Gaming

Strip gaming win at lowest level in four years

Gaming Control Board numbers released today show the Strip's gaming win fell for the 18th straight month.

The gross win in the 41 casinos on the Las Vegas Strip plummeted 14.7 percent in June, the 18th straight month of a decline. The state Gaming Control Board reported today that the Strip clubs won $5.6 billion in the last fiscal year that ended June 30th. That’s the lowest win in the last four years.

11 August 2009
By Cy Ryan

Filing shows Binion's owner delinquent on rental payments

MTR Gaming Group Inc. has disclosed that it faces up to $1.1 million in rental costs for Binion's hotel-casino in Las Vegas because Binion's new owner is delinquent on rental payments to two landlords.

11 August 2009
By Steve Green

Bally's to reopen sports book Aug. 26

The sports book at Bally's hotel-casino is opening later this month after temporarily closing its doors earlier this year.

10 August 2009
By Las Vegas Sun Staff

Hard Rock hotel weakness weighs on earnings

Second-quarter results weakened at the Hard Rock hotel-casino in Las Vegas, one of the property's joint-venture partners reported Monday. The hotel's average daily room rate tumbled from $217.34 to $165.14 while revenue per available room declined from $204.95 to $152.42.

10 August 2009
By Steve Green

John Civitello, Food & Beverage Director at El Cortez

John Civitello, El Cortez's food and beverage director, says business is down at his steakhouse but up at the much-less-expensive cafe.

While many casinos have turned restaurants into profit centers, El Cortez has maintained a Las Vegas tradition of serving food at a loss.

10 August 2009
By Liz Benston

Former Prive workers blast handling of tips

The Prive nightclub at Planet Hollywood.

Former employees of the beleaguered Prive nightclub have spilled juicy stories of how management condoned drug use, allowed pimps into the club and entertained VIPs with drugs and strippers in a backroom called “Table 69.” One major reason why they’re talking: They’re unhappy with how the club handles the distribution of workers’ tips. Tips are a sensitive subject on the Strip: Witness the dispute between dealers and Wynn Las Vegas over the casino’s decision to have dealers share tips with their immediate supervisors.

10 August 2009
By Liz Benston

Making sense of gaming's big crash

Making sense of gaming's big crash

Imagine that you’re a retired gaming executive and you’re watching the industry crash all around you, in the biggest recession in the modern casino era. You take a deep breath, counting your lucky stars you’re retired but wondering: What could I have done differently? What would I do now? The Sun invited three former casino executives to sit down for a Sunday Conversation, to candidly reflect, with the benefit of 20-20 hindsight, about the gaming industry — then, now and in the future.

9 August 2009
By Liz Benston

Fontainebleau builder agrees to six-month license suspension

Fontainebleau Resort on the north end of the Las Vegas Strip is shown under construction.

Fontainebleau Las Vegas resort builder Turnberry West Construction Inc. has settled a complaint filed by the Nevada State Contractors Board by agreeing to a six-month suspension of its license. The settlement, approved by the Contractors Board July 23, relates to a subcontractors' claim that it's owed millions of dollars for work on the casino-resort project on Las Vegas Boulevard. Work on the $2.9 billion project, which was 70 percent complete, was halted in June when Fontainebleau filed for bankruptcy reorganization after major banks halted funding.

7 August 2009
By Steve Green

Down the road, competition for M Resort?

This map from the City of Henderson Public Works Department shows the area the city aims to annex and zone for a casino-resort. Outlined in blue is the existing boundary for the City of Henderson. The red dashed line is the area it wants to annex.

A minority investor in the M Resort has asked the city of Henderson to annex 33 acres across the street from the M Resort and zone it for a future casino-resort — including 10 acres that Clark County has targeted for a possible affordable housing project.

7 August 2009
By Jeremy Twitchell

Tropicana shows off new logo tied to redesign

Tropicana Las Vegas unveiled a new logo Thursday in an effort to revamp the property.

After more than two decades, the Tropicana Las Vegas logo is getting a new look.

6 August 2009
By Amanda Finnegan

Mirage sues Denver Broncos player over alleged debts

Denver Broncos player LaMont Jordan was sued by the Mirage hotel-casino in Las Vegas Thursday over allegations Jordan owes the casino $20,000 in gambling debts.

6 August 2009
By Steve Green

Gaming execs: Despite reports, hackers didn't touch ATMs

Gaming executives Wednesday disputed reports that hackers in town for the annual DEFCON conference over the weekend perpetrated frauds involving casino ATM machines. One Internet headline proclaimed: "Hacker exposes hacked Las Vegas ATM at DEFCON"

5 August 2009
By Steve Green

Vegas gaming supplier to acquire Sparks company

Gaming industry supplier Global Cash Access Holdings Inc. of Las Vegas announced a deal Tuesday to acquire Western Money Systems, a company based in Sparks, for $15 million.

5 August 2009
By Las Vegas Sun Staff

Ameristar's profit drops 16 percent in quarter

Ameristar Casinos saw a 16 percent drop in profit during the second quarter of 2009, the Las Vegas-based casino operator reported today.

5 August 2009
By Amanda Finnegan

Fontainebleau suit against lenders moved from bankruptcy court

Major bank lenders to the Fontainebleau Las Vegas have won a tactical victory in their legal dispute with the bankrupt resort. A U.S. district judge in Miami has granted the banks' motion to move Fontainebleau's lawsuit against them from the bankruptcy court to the federal district court in Miami.

5 August 2009
By Steve Green
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