Gaming

Cannery loss widens on Las Vegas locals' gaming slump

The Cannery hotel-casino in North Las Vegas.

Cannery Casino Resorts LLC’s loss widened in the third quarter as gamblers spent less at its two Las Vegas-area casinos. A regulatory filing today said revenue for the firm in the quarter ended Sept. 30 fell from $135.6 million to $119.5 million.

Treasure Island poker room gets new digs

Treasure Island will move its poker room next to its sports book this week. The TI poker room on Thursday will take over the old location of Canter's Deli, which had been limited to counter service during the renovation.

Station Casinos reports $11.2 million profit, buys controlling interest in Fertitta Interactive

Las Vegas locals casino operator Station Casinos today reported a profit for the third quarter as revenue increased. The company also said it’s acquiring a controlling interest in Fertitta Interactive.

Las Vegas casino supplier Galaxy Gaming swings to a profit

Las Vegas casino supplier Galaxy Gaming Inc. said today it swung from a third-quarter loss to a profit because of higher sales. The company sells casino table games and associated systems. Galaxy said third quarter revenue of $1.9 million was up from $734,000 in the year-ago quarter.

Affinity Gaming reports $7.5 million 3rd-quarter loss

Las Vegas-based Affinity Gaming LLC today reported a wider third-quarter loss driven by write-offs related to the sale of three Northern Nevada casinos.

Video: New Frontier imploded five years ago today

The New Frontier Atrium Tower starts to fall as it is imploded Nov. 13, 2007.

Five years ago this morning, the New Frontier reached the end of the line when it was imploded at 2:37 a.m.

Pinnacle Entertainment stock falls as problems mount with Vietnam casino project

The stock of Las Vegas-based casino operator Pinnacle Entertainment Inc. slumped today after the company disclosed problems and potential delays with a Vietnamese gaming resort in which it is investing.

MGM Resorts exec named CEO of Nevada Gold & Casinos

An MGM Resorts International executive today was named president and CEO of casino operator Nevada Gold & Casinos Inc.

Casino U: A look inside UNLV's gaming lab

UNLV junior Kimberlyn Davis throws a pair of dice during a Gaming 255 class at the Konami Gaming Lab on Tuesday, Oct. 30, 2012. The UNLV gaming lab gives hotel college students hands-on experience in casino management.

Players gather around a craps table in a dimly lit room filled with slot machines and blackjack tables. A woman throws a pair of dice, then smiles as applause and jubilation erupts under the watchful eyes of a dozen security cameras overhead. The scene looks straight out of any Las Vegas casino, but it's not. The "players" are college students learning the ins and outs of the hotel-casino industry at UNLV's world-renowned gaming laboratory.

Strip casinos continue to see revenue shift toward nongaming sources

The trend is continuing and growing at Las Vegas Strip casinos that make more money off their rooms, restaurants and entertainment than from the table games and slots.

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

Among the few local companies to see their stock prices rise this week were Allegiant Travel, up 1.3 percent; and casino suppliers IGT, up 4.4 percent, and Global Cash Access Holdings, up 5.3 percent.

Owner of Stratosphere reports 3rd-quarter loss of $3.3 million

A view of the Stratosphere Tower Thursday, April 5, 2012.

The owner of the Stratosphere in Las Vegas reported a quarterly loss today, saying summertime business for the hotel and two of its sister properties deteriorated on a year-over-year basis.

Cosmopolitan finances improve despite decline in casino revenue

The Cosmopolitan of Las Vegas.

The Cosmopolitan of Las Vegas reported growth in sales and a smaller loss for the third quarter, despite lower casino revenue. The 2,966-room Las Vegas Strip resort opened during the down economy in December 2010.

Casino supplier’s profits rise on improved sales

Las Vegas-based casino supplier Gaming Partners International Corp. cashed in on worldwide casino openings and expansions in the third quarter, reporting a higher profit on improved sales.

MGM Resorts extends contract with CEO James Murren

Jim Murren speaks of sustainability at the One Drop donation announcement at the Bellagio on Thursday, March 22, 2012.

Casino resort operator MGM Resorts International today said Chairman and CEO James Murren has signed a new employment agreement extending through the end of 2016.