Gaming

Bally Technologies reports fall in earnings

Bally Technologies Inc. of Las Vegas, a maker of slot machines and casino systems, today said its 2011 fiscal year first quarter earnings fell on lower revenue.

27 October 2010
By Steve Green

Las Vegas Sands sees record revenue in 3Q on strength in Asia

With business booming in Macau and Singapore, Las Vegas Sands Corp. today reported a third quarter profit and record revenue.

27 October 2010
By Steve Green

Report: Don’t bet on Las Vegas Strip comeback in 2011

A report released Wednesday indicates trends show the Las Vegas Strip won't recover in 2011 from the economic downturn.

While some industry observers point to recent increases in gambling revenue as a sign that a recovery is under way, analysts at CB Richard Ellis in Las Vegas are popping that balloon, calling such figures a temporary aberration.

27 October 2010
By Liz Benston

Investors study Boyd Gaming's plan to reduce debt

Boyd Gaming Corp. stock was steady today as investors and analysts studied the company's plan to sell $500 million of senior notes due in 2018 as part of a debt reduction and refinancing initiative.

27 October 2010
By Steve Green

Boyd Gaming plans to tap Wall Street to pay off, refinance debt

Boyd Gaming Corp. of Las Vegas late Tuesday announced plans to tap Wall Street to raise $500 million to pay off or refinance existing debt. Boyd said it is offering $500 million of eight-year senior notes in a private placement transaction, subject to market, regulatory and other conditions.

26 October 2010
By Steve Green

Harrah's to invest in long-stalled Philadelphia casino

PHILADELPHIA ― Harrah's Entertainment has signed an agreement to invest in and manage the long-stalled Foxwoods casino project in South Philadelphia.

26 October 2010
Associated Press

Analysts applaud MGM Resorts for financial moves

Wall Street debt analysts are praising the latest efforts by MGM Resorts International to improve its balance sheet. Analysts say the cash is needed to help fund additional investments in CityCenter.

26 October 2010
By Steve Green

Nightclub workers sue Wynn over tip pooling

Nevada Labor Commissioner Michael Tanchek has upheld the groundbreaking Wynn Las Vegas policy of requiring casino dealers to share tips with managers -- but that hasn't stopped attorneys and workers from challenging.

25 October 2010
By Steve Green

Las Vegas Sands, InterContinental ink 10-year marketing deal

Las Vegas Sands Corp. today announced a 10-year co-marketing deal with InterContinental Hotels Group PLC (IHG) that will affiliate the Venetian and Palazzo resort complex on the Las Vegas Strip with IHG's InterContinental brand.

25 October 2010
By Steve Green

Boyd Gaming won't buy rest of Atlantic City's Borgata

Boyd Gaming today reported continued declines in revenue in the Las Vegas area, hard hit by the recession, and also said it's declining an offer to buy the 50 percent of the Borgata resort in Atlantic City it does not already own.

25 October 2010
By Steve Green

Leaders named at gaming companies after bankruptcy

New CEOs and boards of directors have been named for two Las Vegas-based casino operators as they emerge from bankruptcy. Taking over as CEO at post-bankruptcy Riviera Holdings Corp. will be former Las Vegas Sands Corp. executive Andy Choy.

25 October 2010
By Steve Green

Palms, N9NE Group investors seek ouster of restaurant, club manager

Theft of company assets. A cover-up in a scandal over underage women being allowed in adult areas of the casino. Arranging for “puff pieces” in the media to polish the image of an executive’s wife.

22 October 2010
By Steve Green

Cosmopolitan's jarring ad aimed at the 'curious class'

The Cosmopolitan of Las Vegas' first commercial debuted during the season finale of "Mad Men" on Oct. 17.

What do hundreds of furry, little animals have to do with the Las Vegas Strip’s newest resort? Apparently nothing, but they piqued viewer curiosity during the Cosmopolitan of Las Vegas’ first commercial earlier this week — and that’s exactly what the resort wanted. Just two months before its opening, the $3.9 billion hotel-casino debuted its curious and provocative TV ad during the season finale of “Mad Men” on AMC Sunday evening.

22 October 2010
By Amanda Finnegan

Former Sands Macau executive alleges he was wrongly fired

Steve Jacobs, former point man for Las Vegas Sands Corp. in the fast-growing Chinese gambling district of Macau, claims in a lawsuit he was fired over disputes, including his resistance to demands that he engage in improper and illegal activity.

22 October 2010
By Steve Green

Reno tavern owner keeps gaming licenses after fight

CARSON CITY – A Reno man who slugged another man who almost died is going to keep his two gaming licenses for slot machines at a bar and grill.

21 October 2010
By Cy Ryan
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