February 10, 2011 110210
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Wynn Resorts swings to profit in fourth quarter
Wynn Resorts Ltd. of Las Vegas today posted a fourth-quarter profit,
reversing a loss in the year-ago quarter, thanks to revenue increases
in Macau and Las Vegas.
Wynn Las Vegas executive found dead
A Wynn Las Vegas executive was found dead in a luxury high-rise
community late Wednesday night, sources said.
with lenders gives Hard Rock time to deal with debt
The owner of the 1,500-room Hard Rock Hotel in Las Vegas today said
it's reached a "standstill" agreement with lenders that extends through
Feb. 28 -- a deal giving the property some breathing room to deal with
its hefty debt and liabilities totaling $1.4 billion.
New Jersey Casino Control Commissioner Michael C. Epps resigns
ATLANTIC CITY — New Jersey Casino Control Commission board member
Michael C. Epps resigned Wednesday, creating another vacancy on a
regulatory agency that is losing much of its power in an overhaul by
Gov. Chris Christie.
Casino Robbery Suspect Anthony M. Carleo in Court
A tipster told police the suspect in a $1.5 million heist of a Bellagio
craps table had mused about pulling off the dramatic stickup and said
he would get away with it by selling some chips and slowly gambling
away the others, according to a police report.
Nevada Casinos Rebound From Worst Year Ever
Nevada casinos posted a win in 2010, albeit just a slight one, as
gambling and tourism rebounded for the first time since the recession.
accused in nationwide scam lost millions at Las Vegas casinos,
A Utah man implicated in a $275 million scam victimizing consumers
nationwide gambled away and lost millions of dollars at Las Vegas
casinos and by playing Internet poker, investigators say.
couple wins $2.2M whistle-blower lawsuit against IGT
A Reno couple has been awarded more than $2.2 million by a federal
court jury in a whistle-blower lawsuit against slot maker International
Casino opponents call for referendum
The anti-casino coalition Vancouver Not Vegas says Vancouver doesn’t
need the Edgewater Casino to triple in size.
Montana lawmaker wants to legalize blackjack
MT State Representative Tony Belcourt (D-Box Elder) wants to legalize
blackjack in Montana to help fund social services.
Penn National assumes ownership of M Resort and casino
LAS VEGAS - Business at the M Resort may already be benefitting from
the deal that has Penn National assuming ownership of the hotel and
casino that was created by the Marnell family.
roll dice on concert acts at Nevada, Tahoe casinos
RENO - Casino floors aren't the only places in northern Nevada where
gambling occurs; concert promoters roll the dice every time they book a
CityCenter cutting labor by not filling vacant jobs ...
LAS VEGAS - MGM Resorts International is aiming to boost the flagging
fortunes of its $8.5 billion CityCenter development on the Strip, in
part by reducing its biggest expense: labor.
Silk Road restaurant to close, grocery store to open at CityCenter’s
LAS VEGAS - The Vdara hotel-condo tower at CityCenter is closing its
only restaurant in light of a small grocery store opening at the
Executive: No plans in place for stalled Fontainebleau project on Las
A representative of the owner of the Fontainebleau property on the Las
Vegas Strip told gaming regulators Wednesday that there’s still no plan
to complete construction of the dormant 68-story, 3,889-room building.
Some wonder what fate awaits frames of stopped-in-progress Strip
In Laughlin, a few miles up Casino Drive from the cluster of the town's
resorts, sits the hulking shell of what was to have been the Emerald
River, an $800 million hotel, casino, golf and resort complex.
may allow wagering on events other than sports, but don't bet on it
Nevada regulators recently overturned the rules restricting wagering on
non sporting events, paving the way for sports books to begin taking
bets on things such as who will win the Oscar for best picture or who
will be the next "American Idol" winner.
Gaming board chairman says more casino bankruptcies expected
CARSON CITY – The chairman of the Nevada Gaming Control Board says he
expects more casino bankruptcies in the stagnant economy.
Board may cut 18 gaming regulators
Nevada gambling regulators would cut $4.2 million in spending and
eliminate 18 jobs by 2013 despite concerns by some that the state's
regulatory capability is falling behind other jurisdictions, a gaming
control official told legislators Tuesday.
renovation in Reno: 'a multi, multi-million dollar project'
RENO - The developer who built the world-class Montage condominium
project from the bare steel bones of the original Reno Sahara, says his
building standards will remain top notch for the renovation of the
former Fitzgeralds casino, which will include the world’s tallest
Station Casinos Rebranding After Rough Years
LAS VEGAS - Station Casinos says they are launching Nevada's largest
gaming advertising campaign. Stations is rebounding from bankruptcy,
and the company hopes their "We Love Locals" push will bring some love,
and profits, their way.
NFL Forces Vegas Station to Spike Super Bowl Ads for Casino
LAS VEGAS - The NFL forced the Fox affiliate station here to dump
$360,000 in advertisements for a casino conglomerate minutes before
Sunday's kickoff for Super Bowl XLV, the latest maneuver in an ongoing
battle between the football league and the nation's gambling capital.
Nevadan at Work: It's always been about numbers for gaming consultant
Ever since he was a child Jacob Oberman has been fascinated by numbers,
whether they were in a baseball box score or dealt during a hand of
The Bear Growls
Long-time Las Vegas-based advantage player, casino critic, and frequent
contributor LVBear offers his opinions on things that sometimes go
wrong in the world of casinos.
Current and past growls can be read and comments posted at LVBear's
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