Gaming

Gaming executives foresee a tough year ahead

Gaming industry leaders are confident visitors will return in greater numbers in 2011, benefitting hotels, restaurants and resort amenities, but they’re less confident about whether their casinos will see a similar increase.

9 December 2010
By Richard N. Velotta

Sandoval releasing two cabinet members, backs Internet poker

Gov.-elect Brian Sandoval is dumping two cabinet members and is supporting legalization of Internet poker.

9 December 2010
By Cy Ryan

Lady Luck plans upgrade, submits plans to city

An artist's rendering of the renovations planned to the downtown Lady Luck property.

Maybe Zappos really is a world changer -- or at the very least, a downtown Las Vegas changer. At a news conference today, Andrew Donner, CEO and owner of Resort Gaming Group, said Zappos' announcement last week that it will move into City Hall in 2012 only makes better RGG's plans to renovate, upgrade and overhaul the mothballed Lady Luck casino-hotel.

8 December 2010
By Joe Schoenmann

Tropicana Entertainment to sell Mississippi riverboat casino

Tropicana Entertainment Inc. of Las Vegas on Tuesday disclosed plans to sell its Horizon Vicksburg Casino in Mississippi to a company associated with South Carolina casino vendor Gateway Gaming.

8 December 2010
By Steve Green

Outlook for Caesars Entertainment debt is mixed, ratings agency says

Fitch Ratings today assigned initial debt ratings to gaming giant Caesars Entertainment Corp., saying the Las Vegas company remains highly leveraged but has a stable outlook thanks to its valuable customer database and diverse portfolio of casinos.

7 December 2010
By Steve Green

Sahara to pay $100,000 to settle discrimination lawsuit

The Sahara porte cochere and marquee are seen Monday, Dec. 21, 2009.

The current and former owners of the Sahara hotel-casino will pay $100,000 to settle a lawsuit filed in behalf of a man of Middle Eastern descent who complained of workplace discrimination.

7 December 2010
By Steve Green

Harry Reid rushes effort to legalize Internet poker

Senate Majority Leader Harry Reid meets reporters on Capitol Hill in Washington, Thursday, Dec. 2, 2010.

With just days left before the 111th Congress calls it quits, Senate Majority Leader Harry Reid is taking what’s almost certain to be his last, best chance for a while to fast-track an effort to legalize Internet poker and deliver a prize to some of his biggest backers.

7 December 2010
By Liz Benston,
Karoun Demirjian

Analysts expect gaming revenue at pre-recession levels in 2014

A view of the entrance to CityCenter is shown on the Las Vegas Strip on Wednesday, November 23, 2010.

After tumbling during the recession, Nevada gaming revenue should return to 2007 levels by 2014. That’s according to a report to be released Tuesday by national accounting firm PwC, which had some positive comments about the competitiveness of the state’s gaming industry.

6 December 2010
By Steve Green

Harry Reid pushes bill to allow for online gambling

Senate Majority Leader Harry Reid is pushing behind the scenes for lame-duck legislation that would allow poker games over the Internet but restrict initial licenses to casinos and racetrack operators that have been in businesses at least five years.

3 December 2010
Associated Press

Gaming promotion, appointments announced

Tropicana Las Vegas Hotel and Casino Inc. this week said certified public accountant Marie Ramsey, vice president of finance, was promoted to vice president and chief financial officer.

3 December 2010
By Steve Green

Staff putting finishing touches on Cosmopolitan

The Cosmopolitan of Las Vegas is set to open on the Las Vegas Strip on Dec. 15.

Workers at the Cosmopolitan of Las Vegas are busy putting the finishing touches on the resort, with just days left before its debut on the Strip. Situated between the Bellagio and CityCenter, the $3.9 billion, 2,995-room resort will open to the public on Dec. 15.

3 December 2010
By Amanda Finnegan

Las Vegas Sands plan for two Macau parcels rejected

The Sands Casino in Macau is seen Oct. 31, 2009.

Las Vegas Sands disclosed that its long-term development efforts in China sustained a setback when the Macau government did not approve a land concession on the Cotai Strip. In all, Las Vegas Sands has proposed three integrated resort developments on the Cotai Strip.

2 December 2010
By Steve Green

New Year's at Cosmopolitan: 1 room, 3 nights, $5,600

The Cosmopolitan's rooms will be marketed as a resort hotel with added perks typical of condominiums.

A night of New Year’s Eve partying at a Las Vegas Strip resort can be extremely pricey, but ringing in the new year at the Cosmopolitan of Las Vegas could cost you a small fortune. The soon-to-open resort released details this week of its exclusive (and expensive) New Year’s Eve package, which comes with a whopping $5,600 price tag.

2 December 2010
By Amanda Finnegan

Regulatory board OKs company to run Herbst Gaming

The state Gaming Control Board on Wednesday recommended approval of the licensing of a new company that will run the Herbst Gaming empire, which is expected to emerge from bankruptcy protection later this month.

2 December 2010
By Richard N. Velotta

Macau gaming revenue climbs 42 percent in November

Shares of casino operators with properties in Macau climbed Wednesday as new figures revealed gaming revenue rose 42 percent in the Chinese enclave in November.

1 December 2010
Associated Press
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