Las Vegas Business News

Station Casinos-run property in California prepares for hotel opening

In this Tuesday, Oct. 29, 2013 photo, the Graton Resort and Casino in Rohnert Park, Calif., is shown. The Las Vegas-style Indian casino is set to open in California's wine country, the culmination of years of planning and legal battles.

The 200-room hotel under construction at Graton Resort & Casino in California's wine country since September will officially open to the public on Nov. 15, and casino officials said they've already ...

6 August 2016
By Christi Warren, The Press Democrat, Santa Rosa, Calif. (TNS)

How I won millions in casinos, then lost it all, and wound up in handcuffs

By 2004, I was 26 years old and had a bankroll of $60,000. I had become part of a loosely knit group called the Las Vegas Hole-Card Mafia. We shared information about ...

5 August 2016
By Michael Kaplan, Thrillist.com

Is Big Marijuana calling the shots in Nevada? Hardly, records suggest

In this photo taken Saturday, April 25, 2015, Nevada Sen. Tick Segerblom and Ronald Dreher, government affairs director for Peace Officers Research Association of Nevada, pass by an area with marijuana plants under cultivation as Nevada lawmakers, their staffers and lobbyists toured two retail and grow operations for medical and recreational marijuana in northeast Denver.

As Nevada voters prepare to vote this fall on whether to decriminalize recreational marijuana use, they’re going to hear a sinister-sounding warning that the push for legalization is being fueled by out-of-state money. Former Assemblyman Pat Hickey, a prominent opponent of legalization, already sounded ...

5 August 2016
By Ric Anderson

China's Hainan Airlines to start nonstop service to Las Vegas

Vice president of Hainan Airlines Hou Wei joins with the Las Vegas Convention and Visitors Authority to announce from Drai's Pool at the Cromwell that Hainan Airlines will be making their first nonstop service to Las Vegas on Thursday, August 4, 2016.

A Chinese airline is seeking U.S. approval to start non-stop service to Las Vegas amid overall record-breaking tourism numbers to Sin City and a recent, though slight lull in ...

4 August 2016
By Sally Ho, Associated Press

MGM Resorts 2nd-quarter profit soars on sale of high-end mall

Crystals at CityCenter on Wednesday, April 20, 2011.

Casino and hotel operator MGM Resorts said Thursday that its second-quarter profit quintupled from the same period a year ago, mainly due to the ...

4 August 2016
Associated Press

Wynn to start work on $2 billion Boston-area casino

This artist's rendering released Wednesday, March 27, 2013, by Wynn Resorts shows a proposed resort casino on the banks of the Mystic River in Everett, Mass.

Wynn Resorts is starting construction on its $2 billion Boston-area casino after years of legal fights ...

4 August 2016
Associated Press

25-acre site once occupied by Castaways and Showboat is on the market for $6 million

This property at 2800 Fremont Street, just south of Charleston Boulevard, was recently listed for $6.6 million. It is shown Aug. 3, 2016.

More than a decade after buying the shuttered Castaways resort and imploding it, Station Casinos is trying to sell the property at a steep discount to what it paid. Brokerage firm CBRE Group sent out ...

4 August 2016
By Eli Segall

Tavern success drives revenue boost at Golden Entertainment

Golden Entertainment CEO Blake Sartini.

Blake Sartini, Golden’s CEO, said the growth was driven by an increase in revenue from taverns, the company’s recent purchase of slot routes in Montana, and gains from ...

3 August 2016
By VEGAS INC Staff

Journalists win ethics award for Review-Journal sale investigation

An exterior photo of the Las Vegas Review-Journal.

The news team that solved the mystery of who bought the Las Vegas Review-Journal in 2015 has received a commendation from the Society of Professional Journalists. The SPJ bestowed one of ...

3 August 2016
By Ric Anderson

Trump Taj Mahal closing; Icahn says he lost $100M

The Trump Taj Mahal resort in Atlantic City is shown Oct. 24, 2014.

