Gaming

Wynn's impetus for considering moving headquarters to Macau

The newest resort Wynn Encore Macau, right, stands next to the Wynn Macau, left in center, in Macau Wednesday, April 21, 2010.

For some industry observers, Steve Wynn’s talk of moving his corporate headquarters to Macau is a logical reflection of his casino there generating 65 percent of Wynn Resorts’ revenue.

1 May 2010
By Liz Benston

Mandalay Bay wants Rumjungle bankruptcy filing dismissed

The Mandalay Bay resort-casino wants a judge to dismiss a bankruptcy filing by the Rumjungle nightclub (shown at right).

Attorneys for Mandalay Bay are asking the U.S. Bankruptcy Court to dismiss the bankruptcy filing by the Rumjungle nightclub there, saying it was filed in bad faith and is a misuse of the bankruptcy process.

30 April 2010
By Steve Green

Loveman: Gaming suffering a hangover

Gary Loveman, CEO of Harrah's Entertainment, told the Financial Executives International at Caesars Palace on Monday what to expect for the gaming industry.

The gaming industry is suffering the effects of a massive hangover brought on by the excesses of success in the 1990s and early 2000s, Harrah’s Entertainment’s top executive told 700 financial executives.

30 April 2010
By Richard N. Velotta

Bally Technologies reports drop in quarterly profit

Gaming equipment supplier Bally Technologies Inc. of Las Vegas today said its revenue and profit fell during the last quarter.

29 April 2010
By Steve Green

Wynn Resorts sees profit in first quarter

The Encore is shown to the left of the Wynn Las Vegas on the Strip.

Wynn Resorts swung to a profit during the first quarter of 2010 as revenue increased in Las Vegas and Macau. The Las Vegas-based casino reported net income of $27 million, or 22 cents per share, in the first quarter of 2010 compared to a net loss of $33.8 million, or 30 cents per share, in the same period of 2009.

29 April 2010
By Amanda Finnegan

Station Casinos: No competitive advantage under bankruptcy plan

Attorneys for Station Casinos and its key lenders are defending the company's bankruptcy reorganization plan, saying a group of five hotel-casinos won't be at a competitive advantage to 13 more properties should the other 13 be picked up by another buyer.

29 April 2010
By Steve Green

At $40,000, Caesars Palace pool villas among Strip’s latest luxuries

A look at the entryway of the Greek villa at Caesars Palace's Octavius Tower. The villa is one of three in the Octavius Tower and is nearly 10,000 square feet.

A library with dark, wood-paneled walls and a bookcase filled with leather-bound books sits adjacent to a regal living room at Caesars Palace’s Octavius Tower. You’d almost forget you were in Las Vegas if not for the tanning pool patrons outside the window.

29 April 2010
By Amanda Finnegan

Longtime state senator named to Gaming Commission

CARSON CITY – Sen. Randolph Townsend, a 27-year member of the Nevada Legislature, has been named to the five-member Nevada Gaming Commission, which makes final decisions on casino matters.

28 April 2010
By Cy Ryan

Station Casinos: Boyd Gaming meddling in bankruptcy case

Station Casinos Inc. and competitor Boyd Gaming Corp. traded charges against each other this week in Station's bankruptcy case as Station presses forward with its plan.

28 April 2010
By Steve Green

Pay for pre-shift meetings spurs suit against Harrah’s

Harrah's Entertainment properties in Las Vegas are Planet Hollywood, foreground, Paris, shown in the background, as well as Bally's, Bill's, Flamingo, O'Sheas, Imperial Palace, Caesars Palace, Rio and Harrah's.

A federal lawsuit filed Tuesday is the latest in a series of class-action pay claims filed by Nevada workers. The suit alleges Harrah’s Entertainment requires workers to arrive 10 to 15 minutes before their shifts start but doesn’t pay them for the extra time.

28 April 2010
By Liz Benston

Harrah's reports loss as recession takes toll

Harrah's Entertainment Inc. today reported a first quarter loss on lower revenue as the recession continued to reduce spending at its big Las Vegas Strip resorts.

27 April 2010
By Steve Green

No gambling required: Harrah's widens rewards program

No gambling required: Harrah's widens rewards program

When Laura Sides and her husband visit Las Vegas, he gambles while she spends money on pedicures, massages and shopping. “My husband doesn’t do any of that stuff,” says Sides as she strolls out of Caesars Palace’s Qua spa with freshly painted toenails.

27 April 2010
By Liz Benston

Judge delays ruling on Station Casinos wage lawsuit

RENO – U.S. Bankruptcy Judge Gregg Zive has put a decision on hold in a lawsuit by thousands of current and former Station Casinos employees who say they were shortchanged in their pay.

26 April 2010
By Cy Ryan

Shuffle Master looking for new CEO after health issues worsen

Las Vegas-based casino supplier Shuffle Master Inc. today said it's searching for a new CEO because, based on his medical condition, Timothy J. Parrott, "shall no longer serve as the company’s CEO or as a member of its board of directors.''

26 April 2010
By Las Vegas Sun Staff

Las Vegas Sands CEO Sheldon Adelson made $3.73 million in 2009

Las Vegas Sands Chairman and Chief Executive Sheldon Adelson received a compensation package of $3.73 million in 2009, according to a Sun analysis of a Securities and Exchange Commission filing made Friday.

23 April 2010
By Amanda Finnegan
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