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Richard N. Velotta Gaming Guru - Page 16Former MGM Grand 'wizard' recommended for Tropicana license15 June 2009
LAS VEGAS, Nevada -- A former MGM Grand executive who helped that company during its merger with Mirage Resorts and then helped turn around the fortunes of a Hollywood film studio got initial clearance from state gaming regulators for his next project: Restoring the fabled Tropicana to its prior ... (read more)
Harrah's execs cashed huge checks8 June 2009
and Brian Wargo
LAS VEGAS, Nevada -- The closing of the high-profile deal that turned casino giant Harrah's Entertainment from a publicly traded company into a private business resulted in six of the company's executives landing in the top 10 of In Business Las Vegas' list of highest-paid business ... (read more)
Seeking a place at the gaming table11 May 2009
LAS VEGAS, Nevada -- Getting a new game approved for a casino floor isn't an easy task — and it's even harder if you're a mom-and-pop inventor and not a corporation specializing in developing supplies for the games you produce. But two teams of Las Vegas inventors are defying the odds and stand poised to see their dreams become reality. ... (read more)
Boyd Gaming losses narrowing6 May 2009
LAS VEGAS, Nevada -- Boyd Gaming, which operates three downtown Las Vegas properties and four locals resorts in Southern Nevada, today added evidence to the outlook that the gaming industry may have hit bottom in the recession.
The company, which also has riverboat casinos in the South and Midwest and a ... (read more)
Local deals plentiful as tourism industry gears for 'Staycation II'6 May 2009
LAS VEGAS, Nevada -- With school out in a month and self-imposed deadlines to book summer travel rapidly closing in, some economists say it's looking more and more like summer 2009 is going to be Staycation II. Or a naycation.
In a recent story in the Los Angeles Daily News, Jack Kyser, chief economist ... (read more)
Wynn Resorts posts $33M loss for first quarter6 May 2009
LAS VEGAS, Nevada -- Wynn Resorts Ltd. today reported first-quarter losses and lower revenue over last year, but company executives say they're cautiously optimistic that business is starting to pick up.
The Las Vegas-based company, which operates Wynn Las Vegas and Encore on the Strip and Wynn Macau in ... (read more)
M Resort next in line for Marnell family23 February 2009
LAS VEGAS, Nevada -- Longtime Las Vegas residents will remember the incredible buzz the Rio generated when it opened in 1990.
Owned and operated by Marnell Carrao Associates, the Rio was Las Vegas' first all-suite hotel and its Brazilian theme initially warmed locals before it expanded and branched out to ... (read more)
Las Vegas: A flier's guide to McCarran15 December 2008
Business travelers know there have been a lot of changes at McCarran International Airport in the past year.
But it can be daunting for the holidays-only flier trying to make his way through the nation's seventh-busiest airport. The changes affect everything from how early you get there to where to ... (read more)
Dubai World deal with MGM Mirage OK'd5 November 2008
LAS VEGAS, Nevada AND DUBAI -- The state Gaming Control Board today recommended approval of MGM Mirage's association with Dubai World, a government-owned megacorporation based in the United Arab Emirates.
In a unanimous vote, the three-member board recommended the licensing of Dubai World and several ... (read more)
Vegas expected to feel airlines' pain28 April 2008
LAS VEGAS, Nevada -- The airline industry's woes, coupled with the downturn in the economy, are being felt at McCarran International Airport and almost certainly will change the relationship between Las Vegas resorts and their airline partners.
Most tourism experts agree the airline industry's troubles ... (read more)
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