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Rod Smith Gaming Guru - Page 28Harrah's Wins Big with World Series of Poker3 June 2004
LAS VEGAS -- The record-shattering 2004 World Series of Poker, which drew 34,000 players at
satellite, Internet and championship events, proved pivotal in defining the event's
emerging image and attracting new customers to its new owners, Harrah's
Entertainment.
However, even as the dust settles ... (read more)
Tribal Accords Would Mean $1 Billion Upfront for California2 June 2004
Four tribal casino operators have reached agreements with California Gov. Arnold Schwarzenegger allowing for unlimited slots in return for promises to pay an immediate $1 billion to the state and $250 million more yearly, Wall Street analysts said Tuesday.
The tentative agreements in the current ... (read more)
Sands Macau Packed, But Trailing Other Casinos2 June 2004
MACAU -- Player demand for casino action at Sheldon Adelson's Sands Macau has kept the tables and slots packed with about 45,000 players on weekends and 35,000 players weekdays since it opened May 18, the company and Wall Street sources said Tuesday.
Analysts, however, said that while the Sands ... (read more)
Southern Nevada Economy: Casino Stock Gauge Declines in May1 June 2004
Gaming stocks, after enduring a month-long selling binge in which average prices skidded more than 15 percent, rallied in the last two weeks of May.
Gaming analysts called the sell-off and price drop a midcourse correction, although they remained cautious about gaming stocks' fortunes in the second half of 2004. ... (read more)
Caesars Palace Opens Exotic Car Dealership28 May 2004
LAS VEGAS -- Caesars Palace plans to open an exotic-car dealership in October, a marketing ploy
industry experts say should help polish the resort's once-tarnished image and add to
the attraction of Las Vegas as a visitor destination.
The new dealership, which Caesars Entertainment officials ... (read more)
Las Vegas Culinary Workers Get Wage Boost27 May 2004
LAS VEGAS -- Culinary union members will soon see a substantial wage boost because of cost savings
in the union's health plan that are being passed on in hourly pay increases, a union
official said Wednesday.
D. Taylor, secretary-treasurer of Culinary Local 226, said the average wage of $12.20
for all casino union members will increase by 4.9 percent effective Tuesday. ... (read more)
Analysts Herald Turnaround for Caesars27 May 2004
NEW YORK -- Capping what Wall Street is calling a remarkable turnaround year for Caesars
Entertainment, company President Wally Barr mapped out a plan for shareholders
Wednesday that will increase revenues, cut costs and reduce debt for the casino
giant.
Wall Street was generally bullish on the ... (read more)
TV Makes Stars of Casino Operators26 May 2004
Go ahead and touch that dial. The odds are increasing that you'll still land on a station with a television show about Las Vegas.
With the June 4 debut of "American Casino," a televised series about Station Casinos and the Fertitta brothers who run it, Las Vegas will serve as the setting for five prime time series this summer and fall. ... (read more)
Icahn Casino Reshuffle Ending26 May 2004
American Real Estate Partners, billionaire Carl Icahn's holding company, is expected to today complete the reorganization and financial restructuring of its Nevada and New Jersey casinos, including the Stratosphere in Las Vegas.
Richard Brown, president of American Entertainment Properties, ... (read more)
Gaming Commissioner Set to Step Down Soon25 May 2004
Veteran Nevada Gaming Commissioner Augie Gurrola, whose third four-year term expired April 27, will step down as soon as Gov. Kenny Guinn decides on a successor.
Gurrola, who has served on the five-member commission since April 28, 1992, has agreed to remain on the board until a replacement is sworn in. ... (read more)
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