The Venetian Las Vegas News - Page 37

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.

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.

The Nevada Gaming Commission has been asked to discipline the owner of the Venetian resort over a 2004 incident in which a minor was allowed to gamble and was served alcoholic beverages in the casino.

Two Las Vegas properties have joined 22 others from Nevada on AAA's Four Diamond Award list.

The Venetian and Wynn Las Vegas will raise the bar in their use of private gaming salons to attract high rollers, a gaming regulator said.

Vivid Entertainment has entered into a licensing agreement with a subsidiary of ARK Restaurants Corp.to open VIVID, an upscale nightclub, at The Venetian Resort Hotel Casino.

Industry sources attribute overbooking primarily to hotel operators' collective desire to run as close to 100 percent occupancy as possible.

The holding company for the Venetian resort has completed its initial public offering of common stock.

Only two Las Vegas resorts are reporting sellouts. Still, most Strip executives are sure their properties will be filled to capacity when the party hits town.

The owner of the Venetian resort in Las Vegas has locked up its top executives with employment contracts in advance of its forthcoming initial public offering.

For a fifth straight year, The Venetian announced today their receipt of the prestigious "Gold Key" Award from Meetings and Conventions Magazine.

Incentive payments to executives worth about $62 million and about $49 million in grants of executive stock options helped drive down third quarter profit at the owner of the Venetian resort in Las Vegas.

Las Vegas Sands Inc., which owns the Venetian and is building the 3,000-room Palazzo on the Las Vegas Strip, has received final approval from the Nevada Gaming Commission to sell up to $575 million in common stock.

The Nevada Gaming Control Board has recommended approval for Las Vegas Sands Corp. to sell up to $575 million in common stock to be used for such things as expansion into the gaming markets in Asia and the United Kingdom.

The Clark County Commission has given The Venetian the go-ahead to build a temporary remote employee parking lot but extended its role in a long-simmering dispute between Venetian owner Sheldon Adelson and Steve Wynn.

Las Vegas Sands Inc., which recently opened a casino in Macau, said today that it has proposed a resort development on a nearby Chinese island, but without any casinos because they are illegal in the mainland.

Las Vegas Sands Inc. said it's opening a $1.01 billion credit line for the Venetian.

Last month's Clark County Commission decision apparently did not settle a longstanding dispute over parking between Strip casino titans Steve Wynn and Sheldon Adelson.

lark County authorized The Venetian to proceed with its expansion plan despite concerns that construction will interfere with Steve Wynn's newest landmark, Wynn Las Vegas.

Henry Hernandez says that the Venetian was his favorite Las Vegas resort before he hit it big there early Sunday morning, winning $2.4 million on Wheel of Fortune dollars.