Featured Articles Archive - Page 460

N.Y. council members endorse MGM Mirage Aqueduct bid

LAS VEGAS, Nevada -- The selection of casino operator for New York City's Aqueduct Race Track has dragged on for almost a year. Now, the three New York City Council members who represent the Southeast Queens Community where Aqueduct is located have weighed in on the matter. Deputy Majority Leader Leroy Comrie, Civil Service & Labor Committee Chairman James Sanders Jr...read more

Icahn lands a Las Vegas bargain

LAS VEGAS, Nevada -- Billionaire investor Carl Icahn's path to owning one of his best Las Vegas bargains to date was cleared Wednesday when he was named the winner of the auction for the bankrupt Fontainebleau Las Vegas. But how long the stalled 3,889-room hotel-casino will sit unfinished on the corner of Las Vegas and Riviera boulevards is now the big question. "There's no reason to build anything on the Strip for a long time," Bill Robinson, an economics professor at the University of Nevada, Las Vegas, said...read more

Bally earnings 'relatively flat' in latest quarter

LAS VEGAS, Nevada -- Bally Technologies said Wednesday its second-quarter earnings were relatively flat compared with a year ago. The Las Vegas-based slot machine maker reported net income of $33.3 million, or 58 cents per share, in the quarter ended Dec...read more

Elaine Wynn could land on Forbes 400

LAS VEGAS, Nevada -- A reporter for Forbes Magazine has surmised that Elaine Wynn's divorce from casino developer Steve Wynn could land her a spot on the next Forbes 400 list. Elaine and Steve Wynn's split was finalized earlier this month...read more

Slot company WMS reports 11 percent increase in income

LAS VEGAS, Nevada -- Slot machine manufacturer WMS Industries Tuesday reported a nearly 11 percent increase in net income for the second quarter. The Illinois-based game maker said its net income for the period that ended Dec. 31 was $26.5 million, or 44 cents per share, up from $23.7 millio...read more

Bellagio room rates out-pacing Aria

LAS VEGAS, Nevada -- In its first month of operation, room rates for Aria have been priced below those offered at Bellagio, which contradicts the original plans of MGM Mirage to make the CityCenter centerpiece its premium resort. Susquehanna Financial Group gaming analyst Robert LaFleur, however, found a silver lining for MGM Mirage...read more

Top-10 NFL playoff betting tidbits

The Indianapolis Colts and the New Orleans Saints aren't the only ones that will be resting up during the next 13 days. So too will the millions of football bettors across the country. For the first time since late August, the football betting card will be blank this upcoming weekend (unless you count the meaningless Pro Bowl)...read more

Vegas resident wins Heartland Poker Tour event

LAS VEGAS, Nevada -- The Heartland Poker Tour brought some 300 Midwesterners to the Red Rock Resort for its first event of the year a week ago, and an unknown 42-year-old player from Las Vegas captured the top prize. Kimbo Ung won $125,901 in the tour's main event...read more

MGM Mirage may exit Atlantic City

LAS VEGAS, Nevada -- MGM Mirage is laying the groundwork for an initial public offering on the Hong Kong Stock Exchange. The listing could raise up to $1 billion and could hasten the casino operator's exit from the sagging Atlantic City gaming market. In October, MGM Mirage Chairman and Chief Executive Officer Jim Murren said the company was exploring the benefits of a spot on the Hong Kong market by selling shares of its 50 percent-owned MGM Grand Macau. The IPO would follow similar moves by Wynn Resorts Ltd...read more

McCarran traffic tumbles in 2009

LAS VEGAS, Nevada -- The number of passengers using McCarran International Airport in 2009 fell 8.2 percent compared with 2008 -- the single-largest one-year percentage drop. Almost 40.5 million passengers came through the airport in 2009, down from the more than 44 million reported in 2008, according to figures released Thursday by the Clark County Department of Aviation. The percentage decrease continued a two-year dip in McCarran's passenger counts. The 2008 figure was a 7.7 percent drop compared with the all-time high of 47.7 million passengers who came through McCarran in 2007...read more