Gaming

Complaint filed against Treasure Island over treatment of gambler

A complaint has been filed by the state Gaming Control Board accusing the Treasure Island of violating regulations in a dispute with a mini baccarat player in November 2009.

22 July 2010
By Cy Ryan

With high debt load, Moody's report questions Harrah's strategy

Casino giant Harrah's Entertainment Inc. has forged ahead during the recession with a growth strategy despite losing billions of dollars and carrying a hefty debt load of $22 billion.

22 July 2010
By Steve Green

Shareholders file another lawsuit against Las Vegas Sands Corp.

Another shareholder lawsuit was filed Wednesday in federal court in Las Vegas accusing Las Vegas Sands Corp. of securities law violations. This is the second such suit seeking class-action status against Las Vegas Sands to be filed in that court since May 24.

22 July 2010
By Steve Green

Officials: Scam bilked sports bettors for nearly $1 million

Federal prosecutors today filed fraud and money laundering charges against a man who allegedly used a bogus sports betting scam to bilk investors for nearly $1 million.

21 July 2010
By Liz Benston

Wynn, Encore 2Q operating loss widens to $17.2M

The first second quarter financial results for the Las Vegas Strip are out and they show continued downward pressure on room rates.

21 July 2010
By Steve Green

Advocacy group says it's OK for casinos to market to gambling addicts

t’s all right for casinos to market to customers with addictive gambling behavior as long as they focus on the property’s amenities and don’t push playing slot machines and table games, according to the Nevada Council on Problem Gambling.

21 July 2010
By Richard N. Velotta

Retirees, with nest eggs crushed, can’t muster Strip rebound

Fireworks explode over the Aria hotel-casino during the official opening Wednesday, Dec. 16, 2009.

Strip gaming revenue is struggling to recover despite several indications that the nation’s economic picture has improved somewhat from a year ago.

19 July 2010
By Liz Benston

Some Veer owners uncomfortable with policy of renting their units

A view of one of the finished studios in Veer Towers at CityCenter.

Potential buyers of condominiums in CityCenter’s Veer towers are having mixed reactions about the prospect of being allowed to rent out their units for a minimum of six months.

16 July 2010
By Liz Benston

Station Casinos hints at settlement with bondholders

An attorney for Station Casinos has revealed that settlement talks are under way with bondholders who are owed $2.5 billion by the company, which is in bankruptcy reorganization.

15 July 2010
By Cy Ryan

Starwood Capital involved in takeover of bankrupt Riviera

A view of the Riviera on the Las Vegas Strip on Dec. 26, 2007.

Deep-pocketed Starwood Capital Group is participating in the takeover of the Riviera hotel-casino on the Las Vegas Strip, an attorney confirmed Tuesday.

13 July 2010
By Steve Green

Online gambling is illegal, but betting sites' logos often in Nevada casinos

Many poker players such as Mike Beasley, shown at a July 7 World Series of Poker event, sport logos of Internet gaming sites.

Black-market online gambling companies have a considerable presence on the stage that is Las Vegas. Those who watched the start of the World Series of Poker main event were just as likely to see logos for online gambling companies as the tournament’s poker chip icon.

13 July 2010
By Liz Benston

Riviera files for Chapter 11 bankruptcy reorganization

A view of the Riviera on the Las Vegas Strip on Dec. 26, 2007.

Riviera Holdings Corp., owner of casinos in Las Vegas and Colorado, filed for Chapter 11 bankruptcy reorganization Monday -- the latest in a series of gaming industry bankruptcies.

12 July 2010
By Steve Green

Official: Casinos can split dealers' tips with supervisors

Steve Wynn’s controversial policy of splitting casino dealers’ tips with their immediate supervisors doesn’t violate state law, according to a ruling issued today by Nevada’s Labor Commissioner.

12 July 2010
By Liz Benston

South Point expansion to include more slots, restaurants

Construction of the South Point, originally called the South Coast, began in 2003. The casino was built, in part, to serve the fast-growing Enterprise area.

The South Point Hotel, Casino & Spa in Las Vegas today announced a 55,000-square-foot expansion of its casino, with the first phase opening Friday. The first phase includes 600 slot, video poker and video keno machines, a newly designed 175-seat race book, a new poker room and an entertainment area.

12 July 2010
By Steve Green

Online poker law in effect, but players still manage to bet

A woman who wants to remain anonymous plays poker online.

It’s another sweltering afternoon in Las Vegas, and a 33-year-old woman is sitting in front of her home computer wearing pink fuzzy slippers as she breaks federal law yet again.

11 July 2010
By Liz Benston
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