Gaming

Moody's upgrades Caesars Entertainment debt, cites 'signs of improvement'

Moody's Investors Service today upgraded key Caesars Entertainment Corp. debt ratings, saying a profitability measure should rise moderately in 2011.

1 March 2011
By Steve Green

Las Vegas gaming entity files for bankruptcy

A Las Vegas company that owns slot machine patents filed for bankruptcy Monday after accumulating millions of dollars in losses and engaging in litigation with shareholders and others.

1 March 2011
By Steve Green

Las Vegas Sands gets SEC subpoena

Las Vegas Sands Corp. stock was down 4 percent this morning after the company disclosed it's being investigated for its compliance with the Foreign Corrupt Practices Act.

1 March 2011
By Steve Green

Boyd Gaming 4th-quarter loss widens on expenses

With unemployment in the Las Vegas area running at 14.9 percent, Boyd Gaming Corp. today reported revenue and profitability declines for its Las Vegas locals' hotel-casinos during the fourth quarter of 2010.

1 March 2011
By Steve Green

CityCenter hopes new signage brings more traffic

A building wrap, starting at the base of the Harmon, points pedestrians to CityCenter and the Crystals mall Monday, Feb. 28, 2011.

When Deutsche Bank opened the Cosmopolitan on the Strip in December, misinformed tourists and some Las Vegas residents mistakenly grouped the new resort with MGM Resorts International’s CityCenter complex next door. It was easy to see why.

1 March 2011
By Amanda Finnegan

Paragon Gaming CEO Diana Bennett donates $1.5 million to Smith Center

Las Vegas gaming industry leader Diana Bennett recently donated $1.5 million to The Smith Center for the Performing Arts, set to open in March 2012.

28 February 2011
By Paul Takahashi

Steve Wynn gets annual salary boost of $1 million

Wynn Resorts CEO Steve Wynn has received an annual salary increase of about $1 million, according to a regulatory filing today. Wynn’s base salary was increased to $4 million, the filing indicated. The change was effective Feb. 24.

28 February 2011
By Amanda Finnegan

Las Vegas Sands cuts bait: Comps

Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp., speaks during the news conference of the opening ceremony of the Venetian Macao Resort Hotel in Macau Tuesday, Aug. 28, 2007.

Attracted to the resort’s elegant surroundings, hushed atmosphere and perks such as free hotel rooms and entertainment discounts, California resident Joy Kane was a regular at the Palazzo, gambling thousands of dollars per trip as frequently as once a month.

28 February 2011
By Liz Benston

Wynn Las Vegas gets $99 million upgrade after 5 years

The newly designed salon suite at Wynn Las Vegas Wednesday, February 23, 2011.

While some of his Las Vegas Strip neighbors are tattered from several years of use, Wynn Resorts CEO Steve Wynn barely waits for a thread to be out of place at his hotels before calling for a complete remodel. It’s a practice the casino mogul has followed since the beginning of his career, first at the Golden Nugget and now at Wynn Las Vegas.

28 February 2011
By Amanda Finnegan

Bankrupt B.B. King's blues club, Mirage in invoicing dispute

B.B. King performs at B.B. King's Blues Club at The Mirage on Aug. 17, 2010.

Details surfaced Friday on the dispute between the Mirage hotel-casino on the Las Vegas Strip and the bankrupt B.B. King's Blues Club at the casino. B.B. King's Las Vegas club and restaurant filed for bankruptcy reorganization last week in Memphis. The club remains open. The bankruptcy filing at the time listed a disputed debt of $585,000 to the Mirage. The nature of at least part of that dispute, from the point of view of B.B. King's, became apparent Friday when B.B. King's filed a complaint against the Mirage in the bankruptcy case claiming the Mirage has failed to justify invoices ...

25 February 2011
By Steve Green

Caesars Entertainment reports better Las Vegas results

Caesars Entertainment properties in Las Vegas are Paris, shown in the background, as well as Bally's, Bill's, Flamingo, O'Sheas, Imperial Palace, Caesars Palace, Rio, Harrah's and Planet Hollywood.

Caesars Entertainment Corp. today posted improved results for Las Vegas in the fourth quarter as gamblers returned to the Strip in bigger numbers.

25 February 2011
By Steve Green

Caesars seeks funding for unfinished Octavius Tower, new Las Vegas Strip entertainment plaza

This 2009 artist's rendering, looking east from Caesars Palace, shows the planned corridor between O'Sheas and the Flamingo.

Caesars Entertainment announced today that it is seeking funding to complete the unfinished Octavius Tower at Caesars Palace and to begin development on a retail and entertainment plaza on the Strip.

24 February 2011
By Amanda Finnegan

Gaming regulators OK changes for casino at Hard Rock Hotel

A view of the Hard Rock hotel-casino at Paradise Road and Harmon Avenue on Tuesday, Jan. 25, 2011.

Regulators approved registrations and licensing of companies that will enable the Hard Rock Hotel casino to remain open during a transaction that would resolve financial issues.

24 February 2011
By Richard N. Velotta

Gambling via cell phone may be a stretch — for now

Imagine gambling on digital blackjack on your smart phone while stuck in traffic in the Spaghetti Bowl or dropping money into a slot machine while doing 80 across a high-desert highway west of Ely.

24 February 2011
By Liz Benston

Tropicana cites temporary room closures, economy in 2010 earnings slump

Net revenue tumbled at the Las Vegas Tropicana in 2010 because renovations required temporary closures of hotel rooms, restaurants and parts of the casino floor, the company reported.

23 February 2011
By Steve Green
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