Gaming

If Boyd Gaming owes $20 million for comped meals, imagine industry total

The French Market Buffet inside Boyd Gaming's Orleans resort. The Nevada Tax Commission ruled Monday that casinos must pay sales tax on comped meals given to gamblers.

Last week, the state saw the tip of the proverbial iceberg. With Nevada government scraping to stay in the black, a recent Tax Department audit concluded Boyd Gaming Corp. owes $20 million in unpaid taxes and interest.

14 August 2011
By David McGrath Schwartz

Will Plaza's much-publicized overhaul pay off?

Will Plaza's much-publicized overhaul pay off?

It is difficult to recall a resort redevelopment in modern Las Vegas history that has received as much hype as the $35 million job taking place at 1 S. Main Street.

13 August 2011
By Steve Friess

Casino operator Affinity Gaming says business flat, profits down

Las Vegas-based casino operator Affinity Gaming LLC — the former Herbst Gaming — on Friday said business was flat in the second quarter as it posted a smaller profit.

12 August 2011
By Steve Green

Stratosphere's parent company sees second-quarter losses shrink

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

American Casino & Entertainment Properties LLC, owner of four hotel-casinos in Southern Nevada, on Friday reported a smaller second-quarter loss as revenue increased slightly.

12 August 2011
By Steve Green

Bally stock declines on lower profit and weaker outlook

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

The stock of Las Vegas-based slot machine maker Bally Technologies Inc. sunk this morning after the company's profit fell in its fourth fiscal quarter.

12 August 2011
By Steve Green

Jockey Club can teach its giant neighbors some economic lessons

The Jockey Club, a timeshare/condominium property nestled between the Cosmopolitan and CityCenter, isn't quite as shiny and new as its neighbors.

The room was booked over the phone because the website couldn’t handle a same-day reservation. Valet parking cost $20 because the attendant couldn’t break a $5 bill. Our belongings were dragged through a Byzantine maze of non-ADA-compliant steps and hallways to get to the bank of elevators that take guests to their rooms. And that’s when the adventure really began.

12 August 2011
Steve Friess

Arrest made after investigation into Las Vegas casino bomb threats

At least one person was arrested in California following an investigation into bomb threats made to Las Vegas casinos and hotels demanding large amounts of money, Metro Police said Thursday.

11 August 2011
By Nikki Villoria

Revenue increases, but profit falls for Bally Technologies

Casino supplier Bally Technologies Inc. today said its operating income fell in its fourth fiscal quarter, even as revenue increased.

11 August 2011
By Steve Green

Tropicana reports jump in revenue amid renovation project

A view of the gaming pit on the casino floor at the Tropicana. The property is going through its first major renovation in nearly 25 years.

Revenue soared at the Tropicana Las Vegas resort in the second quarter thanks to the completion of most of the renovations at the property.

11 August 2011
By Steve Green

New horse-betting system being considered

A new system for betting the horses is on the horizon in Nevada. It’s all computerized and the player won’t have contact with any employees, from placing the wager to the payoff — if there is any.

11 August 2011
By Cy Ryan

Las Vegas records 7 percent gain in visitors in June

June brought Las Vegas its 16th straight month of visitation and room rate gains, according to numbers released today.

10 August 2011
By Las Vegas Sun Staff

Tropicana Entertainment reports $2.7 million loss in second quarter

Casino operator Tropicana Entertainment Inc. of Las Vegas reported a second quarter loss Tuesday as business deteriorated at its properties in Atlantic City and Nevada.

10 August 2011
By Steve Green

Las Vegas Hilton reports loss, skips interest payments on loan

A view of the Las Vegas Hilton at night.

The Las Vegas Hilton reported another quarterly loss on Tuesday and disclosed it’s been skipping interest payments on a loan, putting it into default status. The 2,950-room Paradise Road hotel-casino lost $8.864 million in the second quarter vs. a loss of $9.851 million in 2010’s second quarter.

10 August 2011
By Steve Green

Strip casino winnings up 32 percent over last year

Tourists cross the Strip near Caesars Palace on April 28, 2011.

Casinos along the Las Vegas Strip posted another banner month in June, chalking up a 32.3 percent increase in winnings due in large part to baccarat and craps. That comes on top of a 28.9 percent increase in May, when compared to a year earlier, from the 41 casinos along the Strip.

10 August 2011
By Cy Ryan

Las Vegas Advisor boss' advice: Bring back the Baby Boomers

When Anthony Curtis speaks of the challenge of getting debt-laden consumers to spend money in Las Vegas, his analysis is framed by personal business experience as an analyst of gaming and entertainment industry trends.

10 August 2011
By Dave Berns
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