Nevada News - Page 453

Progressive Gaming sold most of its assets to International Game Technology in January and formally filed for bankruptcy liquidation this week.

A Wisconsin man who was in town for a convention won over $1.5 million playing the Wheel of Fortune dollar MegaJackpot at Planet Hollywood Resort and Casino.

The number of passengers flying in and out of the Las Vegas airport fell 15.2 percent in February to about 3 million.

Phil Ruffin will take over the Las Vegas property today after paying $600 million up front in cash.

More than 100 teams and 300 players are expected to play in the $500 + $50 per-player Dream Team Poker tournament at Caesars Palace from March 27-29.

A gaming analyst said that 60 days is not enough time for MGM Mirage to restructure and the gaming giant will need the help of a bankruptcy court.

Station Casinos plans to file for bankruptcy by April 15 according to a federal court filing.

Members of Club Binion's will receive #1 in cash back and $2 in comps for every 40 points earned.

The casino operator is in danger of defaulting on $7 billion of its long-term debt but will get financial relief through the middle of May.

There are still rooms available in Las Vegas for one of the biggest sports betting weekends of the year.

The gaming giant is at risk of default as its revenue continues to shrink, according to a filing with the SEC.

The casino company has priced a public offering of 9.6 million newly issued shares at $19 per share.

Bob Faiss, who teaches a class in gaming law, will be signing copies of his oral history book "Gaming Regulation and Gaming Law in Nevada" on March 30.

March Madness will be even more lively than usual for John Avello, the Director of Race and Sports at Wynn Las Vegas, which is playing host to a new college basketball TV show hosted by Billy Packer and Bobby Knight.

In the haze of the ongoing economic hangover, Las Vegas resorts - including some yet to be finished - look like the fevered dreams of out-of-control egos.

The Hard Rock Hotel posted its lowest revenues since 2004 with yearly revenues declining 11.7 percent to $164.3 million from $186 million in 2007.

Bankruptcy attorneys and restructuring specialists are doing very well in this struggling economy.

A Las Vegas Sands board member quit because he disagreed with the forced resignation of former company president Bill Weidner.

The company's game-enhancing products on blackjack and pai gow tables have helped path the path to prosperity.

The gaming company's owners are buying the debt to ensure they remain in control should Harrah's go bankrupt.