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Rod Smith Gaming Guru - Page 32Casino Stocks: Gaming Index Soars5 April 2004
The average value of Las Vegas-based gaming stocks surged by a record amount to hit an all-time high in March, beating all the broad market indicators in the process, analysts said Friday.
The Applied Analysis Gaming Index soared to 254.64 in March, up 79 percent, or 112.8 points, from 141.87 a year earlier, and up 8.6 percent for the month or 20.2 points, compared with February. ... (read more)
Sam's Town Celebrates 25th Anniversary2 April 2004
LAS VEGAS --The locals market in Las Vegas is so hot today, it's sometimes hard to remember the
pioneers who got that segment of the gaming industry started.
When it opened a quarter of a century ago, Sam's Town was a pioneer out on what was
then the dusty edge of Las Vegas but on the cutting edge of the gaming industry. ... (read more)
Culinary, Resorts Launching Ad Campaign to Build, Diversify Hotel-Casino Staffs29 March 2004
LAS VEGAS -- The Culinary Training Academy, a nonprofit partnership of the Culinary union and 24 resort operators, on Friday announced it will launch a first-of-its-kind ad blitz next week to recruit workers for the gaming industry.
The campaign was designed by R&R Partners to meet twin ... (read more)
Cashless Slots Becoming More Popular29 March 2004
The race to cashless slots is picking up speed and should accelerate in the next two years as small- and medium-size casinos join the stampede, a Goldman Sachs survey released this week said.
Reno-based International Game Technology, the world's biggest slot maker, continues to set the pace and benefit the most, with Australia-based Aristocrat Technologies picking up steam. ... (read more)
Downtown Redevelopment: Keeping The Piece29 March 2004
Downtown developers and operators are a wrangling lot, but on one thing they agree: The patchwork, crazy-quilt ownership of many downtown Las Vegas land parcels poses a serious impediment to revitalization efforts.
Just how serious a problem "parcelization," as it is called, can be was ... (read more)
Golden Nugget Owners Bank on Technology25 March 2004
LAS VEGAS -- Travelscape founders Tim Poster and Tom Breitling, the new owners of the Golden
Nugget who built their reputations in the high-tech business, are again banking their
fortunes on technology.
The Poster Financial Group principals Wednesday awarded a contract to ... (read more)
States Fight for Gaming Dollars25 March 2004
LAS VEGAS -- Local fiscal concerns are touching off another war between the states for gaming
revenues, just when it seemed as if the economic recovery might lead the industry
into a period of consolidation rather than more proliferation.
Deutsche Bank analyst Marc Falcone said the new wave of ... (read more)
Harrah's Pushing Renovation for Binion's Reopening23 March 2004
LAS VEGAS -- Harrah's Entertainment crews were scrambling Monday at Binion's Horseshoe to wrap up $1 million in improvements and ready the downtown landmark for its planned April 1 reopening.
However, every effort is being made to preserve the property's Horseshoe identity, said executives at ... (read more)
Business Returning at Record Levels as War Jitters Subside22 March 2004
Las Vegas is hot again, and not just temperature-wise.
On the anniversary of the start of the Iraq war to oust Saddam Hussein, tourists and local resort officials agree that business is returning to record-setting levels as Americans begin looking to get away from the TV news and anxieties about new ... (read more)
Battling The Drought: The Water Use Myth22 March 2004
LAS VEGAS -- Gaggles of visitors stroll up and down the Strip, agog over the spectacle, especially features such as the fountains, the tropical landscaping, and the assorted pools and water features.
"Awesome. But you'd think when they tell us we have to order water (in hotel restaurants), they'd ... (read more)
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