Gaming - VEGAS INC

This week’s stock performers: The best and the worst locally

Stocks of Las Vegas-based companies rose nearly across the board during this holiday week as the broader stock market turned in its best weekly performance since June.

23 November 2012

By Steve Green

Boyd completes $1.45 billion acquisition of Peninsula Gaming

Boyd Gaming Corp. of Las Vegas today said it has completed its $1.45 billion acquisition of Peninsula Gaming LLC.

20 November 2012

By VEGAS INC Staff

SLS resort, formerly Sahara, to feature Fred Segal stores

A view of what the SLS Las Vegas resort will look like from Sahara and Las Vegas boulevards Tuesday, May 1, 2012.

Las Vegas shoppers used to choosing from a number of upscale labels will find only one name inside the retail center of the new SLS hotel and casino.

20 November 2012

By Ron Sylvester

Gaming entrepreneur builds on North Las Vegas success to expand downtown

Seth Schorr from Fifth Street Gaming is seen Thursday, Nov. 8, 2012.

At first glance, entrepreneur Seth Schorr might seem out of place in his casinos, which are in some of the tougher neighborhoods in and around North Las Vegas.

20 November 2012

By Steve Green

Cantor Gaming expands mobile betting at bars, casino

Sports book operator Cantor Gaming has announced deals with more bars and a casino.

19 November 2012

By VEGAS INC Staff

Online poker: What you need to know about the complex industry

A woman who wants to remain anonymous plays poker online.

As Nevada moves toward launching real-money online poker, there are several concepts to keep in mind about the complexities of the emerging industry.

19 November 2012

By Steve Green

Strip resorts lauded for diversity and environmental efforts

Las Vegas casino operators received high rankings in several recent corporate responsibility reports lauding them for their commitment to the environment and workforce diversity.

17 November 2012

By Steve Green

This week’s stock performers: The best and the worst locally

Most stocks of Las Vegas-based companies fell this week along with the broader stock market amid continuing uncertainties about the fiscal cliff, with the Standard & Poor's 500 index off 1.45 percent.

16 November 2012

By Steve Green

Barring a recession, Strip revenue expected to grow in 2013

Tourists pass by the Flamingo with Caesars Palace in the background Thursday, April 28, 2011.

Depending on how the U.S. economy performs, Strip resorts next year could see revenue from all sources increase as much as 5.3 percent or decline as much as 8 percent, a group of analysts said Thursday.

16 November 2012

By Steve Green

MGM Resorts, 2 others get Nevada licenses for online poker

The Nevada Gaming Commission today issued licenses for three more companies to compete in the state’s new intrastate online poker industry.

15 November 2012

By Steve Green

Tech firm exec joins Caesars as chief financial officer

Casino resort operator Caesars Entertainment Corp. today said Donald Colvin will join the company in the high-profile position of executive vice president and chief financial officer.

15 November 2012

By Steve Green

Bally CEO leaving post, will be chairman

Richard Haddrill, CEO of Bally Technologies, poses by a Michael Jackson-themed slot machine Monday, March 5, 2012.

Slot machine maker and casino supplier Bally Technologies Inc. of Las Vegas today said that CEO Richard Haddrill is stepping down from that post and that Ramesh Srinivasan will become president, CEO and a board member effective by Dec. 31.

14 November 2012

By VEGAS INC Staff

Riviera posts wider 3rd-quarter loss

A view of the Riviera on the Las Vegas Strip on Dec. 26, 2007.

The Riviera in Las Vegas posted a wider loss for the third quarter, mainly because of a noncash expense to write down the value of its assets. The 2,075-room Strip property said today it lost, on paper, $19.6 million vs. the $4.9 million lost in the year-ago quarter.

14 November 2012

By Steve Green

Aliante boosts quarterly casino revenue

Shown in October 2008, before its opening, Aliante Station Casino and Hotel in North Las Vegas will be managed by its new owner as the Aliante Casino + Hotel.

The Aliante hotel-casino in North Las Vegas said today its casino and hotel room revenue improved during the third quarter, while its overall finances remained steady from a year ago.

14 November 2012

By Steve Green

Galaxy Gaming chief accuses bank of ‘bullying tactics’

The CEO of Las Vegas-based casino supplier Galaxy Gaming Inc. today accused Bank of America of “bullying tactics” that have caused unnecessary scrutiny by gaming regulators, and he reported that Galaxy is countersuing the bank in a dispute over a $1.1 million loan.