The company’s CEO says while tariffs on operating expenses, such as food and beverage, are manageable, higher costs involving capital expenses are another story.
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.
MGM Resorts International executives said during a recent earnings call that the company plans to renovate hotel rooms at two of its Strip properties in the coming years.
Two big fines against two MGM properties and Resorts World resulted in different responses and perspectives from those paying $19 million in fines.
The company that operates Station Casinos also gave an update on the Durango expansion and more projects.
Strip gaming win was off 4.8 percent from a year ago, but downtown Las Vegas was one of three submarkets that enjoyed a double-digit percentage increase in March.
Bally’s is seeking to raise roughly $195.1 million for the yet-to-be-completed project in Chicago.
A combination of concerts, motor sports events, a car wash association trade show and the LVL UP Expo led to long TSA security lines at Harry Reid International Airport.
Station Casinos has applied to the city of Henderson for a design review at Sunset Station to add a new country restaurant, bar and nightclub.
A small, defunct gaming equipment developer won a big $20 million victory in Clark County District Court against the Caesars Enterprise Service subsidiary.
The Nevada Gaming Commission voted unanimously to approve an $8.5 million fine against MGM Resorts for letting illegal bookmakers gamble at its Las Vegas casinos.
For the first time in history, commissioners were asked to increase the penalty against a trainer sought by the state racing steward for the drugging of a horse.
With merger plans for Alaska Airlines and Hawaiian Airlines well underway, changes will be made at Harry Reid International Airport by the end of the year.
Executives said they’re bowing out of New York because of concerns about planned iGaming licensing and how it would affect land-based casinos there.
The KalshiEX LLC prediction market has raised the ire of Nevada gaming regulators by offering sports propositions that resemble sports wagers.
Both domestic and international arrivals and departures declined last month compared with a banner month experienced in March 2024.