Gaming News

GAMING NEWS

  • Friday, February 17 2012 12:31 PM EST2012-02-17 17:31:45 GMT
    In the mid-1980s, before the era of megaresorts, Nevada's gaming industry generated roughly $3 in revenue for every dollar spent on long-term debt.
  • Wednesday, February 8 2012 4:14 PM EST2012-02-08 21:14:35 GMT
    Shares of casino operator Caesars Entertainment Corp. surged more than 24 percent in its first day of trading on the Nasdaq.
  • Tuesday, February 7 2012 9:24 PM EST2012-02-08 02:24:21 GMT
    Members of the family who founded Las Vegas-based Station Casinos have agreed to pay $73 million to buy shares held by JPMorgan Chase Bank, giving the family a controlling interest in the casino operator.
  • Monday, January 30 2012 10:29 AM EST2012-01-30 15:29:03 GMT
    A university analysis finds that Nevada's casinos have taken on more debt than ever before, shifting the finances of the state's largest industry into unprecedented territory.
  • Sunday, January 22 2012 9:30 PM EST2012-01-23 02:30:51 GMT
    Sportsbooks around Las Vegas were jammed with people Sunday as football fans tried to cash in on the NFL's conference championship weekend. The games set the stage for one of the biggest betting weeks of the year.
  • Saturday, January 14 2012 2:00 AM EST2012-01-14 07:00:46 GMT
    The biggest betting day of the year in Las Vegas is rapidly approaching. While the Super Bowl is three weeks away, the games leading up to the big game can generate serious cash for the Las Vegas economy.
  • Wednesday, January 11 2012 6:27 PM EST2012-01-11 23:27:26 GMT
    Nevada's casinos are winning, according to the latest numbers released by the state. Gambling revenues are up 7 percent, with Strip properties bringing in more than half the total revenue.
  • Friday, January 6 2012 8:00 PM EST2012-01-07 01:00:19 GMT
    Nevada's largest casinos suffered a combined $4 billion loss in 2011.
  • Wednesday, December 28 2011 2:00 AM EST2011-12-28 07:00:47 GMT
    Las Vegas' biggest gaming competitor is taking a bold step. Casino regulators in Atlantic City, New Jersey say it would be okay to have a strip club inside a casino. The move is getting the attention of officials in Las Vegas.
  • Tuesday, December 13 2011 2:01 AM EST2011-12-13 07:01:02 GMT
    Compulsive gamblers will soon have a new tool to help them curb their addiction. UNLV is working with Harvard Medical School to design a smart phone application called Health-E Gambling.
  • Thursday, December 1 2011 2:00 AM EST2011-12-01 07:00:50 GMT
    The IRS has launched a criminal investigation into sports betting. A Las Vegas man has already been indicted. Prosecutors say he works for a company connected to Bill Walters, who's been described as the most feared and dangerous bettor in Nevada.
  • Wednesday, November 30 2011 2:00 AM EST2011-11-30 07:00:56 GMT
    The NBA lockout is all but over. Although Las Vegas doesn't have a team, the gaming industry and sports bettors are relieved hoops excitement will be back.
  • Wednesday, November 9 2011 5:15 PM EST2011-11-09 22:15:26 GMT
    Las Vegas attracted more visitors in September compared with the same month a year ago, helped by a whopping 49 percent jump in convention attendance.
  • Wednesday, October 19 2011 5:32 PM EDT2011-10-19 21:32:34 GMT
    Casino operator Wynn Resorts Ltd. is reporting third-quarter net income of $127.1 million, compared with a loss of $33.5 million a year earlier.
  • Saturday, October 15 2011 2:00 AM EDT2011-10-15 06:00:52 GMT
    You now have a chance to place a bet on your favorite sports team right from your smart phone. The Nevada Gaming Control Board this week approved the country's first iPhone sports betting app, and sports fans are already betting on the go.
  • Wednesday, October 5 2011 1:45 PM EDT2011-10-05 17:45:43 GMT
    A Las Vegas casino is launching a free online poker website tied to the program it uses to determine perks for frequent gamblers, with an eye toward launching a site to play for real money if it becomes explicitly legal in the United States.
  • Tuesday, October 4 2011 7:10 PM EDT2011-10-04 23:10:24 GMT
    Legalized Internet gaming may be closer to becoming a reality than ever before. The president of the American Gaming Association says consumer protection advocates, law enforcement and gaming leaders have teamed up for the first time to educate Congress about Internet gaming.
