Cosmopolitan of Las Vegas trims loss, sees revenue grow
The Cosmopolitan of Las Vegas, which is in the process of being sold, grew revenue almost 17 percent in the second quarter and trimmed its quarterly loss. The Strip resort, which operates as Nevada Property 1, said in a filing…
Commentaries The EDM Genre Continues To Win Big In Las Vegas
EDM is the acronym for Electronic Dance Music, the fastest-growing type of music in the nation. Michael Rapino, CEO of Live Nation, has called it the “new rock and roll genre”. Robert F. X. Sillerman, the SFX Entertainment founder, pledged…
11 Serious Problems With Newsweek’s Weird Tirade Against Regulated Online Gambling
Did Sheldon Adelson buy Newsweek and no one said anything? I’m scratching my head for alternative explanations for how a mainstream news source could get so much wrong on the subject of regulated online gambling. In the order that they…
An Unusual Gangster: Doug J. Swanson Talks About Benny Binion
Doug J. Swanson’s “Blood Aces” documents the colorful, violent life of Benny Binion, the gangster who made his bones in Depression-era Dallas before moving to Las Vegas (with the law in hot pursuit). In the desert, he opened the Horseshoe…
AC Alliance responds to casino closings with ad
ATLANTIC CITY, N.J. (AP) – Atlantic City’s marketing arm is responding to a wave of casino closings with a new ad highlighting the many other things there are to do in the seaside resort. The Atlantic City Alliance will run…
Atlantic City casino revenue down 11 pct in July (updated)
ATLANTIC CITY, N.J. (AP) – Atlantic City’s casinos took in 11 percent less from gamblers in July than they did a year ago. Figures released Wednesday by the state Division of Gaming Enforcement show the 11 casinos won $274 million…
Christie Convenes Summit Next Month on Atlantic City Future
Aug. 13 (Bloomberg) — New Jersey Governor Chris Christie plans a summit of elected and casino industry officials to address the future of Atlantic City, according to an e-mailed statement. The meeting will take place on Sept. 8, two days…
Revel Delays Auction Indefinitely After Saying It Will Close
Aug. 13 (Bloomberg) — Revel AC Inc., the bankrupt Atlantic City, New Jersey, casino operator, postponed an asset auction indefinitely, the day after announcing it will close its doors by next month. The casino company said in court filings today…
Nongaming revenue helps Stratosphere, Arizona Charlies’ parent
Howard Stutz, Las Vegas Review-Journal Stratosphere and Arizona Charlies’ parent company said Wednesday nongaming revenue helped fuel the company’s second-quarter results. American Casino & Entertainment Properties said its overall net revenue for the quarter than ended June 30 increased 1.1…
New e-hail app for limos, other vehicles unveiled
Limousine drivers operating with the new Ride Genie smartphone application system say the process of requesting a ride will get easier for customers who use the service. Integrity Vehicle Solutions, a Las Vegas-based technology company spun off from the Frias…