Boyd Gaming Corp. of Las Vegas late Tuesday announced plans to tap Wall Street to raise $500 million to pay off or refinance existing debt. Boyd said it is offering $500 million of eight-year senior notes in a private placement transaction, subject to market, regulatory and other conditions.
A Georgia company that securely recycles and re-sells computers and other office equipment is moving its headquarters to Las Vegas and plans a Thursday groundbreaking for its $15 million plant.
Wall Street debt analysts are praising the latest efforts by MGM Resorts International to improve its balance sheet. Analysts say the cash is needed to help fund additional investments in CityCenter.
Nevada Labor Commissioner Michael Tanchek has upheld the groundbreaking Wynn Las Vegas policy of requiring casino dealers to share tips with managers -- but that hasn't stopped attorneys and workers from challenging.
Las Vegas Sands Corp. today announced a 10-year co-marketing deal with InterContinental Hotels Group PLC (IHG) that will affiliate the Venetian and Palazzo resort complex on the Las Vegas Strip with IHG's InterContinental brand.
Boyd Gaming today reported continued declines in revenue in the Las Vegas area, hard hit by the recession, and also said it's declining an offer to buy the 50 percent of the Borgata resort in Atlantic City it does not already own.
New CEOs and boards of directors have been named for two Las Vegas-based casino operators as they emerge from bankruptcy. Taking over as CEO at post-bankruptcy Riviera Holdings Corp. will be former Las Vegas Sands Corp. executive Andy Choy.
Theft of company assets. A cover-up in a scandal over underage women being allowed in adult areas of the casino. Arranging for “puff pieces” in the media to polish the image of an executive’s wife.
Steve Jacobs, former point man for Las Vegas Sands Corp. in the fast-growing Chinese gambling district of Macau, claims in a lawsuit he was fired over disputes, including his resistance to demands that he engage in improper and illegal activity.
Las Vegas-based bank operator Western Alliance Bancorporation today posted a third-quarter profit of $2 million as interest income from loans grew and delinquencies declined.
The Las Vegas Review-Journal online copyright infringement lawsuit campaign sustained a setback Tuesday when a judge granted a real estate agent's motion for dismissal, ruling his posting of part of a Review-Journal story on his website amounted to fair use under copyright law.
Republic Services Inc., the main trash hauler in Southern Nevada, said Tuesday it’s stepping up recycling operations at Las Vegas-area apartment complexes and has signed its first large-scale apartment management company as a client.
Thirteen months after he was arrested on suspicion of defrauding investors out of millions of dollars, creditors are still trying to recover money and assets from Las Vegas businessman Jean Marc El Jwaidi. They appear to be having only limited success.
MGM Resorts International's stock fell again Thursday in heavy trading even as two debt-rating agencies applauded moves by the Las Vegas company to cut debt by issuing more stock to the public.
A simmering dispute between the Palms Casino Resort in Las Vegas and its restaurant and nightclub partner the N9NE Group has boiled over into an acrimonious lawsuit.
A lawsuit claiming Wynn Las Vegas doesn’t do enough to protect employees from second-hand tobacco smoke has survived an early court test, with federal Judge Lloyd George in Las Vegas denying Wynn’s motion that the case be dismissed.
Company could raise $595 million in stock offering to pay debt
Wednesday, Oct. 13, 2010
MGM Resorts International stock fell about 9 percent this morning as investors absorbed a flood of information issued since Tuesday afternoon about third quarter results and a public stock offering.
Station Casinos Inc. of Las Vegas sued two website operators on Tuesday, accusing them of “cybersquatting” and trademark infringement for associating Station trademarks with online gambling businesses.
Las Vegas newspaper copyright enforcement company Righthaven LLC sued five more website operators Tuesday, alleging infringements of Las Vegas Review-Journal material.
Company says it's interested in raising $600 million through stock offering
Tuesday, Oct. 12, 2010
MGM Resorts International today said it expects to post a third-quarter operating loss of $206 million as it likely will take a financial hit on the sale of its share of the Borgata and because of asset writedowns at CityCenter.
The trademark lawsuit over the name of the Tropicana Las Vegas hotel-casino is getting more contentious, with attorneys asking a court to impose sanctions against the Tropicana's foe in the litigation.
