Gaming

Cosmopolitan lost $25 million in first quarter

An exterior view of the Cosmopolitan hotel tower Monday, March 11, 2013.

The Cosmopolitan of Las Vegas has reported a $24.7 million first-quarter loss, according to a Friday filing with the Securities and Exchange Commission.

10 May 2013
By Ed Komenda

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Baccarat leads way as Nevada gaming revenues climb in March

Nevada gaming revenues increased 7 percent in March compared to the same month a year ago — up $60 million to $914.7 million.

10 May 2013
By Cy Ryan

Las Vegan wins first real-money online poker tourney in U.S.

A winner has been crowned in the first ever real-money online poker tournament in the United States.

9 May 2013
By Ed Komenda

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Station Casinos says it knows Ultimate Poker has shortcomings, but being first was more important

A screen shot of the new Ultimate Poker game being launched on Facebook Friday, June 22, 2012, by Las Vegas company Fertitta Interactive as seen demonstrated on Tuesday, June 19, 2012.

To the experienced online poker player, Station Casinos' Ultimate Poker website can feel like a trip back to the Stone Age. Players have complained about the software, interface and speed. Station officials say they are aware of the criticism and are working to improve the site. Despite the glitches, they met their goal: being the first legal, real-money poker site in the country. In fact, Station executives say some of the shortcomings may help them.

9 May 2013
By Paul Delos Santos

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Why Nevada needs to look at Dotty's one way, sports book kiosks another

A row of snacks is offered to players at Dotty's near Eastern and Serene in Henderson on Thursday, March 24, 2011.

With the Nevada Legislature seriously discussing gaming policy, I've got some thoughts about Dotty's, and about sports betting kiosks in neighborhood taverns.

8 May 2013
By J. Patrick Coolican

Joe Downtown: Slots making brief reappearance at Gold Spike

The Gold Spike casino and hotel, seen from Fourth and Ogden streets, in downtown Las Vegas.

The Gold Spike reopened this week with a surprising addition: slot machines. Technicians on Tuesday morning wheeled some 10 or more machines out of a truck and onto the floor of the business, which closed April 21, less than a month ago after being purchased from Siegel Group Nevada Inc. by Downtown Project investors. After the sale was completed, Tony Hsieh, Zappos CEO and one of the Downtown Project partners, said it would not reopen as a casino.

7 May 2013
By Joe Schoenmann

Gaming industry sees biggest revenue gains since recession

American Gaming Association President and chief executive Frank Fahrenkopf speaks during the Global Gaming Expo (G2E) at the Las Vegas Convention Center on Wednesday, Nov. 17, 2010.

The U.S. casino industry captured $37.3 billion in gaming revenues in 2012, a 4.8 percent increase from 2011. hat growth rate is largest since the recession swept through the industry in 2008, according to the American Gaming Association.

6 May 2013
By Ed Komenda

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Demolition of shuttered Oasis casino in Mesquite getting underway

A lone truck drives along I-15 past the shuttered Oasis casino in Mesquite.

The Oasis casino and Resort in Mesquite will be demolished, one building at a time, starting Saturday. Lunas Inc of Las Vegas will complete the demolition, which involves leveling several buildings over the course of three months.

3 May 2013
By Tovin Lapan

Jim Murren talks online poker, MGM's park on the Strip and the Rolling Stones

Jim Murren, Chairman and CEO of MGM Resorts International, speaks Wednesday, Oct. 4, 2011, at G2E at The Venetian.

MGM Resorts International reported its best quarter in five years Thursday. Chairman and CEO Jim Murren reflected on the good news and looked ahead to MGM's next big task: developing an outdoor dining, retail and recreation plaza on the Las Vegas Strip.

3 May 2013
By Richard N. Velotta

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Slot machine cheat considered for Nevada’s Black Book

A Black Book, a State Gaming Control Board list of people excluded from Nevada casinos, is displayed at the Mob Museum in downtown Las Vegas Monday, Feb. 13, 2012. At right is a page on former mobster Tony "The Ant" Spilotro, who was removed from the book only after his death.

A convicted slot machine cheat has been nominated to by the state Gaming Control Board to the state’s Excluded Person List — the so-called Black Book of people not allowed to step foot in a casino. The three-member board today nominated Roderick William Dee III to the list.

2 May 2013
By Richard N. Velotta

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MGM pulls out of downturn with record earnings at CityCenter

A view of MGM's CityCenter taken from a helicopter Monday, May 21, 2012. Vdara is at left, and Aria is at right. Boosted by an all-time earnings record at its CityCenter development, MGM Resorts International shifted from the red to black for the quarter that ended March 31, reporting a net income of $6.5 million on revenue of $2.54 billion.

Boosted by an all-time earnings record at its CityCenter development and its best-ever first quarter in Macau, MGM Resorts International shifted from the red to black for the quarter that ended March 31. The Las Vegas-based company today reported net income of $22.6 million, 1 cent a share, on revenue of $2.54 billion. That compared to a first-quarter loss of $203.3 million, 44 cents a share, on revenue of $2.47 billion for the same quarter a year earlier.

2 May 2013
By Richard N. Velotta

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Las Vegas Sands sets record 1st-quarter profit of $572 million

Las Vegas Sands has reported record first-quarter earnings, accelerated by massive growth in Macau.

1 May 2013
By Ed Komenda

Caesars Entertainment still on shaky ground, loses $200 million in first quarter

Caesars Entertainment narrowed its losses during the first quarter but still saw revenue fall 2.9 percent, from $2.21 billion to $2.14 billion, and experienced a net loss of $216.7 million.

1 May 2013
By Richard N. Velotta

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Gaming Control recommends approving Pinnacle acquisition of rival Ameristar

The state Gaming Control Board conducted its monthly meeting today in Las Vegas.

1 May 2013
By Richard N. Velotta

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Online poker: The perks and pitfalls of being first in the country

A screen shot of the new Ultimate Poker game being launched on Facebook Friday, June 22, 2012, by Las Vegas company Fertitta Interactive as seen demonstrated on Tuesday, June 19, 2012.

The race to roll out the first legal, real-money poker website in the United States is over — and it ended in Nevada. Station Casinos on Tuesday launched a 30-day trial of UltimatePoker.com, which allows in-state gamblers to play online poker from computers or mobile devices. “It’s a new day in online gaming,” Ultimate Poker Chairman and Founder Tom Breitling said. “Nevada is first, and Nevada should be proud.”

1 May 2013
By Ed Komenda

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