Gaming

Owning, operating casinos not first choice of lenders when loans can’t be repaid

Owning, operating casinos not first choice of lenders when loans can’t be repaid

It’s a scenario many Las Vegas homeowners can readily identify with: Casinos that owe more than their buildings are worth and can no longer afford their debt payments are facing off with lenders who want to recover as much money as possible on ill-timed loans.

August gaming win surges 21 percent on Las Vegas Strip

CARSON CITY – Strong baccarat play and a rebound in the slot machine business helped casinos on the Las Vegas Strip post a 21-percent increase in gross gaming win for August.

M Resort CEO open to a role at casino after Penn National sale

The M Resort is shown near the Interstate 15 and St. Rose Parkway interchange.

It's been rough sledding for the M Resort, which opened in March 2009 at a time of precipitous decline for the Las Vegas economy.

Arizona Charlie’s clears the air, provides smoke-free room

Ron Lurie, general manager of Arizona Charlie's, shows off the new no-smoking room in the Decatur Boulevard casino. "We knew this was kind of a risk," he said.

Arizona Charlie’s, the locals casino on Decatur Boulevard near Charleston, has long prided itself as a place with executives who listen to their customers.

Cosmopolitan exec: Las Vegas economy shows signs of recovery

The Cosmopolitan of Las Vegas debuts its marquee on the Las Vegas Strip on Aug. 3, 2010.

CARSON CITY – The Nevada Gaming Control Board has approved an application to open the $3.9 billion Cosmopolitan hotel-casino on the Las Vegas Strip in December.

Gaming Control OKs Harrah's recapitalization plan

A recapitalization plan by Harrah’s Entertainment Inc. to open the door eventually to sell public stock has been recommended for approval by the state Gaming Control Board.

Plaza gets Strip stuff at downtown prices

The Plaza Hotel & Casino recently announced that it would be closing its hotel and portions of its casino to make much-needed repairs and renovations to all guestrooms and hallways.

In the business world, one person’s loss is often another’s gain. But in recession-battered Las Vegas, a fortuitous sale is benefiting both parties by helping an investor boost his bottom line while helping another get a leg up on the competition. The Plaza in downtown Las Vegas will get a 21st-century makeover aided by the Fontainebleau, the unfinished Strip resort.

Harrah’s, Wynn Resorts earn top score in annual Equality Index

Harrah’s Entertainment Inc. and Wynn Resorts Ltd. lead the gaming industry rankings in the newest national business report card on supporting lesbian, gay, bisexual and transgender equal rights.

MGM Resorts to train thousands more in diversity

Co-owners Joe Hernandez and Aubrey Branch of Branch-Hernandez and Associates say MGM Resorts gave them a foothold in providing insurance services to Strip resorts.

MGM Resorts International, the largest private employer in the Las Vegas area, is aggressively expanding its diversity initiative as it strives to boost profits in the tourism and convention markets.

Las Vegas Sands upgraded on strength of Singapore

Las Vegas Sands Corp.'s Singapore properties are performing well and a revaluation of the Chinese yuan might help the company, an analyst said Tuesday in removing his sell rating on the stock.

Cosmopolitan to fill thousands of openings with virtual job fair

The Cosmopolitan of Las Vegas debuts its signature marquee featuring full-bleed videos on Aug. 3, 2010.

The Cosmopolitan of Las Vegas is ramping up its hiring process with a virtual job fair today in an effort to fill thousands of open positions at the resort.

Wynn Resorts slips as analyst cuts price target

Shares of Wynn Resorts Ltd. dropped more than 3 percent as an analyst cut the casino operator's price target, citing anticipated weakness in Macau.

MGM Resorts stock up as MGM China seeks IPO

MGM Resorts International is planning an initial public offering of its joint venture in China on the Hong Kong Stock Exchange.

Celebrity/media NFL picks Week 3

Chef Rick Moonen and Carrot Top host a cooking demonstration at Three Square Food Bank to benefit the Grant A Gift Autism Foundation on Sept. 15, 2010.

We've seen players throw jerseys, footballs, and even themselves (Lambeau Leap!) into the crowd during an NFL game – but never a helmet.

Man on Nevada's Black Book arrested at Caesars Palace

A New Jersey man who has been on Nevada’s List of Excluded Persons – the Black Book – since 1994 and on New Jersey’s List of Exclusion since 1989 was arrested in a Las Vegas casino Wednesday morning.