Search

Reports on developments concerning the advertising industry in the United States, as of April 4, 2000. Includes the rollout of an image makeover campaign by MGM Grand Hotel in Las Vegas, Nevada; Selection of advertising agency Richardson, Myers & Donofrio Inc. to handle real estate agency Re/Max's creative account.

The article reports that Harrah's Entertainment has stalled in its development of the Las Vegas (Nev.) Strip due to concerns about rising construction and material costs. Harrah's has also been sidelined by a takeover bid from two private equity firms. Harrah's is competing with other development projects from MGM Mirage, Wynn Resorts and Boyd Gaming.

Reports on a monorail that will run along the Las Vegas Strip, which will sell advertising on the outside and inside. How the monorail is supposed to relieve traffic congestion along the Strip; Number of proposed stops on the monorail trip which will run from the MGM Grand casino on the south end of Las Vegas Boulevard to the Las Vegas Hilton on the north end; Price of the monorail and how the private authority building it is marketing it to advertisers; Number of people who visit Las Vegas annually; Advertising deal signed by Hansen's Beverage Co. which will advertise its Monster drink; Other advertisers including Motorola Inc. and Bacardi Ltd.

The article discusses a concept store in Las Vegas, Nevada for jewelry seller Hearts on Fire, with commentary presented on its interior features, display of merchandise, and the training of salespeople.

Reports that Steve Wynn, who is opening the brand new Wynn Las Vegas casino next month in Las Vegas (Nev.), is planning to launch a second luxury mega-casino, called Encore. Wynn's involvement in the casino industry's revival in the 1990s; Estimated cost of the new resort, which is timed to take advantage of the booming popularity of Las Vegas; Wynn's competition with MGM Mirage, which will soon control over more than half the hotel rooms on the Las Vegas Strip, the main thoroughfare where most of the city's casinos are located; Speculation about the opulence of Encore.

Reports on the lack of appeal of Las Vegas casinos for Chinese gamblers. Expectation that a lot of new business would pour in from China, which lately has been the world's hottest gambling market; Lack of interest in the casinos' private gambling salons; Impact of Nevada regulations requiring private gamblers to first fax their names and contact information and certain financial data, such as their credit limits and details of how much they intend to gamble; Fear of many Chinese gamblers that they will be traced by agents of the People's Republic, which frowns on gambling and on taking cash out of the country.

Discusses how Jim Murren, president of MGM Mirage, and his wife Heather Hay Murren founded charitable Nevada Cancer Institute within the University of Nevada. Consideration of how the institute's donors include boxing promoter Bob Arum, billionaire Kirk Kerkorian, and various casinos such as Caesars Entertainment Inc. and Harrah's Entertainment Inc.; Efforts of the casino industry to improve its dedication to civic duty by giving to charities; Need for hospitals, schools, and cultural institutions in Las Vegas; Consideration of how many cancer patients with health insurance travel out of the state in order to receive good treatment.

Features Fabrizio Boccardi, an Italian real estate developer who has tried to become a Las Vegas, Nevada casino magnate, but has failed to achieve his goal. Wall Street firms such as Goldman Sachs Group Inc. and Credit Suisse Group's Credit Suisse First Boston, as well as Murphy Noell Capital LLC, which have offered their services to Boccardi; Observation that Boccardi has bid unsuccessfully to buy four different casinos, including the Riviera hotel; View that Las Vegas is dominated by large public companies such as MGM Mirage and Park Place Entertainment, rather than individual entrepreneurs like Steve Wynn and Howard Hughs; The market capitalization of Boccardi's main financial backer, Groupe Partouche SA, which is less than half the cost of building a single casino on the Las Vegas Strip, where there is little space available to build a new casino.

Focuses on gambling practices for the 2003 Super Bowl. Competition between the Oakland Raiders and the Tampa Bay Buccaneers; Way that competition in gambling has caused gamblers to wager on novelty bets known as propositions, or "props"; Ability of gamblers to bet on any aspect of the game; Betting which will focus on Rich Gannon and Jerry Rice; Way that gambling on the game will draw thousands of people to Las Vegas, Nevada.

Focuses on efforts of Steve Wynn to launch a comeback for the Las Vegas, Nevada casino business following customer cutbacks on travel and gambling due to the tough economy. Outlook for his casino called Le R&eˆve, or 'The Dream'; Loss of his company Mirage Resort Inc.; His launch of Wynn Resorts Ltd.; Competition with Mandalay Resort Group.

Discusses how the U.S. National Football League (NFL) is refusing to run Las Vegas tourism advertisements during the televised Super Bowl. Disappointment of the Las Vegas Convention & Visitors Center; Debate about an association between the NFL and gambling; Consideration of the prohibition against gambling-related advertising into the contract of the NFL; Efforts of advertising agency R&R Partners.

