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December 20, 2014

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Gaming

An exterior view of Caesars Palace, June 6, 2013.
Caesars subsidiary to file bankruptcy, restructure finances
Dec. 19, 2014
Casino giant Caesars Entertainment, which for years has struggled with massive debt, announced today that its largest subsidiary reached an agreement with key creditors on a financial restructuring plan. The subsidiary ...
An exterior view of the Cosmopolitan hotel-casino in Las Vegas.
Gaming regulators OK $1.73 billion sale of Cosmopolitan
Dec. 18, 2014
The sale of the Cosmopolitan of Las Vegas cleared its last regulatory hurdle today when the Nevada Gaming Commission approved the $1.73 billion transaction. The sale was ...
Sam Nazarian, CEO at SBE Entertainment, speaks during a press conference at SLS Las Vegas on Friday, Aug. 22, 2014.
SLS visionary Sam Nazarian gets limited gaming license
Dec. 18, 2014
Sam Nazarian, the Los Angeles nightclub tycoon and visionary behind SLS Las Vegas, was awarded a limited gaming license from Nevada regulators today. But under terms of the license ...
This Oct. 24, 2014, photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J.
Carl Icahn promises Taj Mahal casino $20 million to stay open
Dec. 18, 2014
Billionaire investor Carl Icahn pledged $20 million on Thursday to keep Atlantic City's Taj Mahal casino open indefinitely, eliminating a plan to shut it down early ...
Judge to decide evidence issue in gambling case
Dec. 18, 2014
A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was ...
John Unwin, CEO of the Cosmopolitan of Las Vegas, stands atop the resort-casino's marquee.
Former MGM executive named next CEO at Cosmopolitan
Dec. 17, 2014
William McBeath, a former MGM Resorts International executive, is the next chief executive officer of the Cosmopolitan of Las Vegas. The resort announced McBeath’s appointment ...
Nevada regulator testifies in Las Vegas gambling ruse
Dec. 17, 2014
A Nevada casino regulator told a federal judge that investigators spent hours briefing a federal prosecutor before employing a ruse to gain entry to high-roller suites at Caesars Palace and break up what prosecutors say ...
Sam Nazarian at the grand opening of his SLS Las Vegas on Friday, Aug. 22, 2014, on the Strip.
Nazarian out of day-to-day operations at SLS
Dec. 16, 2014
Sam Nazarian has been the driving force behind SLS Las Vegas, but he encountered serious difficulty two weeks ago when ...
An exterior view of Caesars Palace on Thursday, June 6, 2013.
Caesars misses $225 million interest payment
Dec. 15, 2014
Caesars Entertainment Corp. officials say they won't make a $225 million interest payment due Monday on some of its debt as the company keeps negotiating with senior bondholders to restructure the company's finances. ...
Chinese defendants enter pleas in Las Vegas gambling case
Dec. 10, 2014
Two more Chinese citizens took plea deals Wednesday in what federal prosecutors say was an illegal Internet gambling ring broken up by an FBI raid at high-roller suites at Caesars Palace ...
Players compete on the first day of the World Series of Poker main event Saturday, July 5, 2014, in Las Vegas. Players were vying for the $10 million first-place payout at the poker tournament. (AP Photo/John Locher)
Gambling association releases first-of-its-kind money laundering report
Dec. 6, 2014
Casinos, like banks and other institutions that deal with a lot of money, are required by law to vigilantly look out for financial transactions that may be illegal ...
Caesars Entertainment wants Delaware lawsuit tossed
Dec. 5, 2014
A Delaware judge is weighing whether to grant a motion by Caesars Entertainment Corp. to dismiss a lawsuit by bondholders accusing the company of fraudulently transferring assets of its debt-laden operating unit in order to ...
FBI-Caesars search case to narrow to father, son
Dec. 5, 2014
Five defendants are poised to take plea deals in a federal Internet gambling case in Nevada that stemmed from a disputed FBI raid last summer at high-roller suites at Caesars Palace on ...
Gambling group drafts anti-money laundering guide
Dec. 5, 2014
A gambling industry group says it's drafted a first-of-its-kind guide to help casinos prevent money laundering. The American Gaming Association released its best practices Thursday to help casinos and Internet gambling sites comply with ...
This Oct. 24, 2014, photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J.
Taj Mahal casino closing pushed back 8 days
Dec. 5, 2014
The owners of Atlantic City's Trump Taj Mahal have pushed back the scheduled closing date for the casino. Trump Entertainment Resorts told The Associated Press on Friday it decided to move the closing date back eight days to Dec. 20 while talks continue to try to save the casino and its 3,000 jobs. "The Trump Taj Mahal is currently engaged in ...
Sam Nazarian, CEO at SBE Entertainment, speaks during a press conference at SLS Las Vegas on Friday, Aug. 22, 2014.
Seeing red flags, regulators recommend limited license for Nazarian at SLS
Dec. 3, 2014
Sam Nazarian, the businessman behind the development of SLS Las Vegas, was unable to persuade state regulators on Wednesday to let him be fully involved with ...
Cindy Clark plays a slot machine at Dotty's near Eastern and Serene in Henderson on Thursday, March 24, 2011.
County delays decision on gaming regulations for taverns
Dec. 2, 2014
There were lamentations of lost jobs, protests over the high cost of compliance and even the threat of a lawsuit, but there was no decision today on fiercely contested changes to ...
This Sept. 19, 2011, photo shows the Trump Taj Mahal casino-resort in Atlantic City.
Taj Mahal casino closes hotel tower, ends credit
Dec. 2, 2014
Trump Entertainment Resorts says it is closing its newest hotel tower and is no longer issuing credit as it prepares for a Dec. 12 shutdown of the Taj Mahal, its lone remaining casino. The company filed a petition last week with the state Division of Gaming Enforcement asking for ...

