Steve Green

Story Archive

First Nevada online poker marketing affiliate gets OK: Thursday, Sept. 6, 2012; The State Gaming Control Board made history again Thursday with the first approval for a marketing company to participate in online intrastate poker in Nevada.
Roof collapse temporarily closes small Las Vegas casino: Thursday, Sept. 6, 2012; A casino in northeast Las Vegas has been temporarily closed after its roof sustained structural damage. The Siegel Slots and Suites casino at 5011 E. Craig Road, near Nellis Boulevard, was shut down Friday after some of the trusses in the roof broke.
2 more companies recommended for Nevada online poker licenses: Thursday, Sept. 6, 2012; Two more companies cleared initial licensing hurdles today to potentially compete in Nevada’s new intrastate online poker industry.
Okada names two proposed Wynn board nominees: Thursday, Sept. 6, 2012; Dissident Wynn Resorts Ltd. board member Kazuo Okada on Wednesday identified two of his proposed independent nominees to the Wynn board – nominations that are subject to a judge restoring his rights as a shareholder.
Las Vegas bingo figure poised to buy competitor's assets: Wednesday, Sept. 5, 2012; Las Vegas gaming figure Yuri Itkis is poised to expand his bingo holdings with the proposed purchase of a competitor's assets.
Caesars stock falls; analysts say World Series of Poker could be spun off: Wednesday, Sept. 5, 2012; The stock of casino resort giant Caesars Entertainment Corp. of Las Vegas continues to fall this week as more analysts suggest it may have to restructure its debt and spin off assets like the World Series of Poker.
Coming soon to a casino near you: NASCAR and 'Pawn Stars' slots: Wednesday, Sept. 5, 2012; Casino supplier Bally Technologies Inc. of Las Vegas announced today it will unveil slot machines with themes of NASCAR and the "Pawn Stars" TV show.
Hard Rock, IGT in deal for social gaming application: Tuesday, Sept. 4, 2012; International Game Technology announced today that its DoubleDown Casino on Facebook is partnering with the Hard Rock Las Vegas hotel-casino, marking DoubleDown's first land-based partnership in the city.
Okada seeks injunction to vote Wynn shares: Tuesday, Sept. 4, 2012; Wynn Resorts Ltd. board member Kazuo Okada asked a Las Vegas judge Friday to restore his status as Wynn’s largest shareholder.
Casino dealers' union joins fight over Wynn tip-sharing policy: Monday, Sept. 3, 2012; Just in time for Labor Day, Nevada’s only casino dealers' union has joined the legal battle over whether Wynn Las Vegas can require dealers to share tips with supervisors. The Transport Workers Union, which represents dealers at Wynn and Caesars Palace, joined the fray late last week.
Las Vegas gaming lab hiring, but only nongamblers: Saturday, Sept. 1, 2012; Gaming Laboratories International, a New Jersey company licensed in Nevada to ensure that slot machines, online gaming and other casino systems meet gaming regulators' standards, is hiring. But if you want a job there, you can't gamble. That would be a conflict of interest.
This week's stock performers: The best and the worst locally: Friday, Aug. 31, 2012; Caesars Entertainment Corp.'s stock tumbled 10.7 percent this week to close at $7.18, while Shuffle Master stock gained 5 percent to close at $15.17.
Judge shutters two websites claiming affiliation with Walters: Friday, Aug. 31, 2012; A judge has issued a temporary restraining order shutting down two websites with domain names linked to Las Vegas sports gambler Bill Walters.
Beso at CityCenter closed; making way for restaurant with feminine appeal: Thursday, Aug. 30, 2012; Restaurant and casino investor Tilman Fertitta has closed Beso Steakhouse at CityCenter on the Las Vegas Strip and is transforming it into a new concept appealing to women.
New gaming machines bring thrill of video poker to keno, bingo: Thursday, Aug. 30, 2012; United Coin Machine Co., which operates slot machines in Nevada bars and stores, is adding new bells and whistles to its games to try to compete with full-fledged casinos.
Goldman Sachs, partner in deal to buy LVH hotel-casino: Wednesday, Aug. 29, 2012; The operator of the LVH hotel-casino in Las Vegas today said its chief creditor and a partner intend to buy it out of foreclosure in November and then continue operations. LVH workers today received a WARN ACT notice under the Worker Adjustment and Retraining Notification Act.
Celebrity chef Rick Moonen’s restaurant settles harassment suit, now faces wage claim: Tuesday, Aug. 28, 2012; A sexual harassment lawsuit against a restaurant at Mandalay Bay has been settled, but now the business faces a new legal headache in the form of a suit over employees’ wages.
Fifth Street Gaming will take over operations at two Siegel Group casinos: Monday, Aug. 27, 2012; Fifth Street Gaming, which has casinos in downtown Las Vegas and North Las Vegas, said Monday it's taking over gaming operations at two Siegel Group properties. The deals include the 112-room Gold Spike hotel-casino downtown and Siegel Slots and Suites at 5011 East Craig Road, near Nellis Boulevard.
