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Rod Smith Gaming Guru - Page 43Cruise Lines Lure Would-Be Customers, But Las Vegas Casino Operators Unfazed15 October 2003
LAS VEGAS -- Cruise lines are flexing their muscles with trade groups, saying the industry represents a major challenge to gaming operators.
Casino-hotel operators, however, see the burgeoning cruise business as their newest feeder market and are moving full-speed-ahead to develop partnerships ... (read more)
Nevadan At Work: Peter Bernhard, Chairman, Nevada Gaming Commission14 October 2003
NEVADA -- Nevada Gaming Commission Chairman Peter Bernhard says he isn't competitive except with himself.
"I don't want to beat anyone else. I only want to meet or beat my own expectations of what I can do," he said. "I didn't want to look back and wonder if I could make it at Harvard."
But the ... (read more)
'Siegfried & Roy at The Mirage': Show Officially Ends14 October 2003
MGM Mirage officials dropped the final curtain on "Siegfried & Roy at The Mirage" Friday when they told the last 202 employees the show would not go on.
The dismissals came one week after illusionist Roy Horn was critically injured on stage by Montecore, his 600-pound white tiger.
One veteran ... (read more)
California Gaming May Expand, Hurt Nevada9 October 2003
NEVADA -- The election of Arnold Schwarzenegger as governor of California will likely spawn further gaming expansion there and spell trouble for Nevada casinos, analysts said Wednesday.
"If (Lt. Gov. Cruz) Bustamonte had been elected, you'd probably have seen Indian reservations in downtown L.A.," Blaylock and Partners analyst Ray Neidl said. ... (read more)
Bettors Predict Schwarzenegger Will Win Easily8 October 2003
CALIFORNIA -- If you believe the betting public, body-builder-turned-action-hero-turned-politician Arnold Schwarzenegger is pretty much a shoo-in to replace Gray Davis as California governor in today's recall election.
Futures players using the Iowa Electronic Market are betting almost six-to-one Davis ... (read more)
Major Operators: Profit Lift Slight for Big Players8 October 2003
LAS VEGAS -- Despite the bravado about soaring room rates and surging demand for leisure travel, earnings at the major Las Vegas operators barely held their own in the just-ended third quarter, Wall Street estimates suggest.
Overall, combined net income for the Big Six operators increased to an estimated ... (read more)
Mandalay Group Denies Exit Strategy in Stock Sale by Two Managers7 October 2003
Las Vegas Gaming Wire
Mandalay Resort Group released a statement Friday denying that Mike Ensign or Bill Richardson had any exit strategy for leaving the company.
The Review-Journal reported Friday that Ensign, Mandalay Resort's chairman, and Richardson, the company's vice chairman, sold their ... (read more)
Fine Art in Las Vegas, Galleries Struggle to Find Their Niche7 October 2003
LAS VEGAS -- Skeptics paint a dismal picture of how well art exhibits benefit Las Vegas' tourism industry, but visitors still visit them and Strip megaresorts continue to stage events like the new Chatsworth exhibit that opened Sept. 13 at the Bellagio Fine Arts Gallery.
"It's the Homer Simpson syndrome," explained MRC Group Research Institute Chief Executive Officer Jim Medick. ... (read more)
Mandalay Execs Sell off Shares3 October 2003
LAS VEGAS -- Mike Ensign and Bill Richardson have sold off the last of their stock holdings in Mandalay Resort Group, leading analysts to speculate Thursday that the longtime casino executives are preparing to leave the company they helped form.
Ensign, Mandalay Resort's chairman, and Richardson, ... (read more)
Analysts: Gaming Stocks Continue to Climb2 October 2003
LAS VEGAS -- Driven by the recovery in leisure travel, gaming stocks continued to climb in September with the Applied Analysis Gaming Index of local gaming stocks up more than 5 percent for the month.
The monthly weighted average of eight local stocks rose to 189.27 in September, up from 180.14 in ... (read more)
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