Las Vegas-based Boyd Gaming Corp. has bought a four-story, 110,000-square-foot office building at Rainbow Sunset Pavilion, a 25-acre retail and office park on Rainbow Boulevard, one-half mile north of the Las Vegas Beltway. The price of the building was not disclosed. However, a recent report from Marcus & Millichap showed office space selling at more […]
Monthly Archives: April 2006
Station Casinos announced Tuesday it had repurchased $232 million of its common stock as part of an accelerated share buyback program that the company initiated in February. The announcement came a week before Station opens Red Rock Resort, its most ambitious resort project to date. In all, Station said it expects to buy back more […]
As reported by the Reno Gazette-Journal: “Reno casinos reported $61.3 million in gambling revenue in February, nearly a 10 percent rise from February 2005. Despite the strong gain, the Las Vegas Strip has at least 24 casinos that each do a minimum $10 million more business than all the large casinos in Reno combined, according […]
The future of online gaming is now upon us with the launch of UGX1.com (Under Ground X-Change). The website is a breath of fresh air for the gambling public interested in skilled wagering for popular online home console video game tournaments. With the release of online video games, gamers have logged hundreds of thousands of […]
As reported by the China Standard: “Galaxy Entertainment Group, a casino operator in Macau, said profit surged 43 times last year, but its shares slumped as earnings were well below analysts’ forecasts and the company did not propose to pay any dividend. “Galaxy said net profit was HK$2.4 billion in 2005, compared to HK$55.9 million […]
As reported by the China Standard: “On the heels of a HK$6.98 billion deal to become a casino operator, Melco International Development announced it will also jump into the casino equipment business. “Hong Kong-listed Melco signed a 20-year agreement Tuesday with US gaming machine maker Shuffle Master under which Melco will take over distribution of […]
As other casino operators announce plans to redevelop their older properties, New Frontier owner Phil Ruffin hasn’t had a lot to say about his long-awaited plans for his aging Strip hotel. Ruffin says he’s not sitting on his hands. The name of his planned megaresort will be Montreux, after the Swiss resort with a famous […]
Having the most tournament experience at the final table of the April 9th Foxwoods Poker Classic No Limit Hold’Em Championship gave 38-year old Victor Ramdin enough of an edge to grab the title and $1.3 million prize. Ramdin had two top-25 finishes in 2005, placing 24th at the Bellagio World Poker Tour (WPT) World Poker […]
As reported by Xinhua: “Chinese police will join sports authorities in a nationwide fight against soccer gambling which has beleaguered the country’s professional league. “In a recent joint circular issued by the Ministry of Public Security and State General Administration of Sport, local police and sports officials are ordered to clamp down on various sports […]
As reported by the Associated Press: “Police in Great Falls are searching for a man who robbed a casino at gunpoint early yesterday. “It happened around 8:15 a-m. Police say a man walked into the Player’s Casino with a handgun and demanded money from one of the workers. “The man fled on foot with an […]
As reported by the Xinhua: “The Executive Council of Hong Kong Special Administrative Region (HKSAR), hoping to combat rampant illegal gambling on horse races while maintaining stable revenue from betting, approved here on Friday proposals to reform horse race betting’s duty system. “The Betting Duty (Amendment) Bill 2006 will be presented to the Legislative Council […]
As reported by the Denver Business Journal: “The largest shareholder of Riviera Holdings Corp. is refusing to back the company’s merger plan. “The parent of Riviera Black Hawk Casino, Riviera Holdings of Las Vegas has agreed to be acquired through a merger with Riv Acquisition Holdings Inc., a concern of real estate developers and investors. […]
The Las Vegas building boom under way will usher in a slew of new luxury properties over the next five years, continuing a transformation from Middle America playground to the desert version of Southern California and Miami Beach resort enclaves. It is the biggest development binge in Las Vegas history, and it is based on […]
As reported by the BBC News: “Gamblers will be put under the microscope in a study of betting habits by the University of Glasgow. “Researchers will talk to gamblers in casinos, betting shops, arcades and bingo halls, those who play the lottery and internet gamblers. “The three-year project announced on the weekend of the Grand […]