Gaming

Wynn: Okada misappropriated trade secrets, made false claims

From left, Kazuo Okada, Steve Wynn and Elaine Wynn gather after breaking ground Thursday, Oct. 31, 2002 on the $2.5 billion Le Reve property (now called Wynn Las Vegas) on the corner of Las Vegas Boulevard and Sands Avenue.

The new Wynn Resorts Ltd. lawsuit against board member Kazuo Okada includes new, detailed allegations, including charges Okada misappropriated Wynn trade secrets for his own use.

21 February 2012
By Steve Green

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Boyd narrows losses amid steady performance by local casinos

Boyd Gaming Corp. reported Tuesday that is losses shrank in the fourth quarter of 2011 as results improved at its Las Vegas locals casinos.

21 February 2012
By Steve Green

Boyd narrows losses amid solid performance by local casinos

Boyd Gaming Corp. reported Tuesday that its losses shrank in the fourth quarter of 2011 as results improved at its Las Vegas locals casinos.

21 February 2012
By Steve Green

MGM Resorts bringing Bellagio brand to Shanghai

Las Vegas-based casino resort operator MGM Resorts International said Tuesday it signed a joint-venture deal for development of a 200-room hotel in Shanghai that will be branded with MGM Resorts' luxury Bellagio name.

21 February 2012
By Steve Green

Wynn stock opens higher on Okada move

Wynn Resorts Ltd. shares opened higher Tuesday as investors absorbed the news from over the weekend that the Las Vegas casino company had involuntarily bought out shareholder Kazuo Okada with a 10-year, $1.9 billion note.

21 February 2012
By Steve Green

5 Las Vegas casinos that target their audience

The "Real World" suite at the Palms

Whether it’s adding traditional cuisine to a menu to appeal to Asian tourists, hosting pool parties targeted specifically at the gay and lesbian communities or simply providing space to park a horse trailer, Las Vegas casinos like to target niche markets.

21 February 2012
By Conor Shine

Business is a family affair for Golden Gaming’s Blake Sartini

Blake Sartini in the Gold Bar, a private enclave in Golden Gaming headquarters, on Thursday, Feb. 2, 2012.

Consider the ram, and its significance in the life of Blake Sartini. It is the official animal of his home state — Nevada. When he hunts big game, Sartini often tracks the powerful and elusive desert bighorn sheep.

20 February 2012
By John Katsilometes

Okada plans legal showdown with Wynn over share redemption, bribery charges

Las Vegas casino mogul Steve Wynn, right, talks with business partner Kazuo Okada during a Gaming Commission hearing Thursday, June 17, 2004, in Carson City, where Okada received approval for a license for his Japanese Aruze Corporation to manufacture and sell slot machines in Nevada.

Wynn Resorts Ltd. board member Kazuo Okada said late Sunday he wouldn't consent to Wynn's effort to redeem his shares in the Las Vegas-based company.

20 February 2012
By Steve Green

Wynn Resorts says Okada improperly paid regulators, buys out his shares

Las Vegas casino mogul Steve Wynn, right, talks with business partner Kazuo Okada during a Gaming Commission hearing Thursday, June 17, 2004, in Carson City, where Okada received approval for a license for his Japanese Aruze Corporation to manufacture and sell slot machines in Nevada.

Wynn Resorts Ltd. of Las Vegas said Sunday it moved to remove its largest shareholder from the company, saying it bought out the shares of billionaire Kazuo Okada for $1.9 billion after determining he had made improper payments to foreign gaming regulators.

19 February 2012
By Steve Green

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New restaurant in Primm pays homage to ‘King of the Accordion’

Ramon Ayala poses by an image of himself during the grand opening of Ramon Ayalas Cocina and Cantina at Buffalo Bill's resort in Primm on Feb. 16, 2012. Known as the "King of the Accordion," Ayala is a Mexican-American musician that has recorded more than 105 albums.

Ramon Ayala, the “King of the Accordion,” first rose to fame in the early 1960s as a member of Los Relampagos del Norte, or "Lightning from the North."

18 February 2012
By Tovin Lapan

Company to buy Hooters casino with $60 million credit bid

Hooters hotel-casino just off the Las Vegas Strip.

The main creditor of the Hooters hotel-casino in Las Vegas won the right Friday to take over the property and — importantly — its cash. The creditor, Canpartners Realty Holding Company IV, will buy Hooters Las Vegas with a $60 million credit bid under a sales plan approved by U.S. Bankruptcy Judge Bruce Markell during a hearing Friday. Hooters had been marketed to other potential buyers, but no other party submitted a qualified bid for the property.

17 February 2012
By Steve Green

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Boyd sues over ruling that it must pay tax on comped meals

The French Market Buffet inside Boyd Gaming's Orleans resort. The Nevada Tax Commission ruled in January 2012 that casinos must pay sales tax on comped meals given to gamblers and employees.

Boyd Gaming Corp. of Las Vegas, as expected, has filed a lawsuit to overturn rulings by the state Tax Commission requiring it to pay sales taxes on complimentary meals provided to employees and customers.

17 February 2012
By Steve Green

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Fire prompts partial evacuation of Santa Fe Station hotel

A fire early Friday in a room at the Santa Fe Hotel prompted the evacuation of the second floor of the establishment, Las Vegas Fire and Rescue reported.

17 February 2012
By Aida Ahmed

Pinnacle shares rise on 4th-quarter revenue gains

Pinnacle Entertainment Inc.'s shares jumped in trading Wednesday after the casino operator reported revenue gains at several of its casinos during the fourth quarter as well as lower costs across the company.

15 February 2012
Associated Press

Cosmopolitan announces ‘small’ layoff at Strip casino

The Cosmopolitan of Las Vegas, which has reported casino volumes smaller than some peers, said Tuesday it laid off an undisclosed number of employees.

14 February 2012
By Steve Green

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