News - Page 1709

Harrah's Entertainment Inc. has decided not to extend a one-year option to manage Binion's Horseshoe in downtown Las Vegas and will instead transfer management of the historic casino to MTR Gaming Group Inc. in March.

A second planned hotel tower at Wynn Las Vegas is expected to include 1,500 suites at a cost of about $900 million, Wynn Resorts Ltd. announced Monday.

News Brief: Twentysomethings have seized on the new Las Vegas as a 24-hour playground where the partying never ends.

News Brief: A Commonwealth Court panel has tossed a former state legislator off the Pennsylvania Gaming Control Board but said he could be legally reappointed at the end of the month.

News Brief: Leaders of the Turtle Mountain Band of Chippewa plan to spend the next three months trying to persuade residents to support a casino in this city.

News Brief: Although some experts worry about gambling addictions, other experts and many retirees say casinos have improved the quality of their lives by providing a change of pace and intellectual stimulation.

International News Brief: Glittery Las Vegas gambling has arrived in seedy Macau, promising new charms for China's inveterate players, and this former Portuguese colony may never be the same.

After correctly predicting that Bush would win reelection, BetWWTS.com has calculated odds on the 2008 Presidential election, including who will win nomination for President by the Republican and Democratic Parties.

Wheeling Island Gaming, Inc. reports Q3 operating revenues of $30.9 million, a decrease of $0.2 million or 0.7% compared to Q3 2003. Income from operations for was $11.0 million or $0.4 million lower than Q3 2003.

News Brief: Wynn Resorts fell more than 6% Tuesday following an analyst's downgrade and news the casino company will dilute its common stock.

Wynn Resorts, Limited has agreed to sell 7,500,000 shares of its common stock to Deutsche Bank Securities Inc.

The Sands Regent reports that it has agreed to sell 1,120,000 shares of its common stock to institutional investors for $8.25 per share in cash in a private placement transaction.

Kerzner International Limited reported a net loss in Q3 of $11.2 million, compared to net income of $6.5 million in Q3 2003, resulting in diluted net loss per share of $0.32 compared to diluted net income per share of $0.22 in the same period last year.

Tony Vee will bring an energetic selection of popular musical hits to Boomtown Hotel and Casino Reno’s Can Can Theater.

Wynn Resorts, Limited reports its intended expansion of its Wynn Las Vegas project on 20 acres of land adjacent to the existing site.

MTR Gaming reports total revenues for Q3 were $85.2 million compared to $84.1 million in Q3 2003. Net income was $5.9 million or $.20 per diluted share, compared to $6.0 million or $.21 per diluted share in Q3 2003.

News Brief: Opening a legal fight that could determine whether California can control the growth of Indian gambling, the Schwarzenegger administration has notified two tribes that they are operating games that violate their state compacts.

News Brief: According to a poll, a slim majority of El Paso voters favor a casino in New Mexico.

News Brief: The license for a stand-alone slots casino in Pittsburgh won't be awarded for another two years, but already some powerful players are saying, in effect, ‘Not in my back yard.’

News Brief: A popular television show about playing poker has made the card game all the rage. Houstonians who can't seem to get enough have found ways to cash in on the new fad.