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Rod Smith Gaming Guru - Page 23Results Vigorous for Venetian's Parent11 August 2004
With a $419.9 million profit from the sale of its Grand Canal Shoppes in May, Las Vegas Sands posted record net income of $454.6 million in the second quarter, up from $9.6 million a year earlier.
The company, owner of The Venetian in Las Vegas and Sands Macau, also got a boost from the opening ... (read more)
Resilient WMS Industries Reverses Loss10 August 2004
In what Wall Street analysts and company executives call a successful turnaround story, WMS Industries on Monday posted net income of $896,000, or 3 cents per diluted share, for the quarter ending June 30, reversing a loss of $5.2 million, or 17 cents a share, a year earlier.
WMS President Brian ... (read more)
Palazzo Financing: Sands Has IPO Plan for Resort9 August 2004
Based on surging demand for Las Vegas as a business and leisure travel destination, Las Vegas Sands is proceeding full-speed ahead with financing for a $1.6 billion, 3,000-room resort adjacent to The Venetian.
The company, which owns The Venetian in Las Vegas and the Sands Macao and is controlled ... (read more)
Nevada Defies Jobless Trend9 August 2004
, Hubble Smith and John G. Edwards
Many Las Vegas employers, defying national trends as they have since the recent recession started four years ago, were adding jobs in July.
Keith Schwer, director of the Center for Business and Economic Research, said job growth in Nevada was about 4 percent in July, although final employment numbers will not be released by the state until Aug. ... (read more)
The Strip: Protesters Stage Rally at Aladdin5 August 2004
With the expected takeover of the Aladdin by the Planet Hollywood ownership group less than a month away, an estimated 1,500 union protesters rallied Wednesday against the property's failure to recognize the union's organizing claims.
Culinary spokeswoman Maya Holmes said that even though the ... (read more)
Critics Rush to Pan Schwarzenegger's Las Vegas Appearance4 August 2004
and Rod Smith
Without so much as a sneak preview, some notable critics dismissed today's planned Arnold Schwarzenegger Strip stage show as too much style and too little substance.
California's Republican governor has rented the Fashion Show mall's Great Hall and will at 12:30 p.m. transform a ... (read more)
Inside Gaming: Survey Says: Las Vegas Worth Second Look3 August 2004
It seems the latest MRC Group Research Institute survey of visitor attitudes has caused quite a stir. As reported in the Las Vegas Review-Journal Business section July 20, it found visitors growing leery of Las Vegas. Because of all the "off-the-record" fuss the survey caused, MRC has decided to conduct a ... (read more)
Nevada Gaming Commission: Hard Rock Ad Issues Unresolved3 August 2004
Despite two months of talks between the Hard Rock Hotel and the state attorney general's office, the Nevada Gaming Commission on Thursday said larger policy issues affecting the industry and the community had to be addressed before the casino's allegedly pornographic advertising case can be resolved. ... (read more)
MGM Mirage-Mandalay Merger Hits Snag28 July 2004
LAS VEGAS -- MGM Mirage's pending $7.9 billion buyout of Mandalay Resort Group hit its first snag
Tuesday when the Federal Trade Commission officially requested more information from
the two companies about the competitive consequences of their proposed merger.
Antitrust experts said the so-called ... (read more)
Harrah's Execs: Database Mining Key to Marketing Success27 July 2004
LAS VEGAS -- The key to Harrah's Entertainment's marketing success has been its centralized
database mining, a trio of company executives told attendees at the 2004 National
Conference on Casino Marketing on Monday.
The conference, being held at the Rio from Sunday through today, was produced ... (read more)
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