  • Sunday, October 2 2011 1:26 PM EDT2011-10-02 17:26:24 GMT
    There are two new casinos ready for business, while creating hundreds of jobs in Las Vegas. This comes at a time when Nevada's unemployment rate has risen 3 straight months.  
  • Thursday, September 15 2011 1:46 PM EDT2011-09-15 17:46:53 GMT
    Lenders have filed a foreclosure notice against the Las Vegas Hilton following the disclosure that the 2,950-room hotel was in default on a $252 million loan.
  • Wednesday, September 14 2011 1:14 PM EDT2011-09-14 17:14:48 GMT
    Caesars Palace on the Las Vegas Strip is about to start taking reservations for stays in the new Octavius Tower that's culminating a nearly $1 billion resort expansion.
  • Friday, September 2 2011 11:02 AM EDT2011-09-02 15:02:29 GMT
    It's officially prime time betting season for local sportsbooks. Southern Nevada's economy scores with the NFL and college football seasons. Casino MonteLago, which recently reopened, is opening its new sportsbook just in time for football season.
  • Thursday, September 1 2011 10:18 AM EDT2011-09-01 14:18:43 GMT
    A 40-year-old Las Vegas landmark is reopening its doors and breathing new life into the downtown area. Renovations at the Plaza Hotel are complete and reservations are now being accepted.
  • Tuesday, August 30 2011 6:45 PM EDT2011-08-30 22:45:27 GMT
    A Nevada casino is making history by catering to the Latino community. Two years ago, Primm Valley Casino Resorts declared bankruptcy. Now, new owners are betting on a new market to survive the economic downturn.
  • Thursday, August 18 2011 2:22 PM EDT2011-08-18 18:22:24 GMT
    Billionaire investor Kirk Kerkorian is selling 20 million shares of MGM Resorts International for about $214.9 million, cutting his stake in the casino operator to 22.8 percent.
  • Tuesday, August 16 2011 7:01 PM EDT2011-08-16 23:01:02 GMT
    Although MGM Resorts wants to implode its troubled Harmon Tower, it could be a long time before that becomes a reality.
  • Tuesday, August 16 2011 6:02 PM EDT2011-08-16 22:02:09 GMT
    A memorial this afternoon will honor the late gaming great Terry Lanni. Lanni led MGM and Caesars World for many years.
  • Monday, August 15 2011 11:20 AM EDT2011-08-15 15:20:42 GMT
    The Cosmopolitan of Las Vegas hotel-casino lost $54.3 million during the second quarter as its restaurants and nightlife continued to pull in more revenue than gambling and its hotel rooms.
  • Friday, August 12 2011 6:52 PM EDT2011-08-12 22:52:28 GMT
    Revenue is up at Tropicana after the company completed most of the renovation projects planned for its Las Vegas Strip hotel-casino.
  • Wednesday, August 10 2011 2:00 AM EDT2011-08-10 06:00:44 GMT
    Casino executives worried about Las Vegas' recovery have been closely watching the markets. Gaming stocks rallied in July, sparking renewed investor interest. That quickly changed this month when concerns about the economy dragged down the stock market.  
  • Tuesday, August 9 2011 7:29 AM EDT2011-08-09 11:29:14 GMT
    Casino operator MGM Resorts International said Monday it swung to a profit in the second quarter.
  • Thursday, August 4 2011 12:33 PM EDT2011-08-04 16:33:52 GMT
    Developers of a $500 million entertainment district that would feature the world's tallest Ferris wheel are getting the green light to break ground on the Las Vegas Strip.
  • Thursday, July 28 2011 12:31 PM EDT2011-07-28 16:31:03 GMT
    Casino-resort operator Las Vegas Sands Corp. said Tuesday that it earned $367.6 million for the second quarter, reversing a loss of $4.7 million a year earlier as its revenue rose almost 50 percent.
  • Thursday, July 28 2011 12:24 PM EDT2011-07-28 16:24:37 GMT
    Taxable sales in Nevada rose 7.2 percent in May compared with the same month a year ago.
  • Wednesday, July 27 2011 8:38 AM EDT2011-07-27 13:38:26 GMT
    Casino operator Boyd Gaming Corp. lost money in its second quarter, weighed down by higher preopening expenses and costs related to flooding along the Mississippi River.
