Las Vegas News - Page 283
SLS builds future of its own on Sahara's past
18 August 2014
The SLS Las Vegas will be christened the Strip’s newest resort in a lavish Friday-night VIP reception, with the property unveiled to the public shortly after midnight Saturday.
Affinity Gaming sees revenue, cash flow drop15 August 2014
Las Vegas-based Affinity, which owns 11 casinos in four states, is not publicly traded but has publicly held debt.
Cosmopolitan of Las Vegas trims loss, sees revenue grow15 August 2014
The Strip resort, which operates as Nevada Property 1, said in a filing with the Securities and Exchange Commission Thursday it lost $13.6 million in the quarter that ended June 30.
Nongaming revenue helps Stratosphere, Arizona Charlie's parent14 August 2014
American Casino & Entertainment Properties said its overall net revenue for the quarter that ended June 30 increased 1.1 percent to $89.4 million.
IGT Wheel of Fortune delivers Royal $1.7 million jackpot at Excalibur in Las Vegas13 August 2014
Lucky player won $1,770,331 on Wheel of Fortune Double video slot at Excalibur Hotel & Casino in Las Vegas.
Station Casinos says customers still hesitant to spend13 August 2014
The company said it increased revenue and cash flow in the second quarter despite the struggles of a challenging market.
SLS Las Vegas operators recommended for Nevada gaming license7 August 2014
The 1,600-room resort, a redevelopment of the Rat Pack-era Sahara, is scheduled to open Aug. 23.
Clark County officials OK resort and arena plans for old Wet 'n Wild site7 August 2014
Commissioners approved a zoning change to make possible a $1.4 billion resort and arena project at the old Wet ‘n Wild site next to SLS Las Vegas on the north end of the Strip.
Spiegelworld sues The Cosmopolitan for sabotaging Vegas Nocturne6 August 2014
Spiegelworld has sued The Cosmopolitan for allegedly sabotaging its critically-acclaimed Vegas Nocturne show.
Malaysian man pleads not guilty in World Cup betting case6 August 2014
Malaysian businessman Wei Seng “Paul” Phua, the man authorities consider the ringleader of a multimillion-dollar World Cup betting scheme, pleaded not guilty in federal court Tuesday to illegal gambling charges.
New plans proposed for rundown Fremont Street motel6 August 2014
The Downtown Project, a $350 million initiative to redevelop a section of downtown with East Fremont as the spine, would transform Fergusons Motel at 11th Street.
Australian billionaire buys New Frontier site4 August 2014
The long dormant site was subject of the Strip’s most expensive real estate transaction.
Billionaire Packer linked to key Strip parcel1 August 2014
Bloomberg News Service reported Thursday that Australian billionaire James Packer had acquired a portion of the loan covering the 34.5-acre site and would consider building a hotel-casino on the land.
Caesars installs separate management in operating entity31 July 2014
The effort is part of an overall restructuring plan announced in May that eliminated more than $1 billion in debt that was due next year while providing a different ownership structure to pieces of the company.
Bellagio robbery suspect appears in court30 July 2014
Man who allegedly held up the Bellagio has to be restrained during his first court appearance in Las Vegas.
Nevada 150: The World according to Stupak30 July 2014
Casino ownership in Las Vegas has attracted its share of characters, from the mob-backed era of the 1960s and 1970s to reclusive billionaire Howard Hughes to the publicly traded corporate titans of today. Then there was Bob Stupak.
Ask the Slot Expert: Why do I lose on slots one day and win the next?30 July 2014
When is the result of a bonus spin determined? Why is it that you play slots one day and never get ahead but come back the next day and win on every machine you play? Betting advice for a penny slot.
Malaysian businessman charged in betting scheme released29 July 2014
The wealthy Malaysian businessman authorities say led a World Cup betting scheme in Las Vegas and his son were released late Monday from the custody of federal immigration officials.
Police: Bellagio robber used cash on hookers, clothes29 July 2014
The man was arrested Saturday night after a valley-wide manhunt and is being held at the Clark County Detention Center without bail.
Affinity Gaming to restructure board of directors29 July 2014
In a statement Monday, Affinity said the company reached agreement with its lenders over a possible default on a portion of its $382.7 million in long-term debt.
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