Las Vegas can protect itself from future recessions by building an economy that's unbreakable
Monday, March 14, 2016
What would happen to Las Vegas if the global economy dipped into another recession this year or next year? Some experts say that’s a likely scenario, due in part to tough financial conditions in Europe and China. Jeremy Aguero, an economist ...
When it comes to transportation development, Las Vegas and Denver have traveled down two very different tracks in recent decades. Southern Nevada can probably learn ...
The Las Vegas-based gaming company whose business includes multiple Nevada casinos and the PT’s tavern chain, as well as a huge route of slot machines inside ...
Donald Trump’s Las Vegas hotel is the subject of a recent federal complaint alleging that the hotel broke the law by promising job opportunities to workers who ditched their support of ...
If Southern Nevada is going to emulate Colorado’s largest metro area by developing an ambitious light rail system, its elected officials and business community members will ...
New ownership has refined some aspects of the resort, and the results are showing
Monday, March 7, 2016
CEO Bill McBeath spearheaded the development of a business plan that included about $200 million in investments in areas such as the casino and the resort’s food and beverage offerings. The goal was to bring those areas more in line with the “cool, hip Cosmo brand” ...
Industry insiders, experts differ in opinions on how to regulate industry
Friday, March 4, 2016
The ongoing debate about whether and how the daily fantasy sports industry should embrace regulation doesn’t center entirely on major operators FanDuel and DraftKings. Turmoil related to smaller sites has added fuel to the fire, too, as ...
Caesars Entertainment Corp. CEO Mark Frissora received initial approval for a gaming license from state regulators today after he sought to put to rest any concerns about his contentious exit from his last job. The Gaming Control Board unanimously recommended a license for Frissora, who was named the next chief executive of Caesars about a year ago and officially took ...
A big decrease on the Strip drove statewide gaming revenue down nearly 3 percent in January, but the rest of Southern Nevada generally had a better month, the state reported today. The Gaming Control Board said ...
The company said its fourth quarter revenue was also up 10 percent compared to the third quarter of 2015, driven by strong gaming unit shipments and ...
Plans for a $1.4 billion expansion and renovation of the Las Vegas Convention Center were vetted today by an influential committee tasked with sorting through many ambitious tourism projects. The Southern Nevada Tourism Infrastructure Committee heard ...
Caesars Entertainment, the casino giant that operates many big resorts on the Strip and elsewhere, reported its fourth quarter and full-year earnings Tuesday ...
Donald Trump walked out the front entrance of his Las Vegas hotel Tuesday evening and waved to onlookers as he stepped inside a black SUV, paying no attention to the union protesters marching along the street nearby. Trump was clearly more concerned with ...
The wave of retail development that has swept the Strip in recent years is showing no signs of stopping. Wynn Las Vegas proved as much this week when it officially announced plans for ...
The biggest item on Station’s agenda right now, its planned initial public offering, was the one thing that Chief Financial Officer Marc Falcone said he could not discuss on the company’s earnings conference call ...
Wynn Las Vegas today revealed more details about its planned shopping center development, which the resort says will debut next year. Referred to as Wynn Plaza, the shopping center ...
Michonne Ascuaga has resigned from the Nevada Gaming Commission in the wake of recent revelations that the casino she ran for 16 years was the subject of a federal investigation. Gov. Brian Sandoval’s office announced today that he accepted Ascuaga’s resignation, which followed ...
The Las Vegas Strip may eventually be home to an arena for competitive video games if one Chinese company gets its way. Beijing-based Ourgame International Holdings Ltd., the parent company of the World Poker Tour, wants to build multiple arenas for competitive video games, or e-sports, around the globe — and ...
Wynn Resorts, the company that runs the Wynn and Encore on the Strip as well as property in Macau, reported its fourth quarter and full year earnings today ...
Patrick Hughes, the general manager of the Cannery hotel-casino in North Las Vegas, is the new president and CEO of the Fremont Street Experience, the organization’s board announced today. Hughes ...
MGM Resorts International is outsourcing some 300 part-time jobs at its three arenas and event centers on the Strip starting Friday. The casino company is bringing in four companies to oversee certain “on-call positions” at the …
Wynn Las Vegas is moving its poker room to a larger location that will debut at the end of May. The resort announced today that its new 8,600-square-foot poker room will be next to ...