  • Friday, July 15 2011 5:33 PM EDT2011-07-15 21:33:28 GMT
    Former MGM Mirage CEO and Chairman Terry Lanni died Thursday night. He retired from the job in 2008. He led the company for more than 13 years. Lanni was suffering from cancer.
  • Monday, July 11 2011 6:42 PM EDT2011-07-11 22:42:39 GMT
    People are coming back to Las Vegas and spending more cash which seems to be signs that the economy is on the path to recovery.
  • Friday, June 3 2011 2:33 AM EDT2011-06-03 06:33:26 GMT
    The 2011 World Series of Poker is underway at The Rio. Today's players do more than just play cards at the table.
  • Friday, June 3 2011 2:17 AM EDT2011-06-03 06:17:18 GMT
    Station Casinos and the Culinary Union are locked in a battle for public opinion. Police arrested two hundred union workers Thursday night following a protest Station Casinos called a "stunt".
  • Friday, May 27 2011 10:39 AM EDT2011-05-27 14:39:26 GMT
    Lake Las Vegas is showing signs of a comeback. After being shut down for more than a year, Casino MonteLago held its grand reopening Thursday night. The event included a VIP party and fireworks show.
  • Monday, May 23 2011 2:15 PM EDT2011-05-23 18:15:09 GMT
    Affinity Gaming LLC is shedding the Herbst Gaming name following bankruptcy reorganization and the departure of Herbst family members.
  • Tuesday, May 17 2011 10:12 AM EDT2011-05-17 14:12:38 GMT
    After nearly 59 years on the Las Vegas Strip, the Sahara hotel and casino closed its doors for good Monday. More than 1,000 workers lost their jobs. Although they knew this day was coming, it didn't make saying goodbye any easier.
  • Tuesday, May 10 2011 2:00 AM EDT2011-05-10 06:00:42 GMT
    The first-ever National Symposium on Smoke-Free Casinos is taking place in Las Vegas this week. Many states have banned smoking in public places, but Nevada casinos are bucking the anti-tobacco trend.
  • Wednesday, May 4 2011 12:39 PM EDT2011-05-04 16:39:30 GMT
    Things are finally looking up for the nation's casinos: Revenue at the more than 480 gambling halls increased for the first time in three years, up nearly 1 percent to $34.6 billion.
  • Wednesday, April 20 2011 1:34 PM EDT2011-04-20 17:34:31 GMT
    Federal prosecutors say they expect Internet poker companies whose employees are being prosecuted to return money to players, and they're reactivating two domain names to make it easier for that to happen.
  • Tuesday, April 19 2011 9:59 AM EDT2011-04-19 13:59:42 GMT
    The federal government shut down several major online poker sites Friday, charging 11 executives with bank fraud, money laundering and violation of gambling laws. The crackdown reignites the debate over whether Internet betting should be legal.
  • Tuesday, April 12 2011 6:48 PM EDT2011-04-12 23:48:37 GMT
    A Nevada legislative panel has amended and approved a bill that would pave the way for Internet gambling.
  • Friday, April 8 2011 12:48 PM EDT2011-04-08 16:48:11 GMT
    Nevada casino winnings dropped almost 7 percent in February compared with the same month in 2010, and state monthly tax revenues decreased more than 11 percent compared with a year ago.
  • Tuesday, April 5 2011 1:43 PM EDT2011-04-05 18:43:18 GMT
    The Epsilon security breach, first reported March 31, involves the theft of e-mail addresses and consumer names of hundreds of clients.  Epsilon is responsible for much of today's direct marketing campaigns. Read more for tips on what you can do to protect yourself now.
  • Tuesday, March 29 2011 2:15 AM EDT2011-03-29 06:15:41 GMT
    Gas prices are soaring, reaching an average of $3.72 per gallon in Las Vegas as of Monday night. If this upward trend continues, some analysts fear the gaming industry's rebound is in jeopardy.
  • Saturday, March 26 2011 2:01 AM EDT2011-03-26 06:01:03 GMT
    Many people believe Nevada should create a state lottery to bring in much needed revenue, but previous efforts to create a state lottery have failed. The latest legislative bill comes up for debate next week.
  • Thursday, March 24 2011 6:49 PM EDT2011-03-24 22:49:52 GMT
    Online poker is one of the fastest-growing online industries and now there's a move to legalize it in Nevada. Would it help or hurt local casinos?
