Nevada News - Page 286
MGM Grand Las Vegas room rates for fight weekend start at $1,600
23 March 2015
MGM Grand, the host hotel-casino for the megaboxing match between Floyd Mayweather Jr. and Manny Pacquaio on May 2, expects a 35 percent revenue windfall from the fight weekend.
Full House reports wider net loss, decline in revenue19 March 2015
CEO Dan Lee told investors Tuesday that refinancing debt and boosting Full House’s stock price are the primary concerns.
Elton John celebrates 100th Performance "The Million Dollar Piano" The Colosseum at Caesars Palace18 March 2015
To mark the milestone, Caesars Palace and AEG Live have just announced plans for Elton to return to The Colosseum in October 2015.
Caesars says lawsuits raise 'going concern' doubts18 March 2015
In the company’s year-end SEC filing, Caesars said the numerous lawsuits are related to transactions the company has made with its Caesars Entertainment Operating Co., going back to 2010.
Hedge fund proposes REIT split for MGM Resorts18 March 2015
MGM Resorts Chairman Jim Murren discussed the company forming a REIT last month during a quarterly conference call.
Nevadan at work: Scion of Las Vegas gaming family paid his dues16 March 2015
Blake Sartini II is Golden Gaming’s vice president of route operations, overseeing the company’s Nevada-leading business.
Strip resorts president West to retire in April16 March 2015
Luxor and Excalibur President Renée West will be replaced by two people.
Sands taps executive from Bahamas to oversee Strip resorts16 March 2015
The company recently named George Markantonis as president and chief operation officer of The Venetian, Palazzo and Sands Expo & Convention Center.
Golden Nugget to mark $6.5 million convention center upgrade13 March 2015
Renovations included new flooring, lighting and wall coverings along with upgraded technology and a state-of-the-art digital signage system, officials said in a statement.
Caesars attorney says company 'looking seriously' at lost pension payments12 March 2015
The retirement plans were offered by businesses that were subsequently acquired by Harrah’s Entertainment in the company’s 2005 buyout of Caesars Entertainment for $9 billion.
Gloves set to come off in Wynn proxy fight11 March 2015
Less than a week after being removed from consideration for another term as a member Wynn Resorts board, Elaine Wynn announced she was undertaking a costly and potentially nasty proxy fight to retain her seat.
REIT offers to buy real estate of Pinnacle Entertainment10 March 2015
Gaming and Leisure Properties Inc. said in a statement the proposed transaction would create the third-largest triple-net REIT by enterprise value.
Measles outbreak at Las Vegas casino9 March 2015
Small measles outbreak at MGM Grand Hotel and Casino.
Gaming Insider: Adding Buffalo a runaway hit for bar-top gaming9 March 2015
Buffalo has been ranked as the best-earning slot machine game in the U.S. casino market for the past three years by Goldman Sachs in the Wall Street investment firm’s annual survey.
Inside Gaming: Real estate investment trust concept could happen for MGM Resorts9 March 2015
The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.
Key figure in illegal World Cup bets sentenced to probation9 March 2015
U.S. District Judge Andrew Gordon immediately sentenced Phua, 23, to five years of unsupervised probation on condition he stay out of the United States during that period.
Century Gaming wary of proposed new Nevada slot machine tax9 March 2015
Gov. Brian Sandoval’s $1.1 billion tax package to fund education and other services includes a new slot machine tax on restricted gaming license holders with more than 500 machines or revenue of $10 million or more.
Elaine Wynn: Removal from company's board 'extraordinarily disappointing'9 March 2015
In a proxy filing with the Securities and Exchange Commission, Wynn Resorts said it was reducing its Class I board members from three to two and said the board decided not to renominate Wynn to serve as a director.
Caesars narrows loss, offers little details on bankruptcy9 March 2015
Caesars Chairman and CEO Gary Loveman said he wouldn’t answer questions regarding the status of the restructuring of Caesars Entertainment Operating Co.
Wynn Resorts seeks to oust Elaine Wynn from board of directors2 March 2015
In a proxy filing with the U.S. SEC Friday, Wynn Resorts said it will reduce its Class I board members from three to two.
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