Gaming

Las Vegas sees slight climb in visitor numbers

Attendees crowd the trade show floor during the IFT Food Expo at the Las Vegas Convention Center, June 25, 2012.

Visitor volume showed a moderate increase in June over last year, the Las Vegas Convention and Visitors Authority reported Thursday, and for the first half of 2012, visitation is on pace to fall just short of an unprecedented 40 million tourists. The authority said 3.4 million people visited Las Vegas in June, 2.1 percent more than in June a year ago. For the first half of 2012, 19.9 million visitors arrived in the city, 2.4 percent more than in the first six months of 2011.

Las Vegas gamblers win another round in cash seizure case

For a second time, a federal appeals court has ruled that two Las Vegas professional gamblers can pursue their suit against a federal narcotics officer for seizing $97,000 in cash suspected of being used in drug trafficking.

Gaming supplier Bally Technologies reports record sales

Gaming supplier Bally Technologies Inc. reported record sales Thursday as new and existing casinos ordered its slots, including new Grease and Michael Jackson machines.

Owner of Stratosphere reports flat 2nd-quarter business

A view of the main entryway at the Stratosphere on Thursday, April 5, 2012.

The owner of the Stratosphere in Las Vegas says business was flat in the second quarter. American Casino & Entertainment Properties LLC said it lost $2.8 million during the quarter.

Casino win on Strip, statewide drops in June

A view of the Las Vegas Strip taken from a helicopter May 21, 2012.

For the third time in the last four months, the casino gambling win on the Las Vegas Strip dropped, falling 4.5 percent in June. Statewide, it was off 6 percent compared to the same month a year ago.

South Point owner gets initial OK to offer real-money online poker

South Point owner Michael Gaughan received initial approval Wednesday to proceed with launching a real-money intrastate poker website. http://www.vegasinc.com/news/2012/aug/07/casino-atm-operator-social-media-and-internet-gamb/

Casino ATM operator in social media and Internet gambling alliance

Las Vegas-based casino industry supplier Global Cash Access Holdings Inc. on Tuesday announced an alliance in the fast-growing social media and online gambling sector.

Tropicana Las Vegas boosts quarterly revenue

A rendering of Bagatelle Las Vegas at the Tropicana.

The Tropicana Las Vegas hotel-casino managed to boost revenue in the second quarter, even as it waited for new nightclub, beach club and restaurant offerings to open.

MGM Resorts' hotels cash in on return of tourists to Las Vegas

The Bellagio on the Strip.

Business picked up for MGM Resorts International during the second quarter, with the company on Tuesday reporting higher hotel room and occupancy rates for most of its Las Vegas Strip resorts.

Loveman: Economy hurts Caesars' results

 The Octavius tower at Caesars Palace is the newest addition to the hotel-casino, located on the southwest part of the property, seen on Thursday, Jan. 14, 2010.

Caesars Entertainment Corp. said Monday its second-quarter loss widened as consumers spent less at its big resorts on the Las Vegas Strip and conditions deteriorated in Atlantic City. The company lost $241.7 million, or $1.93 per share, in the quarter vs. $155.5 million, or $1.24 per share, lost in the year-ago quarter.

Former gaming executive barred from future officer position after trading insider tip for show tickets

A former Las Vegas gaming executive tied to an insider stock trading incident has been barred from serving as an officer or director of any public company through late 2014.

Laughlin casino market struggles, as Las Vegas bounces back

The Tropicana Laughlin.

The Laughlin casino market continued to struggle during the second quarter, gaming operator Tropicana Entertainment Inc. says.

2nd-quarter revenue up, losses down at Cosmopolitan

The Cosmopolitan of Las Vegas.

The Cosmopolitan of Las Vegas reported a smaller quarterly loss Friday as business picked up across the board. The $3.9 billion, 2,966-room Las Vegas Strip casino-resort said it lost $18.76 million in the second quarter ended June 30 vs. a loss in the year-ago quarter of $54.3 million. Net revenue of $165.7 million was up from $126.1 million. Casino revenue continued to trail food, beverage and room revenue at the resort. But the gaming tables and slot machines generated a 37.1 percent increase in revenue on a year-to-year basis, from $28.2 million to $38.7 million.

The Tropicana hotel-casino has a new president and COO

The Tropicana Las Vegas has a new president and chief operating officer. Daniel M. Wade took over operations of the casino resort this week.

Connecticut Indian casino hires another Las Vegas exec

Another Las Vegas executive is headed to eastern Connecticut to help boost business at an Indian-run casino. Mohegan Sun announced on Wednesday that Brian Bork, who was most recently chief marketing officer at Hard Rock Hotel and Casino in Las Vegas, will be chief marketing officer.