  • Friday, March 11 2011 7:57 AM EST2011-03-11 12:57:21 GMT
    Some Nevada lawmakers want the state to be the first to regulate the multibillion dollar, quasi-legal Internet poker industry
  • Thursday, March 10 2011 12:40 PM EST2011-03-10 17:40:23 GMT
    Gambling regulators say Nevada casino winnings increased slightly in January, and the state reaped more in taxes as a result.
  • Thursday, March 3 2011 2:00 AM EST2011-03-03 07:00:49 GMT
    NFL owners and players are locked in a multi-billion dollar stare-down regarding a new contract. If the owners order a lockout that cancels the NFL's 2011-2012 season, Nevada's economy would face a serious blow.
  • Thursday, February 10 2011 4:39 PM EST2011-02-10 21:39:20 GMT
    Casino operator Wynn Resorts Ltd. says it reversed a fourth-quarter loss, thanks in part to opening a new resort in Macau in April that boosted Wynn's quarterly revenue in the Chinese enclave by 79 percent.
  • Thursday, February 10 2011 10:49 AM EST2011-02-10 15:49:11 GMT
    State gambling regulators say Nevada casino winnings edged up a slight 0.1 percent in 2010, compared with a year earlier.
  • Tuesday, February 8 2011 4:20 PM EST2011-02-08 21:20:36 GMT
    The Nevada Gaming Control Board released figures Tuesday showing that $87.5 million was wagered in Nevada's 183 sports books for the Super Bowl.
  • Monday, February 7 2011 6:57 PM EST2011-02-07 23:57:43 GMT
    Station Casinos says they are launching Nevada's largest gaming advertising campaign. Stations is rebounding from bankruptcy, and the company hopes their "We Love Locals" push will bring some love, and profits, their way.
  • Saturday, February 5 2011 9:40 PM EST2011-02-06 02:40:49 GMT
    Thousands of visitors are in Las Vegas for the Super Bowl, a big UFC fight and to celebrate Chinese New Year. It will mean millions of dollars to the local economy.
  • Thursday, February 3 2011 8:09 PM EST2011-02-04 01:09:14 GMT
    People across Asia rang in the year of the rabbit Thursday. Chinese New Year is one of most important festivities for many Asians and Las Vegas is cashing in on the celebration.
  • Thursday, February 3 2011 5:04 PM EST2011-02-03 22:04:55 GMT
    Casino-resort developer and operator Las Vegas Sands Corp. is reporting that it earned $273 million during the fourth quarter of 2010 thanks to soaring revenue in Macau and Singapore.
  • Thursday, February 3 2011 2:00 AM EST2011-02-03 07:00:55 GMT
    Authorities believe a ring of cheats scammed Las Vegas casinos for more than a million dollars while playing baccarat. The Nevada Gaming Control Board says the players used high-tech methods. Now, the gaming industry and security experts are on high alert.
  • Tuesday, February 1 2011 1:44 PM EST2011-02-01 18:44:14 GMT
    Casino operator MGM Resorts International has agreed to license and operate a non-gambling MGM Grand resort in the Indian city of New Delhi.
  • Monday, January 31 2011 12:55 PM EST2011-01-31 17:55:17 GMT
    Nevada gambling regulators say the state's largest casinos lost $3.4 billion during the fiscal year that ended last June 30
  • Tuesday, January 11 2011 2:00 AM EST2011-01-11 07:00:13 GMT
    New research shows more modern slot machines are helping fuel gambling addiction. The research resonates in Las Vegas and gained national exposure this week on CBS' 60 Minutes.
  • Tuesday, January 4 2011 11:05 AM EST2011-01-04 16:05:53 GMT
    An analyst boosted his rating for casino operator Wynn Resorts Ltd. on Tuesday, saying the casino operator is likely to see continued strength in Macau in 2011.
  • Monday, January 3 2011 3:54 PM EST2011-01-03 20:54:57 GMT
    Casino operator Las Vegas Sands Corp. says it has promoted Rob Goldstein to president of global gaming operations.
  • Thursday, December 30 2010 8:19 PM EST2010-12-31 01:19:54 GMT
    Another Las Vegas casino has stepped in to help the Salvation Army after $13,000 was stolen over the Christmas weekend.
