April 11, 2001 |
Gaming revenue on the Las Vegas Strip plunged nearly 13% in February as analysts said a tourism slowdown was compounded by several one-time factors. Las Vegas Strip casinos posted a February gaming "win"--the amount of money they kept after all bets were paid--of $337.9 million, down from $386.8 million in February 2000, the Nevada Gaming Control Board reported Tuesday. Analysts attributed some of the drop to the slowing economy, but said several one-time factors also played a part.
April 6, 2001 |
Sen. John McCain introduced legislation Thursday that would ban betting on college sports in Nevada. McCain plans to hold a hearing on the NCAA-backed bill in his Commerce Committee on April 26. Pia Pialorsi, McCain's spokeswoman on the Commerce Committee, said the Republican senator from Arizona was eager to "renew his effort to clean up amateur sports" across the country. Sen.
December 29, 2000 |
The casinos along the Las Vegas Strip are expected to fare better this New Year's Eve than last, when expensive millennium festivities drew disappointing crowds, analysts and casino executives say. About 260,000 people will visit the gambling mecca this weekend, about 10,000 more than last year, the Las Vegas Convention and Visitors Authority said. Though casinos are charging lower room rates than last year, analysts said holiday rates are still higher than in 1998.
November 16, 2000 |
A company that promised City Hall more than a billion dollars to join its Internet gambling venture withdrew the offer on Wednesday, citing a lack of political support. But its leaders promised to be back. The City Council--with three of its seven members abstaining because of conflicts of interest--invited the company, VegasOne.com, to revisit the idea in six months. In the meantime, the company will launch a gambling Internet site from Australia on its own.
October 14, 2000 |
Nevada gaming regulators have approved software developed by Virtgame.com Corp. that will allow betting on sports over a closed system using home computers. The Virtgame system will be used by casino operator Coast Resorts Inc. at its Nevada properties. It is much like the closed online systems banks and brokerages used for their customers before Internet commerce became secure, said Dennis Neilander, a member of the Nevada Gaming Control Board.
September 26, 2000 |
Kerry Packer is an outsize personality, a big, brash man known even in this capital of excess as a ferocious gambler and extravagant tipper who bets--and often wins--dizzying amounts. So when Packer, a burly media tycoon who is one of Australia's richest citizens, lost at the tables here recently, he did that too in almost unbelievably grand style.