The owner of the 696-room Hooters hotel-casino in Las Vegas reported another quarterly loss Friday, even after slashing expenses. Revenue of $10.729 million was down from $14.211 million as the recession deterred visitation to Las Vegas.
13 November 2009
By Steve Green
FortuNet Inc., a Las Vegas company supplying electronic bingo systems around the nation, has reported a loss for the third quarter ended Sept. 30.
13 November 2009
By Steve Green
MGM Mirage’s CityCenter cleared a major hurdle today as the state Gaming Control Board unanimously recommended licensing of the $8.5 billion development.
13 November 2009
By Richard N. Velotta
While recent statistics suggest the drop in U.S. gaming revenue caused by the recession continues to ease, it's still too early to say gaming revenue has hit bottom, Moody's said in a report Friday.
13 November 2009
By Steve Green
American Casino & Entertainment Properties, owner of the Stratosphere, reported a net loss today of $1.8 million during the third quarter of 2009, which improved from a net loss of $8 million in the same period of 2008.
13 November 2009
By Amanda Finnegan
Nevada will face competition for race and sports books, a state gaming regulator predicts.
13 November 2009
By Richard N. Velotta
A growing Australian slot machine manufacturer, hoping to make Las Vegas a base of operations for its North American distribution, cleared an important hurdle Nov. 4 when the state Gaming Control Board recommended a license and its registration as a public company.
13 November 2009
By Richard N. Velotta
The executive director of UNLV’s International Gaming Institute is a woman who has worn many hats in her three-decade gaming industry career.
13 November 2009
By Richard N. Velotta
Station Casinos Inc. of Las Vegas is asking its bankruptcy judge to reject efforts by competitor Boyd Gaming Corp. that Boyd have a look at Station's detailed financial information. On Nov. 1, Boyd filed court papers supporting a motion by a minority group of lenders that an examiner be appointed to study Station's finances.
12 November 2009
By Steve Green
Gaming Partners International Corp. of Las Vegas, which makes casino currency and table game equipment, today announced a loss as it wrote down the value of assets to reflect the recession's affect on its business.
12 November 2009
By Las Vegas Sun Staff
Regardless of whether he quit or was fired, former Pinnacle Entertainment Inc. Chairman and Chief Executive Officer Dan Lee is set to receive $2.8 million in cash severance payments over three years.
12 November 2009
By Steve Green
Additional Station Casinos Inc. lenders have weighed in on the Las Vegas company's request that it be allowed an extra four months to exclusively propose a plan of reorganization. In U.S. Bankruptcy Court filings Tuesday, lenders holding a mortgage against four of the company's most valuable properties said they are fine with the extension -- as long as Station doesn't try to cancel a lease covering those four properties.
12 November 2009
By Steve Green
A Web site owner on Wednesday denied allegations in a lawsuit that his www.newyorknewyork.com Internet site was infringing on the trademarks of the New York-New York hotel-casino in Las Vegas.
11 November 2009
By Steve Green
With social media taking hold as a valuable marketing tool around the globe, Las Vegas tourism businesses are developing techniques to ensure they aren’t left behind.
11 November 2009
By Amanda Finnegan
Las Vegas Sands Corp. is accelerating activity in Macau, launching its initial public offering road show for investors and planning to resume construction on a stalled project there within months, reports said today.
11 November 2009
By Las Vegas Sun Staff
