Las Vegas News - Page 550

News Brief: The Venetian agreed Thursday to pay a $10,000 fine to Nevada gaming regulators in conjunction with a 2004 episode where a 19-year-old patron gambled and was served alcohol at the Strip resort.

MGM Mirage reports that adjusted earnings per diluted share rose 42% to $0.51 in Q4 2004 from $0.36 in the 2003 quarter, representing the company's best fourth quarter performance in its history.

As gaming companies, including giants MGM Mirage and Harrah's, ready their quarterly earnings reports this week, stock prices for the major operators in January reflected investors' optimism that results will surpass Wall Street estimates.

Q2 net loss from continuing operations totaled $(7.5) million, or $(0.15) per diluted share, which includes a write-down of certain inventory and other assets and a bank amendment charge, together totaling $11.7 million.

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

Stacy Allsbrook, a life-long Southern Nevadan and a 13-year city of Las Vegas employee, is serving as executive director of the Las Vegas Centennial Celebration, a year-long commemoration of the city's 100th birthday.

One of the world's best-known adult film companies has set up shop on the Strip.

Despite a significant amount of construction remaining to be completed in the next 90 days, the 2,700-room Wynn Las Vegas resort will be ready when guests begin arriving April 28.

The Venetian has agreed to pay a $10,000 fine to Nevada gaming regulators in conjunction with a 2004 episode where a 19-year-old patron gambled and was served alcohol at the Strip resort.

Jutting out into the Bellagio’s main corridor like the prow of a ship is a glass-enclosed, floor-to-ceiling chocolate fountain emerging from Jean-Philippe Patisserie.

Like a gambler on a win streak, the Venetian was on top when the Nevada Gaming Commission approved its plans Thursday for its new private gaming salons.

After a preliminary tour of the $2.7 billion Wynn Las Vegas resort under construction, some analysts say the property will be able to charge more for rooms than expected and will command among the highest rates on the Strip.

McCarran International Airport hosted more than 41.4 million travelers last year, vaporizing all previous 12-month records.

Green Valley Ranch Station Casino hopes their new luxurious Penthouse Suite will lure in the high rollers.

Herbst Gaming, Inc. has entered into an amendment to its purchase agreement with Southern Iowa Gaming Co. to change the purchase price for the Lakeside Casino.

News Brief: A Southern California man has sued MGM Mirage for preying on his gambling addiction and inducing him to borrow and lose millions of dollars at its Las Vegas casinos.

Problem gambling advocates are applauding Gov. Kenny Guinn's effort to raise $200,000 to help problem gamblers.

A second hotel tower is under construction at the Palms.

A judge has dismissed a lawsuit seeking to bar the state from paying nearly $400,000 in legal fees to a Las Vegas law firm hired to write gambling legislation.

Tourism experts suggest there are financial rewards for cities that do, and local diversity specialists say Las Vegas is getting better at rolling out the welcome mat for the GLBT market -- gay, lesbian, bisexual, transgendered visitors.