Gaming - VEGAS INC

Gaming Control Board appoints 3 new division chiefs

The Gaming Control Board has appointed three division chiefs to replace retiring and resigning staff members.

27 April 2012

By Richard N. Velotta

Sheldon Adelson: 'Las Vegas is a core asset. I'm never going to sell it.'

Las Vegas Sands CEO and Chairman Sheldon Adelson makes a few remarks after receiving the Hospitality Industry Leader of the Year award at the eighth-annual Vallen Dinner of Distinction, April 26, 2012.

Sheldon Adelson says that wherever he finds his fortunes around the globe, he's not forgetting about Las Vegas. Speaking Thursday at UNLV, the billionaire Las Vegas Sands chairman and CEO said the money he makes overseas would find its way back to his holdings here. "Any company that is successful in other parts of the world benefits its core assets," Adelson said. "Las Vegas is a core asset. I'm never going to sell it. Because if I sell it, I'm giving away the keys to my kingdom."

26 April 2012

By Ron Sylvester

Casino supplier Bally Technologies reports business booming

Casino supplier Bally Technologies Inc. of Las Vegas on Thursday said business boomed during the quarter ended March 31, with revenue up 20 percent on a year-to-year basis to $229 million.

26 April 2012

By Steve Green

Woman wins $150,000 sports car on slot machine at Cosmopolitan in Las Vegas

A lucky New Yorker recently won a sports car at the Cosmopolitan. Maryellen Cobb took home an electric Tesla Roadster earlier this month.

26 April 2012

By Delen Goldberg

MGM appoints new executive for China

MGM Resorts International announced Thursday that it has named William M. Scott IV as its senior resident executive for China.

26 April 2012

Associated Press

Pennsylvania woman wins $13,000 playing Let It Ride at Four Queens in Las Vegas

An Ebervale, Pa., woman won $13,000 on Tuesday, April 24, 2012, while playing Let It Ride at the Four Queens in downtown Las Vegas.

A Pennsylvania woman won $13,000 after only 10 minutes at a poker game this week in downtown Las Vegas.

25 April 2012

By Ron Sylvester

Las Vegas Sands sees big jump in casino winnings at Strip properties

The $1.9 billion Palazzo, at left, opened in December 2007, boasting 3,068 rooms. The resort is shown here in February 2008.

A big jump in casino winnings boosted first-quarter results for the Venetian and Palazzo resorts on the Las Vegas Strip, their owner said Wednesday.

25 April 2012

By Steve Green

Influential slot machine designer dies in accident

Robert Phillip Manz, whose legacy includes designing some of the most successful slot machine games in history, died Saturday, April 21, 2012, in Las Vegas after reportedly suffering a medical emergency while driving.

The designer of some of the most successful slot machine games in history — Blazing 7s and the Black and White slot series — has died in a traffic accident in Las Vegas. Robert Phillip Manz, who had a 23-year career with the predecessor companies of Bally Technologies, was 65.

25 April 2012

By Richard N. Velotta

Casino supplier IGT says interactive gaming helps boost revenue

Casino supplier International Game Technology on Tuesday said its investment in interactive gaming helped boost revenue in the fiscal second quarter ended March 31.

24 April 2012

By Steve Green

French investor push to buy Full Tilt Poker fails

A lawyer for a French investment group says its push to buy troubled online poker operator Full Tilt Poker has fallen through after the potential buyer couldn't agree with the Department of Justice over how quickly players with money tied up on the site would be repaid.

24 April 2012

Associated Press

Cannery casinos pay out more than $316,000 in pai gow jackpots

Aces and jokers have been flying at the pai gow poker tables this month at Cannery casinos, with jackpots paying out more than $316,000.

24 April 2012

By Ron Sylvester

Boyd swings to profit despite flat local results

Boyd Gaming Corp. of Las Vegas said Tuesday it earned a profit in the first quarter despite continued difficulties in the Las Vegas market.

24 April 2012

By Steve Green

Bally Technologies CEO talks hot games, Internet poker, expansion plans and new jobs

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

Richard Haddrill, CEO of Bally Technologies, has been giving his passport a workout.

24 April 2012

By Richard N. Velotta

Moody’s warns of continued losses at Riviera

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

Moody’s Investors Service on Monday downgraded Riviera Holdings Corp.’s debt ratings and said further downgrades are possible for the Las Vegas hotel-casino company. Riviera is considered to be in better financial shape after its emergence from bankruptcy last year — a deal engineered by veteran hotelier Barry Sternlicht. Moody’s, however, is worried about continued losses at the aging 2,075-room Riviera hotel-casino on the Las Vegas Strip as well as the company’s debt load of about $73 million.

23 April 2012

By Steve Green

State shirking duty to help gambling addicts

One of the things I didn’t report in the series of stories I wrote about the recent Nevada State Conference on Problem Gambling was that all of the speakers appeared on their own dime. The Nevada Council on Problem Gambling’s reason for not cutting expense checks to presenters isn’t that it’s cheap. The organization can’t afford it — it’s a nonprofit that operates on donations and memberships.