Steve Green

Story Archive

Former Pinnacle CEO claims right to compete with casino company
Friday, Nov. 19, 2010
Former Pinnacle Entertainment Inc. CEO Dan Lee is disputing allegations he violated terms of his separation agreement with the Las Vegas-based casino company and says he has the right to compete with Pinnacle.
Former Pinnacle CEO claims right to compete with casino company
Friday, Nov. 19, 2010
Former Pinnacle Entertainment Inc. CEO Dan Lee is disputing allegations he violated terms of his separation agreement with the Las Vegas-based casino company and says he has the right to compete with Pinnacle.
Lawsuit challenges expansion of landfill for power plant
Thursday, Nov. 18, 2010
The Moapa Band of Paiutes and the Sierra Club filed suit Thursday in hopes of blocking the development of evaporation ponds and the expansion of a landfill that would be used for continued operation of the Reid Gardner coal-fueled power plant 45 miles northeast of Las Vegas.
Two more website operators face Righthaven copyright lawsuits
Thursday, Nov. 18, 2010
Two more website operators were hit with copyright infringement lawsuits Wednesday after material from the Las Vegas Review-Journal allegedly was posted on their sites without authorization.
Righthaven settles with Sharron Angle over R-J story posting
Wednesday, Nov. 17, 2010
Las Vegas copyright enforcement company Righthaven LLC has reached a confidential settlement of its online copyright infringement lawsuit against defeated U.S. Senate candidate Sharron Angle.
Medical Spa at Summerlin files for Chapter 11 bankruptcy
Wednesday, Nov. 17, 2010
The Medical Spa at Summerlin, a high-profile cosmetic procedure business, filed for Chapter 11 bankruptcy reorganization Tuesday in Las Vegas.
Herbst Gaming reports profit increase amid cost-cutting efforts
Wednesday, Nov. 17, 2010
Thanks to cost cutting, casino and slot route operator Herbst Gaming Inc. of Las Vegas increased its profit in the third quarter even as business remained slow because of the recession.
Trademark dispute leaves proprietors of two small businesses in ruin
Wednesday, Nov. 17, 2010
One can sense the desperation and frustration in Mary Gravino’s voice as she talks about the problem that has overwhelmed her and her husband, Sam, for the past 15 months.
Righthaven seeks to dismiss suit over posting of R-J story
Tuesday, Nov. 16, 2010
The Las Vegas Review-Journal's copyright enforcement company no longer wants to litigate one of its more controversial cases: a complaint against the big political website the Democratic Underground.
Hard Rock hotel fires back in trademark lawsuit, claims 'harassment'
Tuesday, Nov. 16, 2010
The Las Vegas Hard Rock hotel-casino is hitting back in a trademark lawsuit filed by the owner of the Hard Rock brand, charging in a counterclaim that Hard Rock Cafe International is interfering with its business.
Gaming executives to join board of Station Casinos
Monday, Nov. 15, 2010
Veteran gaming executives Stephen Greathouse and Robert Cashell Jr. will be joining Las Vegas locals gaming leader Station Casinos as Station emerges from bankruptcy.
Pinnacle Entertainment sues former CEO over casino proposal
Monday, Nov. 15, 2010
Casino operator Pinnacle Entertainment Inc. of Las Vegas on Friday sued former Chairman and CEO Dan Lee, charging violations of his noncompete agreement because of efforts by Lee to build his proposed Mojito Pointe casino in Louisiana.
Riviera Holdings reports wider loss, revenue drop in 3Q
Friday, Nov. 12, 2010
Riviera Holdings Corp. of Las Vegas, the casino operator preparing to emerge from bankruptcy, today said its third quarter loss grew while revenue fell.
Tropicana reports wider loss in quarter amid renovation
Friday, Nov. 12, 2010
Revenue slumped and the loss widened during the third quarter at the Tropicana hotel-casino on the Las Vegas Strip as its owner continued to pump tens of millions of dollars into a renovation there.
Stratosphere owner says loss widened in third quarter
Friday, Nov. 12, 2010
Southern Nevada gaming company American Casino & Entertainment Properties LLC endured another difficult quarter, today posting a wider third quarter loss as revenue fell.
Fitzgeralds seeks to shut down website over alleged trademark infringement
Thursday, Nov. 11, 2010
The operator of the Fitzgeralds hotel-casinos in Las Vegas and around the country went to court Wednesday in hopes of shutting down a website it says is infringing on its trademarks.
