week, Boyd Gaming Corp. Chairman Bill Boyd will mark the end of another era in Las Vegas. Boyd's career has spanned the transition of Las Vegas casinos from mob-run operations to corporate-owned companies, said David Schwartz, director of ... (read more)

Stardust memories: Cornero never saw his Stardust dream come true

30 October 2006
LAS VEGAS, Nevada -- Like many of Las Vegas' early casino operators, Anthony "Tony" Cornero clearly was mobbed-up when he conceived the Stardust in the 1950s. But in the end, Cornero was little more than a Las Vegas footnote, said Bill Thompson, a University of Nevada, Las Vegas professor who ... (read more)

Inside gaming column: Next dust heap may be Hilton, some say

30 October 2006
LAS VEGAS, Nevada -- Colony Capital's 3,174-room Las Vegas Hilton could soon be history, Strip scuttlebutt suggests. Deutsche Bank's Bill Lerner last week told investors "recent channel checks" suggest wrecking crews in the next 12 months to 18 months will level an unidentified hotel-casino that hasn't hit anyone's radar yet. ... (read more)

Casino company earnings: Big Six swinging big sticks

24 October 2006
It's likely that the Big Six gaming operators combined will hit a financial home run when they start reporting their results for the third quarter later this week. Together, the major operators are expected to report record net income of $1.3 billion, up 220 percent from net income of $405 million a year ... (read more)

Inside gaming column: Wall Street expects big things in Macau

10 October 2006
LAS VEGAS, Nevada -- Wall Street analysts are more bullish than ever about how big the gaming market in Macau could get, raising estimates a whopping 20 percent for near-term business. Experience from two years at Sands Macau and the opening of Wynn Macau have convinced analysts there should be an added $2 billion in the former Portuguese colony's mass market by 2010. ... (read more)

Inside Gaming Column: More Riders on Monorail Stoke Hopes for Casinos

2 October 2006
Ridership is up and increasing on the Las Vegas Monorail during peak periods, 8 to 10 a.m. and 4 to 6 p.m. weekdays, anecdotal evidence suggests. That's a critical contribution to managing the traffic woes of the resort corridor and relieving guest anxieties, hotel-casino operators say. It's also ... (read more)

Inside Gaming Column: Land, Not Casino, May Draw Bids for Riviera

18 September 2006
Sharks are circling the Rivera. With the rejection of a $426.5 million bid from Riv Acquisition Holdings, East Coast investors are starting new due-diligence checks. After all, the bid died because many shareholders had bought in for more per share than the proposed sales price and the company's land was considered vastly undervalued. ... (read more)

Inside Gaming Column: Staff had Plenty of Notice of Stardust Exit

11 September 2006
These are the best of times and worst of times for the workers at the Stardust. While Boyd Gaming Corp. announced last week the hotel-casino will close Nov. 1 to make way for the $4 billion Echelon Place, the company has also given workers nearly a year's notice, since January, to settle into new jobs. ... (read more)

Remembering Sept. 11, 2001: After Disaster, Rebirth

11 September 2006
LAS VEGAS, Nevada -- For the gaming industry, the five years since the Sept. 11, 2001, terrorist attacks started with the deepest downturn in the industry's history. But they ended in a remarkable recovery that redefined what the business is all about. American Gaming Association President Frank ... (read more)

Gaming Industry: Gaming Stocks End Slide

5 September 2006
NEW YORK -- A gaming stock index rose modestly in August as excitement over next week's opening of Wynn Macau pulled the group out of a sharp three-month slide. The Dow Jones U.S. Gambling Index, a Dow Jones & Co. industry index of 64 publicly traded casino companies, closed at 547, up 4.2 percent from 525 at the end of July. ... (read more)

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