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Rod Smith Gaming Guru - Page 9Inside Gaming: A Flashy Strip Project That Won't Stop Traffic16 January 2006
Boyd Gaming Corp.'s $4 billion Echelon Place development has a great advantage over other developments, both for the company and the community. It's unlikely to disrupt the traffic already packed into the area of the Strip. With easy access from Industrial Road and Interstate 15 as well as the Strip, ... (read more)
Boyd's Shares Bounce Back Up6 January 2006
LAS VEGAS -- With two days to absorb details of Boyd Gaming Corp.'s proposed $4 billion Echelon Place, mollified Wall Street investors Thursday embraced the company's plans for the new resort.
Shares in Boyd closed Thursday at $47.33, up $1.24, or 2.7 percent, on 1.2 million shares traded, double ... (read more)
Inside Gaming: Bargain Seekers Squeeze High End19 December 2005
With all the hoopla over average room rates edging down before the holidays, one trend was overlooked that could be even more significant in the long run. While room rates started the year 25 percent higher than a year earlier and finished a little lower than a year earlier, rates at high end properties (Caesars Palace, The Venetian, The Hotel and Bellagio) fell substantially. ... (read more)
Room Rates: Recipe for Just Desserts12 December 2005
Back in the days of Bugsy Siegel and Benny Binion, it was probably simple to set room rates: $29 a night gets you a room, $39 a suite. Build it and they will come.
But it's not simple anymore, especially for MGM Mirage, which owns the most hotel-casinos (12) and the most resort rooms on the Strip ... (read more)
MGM Mirage Executive Plays Matchmaker With Diverse Businesses28 November 2005
It's easy to miss the little white clapboard building squeezed in between the Carriage House and MGM Grand on Audrie Lane amid the razzle-dazzle of casinos and the massive hotel towers on the Strip.
The building could be part of the set for MGM's 1930s Andy Hardy movie series, but instead, it's the human ... (read more)
Developer Adapts East Coast Tactics to New Cosmopolitan Project24 November 2005
LAS VEGAS -- Manhattan and Miami developer Bruce Eichner, for now, seems to be the odd man out on the Strip.
To quote the song Frank Sinatra made famous, Eichner is developing the $1.8 billion Cosmopolitan his way, breaking new ground for the Strip projects in ownership, financing, size, room ... (read more)
Nature of the East23 November 2005
Manhattan and Miami developer Bruce Eichner, for now, seems to be the odd man out on the Strip.
To quote the song Frank Sinatra made famous, Eichner is developing the $1.8 billion Cosmopolitan his way, breaking new ground for the Strip projects in ownership, financing, size, room density, retail mix, ... (read more)
AGA Looks at FBI Snooping10 November 2005
LAS VEGAS -- The issue of the FBI snooping on visitors to Las Vegas and their private lives is coming home to roost.
American Gaming Association Chairman Frank Fahrenkopf said the issue is a priority for his organization and will discuss it at the group's Dec. 7 board meeting in Las Vegas.
The ... (read more)
Stardust's New Glow9 November 2005
Recent record profits out of the aging Stardust, Boyd Gaming Corp.'s hotel-casino at the north end of the Strip, enhance its redevelopment prospects, industry experts agree.
But the newfound success of the 50-year-old property may not be a harbinger for other properties north of Spring Mountain Road ... (read more)
Lawsuit Says Caesars Execs Shortchanged9 November 2005
Wally Barr Former president of Caesars files multimillion class action lawsuit against Harrah's Entertainment.
Former Caesars Entertainment President Wally Barr has filed a multimillion-dollar class action lawsuit against Harrah's Entertainment.
Barr claims Harrah's, which bought Caesars last summer, ... (read more)
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