For a Gaughan, buying a hotel-casino is child’s play
Hotel Nevada in Ely as seen Monday, July 22, 2013. Las Vegas based Gaughan Gaming, which is operated by John Gaughan, bought 50 percent of Hotel Nevada in Ely and will operate it. The hotel Nevada was once considered the…
Lake Las Vegas casino delays opening
The exterior of the closed Casino MonteLago at Lake Las Vegas is shown at 30 Strada di Villaggio in Henderson on Thursday, July 3, 2014. (Bill Hughes/Las Vegas Review-Journal) By ARNOLD M. KNIGHTLY LAS VEGAS REVIEW-JOURNAL The lone and historically…
About 330,000 Las Vegas visitors expected for Fourth of July weekend
Tourism experts are saying the three-day Fourth of July weekend that begins Friday is going to be hot and it has nothing to do with the weather. Local industry leaders are anticipating one of the busiest midsummer holidays on record,…
Ivey: Atlantic City Win Was All Skill
By WAYNE PARRY Associated Press World-famous poker player Phil Ivey says his disputed $9.6 million baccarat win at Atlantic City’s Borgata casino was all skill, and he’s seeking the dismissal of a lawsuit in which the casino accuses him of…
Macau gambling revenue suffers first decline in more than four years
REUTERS MACAU — Gambling revenue in Macau fell 3.7 percent in June on an annual basis, the first decline in more than four years, with analysts saying the soccer World Cup had diverted gamblers and their hefty bets away from…
Credit-default swaps buyers hobble Caesars’ turnaround effort
By SRIDHAR NATARAJAN and LAURA J. KELLER BLOOMBERG NEWS NEW YORK — Caesars Entertainment’s ability to negotiate a debt exchange that keeps it out of bankruptcy is being complicated by a surge in credit-default swaps that would be profitable if…
Study shows visitors have highest gambling budget in five years
While the percentage of travelers to Las Vegas who gamble continues to fall, those who play have the highest average gambling budget in five years. The Las Vegas Convention and Visitors Authority, in a recent Visitor Profile study, said the…
Aria agrees to $100,000 fine for preventing viewing of roulette game
CARSON CITY — The Aria on the Las Vegas Strip has agreed to pay a $100,000 fine for preventing a pair of state gaming agents from observing a high-stakes roulette game that, under state law, must remain open to the…
Summer Pool Parties Making Bigger Splashes
By Christopher G. Axelrod The pool season is well underway, and day club pool parties are experiencing record throngs – thongs from younger residents and tourists alike. Pools were always considered a resort amenity but now are viewed as a…
Caesars’ Turnaround Odds Hobbled by Swap Buyers: Distressed Debt
(Bloomberg) — Caesars Entertainment Corp.’s ability to negotiate a debt exchange that keeps it out of bankruptcy is being complicated by a surge in credit-default swaps that would be profitable if the casino operator defaults. The net amount of outstanding…