  • Friday, December 17 2010 6:41 PM EST2010-12-17 23:41:49 GMT
    Gov. Jim Gibbons and Gov.-elect Brian Sandoval announced the appointment of two new members to the Nevada Gaming Control Board. Both are experienced veterans in casino regulation.
  • Thursday, December 16 2010 1:37 AM EST2010-12-16 06:37:33 GMT
    The newest hotel and casino on the Strip is now open for business. Crowds gathered at the Cosmopolitan Wednesday night ready to get their first look at the last high-end resort to open in Las Vegas for the foreseeable future.
  • Wednesday, December 15 2010 6:33 PM EST2010-12-15 23:33:30 GMT
    The recession sank southern Nevada, with record unemployment and the nation's highest unemployment rate. But a new economic forecast suggests the state may be on the rebound.
  • Wednesday, December 15 2010 5:47 PM EST2010-12-15 22:47:34 GMT
    The newest resort on the Las Vegas Strip opens at 8 p.m. Wednesday. It is opening in some pretty tough times for the local economy. The multi-million dollar Cosmopolitan has 2,000 hotel rooms, a 100,000 square foot casino and more than a dozen restaurants.
  • Monday, December 13 2010 4:25 PM EST2010-12-13 21:25:28 GMT
    An iconic downtown Las Vegas casino that closed its hotel rooms and coffee shop one year ago is cutting more costs by closing its valet. A spokeswoman for the 59-year-old casino says about 10 employees were affected in closing the valet.
  • Thursday, December 9 2010 12:55 PM EST2010-12-09 17:55:59 GMT
    State regulators say casinos in Nevada reported winnings up 11 percent in October from the same month a year earlier. The Nevada Gaming Control Board said Thursday the state collected just over $60 million in taxes based on casino gambling revenues of almost $889 million for the month.
  • Friday, November 26 2010 4:36 PM EST2010-11-26 21:36:22 GMT
    Las Vegas casino operator Pinnacle Entertainment Inc. said Friday it has reached a deal to buy Cincinnati's River Downs Racetrack for $45 million.
  • Tuesday, November 23 2010 1:06 PM EST2010-11-23 18:06:01 GMT
    Harrah's Entertainment Inc., the world's largest casino company, has changed its name to Caesars Entertainment Corp.
  • Monday, November 22 2010 4:49 PM EST2010-11-22 21:49:06 GMT
    Shares of MGM Resorts International rose Monday after a Sterne, Agee & Leach analyst said that the casino company believes its revenue per available room on the Las Vegas Strip is climbing in the third and fourth quarters compared with a year ago, and indicated it currently has more hotel room nights booked for the first quarter than it did at this time last year.
  • Thursday, November 18 2010 5:52 PM EST2010-11-18 22:52:00 GMT
    A casino industry analyst says slot machine manufacturers are discounting prices and pinning hopes on new kinds of revenue while casinos hold back on spending to update their floors.
  • Investigative Reporter Jonathan Humbert and Photojournalist Alex Brauer

    Tuesday, November 16 2010 6:15 PM EST2010-11-16 23:15:03 GMT
    The G2E gaming conference is happening this week at the Las Vegas Convention Center and it is the showcase for new slot machines, gambling technology and mobile gaming, and America is behind the times, pure and simple.
  • Friday, November 12 2010 5:49 PM EST2010-11-12 22:49:48 GMT
    Billionaire investor Kirk Kerkorian now owns just over one quarter of casino company MGM Resorts International after selling 4.17 million shares for $52.2 million.
  • Friday, November 12 2010 10:41 AM EST2010-11-12 15:41:37 GMT
    The owner of Fitzgeralds casinos in Nevada, Mississippi and Colorado has filed a lawsuit against the operator of a website with a similar name to the online home of its Las Vegas casino.
  • Thursday, November 11 2010 2:00 AM EST2010-11-11 07:00:21 GMT
    The I-Team has been looking through thousands of pages of expense reports for some of the most powerful agencies in Nevada to see how tax dollars are spent. In this report, the I-Team examines the Nevada Gaming Commission.
  • Wednesday, November 10 2010 12:23 PM EST2010-11-10 17:23:26 GMT
    Casinos in Nevada had revenue of nearly $918 million in September, an increase of less than one percent compared with the same month last year.
  • Thursday, November 4 2010 10:48 AM EDT2010-11-04 14:48:24 GMT
    The Hard Rock hotel and casino is facing financial troubles. The property completed a $750 million expansion project this year but is suffering in Las Vegas' tough market.
