Gaming

M Resort slated to open in March 2009

M Resort, Spa and Casino, set to open March 2009, will feature a porte-cochere with a frosted glass canopy from front to back.

The Marnell name is once again finding a home just off the Las Vegas Strip. Come March 2009, M Resort, Spa and Casino will open its doors.

8 August 2008
By Jenna Kohler

Harrah's cites economy in revenue fall

Harrah's Entertainment today reported a 4 percent decline in revenue and a 10 percent decline in property-level earnings before interest, taxes, depreciation and amortization, joining competitors that have been hard hit by the economic downturn.

8 August 2008
By Liz Benston

As Strip scales up, some say goodbye

Elton's helps make the Palazzo a mecca for high-end shoppers.

Trey Rusk used to travel to Las Vegas four times a year to play the slots. That was until about two years ago, when he and his wife decided that the city was no longer their kind of scene.

8 August 2008
By Liz Benston

Riviera CEO: 2Q a 'perfect storm'

Riviera Holdings Corp., which owns the Riviera casinos in Las Vegas and Colorado, reported a 15 percent decline in revenue and a 33 percent decline in operating earnings, before certain items, of 33 percent. Revenue fell, year over year, in every department.

7 August 2008
By Liz Benston

Tip-sharing cloud forming over Encore, Wynn critics say

For more than three decades, Steve Wynn has had a reputation as an inspiring casino boss who publicly praises his employees and assures them that a single job well done can “change the course of the whole enterprise.”

7 August 2008
By Liz Benston

Unlicensed board clears hurdle to control Tropicana

The state Gaming Control Board recommended today allowing a four-man board to take control of the Tropicana as it wends its way through bankruptcy.

6 August 2008
By Richard N. Velotta

Moody's downgrades Black Gaming bonds

Today, bond rating agency Moody's Investors Service downgraded the bonds issued by Black Gaming, saying the company could face a default if worsening business trends continue

5 August 2008
By Liz Benston

MGM 2Q profit drops 69 percent

While the economic decline contributed to MGM Mirage’s 69 percent drop in net income and a 2 percent decline in revenue in the second quarter compared with a year ago, executives hardly betrayed any disappointment today during a conference call with investors.

5 August 2008
By Liz Benston

Settlement requires notification about lead-tainted casino chips

Rarely does a company that is sued compliment the plaintiff on a deserved victory – especially if the company believes it has a solid defense. But that’s what happened last week when the Center for Environmental Health, a nonprofit that has sued numerous companies over lead content in consumer products, declared victory in a legal settlement with Gaming Partners International, the world’s largest manufacturer of casino chips.

4 August 2008
By Liz Benston

Wall Street’s happy now, but Boyd’s delay may prove costly

When Boyd Gaming announced in January 2006 that it would build a multibillion-dollar resort complex called Echelon, Las Vegas’ tourism economy was riding high and banks were only too willing to lend money for major projects.

4 August 2008
By Liz Benston

Flailing economy cited in Boyd's decision to postpone further construction of Echelon project

Boyd Gaming announced this morning it would delay its $4.8 billion Echelon resort on the Strip until the capital markets and the broader economy improves. The announcement triggered a 20 percent increase in the company’s shares.

1 August 2008
By Liz Benston

Gamblers to be warned of lead in Vegas company’s poker chips

Poker chips manufactured by a Las Vegas company will be the focus of notices at 21 California card clubs starting Nov. 1 — and not for promotional purposes.

1 August 2008
By Liz Benston

Sands’ earnings report offers a little good, a little not so good

At a time when gaming investors are hypersensitive, it’s hard to tell from the Las Vegas Sands’ earnings report, issued Wednesday, whether company profit in the second quarter was up or down.

31 July 2008
By Liz Benston

Persistence pays off for would-be dealer

The state’s top gaming regulators won’t soon forget Robert Hackett.

30 July 2008
By Liz Benston

End of ban on cell phones in sports books expected

The Gaming Control Board, which investigated the change and recommended the commission remove the ban, says the ban has grown ineffective in preventing the transfer of betting lines — information that’s readily available on the Internet — to illegal bookies.

29 July 2008
By Liz Benston
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