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Las Vegas News - Page 344

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Moody's says Strip recovery won't begin until 2012

Moody's Investors Service said it will take at least a year for the new supply of Las Vegas hotel rooms to be absorbed into the market.

Galaxy Gaming acquires TableMAX Gaming

Las Vegas-based table game provider Galaxy Gaming reached an agreement with TableMAX Gaming to secure the rights to sell its games.

Caesars seeking $400 million to finish tower

Caesars Entertainment is seeking $400 million in financing to complete an unfinished hotel tower at Caesars Palace.

Pinnacle interested in move to Strip

Pinnacle Entertainment said Thursday it was considering a marketing alliance with a Las Vegas Strip casino company.

MGM Resorts adding new options, fees

MGM Resorts received criticism for a $20 charge to guarantee a nonsmoking room at the MGM Grand. The company has since removed the charge.

Exec thrilled to land Louisiana gaming license

Creative Casinos execultive Dan Lee was awarded Louisiana's 15th and final gaming license for a $400 million in Lake Charles.

NBC Heads-Up Poker Championship field announced

Emmitt Smith, Don Cheadle and Jason Alexander will join poker’s elite for the National Heads-Up Poker Championship.

Adelson envisions a "mini Las Vegas Strip" in Spain

Las Vegas Sands Chairman Sheldon Adelson said Thursday he wants to create a $20 billion "mini Las Vegas Strip" in either Madrid or Barcelona.

New poker league announces dates and formats

Federated Sports and Gaming and the Palms Casino Resort has released the schedule for the first season of their professional poker league.

CityCenter condos bring in $490 million

CityCenter condominium sales brought in $490 million in revenues in 2010, much less than the once anticpated $2.7 billion.

MGM founder donates $200 million to UCLA

MGM Resorts International founder Kirk Kerkorian is transferring his $200 million charitable foundation to UCLA.

Penn National continues to stay busy

Penn National Gaming began preliminary site work in January on a potential location in New Orleans for a $145 million casino.

Nevada may allow wagering on events other than sports

Nevada regulators recently overturned the rules restricting wagering on non sporting events, paving the way for sports books to begin taking bets on things such as who will win the Oscar for best picture or who will be the next "American Idol" winner.

Wynn Resorts reports better-than-expected profits

Wynn Resorts attributed the increase in profits to improving business conditions in Las Vegas and growth in Macau.

Nevada sees first yearly revenue increase in two years

he Nevada Gaming Control Board announced Thursday that casinos, collected $10.4 billion in gaming revenues in 2010, an increase of 0.1 percent compared to 2009.

Las Vegas Sands cuts comps for middle-tier gamblers

Las Vegas Sands has eliminated free hotel rooms and other complimentary offerings for middle-tier customers at The Venetian and Palazzo.

Questions remain over stopped-in-progress Nevada projects

A number of major casino projects in Las Vegas, including the Fontainebleau, are sitting dormant after construction was halted due to costs.

Vegas Hard Rock files lawsuit to halt foreclosure

The Hard Rock Hotel in Las Vegas filed a lawsuit in New York Supreme Court to try to stop a company from foreclosing on its property.

Vegas hoping for economic touchdown from Super Bowl

Analysts expect the Super Bowl will have an estimated nongaming economic impact of $85.6 million in Las Vegas, while sportsbooks estimate a handle of $88 million to $90 million.

Las Vegas gaming industry expected to have slow recovery

Fitch Ratings Services believes the American gaming industry has a stable outlook but the economic recovery in Las Vegas will lag Nevada casino markets.

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