Nevada News - Page 318

MGM Resorts Chairman Jim Murren discussed the company forming a REIT last month during a quarterly conference call.

Blake Sartini II is Golden Gaming’s vice president of route operations, overseeing the company’s Nevada-leading business.

Luxor and Excalibur President Renée West will be replaced by two people.

The company recently named George Markantonis as president and chief operation officer of The Venetian, Palazzo and Sands Expo & Convention Center.

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.

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.

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.

Gaming and Leisure Properties Inc. said in a statement the proposed transaction would create the third-largest triple-net REIT by enterprise value.

Small measles outbreak at MGM Grand Hotel and Casino.

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.

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

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.

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.

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 Chairman and CEO Gary Loveman said he wouldn’t answer questions regarding the status of the restructuring of Caesars Entertainment Operating Co.

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.

The head of the New York-based private equity fund is wagering $1.73 billion it can make The Cosmopolitan of Las Vegas a shining jewel on the Strip.

The court upheld the Clark County District Court conviction of California businessman Harel Zahavi on four counts of drawing and passing a check without sufficient funds and with the intent to defraud.

Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.

Other awards included $500 for second through seventh place, $100 for eighth through 39th place and $50 for 40th through 49th place.