  • Thursday, October 28 2010 2:29 PM EDT2010-10-28 19:29:06 GMT
    Casino company MGM Resorts International says it has raised $486 million through its offer of $500 million in notes priced slightly below face value.
  • Thursday, October 28 2010 2:00 AM EDT2010-10-28 07:00:33 GMT
    The Las Vegas Strip is showing signs of economic life, but don't expect a full recovery anytime soon. A new report predicts the valley's economic struggles will linger in 2011.
  • Wednesday, October 27 2010 7:36 PM EDT2010-10-28 00:36:10 GMT
    Casino operator Las Vegas Sands Corp. says it earned $168 million during the third quarter on a record $1.91 billion in revenue with help from strong business in China and a new casino in Singapore.
  • Thursday, October 21 2010 4:48 PM EDT2010-10-21 21:48:59 GMT
    Nevada gambling regulators on Thursday approved a gambling license for the $3.9 billion Cosmopolitan of Las Vegas hotel-casino, clearing a path for what's expected to be the last new Las Vegas Strip casino for a while.
  • Wednesday, October 13 2010 1:27 PM EDT2010-10-13 18:27:56 GMT
    Casino company MGM Resorts International hopes to raise as much as $595 million by pricing 47 million new shares at $12.65 each.
  • Tuesday, October 5 2010 2:06 PM EDT2010-10-05 19:06:50 GMT
    The El Cortez Hotel & Casino in downtown Las Vegas is celebrating Jackie Gaughan's 90th birthday by renaming its walkway to Las Vegas Boulevard.
  • Monday, September 27 2010 5:54 PM EDT2010-09-27 22:54:27 GMT
    MGM Resorts International is planning an initial public offering of its joint venture in China on the Hong Kong Stock Exchange.
  • Monday, September 13 2010 7:36 PM EDT2010-09-14 00:36:09 GMT
    More than 400 people will lose their jobs just before the holiday season begins as the Plaza Hotel in downtown Las Vegas closes.
  • Friday, September 10 2010 10:49 AM EDT2010-09-10 15:49:30 GMT
    Regulators say monthly casino winnings in Nevada continued to slide in July, dropping 4.9 percent.
  • Monday, August 16 2010 11:27 PM EDT2010-08-17 04:27:53 GMT
    Private casino operator Station Casinos Inc. says it lost $69.6 million during the second quarter as revenue dropped and it spent nearly $38 million on its bankruptcy reorganization.
  • Saturday, August 14 2010 9:55 PM EDT2010-08-15 02:55:17 GMT
    The Las Vegas Convention and Visitors Authority says the average daily room rate in Las Vegas in June climbed 6%. That's good news for the valley's casinos, but that upward trend may soon stop.
  • Thursday, August 12 2010 10:49 AM EDT2010-08-12 15:49:03 GMT
    Regulators say monthly casino winnings in Nevada were down more than 6.6 percent in June, pushing the overall decrease for the fiscal year to 4.3 percent.
  • Thursday, August 12 2010 2:00 AM EDT2010-08-12 07:00:21 GMT
    Nevada is getting more competition. In an effort to generate revenue, other states are loosening restrictions on gaming and allowing casinos to open. The trend leaves many wondering about the long-term effect on Nevada's gaming industry.
  • Wednesday, August 4 2010 3:44 PM EDT2010-08-04 20:44:37 GMT
    Casino operator Harrah's Entertainment Inc. says it lost $274 million during the second quarter as customers gambled less.
  • Saturday, July 31 2010 2:00 AM EDT2010-07-31 07:00:55 GMT
    It's been debated for years, but could legalized and regulated Internet gambling in the United States soon become a reality? U.S. Rep. Barney Frank (Massachusetts-D) is pushing a bill to lift the federal ban on web betting, and the idea is gaining support in Nevada.
  • Friday, July 30 2010 6:17 PM EDT2010-07-30 23:17:25 GMT
    Boyd Gaming Corp. says it's no longer interested in buying certain assets of its rival regional casino operator, Station Casinos Inc.
  • Thursday, July 29 2010 6:06 PM EDT2010-07-29 23:06:16 GMT
    Casino operator Wynn Resorts Ltd. says its second quarter profit doubled to $52.4 million with help from its new resort in the Chinese gambling enclave of Macau.
