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Las Vegas News - Page 284

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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.

Gaming regulators may allow wagering on Olympics

The only question is whether or not the betting would be allowed on all Summer and Winter Olympics events, or just a handful of popular competitions.

Caesars places largest operating division into bankruptcy

The pre-packaged filing covering Caesars Entertainment Operating Co. has been agreed upon by 80 percent of the company's senior bondholders.

Vegas by the numbers: A 2014 recap

40 million Las Vegas visitors indulged in over-the-top shows, extravagant meals and luxurious spa treatments, marking another impressive year.

New roster of brand restaurants makes Strip debut

An impressive variety of brand restaurants have debuted recently on the Strip, including Smashburger and New York City-based Shake Shack.

Defendants in World Cup betting case want poker ban lifted

Paul Phua and his son, Darren Phua, were among eight defendants charged in a multimillion-dollar scheme that accepted wagers on the World Cup soccer tournament in Brazil last year.

Shareholders to vote Feb. 10 on GTECH-IGT merger

The vote will be held at The Signature at MGM Grand Las Vegas.

Culinary extends olive branch to new owners of Cosmopolitan Las Vegas

The Cosmopolitan’s previous owners, Germany-based Deutsche Bank, wanted to sell the hotel-casino and didn’t want a union agreement potentially holding up a deal.

MGM Resorts to hold a job fair for 700 Las Vegas summer positions

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.

Quick Guide: Vegas New Year's Eve

Tonight will see some spectacular fireworks display in Las Vegas.

Inside Gaming: The shape of things to come for Caesars

It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly leveraged affiliate Caesars Entertainment Operating Co.

Malaysian official intervenes in illegal betting case

Ahmad Zahid Hamidi, Malaysia’s minister of home affairs, sent a letter earlier this month to Deputy FBI Director Mark Giuliano in Washington rebutting FBI claims that the lead defendant in the high-stakes betting case is tied to a powerful Chinese crime syndicate

Caesars says 39 percent of creditors agree to restructuring plan

Caesars spelled out much of the reorganization plan, in which Caesars Entertainment Operating Co. would be restructured through a prepackaged bankruptcy in January.

Major events underscore business news in Las Vegas in 2014

Whatever this state does, it does big. When it booms, it leads the nation in growth. When it busts, well — that’s epic, too.

Casino City Gang: Reversal of fortune edition

Casino City's Vin Narayanan and Aaron Todd discuss Sen. Harry Reid's waffling on online gaming as he prepares for his demotion to Senate minority leader next year, the main operating unit of Caesars Entertainment announcing its decision to file for bankruptcy and the new World Series of Poker schedule, which includes a $565 tournament. And, as always, they close show by picking every NFL game this weekend against the spread.

2015 WSOP to begin May 27; opening weekend to feature $565 "Colossus"

The 2015 World Series of Poker will be held from May 27 - July 14, and this year the tournament series will feature a $565 buy-in "Colossus" with a $5 million guaranteed prize pool.

Judge to decide on evidence in World Cup illegal betting case

Lawyers for wealthy Malaysian businessman Paul Phua and his son, Darren Phua, are seeking to get evidence seized in a July 9 raid at luxury Caesars Palace villas tossed out of court.

Nevada Gaming Commission OKs $1.73B Cosmopolitan sale

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.

Nazarian issues apologies, and gaming regulators OK limited license

Sam Nazarian said he was sorry for past dealings with Derrick Armstrong, a convicted felon from Los Angeles who allegedly extorted $3 million from him by threatening his family and SBE employees.

Agent testifies about raid on gambling operation

Ricardo Lopez, who worked undercover for the FBI during the investigation, testified in federal court that a Caesars security officer who had tipped off authorities to the gambling operation told him a top company executive was complaining about not being in the loop of the investigation.

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