Gaming

New tower brings 450 jobs to Caesars Palace

A king room is seen in the Octavius tower at Caesars Palace.

With Las Vegas hotel and casino jobs hard to come by during the recession, employment seekers have some hope with Caesars Palace planning to hire 450 people in advance of the Jan. 2 opening of Octavius Tower.

17 November 2011
By Steve Green

Cannery Casino Resorts LLC reports 3rd quarter gain

The Cannery in North Las Vegas.

A new Indian casino consulting deal lifted third quarter revenue for Cannery Casino Resorts LLC of Las Vegas.

16 November 2011
By Steve Green

'Bonus Boxes' with prizes for players in test phase at Red Rock

Gaming Support's "Bonus Box" prize cylinder attaches to existing slot machines.

Real paper money is a rare thing in casinos these days. But a new slot machine accessory being tested at Red Rock puts cash back on the gaming floor.

16 November 2011
By Delen Goldberg

Analysts: Las Vegas Strip revenue to grow by 5.7 percent in 2012

This is a view of the Las Vegas Strip on Sept. 11, 2011. Analysts at CB Richard Ellis say mass market on the Las Vegas Strip will show a revenue increase of between 1.8 percent and 4.8 percent in 2012 and hotel rates are expected to climb between 3 percent and 6.2 percent for the year.

Analysts at CB Richard Ellis project Strip revenue to increase by up to 5.7 percent next year, but the volatility of the baccarat market could offset any gains.

15 November 2011
By Richard N. Velotta

Downtown Western Casino closing after 41 years

A view of the Western Hotel and Casino on East Fremont Street on Tuesday, Nov. 15, 2011. In a statement, Tamares Real Estate, owners of the Western, announced the casino will close Monday, Jan. 16, 2012, for an indefinite period of time.

The 41-year-old Western Casino in downtown Las Vegas is closing. Because of decreased demand, Tamares Real Estate will be closing the Western Casino, effective Monday, Jan. 16, 2012, for an indefinite period of time. Tamares, which is renovating the Plaza Hotel and Casino, said it needs to consider redevelopment options for the Western Casino and other Tamares properties.

15 November 2011
By Delen Goldberg

Las Vegas firm sues casino in trademark dispute

A trademark dispute has erupted between a sizeable Indian casino in Minnesota and a Las Vegas-based casino supplier.

15 November 2011
By Steve Green

Caesars Entertainment restarts plans to go public

Caesars Palace is seen on Jan. 14, 2010.

Caesars Entertainment Corp., one of the world's biggest casino companies, is restarting its plans to go public a year after it canceled its initial public offering. The announcement comes as the IPO market is beginning to heat up again.

15 November 2011
Associated Press

Cosmopolitan resort, Affinity Gaming and Riviera resort report 3rd quarter losses

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

The owner of the Cosmopolitan resort on the Las Vegas Strip reported a third quarter loss Monday as heavy promotional spending for the new property continued to affect its results.

15 November 2011
By Steve Green

Station Casinos narrows losses in third quarter

Station Casinos LLC, the controlling company for the Las Vegas-based locals casino giant, narrowed its losses in the third quarter that ended Sept. 30 according to documents filed today with the federal Securities and Exchange Commission.

14 November 2011
By Richard N. Velotta

LVCVA to unveil strategy to spur an economic rebound

The Las Vegas Convention and Visitors Authority is ready to call the Great Recession history and initiate a multiyear, multilayered plan to spur growth in the city’s $36 billion tourism economy. LVCVA President and CEO Rossi Ralenkotter said he would present details of his destination innovation and leadership plan on Thursday.

14 November 2011
By Richard N. Velotta

State to take license applications for Internet poker starting in February

The state Gaming Control Board on Wednesday, Aug. 24, 2011, issued a draft of proposed regulations governing Internet poker. In this file photo, a woman who wished to remain anonymous plays online.

The state Gaming Control Board in February will begin taking applications to license companies to operate Internet poker sites, according to a state gaming regulator.

14 November 2011
By Richard N. Velotta

Station Casinos hires Culinary union advocate

Station Casinos, which for years has waged a vicious battle with the Culinary union, announced Friday that it hired one of the labor group’s strongest advocates. Mike Sloan joins Fertitta Entertainment as a senior vice president of government relations.

11 November 2011
By Delen Goldberg

2 casino suppliers report steady 3rd-quarter business

Two Las Vegas-based casino suppliers reported financial results this week showing business was steady in the third quarter.

11 November 2011
By Steve Green

Gaming lawyer doubtful of legal online poker anytime soon

A prominent gaming attorney said he doesn’t expect an online poker bill to be passed anytime soon, even though the demand is present, states are clamoring for tax revenue and sufficient technological safeguards would be in place to prevent underage players from gambling.

10 November 2011
By Richard N. Velotta

Judge rejects Wynn tip-pooling policy; company to appeal

The Encore is shown to the left of the Wynn Las Vegas on the Strip.

Steve Wynn’s revolutionary policy of requiring hundreds of card dealers to share tips with supervisors does not comply with Nevada law, a state judge has ruled. An attorney for Wynn Resorts Ltd. on Thursday said it would appeal — setting up a high court showdown.

10 November 2011
By Steve Green
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