MGM Resorts International today revealed the names of seven people who will sit on the board of its planned real estate investment trust. The board of the trust, commonly known as a REIT, will be ...
Penn National Gaming, the company that runs the Tropicana and M Resort in Henderson, reported its fourth-quarter and full-year earnings today. At the Tropicana ...
A Las Vegas company announced plans today to develop a 125-room hotel by the Las Vegas Motor Speedway. CAI Investments said it has signed a deal for ...
A new shopping center a and convention building with a rooftop pool and bar are headed to two Strip resorts under separate plans approved today by Clark County ...
Downtown Grand CEO Jim Simms is leaving after less than a year on the job, the resort announced today. Simms was named to the position in June, replacing Seth Schorr, who became ...
T.I. owner also supports bringing NFL team to Las Vegas
Wednesday, Feb. 3, 2016
Treasure Island owner Phil Ruffin says he and his friend Donald Trump don't agree on everything. But that hasn't stopped Ruffin from being a strong supporter of Trump’s campaign. "I think he's brilliant," Ruffin said. "Usually, you don't get that quality of person running ...
Valets at many Strip properties owned by MGM Resorts International will soon start working for a new employer as the casino company outsources its parking operations to a third-party contractor. MGM Resorts announced today ...
Golden Entertainment Inc. has wrapped up its $20 million acquisition of about 1,000 gambling devices in Montana, the Las Vegas-based company said today. The transaction brings yet another market into play for ...
Paid parking on the Strip was not on the agenda at Preview Las Vegas today, but it was hard not to think about when the head of MGM Resorts International took the stage at Cox Pavilion ...
MGM Resorts International CEO Jim Murren said today he’s not opposed to a stadium plan backed by one of his competitors, as long as it doesn’t use hotel room tax revenue that would otherwise support an expansion of ...
Light rail, an expanded monorail and new pedestrian bridges on the Strip were among the key transportation proposals examined today — at some points critically — by an influential group of tourism leaders. The Southern Nevada Tourism Infrastructure Committee met to hear in detail about a range of transportation proposals, including many covered by a sweeping plan recently released by the Regional Transportation Commission. Called ...
Las Vegas Sands, the casino company that runs the Venetian and Palazzo on the Strip in addition to properties in Macau and elsewhere, reported its fourth-quarter and ...
Americans are poised to wager $4.2 billion on the upcoming Super Bowl 50, with the vast majority of those bets expected to be placed illegally. The American Gaming Association said its sports betting projection for the Feb. 7 championship football game between the Denver Broncos and the Carolina Panthers represents ...
After playing a big role when Democratic candidates last battled each other for their party's presidential nomination, the Culinary Union is staying above the fray this time around. While it made ...
MGM Resorts International said today that its forthcoming dining and entertainment district on the Strip will open April 4. Called the Park, the district between New York-New York and Monte Carlo is set to debut two days before MGM Resorts’ T-Mobile Arena opens in the same area. The company envisions the Park as ...
Nevada regulators today approved Station Casinos’ plan for an initial public offering, allowing the locals gaming giant to move forward with its transition back into a public company. Station, which was taken private …
Nevada’s major casinos were generally strong supporters of Gov. Brian Sandoval’s $1.1 billion tax package last year, and they have already spent heavily to keep ...
The push started more than three years ago, when Rossi Ralenkotter, president of the Las Vegas Convention and Visitors Authority, brought local tourism industry leaders together to talk about transportation issues. Ralenkotter made it clear from the outset the group needed to think beyond its own specific interests about how to keep Las Vegas globally competitive ...
Phoenix; Denver; San Diego; and Orlando, Fla., have provided blue prints Las Vegas can follow when it comes to building public mass transit systems. We examine their costs and the impact the systems have had on their cities.
MGM Resorts’ announcement that it will soon start charging customers to park at its Strip resorts was a long time coming. Speculation that the casino operator would ...
Wynn Resorts Ltd. said today it expected to report a steep decline in revenue from its China operations in the fourth quarter of 2015, though it would anticipate a stronger financial performance in ...
By most measures, last year was a pretty good one for the Las Vegas tourism industry. Visitation in 2015 surpassed the record set one year earlier by about 1.2 million people, preliminary figures show, and officials expect ...