Presents information on the financial performance of gambling stocks and casino companies in Las Vegas, Nevada as of January 9, 2003.

Reports various labor strikes and employee streamlining at casinos in Las Vegas, Nevada.

Reports that Ian Schrager is placing a bet on the gambling business, putting down a deposit to buy an aging casino-hotel in Las Vegas, Nevada called the Maxim.

Focuses on the advertising campaign which aims to promote the state of Nevada as a tourist destination for diehard adventurers, such as rock climbers and surfers.

Reports on the launch of an advertising campaign by the Las Vegas Convention and Visitors Authority to promote the tourist trade in Las Vegas, Nevada.

Reports that Las Vegas, Nevada-based Aladdin Casino filed for Chapter 11 bankruptcy-reorganization.

Reports on efforts of Las Vegas casinos to attract wealthy gamblers such as Hustler magazine publisher Larry Flynt. How high rollers often make up to six figure wagers on baccarat, a simple card game; Casinos such as Mandalay Bay and Harrah's that have grown dependent on their high-limit salons; Discounts given to high rollers on their losses; Amount of money won by casinos from baccarat.

Announces the decision of British casino operator London Clubs International PLC to increase its stake in the Aladdin Resort and Casino in Las Vegas, Nevada while seeking a buyer for the casino.

Reports on the acquisition of Anchor Gaming by slot-machine maker International Game Technology in Nevada.

Reports on trend in Las Vegas, Nevada casinos to offer night club shows of nearly naked female dancers. Shows promoted as legitimate musical theater; Shows such as 'Tease,' 'Midnight Fantasy,' and 'L'Art du Nu'; History of nude shows in Las Vegas; Push to make Las Vegas more family-oriented; Nostalgia for the golden age of Las Vegas.

Focuses on the plan of a group of veteran Hollywood producers and nightclub investors to build a theater and club at the Aladdin Hotel and Casino in Las Vegas, Nevada.

Focuses on the social issues regarding the advertising campaign for Las Vegas Highroller Fantasy Sweepstakes in Las Vegas, Nevada.

Reports on the plans of Las Vegas, Nevada Mayor Oscar Goodman to redevelop the city's downtown.

Discusses attempts by casino dealers in Las Vegas, Nevada to unionize. Reasons dealers want unions, including low pay and a lack of job security; Negative reactions by casinos to these attempts; Description of the job, including its history in Las Vegas.

Provides information on the projected increase in the corporate earnings of Las Vegas, Nevada-based casino operator MGM Mirage for its fiscal fourth quarter in 2000.

Talks about the shift in the advertising campaign strategy of casinos in Las Vegas, Nevada as of January 2001. Theme of the campaigns launched by the casinos; Features of the advertisements; Target costumers of the strategy.

Deals with the declining business conditions in Las Vegas, Nevada in the last quarter of 2000. Factors leading to the decline of business activity in the city; Implications of the declining business conditions; Analysis of the business conditions; Economic base of Las Vegas.

Reports on the decision of Harrah's Entertainment, a casino operator in Las Vegas, Nevada, to ban advertising that appeals to kids and pathological gamblers. Customers targeted by Harrah's; Advertising and marketing code of Harrah's; Role of antigambling activists in the move of Harrah's; Impact of the decision on the casino-logo toys, games or clothing of Harrah's.

Focuses on the Aladdin casino project in Las Vegas, Nevada where real-estate scion Jack Sommer had promised to build the casino on expertise and money that he did not have. How much Sommer's partners have had to spend to complete the project because of his lack of experience in any real-estate project; Details of how the deal to build the casino was structured.

Reports that Park Place Entertainment Corp. chief executive officer Arthur Goldberg is in talks to sell the Las Vegas Hilton hotel and casino in Nevada to real estate developer Ed Roski. Value of the property; Reason for the sale.

Discusses the plans of the Bass family to construct a European-style village to be called MonteLago in the northern part of Lake Las Vegas in Nevada. Background of Lake Las Vegas' development; Cost of the construction; Features of the resort; Involvement of Marriott International on the construction of Ritz-Carlton.

Reports that Steve Wynn and his wife, Elaine agreed to buy the Desert Inn hotel and casino in Las Vegas, Nevada. Value of the transaction; Amount of nonrefundable deposit put down by the couple; Significance of the move; Information on the property.

Details the plans of Jackpot Enterprises Inc., a slot-machine operator in Las Vegas, Nevada, to convert itself into a Web incubator aiming to create business-to-business ventures. Plans to include a corporate name change; Formation of an investment fund; Shares of Jackpot; Plans of Don Kornstein, chief executive at Jackpot, to resign; Transactions involved in the shift.

