Nevada News - Page 282
Rise in proxy battles indicates vulnerability in gaming industry
26 May 2015
Proxy battles are common in corporate America, but they can be time-consuming and expensive. In the past several years, the gaming industry has become embroiled in many proxy battles.
Teamsters suspend picket line at SLS Las Vegas26 May 2015
The union says it will resume picketing if it cannot organize the casino's valet parking employees.
Industry, lawmakers and administration debate Sandoval's "Plan B" tax plan26 May 2015
Many of Nevada's lawmakers and largest industries support Gov. Sandoval's plan to broaden the state's tax base, but others have raised objections.
Construction started on Lucky Dragon boutique hotel26 May 2015
The 201-room hotel will be designed to appeal primarily to middle-income Asian tourists, featuring games popular in Asia and an Asian-influenced architectural style.
Nevada Gold moves to acquire Club Fortune Casino26 May 2015
The Henderson casino would be the Las Vegas-based company's first gaming property in the state of Nevada.
Full Flush Poker announces Stairway to Vegas Step Challenge winners26 May 2015
The first place winner will be going to the World Series of Poker Millionaire Maker tournament, and the second and third place winners have received cash prizes.
Nevada lets Uber in25 May 2015
A bill authorizing ride-hailing companies like Uber and Lyft to operate in Nevada won approval early Saturday in the Nevada Legislature. The governor is expected to sign the bill into law.
Nevada adopts law allowing slots with skill factors22 May 2015
Gov. Sandoval signed the bill, which would allow gaming regulators to develop rules allowing slot machines to add skill-based factors to their games, on Thursday.
Las Vegas Convention and Visitors Authority approves FY2016 budget22 May 2015
The board of directors unanimously approved a $228.1 million budget in less than 25 minutes.
Nevada small limo companies push back against anti-competitive regulation22 May 2015
Currently, in Nevada, large taxi companies can add new vehicles at will, but smaller companies can only add them with the permission of the large ones. SB183 would end that.
Malaysian businessman pleads not guilty in new gambling case21 May 2015
The charges stem from an FBI-led raid July 9 at three luxury Caesars Palace villas used in what authorities said was a worldwide multimillion-dollar betting operation.
Key shareholder urges that Affinity Gaming be sold21 May 2015
Illinois-based Z Capital Partners says Affinity "has seen no meaningful board leadership or value creation for shareholders" since it was created in 2010 following the bankruptcy reorganization of Herbst Gaming.
Teamsters picket as SLS Las Vegas21 May 2015
The Teamsters Local 986 claims the casino has blocked its valet parking attendants from forming a union and committed unfair labor practices.
Analysis: 'Net gambling bill accidentally criminalizes some Nevada sports bets21 May 2015
A bill in Congress that would ban Internet gambling would inadvertently criminalize Nevada's booming mobile sports wagering business.
MGM Resorts files application to leave Nevada Power Co.20 May 2015
MGM becomes the latest Las Vegas operator to leave Nevada Power and purchase its own electricity on the wholesale market, joining Wynn Resorts and Las Vegas Sands.
Inside Gaming: Purchase of Tropicana Las Vegas keeps alive Rat Pack-era name20 May 2015
The transaction, which is expected to close by the end of the year, not only gives Penn its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.
Shareholder ends proxy fight with MGM Resorts20 May 2015
New York-based Land and Buildings Investment Management says "substantial insider shareholders" were resistant to changing the company's board.
Top 10 Twitter accounts to follow during the 2015 WSOP18 May 2015
As the 2015 World Series of Poker approaches, Casino City's Aaron Todd provides a rundown of the best players, media personalities and WSOP staff to follow throughout the series.
MGM Resorts selects general manager for Bellagio18 May 2015
Olivia Brown has more than 25 years experience in the hospitality industry, most recently serving as general manager of the Ritz-Carlton Boston Commons.
Quarterly profits nearly double for Stratosphere owner18 May 2015
American Casino & Entertainment Properties profited $8 million in the first quarter of 2015, compared to $4.5 million in the same period last year.
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