|
|
|
Applied Analysis has compiled economic and business
news of note that affect the Las Vegas Valley,
Southern Nevada and the nation as a whole. Below are
select articles from 2004 courtesy of various
local and national sources sorted in alphabetical order.
View
Articles:
Chronologically >>
|
|
|
|
|
Another buyer emerges to make offer for Riviera Holdings
Author: R. Smith, Gaming Wire, LVRJ Date:
08.21.04
Yet another buyer is taking a swing at buying Riviera Holdings
Corp., a Securities and Exchange Commission filing said Friday. Riviera Holding
shareholder D.E. Shaw Laminar Portfolios...
Read
More >> |
|
|
|
|
|
|
|
Bellagio outage called a total freak
Author: S. Mihailovich, Las Vegas Business Press Date:
05.21.04
A preliminary investigation into last month's three and a half day power outage
at the Bellagio has determined that the incident was caused by the premature
deterioration, or aging, of one of the main...
Read More >> |
|
|
|
|
|
|
|
|
|
|
|
|
|
Big year forecast for retail projects
Author:
H. Smith, Las Vegas Review-Journal Date:
01.27.04
Retail development continues to boom in Las Vegas with
projects on the Strip such as Mandalay Place and the Forum
Shops at Caesars expansion, but the valley's peripheral areas
produced the...
Read More >> |
|
|
|
|
|
|
Boyd, Coast deal gets funding
Author: R. Smith, Las Vegas Review-Journal Date:
05.05.04
Boyd Gaming Corp. on Tuesday wrapped up financing to complete
its merger with Coast Casinos at very low interest rates,
reflecting bankers' confidence in the companies' planned
consolidation...
Read More >> |
|
|
|
|
|
|
Caesars Entertainment announces deal to sell Tahoe casino
Author: H. Stutz, Gaming Wire, LVRJ Date:
11.20.04
Caesars Entertainment continued to eliminate pieces of its
empire in preparation for its announced sale to Harrah's,
disclosing late Friday the company had agreed to sell its
Caesars Tahoe...
Read More >> |
|
|
|
|
|
|
|
CASINO BUSINESS TRENDS: Strip hotel revenues surge
Author:
R. Smith, Las Vegas Review-Journal Date:
02.17.04
Hotel operations, seeing a return of leisure travelers and
limited expansion, set a record in January and are on track to
set new marks in succeeding months, operators and analysts
said Monday...
Read More >> |
|
|
|
|
|
|
|
CASINO STOCKS: Gaming index soars
Author:
R. Smith, Las Vegas Review-Journal Date:
04.03.04
The average value of Las Vegas-based gaming stocks surged by a
record amount to hit an all-time high in March, beating all
the broad market indicators in the process, analysts said
Friday...
Read More >> |
|
|
|
|
|
|
|
CASINO STOCKS: Station, Boyd help index to fine February
Author:
R. Smith, Las Vegas Review-Journal Date:
02.28.04
The average value of gaming stocks soared to new records in
February, up 76 percent from a year earlier, despite marked
weaknesses in slot machine manufacturers' shares, analysts
said Friday...
Read More >> |
|
|
|
|
|
|
CityCenter at center stage for Strip
Author: R. Smith, Gaming Wire, LVRJ Date:
11.14.04
With its announcement last week of an 8,000-room "urban
village" in the heart of the Strip, MGM Mirage is moving
boldly where no casino company has gone before to define the
future for Las Vegas...
Read More >> |
|
|
|
|
|
|
Construction market to see a slight drop
Author: T. Illia, Las Vegas Business Press Date:
12.10.04
Nevada construction spending is expected to see a slight drop
in 2005, due to single-family housing experiencing rising
mortgage rates, escalating land prices and higher building
costs, says Cliff Brewis...
Read More >> |
|
|
|
|
|
|
Convention slate expected to boost Strip room rates
Author: R. Smith, Gaming Wire, LVRJ Date:
09.01.04
Following a year and a half of hefty price increases, rates
for rooms on the Strip booked three weeks in advance stayed relatively flat this
summer. Analysts said operators had pushed rates too far...
Read
More >> |
|
|
|
|
|
|
|
DECEMBER REPORT: Gambling winnings show drop
Author:
R. Smith, Las Vegas Review-Journal Date:
02.12.04
Despite the economic recovery and a return of leisure
travelers, December was not a very lucky month for Nevada's
casinos, data released Wednesday by the Nevada Control Board
showed...
Read More >> |
|
|
|
|
|
|
|
Demand for industrial space remains red-hot
Author:
T. Illia, Las Vegas Business Press Date:
01.23.04
Demand remains high for industrial space in Southern Nevada.
With 76.7 million square feet of inventory in 2,375 buildings,
there was 8.2 million square feet of unoccupied space in the
fourth...
