Gaming

UNLV forecast says economy will remain flat

A UNLV index covering Southern Nevada's economy was flat this month, with mixed signals coming from the pivotal local tourism and gaming industry.

30 November 2011
By Steve Green

Hooters hotel-casino to be sold at auction

Hooters hotel-casino just off the Las Vegas Strip.

The Hooters hotel-casino in Las Vegas will we sold at auction under a deal disclosed in U.S. Bankruptcy Court on Tuesday. The 696-room property on Tropicana Avenue, just east of the Las Vegas Strip, filed for Chapter 11 bankruptcy reorganization and protection on Aug. 1. The bankruptcy was filed to block a foreclosure threatened by Canpartners Realty Holding Company IV, holder of $178 million of Hooters’ $181 million face value in debt. Canpartners is part of the $20 billion investment company Canyon Capital Realty Advisors of Los Angeles.

29 November 2011
By Steve Green

Subcontractors fight Harmon demolition plan

The Harmon at CityCenter in Las Vegas on Thursday, Oct. 27, 2011.

Two subcontractors have joined the general contractor in fighting plans by MGM Resorts International to implode the unused Harmon Tower at CityCenter on the Las Vegas Strip. The CityCenter casino-resort complex, half owned and managed by MGM Resorts International, says the 26-story hotel structure is unsafe because of construction defects and needs to come down.

29 November 2011
By Steve Green

Boyd says deal to sell Dania Jai-Alai called off

Boyd Gaming Corp. of Las Vegas today said its deal announced in May to sell its Dania Jai-Alai operation in Florida for $80 million has been called off.

29 November 2011
By Steve Green

Las Vegas man hits keno jackpot, turns 40 cents into $100,000

Video keno jackpot winner Hector Hernandez poses with Palace Station staff.

Hector Hernandez used his Black Friday to turn 40 cents into $100,000.

28 November 2011
By VEGAS INC Staff

Wynn stock gains 8 percent today on Macau strength, Vegas recovery

Wynn Resorts Ltd.'s stock gained nearly 8 percent on Monday as an analyst upgraded the casino operator, saying it stands to benefit from continued strength in Macau and the ongoing recovery of the Las Vegas gambling market.

28 November 2011
Associated Press

Addicted to gambling? There's going to be an app for that

A woman who wants to remain anonymous plays poker online.

A UNLV professor is developing a smart phone application that could be important to the future of the gaming industry. Its name: HealthE Gambling.

28 November 2011
By J. Patrick Coolican

Court rules North Las Vegas casino not liable in patron's shooting

Mahoney’s Silver Nugget in North Las Vegas did not owe a man who was shot to death in the casino a duty of care, the Nevada Supreme Court has ruled.

24 November 2011
By Cy Ryan

Romney faces tough decision with stance on online gaming

Former Massachusetts Gov. Mitt Romney responds to a question during an interview in Las Vegas Monday, Oct. 17, 2011.

Both parties in this state agree that one of the biggest potential employment engines is legalizing online poker: Do that and, as Sen. Harry Reid once put it, you’ll create “jobs, and lots of jobs.” Nevada’s front-runner in the Republican race for the presidential nomination, however, isn’t yet sure.

24 November 2011
By Karoun Demirjian

Caesars facing suit over California dealers’ tips

While a lawsuit over the pooling of casino dealers’ tips winds its way through Nevada’s court system, another casino tip lawsuit has emerged in California. A state judge this month ruled Wynn Resorts Ltd. can’t include managers in the dealers’ tip pools at its Wynn and Encore resorts.

22 November 2011
By Steve Green

Judge weighing arguments in $700 million Fontainebleau fraud lawsuit

The unfinished Fontainebleau is shown Thursday, July 28, 2011.

With potentially $700 million in damages at stake, it was little surprise when 23 attorneys packed into a Las Vegas courtroom Monday to argue about whether a fraud lawsuit could continue over the failed $2.9 billion Fontainebleau Las Vegas casino resort.

22 November 2011
By Steve Green

In debate of online poker, lawmakers invoke Prohibition, Abramoff scandal

Advocates for legalizing online poker will aver that the debate should be about only one thing: poker. Like it or not though, it’s about a lot of other things too.

18 November 2011
By Karoun Demirjian

Former executive hits Cantor Gaming with counterclaim

Nevada casino sports book operator Joseph Asher has hit competitor Cantor Gaming with a counterclaim in its lawsuit over competition in the industry.

18 November 2011
By Steve Green

Tribes could put crimp in push to legalize online gaming

Members of Congress are seriously considering the potential implications of legalizing online gaming, including adopting regulations to police the industry in committee hearings in the Senate and House this week.

18 November 2011
By Karoun Demirjian

Changes disclosed in Aliante Station management contract

Aliante Station Casino and Hotel in North Las Vegas.

Station Casinos LLC’s 16-day-old contract to manage Aliante Station in North Las Vegas has been terminated for undisclosed reasons, but Station, nevertheless, expects to remain as the manager indefinitely.

17 November 2011
By Steve Green
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