Casino Imperial

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Casino Imperial

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Harrah's said Imperial Palace management will continue to operate the 2,room property until the transaction closes, which is expected by the end of the year.

The property employs more than 2, people. The company said it has "no plans for substantial operational changes" at the property in the near term.

But some Wall Street analysts said it would make the most financial sense to tear it down and build anew, as new Las Vegas resorts can generate higher profit than older properties that cost millions to maintain.

Harrah's has accumulated enough land between its O'Shea's, Flamingo, Imperial Palace and Harrah's casinos to eventually redevelop something new, analysts said.

Spokesman David Strow said the company hasn't decided whether it will implode the property. Rumors about the company's interest in the Imperial Palace have circulated for years and intensified with the purchase of Caesars Entertainment Inc.

Also this year, Harrah's acquired the Bourbon Street, a small hotel and casino on eight acres behind the Flamingo, as well as a few acres adjacent to the property.

This was a property we absolutely wanted to have and have wanted for some time," Strow said. Harrah's has been jockeying for a larger presence in Las Vegas, where the company had previously owned only two resorts.

The company continues to eye expansion opportunities in Las Vegas because business remains strong and is avoiding expansion in other states where casino taxes are high and regulations are more burdensome, executives have said.

The transaction included no debt. Analysts said the transaction valued the Deutsche Bank stock analyst Marc Falcone said the company paid "a full price" for the land and will likely pursue some sort of "very large master plan expansion" on the site to make the deal worthwhile.

The purchase price underscores the value of land holdings on the Strip, though the largest operators aren't looking to sell and are focused instead on redevelopment, Susquehanna Financial Group stock analyst Eric Hausler said in a research note today.

Moreover, few companies could afford a casino at this price "and pencil out any future returns at the property," Hausler said.

Real estate is scarce and in order to play, you must pay up for it. Hausler said the Imperial Palace "may be history by the end of " and that Harrah's will try to purchase the nearby Barbary Coast from Boyd Gaming Corp.

The Asian-themed Imperial Palace, which is privately-owned, recently renovated its casino floor and had begun remodeling hotel rooms as part of a multi-million-dollar upgrade.

Prior to Monday's announcement, the Imperial also was in the process of updating its signage, promotional materials and logo. Calls to Imperial Palace management were referred to Harrah's.

Owen Nitz, an attorney and Imperial Palace trustee, did not return calls by press time. The Imperial Palace opened in and is known for its classic car collection, luau parties and "Dealertainers" -- card dealers who look and dress like celebrities.

The often-overlooked property does little in the way of major marketing campaigns but has historically had high occupancy rates because of its location and relatively cheap rooms.

Imperial Palace owner Ralph Engelstad died in , leaving the property to his widow, Betty, and a group of trustees. The sale did not include the Imperial Palace casino in Biloxi, Miss.

The trial in federal court filed against a Las Vegas hotel-casino by six cocktail waitresses came to an end today when the last woman accepted a cash settlement rather than a jury verdict.

The U. District Court jury was sent home on the verge of deciding whether Anne VanHoose was discriminated against by her bosses at the Imperial Palace when pregnancy pushed her figure beyond the seams of her form-fitted costume.

The trial drew national attention as a case pitting the rights of pregnant women against the gambling industry's stand that sex appeal sells.

The settlement between VanHoose and the Imperial Palace was announced in court this morning, just hours before the jury was scheduled to begin deliberations following a three-day trial.

Five other cocktail waitresses in the lawsuit agreed to settle their cases last week as the trial unfolded before U.

District Judge Lloyd George. Please choose a different date. Quick View. More Info. Is this a place or activity you would suggest for families with kids?

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Bar and restaurant of casino As an integral part of the four-star Imperial Palace hotel and restaurant, the Imperial Casino is no exception when it comes to catering.

Harrah's Entertainment Inc. Harrah's said Imperial Palace management will continue to operate the 2,room property until the transaction closes, which is expected by the end of the year.

The property employs more than 2, people. The company said it has "no plans for substantial operational changes" at the property in the near term.

But some Wall Street analysts said it would make the most financial sense to tear it down and build anew, as new Las Vegas resorts can generate higher profit than older properties that cost millions to maintain.

Harrah's has accumulated enough land between its O'Shea's, Flamingo, Imperial Palace and Harrah's casinos to eventually redevelop something new, analysts said.

Spokesman David Strow said the company hasn't decided whether it will implode the property. Rumors about the company's interest in the Imperial Palace have circulated for years and intensified with the purchase of Caesars Entertainment Inc.

Also this year, Harrah's acquired the Bourbon Street, a small hotel and casino on eight acres behind the Flamingo, as well as a few acres adjacent to the property.

This was a property we absolutely wanted to have and have wanted for some time," Strow said. Harrah's has been jockeying for a larger presence in Las Vegas, where the company had previously owned only two resorts.

The company continues to eye expansion opportunities in Las Vegas because business remains strong and is avoiding expansion in other states where casino taxes are high and regulations are more burdensome, executives have said.

