Las Vegas News - Page 333
MGM reports $883 million net loss
3 August 2010
The Las Vegas-based casino giant said its second quarter net loss was $883 million compared to a loss of $212 million in the same quarter last year.
Shares of gaming companies dive in July2 August 2010
The average daily stock prices of 10 casino operators and slot machine manufacturers all tumbled during the month.
Pinnacle reports $49 million loss in second quarter30 July 2010
Pinnacle Entertainment lost $49.3 million in the second quarter despite a jump of revenues from the opening of a casino in St. Louis.
Wynn net income improves thanks to Macau30 July 2010
Wynn Resorts saw its net income improve during the second quarter because of a robust showing in Macau.
Casino industry outlook still uncertain30 July 2010
Moody's Investors Service said there is a "high degree of uncertainty" over how much gaming trends will improve through the end of the year.
Wynn slams Obama adminstration again30 July 2010
Steve Wynn said he he isn’t thrilled with the current direction of the U.S. economy during a second quarter earnings conference call.
81 sites sued for copyright infringement28 July 2010
Copyright infringement suits involving content from the Las Vegas Review-Journal have been filed against at least 81 Web site owners and organizations over the last 11 weeks, according to multiple reports by the Las Vegas Sun.
Las Vegas Sands narrows second quarter net loss28 July 2010
The casino operator was able to shrink its second quarter net loss due to booming business in Macau.
IGT profits grow despite revenue dip28 July 2010
Gambling equipment giant International Game Technology saw a rise in fiscal third-quarter profits despite a decline in company revenues.
Golden Tavern Group announces August promotions27 July 2010
Sierra Gold and PT’s taverns in Las Vegas will have promotions based on NFL as well as fantasy football in August.
Global Cash Access gets gaming approval in Nevada27 July 2010
Global Cash Access received approval from the Nevada Gaming Control Board to begin a product field trial of its new QuikTicket product.
Top-10 moments from the WSOP Main Event26 July 2010
Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from the World Series of Poker. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event.
Las Vegas Sands fires top Macau exec26 July 2010
Sands China Chief Executive Officer and President Steven Jacobs was removed from his position on Friday.
WSOP champs start famous but have faded out26 July 2010
Winning the World Series of Poker leads to instant fame, but the last seven champions have not won another bracelet since their big victory.
Economic reality hits Las Vegas casinos26 July 2010
Las Vegas casino revenue declined six percent the first five months of 2010, which is on top of a 16.9 percent decline between 2007 and 2009.
Penn National not expected to bid on Station properties26 July 2010
A Penn National executive said the casino operator is not expected to participate in an auction of 11 casinos currently controlled by Station Casinos.
Wynn, Encore lose $17.2 million in second quarter26 July 2010
Wynn Resorts said its two Strip resorts had an operating loss of $17.2 million in the second quarter.
Palms poker room review23 July 2010
The poker room at The Palms offers low-stakes players seeking a place to play in Las Vegas a great off-The-Strip option.
Analyst worries Senate campaign tone will hurt Vegas21 July 2010
Deutsche Bank gaming analyst Andrew Zarnett said the toxic rhetoric of Nevada’s U.S. Senate campaign could harm local casinos.
Lawsuit filed to prevent rentals at Vegas complex20 July 2010
A lawsuit was filed in Clark County District Court on behalf of 220 individuals who want to prevent the Cosmopolitan of Las Vegas from renting their units to hotel guests when it opens in December.
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