Thanks to the gaming industry recovering faster from virus closures than anticipated and the robust rollout of its sports wagering product, IGT quarterly earnings are up.
Richard N. Velotta
Assistant Business Editor
Email: rvelotta@reviewjournal.com
Phone: (702) 477-3893
X: @RickVelotta
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.
Macao’s casinos generated revenue that was higher than June’s and higher than a year ago, but analysts were expecting more. A U.S. analyst thinks it won’t faze investment.
A Nevada Gaming Control Board report last week showed how much slot machines kept and how much was paid back to players. Will that help you decide where to play?
Gaming and Leisure Properties Inc. CEO Peter Carlino is cryptic in his comments about what’s next for Tropicana, which has been mentioned as a host for an A’s stadium.
The ramp-up of the Monarch casino in Black Hawk, Colorado, went better than expected and the Reno-based company that owns the Atlantis had record results.
Vici Properties plans to close on a deal to acquire The Venetian, Palazzo and the Sands Expo & Convention Center by early 2022.
Most tourism indicators point to a gradual improvement month by month, but some categories still haven’t reached pre-pandemic levels established in 2019.
State gaming win exceeded $1 billion for the fourth straight month in June, as Clark County casinos showed a 130 percent increase from 2020, bringing in $1.015 billion.
December’s National Finals Rodeo performances will start an hour earlier than in past years in a bid to generate a larger television audience on the East Coast.
Legalized sports betting will kick off in the Grand Canyon State on the same day the National Football League opens its 2021 season with a Tampa Bay-Dallas matchup.
R&R Partners principal Billy Vassiliadis says countering the messages of health departments about Las Vegas being unsafe because of COVID-19 wouldn’t be productive.
Donald Brinkerhoff, who designed the landscaping of The Mirage and dozens of other projects worldwide, including the 4.5-mile Strip corridor, died July 16 in Newport Beach, California. He was 90.
Las Vegas Sands, dedicated to its investment in Singapore with its iconic three-tower hotel, has shut down its casino while rival Resorts World operates at reduced capacity.
In its second-quarter earnings call, Southwest, profitable for the first time since 2020, reported that its expansion to new cities with new routes has been successful.
Improvements in the Las Vegas, Macao and Singapore markets have resulted in greater revenue and a narrowing of net losses in the second quarter.