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September 2, 2010 — Yesterday, word came that Paris Hilton has been banned from both the Wynn and the Encore, two high-end Las Vegas hotels.

This move by management of the two popular retreats comes as a s result of the party girl’s arrest for cocaine possession late last Friday night in Sin City.

Hilton’s current beau Cy Waits has also suffered consequences from the same incident in which he was also arrested. Since then, he lost his job managing XS and Tryst nightclubs at both Wynn hotels from which Paris Hilton has been banned.

Time — and a court date of October 27 — will tell what happens to Paris Hilton in Las Vegas where what happens in Vegas in this case does not stay in Vegas.

A Contra Costa County judge has upheld a ballot argument against a proposed Las Vegas-style casino in Richmond.

Superior Court Judge Barry Baskin said Monday the statements made by opponents of the casino are not false or misleading. Those statements will appear on a ballot measure that will gauge support for the $1.2 billion casino proposal among Richmond residents.

In their argument against the measure, opponents say there is no guarantee that locals would be hired to work at the casino. They also describe the potential jobs as low wage.

Richmond resident Don Gosney petitioned the court last week to delete the statements, saying they were false.

The casino has been proposed by a Northern California American Indian tribe.

Caesars Palace settled with Nevada regulators who accused the casino of failing to protect the game and its patrons, according to documents.

The high-stakes gambler cavorted on a baccarat table and placed bets while a game was in progress last October.

The state gaming control board said Caesars’ security should have stopped him from behaving in such a manner.

Over a 45-minute period during high-stakes gambling the patron “climbed onto the baccarat table from his chair, walked on his baccarat table and placed baccarat wagers before returning to stand on his chair and eventually sitting”, the regulators’ complaint read.

The unnamed gambler then proceeded to climb back on the table twice more, walking and dancing while up there, the state gaming control board said.

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Now that summer is certainly here, you might find yourselves struggling a little bit to be able to justify your online gaming, quite as much as you manage to during the winter months that is. See, the weather outside today is absolutely marvellous and, though I take no responsibility for the way in which it has turned (I don’t know when you’re reading this folks, but I guarantee that when I wrote this, the sun was blazing), with is being sunny outside, it can be harder to spend so much time indoors playing online.

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The Siegel Group, in collaboration with award-winning Las Vegas based interior design firm Tandem, recently opened RUMOR, a two-story, 150-suite property, featuring a combination of compelling elements: hot location, cool pool, zero attitude, modern rooms and unexpected amenities all in a unique boutique hotel setting.

Formerly the St. Tropez Hotel, RUMOR is located just off Paradise Road near the Hard Rock Cafe. It’s only a few blocks from the Vegas Strip, but miles away in concept. “I felt it was time to completely change the Las Vegas paradigm,” explains Stephen Siegel, founder and CEO of the Siegel Group. The result is a intimate property which evokes the stylish feel of a Las Vegas-meets-Palm Springs hotel with a Los Angeles feel. Siegel describes the Rumor vibe as “sexy yet unpretentious, glamorous and accessible, eclectic with a relaxing and inviting ambiance.”

Amenities include the property’s restaurant, Addiction, incorporating classic dishes with a modern flair and offering both indoor and outdoor seating, as well as a signature pool oasis, wet deck and lawn framed by mature palm trees. Many suites feature oversized tubs that are surrounded by mirrors and come complete with scented bubble bath for private late night pleasures.

RUMOR is part of The Siegel Group’s Boutique Chic Retreats collection. Sister properties include Artisan; The Resort on Mount Charleston; Gold Spike and Oasis at Gold Spike.

One of the main reasons for these numbers was the fact that a number of Strip casinos showed that they earned 61% less in baccarat – a number that affected the overall gambling revenues.

“It’s a volatile business and, as it happens, the gamblers played lucky,” said a senior research analyst with the Gaming Control Board, Mike Lawton. “Baccarat absolutely moved the needle.”

