Gaming - VEGAS INC

Gaming regulators unveil rules to oversee Internet poker

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 on Wednesday issued a draft of proposed regulations governing Internet poker, a first step in establishing a framework for licensing online poker operators by a Jan. 31 deadline.

24 August 2011

By Liz Benston

Former Las Vegas gaming executives work to clear their names

Two years after they were accused of defrauding banks and other counts of wrongdoing, former Las Vegas gaming executives Robert Cucinotta and Karim Maskatiya appear to be making good progress in clearing their names.

23 August 2011

By Steve Green

Internet gambling’s new best friend? Conservatives

A woman who wants to remain anonymous plays poker online.

The argument that regulated online gambling could raise millions of tax dollars and generate thousands of jobs has gained steam with fiscal conservatives opposed to raising taxes.

23 August 2011

By Liz Benston

Velotta: Gaming Control Board readies for fireworks over Dotty's

A man enters Dotty's near Eastern and Serene in Henderson on Thursday, March 24, 2011.

One of the reasons Nevada’s gaming industry oversight is so well respected worldwide is because regulators provide an environment of stability. Love or hate some of the regulations the state Gaming Control Board and the Nevada Gaming Commission implement and enforce, the industry usually knows where regulators stand on most of the major issues.

22 August 2011

By Richard N. Velotta

Hooters casino looking at capital or sale options

The Hooters resort-casino on the Las Vegas Strip.

The bankrupt Hooters casino resort in Las Vegas wants to explore alternatives to a forced foreclosure including raising capital, a merger or a sale of the property.

18 August 2011

By Steve Green

MGM Resorts stock slumps on economic news, Kerkorian sale

MGM Resorts International stock tumbled this morning as investors absorbed a double dose of news about the Las Vegas company and the broader stock market.

18 August 2011

By Steve Green

Bellagio guest rooms getting $70 million makeover

A recently renovated room at the Bellagio. The resort is currently undergoing a $70 million room upgrade in its main tower.

Even an 11-time AAA Five Diamond winner needs some sprucing up from time to time. The Bellagio recently finished the first phase of a $70 million room upgrade, releasing 500 renovated rooms for guest reservations.

18 August 2011

Why Caesars Entertainment is shooting for 30-something customers for Linq

An artist's rendering of the proposed restaurant/entertainment district Project Linq.

As one of the nation’s most traveled tourist destinations, Las Vegas may appear a melting pot for American tourism, reflecting nearly every age and income bracket.

18 August 2011

Terry Lanni remembered for his friendship, business acumen

Jim Murren is joined by, from left, Brian Greenspun, Alexis Herman, Frank Fahrenkopf, Gary Loveman and John Wilhelm during a memorial service for former MGM Resorts International CEO Terry Lanni on Tuesday, Aug. 16, 2011.

Inspiring. Professional. Gracious. Visionary. Approachable. Humble. Those were words used by colleagues and employees to describe the late Terry Lanni at a memorial service Tuesday afternoon. Friends of Lanni shared stories about and praised the former MGM Mirage chairman and CEO at the public remembrance at Mandalay Bay.

16 August 2011

By Amanda Finnegan

Strip resort, Carl Icahn company settle dispute over 'Tropicana' use

The Tropicana Las Vegas is seen during the Nikki Beach and Club Nikki White Party Grand Opening on May 26, 2011.

The Tropicana Las Vegas resort has settled a trademark lawsuit with investor Carl Icahn’s gaming company. Tropicana Las Vegas will have the exclusive right to use the “Tropicana Las Vegas” and the “Tropicana LV” names and marks within 50 miles of its Las Vegas Strip casino.

16 August 2011

By Steve Green

Caesars' nongaming unit looking to do deals in India

Caesars Entertainment Corp. of Las Vegas on Monday said its new Caesars Global Life unit is expanding to India.

16 August 2011

By Las Vegas Sun Staff

Cannery Casino Resorts narrows loss in second quarter

Revenue improved and the loss narrowed in the second quarter for Las Vegas-based Cannery Casino Resorts LLC.

16 August 2011

By Steve Green

As Las Vegas gaming companies see gains, stock market brings uncertainty

Upswings in earnings among some Las Vegas casinos have many locals cheering a business recovery that’s reflected in actual spending data rather than ephemeral indicators such as consumer sentiment.

16 August 2011

By Liz Benston

Business picks up for Station Casinos in second quarter

Station Casinos LLC, the company that emerged from the Station Casinos bankruptcy in June, today said revenue and profit from operations improved for the second quarter ended June 30.

15 August 2011

By Steve Green

Cosmopolitan narrows loss, works to boost casino revenue

The Cosmopolitan of Las Vegas is seen on Dec. 13, 2010.

The Cosmopolitan resort posted another quarterly loss on Monday as it intensifies efforts to boost casino revenue. The property’s owner, Nevada Property 1 LLC, said it lost $54.3 million on net revenue of $126.1 million for the second quarter ended June 30.