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Las Vegas News - Page 468

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LAS VEGAS TOURISM: $285 million budget approved

Facing scrutiny from a group that wants to divert Las Vegas room taxes toward road projects, the people in charge of attracting tourists and conventions to Southern Nevada approved a budget with $285 million in revenue and 37 new positions.

MGM Mirage strip deal closed

Colliers International-Las Vegas brokers Michael Mixer and Alexander Rodrigo represented the MGM Mirage in the purchase of approximately 33.5 acres of land on the Las Vegas Strip.

MERGERS AND ACQUISITIONS: They'll make Manhattan

Elad Group plans to spend $5 billion to turn the New Frontier Western-themed hotel-casino into an ultraluxury mixed-use development.

Binion's negative cash flow widens

First-quarter losses widened at one of the most recognizable casinos, Binion's, in downtown Las Vegas.

Golden Nugget amends notes

Golden Nugget, Inc. reports that, in connection with the previously announced cash tender offer and consent solicitation for its outstanding 8.75% Senior Secured Notes due 2011, Golden Nugget has received the requisite consents from holders of the Notes to amend the indenture.

A new way to play the game on the Strip

A new business model is slowly but significantly unfolding along the Strip.

Casino industry: Dealers at Wynn resort ratify union

Casino dealers at Wynn Las Vegas voted by an almost a 3-1 margin in favor of union representation despite an impassioned eleventh hour hour plea by company Chairman Steve Wynn.

Inside gaming column: Mall developer opens wallet

A selection of news and views from inside the industry this week.

Las Vegas visitor count up 1.4 percent in March

The number of people who visited Las Vegas in March went up 1.4 percent to nearly 3.5 million even though gambling revenue for the month was down in every Clark County market.

Payment processors, BetUS indicted on money laundering charges

Three payment-processors have been accused of miscoding gaming transactions and funneling that money to online casinos and sportsbooks in grand jury indictments unsealed last week in Utah.

Wynn dealers vote on union

The election culminates nearly nine months of heated debate at Wynn Las Vegas after the resort's management made a controversial change in how the casino pools and divides the tips earned by casino workers.

Manager of downtown LV casinos leaving

Navegante Group, the company that manages the largest group of downtown Las Vegas casinos, is leaving, a move that adds even more uncertainty to an already struggling gambling market.

Las Vegas Convention Center: Authority approves upgrades

The cost of keeping Las Vegas ahead of the competition just increased by $153 million.

WSOP Academy announces 2007 Main Event Primer

Macau success lifts Wynn Resorts' quarter

Although quarterly earnings for Wynn Resorts Ltd. reversed a year-earlier loss, company Chairman Steve Wynn lectured investors Monday on how Las Vegas history might be used to carefully judge the growth of gambling in Macau.

Looking in on: Gaming

The missteps of MGM Mirage's top marketing executive for the Asia region were the lead item on the Gaming Control Board's monthly meeting agenda.

Exploding device kills man near Vegas casino

News Brief: Police said the blast behind the Luxor hotel-casino was directed at the man and was not a terrorist act or a mob hit.

Boxing's familiar ring

There was concern, including among Las Vegas police officials, that Saturday's fight would attract a tough crowd, much like the one that traveled to Las Vegas for NBA All-Star Weekend in February.

Prize fight packs economic punch for Las Vegas

Standing in line to watch people take their clothes off is commonplace in Sin City.

Inside gaming column: New Frontier boss may try Kansas

A selection of news and views from inside the industry this week.

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