Nevada News - Page 290
Major events underscore business news in Las Vegas in 2014
29 December 2014
Whatever this state does, it does big. When it booms, it leads the nation in growth. When it busts, well — that’s epic, too.
Casino City Gang: Reversal of fortune edition24 December 2014
Casino City's Vin Narayanan and Aaron Todd discuss Sen. Harry Reid's waffling on online gaming as he prepares for his demotion to Senate minority leader next year, the main operating unit of Caesars Entertainment announcing its decision to file for bankruptcy and the new World Series of Poker schedule, which includes a $565 tournament. And, as always, they close show by picking every NFL game this weekend against the spread.
2015 WSOP to begin May 27; opening weekend to feature $565 "Colossus"23 December 2014
The 2015 World Series of Poker will be held from May 27 - July 14, and this year the tournament series will feature a $565 buy-in "Colossus" with a $5 million guaranteed prize pool.
Judge to decide on evidence in World Cup illegal betting case19 December 2014
Lawyers for wealthy Malaysian businessman Paul Phua and his son, Darren Phua, are seeking to get evidence seized in a July 9 raid at luxury Caesars Palace villas tossed out of court.
Nevada Gaming Commission OKs $1.73B Cosmopolitan sale19 December 2014
The Nevada Gaming Commission Thursday signed off on the $1.73 billion purchase of Strip resort by Blackstone Real Estate Partners VII, a division of New York City-based Blackstone Group.
Nazarian issues apologies, and gaming regulators OK limited license19 December 2014
Sam Nazarian said he was sorry for past dealings with Derrick Armstrong, a convicted felon from Los Angeles who allegedly extorted $3 million from him by threatening his family and SBE employees.
Agent testifies about raid on gambling operation18 December 2014
Ricardo Lopez, who worked undercover for the FBI during the investigation, testified in federal court that a Caesars security officer who had tipped off authorities to the gambling operation told him a top company executive was complaining about not being in the loop of the investigation.
Gaming exec McBeath tapped as new CEO of Cosmopolitan of Las Vegas18 December 2014
Bill McBeath will take over the property once Blackstone Real Estate Partners VII takes ownership of the resort, possibly as soon as Friday.
Finally: Las Vegas officially gets 40 millionth annual visitor17 December 2014
Everybody thought it would occur last year, but the total fell short of the 39.7 million recorded the year before.
Nazarian to step back from SLS Las Vegas daily duties17 December 2014
The move comes two days before Nazarian, 39, considered the visionary behind the SLS Las Vegas, meets with the Nevada Gaming Commission over his request for a gaming license for the Strip resort.
Caesars security discovered World Cup betting room before feds brought in, witness says17 December 2014
A top casino security officer testified Tuesday how his internal investigation led to an FBI raid on an alleged World Cup betting scheme operating out of luxury Caesars Palace villas.
Former UNLV star scores with new baccarat game16 December 2014
Sometimes late at night Bobby Florence will stop by the main gaming floor at the Gold Coast where people are wagering money on a new baccarat game called Rabbit’s Play.
Caesars skips $225 million interest payment16 December 2014
The interest payment, due on second-tier debt covering its Caesars Entertainment Operating Co., business unit, has a 30-day grace period.
Inside gaming: Some advice for Nazarian: Be contrite, honest, forthright15 December 2014
When he appears Thursday at the Nevada Gaming Commission meeting, Sam Nazarian — the visionary behind SLS Las Vegas — should accept the Dec. 3 recommendation by the Gaming Control Board for a one-year limited gaming license with about a half-dozen conditions.
Caesars says several creditors leave talks over restructuring debt15 December 2014
Shares of Caesars, traded in Nasdaq, fell $2.03 or 13.66 percent to close at $12.83.
Goldstein appointed president of Las Vegas Sands, replacing retiring Leven15 December 2014
Rob Goldstein, 59, has been with Las Vegas Sands since 1995 and has served in numerous executive positions for the company.
MGM Resorts spokeswoman wins national PR honor11 December 2014
Michaels was named Wednesday to an industry trade publication’s first-ever list of Top Women in PR.
Illegal Word Cup gambling ring: 5 to plead guilty10 December 2014
Five people of seven accused in an illegal World Cup gambling venture to plead guilty.
MGM-AEG arena to offer booking flexibility, open in April 20164 December 2014
The arena’s opening act in 2016 is still unknown.
Regulators recommend Nazarian for one-year limited license4 December 2014
Sam Nazarian, 39, was recommended for a one-year, limited license by the Gaming Control Board following a more-than-3½-hour public hearing in Carson City.
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