Gaming

Station Casinos swings to loss in second quarter

With unemployment in the Las Vegas area running at 12.3 percent in June, locals are spending less and Station Casinos Inc. appeared to be hit hard by that trend in the second quarter ended June 30.

Planet Hollywood reports worsening finances in quarter

The owner of the 2,519-room Planet Hollywood resort on the Las Vegas Strip today said its financial position is deteriorating and that it may have trouble meeting its loan commitments.

Prive withdraws appeal of liquor license denial

Just days before Privé’s scheduled Aug. 18 appearance before the County Commission, representatives withdrew their appeals of the club’s liquor license denial on Thursday.

Black Gaming warns again of possible bankruptcy

With business down about 22 percent, Black Gaming LLC warned again today that it's in default on its loans and may be headed for bankruptcy protection. The Las Vegas company said in a regulatory filing that for the quarter ended June 30, it lost $4.829 million on revenue of $27.3 million.

Court reinstates IGT whistleblower suit

A federal appeals court has reinstated a whistleblower suit against International Game Technology filed by a couple who claimed they were fired for reporting alleged fraud in a company merger.

Third time a charm for Privé's liquor license?

What can be accomplished in two weeks that cannot be accomplished in one? That was the question on deck immediately after it was announced on Aug. 4 that Privé’s appeal of the July 23 denial of a permanent liquor license would be postponed until Aug. 18. In a statement issued that morning, Clark County Director of Communication Erik Pappa said, "The owners of Privé and Living Room, along with their legal counsel, requested early this morning a hold of numbers 75 and 76 on this morning's County Commission agenda for two weeks due to new developments, which include continuing reorganization."

Hilton's earnings tumble in second quarter

The decline in visitation to Las Vegas this spring hurt business at the Las Vegas Hilton, which sustained a loss for the second quarter ended June 30. Revenue declined from $75.5 million to $45.2 million.

Sands reworks credit deal to allow Macau sale

Las Vegas Sands Corp. today said it reworked a credit agreement in a way that would let it sell a minority interest in its Macau operations to raise cash. Sands stock rose $1.44, or 11.7 percent, to $13.73 following the news.

Casino supplier reports increase in profit

Bally Technologies Inc. of Las Vegas, a big supplier of casino games and systems, today said its profit for the June quarter improved even as casinos purchased fewer slot machines because of the recession.

Boyd Gaming elects St. Jude's CEO to company board

Boyd Gaming Corp. of Las Vegas announced today that Christine J. Spadafor has been elected to the company's board of directors.

Use of 'Tropicana' name at issue in lawsuit

The dispute over use of the "Tropicana" name by the Tropicana hotel-casino in Las Vegas is heating up, with the property's former parent company filing a counterclaim to the Las Vegas hotel's lawsuit. The Las Vegas Tropicana, having emerged as a standalone company from Tropicana Entertainment LLC's bankruptcy, last month sued Tropicana Entertainment in Clark County District Court and filed motions in the bankruptcy case asserting its rights to use the Tropicana name.

Full House reports profit growth for second quarter

Full House Resorts Inc. of Las Vegas, which last week opened a big Indian casino in Michigan, on Monday reported its profit for the second quarter improved even as revenue declined.

Gaming Partners International top officer retiring

Casino industry supplier Gaming Partners International Corp. of Las Vegas today said President and Chief Executive Officer Gerard Charlier is retiring Sept. 12, but will remain on the company's board of directors.

Las Vegas tourism numbers continue fall

Visitor volume in Las Vegas continued to fall in June, according to the Las Vegas Convention and Visitors Authority. In June, 2,980,122 visitors stayed in Las Vegas, a drop of 6.3 percent from the same month in 2008, with 3,179,472 visitors.

Recession hits Riviera hard in second quarter

The Las Vegas Strip's Riviera hotel-casino was hit hard by the recession in the second quarter, with casino and room revenue declining, parent company Riviera Holdings Corp. reported Monday.