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Richard N. Velotta Gaming Guru - Page 10Las Vegas taxi drivers to protest Uber legislation on Strip29 May 2015
Union taxi drivers for Yellow Checker Star plan a demonstration that could block traffic on Las Vegas Boulevard this afternoon as the weekend arrives and temperatures rise. Drivers represented by the Industrial, Technical and Professional Employees Union Local 4873 say they will protest the Nevada Legislature’s approval of the regulation of transportation network companies, including Uber. ... (read more)
Las Vegas's transit plan has everybody talking29 May 2015
That idea to drill a double-deck tunnel under McCarran International Airport to carry cars, trucks and possibly a light-rail train to the Las Vegas Strip won’t be a slam-dunk. For that matter, neither will the proposal to build a subway under the Strip between Sahara and Hacienda avenues. Or extending the ... (read more)
Nevada transit authority releases plans to reduce Las Vegas gridlock28 May 2015
A light-rail subway system beneath Las Vegas Boulevard is among the ambitious recommendations that have emerged from a transportation plan that has taken more than two years to complete. Another big-ticket project is a double-deck tunnel under McCarran International Airport to connect Russell Road east and west of the airport and possibly provide a light-rail link to the Strip line. ... (read more)
Airlines adding seats to Las Vegas as visitor numbers increase28 May 2015
Most of the nation’s airlines are showing a renewed confidence in Las Vegas as a revenue-generating destination, adding seats to the market and boosting passenger visitation to McCarran International Airport in April by 4.4 percent over last year. April passenger counts hit 3.8 million for the month, the highest year-over-year percentage increase since January 2014. ... (read more)
Las Vegas Convention and Visitors Authority approves FY2016 budget22 May 2015
The Las Vegas Convention and Visitors Authority board of directors zipped through approval of a $228.1 million budget in a special meeting on Thursday. The spending plan for the 2016 fiscal year includes $93.5 million for advertising and dedicates funds in advance of the start of the $2.3 billion Las Vegas Global Business District project. ... (read more)
Caesars turns in best quarterly performance since 20087 May 2015
Bankrupt Caesars Entertainment had its best quarterly performance since 2008 because of improving results at its Las Vegas properties and higher volume in its online poker offering. Caesars Chairman and CEO Gary Loveman, in his last conference call with investors before he steps down as CEO in July, said ... (read more)
Dancers, dignitaries mark start of $4 billion Resorts World Las Vegas6 May 2015
With traditional Chinese thunder drummers stirring excitement and ornately costumed lion dancers displaying their own brand of cultural athleticism, the north end of the Strip came to life Tuesday with a groundbreaking for the $4 billion Resorts World Las Vegas project. A host of dignitaries welcomed Malaysia-based Genting Group Chairman and CEO K.T. ... (read more)
Riviera ends 60 years on Strip, closes for good5 May 2015
In a surrealistic, you-don’t-see-that-everyday kind of way, the storied Riviera Hotel and Casino, a fixture on the north end of the Strip for 60 years, closed its doors for good Monday. Representatives of Paragon Gaming, the company managing the property for its previous owners, Starwood Capital Group, ... (read more)
MGM Resorts reports stronger earnings despite revenue decline5 May 2015
Coming off one of the most lucrative weekends in company history by hosting “the fight of the century,” MGM Resorts International on Monday reported first-quarter earnings that exceeded analysts’ expectations, on revenue that dipped 11.3 percent from a year ago. The Las Vegas-based company, the state’s ... (read more)
Elaine Wynn collected 17.1 percent of proxy vote4 May 2015
Elaine Wynn captured 17.1 percent of the 155.8 million voting shares cast in last week’s Wynn Resorts proxy vote, a company filing said. Wynn ran an unsuccessful campaign to keep her seat on the company’s board as an independent investor. The company threw its support behind J. Edward Virtue, who received 32.8 percent of the vote and John J. ... (read more)
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