Las Vegas Sun

October 22, 2014

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Steve Green

Story Archive

Even cowboys like luxury wear sometimes
Monday, Dec. 10, 2012
Pinto Ranch has made a name for itself by doing things different than other Western wear retailers. That won’t change during the 2012 Wranglers National Finals Rodeo. As a high-end retailer, Pinto Ranch will continue to sell items at its Fashion Show mall store and will participate in special events at the LVH and Hard Rock Hotel. But don’t bother looking for the company’s goods at Cowboy Christmas or Stetson Country Christmas.
Colliers Gaming Group expects Strip revenue to grow in coming years
Monday, Dec. 10, 2012
Mike Mixer predicts that upwards of $1.5 billion will be invested in the Las Vegas gaming market over the next two years. Mixer is the head of a new national gaming group established last summer by commercial real estate brokerage Colliers International.
This week's stock performers: The best and the worst locally
Friday, Dec. 7, 2012
With fiscal cliff drama continuing to unfold in Washington, stocks of most Las Vegas-based companies were little changed this week.
Caesars recommended for Nevada online poker license
Wednesday, Dec. 5, 2012
The online unit of Caesars Entertainment Corp. of Las Vegas today was recommended for licensure as an online intrastate poker operator in Nevada. At a meeting in Carson City, the State Gaming Control Board voted to recommend a license for Caesars to the Nevada Gaming Commission.
Harmon Hotel case to be tied up in court well into 2014
Tuesday, Dec. 4, 2012
Litigation over the flawed Harmon Hotel tower at CityCenter will continue well into 2014 under a court order issued Monday. A judge set a June 24, 2013, trial on CityCenter payment issues and a separate trial beginning Jan. 6, 2014, on the Harmon defect claims.
Bill Hornbuckle promoted to president of MGM Resorts
Tuesday, Dec. 4, 2012
MGM Resorts International of Las Vegas today announced the promotion of Bill Hornbuckle to the newly-created position of president and chief marketing officer. Hornbuckle will have expanded responsibilities, including gaming development. He had been serving as chief marketing officer since 2010.
Gaming CEO posts open letter to bank chief over lawsuit
Tuesday, Dec. 4, 2012
Las Vegas-based casino supplier Galaxy Gaming Inc. on Tuesday stepped up its defense against a Bank of America lawsuit, publishing an open letter on its website to the bank’s CEO complaining about the legal action.
No. 2 executive at CityCenter resigns
Monday, Dec. 3, 2012
Bill McBeath, president and chief operating officer of the $8.5 billion CityCenter casino-resort complex on the Las Vegas Strip, has resigned. CityCenter CEO Bobby Baldwin will assume his duties, MGM Resorts International told employees.
Nevada sports, race book operator facing regulatory complaint
Monday, Dec. 3, 2012
The state Gaming Control Board has filed a complaint against the old Leroy's race and sports book chain over problems including the alleged unauthorized acceptance of bets on the 2012 Kentucky Derby from certain locations.
Las Vegas casino supplier announces special dividend
Monday, Dec. 3, 2012
Las Vegas-based casino supplier Gaming Partners International Corp. today announced plans to return $1.48 million to shareholders through a one-time special dividend of 18 1/4 cents per share payable Dec. 18.
Budget resorts, locals casinos struggle in third quarter
Monday, Dec. 3, 2012
Third-quarter financials are in for the Las Vegas gaming industry, and they show continued difficulties for two of the valley’s three main casino sectors. While most high-end Strip resorts saw profits in the quarter ending Sept. 30, mass market Strip casinos struggled, as did locals casinos. The Strip’s budget properties faced an uphill battle trying to get recession-weary customers to part with their dollars. Some of the casinos also played unlucky, meaning they didn’t win as much as usual from gamblers.
This week's stock performers: The best and the worst locally
Friday, Nov. 30, 2012
With negotiations to avert the fiscal cliff having reported ups and downs, the broader stock market rose slightly and stocks of Las Vegas-based companies mostly increased this week from their closing prices on Nov. 23.
Nevada Supreme Court upholds ruling over failed luxury condo development
Thursday, Nov. 29, 2012
The Nevada Supreme Court has upheld a ruling against Chris Milam, who has been working to develop a stadium in Henderson, in a case involving an unrelated development.
L.A.-area firm buys Lake Las Vegas hotel, gaming property
Thursday, Nov. 29, 2012
Newage Lake Las Vegas LLC has purchased the Ravella at Lake Las Vegas hotel and the adjacent Casino MonteLago in Henderson, Clark County records show. The company bought the 13.84-acre Ravella site and the 1-acre Casino MonteLago site on Nov. 21 for $46.859 million from a subsidiary of Deutsche Bank, records show.
Bill's Gamblin' Hall to close in February for yearlong renovation