Second-quarter LV casino results show slow improvement: Monday, Aug. 27, 2012; On the Strip, The Cosmopolitan of Las Vegas and MGM Resorts International fared the best in the second quarter, delivering surprisingly strong financial results, according to recent earnings reports. Wynn Resorts Ltd. and Las Vegas Sands Corp. produced solid local numbers, while Caesars Entertainment’s results were disappointing.
Bankrupt Las Vegas developer pleads guilty in federal case: Friday, Aug. 24, 2012; Bankrupt Las Vegas developer Jean Marc El Jwaidi pleaded guilty Friday to wire fraud and agreed to pay restitution of nearly $1.9 million to investors he victimized, records showed Friday.
Deal averts shutdown in state's horse-race betting: Thursday, Aug. 23, 2012; Nevada's $59.5 million horse race-betting sector will continue operating after the Nevada Gaming Commission pressed Thursday for the industry to avert a shutdown that threatened to take effect as early as Friday.
South Point, others approved for real-money online poker: Thursday, Aug. 23, 2012; Three companies received approval from the Nevada Gaming Commission today to participate in online intrastate poker.
Analysts see potential dark cloud for Las Vegas economy in 2013: Thursday, Aug. 23, 2012; The already-struggling Las Vegas economy could face more problems if the United States slips into a recession next year, local analysts say. On Wednesday, the Congressional Budget Office warned that a "fiscal cliff" threatens to cause a recession that would push up the U.S. unemployment rate.
Dissident board member ordered to pay Wynn legal fees: Tuesday, Aug. 21, 2012; Wynn Resorts board member Kazuo Okada was ordered Tuesday to pay the company $148,583 in legal fees after a judge found he improperly tried to litigate a dispute in federal court.
Tax evasion case reassigned after questions about Las Vegas judge: Tuesday, Aug. 21, 2012; A federal judge in Las Vegas is no longer presiding over a former nightclub owner's tax evasion case after questions were raised about potential ties between the judge's family and the defendant.
Suncoast security officers sue over alleged unpaid time worked: Monday, Aug. 20, 2012; The Suncoast hotel-casino in Las Vegas has been sued over allegations that security officers weren't paid for all the time they worked. A suit seeking class-action status was filed Aug. 14 in Clark County District Court.
Riviera reports smaller operating loss: Monday, Aug. 20, 2012; The owner of the Riviera hotel-casino on the Las Vegas Strip reported a smaller quarterly operating loss Monday as business overall was flat in the second quarter.
Station Casinos poised to pay down $150 million in debt: Wednesday, Aug. 15, 2012; Station Casinos LLC of Las Vegas on Wednesday said it plans to pay down $150 million in debt, thanks to a financing deal for one of its Indian gaming partners.
Who can use the Platters name onstage? Depends on whom you ask: Wednesday, Aug. 15, 2012; At 89, Las Vegas entertainment figure Jean Bennett should be comfortably retired and satisfied with her life’s work promoting and managing the 1950s super group the Platters. She’s not. ...
Divested of Rampart Casino, Cannery reports revenue dip, narrower loss: Tuesday, Aug. 14, 2012; Revenue fell for Las Vegas-based Cannery Casino Resorts LLC in the second quarter as its 10-year-old operations lease ended at the Rampart Casino at the JW Marriott resort in Summerlin. Revenue was off 9.1 percent on a year-over-year basis to $122.3 million. The company, however, reported a narrower loss of about $138,000 in the quarter versus the $2.77 million lost in 2011's second quarter.
Station Casinos posts $7.5 million profit for 2nd quarter: Tuesday, Aug. 14, 2012; Las Vegas locals gaming leader Station Casinos LLC posted a quarterly profit Tuesday as results continued to improve with the strengthening local economy and aggressive marketing efforts.
Aliante Station reports $1.2 million quarterly profit: Tuesday, Aug. 14, 2012; Aliante Station hotel-casino in North Las Vegas on Tuesday reported a second-quarter profit, as revenue from the casino, hotel, restaurants and bars improved. The 202-room property cost $662 million to develop and opened in late 2008. It was spun off to investors in its debt last year as part of the Station Casinos Inc. bankruptcy. Station Casinos has continued to manage the property.
Affinity Gaming sees improved revenue in Southern Nevada: Tuesday, Aug. 14, 2012; Las Vegas-based hotel-casino operator Affinity Gaming LLC on Tuesday said revenue improved during the second quarter for its Southern Nevada properties.
Jerry's Nugget in North Las Vegas files for bankruptcy: Monday, Aug. 13, 2012; After a lull in Las Vegas gaming bankruptcies, restructuring activity picked up Monday when the owner of Jerry's Nugget casino in North Las Vegas filed for Chapter 11 bankruptcy reorganization and protection. Under Chapter 11, businesses continue to operate while coming up with a plan to restructure their debt.
