Associated Press · July 29, 2014 at 9:07 am
PHOENIX (AP) - Arizona's two U.S. senators are proposing legislation to block construction of a Phoenix-area casino planned by a southern Arizona tribe.
If enacted, the bill introduced Monday by Republicans John McCain and Jeff Flake would block the casino resort project planned by the Tohono O'odham (OTT'-um) Nation for a site on unincorporated land adjacent to Glendale.
The senators said … [Read more...]
Christopher Palmeri, Bloomberg · July 29, 2014 at 8:21 am
July 29 (Bloomberg) -- Wynn Resorts Ltd., the casino company founded by Steve Wynn, posted second-quarter profit that beat analysts’ projections as increased gambling in Las Vegas helped overcome tepid growth in the Chinese enclave of Macau.
Earnings excluding some items increased to $2.11 a share, beating the $2.03 average of 18 analysts’ estimates compiled by Bloomberg. Revenue gained 6 percent … [Read more...]
David Wethe, Bloomberg · July 29, 2014 at 12:00 am
(Bloomberg) -- When Joel Tarver noticed workers at Baker Hughes relaxing during breaks playing the hugely popular smartphone game Candy Crush, he figured he could put their play to work.
Tarver, senior manager for digital marketing at Baker Hughes Inc., convinced his bosses to let him build an oilfield version of the game. That way workers could still enjoy their game break, yet also get a little … [Read more...]
Alan Snel, Las Vegas Review-Journal · July 28, 2014 at 10:49 pm
Sixteen months ago, the University of Nevada, Las Vegas cut loose its campus stadium partner, Majestic Realty, to make peace with the Las Vegas resort industry.
The divorce meant abandoning a planned $900 million domed stadium.
It’s now clear that UNLV didn’t necessarily trade up.
Facing lukewarm support from the resorts, the university has shelved its desire for a dome, and instead is … [Read more...]
Jeff German, Las Vegas Review-Journal · July 28, 2014 at 8:48 pm
The wealthy Malaysian businessman authorities say led a World Cup betting scheme in Las Vegas and his son were released late Monday from the custody of federal immigration officials.
The Las Vegas Review-Journal reported Sunday that Wei Seng “Paul” Phua and his son Darren Phua had been taken into custody by U.S. Immigration and Customs Enforcement agents for possible deportation after two of … [Read more...]
Howard Stutz, Las Vegas Review-Journal · July 28, 2014 at 8:04 pm
Casino operator Affinity Gaming will restructure the Las Vegas-based company’s board of directors and has resolved any default issues surrounding its debt.
In a statement Monday, Affinity — which operates 11 casinos in four states including the off-Strip Silver Sevens and the three Primm resorts — said the company reached agreement with its lenders over a possible default on a portion of its … [Read more...]
Associated Press · July 28, 2014 at 3:05 pm
LAS VEGAS (AP) - Lawyers in Las Vegas are asking immigration authorities to release a wealthy Malaysian businessman who was charged in a World Cup betting scheme and remains in custody even after his poker star friends posted his bail.
Fifty-year-old Wei Seng Phua and his 22-year-old son, Darren Phua, are among eight people charged with setting up an illegal sports book in a Caesars Palace … [Read more...]
Las Vegas Review-Journal · July 28, 2014 at 4:41 am
A suspect has been arrested on suspicion of robbing Bellagio at gunpoint of tens of thousands of dollars.
A man was booked Sunday morning into the Clark County jail as a John Doe after being arrested by police at a resort late Saturday.
Police and casino sources estimated the suspect took between $30,000 and $50,000 from a cashier before leaving on foot.
The whole incident was caught on … [Read more...]
Howard Stutz, Las Vegas Review-Journal · July 28, 2014 at 2:00 am
Other than the shell of the building, not much remains from the Rat Pack-era Sahara following the property’s $415 million transformation into the SLS Las Vegas.
But operators of 1,600-room Strip hotel-casino, which opens Aug. 23, aren’t letting memories of the Sahara fade away.
The Sahara’s relevance on the Strip in 1960s Las Vegas is a primary feature of the recently launched $5.2 million … [Read more...]
Jeff German, Las Vegas Review-Journal · July 27, 2014 at 7:26 pm
Phil Ivey and another big-name professional poker player posted $2.5 million in cash last week to bail out key defendants charged in an international illegal sports betting operation that FBI agents busted at Caesars Palace.
But the two defendants, wealthy businessman Wei Seng “Paul” Phua and son Darren Phua, both Malaysian citizens, still were behind bars Sunday because federal immigration … [Read more...]
Mike Blasky and Ricardo Torres, Las Vegas Review-Journal · July 26, 2014 at 10:06 pm
An armed robber escaped with tens of thousand of dollars from the Bellagio on Friday night, and Las Vegas police have asked for the public’s help finding a person of interest in the crime.
Las Vegas police responded to the casino about 8:30 p.m. and the man pointed a gun at a cashier and demanded money. He then ran from the casino on foot.
It’s unclear if the man had a vehicle.
The man … [Read more...]
Associated Press · July 25, 2014 at 9:27 pm
PORTLAND, Ore. (AP) - An Oregon woman says 86 members of her family have been disenrolled from an American Indian tribe that operates the state's largest tribal casino, as leaders review the tribe's rolls and enforce new membership requirements.
Family spokeswoman Mia Prickett said she's shocked about being stripped of membership from the Confederated Tribes of the Grand Ronde, since one of the … [Read more...]
