The $1 billion Project Neon freeway construction effort that has frustrated motorists for weeks may also have taken a bite out of Boyd Gaming Corp.’s first-quarter earnings.
Richard N. Velotta
Richard N. “Rick” Velotta has covered business, the gaming industry, tourism, transportation and aviation in Las Vegas for 25 years. A former reporter and editor with the Las Vegas Sun, the Ogden (Utah) Standard-Examiner, the Arizona Daily Sun in Flagstaff and the Aurora (Colo.) Sun, Velotta is a graduate of Northern Arizona University where he won the school’s top journalism honor. He became the Review-Journal's assistant business editor in September 2018.
Study after study has concluded that stadiums aren’t effective economic development drivers. But a leading urban growth researcher says Orlando and Las Vegas are exceptions because of the strength of their regions’ tourism economies.
Penn National Gaming exceeded its own first-quarter expectations and remained on course to close on its merger with Las Vegas-based Pinnacle Entertainment that ultimately will save the company $100 million a year.