Las Vegas News - Page 282

U.S. District Judge Andrew Gordon immediately sentenced Phua, 23, to five years of unsupervised probation on condition he stay out of the United States during that period.

Gov. Brian Sandoval’s $1.1 billion tax package to fund education and other services includes a new slot machine tax on restricted gaming license holders with more than 500 machines or revenue of $10 million or more.

In a proxy filing with the Securities and Exchange Commission, Wynn Resorts said it was reducing its Class I board members from three to two and said the board decided not to renominate Wynn to serve as a director.

Caesars Chairman and CEO Gary Loveman said he wouldn’t answer questions regarding the status of the restructuring of Caesars Entertainment Operating Co.

In a proxy filing with the U.S. SEC Friday, Wynn Resorts said it will reduce its Class I board members from three to two.

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.

The court upheld the Clark County District Court conviction of California businessman Harel Zahavi on four counts of drawing and passing a check without sufficient funds and with the intent to defraud.

Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.

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.

In a filing with the SEC Monday, Caesars said BOKF N.A. asked for payment on $750 million in debt plus interest. Caesars said it turned down the payment demand.

If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up?

Casino operators in the north Strip area say development of a permanent, 33-acre, open-air concert venue by MGM Resorts International will facilitate increased business.

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.

Eighteen months ago, the union and The Cosmopolitan weren’t very chummy.

In a filing Wednesday with the SEC, Caesars dismissed as “meritless” a request from the Wilmington Savings Fund Society for immediate payment of $3.68 billion in principal and $185 million in interest.

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

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.

“We need a debate in Congress,” the Arizona Republican said recently. “We need to have a talk with the American people, and we need to probably have hearings in Congress on the whole issue so we can build consensus.”

The proposal, to be considered by the Nevada Gaming Commission later this month, would let bookmakers place betting lines on Olympic sporting or athletic events sanctioned by the International Olympic Committee.