Gaming - VEGAS INC

MGM Resorts distances itself from bankrupt MGM Studios

The worldwide value of MGM Resorts International's brands was highlighted today when the company moved to clarify for investors, customers and vendors that it is not affiliated with the bankrupt MGM Studios.

4 November 2010

By Steve Green

Nov. 10 auction for sale of Reno hotel casino

A judge has set a courthouse auction in Reno next week for the possible sale of the bankrupt Siena Hotel Casino. A national investment banking firm hopes the Nov. 10 auction will result in the sell the downtown resort that recently closed after a long string of financial problems.

4 November 2010

Associated Press

Management company reports financial troubles at Hard Rock

The check-in lobby at the new HRH Tower at the Hard Rock Hotel in Las Vegas Monday, December 28, 2009.

Problems with meeting debt obligations are mounting at the Hard Rock hotel-casino, even as the property is beginning to see improvements in the market, its management company reported.

3 November 2010

By Steve Green

Board suggests licensing approval for Tropicana owner

The state Gaming Control Board has recommended approval of the licensing of the companies that control the storied Tropicana hotel-casino on the Las Vegas Strip.

3 November 2010

By Richard N. Velotta

MGM: Las Vegas market stabilizing, but mid-tier resorts 'challenged'

MGM Resorts International expects revenue to grow from its CityCenter joint venture and its high-end hotels elsewhere on the Las Vegas Strip -- but lower-end properties remain challenged.

3 November 2010

By Steve Green

Harrah's deal to bring digital advertising to 'high-traffic' areas

Harrah's Entertainment Inc. of Las Vegas has plenty of walls on and in its casinos and hotel rooms -- and a deal announced today will see more digital advertising displays on those walls.

2 November 2010

By Steve Green

Wynn Las Vegas dealers OK their first labor contract

More than three years after voting for union representation, Wynn Las Vegas dealers last week voted 258 to 65 to approve the resort’s first-ever labor contract. About 60 percent of Wynn's 500-plus full-time dealers cast votes, union representatives said.

2 November 2010

By Liz Benston

Shareholder suits against MGM Resorts advance

More than a year after Las Vegas-based casino resort operator MGM Resorts International was hit with six shareholder class-action and "derivative" lawsuits over a decline in its stock price, some of the cases have advanced with selection of lead plaintiffs.

2 November 2010

By Steve Green

Westin Casuarina faces hardships amid economic downturn

The owner of the Westin Casuarina Hotel, Casino & Spa isn’t commenting on how the property is performing during the recession, but real estate watchers say it may face foreclosure.

1 November 2010

By Steve Green

The gaming industry is 24/7, so why not its news, too?

Partners Randy Zinkil, left, and Jeff Voyles are planning to launch a 24-hour gaming news channel.

More than two years ago, UNLV professor and casino consultant Jeff Voyles had an “aha” moment while leafing through more than a dozen casino industry trade publications that have sprouted in the past decade. “It just didn’t make sense, going through all this stuff,” he said.

1 November 2010

By Liz Benston

AOL Travel lists 5 best casinos in Las Vegas

The Las Vegas Strip can be an overwhelming mess of flashing lights and monstrous resorts for any first-time visitor, so AOL Travel has broken it down into an easy to digest list of must-see casinos.

30 October 2010

By Amanda Finnegan

Tropicana not the tired, old lady on the Strip anymore

"Our room product is best in its class in the new competitive set," Tropicana Las Vegas CEO Alex Yemenidjian says. The Strip resort is undergoing a $180 million renovation.

When Toronto-based Onex Corp. acquired the Tropicana Las Vegas out of bankruptcy last year and installed Alex Yemenidjian as CEO, the plan wasn’t to survive on bargain hunters amid dated surroundings.

30 October 2010

By Liz Benston

Casino companies change names to elevate image, investor appeal

Harrah's Entertainment, which owns Harrah's and Imperial Palace on the Strip, has considered renaming the company Caesars Entertainment.

Nevada’s largest casino company recently bid farewell to its corporate name of a decade and adopted a highfalutin new one: MGM Resorts International. Soon, two other Strip giants may do likewise. It’s as if some fabled casinos are suddenly in a hurry to shed their skins.

29 October 2010

By Liz Benston

MGM Resorts raises $486 million with debt offering

Casino company MGM Resorts International says it has raised $486 million through its offer of $500 million in notes priced slightly below face value.

28 October 2010

Associated Press

Cosmopolitan chief reveals more details about new resort

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

With only about 45 days until the Cosmopolitan of Las Vegas opens, Chief Executive John Unwin is still slowly revealing facets of the $3.9 billion resort. The amenities guests will find at Cosmopolitan can’t be found anywhere else in Las Vegas, Unwin said.