Treasure Island News - Page 10

Under a 10-year deal that starts this year, Las Vegas Events will be doling out $10 million in prize money to the 120 cowboys competing in seven categories at NFR, considered the Super Bowl of rodeo events and sanctioned by the Professional Rodeo Cowboys Association.

Phil Ruffin said MGM Resorts turned down the offer and instead chose to go with a real estate investment trust.

A spokesman for MGM has declined to comment on the rumored transaction, but Wall Street analysts predict that The Mirage could sell for between $1 billion and $1.5 billion.

Wynn Resorts stock on Monday closed below $100 per share for the first time since December 2010 after Macau reported its 12th straight monthly dip.

The head of the New York-based private equity fund is wagering $1.73 billion it can make The Cosmopolitan of Las Vegas a shining jewel on the Strip.

Jon Jerde was founder and chairman of the Jerde Partnership, a design studio based in Venice, Calif.

Bill McBeath will take over the property once Blackstone Real Estate Partners VII takes ownership of the resort, possibly as soon as Friday.

Even with Downloadable Game technology, casinos can't change slot paybacks on whim.

Bill McBeath, who once oversaw Bellagio and CityCenter’s centerpiece Aria, joins the private equity firm that controls 33.7 percent of Las Vegas-based Affinity, owner of 11 casinos in four states.

The sale eliminated any conflict with a regulatory request that gaming license holders stay away from the business.

Regulators said the technology, which is operated by Gibraltar-based 888 Holdings, could be the model for the planned system that would run the shared online gaming network between Nevada and Delaware.

Workers at LVH have reached a tentative agreement on a new five-year contract with the Culinary Workers Local 226 and Bartenders Local 165.

The contract, which would replace an agreement that expired last June, still must be ratified by workers at the two Strip casinos.

Nevada gaming regulators gave preliminary approval Thursday to a marketing agreement between Golden Gaming and Gibraltar-based 888 Holdings in which the tavern operator could deliver its customers as online poker players to a website that includes Treasure Island.

50 key industry leaders attended successful day-long and in-depth discussion about the future of the gaming industry.

888 Holdings is seeking an interactive Nevada gaming license.

Small fire this morning at Treasure Island Casino Resort resolved.

The British bookmaker paid $3 million to acquire 65 percent of Stadium Technology Group, a supplier of software and in-game betting applications to sportsbook operators.

Six women lose their discrimination case against Treasure Island Casino.

So far, 22 players have committed to each pay $1 million to compete in the Big One for One Drop, a three-day tournament planned for July 1-3 as part of the 2012 World Series of Poker.