Nevada Property 1 LLC, the parent company of the Cosmopolitan of Las Vegas, might have posted its ninth consecutive quarterly loss, but casino revenue at the luxury resort posted double-digit gains, topping increases in nongaming revenues.
Search results for:
Demolition work continued Friday at the Sahara where workers began dismantling the former NASCAR Cafe.
Shareholders of slot machine manufacturer WMS Industries approved the company’s $1.5 billion buyout by lottery provider Scientific Games.
Casino operator Affinity Gaming said Friday its overall revenues declined less than 1 percent in the quarter that ended March 31.
Las Vegas resident Daniel Healey made history last weekend, becoming the first poker player to win a legal, real-money online tournament in the U.S.
Local dignitaries revealed a plaque designating the El Cortez Hotel and Casino on the National Register of Historic Places on Thursday downtown. The hotel becomes one of nearly 80,000 properties listed on the NRS. The business opened in 1941 making it the oldest continuously operated casino in Las Vegas.
For more than a month, jurors in the Richard Suen trial have heard a lengthy roster of Chinese names, customs, and sections of constitutional law, all in a jumbled time sequence.
Sheldon Adelson ended the suspense on Tuesday night by deciding to forgo another trip to the witness stand in the breach of contract case brought by former Las Vegas Sands Corp. consultant Richard Suen.
For several days, company attorneys had hinted that the chairman and CEO might opt for another crack at persuading the jurors that Suen deserved nothing for his work in trying to win a Macau gaming license more than a decade ago. Suen, on the other hand, contends he had mapped out a winning strategy that is worth $328 million, based a $5 million success fee plus 2 percent of Sands’s net profits in Macau.
In trying to convince jurors that former Las Vegas Sands Corp. consultant Richard Suen should be paid for his work, an expert on Chinese business and politics who testified Monday had the unwitting endorsement of a proverb that decorates a courthouse wall.
U.S. commercial casinos collected $37.34 billion in gaming revenues in 2012, the second-highest figure ever produced by the nation’s gambling states.