Las Vegas News - Page 273

The owner of the Golden Gate has worked there since he was 12 and takes pride in Las Vegas's development into a world-class city.

While plans for the MGM-AEG project's have not yet been released, officials promise that there will not be the usual "sea of pavement" outside the arena.

The beleaguered casino operator filed a statement late on Friday saying it had reached an "amended restructuring support agreement." Its restructuring plans remain the same.

Net revenues were down compared to the second quarter of 2014, largely as a result of the ongoing revenue decline in the Macau market.

This Week in Gambling, J Todd discusses the shutdown of more than 10 online casinos following their owners' recent arrests. He also dives into sports betting news, industry mergers and a fire at The Cosmopolitan Las Vegas.

Wynn Resorts chairman Steve Wynn reports that the decline in high-end baccarat play in Macau has been felt throughout the company, but that its business outside Macau remains "comfortable."

A spokesman for MGM has declined to comment on the rumored transaction, but Wall Street analysts predict that The Mirage could sell for between $1 billion and $1.5 billion.

The first trees have been planted at the simply named Park, an MGM Resorts project that aims to provide a cool, natural refuge in the urban Strip.

Las Vegas saw 3.6 million visitors last month, a 2.4 percent increase year-over-year.

Ivory Gaming founder Christian Goode sees opportunity in overseeing the reopening of the Chukchansi Gold Resort & Casino near Fresno.

The county requires cabanas to be made of non-combustible materials and placed at least 20 feet away from any fuel-fired equipment.

The recent spate of closings at the beleaguered condo tower, which was built right before the recession hit, is the result of lavish upgrades, an innovative lending strategy and optimism about the prospects for the downtown area of the city.

The incident caused "way over" $5,000 worth of property damage and prompted an MGM spokeswoman to remind guests that the fountains are "not a swimming pool."

The fire shut down the Strip for about an hour and forced the partial evacuation of the Cosmopolitan.

The changes scrubbed away any remnants of the Strip resort's life as the Imperial Palace and the Quad.

While REITs are a popular investment choice for casinos, Boyd has repeatedly stated that it will not comment on the possibility of forming one until it has definitive plans.

Poker Central's high-rolling celebrity poker tournament, which will air on NBCSN, pits movie and TV stars against some of the most well-respected names in poker.

While the company did still turn a profit, it reported a 19.4 percent decline in revenues and a 30.1 percent decline in profits from last quarter.

Several bars, restaurants and clubs have shut down recently in Las Vegas's revitalizing downtown core.

Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.