Gaming

Compensation bounces back for top Las Vegas executives

Wynn Resorts Chairman and CEO Steve Wynn, second from left, stands with Wynn International Marketing President Linda Chen at the grand opening of Encore at Wynn Macau in April 2010. Wynn ranked at No. 2 on the 2010 list of highest-paid executives with $14.6 million while Chen, the first woman to break the top 10, ranked at No. 5 with $13.47 million.

Last year brought fatter paychecks for Las Vegas’ top executives as the city’s economy began its slow crawl back to pre-recession levels.

21 June 2011
By Amanda Finnegan

Phil Ruffin goes down the middle

Phil Ruffin, owner of Treasure Island, in his office on Wednesday, May 18, 2011.

If there is anyone who knows a deal, it’s Phil Ruffin.

20 June 2011
By Amanda Finnegan

Sahara unloads pieces of 58-year history at liquidation sale

Shoppers purchase their items during the first day of the Sahara liquidation sale Thursday, June 16, 2011. Nearly every item is for sale and were priced and sold as is, where is and on a first come basis.

There are rules to a liquidation sale, you know. Just because you are guarding that prime rib cart, that doesn’t make it yours. And there’s no bargaining or bartering, either — at least not on the first day.

16 June 2011
By Amanda Finnegan

Downtown's Plaza hotel set to reopen after renovations

A renovated penthouse suite at the Plaza Hotel and Casino. The property will reopen to guests on Sept. 1 after an extensive overhaul at the 40-year-old property.

The Plaza Hotel and Casino will reopen to guests Sept. 1 after an extensive overhaul of the 40-year-old property. It closed in September 2010 for a renovation of the casino, restaurants and more than 1,000 hotel rooms.

15 June 2011
By Amanda Finnegan

S&P raises credit rating for Las Vegas Sands

Standard & Poor’s today raised its corporate credit rating for casino resort and convention center operator Las Vegas Sands Corp., citing its strong financial performance and growth prospects.

15 June 2011
By Steve Green

Lawsuits pile up as alleged casino assaults continue

Lawsuits pile up as alleged casino assaults continue

In a downtown Las Vegas office, CD cases are stacked haphazardly, like an exhaustive, meticulously labeled music collection. These aren’t albums but rather, casino surveillance footage showing altercations between customers and casino security.

15 June 2011
By Liz Benston

LVCVA approves contracts for 10 international offices

Chinese New Year at The Venetian and Palazzo.

The Las Vegas Convention and Visitors Authority board of directors today approved contracts for 10 international offices and an extension of its advertising agreement with R&R Partners as it said goodbye to five elected officials, including its chairman, Las Vegas Mayor Oscar Goodman.

14 June 2011
By Richard N. Velotta

Palms, TPG announce partnership to 'significantly reduce' debt

The Palms Casino Resort and Palms Place.

The Palms Casino Resort announced today it is partnering with TPG Opportunity Partners to “significantly reduce” debt at the property. TPG Opportunity Partners is a partnership between Leonard Green & Partners and the TPG Capital investment firm.

14 June 2011
By Amanda Finnegan

3 early successes and challenges for Cosmopolitan

The Cosmopolitan opened in December, positioning itself as the anti-Strip resort. Six months later, it is still enjoying a strong positive buzz, but nonetheless lost $50 million in the first quarter, primarily because of poor gaming revenue. Here are three things that Cosmo is doing well, and three challenges.

13 June 2011
By J. Patrick Coolican

Is the Cosmopolitan too big to fail?

In the center of the casino floor sits Cosmopolitan's literal crown jewel. The Chandelier is a three-tiered bar and lounge encased by two million crystals dripping in strands from the ceiling almost to the floor, creating the sense of a fantastical, inhabited chandelier.

There’s little doubt about where the place to be is in Vegas on a Saturday night lately. If it’s early, it’s at Vesper Bar, where you sip a Moscow Mule and watch the beautiful people check in while you check out one of the floor-to-ceiling video art installations.

13 June 2011
By J. Patrick Coolican

Governor signs bills on in-room gambling, Internet poker

Two bills opening up new horizons for Nevada’s casinos have been signed into law by Gov. Brian Sandoval. Among the 36 bills approved by Sandoval on Friday were ones to allow electronic gambling in hotel rooms and permitting Internet poker if the federal government also approves it.

10 June 2011
By Cy Ryan

Standard & Poor’s upgrades debt rating for Wynn Resorts

Standard & Poor’s today lifted its corporate credit rating on Las Vegas-based Wynn Resorts Ltd., citing its strong financial profile and CEO Steve Wynn’s record of producing profits for shareholders.

10 June 2011
By Steve Green

Key conservative joins Harry Reid in effort to legalize online poker

On most issues, Rep. Joe Barton, a Texas Republican, and Nevada’s Democratic Sen. Harry Reid are thorns in each other’s sides. Reid hates oil subsidies. Barton is an ardent defender of the oil companies.

10 June 2011
By Karoun Demirjian

Judge dismisses fired exec's defamation claim against Las Vegas Sands

Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corporation and his wife Miriam Adelson, attend the opening ceremony of the Venetian Macao Resort Hotel in Macau Tuesday, August 28, 2007.

A state judge today dismissed a defamation claim filed by fired casino executive Steven Jacobs against Las Vegas Sands Corp. and CEO and Chairman Sheldon Adelson.

9 June 2011
By Steve Green

Strip casino win down 2.2 percent in April; state tax figure up

CARSON CITY – Winnings at Las Vegas Strip casinos fell by 2.2 percent in April compared to a year earlier, the fifth drop in the past six months.

9 June 2011
By Cy Ryan
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