The Sphere continues to lose money, but officials say the Las Vegas entertainment venue is improving financially and will add sound soon to its exterior display.
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.
Two multibillion-dollar resorts — both with arenas that would be capable of hosting an NBA team — are in the works for Southern Nevada. Are both of them financially viable?
Shareholders would get a 40 percent cash premium on the sale of their shares to the New York-based middle-market private equity firm.
Wynn Las Vegas and Fontainebleau Las Vegas have traded barbs over allegations that Fontainebleau has tried to steal executive talent from Wynn.
Former Las Vegas gaming executive Scott Sibella was sentenced for knowingly allowing an illegal bookmaker to gamble at MGM Grand, violating anti-money-laundering laws.
Noted as the first tribal enterprise to manage a commercial casino in Nevada, the Mohegan group will turn over management to Virgin Hotels Las Vegas.
Allegiant reported a quarterly loss resulting from a combination of factors, including Boeing Co.’s failure to deliver promised 737 MAX jets.
Now owned by Apollo Management Group, The Venetian paved the way for Las Vegas Sands’ integrated resorts in Macao and Singapore and is a model for the future.
An executive explained why Bally’s is in no hurry to produce plans for a resort that would be attached to the Oakland Athletics’ stadium at the Tropicana site.
Scott Sibella, former president of MGM Grand and Resorts World, faces sentencing in California and is the subject of a Nevada Gaming Control Board complaint.
Two years ago, the Nevada Gaming Commission gave the media mogul only conditional approval because of an insider trading investigation.
A group of local developers are looking to build a 2,500-room resort with 20,000-seat arena on the former Wet ‘n Wild site once targeted for Jackie Robinson’s All Net Arena.
The convergence of Olympic curling triumphs, a Canadian fan base and a nonprofit club have laid the groundwork for a new local facility.
The Tropicana was profitable right up to its April 2 closing date, and operators didn’t close early because it was losing money, according to executives of the company that owns the resort’s land.
The number of passengers using Harry Reid International Airport in March was the third highest in the airport’s history, with international travel fueling that growth.