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Howard Stutz

McCarran saw more traffic this May than any month since 2008

26 June 2015
McCarran International Airport had its busiest month in more than seven years in May because of special events on the Strip and an increased number of flights added by the airlines to the market. The Clark County Aviation Department said 3.99 million passengers used McCarran during May, a 5.7 percent increase over May 2014. ... (read more)

Herbst family to take over Searchlight Nugget next week

26 June 2015
Herbst family-owned JETT Gaming will take over the Searchlight Nugget Casino next week after the Nevada Gaming Commission Thursday signed off on the purchase of the historic gaming site in tiny Searchlight. JETT Gaming executive Tim Herbst told gaming commissioners the casino, which is being acquired for an undisclosed price from the Doing family, could be revived. ... (read more)

Nevada gaming regulators start work on skill-based slot machine rules

25 June 2015
For more than an hour Wednesday, state gaming regulators and gambling equipment company representatives discussed a proposed draft of new rules governing development and use of slot machines that include a skill-based element. Additional workshops are expected this summer before the regulations are finalized. ... (read more)

Lakes Entertainment shareholders approve merger with Golden Gaming

24 June 2015
Lakes Entertainment shareholders approved the company’s merger with Las Vegas-based tavern and slot machine route operator Golden Gaming during a vote on June 17, the company said in a securities filing. The transaction will create a new publicly traded company, Golden Entertainment. The Sartini family owns Golden Gaming, which is Nevada’s largest slot machine route company. ... (read more)

Judge delays ruling in Caesars reorganization

24 June 2015
A bankruptcy judge has delayed a ruling in the reorganization of Caesars Entertainment Corp.’s largest operating division until October. Investors have worried an adverse ruling on when exactly Caesars Entertainment Operating Co. Inc. entered Chapter 11 could leave the casino company on the hook for more than $1 billion in debt obligations. ... (read more)

Pinnacle Entertainment planning a deal with GLPI

24 June 2015
At some point — if we’re reading the signs correctly — regional casino operator Pinnacle Entertainment will marry itself to real estate investment trust Gaming and Leisure Properties Inc. Wall Street hopes this isn’t a shotgun wedding. In March, Gaming and Leisure Properties offered to pay Las Vegas-based Pinnacle $4.1 billion for the company’s 15 regional casinos. ... (read more)

SLS Las Vegas sees losses of $35.3 million in first quarter

24 June 2015
The SLS Las Vegas Hotel & Casino lost $35.3 million in the first quarter, according to a securities filing, and the Strip resort’s private equity owners contributed a total of $5.3 million in April for the property’s general operations purposes. SLS Las Vegas opened last August as a $415 million renovation of the former Rat Pack-era Sahara, which closed in 2011. ... (read more)

Chinese firm buys World Poker Tour

23 June 2015
The World Poker Tour as been acquired by a Chinese-based social gaming company for $35 million. The all-cash transaction was announced Sunday in which Ourgame International Holdings Ltd. will purchase the World Poker Tour from Gibraltar-based Bwin.Party Digital Entertainment. World Poker Tour is known for its internationally televised events and land-based tournaments. ... (read more)

Inside Gaming: Hospitality Hall to replace outdated UNLV building

22 June 2015
The building that houses the University of Nevada, Las Vegas Harrah College of Hotel Administration is outdated. But a new one is coming. Thanks to Gov. Brian Sandoval’s signature, the $56 million Hospitality Hall will soon rise at the center of the UNLV campus. Along with the building is a new focus by ... (read more)

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