 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Rod Smith Archives
More Strategy Experts
|
Rod Smith Gaming Guru - Page 41Report: Horseshoe Gaming Buyout Risky3 December 2003
Harrah's Entertainment's planned $1.45 billion buyout of Horseshoe Gaming Holding Corp. creates substantial investor risks even though it may make strategic sense, a Merrill Lynch investor advisory warned Tuesday.
The biggest problem cited is incompatible corporate cultures. Other hurdles include taxes, ... (read more)
Casinos of Future Getting Smaller2 December 2003
LAS VEGAS -- Smaller resorts likely will be more dominant in the future of Las Vegas, according to nearly half the respondents in a final American Gaming Association survey released Monday.
At the same time, prospects for themed resorts and megaresorts are muted, just under half of the survey respondents ... (read more)
Stock Index Makes Jumps1 December 2003
Gaming stocks broke loose in November, outpacing the Standard & Poor's 500 Index 3-to-1 and setting a string of records for the month and the year-to-date.
Driven by solid earnings and prospects for gaming proliferation, casino stocks continued to climb in November with the Applied Analysis Gaming ... (read more)
California Plans May Impact Nevada28 November 2003
The course California elects to take on expanding gambling to clip the state's budget deficit has industry experts concerned about the possible impact on Nevada.
At least one industry expert is warning that political leaders in Nevada need to make the case that the economies of the two states are ... (read more)
Trade Show Business Thriving25 November 2003
Convention center insiders and Wall Street analysts are bullish about business in December and the 2004 first quarter despite storm clouds being reported on the horizon.
Deutsche Bank analyst Marc Falcone said December appears stable despite being a traditionally slow period, and 2004 is shaping up to be ... (read more)
Money Laundering: Gaming Board Pushed for Probe24 November 2003
NEVADA -- The Nevada Gaming Control Board, not the Tokyo Metropolitan Police Department, originally uncovered suspected money laundering activities taking place at local casinos by Tokyo loan shark Susumu Kajiyama and tipped off law enforcement agencies in the United States and Japan.
Gaming sources close ... (read more)
Inside Gaming Column: Investors See Golden Opportunity Downtown24 November 2003
Why would multimillionaires Tim Poster and Tom Breitling want to buy the Golden Nugget anyhow? Their strategy is to become the un-MGM Mirage, Forbes magazine reports in its current issue. The Golden Nugget's former owner fixed prices to line up with its other properties' room prices. The new owners will be free to play the market. ... (read more)
New York-New York Gets New Marquee Sign17 November 2003
LAS VEGAS --New York, the city, is well-known for its Jumbotron in Times Square, but New York-New York, the hotel-casino, has been the only Strip destination without a marquee of its own.
Now, for the first time since it was built in 1997 at the intersection of the Strip and Tropicana Avenue, that's about to change. ... (read more)
Casino Giants Take Different Online Approach14 November 2003
LAS VEGAS -- Three casino giants, amid shifting trends in online room reservations and online gaming, are taking sharply different tacks.
A recent survey by Goldman, Sachs & Co. Investment Research found that customers booking rooms online between August and October saved an average of about 5 percent on room rates compared with about 20 percent the year before. ... (read more)
Casinos Tied to Money Laundering14 November 2003
LAS VEGAS -- Several Las Vegas casinos have been tied to money laundering activities involving a major Japanese loan shark who was arrested Thursday in Japan, according to Nevada gaming regulators.
The so-called "Emperor of Loan Sharks," Susumu Kajiyama, 54, was charged with organized crime ... (read more)
< Previous 10 Articles | Next 10 Articles > |