Harrah's to ban ads that target children

Article Abstract:

Harrah's Entertainment responded to pressure from antigambling groups to end promotions targeting susceptible consumers. The company says it aims to appeal to a 40 to 70 demographic with $1000 to $2,000 to spend on gambling. The code was designed by John Jones, former Las Vegas mayor.

Public affairs, Campaign Launched, Targets & Markets, Statistical Data Included, Political aspects, Public relations, Harrah's Entertainment Inc., HET, Advertising and children

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Lodging complaints; Marriott faces outcry from 1980s buyers of hotel partnerships; income flowing through was low and managing fees high, investors contend; firm: all risks were disclosed

Article Abstract:

Back in 1987 investors could buy a limited partnership share in The Desert Springs resort in Palm Desert, Calif., for $100,000. Then the Marriott organization charged the investors large sums to run the hotel. The investors expected, on projections from Marriott, to earn about $140,000 per share over 10 years. Instead, the investors were drained with contract fees and now Marriott bought the resort back for $40,880 per share. This is just one example of why investors are complaining.

Comment:

Limited partners lost money on their Marriott investments

Acquisitions & mergers, Mergers, acquisitions and divestments, Limited partnership, Limited partnerships, Marriott Corp., MHS

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Hilton profit falls short of estimates; MGM's drops 36%

Article Abstract:

Las Vegas-based MGM Grand Inc. reported a profit of $21 .2 million, but that represented a drop of 36%. Hilton Hotels and its gambling spinoff, Park Place Entertainment Corp. each reported profits better than last quarter, reporting as if the two were separate entities in the quarter.

Sales, profits & dividends, Coin-operated amusement devices, Casinos, Casinos (except Casino Hotels), Finance, Gambling industry, Hilton Hotels Corp., Park Place Entertainment Corp., HLT, MGM Grand Inc., MGG

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