Gaming

Golden Nugget sees revenue increase in second quarter

The Golden Nugget kicks off the Fourth of July weekend with a fireworks show Friday in downtown Las Vegas.

Revenue increased for the Golden Nugget hotel-casinos in Las Vegas and Laughlin in the second quarter, their owner reported today.

9 August 2010
By Steve Green

Too many rooms to fill: CityCenter’s opening felt, even as visitor volume grows

Fireworks soar over Aria in December at CityCenter. Gamblers make up about 30 percent of hotel guests, which is a higher percentage than at other company properties, MGM Resorts CEO Jim Murren says.

With more hotel rooms in Las Vegas than bodies to fill them, the evidence is growing that CityCenter is stealing more business from other resorts than it is creating. Many customers are choosing to stay at fancier hotels that have lowered rates.

9 August 2010
By Liz Benston

Fertittas win Station Casinos bankruptcy auction

Texas Station was among 11 casinos that were on the auction block in the Station Casinos bankruptcy case.

A final roadblock may have been removed to permit Station Casinos to emerge from bankruptcy with the founding Fertitta family still at the helm. Paul Aronzon, attorney for Station, said Friday that an agreement has been reached with a second group of unsecured creditors.

6 August 2010
By Cy Ryan

Fertitta family, lenders maintain highest bid for Station Casinos properties

Bankruptcy court filings today confirmed that no one has stepped up to out-bid a group led by the Fertitta family in Friday's auction of certain Station Casinos Inc. properties.

5 August 2010
By Steve Green

IRS urges casinos to report suspicious, big-money players

Casino cage cashiers are among the employees the IRS hopes will heed its request to report suspicious transfers of large amounts of cash.

Several months ago, the Internal Revenue Service agents who investigate financial crimes in Las Vegas began calling big casinos to set up meetings with their employees.

5 August 2010
By Liz Benston

New York-New York wins trademark suit over Internet domain name

The view of New York-New York from one of the penthouse apartments at Veer Towers at CityCenter.

MGM Resorts International has won a trademark infringement lawsuit involving New York-New York, with it winning rights to the domain name newyorknewyork.com.

4 August 2010
By Steve Green

Improvements planned for 3 downtown Las Vegas casinos

The Fremont Street Experience and Plaza Hotel in downtown Las Vegas are shown.

Veteran casino executive Anthony F. Santo, who has gained preliminary approval to run three downtown Las Vegas casinos, said renovations are being planned for the properties.

4 August 2010
By Cy Ryan

Ameristar reports loss in second quarter

Las Vegas-based casino operator Ameristar Casinos swung to a loss during the second quarter of 2010, primarily due to a permanent bridge closure that limited access to its East Chicago property and new competition in the St. Louis market.

4 August 2010
By Amanda Finnegan

Harrah's swings to loss in 2Q, notes market improvements in Las Vegas

Harrah's Entertainment Inc. today reported a second quarter loss and continued sluggish business conditions on the Las Vegas Strip, but CEO Gary Loveman said business may be stabilizing after two years of revenue declines.

4 August 2010
By Steve Green

Cosmopolitan resort-casino unveils Strip marquee

CEO John Unwin waves to spectators on the CityCenter bridge from atop the Cosmopolitan of Las Vegas marquee.

Las Vegas’ neon highway became a bit brighter Tuesday as the Strip welcomed its newest marquee. Cosmopolitan of Las Vegas Chief Executive John Unwin flicked the switch for the Cosmopolitan’s 65-foot marquee at a media event Tuesday afternoon. Comprised of four LED screens, the marquee took more than six months to build.

3 August 2010
By Amanda Finnegan

Boyd Gaming's profit tumbles in second quarter

Las Vegas-based Boyd Gaming, which operates three downtown Las Vegas properties and four locals resorts in Southern Nevada, said its earnings and revenue fell in the second quarter as customers spent less because of economic worries.

3 August 2010
By Richard N. Velotta

MGM Resorts loses $883.5 million in second quarter

The sweeping forms of Aria are visible from a two-bedroom apartment at Veer Towers at CityCenter.

Casino operator MGM Resorts International said Tuesday its second-quarter loss widened as it absorbed a $1.12 billion writedown on its investment in CityCenter in Las Vegas.

3 August 2010
By Steve Green

Complaint filed over race bets at two casinos

A complaint has been filed by the state Gaming Control Board against a company that briefly accepted horse race bets without a license at two casinos in Clark County. The control board is asking that a fine be imposed on Brandywine Bookmaking LLC of Las Vegas.

2 August 2010
By Cy Ryan

Nevada gaming companies see potential flush online

The race for Internet gambling riches may have turned in favor of Nevada-based casino operators that own some of the best-known brands in the business.

2 August 2010
By Liz Benston

Boyd drops out of Station Casino auction

Boyd Gaming has abandoned efforts to acquire Station Casinos assets that will be auctioned next week, saying it would be pointless to pursue any of the 11 Station properties because Station insiders would have an advantage in the bid process.

30 July 2010
By Richard N. Velotta
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