Las Vegas Hilton reports wider loss in third quarter
Thursday, Nov. 11, 2010
The recession and the over-supply of hotel rooms in Las Vegas punished the Las Vegas Hilton hotel-casino in the third quarter, with the property's loss widening on lower revenue.
Vestin funds narrow 3Q loss, problem real estate loans noted
Wednesday, Nov. 10, 2010
Problem real estate loans resulted in more losses during the third quarter by the Las Vegas-based Vestin funds, the funds reported today.
Tropicana Entertainment reports $1.5 million profit in third quarter
Wednesday, Nov. 10, 2010
Las Vegas-based Tropicana Entertainment Inc. today said it earned $1.5 million in the third quarter, despite the deterioration of the Lake Tahoe and Laughlin markets in Nevada where it has three hotel-casinos.
Hard Rock hotel says profit tumbled in third quarter
Wednesday, Nov. 10, 2010
The owner of the Hard Rock hotel-casino in Las Vegas today posted, as expected, a steep loss for the third quarter and warned it's having trouble making its debt payments.
IGT swings to profit in quarter on lower revenue
Tuesday, Nov. 9, 2010
Casino supplier International Game Technology today posted a profit for its fiscal fourth quarter ended Sept. 30, even as slot machine sales and lease revenue fell.
2 credit unions report smaller losses
Tuesday, Nov. 9, 2010
Two big Nevada credit unions are reporting improved financial results as they ride out the recession that has yielded tens of millions of dollars in losses from loans gone bad.
Riviera Holdings reorganization plan gets OK
Tuesday, Nov. 9, 2010
Without having to make debt payments, the Riviera hotel-casino remains cash-flow positive and should have no problem surviving the recession while its parent company's bankruptcy case winds down, an executive said Tuesday.
Investors buying more MGM Resorts shares in secondary stock offering
Tuesday, Nov. 9, 2010
Despite the recession limiting visitation to -- and spending on -- the Las Vegas Strip, investors seem eager to buy the shares of Strip operator MGM Resorts International.
N9NE Group exec scores early legal win against disgruntled investors
Monday, Nov. 8, 2010
Nightclub executive Michael Morton will remain at the helm of the N9NE Group after a judge rejected a request by investors and the Palms to remove him.
Full House Resorts sees drop in third quarter profit
Monday, Nov. 8, 2010
Full House Resorts Inc., a growing Las Vegas-based casino operator, today reported a third quarter profit of $2.2 million, or 12 cents per share, down from $3 million or 17 cents in the year-ago quarter.
Disgruntled investors aim more complaints at N9NE Group chief
Saturday, Nov. 6, 2010
Disgruntled investors in the N9NE Group, which runs popular nightclubs and restaurants at the Palms hotel-casino in Las Vegas, this week unleashed new charges of wrongdoing against N9NE Group chief Michael Morton as they work to remove him from N9NE Group and the Palms.
Foxwoods casino taps Tropicana Entertainment's Scott Butera
Friday, Nov. 5, 2010
The owner of the big Foxwoods casino in Connecticut today said it hired Las Vegas gaming executive Scott Butera as CEO, bringing much-needed turnaround experience to the gaming operation that has been grappling with debt while trying to salvage a Philadelphia casino project.
Harrah's loses $164.8 million in third quarter
Friday, Nov. 5, 2010
Harrah's Entertainment Inc. today posted a third quarter loss as customers spent less in Las Vegas. The company lost $164.8 million in the quarter, a turnaround from 2009's third quarter when Harrah's lost $1.7 billion.
Judge rules for pilots suing airline over hazard pay
Friday, Nov. 5, 2010
A federal judge has found Vision Airlines Inc. of North Las Vegas misled him and the current and former pilots suing the airline over hazard pay for war-time flights into Iraq and Afghanistan and has hit the airline with sanctions by effectively ruling in favor of the pilots.
Tropicana Entertainment CEO resigning to lead another gaming company
Thursday, Nov. 4, 2010
Tropicana Entertainment Inc., investor Carl Icahn's Las Vegas-based gaming company, today said CEO Scott C. Butera is resigning as CEO and from the board of directors to become CEO of another gaming company.
Harrah's Laughlin found liable in fatal 2002 casino brawl
Thursday, Nov. 4, 2010
A jury has found Harrah's Laughlin liable for injuries sustained by bystanders when a fight broke out among rival biker gangs at the hotel-casino in 2002, killing three people.
MGM Resorts distances itself from bankrupt MGM Studios
Thursday, Nov. 4, 2010
The worldwide value of MGM Resorts International's brands was highlighted today when the company moved to clarify for investors, customers and vendors that it is not affiliated with the bankrupt MGM Studios.
