Steve Green

Story Archive

Lawsuit filed over planned sale of Klondike Sunset Casino: Friday, June 22, 2012; A dispute over the planned sale of a Henderson locals casino has resulted in a lawsuit. A company called Its Gotta Go LLC filed suit Thursday in Clark County District Court claiming the owners of the Klondike Sunset Casino have breached a May 12 agreement to sell the property. The suit says Its Gotta Go agreed to pay $3.56 million for the property at 444 W. Sunset Road, near Boulder Highway.
Judge shuts down website in casino trademark lawsuit: Friday, June 22, 2012; The owner of the Stratosphere hotel-casino in Las Vegas is suing a publicly-traded Seattle company, alleging trademark infringement.
Wynn scores interim win in legal struggle with Okada: Thursday, June 21, 2012; A federal judge on Thursday rejected an effort by Wynn Resorts Ltd. board member Kazuo Okada to make a U.S. anti-bribery law a key issue in the litigation between he and the company.
Judge scolds shareholders’ attorneys suing MGM Resorts International: Thursday, June 21, 2012; A judge on Wednesday scolded attorneys suing MGM Resorts International and told them to knock off what he suggested were abusive litigation tactics.
Fitch: Station Casinos project likely unaffected by Indian gaming ruling: Wednesday, June 20, 2012; An Indian casino under development in California in partnership with Station Casinos LLC isn't among the Indian gaming projects around the country that may be affected by a U.S. Supreme Court ruling this week, Fitch Ratings said Wednesday, reversing an earlier statement about the project.
Casino supplier hits mobile app developer with trademark suit: Wednesday, June 20, 2012; The Internet is littered with casino applications for iPhones and other mobile devices — some potentially infringing on game makers’ trademarks.
Henri Bendel fashion accessory stores coming to Las Vegas: Wednesday, June 20, 2012; Limited Brands Inc. is bringing its Henri Bendel retail concept to Las Vegas.
Las Vegas Sands suing website offering casino links: Wednesday, June 20, 2012; Hotel-casino giant Las Vegas Sands Corp. is suing a British website operator it says has misappropriated the Sands name.
Ruling could slow development of some Indian casinos: Tuesday, June 19, 2012; Wall Street analysts say a U.S. Supreme Court ruling could stall development of some Indian casinos around the country. The court allowed a lawsuit to proceed in which a foe of the Gun Lake Casino in Michigan is challenging the federal government’s decision to take land into trust on behalf of the Gun Lake tribe.
Elaine Wynn sues for right to sell shares in casino company: Tuesday, June 19, 2012; Wynn Resorts Ltd. board member Elaine Wynn took legal action Tuesday in hopes of invalidating a stockholders’ agreement that restricts her ability to sell her shares — valued at more than $1 billion — in the casino resort company.
Wynn seeks to depose Okada in Las Vegas: Tuesday, June 19, 2012; Casino resort owner Wynn Resorts Ltd. asked a state court judge Monday to require that dissident board member Kazuo Okada appear for a deposition in Las Vegas so he can be questioned by Wynn attorneys.
Cantor Gaming to take over Silverton sports book: Monday, June 18, 2012; Cantor Gaming of Las Vegas said Monday it reached an agreement to develop and operate a race and sports betting book at Silverton Casino Hotel in Las Vegas.
Nevada's tourism efforts keep the state competitive: Monday, June 18, 2012; Despite its struggles during the recent recession, Nevada’s gaming economy received strong marks in a U.S. Chamber of Commerce study analyzing states' economic competitiveness. Nevada was praised for its efforts to attract international tourists.
4 more HOAs sued over collection costs deemed improper: Saturday, June 16, 2012; Four more Southern Nevada homeowner associations have been sued over allegations they’ve been requiring purchasers of foreclosed homes to pay off inflated liens.
In ongoing dispute, Wynn hits back against Okada: Friday, June 15, 2012; Wynn Resorts Ltd. hit back Friday against board member Kazuo Okada in their legal dispute, calling Okada’s latest charges recycled and baseless. Las Vegas-based Wynn, a casino-resort operator, and Okada have been fighting over charges and countercharges of wrongdoing.
Casino operator buys bankrupt poker tour and league: Friday, June 15, 2012; Casino operator Pinnacle Entertainment Inc., of Las Vegas, announced today that it is buying the Heartland Poker Tour and its related assets, including poker website domain names, for $4.5 million.
Okada asks court to restore his Wynn shares: Friday, June 15, 2012; The 6-month-old legal dispute between Wynn Resorts Ltd. board member Kazuo Okada and the rest of the Wynn board is heating up, with Okada asking a court Thursday to restore him as the largest Wynn shareholder.
