Gaming

Why not go to single-zero roulette?

Dear Mr. Sun: Why is it that casinos in Monte Carlo and all over Europe make enough money with single-zero roulette while U.S. casinos, including Las Vegas casinos, use double-zero, doubling their odds?

22 January 2010
Mr. Sun

Gaming supplier IGT reports profit increase in quarter

International Game Technology saw its profit increase by more than 16 percent during the first quarter of 2010, the Reno-based gaming manufacturer reported today.

21 January 2010
By Amanda Finnegan

Carl Icahn group gets licensing to run 3 Nevada casinos

The Nevada Gaming Commission today approved the licensing of Carl Icahn’s Tropicana Entertainment LLC to control three Nevada properties and position the company to oversee nine casinos in four states.

21 January 2010
By Richard N. Velotta

MGM Mirage sues 6 in China over Web domain names

MGM Mirage on Wednesday sued six individuals in China, charging they're operating a Web site that infringes on the trademarks of its MGM Grand hotels and casinos in the United States and China. A lawsuit filed in U.S. District Court in Las Vegas says the defendants have registered Internet Web site names that include the phrase "MGM" and that link to an online gambling Web site.

21 January 2010
By Steve Green

Stratosphere owner makes changes to board of directors

A member of American Casinos & Entertainment Properties' board of managers has resigned after less than a month on the job, according to a filing today with the Securities and Exchange Commission.

20 January 2010
By Amanda Finnegan

Bally Technologies acquires Arizona-based gaming supplier

Bally Technologies has acquired employees from Arizona-based Games4You, a supplier of gaming and engineering technologies, the company announced today.

20 January 2010
By Amanda Finnegan

Carl Icahn to take ownership of Fontainebleau Las Vegas resort

The Fontainebleau, construction stopped, is seen along with its marshalling yard on the Strip.

Carl Icahn is expected to take over ownership of the bankrupt Fontainebleau Las Vegas resort after two potential competitors vying to buy the property failed to submit qualifying bids as of a 5 p.m. deadline Friday.

19 January 2010
By Liz Benston

California management deal for Station Casinos to end in June

Station Casinos will end its management of the Thunder Valley casino near Sacramento beginning this summer.

Station Casinos Inc. of Las Vegas will no longer manage the Thunder Valley casino near Sacramento after Station’s management agreement expires in June. Station spokeswoman Lori Nelson today said the United Auburn Indian Community’s decision to manage its property on its own was not unexpected.

19 January 2010
By Steve Green

IGT chief executive netted $1.7 million last year

International Game Technology President and Chief Executive Patti Hart brought home more than $1.7 million in compensation for the 2009 fiscal year, according to a Las Vegas Sun calculation from a filing today with the Securities and Exchange Commission.

19 January 2010
By Amanda Finnegan

Caesars Palace plays hardball with dealers, asserts right to tips

Supporters of a contract for Caesars Palace casino dealers rally outside the resort in September. Dealers, who voted to unionize in December 2007, and management have been unable to agree on a contract.

Two years after casino dealers at Caesars Palace voted for union representation, they still don’t have a labor contract and relations with management have gone from bad to worse. Both sides filed complaints with the National Labor Relations Board in late December.

18 January 2010
By Liz Benston

Leaders get call to diversify economy

In trying to hash out the lessons learned from the collapse of the economy, 70 of Southern Nevada’s business leaders, academics and politicians returned to a suggestion that has been around for years: Diversify the local economy.

18 January 2010
By Buck Wargo

Baccarat making a big difference

In this 2010 photo, a baccarat game is shown in the high-limit room at Hard Rock Hotel.

An exclusive class of customer deserves a good deal of credit for the Strip’s first increase in reported gambling revenue since 2007 - high rollers who play a game that most Americans don’t pronounce correctly. Baccarat, the high-stakes card game favored by James Bond, accounted for nearly 20 percent of the Strip’s gambling revenue in November, the Gaming Control Board announced last week. Strip casinos reaped $92.7 million from baccarat players that month - a 136 percent increase from a year ago.

17 January 2010
By Liz Benston

Will a big wager on Fontainebleau pay off?

The stalled Fontainebleau project is seen Jan. 15, 2010.

In years past, casino bankruptcy auctions generated a frenzy of activity, with multiple bidders emerging at the last minute with the promise of cash at the other end of a cell phone. Those with little money or credibility would quickly drop out, leaving a few usual suspects vying for a shot at a bargain buy. There may be no such party for the bankrupt, unfinished Fontainebleau Las Vegas resort that is sought by billionaire investor Carl Icahn.

16 January 2010
By Liz Benston

Las Vegas sports bettor runs through Hilton contest again

Steve Fezzik, left, receives his $196,800 check from Las Vegas Hilton sports book executive director Jay Kornegay after winning the 2009 Supercontest.

Jay Kornegay can't even imagine the odds. Funny, because as the Las Vegas Hilton sports book's executive director, Kornegay spends every day dealing with numbers. But he thought it would be nearly impossible for anyone to win the Supercontest, the Hilton's annual football handicapping contest, two years in a row.

16 January 2010
By Case Keefer

Harrah's to take over Planet Hollywood management

The Planet Hollywood resort on the Las Vegas Strip.

Harrah's Entertainment will take over the management of the Planet Hollywood resort on the Las Vegas Strip at midnight tomorrow as part of the company's longer-range plan to buy the property, Harrah's announced today. In an internal memo to employees today, Planet Hollywood owner Robert Earl said things would be "business as usual" during the transition.

15 January 2010
By Liz Benston
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