Bellagio News - Page 13

With millennials largely uninterested in traditional slots, gaming manufacturers are looking at skill-based gaming and smartphone-like electronic tables to target a generation acclimated to free electronic skill games.

Bill Foley has collected over 13,000 season ticket commitments toward his goal of establishing an NHL team in Las Vegas.

Gaming industry representatives say the proposal to lower the WG-2 threshold on winnings from $1,200 to $600 would do little to generate tax revenue and much to generate extra paperwork.

Segway was banned from Las Vegas sidewalks in 2006 along with rickshaws and pedicabs, but the company has been seeking to build public support to obtain a special exemption.

MGM Resorts plans to focus on expanding and improving its existing properties on the Strip, and opening new casinos in other parts of the world.

Wynn Resorts stock on Monday closed below $100 per share for the first time since December 2010 after Macau reported its 12th straight monthly dip.

Proxy battles are common in corporate America, but they can be time-consuming and expensive. In the past several years, the gaming industry has become embroiled in many proxy battles.

MGM becomes the latest Las Vegas operator to leave Nevada Power and purchase its own electricity on the wholesale market, joining Wynn Resorts and Las Vegas Sands.

New York-based Land and Buildings Investment Management says "substantial insider shareholders" were resistant to changing the company's board.

Olivia Brown has more than 25 years experience in the hospitality industry, most recently serving as general manager of the Ritz-Carlton Boston Commons.

Spain has more than 200,000 slot machines countrywide. The payouts are not life-changing for the customers, and the gaming revenue doesn't move the needle for operators.

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

The head of the New York-based private equity fund is wagering $1.73 billion it can make The Cosmopolitan of Las Vegas a shining jewel on the Strip.

MGM Resorts International will hold a job fair Wednesday at the Mandalay Bay Events Center to hire more than 500 permanent positions at 12 of the company’s Strip-area resorts.

Bloomberg News reported Wednesday that Vice Media Inc. CEO Shane Smith sprung for the dinner following a lucky run at the casino’s blackjack tables.

MGM Resorts International Chairman Jim Murren told analysts and investors Tuesday there were “encouraging signs” of increased customer spending at his company’s 10 Strip resorts in the past few months.

Jon Jerde was founder and chairman of the Jerde Partnership, a design studio based in Venice, Calif.

Analysts believe the Strip will continue its rebound, although gaming won’t be the primary reason.

The career fair will be held in the MGM Grand Conference Center, 4701 Koval Lane, inside the marquee ballroom on Tuesday from 10 a.m. to 4 p.m. and Wednesday from 1 p.m. to 7 p.m.

The Nevada Gaming Commission Thursday signed off on the $1.73 billion purchase of Strip resort by Blackstone Real Estate Partners VII, a division of New York City-based Blackstone Group.