Las Vegas Sun

November 8, 2009

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County considers suing over travel Web site room taxes
Nov. 7, 2009
As other parts of the country win tens of millions of dollars in court judgments against online tourism companies, Clark County commissioners are talking about following suit. At issue is the amount of hotel room taxes paid by online travel sites.

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Judge dismisses suits blaming Las Vegas Sands for stock drop
Nov. 6, 2009
A state judge on Friday dismissed a group of shareholder lawsuits blaming Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson and his fellow board members for the collapse of the gaming company's stock beginning in late 2007.

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The Salon Suite at Encore Las Vegas. Encore is one of three Las Vegas hotels to be named to AAA's 2010 Five Diamond list.
Vegas area adds three resorts to elite AAA list
Nov. 6, 2009
Las Vegas is home to three more AAA Five Diamond winners, AAA Travel announced today. Nevada and Florida tied by adding three properties to the list -- more than any other state. The latest additions include The Ritz-Carlton at Lake Las Vegas, Encore Las Vegas and the Palazzo in the hotel category. Nevada now has eight Five Diamond properties, trailing only California and Florida. Other resorts earning the coveted award are repeat winners. The Bellagio has received the award for nine consecutive years while the Skylofts and Wynn Las Vegas both have won for the last four.

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MGM Mirage following Harrah’s lead on marketing conventions
Nov. 6, 2009
In its last earnings report before the company opens its $8.5 billion CityCenter complex next month, MGM Mirage on Thursday projected an improvement in business next year. Part of this optimism is based on a new sales strategy for filling its hotels.

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Former Fontainebleau executive joins Tropicana
Nov. 5, 2009
A second former Fontainebleau Las Vegas executive is joining the Tropicana Las Vegas, the company announced today.

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Though close to finished, the Fontainebleau may cost another $1.5 billion to complete, on top of $1 billion already owed to lenders.
Fontainebleau subcontractors organize to finish project
Nov. 5, 2009
Several Fontainebleau Las Vegas subcontractors, including two Fortune 500 construction companies, said Thursday they've organized and are stepping up efforts to find financing and gaming partners to complete the project.

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IGT swings to loss in quarterly earnings
Nov. 5, 2009
International Game Technology saw its profit swing to a loss during the fourth quarter of 2009, the Reno-based gaming supply company reported today.

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Galaxy Gaming reports higher revenue, narrows loss
Nov. 5, 2009
Galaxy Gaming Inc., a small Las Vegas-based casino industry supplier, today reported higher revenue and that it sold $600,000 in stock through a private equity deal aimed at financing growth.

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A view of MGM Mirage's CityCenter along the Las Vegas Strip.
MGM Mirage loses $750M as CityCenter's value drops
Nov. 5, 2009
With its CityCenter resort set to open, MGM Mirage today reported a loss for the third quarter as revenue fell on the Las Vegas Strip -- but also said its results are improving in the fourth quarter. "We continue to show sequential improvement in our operating results over the course of 2009,'' Chairman and Chief Executive Jim Murren said in a statement. MGM Mirage lost $750.4 million, or $1.70 per share in the third quarter vs. a profit in the year-ago quarter of $61.3 million or 22 cents per share.

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Appeals court sides with Harrah's, Pinnacle in Louisiana case
Nov. 4, 2009
A federal appeals court has upheld a ruling rejecting claims that two Las Vegas companies conspired to monopolize the Louisiana casino market. The 5th U.S. Court of Appeals last week ruled in favor of Harrah's Operating Co. and Pinnacle Entertainment Inc.

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Control Board plans special meeting on Aria gaming license
Nov. 4, 2009
Hopefully, the operator of CityCenter isn’t superstitious when it comes to getting its gaming license.

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Ameristar Casinos reports profit increase in quarter
Nov. 4, 2009
Las Vegas-based casino operator Ameristar Casinos reported relatively unchanged profit during the third quarter despite a drop in the company’s revenue.

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The final nine players who will go on to the final table wait with their chips following the World Series of Poker at the Rio Hotel and Casino in Las Vegas on Wednesday, July 15, 2009.
Players at poker's Main Event final table bring diversity to big stage
Nov. 4, 2009
There’s a logger from western Maryland, the world’s best poker player and a former Wall Street executive. There’s a magazine editor and a kid who just turned 21 years old. There’s also a professional from New York, a professional from South Florida, a professional from England and a professional France. “You put all that together and it’s the best mix I could ask for,” ESPN poker commentator Norman Chad said

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Fontainebleau developer plans appeal of rulings
Nov. 2, 2009
The developer of the stalled Fontainebleau resort on the Las Vegas Strip plans to appeal two key legal rulings in its lawsuit against banks over their decision to stop funding for the bankrupt project.

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Company blocks Web site that prompted M Resort lawsuit
Nov. 2, 2009
A marketplace for the buying and selling of Web site names has blocked access to a site that allegedly infringed on the trademark of Henderson's M Resort.

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From The Gaming & Business Blog

Venetian restaurant up for top honors -- for bathroom
The Venetian has won a slew of accolades over the years, including top awards like the AAA Five Diamond Award and Mobil Four Star Award. ...
Encore makes magazine's annual 'It List'
Steve Wynn just got an affirmation on his latest (and most expensive) work from one the leading travel magazines.
MGM Grand, Stratosphere join all day buffet trend
More casinos are turning to the all day, all-you-can-eat method to draw visitors to their properties. The MGM Grand is offering an all-you-can-eat pass for ...
Luxor makes buffet, Criss Angel and LAX a packaged deal
Tough economic times have prompted casinos to offer some rare deals, like $25 all-day buffet passes, buy-one, get-one free room rates and more than half ...
Wynn or Sands? 'Shake-up' headline creates confusion
Heartbeats may have risen momentarily for executives at Wynn Resorts on March 10, when this headline popped up on the Forbes.com Web site: "Wynn Resorts ...
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