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Richard N. Velotta Gaming Guru - Page 20

Richard N. Velotta
 
 

More Travelers Coming to Vegas

27 July 2005
LAS VEGAS -- After the first six months of 2005, McCarran International Airport is on track to serve more than 43 million passengers for the year. Following a brisk June total of 3.8 million passengers, McCarran is 7 percent ahead of last year's pace with a total of 21.8 million people for the ... (read more)
 

IGT Beats Analysts' Expectations

22 July 2005
LAS VEGAS -- International Game Technology continued to weather a drought in domestic casino openings today, reporting third-quarter earnings that fell 16 percent from a year ago, yet still beat analysts' expectations. The Reno-based slot machine manufacturer -- the largest in the world -- reported ... (read more)
 

Owner of Stratosphere Exploring Expansion

14 July 2005
LAS VEGAS -- Owners of the Stratosphere are considering adding new rooms and a convention center to the 2,444-room resort just north of the Las Vegas Strip. Richard Brown, president and chief executive for American Real Estate Partners LP, the parent company that owns the Stratosphere, told members of ... (read more)
 

Japan Could Be Next Asian Hotbed for Legalized Gaming

28 June 2005
SINGAPORE -- Where will be the next casino hotspot in Asia after Macau and Singapore? An expert from Osaka University of Commerce says he'd bet on Japan. Ichiro Tanioka, who has conducted a series of studies on behalf of Japan's Liberal Party, said the stage is set for the introduction of ... (read more)
 

Sands COO: Casino Marketing Should Be Left to the Resorts

27 June 2005
SINGAPORE -- The company that owns the Venetian went to the other side of the world to slam the LVCVA. Casino industry observers in Southern Nevada are well acquainted with the rocky relationship between Las Vegas Sands Inc. and the Las Vegas Convention and Visitors Authority. Attendees of ... (read more)
 

Delegation Buoyed by Position on Nonstops

20 June 2005
BEIJING -- While a Nevada tourism delegation in China didn't get everything that it wanted from a meeting with Asian airline executives, it did get a consolation prize from the Chinese government. Lt. Gov. Lorraine Hunt, who chairs the Nevada Commission on Tourism, arm-twisted representatives ... (read more)
 

Allegiant Air Making a Success of Leisure Time

15 June 2005
Allegiant Air has taken its unusual business plan on the road. The Las Vegas-based commercial passenger carrier, which over the past two years has had the largest percentage growth of any domestic operator at McCarran, has begun flights linking Orlando's Sanford Airport with four cities already ... (read more)
 

Officials to Tout Las Vegas on Trip to China

8 June 2005
A delegation of Nevada government officials and business people hopes to leave the impression in China that Nevada is the only place to vacation when taking a trip to the United States. Lt. Gov. Lorraine Hunt and State Treasurer Brian Krolicki are the top government leaders making the weeklong ... (read more)
 

Bets May Be off for 2007 All-Star Game

6 June 2005
The state Gaming Control Board on Wednesday will consider prohibiting wagering on the National Basketball Association All-Star Game in 2007 if the contest is played in Las Vegas. The request was made by the NBA, which is considering placing its annual midseason showcase event in a city that doesn't ... (read more)
 

Wynn Opens Strong

3 June 2005
LAS VEGAS -- Analysts say investors in Wynn Resorts Ltd. should be breathing easier after the company reported that its revenue exceeded expectations for the first 34 days of operation of the $2.7 billion Wynn Las Vegas. The company said in a Securities and Exchange Commission filing Thursday that ... (read more)

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