U.S. judge refuses to stop Chinese lawsuit against Las Vegas Sands: Friday, June 15, 2012; A United States judge on Thursday rejected a request that he block a Chinese company from suing Las Vegas Sands Corp. in China.
Righthaven ordered to pay attorney's fees in another case: Thursday, June 14, 2012; Righthaven LLC, the Las Vegas copyright infringement lawsuit filer, was ordered Thursday to pay $131,457 in attorney's fees to a defendant that prevailed against Righthaven in court.
Baseball’s Jason Giambi, co-investors sue Las Vegas casino over club and restaurant deals: Thursday, June 14, 2012; Colorado Rockies baseball player Jason Giambi and others say they struck out with $6.6 million in investments in clubs and restaurants at a Las Vegas casino, and they’re suing to recover profits they claim to be entitled to.
Nevada moves to No. 3 in foreclosure ranking: Wednesday, June 13, 2012; Foreclosure activity slowed in May in Las Vegas and statewide, according to new data released Wednesday.
Vermillion sues charity she founded, alleging defamation: Wednesday, June 13, 2012; Former Henderson City Councilwoman Kathleen Vermillion is suing the charity she founded, claiming defamation. Vermillion says in the suit she was defamed when negative information about her was discussed internally at the youth charity.
New hotel set to open in North Las Vegas: Wednesday, June 13, 2012; In a bit of good economic news for beleaguered North Las Vegas, a SpringHill Suites by Marriott hotel is set to open there on June 22.
Former Las Vegas Mob Experience exec files $20.7 million bankruptcy: Wednesday, June 13, 2012; A second former executive at the old Las Vegas Mob Experience attraction has filed for bankruptcy protection. Louis Ventre listed $20.7 million in liabilities against $48,778 in assets in Tuesday’s Chapter 7 bankruptcy filing in Las Vegas.
Steve Wynn invests $15 million in Pie Face meat pie chain: Tuesday, June 12, 2012; He’s not exactly known as a meat and potatoes guy. In fact, he's a vegan. But casino developer Steve Wynn has purchased a 43-percent stake in the American branch of an Australian meat pie bakery and café chain.
Summerlin office building owner files for bankruptcy: Monday, June 11, 2012; Investors and lenders likely face more losses after the owner of a Summerlin office building filed for bankruptcy last week. CBS I LLC filed for Chapter 11 bankruptcy reorganization and listed $19.4 million in both assets and liabilities.
Wynn debt rating affirmed despite Chinese slowdown: Friday, June 8, 2012; A key Wynn Resorts Ltd. debt rating was affirmed Friday, even as analysts continued to warn about a growth slowdown in Macau. Fitch Ratings in New York affirmed its ''BB'' long-term issuer default rating (IDR) on Las Vegas-based Wynn.
Las Vegas house prices up as inventory shrinks: Friday, June 8, 2012; Existing home prices in the Las Vegas area in May edged up from April, and total sales increased, the Greater Las Vegas Association of Realtors reported Thursday. The group said the median single-family home price was $128,000, up 1.6 percent from one year ago.
Nonprofit: Lack of copyrights thwarts Righthaven appeal: Thursday, June 7, 2012; An Oregon nonprofit group asked a court Thursday to dismiss one of the Righthaven LLC copyright lawsuit appeals, saying Righthaven can no longer participate in the case since it’s been stripped of its copyrights.
Sheldon Adelson's Las Vegas Sands looking at NYC for expansion: Thursday, June 7, 2012; Even after rejecting Boston as a potential expansion site, Las Vegas Sands Corp. remains interested in key markets outside Nevada, including New York City, Europe, Asia and Canada, executives said during a company shareholder meeting.
Las Vegas retail sector improving, but challenges remain: Thursday, June 7, 2012; One group of analysts expects improvements in the Las Vegas retail market through the end of the year – but conditions will remain difficult for certain properties.
Top Nevada court asked to weigh in on Fontainebleau lien dispute: Wednesday, June 6, 2012; The Nevada Supreme Court is weighing whether contractors or lenders should receive about $100 million left over from the $156 million bankruptcy auction of the stalled Fontainebleau Las Vegas casino resort.
Hotel near Las Vegas Convention Center in bankruptcy: Tuesday, June 5, 2012; The owner of the Blair House Suites hotel near the Las Vegas Convention Center filed for Chapter 11 bankruptcy reorganization on Tuesday.
