Gaming

Station Casinos bondholders renew interest in suing over deal

Bondholders in the Station Casinos Inc. bankruptcy case have renewed their request that they be allowed to sue Station insiders over the 2007 deal that took the Las Vegas company private.

9 July 2010
By Steve Green

Gaming officials say market stagnant

The state Gaming Control Board recommended approval of a slew of new licenses today from an all-star list of Southern Nevada’s biggest casino companies. In the process, regulators checked the pulse of the state’s dominant industry, finding it to be stagnant.

8 July 2010
By Richard N. Velotta

Las Vegas-based Pinnacle sells Argentina operations

Las Vegas-based casino operator Pinnacle Entertainment announced Wednesday that it has completed the sale of its Argentina operations for about $40 million.

7 July 2010
By Amanda Finnegan

Strip casino winnings drop 6.3 percent in May

Las Vegas has been hit hard by the economic slowdown, with fewer visitors spending less money in the city.

CARSON CITY – Gambling winnings on the Las Vegas Strip fell in May by 6.3 percent with Baccarat and sports books taking the biggest hits. The Nevada Gaming Control Board reported today that the 41 casinos on the Strip won $450.1 million before taxes and expenses and it was the second month of a decline after two months of increases in gaming revenue.

7 July 2010
By Cy Ryan

South Point's Michael Gaughan gambles on looser slots

As the sole proprietor of the South Point, Michael Gaughan doesn’t have to consult a board of directors, worry about Wall Street, appease shareholders or hold countless management meetings to accomplish his goals.

6 July 2010
By Liz Benston

Technology allows advertising on idle slot machines

Technology allows advertising on idle slot machines

The gambling areas of casinos have long been advertisers’ Holy Grail. American casinos attracted a record 62 million visitors last year — 28 percent of the U.S. adult population — despite the worst economy for gambling on record, according to the American Gaming Association.

3 July 2010
By Liz Benston

Struggling Reno casino comes up with cash to avoid closure

The struggling Siena Hotel Spa Casino in downtown Reno has cleared the first hurdle to remain open, at least through the busy July 4th holiday weekend. Dennis Neilander, chairman of the Nevada Gaming Control Board, said the resort posted a $230,000 bankroll by a 5 p.m. Friday deadline.

2 July 2010
By Cy Ryan

Holiday forecast in Las Vegas: More visitors spending less

Thousands watched a Fourth of July fireworks display July 4, 2009, at Caesars Palace on the Las Vegas Strip.

With Fourth of July falling on a weekend, Las Vegas tourism officials say they expect a slight uptick in visitors traveling to the valley for the holiday.

2 July 2010
By Amanda Finnegan

New objections filed in Station Casinos bankruptcy case

Platoons of attorneys in the Station Casinos Inc. bankruptcy case have more work to do as new objections are being filed in the Las Vegas company's complex bankruptcy case. Attorneys for Station and its creditors are also preparing for hearings July 15-16.

2 July 2010
By Steve Green

Reno casino given final chance to remain open

In an unprecedented decision, the Nevada Gaming Commission gave a financially troubled Reno hotel-casino slightly more than 24 hours to come up with a $230,000 bankroll to protect its winning customers.

2 July 2010
By Cy Ryan

Boyd Gaming changing player loyalty program

Boyd Gaming announced this week that it is replacing its local Club Coast player loyalty program with a nationwide, multi-property brand.

30 June 2010
By Amanda Finnegan

Cosmopolitan taking reservations for December debut

The 2,995-room Cosmopolitan of Las Vegas will welcome its first guests on Dec. 15, 2010.

The Cosmopolitan of Las Vegas has started taking reservations for its Dec. 15 opening, the resort announced today. The 2,995-room, 50-story resort-casino between the Bellagio and CityCenter is planning a soft opening in December with a grand opening celebration on New Year’s Eve weekend. Prices on opening night start at $300 for a 620-square-foot studio with a 110-square-foot private terrace, and peak at $510.

30 June 2010
By Amanda Finnegan

Back taxes could cost historic Reno casino its gaming license

CARSON CITY – The Siena Hotel Spa & Casino, a landmark in downtown Reno, is facing the possible loss of the gaming license it has held for more than half a century.

30 June 2010
By Cy Ryan

Judge approves Black Gaming bankruptcy plan

The Casablanca in Mesquite was one of three gaming resorts owned by Black Gaming.

Black Gaming’s Chapter 11 bankruptcy reorganization plan was approved today. The reorganization was needed when it was unable to service debt and liabilities of $253.4 million.

28 June 2010
By Steve Green

Analyst predicts more tough times for gaming industry

While Moody's Investors Service says the outlook for the U.S. gaming industry has improved, an analyst is arguing that the industry still faces plenty of challenges.

25 June 2010
By Steve Green
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