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CHAPTER 11 BANKRUPTCY FILING: Station heads to court
A bankruptcy court judge in Reno will begin hearing motions today in Station Casinos' bankruptcy case, which one analyst suggested could last at least a year.
By Wednesday, Station Casinos had [read more]
[ source ] http://www.lvrj.com : July 30, 2009 |
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Las Vegas investor seeks approval of Riviera ownership stake
Casino investor and Las Vegas 51s owner Derek Stevens is asking Nevada regulators to approve his ownership stake in the financially troubled Riviera, a request his attorney admits may be [read more]
[ source ] http://www.lvrj.com : July 10, 2009 |
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Gaming win has upside, downside
First, the good news: Statewide gaming revenues fell 8.3 percent in May, ending seven straight months of double-digit declines.
Now, the bad news: Statewide gaming revenues fell 8.3 percent in [read more]
[ source ] http://www.lvrj.com : July 10, 2009 |
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IGT to lay off at least 55 at Reno headquarters; plans to cut $100 million in 2010
International Game Technology, the world's largest gaming slot producer, will layoff about 55 more people at its Reno headquarters this week as it continues to readjust during a recession, a company [read more]
[ source ] http://www.rgj.com : July 10, 2009 |
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Nevada taxes rise for gaming industry
Nevada's gaming industry will absorb two tax increases today.
First, the hotel-room tax goes up an average of 3 percent in Las Vegas and 1 percent at a few resorts in Reno, including the Atlantis [read more]
[ source ] http://www.rgj.com : July 1, 2009 |
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Lapses in talk seen to cause Harmon woes
The company responsible for ensuring that construction work on CityCenter's Harmon Tower was done properly Tuesday blamed communications breakdowns between different groups for problems at the [read more]
[ source ] http://www.lvrj.com : July 1, 2009 |
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Five Nevada casinos controlled by Holder will not close during Chapter 11
Five Northern Nevada rural casinos controlled by Harold Holder Sr. will not close even though the companies have filed for Chapter 11 bankruptcy reorganization, a Holder spokesman said [read more]
[ source ] http://www.rgj.com : June 23, 2009 |
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State gaming regulators shied away from policing borrowing
NEVADA -- Nevada gaming regulators are famous the world over for legitimizing the gaming industry, rooting out undesirable operators and guaranteeing the integrity of play.
But the oversight isn't [read more]
[ source ] http://www.casinocitytimes.com : June 22, 2009 |
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Ex-MGM exec gets OK to run Trop
The transition to the Tropicana's new ownership and management July 1 will be a smooth one, the new top executive of the property assured the state Gaming Commission on Thursday.
The current owner [read more]
[ source ] http://www.lvrj.com : June 19, 2009 |
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Crown Writes Down Fontainebleau Stake Value to Zero
Australia's largest casino owner, wrote down the value of its 19.6 percent equity stake in Fontainebleau Resorts LLC to zero after three units of the U.S. developer filed for bankruptcy.
The [read more]
[ source ] http://www.bloomberg.com : June 10, 2009 |
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