Read More >> |
|
|
|
|
|
|
Faith wanes, gambling stocks fade
Author: S. Mihailovich, Las Vegas Business Press Date:
07.31.04
Gaming stocks in July suffered through only their second
sell-off in almost two years because of investor doubts about the long-term
sustainability of the industry's current expansion...
Read More >> |
|
|
|
|
|
|
Fewer in LV can afford to buy home
Author: J. Shubinski, Las Vegas Sun Date:
11.11.04
Teachers, nurses and hotel workers are being left out in the
cold as the ability to buy a home becomes more out of reach
for many in the Las Vegas Valley. The percentage of Las Vegans
who could afford...
Read More >> |
|
|
|
|
|
|
FUTURE OF GAMING: A developing interest
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.19.04
The scheduled opening in April of the $2.5 billion Wynn Las Vegas may be the
catalyst for the newest wave of casino construction along the Strip and around
the valley. While the 2,800-room resort...
Read More >> |
|
|
|
|
|
|
Gaming: Airline goes international for local market
Author: S. Mihailovich, Las Vegas Business Press
Date:
08.06.04
When airlines are designing ways to take people out of Las
Vegas, you can bet that investors are following suit by pulling out
their money as profit taking continued to hammer away at gaming
stocks'...
Read
More >> |
|
|
|
|
|
|
Gaming Equity Market Review
Author:
B. Gordon, Applied Analysis Newsroom Date:
02.12.04
The past year provided signs of improvement and increased economic activity. Key
indices, including Dow Jones Industrial Average, S&P 500, and Nasdaq reported
20-plus percentage point...
Read More >> |
|
|
|
|
|
|
|
Gaming execs make Forbes compensation list
Author: R. Smith, Las Vegas Review-Journal Date:
05.04.04
Top executives at four Nevada gaming companies - Caesars
Entertainment, Harrah's Entertainment, International Game
Technology and MGM Mirage - made this year's Forbes list of
compensation...
Read More >> |
|
|
|
|
|
|
Gaming, O'Connell still split over taxes
Author: K. Searer, Las Vegas Sun Date:
08.27.04
State Sen. Ann O'Connell and gaming industry bosses are
reliving the 2003 tax debate in what is becoming a fierce primary
contest for O'Connell. The gaming industry is targeting the longtime
senator...
Read More >> |
|
|
|
|
|
|
|
Gaming profit rebounded in fiscal 2003 after 9-11
Author:
C. Ryan, Las Vegas Sun Date:
02.11.04
Nevada's gambling casinos posted profits of $845.3 million in
the last fiscal year ending June 30, rebounding from a $33.5
million loss the year before. The state Gaming Control Board
reported today...
Read More >> |
|
|
|
|
|
|
|
Gaming: Staying ahead of the gaming
Stocks slip for second month in a row
Author: S. Mihailovich, Las Vegas Business Press Date:
09.09.04
Despite everything else in the valley heating up in August,
gaming stocks remained cool as the Applied Analysis Gaming
Index (AAGI) lost 15.5 points, or 6.3 percent of its value, to
close out...
Read More >> |
|
|
|
|
|
|
Gaming stocks showing strength
Author: H. Stutz, Gaming Wire, LVRJ Date: 12.01.04
Las Vegas Sands, owners of The Venetian, increased its initial
public offering to more than $500 million, the company announced
Monday in a filing with the Securities and Exchange Commission...
Read More >> |
|
|
|
|
|
|
Gaming stocks slip for second month
Author: R. Smith, Gaming Wire, LVRJ Date:
09.01.04
Gaming stocks took another dive in July, suffering through their
second month in a row of summer doldrums, analysts said Tuesday. The
Applied Analysis Gaming Index, a weighted average of...
Read
More >> |
|
|
|
|
|
|
|
Gaming stocks turned out to be sure bet in 2003
Author:
R. Smith, Las Vegas Review-Journal Date:
01.01.04
"The surprise of 2003 was how much the consumer was willing to
put up and still want to travel especially when it came to
gaming," said Goldman Sachs analyst Steve Kent. "We saw
consumers still...
Read More >> |
|
|
|
|
|
|
|
GOING GOOD AT 25 - Barbary Coast
Author:
R. Smith, Las Vegas Review-Journal Date:
03.06.04
A quarter-century after it opened, the Barbary Coast is
sitting on a prized piece of real estate with perhaps the most
potential for Strip redevelopment, analysts agreed Friday. The
Victorian-themed...
Read More >> |
|
|
|
|
|
|
|
Growth controls would cost Nevada billions of dollars
Author:
L. Rake, Las Vegas Sun Date:
02.27.04
A report presented to the Southern Nevada Water Authority
Thursday warns of deep economic disruptions throughout the
entire region if local governments impose restraints on growth...
Read More >> |
|
|
|
|
|
|
Growth task force considers dwindling space, higher prices
Author: L. Rake, Las Vegas Sun Date:
10.13.04
The question of how much room is needed for growth and how
fast the growing population of Southern Nevada should use that land
dominated the meeting of the Clark County Growth Management...
