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Henderson News - Page 14

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Station Casinos upbeat about jobs from new Strip project

The $4 billion Resorts World Las Vegas project is expected to create 30,000 new construction jobs.

Two casino companies report improved first-quarter results

Two casino companies with Nevada ties had improved first-quarter results, including Las Vegas-based Pinnacle Entertainment which reported record net revenue.

Suicide at M Resort blamed on loss of free buffet for life

The day before he put a gun to his head and killed himself at an M Resort buffet on Easter, a Las Vegas man filled a box with his complaints against the resort and its employees and mailed it to the Las Vegas Review-Journal.

Hedge fund proposes REIT split for MGM Resorts

MGM Resorts Chairman Jim Murren discussed the company forming a REIT last month during a quarterly conference call.

REIT offers to buy real estate of Pinnacle Entertainment

Gaming and Leisure Properties Inc. said in a statement the proposed transaction would create the third-largest triple-net REIT by enterprise value.

Inside Gaming: Real estate investment trust concept could happen for MGM Resorts

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

A revived locals market could push Station Casinos to IPO

During the Station Casinos’ fourth-quarter earnings conference call a week ago, an analyst asked if the privately held casino company would be publicly traded once again.

Station Casinos upbeat about locals gaming market

The company reported revenue and cash flow figures that were at levels not seen since 2008.

M Resort player hits $890,863 jackpot

On Sunday a lucky M Resort player hit the jackpot playing the quarter WMS progressive Monopoly Luxury Diamonds, receiving a total payout of $860,863.

Hollywood Poker Open Championship Weekend dates announced

The Season 3 Championship Event will be held June 26-28 at Las Vegas M Resort Spa Casino. New additions include a Tour Leaderboard, a Seniors Championship and Seniors Tour Leaderboard.

One-time charge hurts Penn National fourth quarter results

Penn National said its net loss of $250.4 million for the quarter that ended Dec. 31 was primarily due to a $316.5 million non-cash charge.

Old school: Takeover of Stardust an easy call for Bill Boyd

Bill Boyd said a 1983 decision to take over management of the troubled Stardust was an easy choice.

To win locals' hearts, Boyd renews appeal to stomachs

Boyd is planning additional restaurant renovation at the Suncoast, Orleans and other locals properties.

Station Casinos grows third-quarter revenue, cash flow

The casino operator on Wednesday said its overall revenue for the quarter that ended Sept. 30 was $311 million, a 2.1 percent increase and the company’s largest third-quarter figure since 2008.

Station Casinos makes the effort to help schools

The company hosted its annual Smart Start breakfast this month and awarded $50,000 — $5,000 each — to 10 elementary schools designated by the Clark County School District as needing the greatest assistance for students.

MGM Resorts sells Gold Strike to JETT Gaming

The transaction, which needs approval by Nevada gaming regulators, is the second sale of a small casino by MGM Resorts this year.

Gaming Insider: Social casino revenue headed above $2.7 billion

The growing activity is one reason Station Casinos signed on with the myVegas social gaming site.

Developer buying Railroad Pass from MGM

Railroad Pass is being acquired by Henderson-based commercial real estate developer Joe DeSimone.

Station Casinos says customers still hesitant to spend

The company said it increased revenue and cash flow in the second quarter despite the struggles of a challenging market.

Orange Capital again wants Pinnacle Entertainment to split off REIT

Orange Capital believes Pinnacle’s share price could increase between 60 percent and 90 percent in value if the Las Vegas-based company were to create a REIT.

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