The Las Vegas-based gaming equipment manufacturer’s revenue and earnings for the quarter ending Sept. 30 beat Wall Street analysts’ expectations.
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.
Once the agreements with those two properties are wrapped up, the union will have established contracts with every property it had set out to complete.
With the Caesars deal in place, it’s getting closer to the time for clarity about gambling at the stadium, which currently wouldn’t be allowed.
Penn National Gaming Inc.’s record third-quarter income from operations, paced by the company’s two Las Vegas-area properties, wasn’t enough to hit revenue and earnings predictions by analysts.
Mark Frissora, Caesars Entertainment Corp.’s CEO since July 2015, will leave the company early next year.
Caesars Entertainment Corp., the operator of Caesars Palace and eight other Las Vegas casino properties, has signed a 15-year agreement to be a founding partner of the $1.8 billion Las Vegas stadium.
The Las Vegas Convention Center District Committee unanimously recommended approval of a $13.5 million contract for a builder representative to oversee the final phase of what ultimately will be a $1.4 billion expansion and renovation project.
The four-day event, which isn’t open to the public, is centered around products associated with cars and trucks.
Two non-gaming beachfront resorts in Dubai developed by Caesars Entertainment Corp. will open their doors in November and December.
Executives for one of the key players in sports-betting technology say it’s going to take time before the company establishes consistent cash flow from the fledgling industry.
MGM Resorts International on Tuesday reported better third-quarter results than Wall Street analysts expected and the company had projected.
But there were more than 4 million travelers for the seventh straight month, the Clark County Department of Aviation reported Tuesday.
Clark County and state casino win showed modest increases in September, but the 50 Las Vegas Strip licensees registered declines for the month, quarter and past 12 months, the state Gaming Control Board reported Tuesday.
A product doesn’t have to have four wheels to be a part of this week’s Specialty Equipment Market Show at the Las Vegas Convention Center — but it helps.
Four times a year, CEOs and company financial officers field questions about what an editor once told me is the purest form of public disclosure of corporate information because it involves easy-to-compare numbers. And this quarter, there will be far more questions than answers.