Management company reports financial troubles at Hard Rock
Wednesday, Nov. 3, 2010
Problems with meeting debt obligations are mounting at the Hard Rock hotel-casino, even as the property is beginning to see improvements in the market, its management company reported.
MGM: Las Vegas market stabilizing, but mid-tier resorts 'challenged'
Wednesday, Nov. 3, 2010
MGM Resorts International expects revenue to grow from its CityCenter joint venture and its high-end hotels elsewhere on the Las Vegas Strip -- but lower-end properties remain challenged.
Nevada Commerce Bank getting financial boost
Tuesday, Nov. 2, 2010
A small Las Vegas bank today said it's arranged for a capital infusion to help improve its financial condition.
Harrah's deal to bring digital advertising to 'high-traffic' areas
Tuesday, Nov. 2, 2010
Harrah's Entertainment Inc. of Las Vegas has plenty of walls on and in its casinos and hotel rooms -- and a deal announced today will see more digital advertising displays on those walls.
Shuffle Master announces changes in leadership
Tuesday, Nov. 2, 2010
There's been another change in the executive ranks at Las Vegas-based casino supplier Shuffle Master Inc.
Shareholder suits against MGM Resorts advance
Tuesday, Nov. 2, 2010
More than a year after Las Vegas-based casino resort operator MGM Resorts International was hit with six shareholder class-action and "derivative" lawsuits over a decline in its stock price, some of the cases have advanced with selection of lead plaintiffs.
Westin Casuarina faces hardships amid economic downturn
Monday, Nov. 1, 2010
The owner of the Westin Casuarina Hotel, Casino & Spa isn’t commenting on how the property is performing during the recession, but real estate watchers say it may face foreclosure.
Adult club owner: Purchase price based on 'misleading' information
Monday, Nov. 1, 2010
The Las Vegas topless dancing club at the center of Clark County's biggest political corruption scandal in memory is back in the news -- this time over charges the current owner was misled and overpaid for the club.
Free speech group files counterclaim against copyright enforcement firm
Saturday, Oct. 30, 2010
The online freedom of speech group Electronic Frontier Foundation (EFF) continues to pound away on the business model of Las Vegas copyright enforcement company Righthaven LLC, with its attorneys hitting Righthaven with another counterclaim on Friday.
Embattled restaurant, nightclub operator fires back at Palms
Saturday, Oct. 30, 2010
Restaurant and nightclub operator Michael Morton made tens of millions of dollars for the Palms hotel-casino in Las Vegas since 2001, but now the Palms is engaged in a power grab to force Morton out of their lucrative venture.
Regulators take action against 3 Las Vegas banks
Friday, Oct. 29, 2010
With high unemployment and problems in the local real estate market hurting banks and credit unions, regulators on Friday revealed enforcement actions against three Las Vegas banks.
Circus that featured 'Sicko the Clown' files for bankruptcy
Friday, Oct. 29, 2010
It’s lights out for Platinum Masters Monster Circus LLC, which filed for Chapter 7 bankruptcy liquidation Thursday and listed as assets a group of oddities that may be auctioned to satisfy creditors.
Righthaven gets legal win in copyright lawsuit campaign
Thursday, Oct. 28, 2010
Las Vegas copyright enforcement company Righthaven LLC scored an initial legal victory in one of its lawsuits Thursday when a federal judge declined to dismiss the case. Thursday's ruling may have been a pleasant surprise for Righthaven. Righthaven is the Review-Journal's copyright enforcement partner.
Bally Technologies reports fall in earnings
Wednesday, Oct. 27, 2010
Bally Technologies Inc. of Las Vegas, a maker of slot machines and casino systems, today said its 2011 fiscal year first quarter earnings fell on lower revenue.
Wells Fargo denies wrongdoing in foreclosing on land near McCarran
Wednesday, Oct. 27, 2010
Wells Fargo Bank officials have denied they wrongfully foreclosed on Las Vegas land planned for a massive hotel-casino and condominium project.
Las Vegas Sands sees record revenue in 3Q on strength in Asia
Wednesday, Oct. 27, 2010
With business booming in Macau and Singapore, Las Vegas Sands Corp. today reported a third quarter profit and record revenue.
Investors study Boyd Gaming's plan to reduce debt
Wednesday, Oct. 27, 2010
Boyd Gaming Corp. stock was steady today as investors and analysts studied the company's plan to sell $500 million of senior notes due in 2018 as part of a debt reduction and refinancing initiative.