In a Securities and Exchange Commission filing, MGM Resorts International says it has $800 million available to shooting victims and hopes to settle claims by May 2020.
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.
Rickisha Hightower, a former deputy attorney general, has been named interim commissioner of the Nevada Financial Institutions Division, replacing retired George Burns.
Longtime Las Vegas gaming executive Scott Sibella has been named president of Resorts World Las Vegas, the 3,400-room resort that will open in late 2020 on the Strip.
Becky Harris, an academic fellow at UNLV’s International Center for Gaming Regulation, says the inaugural sports-betting forum in Boston was a success.
Nearly half of the $1.8 billion has been spent and construction on the Las Vegas stadium is about 44 percent completed with 11 of 26 canopy trusses in place.
The Las Vegas Convention and Visitors Authority next week will consider a controversial, $52.5 million underground transit system for the Las Vegas Convention Center.
A year and a day after the U.S. Supreme Court struck down PASPA, UNLV’s International Center for Gaming Regulation is bringing the sports-betting industry together.
The NCAA policy change that will enable Las Vegas to bid for the national championship football game, Final Four and Frozen Four will provide a state tourism boost.
The manufacturer of “Shark Week”-themed slot machines reported net income of $5.9 million on revenue of $123.8 million for the period.
Alan Feldman, who spent 29 years as a senior executive with MGM Resorts International, will lead the institute’s responsible gaming efforts.
Wynn Resorts Ltd. posted a first-quarter decline in revenue, but a return to profitability, and exeutives say they haven’t decided whether to appeal regulatory sanctions.
The state Gaming Control Board has recommended a provisional license for sports-wagering giant GVC Holdings Plc. following a 2-1 vote and nearly four hours of testimony.
The Martin-Harris/Turner Joint Venture was recommended for a $3.5 million pre-construction contract for the Las Vegas Convention Center renovation project.
New Jersey AG Gurbir Grewal claims the DOJ’s reinterpretation of a law related to sports gambling could hurt New Jersey’s online sports betting businesses.
Las Vegas-based Scientific Games continued to reduce debt and hopes new deals with Wynn Resorts for slot machines and a sports wagering system will improve cash flow.