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Las Vegas News - Page 319

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Sahara employees to receive severance pay

Monday’s closing of the Sahara will put almost 400 employees out of work. SBE Entertainment is providing Sahara workers with severance pay based on years of service.

Despite strong bookings, Cosmopolitan sees quarterly loss

The Cosmopolitan of Las Vegas' first quarter of operations is in the books, and despite its high occupancy rate, the newest resort on the Strip reported a $56.8 million loss, the company said Friday.

Parent of Stratosphere, Arizona Charlie's reports $6.2 million loss

American Casino & Entertainment Properties LLC, owner of the Stratosphere, on Thursday posted a bigger first-quarter loss than a year earlier and a moderate decline in revenues.

WSOP optimistic for this year's event

World Series of Poker officials say the federal government's crackdown on PokerStars, Full Tilt Poker and Absolute Poker won't hurt participation in this year's tournament.

WSOP to stream 55 gold bracelet events

The World Series of Poker is offering fans the chance to watch final table action of 55 gold bracelet events on a five-minute delay via the Internet.

Gaming industry renews push for legal online poker

Top gaming industry executives launched a lobbying push Tuesday to persuade Congress to legalize Internet poker.

Caesars chairman calls for legal online poker

Caesars Entertainment Chairman Gary Loveman used a conference call to rally support for the federal legalization of Internet poker.

WSOP to host free seminars with top pros

The World Series of Poker has teamed with Prevent Cancer Foundation and the Nevada Cancer Institute, to offer the “First Annual Bad Beat Seminar Series.”

Top-10 observations from the iGaming North America Conference

Casino City's Vin Narayanan attended the iGaming North America Conference in Las Vegas, where land-based and online gaming executives gathered to discuss the state of the online gaming industry in the United States. Here are his top-10 observations.

Jay Mohr to host NHL Awards in Las Vegas

Comedian Jay Mohr will return to Las Vegas in June to host the 2011 NHL Awards at the Palms Casino Resort.

William Hill predicts fast sports betting growth in Nevada

William Hill has spent more than $53 million in less than a month to purchase three sports wagering companies in Nevada. The British-based bookmaker expects licensing by Nevada regulators to be completed in 2012 and doesn't expect any regulatory issues.

American poker players struggling after April 15

Legions of American poker players are trying to figure what to do next after April 15's indictments against PokerStars and Full Tilt Poker.

Sands appoints new president for Venetian, Palazzo

John Caparella, a chief operating officer of Gaylord Hotels, has been named the new president of The Venetian and Palazzo resorts by Las Vegas Sands.

AGA optimistic with increasing casino revenues

American Gaming Association President and CEO Frank J. Fahrenkopf Jr. says there's "reason to be optimistic about the future of gaming."

Penn National to take control over M Resort

Penn National Gaming has been given preliminary approval by the Nevada Gaming Control Board to take over the M Resort.

Lake Las Vegas casino to reopen this month

The Nevada Gaming Control Board gave tentative approval to Intrepid Gaming to reopen Casino MonteLago on May 26.

IGT moves to acquire Swedish Internet gaming company

IGT has offered $115 million to acquire Entraction Holding AB, a Swedish technology company that operates one of the world's largest online poker networks.

Ellen DeGeneres helps Venetian and Palazzo celebrate new alliance

Ellen DeGeneres Show helps celebrate the launch of The Venetian and The Palazzo as InterContinental Alliance Resorts.

ESPN to offer "live" coverage of WSOP

ESPN will show ‘live’ unedited hole cards on a 30-minute delay and more than 34 additional hours of coverage for this year's World Series of Poker.

Land-based casinos focus on federal legislation

Despite the recent crackdown on PokerStars, Full Tilt Poker and Absolute Poker, the casino industry still seeks federal legislation that would allow Las Vegas companies to operate legally online.

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