The owner of the Rumjungle nightclub at Mandalay Bay resort in Las Vegas filed for Chapter 11 bankruptcy reorganization Tuesday, saying it needs court protection to prevent Mandalay Bay from shutting it down.
17 March 2010
By Steve Green
Asian casino operator Genting Malaysia Bhd. today said it invested again in Las Vegas-based MGM Mirage by buying $18 million of notes -- part of an $845 million debt issuance by MGM Mirage.
17 March 2010
By Steve Green
While the recession has slot players tightening their spending habits, Nevada casinos appear to be loosening up. From 1995 through 2008, the percentage of wagers kept by Nevada slot machines crept up while the percentage paid out to players declined.
16 March 2010
By Liz Benston
The Hard Rock Hotel and Casino said it narrowed its losses by about 34 percent last year, according to a filing today with the Securities and Exchange Commission.
15 March 2010
By Amanda Finnegan
Pinnacle Entertainment Inc. of Las Vegas said Monday that it named former Multimedia Games Inc. executive Anthony M. Sanfilippo as CEO and president.
15 March 2010
Staff and wire reports
Although the United States has lost millions of manufacturing jobs, Nevada has remained the global leader in a manufacturing niche — gambling equipment. More than half of the global gaming supplier industry is in Nevada.
14 March 2010
By Liz Benston
In an industry that seduces customers with gimmicks, perhaps no slot machine had ever been launched with such high expectations.
14 March 2010
By Liz Benston
MGM Mirage today disclosed that disputes have emerged involving hundreds of millions of dollars between its CityCenter joint venture and the $8.5 billion project's primary general contractor. Perini Building Co. on Thursday delivered a notice of its intent to file mechanics’ liens totaling about $492 million against CityCenter.
12 March 2010
By Steve Green
MGM Mirage today said it entered into a settlement agreement with the New Jersey Division of Gaming Enforcement under which it will sell its 50 percent stake in the Borgata and related leased land in Atlantic City.
12 March 2010
By Steve Green
Harrah’s has sued Nevada, seeking the refund of $10 million in taxes the gaming giant paid on four corporate jets. The legal action is the latest in a series of attempts by large Nevada corporations to take back hundreds of millions of dollars in taxes paid to the state.
12 March 2010
By David McGrath Schwartz
Las Vegas-based MGM Mirage has once again landed on an important national list of the nation’s top companies for diversity. The casino-resort operator is the only Nevada-based company and the only gaming company on DiversityInc’s 2010 Top 50 Companies For Diversity list issued Wednesday.
11 March 2010
By Steve Green
The Clark County Coroner’s Office ruled that Las Vegas Hard Rock Hotel and Casino President Randy Kwasniewski died Tuesday of a single self-inflicted gunshot wound to the head.
10 March 2010
By Las Vegas Sun Staff
Gaming revenues dropped 3.2 percent in January compared to the same month a year ago, a figure that was better than expected. Nevada casinos reported a gaming win of $883 million in January, with casinos on the Las Vegas Strip down 3 percent.
10 March 2010
By David McGrath Schwartz
The recession has slashed casino profits and taxes, and it has made the job of regulating Nevada’s casino industry tougher. So legislators said they worried about how budget cuts would affect Nevada’s reputation for casino regulation.
10 March 2010
By Liz Benston
Former gaming regulator Bill Bible is resigning immediately as president of the Nevada Resort Association so he can become a board member of MGM Mirage.
9 March 2010
By Steve Green
