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News - Page 1646

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Adelson: Many Investors Priced Out of Vegas Market

The price of playing with the big boys on the Strip is limiting competition for some developers, according to Sheldon Adelson.

Ameristar Vying for Philadelphia Slots License

News Brief: Ameristar, a Las Vegas-based operator of riverboat and land casinos has emerged as another contender for a Philadelphia slots license.

Waterloo, Iowa Wins Tight Casino Site Poll

News Brief: Downtown Waterloo won by a nose in a straw poll on competing gambling sites at a business exposition this week.

Resorts Results Up

Resorts reports caming revenues for Q4 were $54.8 million, compared to $46.9 million for Q4 2003. Net revenues for the quarter were $50.6 million, compared to $44.0 million in the prior year.

Casinos' Work Force Numbers Dip

More than 416,000 new jobs were created in Nevada over a 10-year period, but the state's hotel-casino industry accounted for only 12.7 percent of those positions, an economic impact study conducted for the Nevada Resort Association shows.

Hard Rock Helped by Nightclub

Powered by strong drink sales at its new nightclub, Body English, the Hard Rock hotel-casino enjoyed a solid fourth quarter, company leaders said Thursday.

San Juan Council Opposes Casino

News Brief: The San Juan City Council voted unanimously to oppose a Miwok casino in San Benito County, backing up the recent decision by the San Benito County Board of Supervisors with hopes Hollister's City Council will follow suit.

Harrah's to Pay Contractor Bills

News Brief: Owners of Morsey Inc. say gaming giant Harrah's Entertainment has promised to pay them more than $1.35 million overdue for work on a dormant $62 million Harrah's hotel and events center project on the Metropolis riverfront.

Minnesota Legislation Would Allow Two Metro Casinos

News Brief: Casino legislation being negotiated between Governor Tim Pawlenty and three Indian tribes would allow lawmakers to license up to two metro-area casinos and provide a promise that the Legislature would not authorize any more for some period into the future.

Illinois County Audits Riverboat Grants

News Brief: Kane County is conducting an audit to determine exactly how nearly $75 million in so-called riverboat grants has been spent since 1997.

Texas Suffers Another Blow

The Texas economy suffered another blow when Louisiana Downs recently announced an increase in the average 2005 daily purse offerings up to $210,000.

Iowa Problem Gamblers Sign Up for Self-Ban

News Brief: About 240 gambling addicts have signed agreements voluntarily banning themselves statewide from Iowa's riverboats and racetrack casinos, state officials said today.

Hard Rock Celebrates 10th Anniversary

Hard Rock Hotel & Casino announces an impressive weekend lineup to celebrate the hotel's 10th Anniversary.

Ruling May Not Change Casinos' Leave Policy

A Nevada court decision that awarded millions after finding that sick casino workers who opted to work rather than take unpaid time off contributed to a virus outbreak is not likely to change benefits policies.

West Virginia Bill Would Allow Gambling Expansion Vote

News Brief: State Senator Andrew McKenzie plans to introduce a bill today that would allow voters in four West Virginia counties with racetracks to decide whether to add casino-style table games to the slot machines that already ring up $854 million in annual profit.

Ohio AG Cautions Against Land Deals

News Brief: Saying it could be 20 years before Shawnee Indians can build a casino in Ohio, state Attorney General Jim Petro cautioned local governments against making land deals with the tribe.

Nevada Lottery Approved to Help Fund Education

The Nevada Assembly Education Committee passed a bill that would amend the state Constitution to allow a lottery that would fund class-size reduction, books and other classroom supplies.

Las Vegas Tourism Turns Around

After decades of struggling to overcome visitors' collective apathy and apprehension, tourism in downtown Las Vegas may have finally turned a corner in 2004.

In KC, Penny Ante Is Now The Favorite

News Brief: Penny slots are now Kansas City's most popular casino game.

Palms Casino Releases Expansion Plans

The Palms Casino Resort is embarking on a new era of growth that will change the skyline surrounding its landmark location.

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