The transaction included no debt. Analysts said the transaction valued the Deutsche Bank stock analyst Marc Falcone said the company paid "a full price" for the land and will likely pursue some sort of "very large master plan expansion" on the site to make the deal worthwhile.

The purchase price underscores the value of land holdings on the Strip, though the largest operators aren't looking to sell and are focused instead on redevelopment, Susquehanna Financial Group stock analyst Eric Hausler said in a research note today.

Moreover, few companies could afford a casino at this price "and pencil out any future returns at the property," Hausler said.

Real estate is scarce and in order to play, you must pay up for it. Hausler said the Imperial Palace "may be history by the end of " and that Harrah's will try to purchase the nearby Barbary Coast from Boyd Gaming Corp.

The Asian-themed Imperial Palace, which is privately-owned, recently renovated its casino floor and had begun remodeling hotel rooms as part of a multi-million-dollar upgrade.

Prior to Monday's announcement, the Imperial also was in the process of updating its signage, promotional materials and logo. Calls to Imperial Palace management were referred to Harrah's.

Owen Nitz, an attorney and Imperial Palace trustee, did not return calls by press time. The Imperial Palace opened in and is known for its classic car collection, luau parties and "Dealertainers" -- card dealers who look and dress like celebrities.

The often-overlooked property does little in the way of major marketing campaigns but has historically had high occupancy rates because of its location and relatively cheap rooms.

Imperial Palace owner Ralph Engelstad died in , leaving the property to his widow, Betty, and a group of trustees. The sale did not include the Imperial Palace casino in Biloxi, Miss.

The trial in federal court filed against a Las Vegas hotel-casino by six cocktail waitresses came to an end today when the last woman accepted a cash settlement rather than a jury verdict.

The U. District Court jury was sent home on the verge of deciding whether Anne VanHoose was discriminated against by her bosses at the Imperial Palace when pregnancy pushed her figure beyond the seams of her form-fitted costume.

The trial drew national attention as a case pitting the rights of pregnant women against the gambling industry's stand that sex appeal sells.

The settlement between VanHoose and the Imperial Palace was announced in court this morning, just hours before the jury was scheduled to begin deliberations following a three-day trial.

Five other cocktail waitresses in the lawsuit agreed to settle their cases last week as the trial unfolded before U. District Judge Lloyd George.

All signed confidentiality agreements preventing them from disclosing how much money they received in exchange for settling their case against Imperial Palace.

Peter Laura, an attorney for the federal Equal Employment Opportunity Commission, which filed the action on behalf of the women, said the case was the "final nail in the coffin for the whole idea that you can take pregnant cocktail waitresses off the floor.

The federal agency is not bound by the confidentiality clause included in the settlement agreements, he said. Two other women were represented by a private attorney.

Laura said the judge indicated late Friday he would likely rule the jury could not consider whether punitive damages were required against the company.

VanHoose said she decided to accept the settlement when it appeared the company would not be forced to pay for allegedly discriminating against her and the other women.

The women alleged in their class-action lawsuit that the hotel-casino violated federal employment laws when it moved them from their lucrative positions on the casino floor because they were pregnant.

The women were forced to take lower-paying jobs with fewer hours when they could no longer fit into their skimpy uniforms, according to the lawsuit.

Several of the women testified last week the policy caused them to have health and financial problems in the midst of their pregnancies. The cocktail waitresses were seeking lost wages and punitive damages against the Imperial Palace.

Three of the women agreed to a settlement on Thursday, the day after the trial started, and two more followed Friday. Attorneys for the Imperial Palace argued at trial the women signed agreements before being hired that regulated their appearance, including a provision that they would not gain more than six pounds.

The hotel-casino's policy regarding pregnant cocktail waitresses was changed in , three months after the first complaint was filed.

Cocktail waitresses are now allowed to wear a modified uniform and keep their serving jobs if they become pregnant. Newspaper Articles from diffrent sources.

Imperial Palace owner Engelstad dies. Archived from the original on 17 November Retrieved 16 November Asian Gaming Brief.

Archived from the original on 3 June Bloomberg News. Archived from the original on 13 November Retrieved 14 November World Casino News. Archived from the original on 15 April Retrieved 25 April Nikkei Asian Review.

Archived from the original on 1 September Retrieved 1 September Oanh 14 March Archived from the original on 15 March Retrieved 15 March Marianas Variety.

Retrieved 17 March The Palm Beach Post. Archived from the original on 8 April Retrieved 15 April Equity Group.

Archived from the original on 4 March Retrieved 29 January Retrieved 13 July Archived PDF from the original on 19 March Retrieved 23 April Archived from the original on 5 March Saipan Tribune.

Archived from the original on 21 November Archived from the original on 3 February Pacific Daily News. Archived from the original on 23 August Retrieved 21 May Archived from the original on 20 April Retrieved 4 May Retrieved 16 August Archived from the original on 18 November The Guam Daily Post.

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