Nevada News - Page 298
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.
Caesars reaches restructuring agreement with second-tier creditors22 July 2015
Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.
Inside Gaming: MGM Resorts CEO discusses REIT plans22 July 2015
Analysts expect MGM to announce a new strategic plan soon, and an interview with Jim Murren indicates that it is likely to include spinning off part of the company into a real estate investment trust.
GLPI reaches agreement with Pinnacle to acquire real estate assets21 July 2015
Gaming and Leisure Properties, Inc., will acquire nearly all of Pinnacle's real estate properties, and the properties will be spun off into separate property and operating companies.
Airbnb operates in gray areas of Las Vegas' housing laws20 July 2015
Las Vegas regulators are working to clarify and define the legal space that the short-term home rental service occupies and balance competing interests from hosts, guests, hosts' neighbors and the hospitality industry.
California wildfire blocks I-15 road to Vegas20 July 2015
Las Vegas hotels are working to accommodate Californian visitors trapped inside or outside Vegas as firefighters work to control the blaze.
Inside Gaming: Eldorado deal for MGM casinos makes company king of Reno20 July 2015
In conjunction with the all-cash deal with MGM, Eldorado announced a $60 million stock offering and $375 million debt offering. Eldorado is also assuming $60 million in debt through the transaction.
Uber, Lyft licensing fees in Nevada will be highest in the nation17 July 2015
The proposed regulations for ride-hailing companies to operate in Nevada include hefty fees and taxes, but regulators maintain they are necessary to offset the costs of enforcing regulatory compliance.
MGM Resorts to build 5,000-seat theater at Monte Carlo16 July 2015
The $100 million theater is the latest in a line of nongaming developments MGM is investing in at its nine Strip resorts.
Nevada's new tourism panel has begun meeting16 July 2015
The newly formed Southern Nevada Tourism Infrastructure Committee is a yearlong project to determine how best to develop the area's tourism infrastructure and ensure it remains a premier tourist destination.
Cops busting down doors at the Riviera for training15 July 2015
The Riviera, which is slated for eventual demolition, has been put to use as a temporary training ground for several local, state and federal law enforcement agencies.
Transportation leaders offer no comment on proposed ride-hailing regulations15 July 2015
The Nevada Transportation Authority released a 38-page document with proposed regulations for transportation network companies.
UNITE HERE asks Nevada regulators to investigate Deutsche Bank13 July 2015
UNITE HERE's Culinary Workers Union Local 226 has written to the Nevada Gaming Commission and Control Board expressing concern over Deutsche Bank's suitability to retain its ownership share in Station Casinos.
Caesars Interactive levels up with Mitch Garber at the helm13 July 2015
Caesars Interactive, owner of the World Series of Poker, has surpassed Zynga in terms of social gaming revenue.
Insert Coin(s) closes, but owner hopes to reopen13 July 2015
The video game lounge in downtown Las Vegas was one of the first businesses to open as part of that area's revitalization four years ago.
Inaugural Fantasy Sports Combine to take place in Vegas13 July 2015
The conference will take place on July 17 and 18 at the Wynn Las Vegas and Encore.
Gaming industry debates whether fantasy sports is gambling or skill gaming13 July 2015
Fantasy sports is a largely unregulated but lucrative sector of the gaming market, and the legal definitions of sports wagering are murky.
Top 10 things the World Series of Poker got right this year13 July 2015
Casino City's Dan Podheiser explains that despite a few bumps and bruises along the way, the 2015 World Series of Poker has been a tremendous success.
Conoley follows in Baranowski's footsteps, notches first Main Event cash11 July 2015
In 2014, Dallas-area chiropractor Dean Baranowski made a deep run in the World Series of Poker Main Event. This year, Baranowski is on the rail as his home game buddy, Kenny Conoley, chips up the leaderboard.
Nevada simplified live entertainment tax will still require detailed records10 July 2015
The Nevada Gaming Control Board has been drafting regulations to streamline the process, but announced on Thursday that casinos will still need to keep detailed accounting records to comply.
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