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Richard N. Velotta Gaming Guru - Page 11Boyd Gaming reports quarterly earnings of $35.1 million4 May 2015
Las Vegas-based Boyd Gaming, a leading operator in downtown Las Vegas and a player in the Southern Nevada locals market, reported continued earnings growth in the first quarter of 2015. The company on Thursday reported earnings of $35.1 million, 31 cents a share, on revenue of $550.6 million, compared with ... (read more)
Strip gaming falls 9.6 percent; other locations fare better30 April 2015
Lucky baccarat players got the best of Strip casinos in March as the state Gaming Control Board on Wednesday reported a decline in gaming win in Clark County and statewide. Analysts brushed the decline off as an unlucky month for casinos and said other factors portend future improvements for the industry. ... (read more)
Small investor in MGM Resorts advocates removal of board members30 April 2015
An investment manager with a less than 1 percent ownership position in MGM Resorts International stock is advocating the removal of four members of the board of directors. Stamford, Conn.-based Land and Buildings plans a conference call and will issue a public presentation today explaining why it believes ... (read more)
Nevada AG charges online poker operator who used Bitcoin28 April 2015
The Nevada Attorney General’s Office and state gaming regulators are pursuing the operator of an unlicensed online poker site in what’s believed to be first prosecution of its kind by the state. Attorney General Adam Laxalt has scheduled a news conference today to give details of a case against Bryan Micon and his Bitcoin-fueled Seals with Clubs poker site, which was shut down Feb. ... (read more)
Michonne Ascuaga appointed to Nevada Gaming Commission28 April 2015
A member of a prominent Northern Nevada casino industry family has been appointed to the Nevada Gaming Commission. Michonne Ascuaga, a former CEO of John Ascuaga's Nugget in Sparks, was named to the position by Gov. Brian Sandoval Monday, replacing Joe Brown, who on Thursday announced his resignation from the board for personal reasons. ... (read more)
Two casino companies report improved first-quarter results27 April 2015
Two casino companies with Nevada ties had improved first-quarter results, including Las Vegas-based Pinnacle Entertainment which reported record net revenue. Pinnacle, which owns Cactus Petes Resort Casino and The Horseshu Hotel and Casino in Jackpot on the Idaho border, saw revenue increase by $40.1 million or 7.5 percent to a record $572.8 million for the quarter that ended March 31. ... (read more)
Elaine Wynn: Efforts merited despite her failure to keep board seat27 April 2015
Elaine Wynn’s uphill bid to retain a seat on Wynn Resorts Ltd.’s board of directors failed, but the longtime philanthropist and ex-wife of Chairman and CEO Steve Wynn says her efforts served their purpose. “While I am certainly disappointed by the result of today’s vote, I am hopeful that I have once again ... (read more)
El Loco at Adventuredome has been thrilling riders, MGM Resorts for a year24 April 2015
Since the Circus Circus Adventuredome’s El Loco roller coaster ride opened, its cars have traveled more than 61,000 miles — about 2½ times around the world. But MGM Resorts International is getting even more mileage from the popularity of the ride that debuted a year ago at the nation’s largest indoor theme park. ... (read more)
Mobster's death seen as a good reason to lift Nevada casino ban24 April 2015
There’s a good reason the Nevada Gaming Commission removed renowned slot-machine cheat Eugene Bulgarino from the state’s List of Excluded Persons, Nevada’s so-called “Black Book.” He’s dead. Commissioners on Thursday voted unanimously to strike Bulgarino from the list after regulators determined in a routine update that he died in Phoenix a little more than a year ago. ... (read more)
Attorney Joe Brown resigns from Nevada Gaming Commission24 April 2015
Las Vegas attorney Joe Brown, known as much for his gentlemanly demeanor as his status as one of Southern Nevada’s premier lawyers, resigned from the five-member Nevada Gaming Commission on Thursday for personal reasons. A member of the Gaming Commission since 2008, Brown served the commission when it ... (read more)
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