  • Thursday, July 15 2010 2:00 AM EDT2010-07-15 07:00:06 GMT
    It was long billed as the next frontier of Las Vegas Strip redevelopment. But in recent years, the north end of the Strip has struggled. Two casino-hotel developments have stalled. Major projects never left the drawing board, and this week, the Riviera announced it's filing for bankruptcy protection.
  • Wednesday, July 7 2010 8:59 PM EDT2010-07-08 01:59:11 GMT
    Nevada's latest gaming numbers paint a bleak picture at first glance. The Silver State's casino winnings for the month of May were down 4.7 percent over the same month last year.
  • Wednesday, July 7 2010 4:31 PM EDT2010-07-07 21:31:47 GMT
    Regulators say monthly casino winnings in Nevada decreased 4.7 percent in May, to a little more than $889 million, compared with the same month a year ago.
  • Tuesday, June 22 2010 5:57 PM EDT2010-06-22 22:57:43 GMT
    A casino analyst for Moody's Investors Service says the industry may have hit bottom after more than two years of declines.
  • Tuesday, June 15 2010 7:47 PM EDT2010-06-16 00:47:22 GMT
    International tourists are known to stay longer and spend more money while in Las Vegas. One way to lure them is to offer a direct flight from their home country.
  • Tuesday, June 15 2010 2:35 PM EDT2010-06-15 19:35:09 GMT
    Shareholders have approved changing the name of MGM MIRAGE to MGM Resorts International to better reflect their strategy.
  • Wednesday, June 9 2010 10:43 AM EDT2010-06-09 15:43:27 GMT
    Regulators say monthly casino winnings in Nevada decreased 5.7 percent in April, to a little more than $810 million, compared with the same month a year ago.
  • Friday, May 28 2010 6:40 PM EDT2010-05-28 23:40:16 GMT
    A federal bankruptcy judge in Nevada has approved a plan to auction 11 Station Casinos properties on the open market.
  • Wednesday, May 26 2010 12:00 AM EDT2010-05-26 05:00:35 GMT
    The chief executive of casino operator Harrah's Entertainment Inc. was paid $5.97 million in 2009, less than one-sixth as much as the $39.6 million he made in 2008.
  • Tuesday, May 25 2010 10:40 PM EDT2010-05-26 03:40:34 GMT
    Owners of the Hard Rock Hotel & Casino in Las Vegas have named Joseph Magliarditi as its new president and chief executive, replacing an executive whom authorities say shot and killed himself in March.
  • Friday, May 21 2010 12:20 PM EDT2010-05-21 17:20:17 GMT
    Wealthy card sharks have a new exclusive table on the Las Vegas Strip that honors one of the game's most famous players.
  • Thursday, May 20 2010 6:34 PM EDT2010-05-20 23:34:28 GMT
    Las Vegas Sands Corp. says it has secured $1.75 billion in financing to build its next two phases of development in Macau.
  • Tuesday, May 11 2010 11:10 AM EDT2010-05-11 16:10:37 GMT
    The state Gaming Control Board reported Tuesday that Nevada casino winnings were down less than 1 percent year-to-year, after winning $918 million in March 2009.
  • Tuesday, May 4 2010 2:25 PM EDT2010-05-04 19:25:39 GMT
    Casino operator Boyd Gaming Corp. says it returned to a first-quarter profit as cost cuts helped offset a drop in gambling revenue and forecast growth in the second half of the year.
  • Thursday, April 29 2010 5:44 PM EDT2010-04-29 22:44:14 GMT
    Casino operator Wynn Resorts Ltd. did better than expected in the first quarter, benefiting from higher revenue in China and Las Vegas, and it turned a profit in contrast with a loss a year earlier.
  • Monday, April 26 2010 10:28 AM EDT2010-04-26 15:28:54 GMT
    An Associated Press analysis shows billionaire Sheldon Adelson received $5.58 million in 2009 as the chairman and chief executive of casino-resort developer and operator Las Vegas Sands Corp.
  • Friday, April 23 2010 11:30 PM EDT2010-04-24 04:30:42 GMT
    Billionaire Sheldon Adelson was paid $5.58 million in 2009 as the chairman and chief executive of casino-resort developer Las Vegas Sands Corp., according to an Associated Press analysis of a regulatory filing Friday.
