Parent of Cosmopolitan of Las Vegas reports quarterly net loss, improved numbers for 2013
The company that runs the Cosmopolitan of Las Vegas on the Strip on Friday reported a $25.5 million net loss for the fourth quarter of 2013. The quarterly net loss for Nevada Property 1 LLC, the parent company that operates…
Full House Resorts to Acquire Fitzgerald's Casino in Tunica, Mississippi
WSJ LAS VEGAS–(BUSINESS WIRE)–March 24, 2014– Full House Resorts (NASDAQ:FLL) (“Full House”) today announced that it has entered into a definitive agreement with The Majestic Star Casino LLC to acquire all of the outstanding membership interests of the entity operating…
Florida’s gambling growth fuels legislative push
Bookmark and Share TALLAHASSEE, Fla. (AP) – South Florida has frequent flights from around the country, Latin America and Europe visitors by the millions each year and Indian casinos that perform better than those in most other states. On top…
Real Estate Rebel: How the Late David Atwell set the Standard for Megadeals on the Strip and changed it's landscape
The late David Atwell When we look at the Strip, the builders get all the headlines. We read about the towering figures who transformed the Strip with Caesars Palace, Bellagio and CityCenter. They take an empty space—which, given our penchant…
Caesars acquisitions signal change in gaming
Two recent moves by Caesars Entertainment say a great deal about where the gambling industry is headed. In January, the company bought the non-gaming assets of the Atlantic Club, an Atlantic City casino that began life as Steve Wynn’s Golden…
Victor Drai’s at Cromwell will be ‘the most beautiful nightclub you have ever seen’
An artist’s rendering of Victor Drai’s Beach Club and Nightclub atop the Cromwell on the Strip, where the Barbary Coast used to be. By Robin Leach Wednesday, March 5, 2014 | 2 a.m. Victor Drai gives a tour of his…
Gambler sues, says he lost $500,000 playing drunk
A Southern California man is suing the Downtown Grand for loaning him money and allowing him to play while he was blackout drunk. (John Locher/Las Vegas Review-Journal file) By HANNAH DREIER ASSOCIATED PRESS A man who lost $500,000 playing table…
SLS Las Vegas to become part of Preferred Hotels Guests loyalty program
The new SLS Las Vegas, formerly the Sahara, will become part of the Preferred Hotels & Resorts guest loyalty program, which includes independent hotels and resorts worldwide. SLS Las Vegas is slated to open Labor Day weekend. (David Becker/Las Vegas…
Pa. casinos post monthly decline in slots revenue
HARRISBURG, Pa. (AP) – Regulators say bad winter weather once again kept gamblers away from Pennsylvania casinos. The Pennsylvania Gaming Control Board said Wednesday that revenue from slot machines in February totaled $181 million, down more than 7.5 percent. Ten…
(New York) Casino vote unanimous, but the take on what it means is not
SARATOGA SPRINGS >> The City Council’s unanimous vote against expanded casino gaming in the city means different things to different people — even to the commissioners themselves. For city Public Works Commissioner Anthony “Skip” Scirocco, the vote “sends the right…