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Rod Smith Gaming Guru - Page 29

Rod Smith
 
 

Station Casinos Plans High-Rise Resort

20 May 2004
LAS VEGAS --Station Casinos has set its sights on developing a high-rise destination resort that will rival the Rio and the Palms as soon as work wraps up on its new Red Rock Station. The locals casino giant will build its new flagship hotel-casino, including at least 1,000 rooms, at the 50-acre ... (read more)
 

Las Vegas Casino Interests Open New Era in Macau

19 May 2004
An estimated 50,000 gamblers and curiosity seekers Monday helped Sheldon Adelson open Macau to "an exciting new era" for U.S. investments in China's multibillion-dollar gaming market. It took just minutes for an overflow crowd of about 30,000 to rush in and pack Adelson's Sands Macau casino after it opened its doors for the first time Monday night. ... (read more)
 

Analysts Disagree on Macau's Long-Term Consequences for Las Vegas

18 May 2004
Sheldon Adelson, owner of The Venetian, launched a new era of U.S. gaming with the opening today of his $240 million, 1-million-square-foot Sands Macau casino and entertainment complex. The new resort is just the first phase of a $5 billion to $10 billion project Adelson is planning that will turn ... (read more)
 

Sands Macau to Lead Development in China

6 May 2004
MACAU -- Gaming magnate Sheldon Adelson's 1-million-square-foot Sands Macau casino and entertainment complex, which is leading a wave of new casino developments off the coast of China, is expected to open May 18. The $240 million Sands Macau will be owned by Adelson's holding company, Las ... (read more)
 

Strip Development: Expansion Already in Wynn Plan

4 May 2004
LAS VEGAS -- Wynn Resorts Monday announced plans for a $198 million expansion of Wynn Las Vegas, just under a year before the $2.4 billion megaresort's planned opening. Deutsche Bank analyst Marc Falcone called the announcement a positive surprise for Wynn investors. "This certainly ... (read more)
 

Gaming Execs Make Forbes Compensation List

4 May 2004
Top executives at four Nevada gaming companies -- Caesars Entertainment, Harrah's Entertainment, International Game Technology and MGM Mirage -- made this year's Forbes list of compensation at the top 500 U.S. companies. Although the company bosses may not enjoy the kind of publicity making the ... (read more)
 

Rising Gaming Stocks Torpedoed

3 May 2004
Profit-taking and investor doubts that Las Vegas can sustain its ongoing business boom shot a hole in ballooning gaming stocks, which dropped in price as a group in April for the first time since January 2002. The Dow Jones gaming index of casino stocks fell to 423.24 in April, down nearly 6.5 percent from March and twice the drop in broad market indicators. ... (read more)
 

Dan Chandler, Caesars Marketing Legend, Dies

30 April 2004
Legendary casino host Dan Chandler, who raised the expression "My man!" to an art form in Las Vegas gaming circles, died in his sleep Tuesday in his father's cabin on the family's Versailles, Ky., estate. He had health problems in recent months and was found dead by his brother, A.B. Chandler Jr., who called his death "a bad shock" to the family. ... (read more)
 

Casino Earnings: A Simply Smashing Quarter

28 April 2004
LAS VEGAS -- Las Vegas Sands, owner of The Venetian, Tuesday posted record-smashing results for the first quarter of 2004 with cash flow of $103.9 million, edging out the Bellagio's standout $99 million first-quarter cash flow. Las Vegas Sands President Bill Weidner said in the history of Las ... (read more)
 

Ritz-Carlton Pursuing Vegas Property

27 April 2004
LAS VEGAS -- Millions of visitors go on shopping sprees in Las Vegas, but not many of them with the style or on the scale of Simon Cooper. Cooper, president of the five-diamond Ritz-Carlton hotel company, has been shopping for a site on the Strip to develop a second Las Vegas area five-star, luxury hotel. ... (read more)

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