Associated Press · July 25, 2014 at 6:04 pm
DES MOINES, Iowa (AP) - The Iowa Supreme Court has ruled a Sioux City riverboat casino must close by Wednesday, rejecting a request that the operation be allowed to remain open while its owners pursue court action.
The Sioux City Journal reports a three-member panel of justices Friday denied a request by Penn National Gaming Co. to stay open while appealing a ruling by the Iowa Racing and … [Read more...]
Howard Stutz · July 25, 2014 at 5:56 pm
Imagine the dilemma in trying to market Atlantic City to the world.
One casino closed in January. Three of the remaining 11 resorts could be shuttered by September.
Atlantic City gaming revenue fell to $2.8 billion in 2013, the Boardwalk’s lowest total since 1989.
Almost daily, headlines concerning the market’s demise appear in the nation’s top media outlets, including the New York Times, … [Read more...]
Howard Stutz, Las Vegas Review-Journal · July 25, 2014 at 3:41 pm
How nice was June for Nevada casinos?
Online poker revenue cracked the $1 million mark for the first time since the activity was legalized 15 months ago.
Wagering on World Cup soccer accounted for the state’s highest-ever month in the “other sports” category of sports wagering, which included a 116.3 percent in increase in revenue.
Still, Wall Street remained somewhat reserved after the … [Read more...]
Associated Press · July 25, 2014 at 3:33 pm
LAS VEGAS (AP) - Nevada casino revenue shot up more than 14 percent in June, thanks to a banner month on the Las Vegas Strip and continued growth in baccarat, according to a report released Friday.
The month wrapped up a fourth straight fiscal year of gambling revenue growth as Nevada bounces back from a three-year streak of recession declines, the Nevada Gaming Control Board reported. Even … [Read more...]
Richard N. Velotta, Las Vegas Review-Journal · July 25, 2014 at 1:59 pm
Las Vegas visitor volume continued its record pace, posting the best June on record and the third-best month of 2014.
The Las Vegas Convention and Visitors Authority on Friday reported 3.46 million visitors to Southern Nevada for the month, a 3.1 percent increase over June last year. At the halfway point of 2014, Las Vegas is on pace to attract more than 41 million tourists, well ahead of … [Read more...]
Associated Press · July 25, 2014 at 7:14 am
CEDAR RAPIDS, Iowa (AP) - Former Linn County Attorney Eugene Kopecky has sued the Iowa Racing Gaming Commission over its rejection of the proposed Cedar Rapids casino.
Kopecky says he wants a court to force the commission to reconsider its decision and approve a license.
On April 17 the commission rejected the $164 million proposal, saying it would harm existing casinos. But Kopecky says the … [Read more...]
Wayne Parry, Associated Press · July 24, 2014 at 8:32 pm
ATLANTIC CITY, N.J. (AP) - A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers.
Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center.
The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down. Spokeswoman Carmen Gonzalez said the company … [Read more...]
July 24, 2014 at 8:03 pm
ATLANTIC CITY, N.J. (AP) - Chanting "Keep Showboat open," hundreds of casino workers and supporters staged a noisy, enthusiastic protest Thursday night on the Atlantic City Boardwalk aimed at getting the owners of the Showboat Casino Hotel to reverse their decision to close it next month.
More than 400 protesters marched from a small park near the Boardwalk to Caesars Atlantic City, where a … [Read more...]
Associated Press · July 24, 2014 at 6:16 pm
SANTA FE, N.M. (AP) - A northern New Mexico Indian tribe has proposed changing casino rules to lower the gambling age to 18 from 21, allow alcohol in gaming areas and stop tribal revenue sharing payments to the state.
The Interior Department has asked Gov. Susana Martinez and Attorney General Gary King to comment on Pojoaque Pueblo's proposals for casino gambling on tribal lands north of Santa … [Read more...]
Associated Press · July 24, 2014 at 6:15 pm
BEACHWOOD, N.J. (AP) - A large New Jersey shore family that suffered losses during Superstorm Sandy will share a $20 million lottery jackpot that one of the 17 siblings said would be "a great pick-me-up."
Members of the Endreson family packed the Beachwood Community Center Thursday afternoon for a news conference. A lottery spokeswoman said the siblings range in age from 53 to 76. The New … [Read more...]
Howard Stutz, Las Vegas Review-Journal · July 24, 2014 at 5:36 pm
The owner of slot machine route operator said Thursday his wife sold her stake in a potential Clark County medical marijuana dispensary, which eliminated any conflict with a regulatory request that gaming license holders stay away from the business.
During the public comment section of the Nevada Gaming Commission meeting in Las Vegas, attorney Jennifer Roberts said the wife of Bruce Familian, … [Read more...]
Howard Stutz, Las Vegas Review-Journal · July 24, 2014 at 5:17 pm
The Nevada Gaming Commission signed off on a $100,000 fine leveled against the Aria for preventing undercover gaming agents from watching a high-stakes roulette game last year.
The resort, which is operated by MGM Resorts International and is the centerpiece of the CityCenter development, agreed to the fine earlier this month in a stipulated settlement with the Gaming Control Board.
The … [Read more...]
Christopher Palmeri and Elizabeth Campbell, Bloomberg · July 24, 2014 at 4:24 pm
(Bloomberg) -- Caesars Entertainment Corp. won approval for a $1.75 billion refinancing from Illinois casino regulators over the objections of some bondholders.
A representative of some debtholders told the Illinois Gaming Board today that Las Vegas-based Caesars was putting the finances of its largest unit, Caesars Entertainment Operating Co., in jeopardy by shifting casino assets to other … [Read more...]