Donald Trump has been gone from Atlantic City for years, but his name has lived on in glowing neon on the facade of a casino he no longer owned. But later this year, the Republican presidential nominee's name will disappear from the seaside gambling resort — along with 3,000 jobs. The Trump Taj Mahal casino, opened 26 years ago by Trump, announced Wednesday that it will shut down after Labor Day. The business now belongs to Trump's friend and ...

3 August 2016
By Wayne Parry, Associated Press

Fitful housing recovery in Las Vegas fuels voter anger

Michael Hutchings, a building developer who has been struggling since the recession to make the payments on the home he built in 2006, on his balcony in Las Vegas, June 4, 2016. Years after bad loans and plunging home values made Las Vegas the center of the crisis, thousands of people across the valley have yet to recover from the cataclysm.

Years after rotten loans and plunging home values made Las Vegas the center of the housing crisis, thousands of people have yet to recover from the ...

3 August 2016
By Jack Healy, New York Times News Service

$22 million Las Vegas penthouse comes with Picasso and Lamborghini

Businessman Phil Maloof is trying to sell his 59th-floor penthouse at the Palms Place tower.

A $22 million penthouse in Las Vegas is pitching the bon vivant starter kit: Buy the condo and they’ll throw in a fast car, fine art and free tickets to sporting events ...

3 August 2016
By Stefanos Chen, The Wall Street Journal

Caesars reports 2Q loss

Caesars Entertainment Corp. (CZR) today reported a second-quarter loss of $2.08 billion ...

2 August 2016
By Associated Press

Curacao department store opening at Meadows Mall

A stove is adorned by a price tag and flags of the Latin American countries that it is deliverable to at a La Curacao store, now Curacao, in Los Angeles on Tuesday, March 14, 2006.

A department store that caters to Hispanic shoppers is opening at Meadows Mall, filling a big, empty space at the decades-old retail hub. Los Angeles-based Curacao, which sells ...

1 August 2016
By Eli Segall

Boyd Gaming finishes sale of its half of NJ's Borgata casino

In this June 26, 2013, photo, the Borgata Hotel Casino & Spa is seen in Atlantic City, N.J., with the nearby Water Club reflected in its gold glass facade.

Boyd Gaming completed the sale of its half of Atlantic City's Borgata casino on Monday to MGM Resorts International. Nevada-based Boyd said it received ...

1 August 2016
By Wayne Parry, Associated Press

Macau July gaming beats estimates as resorts draw tourists

Macau’s gaming revenue in July fell less than analysts estimated as the holiday season brought tourists and leisure gamblers to the local units of ...

1 August 2016
Bloomberg

Trampoline park injuries jump 12-fold as the trend spreads

A patron flips July 31, 2013, at a trampoline park in Orem, Utah. Trampoline park injuries have soared as the indoor jumping trend has spread. That's according to a study published Monday, Aug. 1, 2016, that shows annual U.S. emergency room visits jumped 12-fold for park-related injuries from 2010 through 2014.

Trampoline park injuries have soared as the indoor jumping trend has spread. That's according to a study that shows annual U.S. emergency room visits jumped ...

1 August 2016
By Lindsey Tanner, Associated Press

Chasing the room tax: Percentage tacked onto tourists’ bills has made enduring impact on valley

Guests who stay in Clark County hotel rooms pay for much more than a place to sleep. Their bills include a significant tax, generally 12 percent. “It is a remarkably productive ...

1 August 2016
By J.D. Morris

How Nevadans should think about Question 2

If Nevada voters were to pass Question 2, legalizing adult-use marijuana, pot wouldn’t suddenly burst onto the scene in the Silver State. Marijuana is here; it is ...

1 August 2016
By John Hudak

Demographic fault lines and the 2016 election

Key to Obama’s success was diversity’s impact on the Electoral College. His wins in Mountain West and other Sun Belt states — that in the past voted Republican — can be attributed in part to the widespread dispersion of Hispanics and Asians to western parts of the country, and the return of blacks to the South.

1 August 2016
By William H. Frey
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