Bids are being accepted for certain assets of the bankrupt Krave nightclub and Harmon Theater on the Las Vegas Strip. The business, operating at the Miracle Mile Shops/Planet Hollywood Resort property, filed for Chapter 11 on Jan. 18.
Republican U.S. Senate candidate Sharron Angle is signaling she’s interested in settling a copyright infringement lawsuit filed against her by the Las Vegas Review-Journal’s copyright enforcement partner.
Capitol Bancorp Ltd. announced today that it's selling 1st Commerce Bank in North Las Vegas to Southern Nevada businessman Jason Awad, who plans to recapitalize it.
Shopping mall and real estate giant General Growth Properties Inc. of Chicago today said the nationwide real estate development business to be spun out of its bankruptcy will have a name familiar to Southern Nevadans: The Howard Hughes Corporation.
Investor lawsuits filed in 2008 and 2009 against Las Vegas real estate lender Aspen Financial Services -- as well as counterclaims -- are working their way toward separate trials.
Defense attorneys are complaining that Las Vegas copyright enforcement company Righthaven LLC is trying to force defendants into settling by running up legal bills with its aggressive litigation tactics.
Righthaven LLC sued two more website operators for copyright infringement Wednesday, charging they displayed Las Vegas Review-Journal stories without authorization.
The cash register continues to ring at Las Vegas copyright enforcement company Righthaven LLC, which has reached settlements with at least seven more defendants it had sued over unauthorized online postings of Las Vegas Review-Journal stories.
A group offering insurance products to nonprofits is preparing to sue Nevada’s insurance commissioner after he ordered the company to stop selling “first dollar” automobile insurance in the state.
Overruling the objection of CityCenter general contractor Perini Building Co., a state judge has reduced Perini’s lien against the Las Vegas Strip casino resort complex by $67.7 million -- but with conditions.
Harrah’s Entertainment Inc. and Wynn Resorts Ltd. lead the gaming industry rankings in the newest national business report card on supporting lesbian, gay, bisexual and transgender equal rights.
The Democratic Party of Nevada is among the latest defendants to settle copyright infringement lawsuits filed over the online re-postings of Las Vegas Review-Journal stories.
A lawsuit claiming thousands of current and former topless dancers at the Sapphire Gentlemen’s Club in Las Vegas aren’t really independent contractors and are owed back pay has advanced toward a March trial — with a twist.
A lawsuit against a Southern Nevada woman claiming she publicly disparaged an eBay seller — a suit attracting the attention of eBay merchants nationwide worried about their own reputations — has been dismissed due to the defendant's bankruptcy.
MGM Resorts International, the largest private employer in the Las Vegas area, is aggressively expanding its diversity initiative as it strives to boost profits in the tourism and convention markets.
Defendant one of chief critics of Righthaven's copyright lawsuit campaign
Thursday, Sept. 30, 2010
Las Vegas online copyright enforcement company Righthaven LLC has reached another legal settlement with a defendant that had been highly critical of Righthaven's lawsuit campaign.
Even as Righthaven LLC’s most powerful critic pounded on Righthaven’s lawsuit campaign Tuesday, the Las Vegas company sued three more website owners, claiming they infringed on copyrights by re-posting news stories and columns without authorization.
The owner of the Las Vegas Review-Journal has for the first time been hit with a counterclaim over its online copyright infringement lawsuit campaign, with attorneys for the Electronic Frontier Foundation accusing the newspaper of entering a "sham" relationship with copyright enforcement partner Righthaven LLC.
These are the little-known legal concepts that defense attorneys are increasingly using in hopes of undermining the copyright infringement lawsuit litigation unleashed in March over online Las Vegas Review-Journal stories.
One of the executives behind the copyright infringement lawsuits over online Las Vegas Review-Journal stories says the newspaper industry hasn’t done a good job of protecting its copyrights.
By allowing people to read its stories online for free, the Las Vegas Review-Journal is essentially giving away those stories, and recipients of the articles are free to display them on their own websites.
One of the attorneys fighting the Righthaven LLC copyright lawsuits has penned an opinion article critical of Righthaven, calling it a threat to free speech.
The owner of the international Hard Rock brand no longer wants its name associated with the Las Vegas Hard Rock hotel-casino and is suing to cancel their licensing agreement.