  • Thursday, April 22 2010 5:45 PM EDT2010-04-22 22:45:27 GMT
    Casino operator Boyd Gaming Corp. is objecting to a proposed bankruptcy plan by rival Station Casinos Inc., saying it devalues certain properties that would be sold under a court auction.
  • Thursday, April 22 2010 2:00 AM EDT2010-04-22 07:00:35 GMT
    Downtown Las Vegas is struggling. That is the bottom line from research firm Union Gaming Group, which reports downtown earnings are declining despite efforts to bring visitors to the area.
  • Wednesday, April 21 2010 8:38 PM EDT2010-04-22 01:38:29 GMT
    MGM Mirage CEO Jim Murren got a $13.75 million pay package in 2009, his first full year as the casino operator's top executive, according to an Associated Press analysis of a regulatory filing the company made late Tuesday.
  • Monday, April 19 2010 11:30 PM EDT2010-04-20 04:30:22 GMT
    Station Casinos Inc.'s owners and some of its lenders have agreed to make a $772 million opening bid at a proposed bankruptcy auction for most of the company's properties, Station Casinos said Monday.
  • Wednesday, April 14 2010 4:32 PM EDT2010-04-14 21:32:54 GMT
    MGM Mirage Inc. named industry veteran Burton Cohen as a board member, the casino operator said Wednesday.
  • Tuesday, April 13 2010 8:51 AM EDT2010-04-13 13:51:02 GMT
    Tourism officials in Las Vegas say the city has been picked to host an international summit next year for tourism leaders from around the world.
  • Friday, April 9 2010 9:22 AM EDT2010-04-09 14:22:19 GMT
    Philadelphia's mayor says he's shocked to hear Wynn Resorts is dropping its bid to rescue a troubled waterfront casino project in his city
  • Thursday, April 8 2010 8:57 PM EDT2010-04-09 01:57:55 GMT
    Regulators say casinos on the Las Vegas Strip did better in February, pushing gambling winnings up almost 14 percent statewide compared with a dismal month in 2009.
  • Wednesday, April 7 2010 2:44 PM EDT2010-04-07 19:44:15 GMT
    The CEO of the new $3.9 billion Cosmopolitan of Las Vegas casino says it will open in mid-December with about one-third of its rooms delayed until July 2011.
  • Tuesday, April 6 2010 11:55 AM EDT2010-04-06 16:55:15 GMT
    MGM Mirage's Luxor hotel and casino is in a legal fight over whether it can use the name "Liquidity" for one of its bars.
  • Tuesday, April 6 2010 11:13 AM EDT2010-04-06 16:13:00 GMT
    A trade group for casino equipment manufacturers says it has added three new companies as members.
  • Monday, April 5 2010 3:05 PM EDT2010-04-05 20:05:27 GMT
    An Associated Press analysis shows that billionaire Steve Wynn's compensation as chief executive of Wynn Resorts changed little in 2009 as the casino operator struggled in Las Vegas.
  • Thursday, April 1 2010 10:32 AM EDT2010-04-01 15:32:15 GMT
    Harrah's Entertainment says it has finished integrating the Planet Hollywood Resort & Casino into its Total Rewards loyalty program.
  • Tuesday, March 30 2010 6:15 PM EDT2010-03-30 23:15:17 GMT
    UNLV has just released a new report that details the significant transformation that has taken place on the Las Vegas Strip in the last 10 years.
  • Tuesday, March 30 2010 3:08 PM EDT2010-03-30 20:08:05 GMT
    Nevada OSHA will soon begin the process of auditing Nevada's employers through OSHA's Federal Recordkeeping National Emphasis Program.
  • Monday, March 29 2010 10:51 AM EDT2010-03-29 15:51:13 GMT
    The primary contractor for the newly completed $8.5 billion CityCenter complex has filed a lawsuit seeking $492 million for unpaid construction work.
  • Friday, March 26 2010 11:08 AM EDT2010-03-26 15:08:43 GMT
    The unemployment rate in Las Vegas rose another notch toward 14 percent in February even though employers added more jobs.
  • Thursday, March 25 2010 8:41 PM EDT2010-03-26 00:41:55 GMT
    It's one of the largest corporate bankruptcies in Nevada history. Station Casinos announced Thursday its plan to save some of its properties while potentially selling off more than a dozen others.
  • Thursday, March 25 2010 9:38 AM EDT2010-03-25 13:38:07 GMT
    Station Casinos and its subsidiaries have announced that they have filed a Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code.

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