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Henderson News - Page 14

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Pinnacle Entertainment considers new proposal from GLPI

GLPI, an REIT spun off of Penn National Gaming, has repeatedly offered to acquire Pinnacle's real estate holdings, rather than having Pinnacle create its own REIT.

Summerlin planning biggest Fourth of July parade in Nevada

The Western Las Vegas Valley expects upwards of 30,000 attendees for its Fourth of July parade, and other festivities are planned across the state.

Pinnacle Entertainment planning a deal with GLPI

Talks have been ongoing, and analysts believe a deal is likely to be signed sooner rather than later.

Boyd Gaming optimistic about Las Vegas locals market

Boyd Gaming CEO Keith Smith says the area's economy is improving and cites growth in gaming and nongaming revenue in the past quarter.

Penn National names top execs for Las Vegas properties

Former M Resort president Anthony Marnell III will take on a strategic consulting role at M Resort and the Tropicana. Penn National named Bob Sheldon the new president of M Resort.

Nevada Gold signs agreement to acquire Club Fortune

The $14.2 million acquisition will expand Nevada Gold's geographic diversity, the deal is expected to close in spring of 2016.

Nevada Gold moves to acquire Club Fortune Casino

The Henderson casino would be the Las Vegas-based company's first gaming property in the state of Nevada.

Inside Gaming: Purchase of Tropicana Las Vegas keeps alive Rat Pack-era name

The transaction, which is expected to close by the end of the year, not only gives Penn its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.

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.

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