Brokers predict future of the Las Vegas Strip: Monday, Aug. 13, 2012; The money men behind the flashy sports book operator Cantor Gaming are trying to shake up the real estate sector of the gaming industry.
Gaming supplier Bally Technologies reports record sales: Thursday, Aug. 9, 2012; Gaming supplier Bally Technologies Inc. reported record sales Thursday as new and existing casinos ordered its slots, including new Grease and Michael Jackson machines.
Owner of Stratosphere reports flat 2nd-quarter business: Thursday, Aug. 9, 2012; The owner of the Stratosphere in Las Vegas says business was flat in the second quarter. American Casino & Entertainment Properties LLC said it lost $2.8 million during the quarter.
Former Senate candidate Sue Lowden sued over alleged unpaid campaign bill: Wednesday, Aug. 8, 2012; Defeated Nevada 2010 U.S. Senate candidate Sue Lowden was sued again Wednesday over allegations she and her campaign failed to pay about $78,000 to a Denver polling and public affairs company.
Court tosses Righthaven fair use appeal: Wednesday, Aug. 8, 2012; Las Vegas copyright lawsuit company Righthaven LLC suffered another setback Wednesday when an appeals court dismissed one of its appeals. The dismissal was requested by the nonprofit Center for Intercultural Organizing (CIO) in Portland, Ore.
South Point owner gets initial OK to offer real-money online poker: Wednesday, Aug. 8, 2012; South Point owner Michael Gaughan received initial approval Wednesday to proceed with launching a real-money intrastate poker website.

http://www.vegasinc.com/news/2012/aug/07/casino-atm-operator-social-media-and-internet-gamb/
Casino ATM operator in social media and Internet gambling alliance: Tuesday, Aug. 7, 2012; Las Vegas-based casino industry supplier Global Cash Access Holdings Inc. on Tuesday announced an alliance in the fast-growing social media and online gambling sector.
Stoney's North Forty files bankruptcy to block eviction: Tuesday, Aug. 7, 2012; Stoney’s North Forty LLC, owner of a barbecue restaurant and saloon in northwest Las Vegas, has filed for bankruptcy to block eviction proceedings.
Tropicana Las Vegas boosts quarterly revenue: Tuesday, Aug. 7, 2012; The Tropicana Las Vegas hotel-casino managed to boost revenue in the second quarter, even as it waited for new nightclub, beach club and restaurant offerings to open.
MGM Resorts' hotels cash in on return of tourists to Las Vegas: Tuesday, Aug. 7, 2012; Business picked up for MGM Resorts International during the second quarter, with the company on Tuesday reporting higher hotel room and occupancy rates for most of its Las Vegas Strip resorts.
Loveman: Economy hurts Caesars' results: Monday, Aug. 6, 2012; Caesars Entertainment Corp. said Monday its second-quarter loss widened as consumers spent less at its big resorts on the Las Vegas Strip and conditions deteriorated in Atlantic City. The company lost $241.7 million, or $1.93 per share, in the quarter vs. $155.5 million, or $1.24 per share, lost in the year-ago quarter.
Former gaming executive barred from future officer position after trading insider tip for show tickets: Monday, Aug. 6, 2012; A former Las Vegas gaming executive tied to an insider stock trading incident has been barred from serving as an officer or director of any public company through late 2014.
Laughlin casino market struggles, as Las Vegas bounces back: Monday, Aug. 6, 2012; The Laughlin casino market continued to struggle during the second quarter, gaming operator Tropicana Entertainment Inc. says.
2nd-quarter revenue up, losses down at Cosmopolitan: Friday, Aug. 3, 2012; The Cosmopolitan of Las Vegas reported a smaller quarterly loss Friday as business picked up across the board. The $3.9 billion, 2,966-room Las Vegas Strip casino-resort said it lost $18.76 million in the second quarter ended June 30 vs. a loss in the year-ago quarter of $54.3 million. Net revenue of $165.7 million was up from $126.1 million. Casino revenue continued to trail food, beverage and room revenue at the resort. But the gaming tables and slot machines generated a 37.1 percent increase in revenue on a year-to-year basis, from $28.2 million to $38.7 million.
Baseball’s Jose Canseco Jr. files for bankruptcy protection: Tuesday, July 31, 2012; Jose Canseco Jr., the 1988 American League MVP slugger for the Oakland A’s who later admitted to steroid use, filed for Chapter 7 bankruptcy protection Tuesday in Las Vegas.
CityCenter considering more testing to prove Harmon defects: Saturday, July 28, 2012; CityCenter executives are considering conducting more destructive inspections of its flawed Harmon Hotel tower on the Las Vegas Strip after a court ruling Friday.