Gaming

IGT reports profit due to slot sales and online gaming

Casino supplier International Game Technology today reported a higher profit for its fourth fiscal quarter as revenue improved from slot machine sales to land-based casinos, as well as from social and online gaming.

8 November 2012
By Steve Green

Tropicana Entertainment sees higher 3rd-quarter profit

The Tropicana Laughlin.

Lower interest expenses drove a higher third-quarter profit for casino operator Tropicana Entertainment Inc. of Las Vegas, the company reported today.

7 November 2012
By Steve Green

Henderson sues Station Casinos and the state in tax dispute

Henderson is suing the state and Station Casinos, the latest move in the fight over taxation of comp items and discounts provided to customers by Nevada casinos.

6 November 2012
By Steve Green

Revenue declines at the Tropicana

The lack of an operating nightclub last summer at the Tropicana Las Vegas caused the resort's third-quarter revenue to decline, the company reported today. The 1,375-room hotel-casino said quarterly net revenue for the period ending Sept. 30 came in at $22.4 million, down from $24 million a year earlier.

5 November 2012
By Steve Green

Bar faces discipline over reported public sex acts

Nevada gaming regulators are moving to discipline a Las Vegas bar where they say agents witnessed patrons performing sex acts in view of other customers. The State Gaming Control Board last week filed a nine-count complaint against Judy R. Nelson, dba Las Vegas Eagle.

5 November 2012
By Steve Green

How Nevada is trying to grow its tech sector — and succeeding slowly

A look inside Walls360, a startup that creates on-demand repositionable wall graphics. The company recently hosted an event for the Technology Business Alliance of Nevada, which aims to grow the local tech sector.

Downturns prove time and again how important it is for Nevada to diversify its economy. The state must protect itself from the effects of relying too much on one industry. When Brian Sandoval ran for governor in 2010 and took office in 2011, he made diversification a key piece of his platform. The cornerstone of his effort is broadening technology.

5 November 2012
By Richard N. Velotta

Even with slot machines, McCarran falls short as one of the best airports to kill time in

What airport comes to mind when you need to kill time during a long layover? Here’s a two-word hint: Slot machines!

2 November 2012
By Richard N. Velotta

Las Vegas Sands profit down 1 percent

The Las Vegas Sands Corp. says net income fell 1 percent as it took less money from gamblers and paid to start up a new casino in Macau. The company earned $349.8 million, or 42 cents per share, for the quarter. During the same period last year it earned $353.6 million, or 44 cents per share.

1 November 2012
Staff and wire reports

Boyd casinos introduce 'Penny Lanes' for penny slot fans

Four Boyd Gaming casinos debuted new "Penny Lane" areas today dedicated to penny slots. The idea is to make the games easier to find.

1 November 2012
By Ron Sylvester

Three companies, including MGM Resorts International, recommended for online poker license

Three more companies cleared the first step today to participate in Nevada's emerging online poker industry.

1 November 2012
By Steve Green

Despite boost in sales, Boyd posts third-quarter loss

Boyd Gaming Corp. of Las Vegas said Thursday that overall sales grew in the third quarter, but it swung to a loss on higher expenses along with revenue declines in certain markets.

1 November 2012
By Steve Green

Caesars posts $500.5 million loss on asset write-downs

Caesars Entertainment Corp. of Las Vegas said today it lost a hefty $505.5 million in the third quarter, a loss wider than the $164 million lost in the same period a year ago.

31 October 2012
By Steve Green

LVH hotel-casino in Las Vegas sold at foreclosure auction

An exterior view of LVH, or Las Vegas Hotel, formerly the Las Vegas Hilton, on Wednesday, Oct. 31, 2012.

The 2,973-room LVH hotel-casino in Las Vegas was sold during a foreclosure auction today. As expected, it was purchased by a joint venture between Gramercy Capital Corp. and Goldman Sachs Mortgage Co.

31 October 2012
By Steve Green

MGM Resorts reports wider 3rd-quarter loss of $181.2 million

MGM Resorts International reported a wider third quarter loss Wednesday, saying that slow economic conditions this summer hurt business at its Las Vegas casino resorts.

31 October 2012
By Steve Green

Aliante resort owner taking over management from Station Casinos

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.

Aliante Casino + Hotel is promising a “new day” when the property’s owner takes over management from Station Casinos this week.

30 October 2012
By Dave Toplikar
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