Gaming - VEGAS INC

Key lenders agree to Station Casinos reorganization plan

Station Casinos Inc. of Las Vegas today said certain creditors have agreed to support a plan in which the Fertitta family, Colony Capital and key lenders would control the entire company.

19 April 2010

By Steve Green

MGM Mirage shares drop on earnings news

Shares of MGM Mirage fell Thursday after the casino operator's preliminary estimates indicated that it lost $96.7 million during the first quarter. MGM Mirage's stock dropped 92 cents, or nearly 6 percent, in early trading to $14.49.

15 April 2010

Staff and wire reports

With revenue down, MGM Mirage to report loss

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

MGM Mirage said its first quarter revenue declined, even after the opening of CityCenter, and that it expects to report a loss for the quarter. In disclosing preliminary first quarter results, the Las Vegas-based gaming operator said net revenue is expected to total about $1.46 billion.

14 April 2010

By Steve Green

Retired gaming exec joins MGM Mirage board

Attorney and retired gaming executive Burton Cohen has been elected to the MGM Mirage board of directors.

14 April 2010

By Steve Green

Pro gambler settles Imperial Palace claim for $65,000

CARSON CITY – After a nine-year legal battle, professional gambler James Grosjean will receive a settlement from the state for up to $65,000 on his allegation he was held illegally by two state gaming agents in a Las Vegas casino.

13 April 2010

By Cy Ryan

Harrah's to host job fair in search for 500 workers

Harrah’s Entertainment is looking to hire 500 workers for positions at its Las Vegas casinos. The casino operator announced today that it is looking to fill 125 full-time positions and 375 temporary, on-call or part-time positions.

12 April 2010

By Las Vegas Sun Staff

Las Vegas slot maker to pay $175,000 to settle Arizona probe

The Arizona Department of Gaming today said Las Vegas-based slot machine maker Bally Technologies Inc. has agreed to pay a $175,000 fine to settle an investigation of Bally’s procedures in shipping gaming device software to Arizona Indian casinos.

12 April 2010

By Steve Green

Macau giving fits to Nevada regulators

Casino billionaire Stanley Ho and daughter Pansy Ho attend a groundbreaking ceremony for an MGM Mirage casino in 2005 in Macau.

Renewed concern about the influence of organized crime in Macau, where three Las Vegas-based gaming giants own casinos, has raised questions about the ability of Nevada regulators to monitor or act on what takes place on the other side of the world.

11 April 2010

By Liz Benston

Steve Wynn says he's not interested in Atlantic City

Las Vegas casino mogul Steve Wynn said Friday that he's not interested in Atlantic City's stalled Revel casino project -- or anything else there, either.

9 April 2010

Associated Press

Privé losing its lease at Planet Hollywood

A view inside Prive at Planet Hollywood.

The Privé and Living Room nightclubs at Planet Hollywood resort in Las Vegas could be shut down after they were unable to come to terms on a new lease with Planet Hollywood.

8 April 2010

By Steve Green

Wynn Resorts withdraws from Philadelphia casino project

A rendering of the proposed Wynn casino in Philadelphia that Wynn Resorts submitted to the Pennsylvania Gaming Control Board on April 6, 2010

Wynn Resorts announced today it is pulling out of negotiations and agreements to develop and operate the Foxwoods Casino project in Philadelphia.

8 April 2010

By Amanda Finnegan

Station Casinos asks judge for extension in bankruptcy case

Station Casinos Inc. on Wednesday asked its bankruptcy judge to further extend the period in which Station alone can pursue a plan to reorganize its Las Vegas locals casino empire.

8 April 2010

By Steve Green

Strip casinos post nearly 33 percent gain in February

Recent economic reports are beginning to show small signs of recovery on the Las Vegas Strip.

CARSON CITY – Buoyed by Chinese New Year and the Super Bowl, Las Vegas Strip casinos in February posted their biggest win percentage gain since November 1999. The 41 casinos posted a gross win of $567.8 million, up 32.8 percent compared to the same month in 2009.

8 April 2010

By Cy Ryan

Control Board recommends approval of exec's role at Hard Rock

The check-in lobby is shown at the new HRH tower at the Hard Rock Hotel in Las Vegas Monday, Dec. 28, 2009.

CARSON CITY – The Nevada Gaming Control Board has recommended approval of a New York financier to play a key role in shaping the future of the Hard Rock hotel-casino in Las Vegas.

7 April 2010

By Cy Ryan

Las Vegas Sands to resume work on Pennsylvania hotel tower

Las Vegas Sands announced today that after receiving approval of its table game application and renewal of its slots license at its Pennsylvania property, it will resume work on its 300-room hotel tower.