MGM Resorts International confirmed the elimination of 557 more jobs Thursday, bringing the total of layoffs to 1,070 as a result of the MGM 2020 cost-cutting program.
Richard N. Velotta
Assistant Business Editor
Email: rvelotta@reviewjournal.com
Phone: (702) 477-3893
X: @RickVelotta
Richard N. “Rick” Velotta has covered business, the gaming industry, tourism, transportation and aviation in Las Vegas for 25 years. A former reporter and editor with the Las Vegas Sun, the Ogden (Utah) Standard-Examiner, the Arizona Daily Sun in Flagstaff and the Aurora (Colo.) Sun, Velotta is a graduate of Northern Arizona University where he won the school’s top journalism honor. He became the Review-Journal's assistant business editor in September 2018.
The UNLV International Gaming Institute turned out to be instrumental in the unlikely bid to move the Raiders from Oakland to Las Vegas.
The total won by Nevada’s casinos from players on slot machines, table games and race and sports pools was down 1.8 percent to $936.5 million in April.
About 650 people from 34 countries are attending the International Conference on Gambling and Risk Taking at Caesars Palace.
Wynn Resorts Ltd. won’t appeal sanctions imposed by the Massachusetts Gaming Commission and on Tuesday paid fines ordered by commissioners, the company announced.
The organization’s board on Wednesday voted 13-1 to approve a $48.7 million contract with The Boring Company for an underground people-mover transit system.
While a Boston newspaper columnist labeled Wynn Resorts CEO Matt Maddox as “Mad Matt,” he probably is angrier about what led the company to be in a regulatory mess.
By nearly every standard, the $1.8 billion Las Vegas stadium is about half finished.
The Massachusetts Gaming Commission has verified a construction schedule for Encore Boston Harbor that would open the resort to the public next month.
MGM Resorts International, citing anxiety created among stakeholders, announced it is discontinuing talks to acquire Encore Boston Harbor from Wynn Resorts Ltd.
Gaming industry analysts are speculating how and why Wynn Resorts Ltd. would sell Encore Boston Harbor to MGM Resorts International — and what the price tag would be.
Las Vegas attorney Steven Cohen is named to the Nevada Gaming Commission ahead of a meeting where commissioners will consider a nomination to the state’s “black book.”
The installation of IGT slot machines at Wynn Resorts’ Encore Boston Harbor contributed to IGT’s profitable first quarter, the company reported Monday.
Wynn Resorts Ltd. and MGM Resorts International have acknowledged that they have been in talks for Wynn to sell Encore Boston Harbor, due to open in June, to MGM.
The Las Vegas Convention and Visitors Authority is on the verge of placing one of the biggest bets in its history. It’s the futures bet of all futures bets.