Gaming - VEGAS INC

Cannery results flat in Las Vegas in quarter

Business was flat in the Las Vegas area for Cannery Casino Resorts LLC during the first quarter, and the company's loss increased.

15 May 2012

By Steve Green

Aliante Station posts profit on higher revenue

Aliante Station hotel-casino in North Las Vegas reported a first-quarter profit Tuesday, reversing a year-ago loss.

15 May 2012

By Steve Green

Station Casinos posts quarterly profit

Las Vegas locals casino leader Station Casinos LLC swung to profitability in the first quarter, earning $6.8 million on net revenue of $318.2 million.

15 May 2012

By Steve Green

Cybersecurity at issue as Gaming Policy Committee discusses Internet gambling

With the state about a month away from granting its first online gambling license, two experts told members of the Gaming Policy Committee on Monday that regulators have to stay vigilant in their efforts to keep the online gaming environment secure.

14 May 2012

By Richard N. Velotta

Affinity Gaming posts higher profit

Las Vegas-based casino operator Affinity Gaming LLC reported an increase in its quarterly profit Monday as gaming revenue improved.

14 May 2012

By Steve Green

Cosmopolitan of Las Vegas facing wage, overtime lawsuit

A fired worker is suing the Cosmopolitan of Las Vegas, claiming she and other employees weren’t paid for all hours worked and were shorted on overtime.

14 May 2012

By Steve Green

Owner of Stratosphere sees revenue improve, still posts loss

A view of the Stratosphere Hotel & Casino, Thursday April 5, 2012.

Stratosphere hotel-casino owner American Casino & Entertainment Properties LLC on Friday reported continued improvements in business with a smaller quarterly loss on higher revenue.

14 May 2012

By Steve Green

Riviera reports loss of $4 million during 1st quarter

Even as it hopes for financial improvements with a capital investment program, the Riviera on the Las Vegas Strip reported Friday that it lost $4 million during the first quarter ending March 31.

11 May 2012

By Steve Green

Cosmopolitan narrows 1st-quarter loss, seeks to grow gaming revenue

The Cosmopolitan of Las Vegas is shown at sunset from the roof of Planet Hollywood on Tuesday, Dec. 14, 2010.

The Cosmopolitan of Las Vegas on the Strip has reported a smaller first-quarter loss than last year with a big jump in nongaming revenue. The Cosmopolitan lost $23.4 million in this year’s first quarter vs. a loss of $56.8 million in the first quarter of 2011.

10 May 2012

By Steve Green

State gaming win for casinos tumbles 10.8 percent in March

Gambling winnings for casinos on the Las Vegas Strip nosed dived 14.9 percent in March, ending five consecutive months of increases. It was the largest percentage drop since a 15.7 percent decline in April 2009.

10 May 2012

By Cy Ryan

Patent enforcer sues over slot machine feature

Slot machine maker WMS Gaming Inc. and four casino operators were sued Wednesday over allegations certain of their slots infringe on a Virginia company’s patent.

9 May 2012

By Steve Green

Okada tries again to pry records from Wynn Resorts

In another clash between casino billionaires Kazuo Okada and Steve Wynn, Okada’s attorneys have gone back to Nevada state court in hopes of prying financial information and other records from Wynn.

9 May 2012

By Steve Green

Legalized Internet gaming would help casinos, trade chief says

Gamblers play roulette at the Eastside Cannery on Boulder Highway.

The approval of online gaming wouldn’t negatively impact land-based casinos, the head of the industry’s largest association says. Frank Fahrenkopf, president and CEO of the American Gaming Association, said if anything, the approval of Internet gambling would expand existing operations, because younger players more comfortable with online transactions would start gambling online and eventually find their way to local casinos.

9 May 2012

By Richard N. Velotta

Late casino owner set for Gaming Hall of Fame

Dennis Gomes, the late owner of Resorts Casino Hotel in Atlantic City, will be inducted into the Gaming Hall of Fame.

8 May 2012

Associated Press

Tropicana Las Vegas 1st-quarter loss narrows

The Tropicana Las Vegas on Monday posted a smaller first-quarter loss as revenue improved. In its quarterly report, the hotel-casino said it lost $8.02 million in the quarter ending March 31 vs. a loss in the year-ago quarter of $9.07 million.