Nevada News - Page 275

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Caesars reaches amended agreement with its largest creditors

3 August 2015

The beleaguered casino operator filed a statement late on Friday saying it had reached an "amended restructuring support agreement." Its restructuring plans remain the same.

Wynn Resorts releases second quarter 2015 results

30 July 2015

Net revenues were down compared to the second quarter of 2014, largely as a result of the ongoing revenue decline in the Macau market.

This Week in Gambling: Online casinos go down

30 July 2015

This Week in Gambling, J Todd discusses the shutdown of more than 10 online casinos following their owners' recent arrests. He also dives into sports betting news, industry mergers and a fire at The Cosmopolitan Las Vegas.

Wynn Resorts sees reduced profits from Macau market slump

30 July 2015

Wynn Resorts chairman Steve Wynn reports that the decline in high-end baccarat play in Macau has been felt throughout the company, but that its business outside Macau remains "comfortable."

Wall Street analysts predict MGM may sell The Mirage

30 July 2015

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.

Park near MGM Arena brings nature back to the Strip

30 July 2015

The first trees have been planted at the simply named Park, an MGM Resorts project that aims to provide a cool, natural refuge in the urban Strip.

Decline in baccarat play deals a blow to Nevada casino revenues

29 July 2015

While the crackdown on Chinese high rollers has hit Macau the hardest, the 53.7 percent decline in baccarat revenue in Nevada contributed the lion's share of June's 8 percent decline in gaming revenues over last year.

Despite convention dropoff, Las Vegas sets tourism records for June

29 July 2015

Las Vegas saw 3.6 million visitors last month, a 2.4 percent increase year-over-year.

Inside Gaming: One-time Resorts World exec to reopen shuttered Indian casino

29 July 2015

Ivory Gaming founder Christian Goode sees opportunity in overseeing the reopening of the Chukchansi Gold Resort & Casino near Fresno.

Eldorado player wins $167,675 at Pai Gow Poker

28 July 2015

Fred K. of Cloverdale, Calif. won the massive score.

Strict fire codes kept Cosmo fire in check, county officials say

28 July 2015

The county requires cabanas to be made of non-combustible materials and placed at least 20 feet away from any fuel-fired equipment.

Increased sales at The Ogden signal bright future for downtown Las Vegas

27 July 2015

The recent spate of closings at the beleaguered condo tower, which was built right before the recession hit, is the result of lavish upgrades, an innovative lending strategy and optimism about the prospects for the downtown area of the city.

Man leads police on chase through Bellagio's fountains

27 July 2015

The incident caused "way over" $5,000 worth of property damage and prompted an MGM spokeswoman to remind guests that the fountains are "not a swimming pool."

One hospitalized after fire at Cosmopolitan

27 July 2015

The fire shut down the Strip for about an hour and forced the partial evacuation of the Cosmopolitan.

Caesars spends $223 million to transform Strip resort into The Linq

27 July 2015

The changes scrubbed away any remnants of the Strip resort's life as the Imperial Palace and the Quad.

Boyd keeping mum about REIT plans

24 July 2015

While REITs are a popular investment choice for casinos, Boyd has repeatedly stated that it will not comment on the possibility of forming one until it has definitive plans.

Super High Roller Celebrity Shootout premieres July 29

23 July 2015

Poker Central's high-rolling celebrity poker tournament, which will air on NBCSN, pits movie and TV stars against some of the most well-respected names in poker.

Macau market decline cuts into Las Vegas Sands' quarterly revenues

23 July 2015

While the company did still turn a profit, it reported a 19.4 percent decline in revenues and a 30.1 percent decline in profits from last quarter.

Spate of downtown Las Vegas closures symptom of 'growing pains'

23 July 2015

Several bars, restaurants and clubs have shut down recently in Las Vegas's revitalizing downtown core.

Pinnacle, GLPI agree on $4.75 billion merger

22 July 2015

After two rejected offers, Pinnacle has accepted an offer from GLPI rather than form its own spinoff REIT.

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