Gaming

Regulators cautious on systems-based slots regulations

Gaming regulators are taking a cautious approach toward amending regulations on systems-based slot machines.

11 September 2009
By Richard N. Velotta

Winners begin to emerge in fight for Station assets

Lenders with security in less profitable Station properties such as the Wild Wild West fear getting the short end of the stick when assets are distributed.

Capitalizing on super-low interest rates and a frenzy for Las Vegas real estate, Station Casinos went private in 2007 by accumulating more than $5 billion in debt. It wasn’t a simple process.

11 September 2009
By Liz Benston

Herbst's bankruptcy plan draws ire of creditors, lenders

The Herbst Gaming casinos in Primm are visible from the roller coaster at Buffalo Bill's.

Herbst Gaming Inc.'s plan to emerge from bankruptcy is facing stiff resistance from key creditors and lenders owed hundreds of millions of dollars. Herbst is pressing forward with a proposal to emerge from bankruptcy.

10 September 2009
By Steve Green

Decline in Las Vegas visitor numbers eases in July

A downward trend in the number of visitors to Las Vegas showed signs of easing in July. The number of visitors to Las Vegas in July dropped 1.3 percent compared to July 2008, while total occupied room nights held steady.

10 September 2009
By Tim Richardson

Police: Planet Hollywood supervisors netted $2,201 in scam

The four Las Vegas Strip resort casino supervisors and managers who were charged in an alleged plot to take phony jackpot payoffs netted a total of $2,201 in two days, according to police reports. Nevada State Gaming Control Board agents arrested the four men at Planet Hollywood after months of investigation and a tip from another employee who became suspicious, said David Salas, deputy enforcement officer for the board. The investigation is continuing, Salas said.

10 September 2009
By Mary Manning

Strip gaming revenue falls for 19th month

CARSON CITY – Gaming revenue on the Strip fell by 11.1 percent in July, continuing a 19-month stretch of declines in the resort corridor that accounts for more than 50 percent of the state’s gaming business.

10 September 2009
By Cy Ryan

Gaming analysts: Industry’s recovery could lag economy

Analysts with Moody's Investors Service said Wednesday that the gaming industry's recovery could lag that of the economy as a whole.

A recovery for the gaming industry remains uncertain, even if the national economy improves, an international financial research company said Wednesday. Moody’s Investors Service said its rating for the U.S. gaming industry remains negative as analysts have watched monthly gaming revenues slide.

9 September 2009
By Amanda Finnegan

Shuffle Master sees higher profit on cost-cutting

Shuffle Master saw its cost-cutting efforts pay off as the company today reported an 87 percent increase in profits for the third quarter.

9 September 2009
By Amanda Finnegan

Regulators expand probe at Hard Rock's Rehab pool

State gaming regulators are expanding their investigation at the Hard Rock Hotel and Casino's Rehab pool after Metro Police arrested eight people Monday on drug and prostitution charges during an undercover operation.

9 September 2009
By Mary Manning

Planet Hollywood poker scam nets arrests of four supervisors

Four Las Vegas Strip resort casino supervisors and managers have been charged in an alleged plot to take phony jackpot payoffs. Nevada State Gaming Control Board investigators uncovered the deal at Planet Hollywood after months of investigation.

9 September 2009
By Mary Manning

New owner plans 'high-end boutique resort' for St. Tropez

The Siegel Group Nevada Inc. on Tuesday announced it completed its acquisition of the closed St. Tropez, a 150-suite hotel in Las Vegas on Harmon Avenue across from the Hard Rock hotel-casino. Siegel plans to reopen the property within a month.

9 September 2009
By Las Vegas Sun Staff

Las Vegas Sands completes $600 million financing

Las Vegas Sands announced today that it has closed and funded its $600 million bond public offering.

8 September 2009
Staff and wire services

Harrah's to use new offering to pay down debt

Harrah's Entertainment announced today it plans to offer $720 million in a private offering of new eight-year notes as the gaming company looks to decrease its debt load.

8 September 2009
By Las Vegas Sun Staff

Harrah’s seeks more guests from abroad

To plan its Garden of the Gods pool area, which opened last week at Caesars Palace, designers for Harrah’s Entertainment plotted the precise movement of the sun to create enough shade to satisfy customers, particularly from Asia, who prefer not to tan.

7 September 2009
By Liz Benston

Security officers sue Tropicana over alleged unpaid wages

The Tropicana hotel-casino in Las Vegas faces a lawsuit claiming its security officers have not been paid required overtime wages.

4 September 2009
By Steve Green
« Older Newer »