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Boyd Gaming coverage

Boyd Gaming launches mobile sports-betting app
Boyd Gaming announced today the launch of its new mobile sports-betting application. Called B Connected Sports, Boyd’s app is available ...
Chief operating officer leaving Boyd Gaming, won’t be replaced
A top executive at Boyd Gaming is leaving the casino company and will not immediately be replaced. Boyd, based in Las Vegas, announced today the ...
Spending war over online gaming rages among Nevada casino companies
Online gaming remains a divisive issue for Nevada casino companies, which are pouring money into lobbying on the issue while they joust over a potential ...

Harrah's Entertainment coverage

Flowery praise for Bellagio holiday display; Andrea Bocelli seeks tender love at MGM Grand
During his chilling performance at MGM Grand Garden Arena on Saturday night, the great tenor Andrea Bocelli was backed by singers from one of the ...
Flowery praise for Bellagio Conservatory; Andrea Bocelli asks for tender love at MGM Grand
During his chilling performance at MGM Grand Garden Arena on Saturday night, the great tenor Andrea Bocelli was backed by singers from one of the ...
‘Fifty Shades of Grey’ parody heads to Bally’s; changes at Strip shows
Even before the erotic romance movie “Fifty Shades of Grey” opens on Valentine’s Day, the scandalous film starring Dakota Johnson, the daughter of Don Johnson ...

Las Vegas Sands coverage

Las Vegas Sands 3Q revenue dips, profit grows
Las Vegas Sands, the casino company that runs the Venetian and Palazzo resorts on the Strip, announced its third-quarter earnings ...
Spending war over online gaming rages among Nevada casino companies
Online gaming remains a divisive issue for Nevada casino companies, which are pouring money into lobbying on the issue while they joust over a potential ...
Nevada Supreme Court reverses Adelson defamation ruling
The Nevada Supreme Court, in a 4-3 decision, has ruled that casino mogul Sheldon Adelson can be sued for defamation for calling one of his ...

MGM Mirage coverage

The future of Las Vegas: See what’s coming on the Strip in 2015
Development along the Las Vegas Strip in 2015 will be important in subtle ways. Several projects that are changing the Strip’s physical dynamic will finish ...
Executive VP Alan Feldman: ‘Las Vegas is the least hypocritical place in the universe’
Fourteen days. Fourteen personalities. Fourteen questions. As 2014 draws to a close, here is how some notable people in Nevada answered a list of fun ...
Andrea Bocelli to perform at Power of Love Gala for Keep Memory Alive
When the Italian tenor was here for a concert at MGM Grand two weeks ago, Andrea and his wife, Veronica, toured the Frank Gehry-designed building, ...

Stations Casinos coverage

Las Vegas history test: Do you know former names of city’s casinos?
The history of Las Vegas is peppered with second acts. Third acts, fourth acts and even more acts, too. Resorts come and go, either being ...
Nevada online poker company Ultimate Gaming shutting down
Ultimate Gaming, one of Nevada’s three legal online poker providers, announced today that it’s ending operations in the state. The move comes about two months ...
Station reports modest revenue growth for 3rd quarter
ocals gaming giant Station Casinos, whose properties include Palace Station, Green Valley Ranch and Red Rock Resort, reported its third quarter earnings today. Station’s adjusted ...

Wynn Resorts coverage

Celebrity preview: ‘Showstoppers,’ Moreno, Setzer, Pibbets, Meryl Davis + Charlie White
It’s the quietest entertainment weekend of the year as tourists stay away in droves and locals are frantically finishing shopping and wrapping chores. Make the ...
Photos: Sexy defeats ugly at Surrender’s holiday sweater contest
Surrender in Encore hosted its 2014 Ugly Holiday Sweater Contest on Dec. 10, and Daniella Deegan ran away with first place and $2,500 with her ...
Frankie Moreno hitting Carnegie Hall in 2015; Wynn gives ‘Showstoppers’ dancers room to stretch legs
The Kats Report Bureau this week made a stop at an open terrace just outside the 50th-floor Voodoo Steakhouse at the Rio for announcement of ...

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