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Richard N. Velotta Gaming Guru - Page 15

Richard N. Velotta
 
 

Las Vegas tourism on record pace in June

28 July 2014
LAS VEGAS -- Las Vegas visitor volume continued its record pace, posting the best June on record and the third-best month of 2014. The Las Vegas Convention and Visitors Authority on Friday reported 3.46 million visitors to Southern Nevada for the month, a 3.1 percent increase from a year earlier. At the ... (read more)
 

High altitude: New hotel chief removes 'L' from LVH marquee

2 July 2014
LAS VEGAS -- David Siegel took the first step toward rebranding his newest Westgate resort Tuesday with a high-altitude assist to change the most visible sign on the property. He got the L out of the LVH - Las Vegas Hotel and Casino marquee. Before a gathering of employees, family members and TV cameras, ... (read more)
 

Caesars to spend $223 million on revamping Quad, rebranding it as Linq hotel

2 July 2014
LAS VEGAS -- Caesars Entertainment Corporation is linking — or is it linqing? — its Strip property to its recently opened retail and entertainment plaza. The company on Tuesday announced that it would invest $223 million toward revamping the 2,256-room The Quad Resort and Casino and rebrand it as the Linq Hotel & Casino. ... (read more)
 

Westgate CEO plans sweeping changes for newly acquired LVH

1 July 2014
LAS VEGAS -- It’ll take some time for Westgate Resorts founder and CEO David Siegel to get to know the 2,000 employees of the LVH - Las Vegas Hotel and Casino property he just bought. But when he does, he’ll welcome them to the family with a hug. “That’s just the way I do business, it’s like a big family,” Siegel said in an exclusive interview with the Review-Journal on Monday. ... (read more)
 

Bally Technologies rides acquisition of SHFL to record quarterly revenue

5 May 2014
LAS VEGAS -- Las Vegas-based gaming equipment manufacturer Bally Technologies, Inc. continued to ride its acquisition of SHFL entertainment to post record revenue in the third quarter of 2013. Bally, which closed the deal for SHFL in November, on Thursday reported earnings of $66.1 million, 70 cents a share, on revenue of $338.4 million for the quarter that ended March 31. ... (read more)
 

MGM Resorts, Hakkasan Group announce formation of joint venture

21 April 2014
LAS VEGAS -- A collaboration that began with the successful opening of the Hakkasan restaurant and nightclub at the MGM Grand in April 2013 is going global. MGM Resorts International and the Hakkasan Group on Tuesday announced formation of a joint venture hotel management company called MGM Hakkasan ... (read more)
 

House of Blues Foundation Room fires employees involved in drug, prostitution investigation

14 March 2014
LAS VEGAS -- House of Blues Foundation Room managers have fired the employees who provided illegal narcotics and prostitutes to undercover investigators in 2013 that led to a $500,000 fine levied against MGM Resorts International. An MGM spokesman said late Wednesday that operators of the restaurant and ... (read more)
 

$500k fine levied in drug, prostitution investigation at House of Blues Foundation Room

13 March 2014
LAS VEGAS -- A subsidiary of MGM Resorts International has agreed to pay a $500,000 fine to settle a complaint filed by the state Gaming Control Board against a tenant at the company’s Mandalay Bay Resort & Casino property. The board and MGM Resorts signed a stipulation Wednesday in response to a five-count ... (read more)
 

United Coin's technology boost keeps slots spinning

6 July 2009
LAS VEGAS, Nevada -- Nevada's largest slot machine route operator has upgraded its telecommunications network for its 600 customers and 6,500 machines. United Coin Machine Co.'s communications makeover has turned a spaghetti bowl of 600 voice lines to a more efficient broadband connection. The improved ... (read more)
 

Ex-MGM Grand exec gets OK to run Tropicana

22 June 2009
NEVADA -- The Nevada Gaming Commission has approved a gaming license for a former MGM Grand executive to operate the Tropicana. Meeting in Carson City today, commissioners voted unanimously to license Alex Yemenidjian and his family trust. Yemenidjian, who had a clean record as MGM lead shareholder ... (read more)

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