Read More >> |
|
|
|
|
|
|
|
High times for bottom lines
Author: R. Smith,
Las Vegas Review-Journal Date:
04.20.04
To build or not to build, that is a key question facing the gaming industry,
analysts said Monday. Analysts are divided on whether casino companies that are
enjoying skyrocketing earnings and stock prices should be pouring...
Read More >> |
|
|
|
|
|
|
Higher gasoline prices fuel tough times for business
Author: S. Mihailovich, Las Vegas Business Press Date:
06.11.04
When Federal Reserve Chairman Alan Greenspan testified to the
Congress that high energy prices were "worrisome," the only
possible criticism of the central banker's statement was that
it came much...
Read More >> |
|
|
|
|
|
|
Homebuilder to redevelop land near Strip
Author: J. Shubinski, Las Vegas Sun Date:
12.10.04
Homebuilder DR Horton purchased 33 acres of land just east of
the Las Vegas Strip for $86.5 million, or more than $2.6
million an acre, and some industry experts say the property
may be developed...
Read More >> |
|
|
|
|
|
|
|
Hot tourism market lifts casino stocks
Author:
S. Mihailovich, Las Vegas Business Press Date:
03.05.04
Strong year-end financial results from gaming operators as
well as a marked improvement in the overall tourism market in
February, continued to drive up values of industry stocks,
according to...
Read More >> |
|
|
|
|
|
|
|
Increase in tourism spending bodes well for LV, official says
Author:
C. Jones, Las Vegas Review-Journal Date:
03.23.04
American travelers and the businesses that serve them spent
more money in 2003 than in any 12-month period since 2000, the
last full year before widespread economic troubles and the
terror attack...
Read More >> |
|
|
|
|
|
|
|
Index of casinos and manufacturers takes a big leap
Author:
S. Mihailovich, Las Vegas Business Press Date:
02.13.04
Some 275,000 visitors sipped champagne to start off the New
Year in Las Vegas, and gaming executives and shareholders
might have opened as many bottles to celebrate the end of the
month...
Read More >> |
|
|
|
|
|
|
In second day of trading, Las Vegas Sands shares keep climbing
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.17.04
Las Vegas Sands Corp. continued its upward climb during its second day of
trading on the New York Stock Exchange Thursday, gaining another $1.3 billion in
market capitalization while closing...
Read More >> |
|
|
|
|
|
|
INVESTMENTS: Gaming stocks surge in September
Applied Analysis, Dow Jones gambling-issue
gauges rise in month
Author: R. Smith, Gaming Wire, LVRJ Date:
10.01.04
Gaming stocks had a banner month in September, recovering from
their summer doldrums with a surge of 12 percent in the Dow Jones
Casino Index and 6 percent in the Applied Analysis Gaming Index...
Read More >> |
|
|
|
|
|
|
Investors, Las Vegas Sands hit jackpot as stock goes public
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.16.04
On its inaugural day of trading on the New York Stock Exchange, Las Vegas Sands
became the industry's largest gaming company in terms of market capitalization
after its stock price jumped 61 percent...
Read More >> |
|
|
|
|
|
|
It's Viva Las Merger
Author: Daily Herald, Chicago/ Associated Press Date:
06.16.04
LAS VEGAS - Richard Tucker visits trade shows across the United States to meet
buyers for the T-shirts and jackets made by his company, Richmar Fashions. When
he goes to Las Vegas, he takes...
Read More >> |
|
|
|
|
|
|
JUNE REPORT: Gaming win surges 6 percent
Author: R. Smith, Gaming Wire, LVRJ Date:
08.13.04
Nevada's gaming industry propped up the state's economy in
June with a total gaming win of $855.5 million, up nearly 6 percent from a year
earlier, the state Gaming Control Board reported Thursday...
Read
More >> |
|
|
|
|
|
|
Las Vegas Activity Report
Author: T. Illia, Southwest Contractor Date:
08.01.04
Las Vegas is known for doing things on a large scale, and few
projects are larger than the Beltway Business Park in the southwest
part of the city. Bound by Decatur and Jones boulevards, Interstate...
Read More >> |
|
|
|
|
|
|
Las Vegas Convention Demand Drives
MGM Mirage's Bet on Mandalay
Author: J. DeFoe, Bloomberg Date:
06.15.04
Richard Tucker attends trade shows across the U.S. to meet
buyers for the T-shirts and jackets made by his company, Richmar
Fashions. When he goes to Las Vegas, he takes two extra workers and
rents...
Read More >> |
|
|
|
|
|
|
Let the good times roll
Author: S. Mihailovich,
Las Vegas Business Press Date:
10.29.04
A flurry of quarterly financial reports released in the
past two weeks for major casino operators and gaming
equipment manufacturers show record revenues, profits or
both for some...
Read More >> |
|
|
|
|
|
|
|
LV markets expected to grow in 2004
|