Thursday, Nov. 29, 2012
Bill’s Gamblin’ Hall & Saloon on the Las Vegas Strip will close Feb. 4 for renovation into a boutique property and is expected to reopen in early 2014, owner Caesars Entertainment Corp. said today. Caesars has lined up $185 million in financing to renovate the 199-room property.
Bill's Gamblin' Hall to close in February for yearlong renovation
Thursday, Nov. 29, 2012
Bill’s Gamblin’ Hall & Saloon will close Feb. 4 for renovation into a boutique property and is expected to reopen in early 2014, owner Caesars Entertainment ...
Casino titan says Las Vegas court ruling could scare away foreign investors
Wednesday, Nov. 28, 2012
Australian billionaire James Packer and his casino company say they got a raw deal from a Las Vegas judge and they want the Nevada Supreme Court to make things right.
Las Vegas company pleads guilty in $2 million illegal sports betting case
Wednesday, Nov. 28, 2012
After a long and secretive investigation involving federal agencies and Nevada gaming regulators, a defunct Las Vegas company pleaded guilty last week to an illegal gambling charge related to offshore sports wagering.
Lenders foreclosing on Las Vegas shopping center
Saturday, Nov. 24, 2012
In another high-profile commercial real estate foreclosure, lenders are moving to seize the Rainbow Promenade shopping center near U.S. 95 and Lake Mead Boulevard in northwest Las Vegas.
This week’s stock performers: The best and the worst locally
Friday, Nov. 23, 2012
Stocks of Las Vegas-based companies rose nearly across the board during this holiday week as the broader stock market turned in its best weekly performance since June.
Developer of Las Vegas projects walks away from deadly helicopter crash
Friday, Nov. 23, 2012
Jeffrey Soffer, the Miami businessman behind some of the largest developments in Las Vegas, is reported to have suffered minor injuries Thanksgiving day in a helicopter crash that left one person dead.
Gaming entrepreneur builds on North Las Vegas success to expand downtown
Tuesday, Nov. 20, 2012
At first glance, entrepreneur Seth Schorr might seem out of place in his casinos, which are in some of the tougher neighborhoods in and around North Las Vegas.
Online poker: What you need to know about the complex industry
Monday, Nov. 19, 2012
As Nevada moves toward launching real-money online poker, there are several concepts to keep in mind about the complexities of the emerging industry.
Strip resorts lauded for diversity and environmental efforts
Saturday, Nov. 17, 2012
Las Vegas casino operators received high rankings in several recent corporate responsibility reports lauding them for their commitment to the environment and workforce diversity.
This week’s stock performers: The best and the worst locally
Friday, Nov. 16, 2012
Most stocks of Las Vegas-based companies fell this week along with the broader stock market amid continuing uncertainties about the fiscal cliff, with the Standard & Poor's 500 index off 1.45 percent.
Barring a recession, Strip revenue expected to grow in 2013
Friday, Nov. 16, 2012
Depending on how the U.S. economy performs, Strip resorts next year could see revenue from all sources increase as much as 5.3 percent or decline as much as 8 percent, a group of analysts said Thursday.
MGM Resorts, 2 others get Nevada licenses for online poker
Thursday, Nov. 15, 2012
The Nevada Gaming Commission today issued licenses for three more companies to compete in the state’s new intrastate online poker industry.
Tech firm exec joins Caesars as chief financial officer
Thursday, Nov. 15, 2012
Casino resort operator Caesars Entertainment Corp. today said Donald Colvin will join the company in the high-profile position of executive vice president and chief financial officer.
Riviera posts wider 3rd-quarter loss
Wednesday, Nov. 14, 2012
The Riviera in Las Vegas posted a wider loss for the third quarter, mainly because of a noncash expense to write down the value of its assets. The 2,075-room Strip property said today it lost, on paper, $19.6 million vs. the $4.9 million lost in the year-ago quarter.
Aliante boosts quarterly casino revenue
Wednesday, Nov. 14, 2012
The Aliante hotel-casino in North Las Vegas said today its casino and hotel room revenue improved during the third quarter, while its overall finances remained steady from a year ago.
Galaxy Gaming chief accuses bank of ‘bullying tactics’
Wednesday, Nov. 14, 2012
The CEO of Las Vegas-based casino supplier Galaxy Gaming Inc. today accused Bank of America of “bullying tactics” that have caused unnecessary scrutiny by gaming regulators, and he reported that Galaxy is countersuing the bank in a dispute over a $1.1 million loan.
Cannery loss widens on Las Vegas locals' gaming slump
Wednesday, Nov. 14, 2012
Cannery Casino Resorts LLC’s loss widened in the third quarter as gamblers spent less at its two Las Vegas-area casinos. A regulatory filing today said revenue for the firm in the quarter ended Sept. 30 fell from $135.6 million to $119.5 million.
