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Richard N. Velotta Gaming Guru - Page 23Nevada Bill Allows Cover Charge15 April 2005
LAS VEGAS -- The Senate Judiciary Committee has unanimously approved a bill that would allow casinos to charge admission to areas where gaming is conducted under certain circumstances.
The proposal, backed by the Nevada Resort Association, is expected to be considered by the full Senate next week. ... (read more)
LVCVA Revises 2005 Budget13 April 2005
Room tax revenue is rolling into Southern Nevada so fast that the Las Vegas Convention and Visitors Authority has to make adjustments for how to spend it.
The 13-member LVCVA board of directors on Tuesday approved a resolution to augment its 2005 fiscal year budget and got its first look at the ... (read more)
Aladdin Getting in on Time-Share Trend12 April 2005
The world's largest privately held time-share company plans to build a 52-story time-share tower at the Aladdin, the company announced.
Orlando, Fla.-based Westgate Resorts will begin construction of the $400 million, 800-unit development later this year with completion of the first suites ... (read more)
Report: Condos Should Increase Casino Visitation8 April 2005
LAS VEGAS -- Luxury condominiums being built throughout Las Vegas should help drive additional traffic to casinos, not slow it down as some critics contend, a new report said.
"Luxury Condos -- Friend or Foe?" by Deutsche Bank Securities analysts Marc Falcone, Grant Govertsen and Elizabeth McNellis, ... (read more)
Study: Fewer Locals Gambling in Convenience, Grocery Stores7 April 2005
LAS VEGAS -- One in four Clark County residents who gamble play in convenience stores, grocery stores or gasoline stations, a study commissioned by the Las Vegas Convention and Visitors Authority said.
The LVCVA's 2003-2004 Clark County Residents Study, which includes a survey of leisure activities ... (read more)
Alliance Gaming Seeks Bigger Market Share With New Games6 April 2005
The nation's No. 2 slot machine manufacturer will begin selling a new game platform this week in hopes of putting a dent in the dominance of market leader International Game Technology.
Bally Gaming, a division of Las Vegas-based Alliance Gaming Corp., will begin selling a series of games on its ... (read more)
High Standards: Steelman Impresses Asian Officials With Speed, Quality of Sands Macau5 April 2005
Paul Steelman knew that his work in Macau set new standards for the Chinese market when local officials began using his progress to measure the pace of construction projects.
As in: "Will this project be done at Sands speed?"
"I knew that we had made an impact when I heard that," said Steelman, ... (read more)
LVCVA Launches New Travel Web Site31 March 2005
LAS VEGAS -- Officials with the Las Vegas Convention and Visitors Authority say their new Internet site -- www.VisitLasVegas.com -- won't compete with existing sites about the city and is designed to convince undecided travelers to commit to visiting Southern Nevada.
The LVCVA unveiled the Web site ... (read more)
Las Vegas Visitor Volume Flat in January15 March 2005
LAS VEGAS -- Rain, mudslides and calendar abnormalities resulted in a surprise in visitor volume statistics for January: They were almost unchanged, just down from the previous year.
The Las Vegas Convention and Visitors Authority announced Monday that January visitor volume was off 0.2 percent to 3.048 million, down 6,000 people from the 3.054 million people reported in January 2004. ... (read more)
Panel Fighting Time Share Tax Break2 March 2005
State tourism leaders are gearing for a legislative fight against a bill they say will short-change the state of tax revenue that helps fund the state's tourism initiatives.
The Nevada Commission on Tourism on Tuesday received a report on the status of several pieces of legislation working their way through the Nevada Legislature in Carson City. ... (read more)
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