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Rod Smith Gaming Guru - Page 36Caesars to Sign Tribal Gaming Deal18 February 2004
Caesars Entertainment will announce a preliminary agreement today with the Big Sandy Band of Western Mono Indians to develop and manage a $200 million tribal casino near Fresno, Calif., company and tribal officials said Tuesday.
"It's a good deal for Caesars, but it's not necessarily a good deal for ... (read more)
Closed Casino: Waiver Letter Riles Ex-Workers16 February 2004
LAS VEGAS -- Binion's Horseshoe workers are crying foul over demands they sign a general release against the company in return for limited repayments of medical expenditures.
The workers last week were sent letters, signed by Binion's Horseshoe in-house counsel Angela Runz, asking them to sign a ... (read more)
Nevadan At Work: Matthew Hileman, Marketing director, Bellagio Gallery of Fine Art16 February 2004
Matthew Hileman has traveled a long way to land in an odd little place -- a Kunsthalle, or small, privately owned art gallery in the desert.
The local Kunsthalle is the Bellagio Gallery of Fine Art, and Hileman is marketing director.
Small art galleries or Kunsthalles, such as the Bellagio Gallery of Fine Art, are rare even today despite their growing popularity around the world. ... (read more)
Nevada Economy: Casino Companies Still Top Tax List16 February 2004
NEVADA -- The tax man cometh, but his bite is not quite the same for everybody.
The current taxable value of Clark County's top casino companies actually dropped slightly from last year, an annual list released by the Clark County assessor's office showed.
The major taxpayers also shifted position with MGM Mirage retaining its No. ... (read more)
Aztar Results Drop12 February 2004
LAS VEGAS --Aztar Corp., owner of the Tropicana in Las Vegas, had a tough fourth quarter despite
getting a big boost from the rebounding visitor market in Las Vegas, the company
reported Wednesday.
Net income dropped to $11.7 million in the fourth quarter, down 3 percent from $12.1
million a year ... (read more)
Future in Limbo for Castaways, Former Workers11 February 2004
LAS VEGAS -- More than 100 former Castaways workers turned out Tuesday for help at a one-stop re-employment assistance center even while the new owner of the hotel-casino confirmed several businesses have expressed an interest in buying the property.
"It was a good first day, but there's a pool of over 650 workers who have until Friday" to go through the Nevada Partners center at 710 W. ... (read more)
MGM Mirage Calls Reports of Imminent Deal with Macau Magnate Premature11 February 2004
LAS VEGAS and MACAU -- MGM Mirage confirmed Tuesday it still has its sights on developing a new casino in Macau, but said reports over the weekend of an imminent deal between Stanley Ho and the Las Vegas gaming giant were premature.
MGM Mirage spokesman Alan Feldman said reports a $566 million casino ... (read more)
Mergers and Acquisitions: With Boyd Deal, Stability10 February 2004
The $1.3 billion merger between Boyd Gaming Corp. and Coast Casinos is likely to help jump-start redevelopment of the Stardust as a world-class resort and stabilize the locals casino market in Las Vegas, Wall Street analysts and industry experts said Monday.
Goldman Sachs analyst Steve Kent called ... (read more)
Asbestos-Removal Challenges May Hamper Hotel Projects9 February 2004
Workers on Friday completed asbestos removal and demolition of the Vagabond Inn and Tam O'Shanter Motel on the Strip and Sands Avenue, Las Vegas Sands officials said.
The asbestos-removal project, which took 19 days to complete and cost between $500,000 and $1 million, was the first step in the site ... (read more)
New Gaming Giant: Boyd, Coast Set Up Merger9 February 2004
Boyd Gaming Corp. and Coast Casinos are expected to announce today a $1.3 billion merger that will create the largest locals casino company in Nevada and one of the most diversified gaming firms nationwide.
Under the terms of the merger agreement, reached late Friday and unanimously approved by the ... (read more)
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