Station Casinos reports $11.2 million profit, buys controlling interest in Fertitta Interactive
Tuesday, Nov. 13, 2012
Las Vegas locals casino operator Station Casinos today reported a profit for the third quarter as revenue increased. The company also said it’s acquiring a controlling interest in Fertitta Interactive.
Las Vegas casino supplier Galaxy Gaming swings to a profit
Tuesday, Nov. 13, 2012
Las Vegas casino supplier Galaxy Gaming Inc. said today it swung from a third-quarter loss to a profit because of higher sales. The company sells casino table games and associated systems. Galaxy said third quarter revenue of $1.9 million was up from $734,000 in the year-ago quarter.
Affinity Gaming reports $7.5 million 3rd-quarter loss
Tuesday, Nov. 13, 2012
Las Vegas-based Affinity Gaming LLC today reported a wider third-quarter loss driven by write-offs related to the sale of three Northern Nevada casinos.
Pinnacle Entertainment stock falls as problems mount with Vietnam casino project
Monday, Nov. 12, 2012
The stock of Las Vegas-based casino operator Pinnacle Entertainment Inc. slumped today after the company disclosed problems and potential delays with a Vietnamese gaming resort in which it is investing.
MGM Resorts exec named CEO of Nevada Gold & Casinos
Monday, Nov. 12, 2012
An MGM Resorts International executive today was named president and CEO of casino operator Nevada Gold & Casinos Inc.
This week’s stock performers: The best and the worst locally
Friday, Nov. 9, 2012
Among the few local companies to see their stock prices rise this week were Allegiant Travel, up 1.3 percent; and casino suppliers IGT, up 4.4 percent, and Global Cash Access Holdings, up 5.3 percent.
Owner of Stratosphere reports 3rd-quarter loss of $3.3 million
Friday, Nov. 9, 2012
The owner of the Stratosphere in Las Vegas reported a quarterly loss today, saying summertime business for the hotel and two of its sister properties deteriorated on a year-over-year basis.
Cosmopolitan finances improve despite decline in casino revenue
Friday, Nov. 9, 2012
The Cosmopolitan of Las Vegas reported growth in sales and a smaller loss for the third quarter, despite lower casino revenue. The 2,966-room Las Vegas Strip resort opened during the down economy in December 2010.
Casino supplier’s profits rise on improved sales
Friday, Nov. 9, 2012
Las Vegas-based casino supplier Gaming Partners International Corp. cashed in on worldwide casino openings and expansions in the third quarter, reporting a higher profit on improved sales.
MGM Resorts extends contract with CEO James Murren
Thursday, Nov. 8, 2012
Casino resort operator MGM Resorts International today said Chairman and CEO James Murren has signed a new employment agreement extending through the end of 2016.
IGT reports profit due to slot sales and online gaming
Thursday, Nov. 8, 2012
Casino supplier International Game Technology today reported a higher profit for its fourth fiscal quarter as revenue improved from slot machine sales to land-based casinos, as well as from social and online gaming.
CEO of Las Vegas-based casino supplier to retire
Wednesday, Nov. 7, 2012
Las Vegas-based casino supplier Global Cash Access Holdings Inc. today said that Scott Betts, who has been CEO since October 2007, will retire effective Dec. 31.
Tropicana Entertainment sees higher 3rd-quarter profit
Wednesday, Nov. 7, 2012
Lower interest expenses drove a higher third-quarter profit for casino operator Tropicana Entertainment Inc. of Las Vegas, the company reported today.
Henderson sues Station Casinos and the state in tax dispute
Tuesday, Nov. 6, 2012
Henderson is suing the state and Station Casinos, the latest move in the fight over taxation of comp items and discounts provided to customers by Nevada casinos.
Revenue declines at the Tropicana
Monday, Nov. 5, 2012
The lack of an operating nightclub last summer at the Tropicana Las Vegas caused the resort's third-quarter revenue to decline, the company reported today. The 1,375-room hotel-casino said quarterly net revenue for the period ending Sept. 30 came in at $22.4 million, down from $24 million a year earlier.
Bar faces discipline over reported public sex acts
Monday, Nov. 5, 2012
Nevada gaming regulators are moving to discipline a Las Vegas bar where they say agents witnessed patrons performing sex acts in view of other customers. The State Gaming Control Board last week filed a nine-count complaint against Judy R. Nelson, dba Las Vegas Eagle.
This week’s stock performers: The best and the worst locally
Friday, Nov. 2, 2012
Chemical maker American Pacific Corp. was the biggest gainer, while several local gaming companies share in declines.
Busted illegal online gambling ring: Defendants have ties to organized crime, past gambling arrests
Friday, Nov. 2, 2012
The people arrested last week in an alleged illegal Internet gambling ring aren’t household names locally, but many are well known in sports wagering, poker — and law enforcement — circles.

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