Las Vegas Sun

May 6, 2024

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Jeff Simpson

Story Archive

Binion's sale closes
Thursday, March 11, 2004
Finally, the deal is done.
MTR: Binion's deal on track
Wednesday, March 10, 2004
Harrah's Entertainment Inc. Chief Executive Gary Loveman explained on Tuesday why the casino-operating giant had no long-term interest in running downtown Las Vegas' Binion's Horseshoe, and why buyer MTR Gaming Group will be a positive for downtown.
New sale of Binion's parcel set
Tuesday, March 9, 2004
A Clark County District Court judge this morning set aside Friday's probate sale of a parcel underneath the closed Binion's Horseshoe hotel-casino in downtown Las Vegas.
Golden Nugget owners say TV show cameras draw gamblers
Tuesday, March 9, 2004
It's been a great six weeks for the new co-owners of downtown's Golden Nugget, Tim Poster and Tom Breitling said Sunday evening.
Harrah's confident deal will close
Monday, March 8, 2004
The sale of Binion's Horseshoe to West Virginia-based MTR Gaming Group is expected to close Tuesday despite a last-minute $1.805 million bid by former state Sen. Bill O'Donnell on a small piece of property underneath the Fremont Street property in downtown Las Vegas, a Harrah's Entertainment Inc. spokesman said Sunday.
Schaeffer defends share sales
Friday, March 5, 2004
Mandalay Resort Group President and Chief Operating Officer Glenn Schaeffer this morning answered questions about the massive share sales by the company's top two officers, saying the sales were clearly motivated by personal reasons.
Room rates, occupancy drive Mandalay earnings
Friday, March 5, 2004
Mandalay Resort Group continued riding high on a wave of powerful Las Vegas performances in its fiscal fourth quarter, posting better than five times the net income than in the prior year's quarter, the Strip giant reported Thursday.
Hard Rock challenging gaming board complaint
Thursday, March 4, 2004
The Hard Rock Hotel said Wednesday it will fight a complaint filed by Nevada gaming regulators that claims the boutique Paradise Road property's advertising violates state rules because of references to illegal activity and sexually suggestive content.
MTR Gaming OK'd for Binion's purchase
Thursday, March 4, 2004
Downtown landmark Binion's Horseshoe is set to reopen on April 1 after state gaming regulators approved the $50 million sale of Binion's Horseshoe to West Virginia-based MTR Gaming Group in Wednesday hearings.
Barrick Gaming bullish on downtown
Thursday, March 4, 2004
Prospective downtown casino owner Barrick Gaming expects to be a key player in a revitalization of the classic gaming market, company executives said Wednesday as they announced a sequence of new investments they hope will energize the four hotel-casinos they plan to buy from gaming pioneer Jackie Gaughan.
Barrick Gaming discloses major investment plan
Wednesday, March 3, 2004
The state Gaming Control Board today recommended approval for Barrick Gaming Corp.'s purchase of most of Jackie Gaughan's downtown Las Vegas real estate assets, including four hotel-casinos.
Las Vegas slot parlor closes
Tuesday, March 2, 2004
The Town Hall slot parlor on Koval Lane south of Flamingo Road closed Monday because of financial problems.
April 1 target for opening Horseshoe
Tuesday, March 2, 2004
If Harrah's Entertainment executives get their way, the sale of Binion's Horseshoe will take place Thursday and they'll begin next week interviewing workers from the 52-year-old property who want to return to work.
Figures in Venetian contest-rigging land at Indian casino
Friday, Feb. 27, 2004
Two of the casino executives fired by the Las Vegas Strip's Venetian resort for their involvement in the rigging of three 2002 promotional contests are still working in the casino business.
Earl thinking of time shares for Aladdin site
Friday, Feb. 27, 2004
Planet Hollywood International Inc. Chairman Robert Earl thinks a couple of thousand time share units may be the best way to use a vacant parcel next to the Aladdin that he and his partners would acquire as part of the Las Vegas megaresort they've agreed to purchase out of bankruptcy protection.
Wynn says rule changes will advance Chinese casino
Thursday, Feb. 26, 2004
Recent developments make it clear that Wynn Resorts will soon begin building its Wynn Macau resort, Steve Wynn said Wednesday.
Individuals not named in Venetian complaint
Thursday, Feb. 26, 2004
Don't look for the names of The Venetian executives responsible for rigging three February 2002 contests for high-rolling gamblers in the complaint and settlement agreement the megaresort and the Gaming Control Board agreed to Tuesday.
Venetian settles complaint over rigging of contest
Wednesday, Feb. 25, 2004
Rigging a 2002 contest to make sure a losing gambler won a Mercedes-Benz and violating other state rules will cost The Venetian $1 million, as the Strip megaresort agreed to a settlement this morning with state regulators, settling a 12-count Gaming Control Board complaint.
Latino theme eyed as possibility for Castaways
Wednesday, Feb. 25, 2004
The Castaways would be transformed into Las Vegas' first hotel-casino marketed directly to Hispanics if a trio of small casino operators exercise an option to buy the 49-year-old property.
Las Vegas lifts gaming stocks
Tuesday, Feb. 24, 2004
The power of the Las Vegas casino business is driving gaming industry stocks to near-record heights, industry experts said Monday.
Potential buyers weigh Castaways' potential
Friday, Feb. 20, 2004
Three weeks after closing, the Castaways is generating interest from prospective buyers, including a trio of small casino owners who've toured the property and are interested in buying and reopening the 49-year-old hotel-casino.
Wynn drops bid in Illinois
Friday, Feb. 20, 2004
Las Vegas casino resort developer Steve Wynn is abandoning efforts to develop a casino in the Chicago area, but is simultaneously moving closer to building his long-planned casino in China.
Speedway owner teams on Binion's Horseshoe purchase
Thursday, Feb. 19, 2004
Don't write off the name "Binion's" too soon.
Strip Club owner hit with Gaming Control Board complaint
Thursday, Feb. 19, 2004
Nevada gaming regulators have filed a complaint against Las Vegas topless dancing club owner Pete Eliades, charging that he sold a 50 percent stake in his Olympic Garden club without obtaining required approval from the state Gaming Control Board and the Nevada Gaming Commission.
Hard Rock, Control Board talks continue
Wednesday, Feb. 18, 2004
The Hard Rock hotel-casino and lawyers for the state Gaming Control Board are still negotiating toward a possible settlement of the board's Jan. 21 complaint involving the Hard Rock's advertising campaigns, after regulators' lawyers granted the Hard Rock a two-week extension as the two sides try to resolve their differences.
Caesars confident ruling won't derail N.Y. tribal deal
Tuesday, Feb. 17, 2004
Caesars Entertainment Inc. executives don't believe a Friday decision by a federal judge ordering the Bureau of Indian Affairs to review its decision to recognize the government of a New York tribe will block the company's deal to build and manage a tribal casino in the Catskill Mountains.
Second tower planned
Friday, Feb. 13, 2004
Steve Wynn plans a half-billion dollar expansion of his $2.4 billion megaresort, with construction on a second tower set to begin before Wynn Las Vegas' scheduled April 2005 opening, industry insiders say.