Nevertheless, casinos are starting to see improvement in the second half of 2010 as they spearhead promotional campaigns in a bid to bring gamblers and vacationers back to the city. A number of top resorts such as MGM Resorts International and the Las Vegas Sands Corp. have cut room prices and launched a series of special offers.

Competition is definitely fierce as casinos try to outdo each other by offering complimentary rooms, and this is seen as hurting rates at other casinos.

“There is too much comping,” said Robert Goldstein, the head of Las Vegas Sands’ two resorts, “but there is also too much supply in the market right now. You will see that continue to be a problem for us and for the market in general until travel strengthens.”

“Las Vegas and Atlantic City have long been the standard by which other gaming destinations in the US were judged,” noted another gambling analyst. “The two cities understand, however, that competition is greater than ever. Newer casino resorts are being built in places such as Pennsylvania and California, and Las Vegas and AC casinos are feeling the pressure.”

Las Vegas Sands ( LVS ) is the owner and operator of the Venetian Casino Resort, which it built over the ashes of the bulldozed Sands Hotel, and which brings a touch of Venice to the Las Vegas Strip. Replete with gondoliers and a replica of the Rialto Bridge, the Venetian offers a 120,000-square-foot casino and a 4,000-suite hotel, as well as a shopping, dining, and entertainment complex. Las Vegas Sands also operates the Palazzo Casino next door to the Venetian, and the nearby Sands Expo Center trade show and convention center. In addition to its Vegas holdings, the firm has a handful of properties in China through its Sands China subsidiary.

Technically speaking, the shares of LVS have put on a spectacular show, soaring more than 89% since the beginning of the year. The equity has marched steadily higher along the support of its 10-week and 20-week moving averages since April 2009. The security has also skipped higher along its 10-month trend line since July 2009.

Despite the company’s stellar technical performance, investors remain extremely skeptical of the shares. The International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE) have reported a 10-day put/call volume ratio of 0.78 for the stock, which is higher than 98% of all those taken during the past year. In other words, puts have rarely been picked up at a faster pace than calls during the past 52 weeks.

In addition, the Schaeffer’s put/call open interest ratio (SOIR) for LVS comes in at 0.89. This ratio is higher than 82% of all those taken during the past year, indicating that short-term speculators have been more pessimistically aligned toward the shares only 18% of the time during the past 12 months.

Meanwhile, the bears are beginning to slowly unwind their short positions. During the past month, the number of LVS shares sold short dropped by 1% to 44 million. This accumulation of bearish bets accounts for more than 14% of the company’s total float. Should the stock continue to rally, it could squeeze the bears into unloading their pessimistic positions, creating a fresh wave of buying pressure for the security.

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Ameristar Casinos Inc.

Its Kansas City property is one of eight casinos Ameristar (Nasdaq: ASCA) owns in seven markets, which include near St. Louis, Chicago, Omaha, Denver and others. Ameristar Casino Hotel Kansas City is the local market share leader, having reported July revenue of $22.54 million, up 7 percent.

Ameristar Casinos said Wednesday that it does not plan to disclose developments of the strategic alternatives process unless its board determines that “there is a material need to update the market.” A transaction isn’t a sure thing, the company said.

Ameristar hired Lazard and Bank of America Merrill Lynch as its financial advisers, and Gibson Dunn & Crutcher LLP as its legal adviser to help the board’s transaction committee in its evaluation.

The gaming and entertainment business, founded in 1954, has been a public company since late 1993.

On Aug. 4, Ameristar reported losing $24.9 million during the second quarter, swinging to a loss from prior-year earnings of $14.3 million. The company’s revenue for the quarter, which ended June 30, dropped 5 percent to $293 million.

For the first half of 2010, the company reported a $14.2 million loss. However, it said it was optimistic about the performance of more stable markets such as Kansas City, which posted $14.4 million in operating income during the quarter, though both that and revenue declined from prior-year levels.