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Executive is third to leave Wynn Resorts in 2 weeks
Thu, 09 Sep 2010 01:35:00 -0000 -
Wynn Las Vegas has parted ways with another high-level nightclub executive, the company said today. |
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Shuffle Master reports higher revenue
Thu, 09 Sep 2010 00:47:00 -0000 -
Despite tough times in the Las Vegas casino industry, industry supplier Shuffle Master Inc. today reported higher quarterly revenue and profits thanks to strong sales activity in Delaware, Pennsylvania, Australia, Singapore and the Philippines. |
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Philanthropy steering hotel college through recession
Wed, 08 Sep 2010 09:00:00 -0000 -
Although many academic programs at UNLV have been slimmed down or gutted because of severe budget cuts, one bright spot has been the College of Hotel Administration, which survives mainly on private donations from the gaming industry. |
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Legal Internet gambling may help big casino firms, hurt small ones
Mon, 06 Sep 2010 09:01:00 -0000 -
Although major U.S. casino companies see a potential gold mine in legalizing Internet gambling, some operators of small, neighborhood casinos in Nevada - which make up most of the properties in the world's largest concentration of gambling halls - see problems. |
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Labor Day weekend outlook: More visitors, less spending
Fri, 03 Sep 2010 09:05:00 -0000 -
The outlook for Labor Day weekend in Las Vegas appears much like that for most holidays since the Great Recession took hold - visitors will still flock to the city but they will spend less. |
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Las Vegas Sands disputes businessman's role in landing Macau contract
Thu, 02 Sep 2010 21:49:00 -0000 -
An attorney for Hong Kong businessman Richard Suen says his services to Las Vegas Sands Corp. were worth more than $48 million in helping to clear the way for the company to build two casinos. |
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Tropicana Entertainment's Scott Butera: Casino's employees its most valuable assets
Thu, 02 Sep 2010 09:00:00 -0000 -
While some casino employers battle labor unions, Tropicana Entertainment CEO Scott Butera makes peace with them. Butera was a Wall Street investment banker who left after 14 years to restructure Donald Trump's ailing casino company in 2002. |
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Former Lady Luck owner has plans for Las Vegas market
Wed, 01 Sep 2010 18:53:00 -0000 -
The state Gaming Control Board today recommended approval of the licensing of the company that once owned the shuttered Lady Luck casino in downtown Las Vegas. |
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Moody's downgrades debt rating of Stratosphere owner
Tue, 31 Aug 2010 23:01:00 -0000 -
Disappointing financial results by the owner of the Stratosphere hotel-casino in Las Vegas resulted in a debt rating outlook downgrade today. |
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Sheldon Adelson appeals $58.6 million judgment
Tue, 31 Aug 2010 22:17:00 -0000 -
Gaming mogul Sheldon Adelson says a Las Vegas jury relied on “wishful thinking” in awarding $43.8 million to a Hong Kong businessman who says he used his influence to help Adelson get approval for two casinos in Macau. Adelson says there was no evidence presented at a 29-day trial to award the money to Richard Suen, who claims he was offered $100 million at one point. |
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Gaming industry tradeshow moving to Sands Expo
Tue, 31 Aug 2010 18:45:00 -0000 -
The gaming industry's annual tradeshow will find a new spot on the calendar and a new home in Las Vegas next fall. G2E is scheduled for Oct. 4-6 next year, rather than the middle of November. |
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Riviera bankruptcy plan includes new equipment, improvements
Mon, 30 Aug 2010 17:51:00 -0000 -
The Riviera Las Vegas hotel-casino would be spruced up and receive new gaming equipment under its parent company's bankruptcy reorganization plan. Unable to service its approximately $291 million in debt and liabilities, Riviera Holdings Corp. filed for Chapter 11 reorganization in Las Vegas on July 12. |
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As baccarat grows in popularity, so does the cheating
Mon, 30 Aug 2010 09:01:00 -0000 -
In a darkened conference room at the Tuscany, a group of casino surveillance managers lean forward in their chairs for a closer look at video footage of a man strapping a metal device to his left wrist and concealing it in his jacket sleeve. |
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Station Casinos gets approval for bankruptcy plan
Fri, 27 Aug 2010 19:49:00 -0000 -
RENO – Federal bankruptcy Judge Gregg Zive on Friday approved a plan for Station Casinos to emerge from bankruptcy. Thirteen months ago, Station Casinos entered the bankruptcy court faced with a $6.6 billion debt. |
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Caesars Palace to pay $250,000 over baccarat player's table walk
Thu, 26 Aug 2010 08:50:00 -0000 -
CARSON CITY – Caesars Palace has agreed to pay a $250,000 fine for allowing a man to walk and dance on a baccarat table while the game was being played. |
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Cosmopolitan, Marriott International announce partnership
Wed, 25 Aug 2010 18:01:00 -0000 -
The under-construction Cosmopolitan of Las Vegas resort has entered into an agreement with hotel giant Marriott International to help funnel Marriott customers to the $3.9 billion property. |
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Riviera loss narrows to $4.2 million in second quarter
Tue, 24 Aug 2010 16:40:00 -0000 -
Las Vegas hotel-casino operator Riviera Holdings Corp., which is reorganizing in bankruptcy, reported a smaller second quarter loss even as revenue fell. |
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More games per machine means fewer slots in Nevada casinos
Tue, 24 Aug 2010 09:00:00 -0000 -
While the number of slot machines nationwide continues to grow with the spread of tribal and nontribal casinos, one-armed bandits are decreasing in Nevada - a trend that has more to do with new technology than the recession. |
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Cycling toward cashless: ATM provider tests linking bank accounts, player cards
Mon, 23 Aug 2010 09:00:00 -0000 -
While slot machine technology has progressed by leaps and bounds from the days of two-dimensional cherries and 7s, the day when gamblers can insert bank cards directly into slot machines won't be here anytime soon - if ever. |
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Moody's raises ratings on Las Vegas Sands
Sat, 21 Aug 2010 00:49:00 -0000 -
Moody's Investors Service on Friday raised the ratings of Las Vegas Sands Corp., citing strong performance and favorable growth prospects for the casino operator's Asian gaming assets and maintained the casino operator's positive outlook. |
