Gaming - VEGAS INC

Moody's cites 'depressed' market in lowering rating for Stratosphere owner

The Stratosphere is shown Thursday, Dec. 9, 2010.

With the Southern Nevada casino market still struggling, Moody's Investors Service today lowered one of its ratings for the owner of the Stratosphere resort.

1 September 2011

By Steve Green

Judge won't restrict access in case involving Sheldon Adelson security officers

A federal judge today refused to immediately impose a shroud of secrecy around an overtime lawsuit filed by nine elite personal security officers for Las Vegas Sands Corp. CEO Sheldon Adelson and his family.

1 September 2011

By Steve Green

Creditor says Hooters casino brand has failed in Las Vegas

The Hooters resort-casino on the Las Vegas Strip.

The main creditor of the bankrupt Hooters casino resort says the Hooters brand has failed and it’s time for management to give up on seeking a white knight to bail out the property. The creditor is Canpartners Realty Holding Co. IV.

1 September 2011

By Steve Green

Las Vegas-based Shuffle Master sets record quarterly profit

Las Vegas-based gaming supplier Shuffle Master Inc. on Wednesday reported a record quarterly profit as casinos in Australia stepped up purchases and leases of its products. Shuffle Master said revenue during its third quarter ended July 31 increased 13 percent to $58.3 million.

31 August 2011

By Steve Green

New-look Plaza ready to reopen its doors downtown

Las Vegas Mayor Carolyn Goodman addresses a crowd at the Plaza in downtown Las Vegas on Wednesday, Aug. 31, 2011.

After nine months of renovations, the Plaza downtown is ready to reopen its doors Thursday, boasting 1,037 remodeled hotel rooms, a revamped 80,000-square-foot casino floor and new hotel lobby. Michael Pergolini, vice president of hotel operations, said that when the Plaza closed in November, the renovation was not expected to be as extensive as it turned out.

31 August 2011

By Aida Ahmed

Cantor Gaming to run sports book at downtown's Plaza

Cantor Gaming today announced an agreement in which it will run the race and sports book at the Plaza in downtown Las Vegas.

31 August 2011

By Las Vegas Sun Staff

State looking to cash in on unredeemed slot tickets

Gamblers play the slot machines at Aliante Station in North Las Vegas, in this file photo. Under a proposed regulation, the state would keep most of the money from unredeemed slot tickets.

A proposed regulation to divert most of the money from unredeemed slot machine tickets to the state took another step forward Tuesday. The state Gaming Control Board held a workshop on the preliminary regulation that could mean millions dollars more for the state treasury. Board Chairman Mark Lipparelli said he was surprised no one showed up to testify about the proposal. The proposal drew spirited opposition from the Nevada Resort Association and other casino representatives during the last Legislature.

30 August 2011

By Cy Ryan

Sands wins round in court against fired Macau executive

Las Vegas Sands Corp. and its Sands China Ltd. subsidiary have won a round in court in the hotly litigated lawsuit filed by fired Sands China CEO Steven Jacobs.

29 August 2011

By Steve Green

Nevada's outsourcing of slot testing likely to benefit manufacturers

The slot machines inside the Bally Technologies showroom at their headquarters in Las Vegas Monday, May 9, 2011

Slot machines and other high-tech forms of gambling equipment aren’t like toasters or floor lamps. They are more complicated — and crucial to the economy of Nevada.

29 August 2011

By Liz Benston

MGM files lawsuit over Gold Strike casino trademark

MGM Resorts International is suing an Internet poker operator, charging it’s infringing on the Gold Strike casino trademarks. MGM Resorts filed suit against WorldPokerRewardsClub.com Company Inc. and John George.

26 August 2011

By Steve Green

Gaming Commission imposes stricter requirements on slot parlors like Dotty's

Nevada Gaming Commissioner Tony Alamo asks Michael Eide and attorney Patty Becker, representing Dotty's Gaming & Spirits, a series of questions regarding the establishment, Thursday, Aug. 25, 2011. The commission heard arguments by Dotty's regarding a change to state gaming regulations.

The Nevada Gaming Commission on Thursday amended its regulation for licensing small casinos, placing more requirements on establishments like the Dotty’s chain. The amended regulation will require slot parlors like Dotty’s to build new amenities within two years to maintain their licenses. Dotty’s caters primarily to women who don’t like traditional bars and taverns.

25 August 2011

By Richard N. Velotta

Caesars' Jan Jones to receive American Gaming Association honors

The American Gaming Association today said Jan Jones, senior vice president of communications and government relations for Caesars Entertainment Corp. of Las Vegas, will receive the AGA 2011 lifetime achievement award for gaming communications.

25 August 2011

By Las Vegas Sun Staff

Cantor Gaming to operate sports books at Venetian, Palazzo

Sports betting company Cantor Gaming today said the Nevada Gaming Commission and the state Gaming Control Board have approved its plan to operate the race and sports books at the Venetian and the Palazzo on the Las Vegas Strip.

25 August 2011

By Las Vegas Sun Staff

Judge: Las Vegas Sands shareholder lawsuit can continue

Las Vegas Sands Corp. shareholders suing over the near-collapse of Sands’ stock price beginning in 2007 won a tactical victory in their suit Wednesday when a judge refused to dismiss most of the complaint.

25 August 2011

By Steve Green

Getting OK to implode the Harmon proving to be monumental task

MGM Resorts International's plan to implode the Harmon tower at CityCenter faces unusual obstacles. The tower, discovered to have building errors, is at the center of litigation between MGM and the project's general contractor.

When owners of old casinos are ready to pull the plug, they head to Clark County government offices for a demolition permit, detailing how and when the building should be taken down so as not to harm neighbors.