Casinos & Gaming
An appeals court has overturned a ruling that awarded The Venetian an unpaid gambling debt of $499,000 plus interest, saying the judge erred by excluding evidence that the customer had terminated his line of credit.
An attorney for the California resident said the ruling could change how casinos govern lines of credit, or markers.
The visitor count for Las Vegas grew by 1 percent compared to the same month in 2009, the lowest rate of increase since April and less than half of the 2.6 percent for the first 11 months of last year, according to the Las Vegas Convention and Visitors Authority.
Gaming revenues fell almost 6 percent in November, ending a three-month rally by Nevada casinos. On the Strip, gaming revenues declined 4.1 percent, which halted four straight months of either increases or flat results. The focus was immediately trained on December, expected to close out 2010 on an upbeat note.
