Las Vegas News - Page 359
Merger binge could return to gaming
26 April 2010
A gaming analyst said bankruptcy sales and companies strapped for cash would flood the market the next two years with gaming assets at cheap prices.
IGT's profit jumps 7 percent23 April 2010
The Reno-based slot machine giant saw a 7 percent increase in net income and a nearly 5 percent jump in quarterly revenues.
Penn National profits down 11 percent23 April 2010
The casino and racetrack operator said its first-quarter profit declined 11 percent from a year ago because of reduced consumer spending on gambling.
Boyd files objections to Station reorganization plans22 April 2010
Boyd Gaming has been seeking to purchase all or a portion of Station Casinos for the past year and says that Station's reorganization plans would diminish the value of certain properties.
Wynn considers moving company to Macau22 April 2010
Steve Wynn said on CNBC said he might move his company's headquarters to Macau and also criticized President Obama's economic policies.
Vegas attraction takes thrill seekers to new heights21 April 2010
The Stratosphere Las Vegas Hotel & Casino has launched America's first SkyJump and breaks a Guinness World Record.
MGM Mirage asks shareholders for name change20 April 2010
MGM Mirage wants to change its name to MGM Resorts International, but The Mirage is not on the market.
Nevada gaming commissioner won't return to panel20 April 2010
Radha Chanderraj did not seek reappointment to the five-member, part-time regulatory panel.
Group plans bid for Station Casinos20 April 2010
Station Casinos' owners and some of its lenders plan to submit a $772 million bid to acquire a majority of the bankrupt gaming company's assets.
Vegas makes room for stranded visitors20 April 2010
The canceled flights due to the volcanic eruption in Iceland have left some casino operators with an overflow crowd of European guests who can't get home.
Privé, Living Room close at Planet Hollywood19 April 2010
Bankrupt nightclubs in Planet Hollywood Resort on Strip may be finished, sources suggest.
888 acknowledges Nevada gaming investigation16 April 2010
The Gibraltar-based online gambling company is the business partner of Harrah's Entertainment and said Nevada gaming regulators would explore its suitability.
CityCenter unveils model units at Mandarin Oriental16 April 2010
Officials at the Las Vegas resort showed off two stylishly designed model units on the Mandarin Oriental's 24th floor.
MGM Mirage stock drops more than five percent16 April 2010
Shares of MGM Mirage fell a day after the company told investors it expected to report a $96.7 million loss in the first quarter.
Harrah's Entertainment seeking approval for Dragonfish15 April 2010
The land-based casino giant is seeking suitability approval from Nevada gaming regulators for Dragonfish, which is providing the software to manage three Internet gambling sites.
CityCenter to report $255 million loss15 April 2010
The Las Vegas mega-complex is expected to report an operating loss of $255 million in the first quarter when MGM Mirage releases earnings in early May.
Analysts boost prospects for three casino operators14 April 2010
Analyst Steven Kent of Goldman Sachs and Joe Greff of JPMorgan increased their price target for MGM Mirage and Greff also upped his opinion of Wynn Resorts and Las Vegas Sands Corp.
Harrah's to issue $500 million in notes14 April 2010
Harrah's Entertainment plans to issue $500 million in second priority secured notes to pay down loans that come due in the next two years.
Few condo sales at CityCenter, but analysts satisfied13 April 2010
CityCenter has only sold 25 of its 2,400 high-rise condominium units, but to some analysts and investors, the number is 100 percent more than they expected to be sold.
Venetian loses imprisionment civil trial13 April 2010
A federal jury returned a $200,000 verdict after finding that Venetian security officers had falsely imprisoned a hotel guest in 2004.
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