Golden Gaming plans hotel-casino in Kansas
Golden Gaming, a Las Vegas-based gaming and entertainment company, on Monday said it plans to invest $600 million in a proposed hotel-casino in Wyandotte County, Kan.
In a statement, Golden Gaming said it filed planning and zoning applications for the project with the cities of Edwardsville and Bonner Springs.
Golden Gaming said the proposed project will occupy 200 acres and will span Edwardsville and Bonner Springs within Wyandotte County. Plans call for a hotel, spa, restaurants, shops, convention and meeting space, golf course and entertainment venues.
Golden Gaming said it retained hotel-casino planning and design architecture firm Friedmutter Group of Las Vegas for the project.
Kansas lawmakers would like to put three hotel-casinos in the state. Gambling companies will submit proposals for the spots through the end of the year.
Yum Brands profits rise 17 percent in quarter
Fast-food giant Yum Brands said Monday its third-quarter profit rose 17 percent on the strength of surging sales in its international and China divisions that offset sluggishness in the United States, led by slumping Taco Bell.
The operator of KFC, Taco Bell and Pizza Hut reported 28 percent profit growth in its China division and 21 percent growth in its international division for the three months ended Sept. 8. Yum’s U.S. operation had a scant 1 percent profit growth for the period.
Overall, net income rose to $270 million, or 50 cents per share, from $230 million, or 42 cents per share, a year ago. Analysts polled by Thomson Financial expected earnings per share of 45 cents.
Yum’s revenue rose 12.3 percent to $2.56 billion from $2.28 billion.
EU regulators to take look at Thomson deal
Thomson Corp.’s $18.4 billion offer for Reuters will face an in-depth inquiry by EU antitrust regulators who worry the deal could harm competition in the financial information industry, the European Commission said Monday.
The EU’s executive arm said that its initial investigation saw problems with the combination because both companies supply data feeds to traders, control news services and have access to broker research reports as well as financial information databases that they sell to their customers.
The companies said they would work to resolve issues the commission has said need further review.
SAN JOSE, Calif.
TiVo to offer music access to customers
TiVo is introducing music to its mix of entertainment services, offering owners of the company’s digital video recorders access through their TVs to RealNetworks’ Rhapsody music service.
The new feature, to be announced today, means TiVo subscribers with broadband-connected set-top boxes will be able to listen to music streamed over the Internet from Rhapsody’s service, which has a catalog of more than 4 million songs.
The U.S. bond market was closed Monday for Columbus Day.