Nevada News - Page 313
Caesars security discovered World Cup betting room before feds brought in, witness says
17 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.
Blackstone gets preliminary nod to acquire Cosmopolitan of Las Vegas4 December 2014
The Gaming Control Board recommended that Blackstone Group be licensed to acquire the four-year-old Strip hotel-casino, which has never turned an annual profit.
Millionaire minted with $1.2 Million jackpot at The Plaza Las Vegas3 December 2014
Lucky player won a whopping $1,200,557 on IGT Wheel of Fortune.
Many come to bury Caesars, not to praise the casino company3 December 2014
The nation’s largest casino operator is under attack from all fronts as it struggles to restructure its gaming industry-high debt load of $22.8 billion.
Full House proxy fight ends, Lee named CEO2 December 2014
Veteran gaming executive Dan Lee was named CEO of regional casino operator Full House Resorts Monday.
Nevada gaming revenue dips, but positive note seen in slots26 November 2014
Statewide, casinos saw revenue fall almost 4.3 percent to $913.6 million during the month. On the Strip, gaming revenue fell 5.6 percent to $520.3 million.
Caesars calls latest default notice 'meritless'25 November 2014
On Monday, Caesars said it received a default notice last week from UMB Bank related to its senior-secured notes covering CEOC. Caesars said it “does not believe that a default or an event of default has occurred.”
Analysts favor Caesars move to put key unit into REIT24 November 2014
Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt.
Wynn Resorts: No federal investigation despite published reports24 November 2014
Wynn Resorts said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money- laundering violations.
Las Vegas officials to make pitch for MLS team20 November 2014
The latest stadium funding proposal calls for the city to contribute $20 million to $25 million for the soccer stadium as part of a package of parks projects of about $50 million.
Wynn Las Vegas and Encore earn top marks in 2015 Corporate Equality Index19 November 2014
Wynn Las Vegas and Encore receive perfect score in report on corporate policies and practices related to LGBT workplace equality.
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