A Massachusetts company is using Wynn Resorts Ltd.’s planned settlement of a Nevada complaint as evidence that it was unsuitable for a gaming license and shouldn’t have been picked to build a resort near Boston.
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.
It shouldn’t be that shocking to learn that from July 1, 2017, to June 30, 2018, 289 Nevada casinos that annually gross more than $1 million in gaming revenue lost a total of $1.168 billion.
MGM Resorts International CEO Jim Murren on Wednesday criticized the “perplexing” Justice Department Wire Act reinterpretation and made a case forhis company landing a gaming concession in Osaka, Japan.
GameCo has been licensed in New Jersey and now wants to bring its portfolio of video games to Nevada’s casino floors.
Station Casinos executives are more confident than ever in the Las Vegas locals market, reporting on Tuesday the company’s best fourth-quarter net revenue and adjusted cash flow in more than a decade.
The Las Vegas Ballpark will have some cool seats — much cooler than the metal bench seats of Cashman Field.
The LVCVA board of directors on Tuesday will consider a request from President and CEO Steve Hill to pay an estimated $113,000 in compensation to Luke Puschnig and start the process of recruiting a new attorney to serve the LVCVA and its board.
Lexicon Bank is raising capital to become the first new community bank in Southern Nevada in a decade.
The National Museum of Organized Crime and Law Enforcement recently sponsored a panel on whether the criminal element could infiltrate the gamingindustry’s new toy: nationwide sports wagering.
Acting Attorney General Matthew Whitaker on Friday staunchly denied influencing the Justice Department’s recent reinterpretation of the federal WireAct — a move that could further restrict internet gambling.
The operator of Southern Nevada’s Tropicana and M resorts narrowed losses and reported record fourth-quarter revenue Thursday thanks to its acquisition of Las Vegas-based Pinnacle Entertainment, completed in mid-October.
If the trade war with China escalates, it could cost a family of four an additional $500 a year for their clothing and shoes. That’s the outlook from Rick Helfenbein, president and CEO of the American Apparel Footwear Association.
One of the city’s oldest casinos has announced plans for two new projects at its downtown Las Vegas property.
Is the spread of casino gambling across the United States killing Las Vegas? No, the numbers say.
The state Gaming Control Board on Thursday said state win — the amount casinos ultimately take from gamblers — hit $999.7 million for the month, 4.1 percent more than in December 2017.