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Rod Smith Gaming Guru - Page 6Diversity Remains Target for Companies11 May 2006
LAS VEGAS -- Despite accolades from business and community leaders, MGM Mirage executives conceded at their annual diversity program presentation Wednesday that they have a long way to go in building a company and industry that fully reflects American culture.
The Rev. Jesse Jackson, speaking from the ... (read more)
Inside Gaming Column: Water, Fields Part of Wynn's Vision8 May 2006
Megadeveloper Steve Wynn says that while he will yield to the pressures of economics and close his golf course in the long run, he'll never give up using the green space and water features as the central elements of his prize resort. Otherwise, he'd just be re-creating the Ginza in Tokyo or Times Square in New York City, he says. ... (read more)
Back For More, Encore1 May 2006
LAS VEGAS, Nevada -- Steve Wynn celebrated the first anniversary of Wynn Las Vegas Friday with a ground-breaking ceremony for the resort's second hotel-tower.
Encore will be a $1.74 billion, 2,054-room hotel-casino project adjacent to the developer's $2.7 billion, 2,716-room Wynn Las Vegas ... (read more)
Earnings: A Bright Quarter for Boyd26 April 2006
Boyd Gaming Corp. marked multiple milestones in the first quarter with record earnings and the consolidation of Coast Casinos into its Las Vegas locals operation.
"(Boyd's performance) shows the resilience of the casino industry despite consumer weaknesses in the rest of the economy," said Matt Jacobs, ... (read more)
Big Six Post Record Profits21 April 2006
LAS VEGAS -- The "Big Six" gaming operators are starting 2006 with record-breaking profits, up nearly 45 percent from the first quarter 2005, thanks to surging demand for Las Vegas as a destination, strong table play in casinos and the two biggest mergers in industry history, analysts said this ... (read more)
Inside Gaming Column: Harrah's Keeps Hopes High for Caesars18 April 2006
Harrah's Entertainment, which bought Caesars Entertainment last year for $9.4 billion, is turning competitors' heads with its high hopes for Caesars Palace. Industry insiders say its goal is to use the 40-year-old resort to generate, before the end of the decade, more than $400 million in annual cash flow -- earnings before interest, depreciation, taxes and amortization. ... (read more)
Nevadan at Work: Varied Experience, Rich Relationships Make Work Rewarding for Boyd Exec18 April 2006
Bill Noonan is in charge of administrating the world's third-largest casino company, but he isn't motivated by playing the odds.
Instead, Boyd Gaming Corp.'s senior vice president of administration gets his kicks from the thrill of running a far-flung business enterprise, working with employees to ... (read more)
The Strip: No Stopping This Shopping10 April 2006
Rather than taking a breather after two years of megamergers, the sale and consolidation of casino companies are shifting into high gear.
Just in the past two weeks, agreements were announced to buy two gaming companies with aging Strip properties but valuable and developable land.
The first ... (read more)
Red Rock Resort Gets Solid Reviews6 April 2006
LAS VEGAS -- Rave reviews from Wall Street analysts for Red Rock Resort sent Station Casinos shares soaring Wednesday.
Station Casinos held a well-attended sneak preview for analysts Tuesday at its newest property, which opens April 18. Company executives laid out their long-term growth ... (read more)
Inside Gaming: Harrah's May Spell Expansion C-a-e-s-a-r-s3 April 2006
Plans are afoot for a $1 billion expansion of Caesars Palace, with an announcement due in four or five months, street sources say. The new Augustus Tower already is increasing foot traffic and returns on investment in the casino, but scuttlebutt is that owner Harrah's Entertainment is confident quality can be increased and more high rollers can be reeled in with a top-flight expansion. ... (read more)
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