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Richard N. Velotta Gaming Guru - Page 27September Tourism Rises 9.7%15 November 2004
The second-highest percentage increase in monthly visitor volume of the year in September more than made up for a lackluster August, Las Vegas Convention and Visitors Authority statistics released today show.
The LVCVA said 3.1 million tourists visited Las Vegas in September, up 9.7 percent from ... (read more)
New Owner Revamping Alexis15 November 2004
The new owner of the non-gaming Alexis Park Hotel has acquired 4.7 acres adjacent to the property and is on track to develop a 28-story hotel with 1,000 rooms and a 70,000-square-foot casino.
The $300 million project planned by Richard Alter, an unsuccessful bidder for the Aladdin and the Las ... (read more)
Southwest Airlines May Add Overnight Flights From Vegas10 November 2004
The only airline busier than Southwest at McCarran International Airport is America West -- after the sun goes down.
Tempe, Ariz.-based America West has made its mark in Las Vegas by scheduling dozens of flights after 8 p.m., including a number of "red-eye" trips to the East Coast that leave ... (read more)
LVCVA Budget Will Pump Up Advertising9 November 2004
The Las Vegas Convention and Visitors Authority today made sure it could afford to tell even more prospective visitors that what happens here, stays here.
In a unanimous vote, the board approved a budget augmentation of $52 million for the 2005 fiscal year. The windfall was the result of ... (read more)
Nevada Board Leery of Wireless Cash Advance Systems4 November 2004
LAS VEGAS -- Two companies anxious to install wireless cash advance systems in casinos have been told they need to provide unbiased research showing the systems wouldn't contribute to problem gambling.
In a presentation to the state Gaming Control Board on Wednesday, representatives of Cash Systems Inc., Burnsville, Minn., and Las Vegas-based Mikohn Gaming Corp. ... (read more)
Mikohn Turns Quarterly Profit3 November 2004
Mikohn Gaming Corp., a Las Vegas-based manufacturer of slot and table games, on Tuesday reported third-quarter earnings of $1.6 million, the best quarterly performance for the company in three years.
The company, which recently rolled out slot machines based on the Garfield cartoon character, said ... (read more)
Quarterly Revenue Jumps at IGT2 November 2004
International Game Technology, buoyed by a 14 percent increase in revenue for its fourth quarter, closed its fiscal year with record results, the company announced today.
Reno-based IGT, the world's largest slot machine manufacturer, reported revenue of $621.7 million for the quarter, the ... (read more)
BMI Inaugurates McCarran Service1 November 2004
With showgirls, Elvis and a British beefeater in the crowd, Sunday's arrival of Great Britain's second-largest airline at McCarran International Airport might have been mistaken for just another costume party on Halloween.
But the celebration was a salute to BMI, which inaugurated nonstop ... (read more)
Advertising Could Get Boost From LVCVA Windfall26 October 2004
With occupancy of Southern Nevada's resorts up and the average daily room rate increasing, room tax coffers are bulging.
That and the Las Vegas Convention and Visitors Authority's conservative revenue projections have resulted in a financial windfall that will result in budget augmentation ... (read more)
Nevada Exclusion Lists Help Keep Regulators Busy22 October 2004
LAS VEGAS -- Nevada gaming regulators have revised their list of excluded persons, the so-called "black book" of names of people who aren't welcome in the state's casinos.
But unlike most revisions, the number of people on the list shrank, as investigators scratched the names of four people who regulators learned have died since the last black book revision in March. ... (read more)
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