Exec moves to Global Cash Access; other personnel moves announced: Tuesday, June 5, 2012; Former Shuffle Master Inc. board member and chief operating officer David Lopez on Tuesday was named president of Global Cash Access Holdings Inc.
Late Platters founder Herb Reed most proud of Las Vegas lawsuit victory: Tuesday, June 5, 2012; The Platters founder and singer Herb Reed died Monday at the age of 83, his managers announced.
Strong earnings cap eventful week for Shuffle Master: Monday, June 4, 2012; Capping an eventful six days, Las Vegas casino supplier Shuffle Master Inc. on Monday reported a strong gain in its quarterly profit on record revenue.
Justice Department alleges Las Vegas casino discriminated against non-citizens: Monday, June 4, 2012; The U.S. Justice Department is suing the Tuscany Suites & Casino in Las Vegas over allegations the property discriminated against non-U.S. citizen job applicants and employees over a five-year period.
Former Las Vegas gaming executive settles SEC insider trading suit: Monday, June 4, 2012; Former Las Vegas gaming executive R. Brooke Dunn has agreed to pay a fine of $181,594 to settle a federal complaint alleging he was involved in an illegal insider stock trading incident.
HOA scandal involving millions of dollars and thousands of homes cuts wide swath across Las Vegas Valley: Sunday, June 3, 2012; In 2006, condominium owners in Las Vegas’ Vistana community were accused by a lawyer of dreaming up wild, Oliver Stone-like conspiracy theories as they complained about corruption in their community association. After six years, more than two dozen guilty plea deals and four untimely deaths among witnesses or participants, the Vistana owners say they have been vindicated.
Points to be aware of in HOA scandal: Sunday, June 3, 2012; The number of defendants in the criminal case involving HOA corruption could eventually top 50, making this one of the larger criminal schemes in Las Vegas history. But to put things in perspective, there are 2,356 homeowner associations in Clark County and 2,979 statewide, meaning just a small fraction were affected by the scam.
Former Southern Nevada businessman targeted in SEC fraud lawsuit: Friday, June 1, 2012; A timeshare and real estate Ponzi scheme operating partly out of Henderson and Las Vegas bilked some 1,200 investors out of $163 million, the U.S. Securities and Exchange Commission charges in a new lawsuit.
Casino game-testing company expanding Las Vegas operations: Friday, June 1, 2012; Capitalizing on the growth of the physical and online casino industry and new private gaming device-testing opportunities, Las Vegas-based BMM International is expanding its operations.
Details on real estate agents' roles in HOA fraud revealed: Friday, June 1, 2012; New details surfaced Thursday — including on the role of real estate agents — in the long-running criminal investigation into fraud and corruption at Las Vegas-area homeowner associations.
Las Vegas businessman files $310 million personal bankruptcy: Thursday, May 31, 2012; In 2008, developer Rick L. Burton’s company boasted in a news release that it had out-bid Wynn Resorts Ltd. and Las Vegas Sands Corp. for the right to develop a private air terminal at McCarran International Airport.
Nevada remains top state for foreclosure-related home sales: Thursday, May 31, 2012; Nevada continues to lead the nation in the percentage of home sales tied to foreclosures, new data show. Foreclosure data provider RealtyTrac reported Wednesday that during the first quarter of this year, 12,405 homes sold in Nevada were in the pre-foreclosure process or had already been foreclosed on.
Fitch downgrades North Las Vegas debt: Friday, May 25, 2012; The financial struggles of North Las Vegas have not gone unnoticed on Wall Street, where one company downgraded certain city debt on Friday.
New suit challenges motorcycle helmet enforcement in Southern Nevada: Friday, May 25, 2012; An attorney filed another lawsuit Friday claiming Southern Nevada police departments have been violating the rights of a motorcyclist by improperly enforcing the state’s helmet law.
Investor attorneys downplay ruling on Nevada HOAs: Friday, May 25, 2012; Attorneys suing Nevada homeowner associations over what they call inflated liens against foreclosed homes say a Nevada Supreme Court ruling on the issue this week won’t affect their lawsuits.
Righthaven dodges problems in two cases: Friday, May 25, 2012; Copyright infringement lawsuit filer Righthaven LLC of Las Vegas received breaks in two of its cases this week, though it still faces plenty of challenges down the road.
Survey paints bleak picture of financing prospects for Nevada businesses: Bankers say results reflect difficult economic conditions, not changes in lending standards; Thursday, May 24, 2012; Nevada has the highest percentage in the nation of small and midsized businesses struggling to gain financing, a new study shows. The study found 75 percent of 76 Nevada businesses surveyed are facing limited growth opportunities due to the ''difficult financing environment.''