The Sahara is the object of attention for casino companies seeking to expand their Las Vegas portfolio or gain a location on the world-famous boulevard.
Gaming and real estate analysts said they think there will be an overabundance of purchase offers for the Sahara, which is operated by the family of late casino pioneer William Bennett.
Gordon Gaming, which manages the Sahara, retained commercial real estate company CB Richard Ellis to sell the 1,720-room hotel-casino.
Pinnacle and Harrah’s Entertainment reached an agreement to exchange hurricane-damaged casinos on the Gulf Coast. Las Vegas- based Harrah’s will take over what is left of Casino Magic Biloxi plus a payment of $25 million.
Pinnacle will receive Harrah’s Lake Charles Casino complex in Louisiana including the 263-room hotel. A spokesperson to Pinnacle informed that the company would use one of Harrah’s riverboat licenses to add a new casino to its gambling resort in Lake Charles.
Despite being a new building, just 12 or 13 years old, the Grand’s Island View Hotel & Casino was recently demolished.
Its architecture and design were nothing special, they represented Biloxi’s casino past, before Katrina destroyed most of the area.
The decision to implode this building was regarded as a step towards the city’s future: Biloxi post-Katrina.
The slot machines developer WMS Industries informed on May 7th that their incomes rose to $110,7 million during the first quarter of the year, which means a company growth of 3% in 2006.
The firm’s shares were 5% lower ($29,36). The net incomes for the first quarter of the year were $9,2 million, compared to the $7,2 million registered in 2005. WMS said that the incomes had grown 3%, reaching $110,7 million and showing an increase of 18% in the average sales price of its new game machines, but added that the number of units sold had decreased to 5,165.
Mom deserves a special treat to celebrate her special day. With that idea in mind, Salon Bellagio created a special package designed to help daughters spend quality time with their mothers.
Bellagio is offering more than a simple manicure and pedicure. In one of the Salon’s private suites, enjoy a two-hour treatment that uses opulent creams and lotions for exfoliation, masques and moisturizers to create a manicure and pedicure that are in fact a facial for the hands and feet.
Harrah’s Entertainment is trying to close a deal with Pinnacle for the sale of two riverboat casinos. Last September, Hurricane Rita severely damaged two Lake Charles Riverboat Casinos that belong to Harrah’s and now the company wants to focus on its assets in New Orleans and north Louisiana, according to the president of the Company’s central division.
Casino officials told gambling regulators that it hasn’t been decided yet whether the boats will remain in southwest Louisiana or not.
The magazine aims to establish a fluid dialogue between the different parts of the industry, so readers can take a more active part in the creation of the magazine contents.
With this format, the magazine will be able to reach opinions and collaborations in a very dynamic and ever-changing industry that has a continuous and transparent growth and gives jobs to more than 6,000 people.
Australian casinos are pressing the federal government to reach an agreement and be exonerated from the “Know your Clients” bill. The bill has been proposed by the government to fight money laundry and terrorism. The bill says that all Australian financial institutions and casinos must check all their clients’ background.
However, Chris Downy, CEO for Australian Casino Association, plans to argue the bill. According to Downy, casinos should be treated differently.
Foxwoods Casino & Resort in Connecticut has launched a new cocktail. Despite the cocktails in their menu are known for their excessive prices, this one reaches a new level in terms of cost: $3.000 dollars.
The ingredients for this cocktail include Blue Curacao, Bombay Sapphire Gin and a touch of dry vermouth. The tall glass is covered with blue sugar to make it taste sweeter.
At Harrah’s Louisiana Downs Casino, players have an extra benefit: those who own a Total Rewards Card will be eligible to receive up to $50 of their slot losses reimbursed. This is to say that guests who insert a Total Rewards Card in any slot or video poker machine before playing will be reimbursed by the casino on their losses up to $50, from a minimum of a $10 loss, through a voucher to redeem during their next visit.
Several new tournaments will be held throughout the week. The Casino Nights slot tournament takes place on Wednesday and Thursday starting at 5 p.m.