Reports on the agreement by Kirk Kerkorian of MGM Grand Inc. to buy Mirage Resorts Inc. Details of the agreement; Amount of money that Steve Wynn of Mirage Resorts is expected to make; How the sale echoes the long struggle for control of the gambling industry in Las Vegas, Nevada; A history of the gambling industry in Las Vegas.

Focuses on two rival Internet companies that have developed online gambling models that they believe Nevada regulators will approve. How Virtgame.com Inc. and Youbet.com Inc. will prevent minors and out-of-staters from betting; Description of their systems; The skepticism that Nevada regulators express toward the idea.

Focuses on the earnings of Mandalay Resort Group, a casino operator in Las Vegas, Nevada, for the fourth quarter of 1999. Status of casino business; Remarks from Glenn Schaeffer, president of Mandalay; Criticism against casino operators; Value of Mandalay stocks on the New York Stock Exchange.

Reports on the problems being encountered in the effort to complete construction of the Venetian resort in Las Vegas, Nevada. Details of two failed attempts to open the resort to customers; Reaction to the place from people who have stayed there; Concerns regarding the overbudgeting of construction.

Discusses corporate campaign efforts that Courtney Alexander has directed against Santa Fe Gaming in Las Vegas, Nevada, to get the company to sign a union contract. Alexander's position as research director at a local of the Hotel Workers and Restaurant Workers International Union; Why unions are using Wall Street type skills to further labor's cause; The success of her work so far.

Reports on the reaction of the government of Venice, Italy to the building of a Venetian-themed hotel in Las Vegas, Nevada. Description of the hotel being financed by Sheldon Adelson; Quotations from a letter written by Massimo Cacciari, the mayor of Venice.

Discusses the Bellagio casino being developed in Las Vegas, Nevada by Steve Wynn. Wynn's micromanagement of the new casino; Money that is being spent to market and celebrate the opening of Bellagio in October of 1998; The competition that Bellagio will face in the tight casino industry of Las Vegas; Biographical information about Wynn; How other casinos are responding to Bellagio; Cost to build Bellagio.

Reports on the meeting of pop entertainer Michael Jackson and his business partner Don Barden with both Starwood Hotels & Resorts Worldwide Inc. and Aztar Corp. on November 10, 1998, about developing a themed casino in Las Vegas, Nevada. Different deals between Barden and Aztar; Information on Desert Inn casino; Factor that hindered the sale of the casino.

Announces the resignation of J. Terrence Lanni as chairman and chief executive at MGM Grand Incorporated. Reason for Lanni's resignation; 1999 third-quarter earnings of the Las Vegas, Nevada company; Effectivity of Lanni's resignation; Post that Lanni will hold in the office; Person who will replace Lanni; Professional background of Lanni.

Reports on the expectations of casino operator Mirage Resorts Inc. of Las Vegas, Nevada for its 1999 second-quarter earnings. Impact of competition from Venetian and the Mandalay Resort Group's Mandalay Bay casino on the company's earnings; Participation of Mirage Resorts chairman and co-founder Steve Wynn in a conference call about the earnings; Comments from Mirage Resorts chief financial officer Dan Lee on the earnings.

Announces the plans by Planet Hollywood International Inc. of building its Las Vegas casino with Aladdin Gambling LLC. Features of the planned complex; Increase in third-quarter earnings of Planet Hollywood.

States that the ITT Corporation plans to sell half of its Desert Inn resort and casino in Las Vegas, Nevada to Marvin Davis, an oil billionaire. Background information on ITT; Reason Davis wants to purchase the resort and casino; Financial aspects of the deal.

Discusses the partnership between Metro-Goldwyn-Mayer (MGM) Grand Incorporated and Marriott International Incorporated to expand MGM's casino and hotel complex in Las Vegas, Nevada. Details on the plan; Information on hotels to be built on the complex; Views of analysts on this move; Cost of these plans.

Reports that billionaire investor Marvin Davis is seeking to purchase the Desert Inn hotel and casino in Las Vegas, from ITT Corporation. Other persons expressing interest in property; What Davis' success will represent; Reason why ITT is selling property; Details on hotel's financial performance for the first quarter of 1997; Other business ventures being pursued by Davis.

Reports that billionaire investor Marvin Davis has acquired an option on property, and is fulfilling a longtime dream to construct a casino-hotel complex in Las Vegas. Comments by Davis about his venture; Estimated funding for the project; Issues preventing Davis from conducting additional ventures; Development of Davis' casino-hotel project; Approval of Davis' venture.

Focuses on the increase in betting which occurs in Las Vegas, Nevada in preparation for the 1997 Super Bowl on January 26, 1997. Information on preparations made by gambling agents and casinos; Listing on items persons can bet on.