Featured Articles Archive - Page 226

Sands executive in hostile territory at iGaming conference

LAS VEGAS -- Admittedly, Las Vegas Sands Corp. Vice President of Government Affairs Andy Abboud was in unfriendly territory Wednesday during iGaming North America Conference’s opening session at Planet Hollywood Resort & Casino.Abboud has been the front person while Las Vegas Sands waged a war over the past few months in opposition of legalizing Internet gaming...read more

LVH workers, Culinary and Bartenders unions reach agreement

LAS VEGAS -- Workers at the LVH reached a tentative agreement on a new five-year contract with Culinary and Bartenders unions, it was announced Wednesday.The contract would replace the agreement that expired last June. Employees still need to ratify the deal.The settlement with LVH means Culinary Workers Local 226 and Bartenders Local 165 have reached new contracts for non-gaming workers with all Strip-area casinos, except Margaritaville, which is operated within the Flamingo.The unions previously reached deals with casinos operated by MGM Resorts International and Caesars Entertainment Corporation as well as the Riviera Hotel and Casino, Tropicana Las Vegas, Treasure Island and Stratosphere Casino Hotel and Tower.In addition to Margaritaville, the unions have yet to reach new contract agreements with several downtown casinos including Fremont, Main Street Station, Four Queens, Binion’s, Plaza, Las Vegas Club, The D, Golden Nugget, El Cortez and the Golden Gate...read more

Revenue from Macau casinos enriches industry billionaire

LAS VEGAS -- It’s been eight years since Macau surpassed the Strip in annual gaming revenue.So it makes sense that the region — the only location in China with casinos — is creating more gaming industry billionaires than Las Vegas.The recently released Forbes 2014 List of the World’s Billionaires shows a large proportion of the wealthy who cite gambling, gaming or casinos as the source of their income also name Hong Kong, Macau, Japan, Malaysia and other international markets as their country of citizenship.In years past, Los Angeles-based financier Kirk Kerkorian, founder of what is now MGM Resorts International, was regularly a top name on any Forbes list...read more

Las Vegas says goodbye to Jackie Gaughan

LAS VEGAS -- The memorial service for gaming industry pioneer Jackie Gaughan was as much a window into Las Vegas history as it was a celebration of the life of the downtown casino operator, who died last week at age 93.Longtime customers and employees of Gaughan, who owned parts of eight casinos during his 64-year gaming career, filled the 900 seats in St...read more

Caesars gains preliminary OK for $795 million South Korean hotel-casino

LAS VEGAS -- Caesars Entertainment Corporation has won preliminary approval from the South Korean government to build a $794.7 million hotel-casino complex near the country’s largest airport outside Seoul.The ruling does not guarantee that the joint venture between Caesars, Hong Kong-based real-estate developer Lippo Group and a Korean developer will receive a gaming license...read more

Top-10 tips to win the billion-dollar bracket

Whether you're a diehard college basketball fan or you will see your first game of the season this Thursday, chances are pretty good that you're going to fill out an NCAA basketball bracket at some point this week.Maybe you participate in an office pool, or maybe you plan on picking some games at Las Vegas sportsbooks (or online, if you live in a jurisdiction where it's legal)...read more

Inside Gaming: Boyd deal sparks torrent of speculation

LAS VEGAS -- A New York-based hedge fund acquired a 5 percent ownership stake in Boyd Gaming Corporation last week and immediately fueled rampant speculation in the investment community.Scenarios ranged from a corporate takeover to moving the company’s casinos into a real estate investment trust.Don’t expect a quick resolution.Elliott Associates, controlled by financier Paul Singer, said in a Securities and Exchange Commission filing late Monday that it thought Boyd’s price per share was undervalued...read more

Deal Me In: Several groups of numbers can be had on the inside

Dear Mark: In your most recent column on roulette, you mentioned, “Your inside bets are the numbers, including groups like 2, 3, 4, 5, and 6.” I am confused. What do you mean by “including groups like 2, 3, 4, 5, and 6?” Sarah D.I am sure, Sarah, you have seen what I wrote about countless times, so I most likely tangled you up with the wording “groups like 2, 3, 4, 5, and 6.”With any inside wager, you can bet a number straight up, or multiple numbers by selecting a combination (groups) of numbers...read more

MGM, Pinnacle team up on marketing efforts

LAS VEGAS -- MGM Resorts International and Pinnacle Entertainment, Inc. announced a partnership Thursday between the casino companies’ customer loyalty programs.Beginning April 1, select members of Pinnacle’s “mychoice” will be offered hotel stays, show tickets and other benefits at MGM Resorts’ properties in Las Vegas.MGM Resorts’ “M life” members will receive offers for hotel stays, dining and other amenities at Pinnacle’s properties in regional U.S...read more

Services scheduled Monday for Jackie Gaughan

LAS VEGAS -- Funeral services for Las Vegas casino pioneer Jackie Gaughan will be held at 11 a.m. Monday at St. Viator Catholic Church at the corner of Flamingo Road and Eastern Avenue.The viewing for Gaughan, who died Wednesday at age 93, will be from 4 p.m...read more