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Richard N. Velotta Gaming Guru - Page 26

Richard N. Velotta
 
 

AGA VP: Casino Industry Remains Strong

7 December 2004
RENO, Nevada -- The consolidation that is occurring in the gaming industry is a sign of its maturity and success, an American Gaming Association executive said today. Wally Chalmers, vice president of the AGA, also said the industry's resilience is illustrated by the fact that gross gaming revenue has eclipsed pre-Sept. ... (read more)
 

Dollar's Slide May Be Boon for Tourism

6 December 2004
Although the slide in value of the American dollar abroad is looked upon as a sign of economic weakness, it's also a sign that it's time to roll out the global welcome mat. And that's what the city's top marketing minds look to do after seeing the U.S. Department of Commerce's most recent ... (read more)
 

American Casino & Entertainment Sees Profit Increase

3 December 2004
LAS VEGAS -- The operator of the Stratosphere Casino Hotel and the Arizona Charlie's franchise of locals casinos has reported increases in casino and retail revenue for the company's third quarter. In a filing with the U.S. Securities and Exchange Commission, American Casino & Entertainment Properties ... (read more)
 

Questions Surround Gaming Control Board Member's Future

2 December 2004
NEVADA -- Was Wednesday Scott Scherer's last meeting as a member of the state Gaming Control Board? Maybe. But maybe not. Scherer, who was appointed to the board in 2000 by Gov. Kenny Guinn, will see his term expire at the end of December. Would he like to be reappointed? "Yes," Scherer said ... (read more)
 

Small Taxi Operator Denied Strip Certification

24 November 2004
One of Southern Nevada's smallest taxi operators has been denied certification to serve the lucrative Las Vegas Strip market. The Nevada Taxicab Authority rejected a request from Deluxe Taxicab Co., Henderson, to increase its geographic reach and allow the company to pick up customers north of Sunset Road. ... (read more)
 

Gaming Regulators Nix Wireless Cash Machines

19 November 2004
LAS VEGAS -- Nevada gaming regulators on Thursday blocked an effort to allow gamblers to take cash out of their bank accounts while gambling on the casino floor. The Nevada Gaming Commission says wireless technology that would make it easier for a gambler to draw funds from bank accounts or credit ... (read more)
 

Nevada Casinos, Suppliers Form Tourism Group

18 November 2004
LAS VEGAS -- An organization that will attempt to unify the gaming industry and its suppliers on public policy matters is hoping to pick up members and identify issues prior to the opening of the 2005 legislative session. Former Gov. Bob Miller and Larry Ruvo, senior managing director of Southern ... (read more)
 

Gaming Parlors are not Producing Desired Results

17 November 2004
When gaming industry lobbyists persuaded the Nevada Legislature, the Nevada Gaming Commission and the state Gaming Control Board to approve a dramatic policy change allowing gamblers to bet behind closed doors, casino executives had dollar signs in their eyes. But what a difference a couple of years makes. ... (read more)
 

Gaming Commission Set to Vote on Hard Rock Settlement

16 November 2004
The 10-month controversy over the Hard Rock Hotel's racy advertising campaigns is expected to come to a close this week when the Nevada Gaming Commission considers a settlement agreement hammered out last month. The five-member commission is scheduled to vote Thursday on a settlement in which the ... (read more)
 

Firm Asks for Dismissal of Suit Over Web Site

15 November 2004
The company that owns the lasvegas.com domain name has asked a Clark County District Court judge to dismiss a claim from the owner of VEGAS.com that it be allowed to buy the rights to lease the name. Stephens Media Intellectual Property LLC, a subsidiary of the Arkansas-based company that owns ... (read more)

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