Tag Archives: casino gaming

Station CFO optimistic about Las Vegas economy after strong 2014 perfomance

Locals gaming giant Station Casinos, whose properties in the valley include Palace Station, Red Rock Resort and Green Valley Ranch, reported its fourth quarter and full-year earnings today. Revenue : $333.7 million for the fourth quarter, up 2.2 percent from the same quarter in 2013.

In battle for Congress' support, web gaming advocates have a lot to learn from Adelson

On any given day, a team of well-suited lobbyists glides through Capitol Hill to deliver a shocking ultimatum for lawmakers: Ban online gaming, or risk Americans’ financial and moral ruin. The other side of the online gaming debate is made up of smaller, disparate groups who lack a similarly cohesive message.

Court declines to revive Caesars lawsuit against Crosby

A federal appeals court has upheld the dismissal of a lawsuit brought by Caesars Entertainment against the state’s top gambling regulator. The Las Vegas company said Massachusetts Gambling Commission chairman Stephen Crosby violated its constitutional rights and unfairly favored a competing casino plan from Wynn Resorts.

16 Chinese New Year celebrations planned in Las Vegas

The Year of the Sheep brings with it a bevy of lion and dragon dances, in addition to spectacular displays at resorts across Las Vegas. – Hakkasan has a “Wishing Tree,” where guests can write their desires on ribbons placed throughout the restaurant at the MGM Grand , and also welcomes the Year of the Sheep with a lion dance on Thursday.

Kayden Kross inks Veronica Vain for 'Screwing Wall Street'

During our recent 2015 AVN/Adult Entertainment Expo coverage from the Hard Rock Hotel, Kayden Kross told me how she was taking over the role of president for the sugar daddy dating Web site Arrangement Finders and how she planned to promote it in a porn movie. I can now tell you that during their Las Vegas visits, she signed former Wall Street banker Veronica Vain, who we reported quit her day job of investor research for a XXX-rated movie career.

Comparing America's 3 Largest Casino Resort Companies

The Resorts & Casinos industry is expected to outperform the S&P broader market astronomically in this and the next quarters, and significantly in 2015 and beyond. Mean and high targets for the 3 largest U.S. casino resort companies – Las Vegas Sands, Wynn Resorts, and MGM Resorts International – range from 6% to 66% above current * All data are as of the close of Friday, February 13, 2015.

Mahoning Valley to Increase Overnight Purses

“We are pleased by the continued positive response our racing product has received, both locally and nationwide,” said Mark Loewe, vice president of Ohio racing for track owner Penn National Gaming Inc. “This, along with steady revenue from the video lottery terminal part of our operation, allows us the opportunity to implement this increase.” Loewe said purses will average about $76,000 per program when the hike takes effect.

Monday By the Numbers: An 80-foot snake, 110 flying arrows and more about – Ka'

Cirque du Soleil performers in “Ka” perform the final Epic Battle Scene during a media event Wednesday, Dec. 3, 2014, at MGM Grand. Today’s Monday By the Numbers focuses on the Cirque du Soleil spectacle “Ka” at MGM Grand celebrating its 10th anniversary this month.

Markets Live: Banks lead comeback

A bank-led recovery has pushed the market back to an even keel, adding to gains by the miners and energy stocks, while Bendigo & Adelaide Bank and G8 Education drop on earnings. Bookmaker Sportingbet has hedged its bets on which blue chip stock will hit the coveted $100 mark first in 2015 by offering equivalent odds for blood products group CSL and Commonwealth Bank.

Is Las Vegas Vulnerable to The Same Problem That's Crushing Macau?

Investors have lowered their confidence in these companies because of The Chinese government’s crackdown on corruption and increasing regulation of high-net-worth Chinese and their gambling activities in Macau has led to a dramatic decline in VIP gambling. Casinos are feeling the pain since Macau makes up a significant portion of these companies’ revenue bases — as much as 75% for Wynn Resorts last summer.