Gaming

County considers suing over travel Web site room taxes

As other parts of the country win tens of millions of dollars in court judgments against online tourism companies, Clark County commissioners are talking about following suit. At issue is the amount of hotel room taxes paid by online travel sites.

7 November 2009
By Joe Schoenmann

Judge dismisses suits blaming Las Vegas Sands for stock drop

A state judge on Friday dismissed a group of shareholder lawsuits blaming Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson and his fellow board members for the collapse of the gaming company's stock beginning in late 2007.

6 November 2009
By Steve Green

Vegas area adds three resorts to elite AAA list

The Salon Suite at Encore Las Vegas. Encore is one of three Las Vegas hotels to be named to AAA's 2010 Five Diamond list.

Las Vegas is home to three more AAA Five Diamond winners, AAA Travel announced today. Nevada and Florida tied by adding three properties to the list -- more than any other state. The latest additions include The Ritz-Carlton at Lake Las Vegas, Encore Las Vegas and the Palazzo in the hotel category. Nevada now has eight Five Diamond properties, trailing only California and Florida. Other resorts earning the coveted award are repeat winners. The Bellagio has received the award for nine consecutive years while the Skylofts and Wynn Las Vegas both have won for the last four.

6 November 2009
By Amanda Finnegan

Q&A: Blake Sartini

Diverse interests: Blake Sartini, CEO of Golden Gaming, is shown in his office in Las Vegas in June.

Golden Gaming CEO Blake Sartini spent 15 years learning the ropes of the gaming industry at one of the city’s fastest growing companies.

6 November 2009
By Richard N. Velotta

MGM Mirage following Harrah’s lead on marketing conventions

In its last earnings report before the company opens its $8.5 billion CityCenter complex next month, MGM Mirage on Thursday projected an improvement in business next year. Part of this optimism is based on a new sales strategy for filling its hotels.

6 November 2009
By Liz Benston

Former Fontainebleau executive joins Tropicana

A second former Fontainebleau Las Vegas executive is joining the Tropicana Las Vegas, the company announced today.

5 November 2009
By Amanda Finnegan

Fontainebleau subcontractors organize to finish project

Though close to finished, the Fontainebleau may cost another $1.5 billion to complete, on top of $1 billion already owed to lenders.

Several Fontainebleau Las Vegas subcontractors, including two Fortune 500 construction companies, said Thursday they've organized and are stepping up efforts to find financing and gaming partners to complete the project.

5 November 2009
By Steve Green

IGT swings to loss in quarterly earnings

International Game Technology saw its profit swing to a loss during the fourth quarter of 2009, the Reno-based gaming supply company reported today.

5 November 2009
By Amanda Finnegan

Galaxy Gaming reports higher revenue, narrows loss

Galaxy Gaming Inc., a small Las Vegas-based casino industry supplier, today reported higher revenue and that it sold $600,000 in stock through a private equity deal aimed at financing growth.

5 November 2009
By Steve Green

MGM Mirage loses $750M as CityCenter's value drops

A view of MGM Mirage's CityCenter along the Las Vegas Strip.

With its CityCenter resort set to open, MGM Mirage today reported a loss for the third quarter as revenue fell on the Las Vegas Strip -- but also said its results are improving in the fourth quarter. "We continue to show sequential improvement in our operating results over the course of 2009,'' Chairman and Chief Executive Jim Murren said in a statement. MGM Mirage lost $750.4 million, or $1.70 per share in the third quarter vs. a profit in the year-ago quarter of $61.3 million or 22 cents per share.

5 November 2009
By Steve Green

Appeals court sides with Harrah's, Pinnacle in Louisiana case

A federal appeals court has upheld a ruling rejecting claims that two Las Vegas companies conspired to monopolize the Louisiana casino market. The 5th U.S. Court of Appeals last week ruled in favor of Harrah's Operating Co. and Pinnacle Entertainment Inc.

4 November 2009
By Steve Green

Control Board plans special meeting on Aria gaming license

Hopefully, the operator of CityCenter isn’t superstitious when it comes to getting its gaming license.

4 November 2009
By Richard N. Velotta

Ameristar Casinos reports profit increase in quarter

Las Vegas-based casino operator Ameristar Casinos reported relatively unchanged profit during the third quarter despite a drop in the company’s revenue.

4 November 2009
By Amanda Finnegan

Players at poker's Main Event final table bring diversity to big stage

The final nine players who will go on to the final table wait with their chips following the World Series of Poker at the Rio Hotel and Casino in Las Vegas on Wednesday, July 15, 2009.

There’s a logger from western Maryland, the world’s best poker player and a former Wall Street executive. There’s a magazine editor and a kid who just turned 21 years old. There’s also a professional from New York, a professional from South Florida, a professional from England and a professional France. “You put all that together and it’s the best mix I could ask for,” ESPN poker commentator Norman Chad said

4 November 2009
By Case Keefer

Fontainebleau developer plans appeal of rulings

The developer of the stalled Fontainebleau resort on the Las Vegas Strip plans to appeal two key legal rulings in its lawsuit against banks over their decision to stop funding for the bankrupt project.

2 November 2009
By Steve Green
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