Las Vegas-based gaming equipment manufacturer Scientific Games Corp. suffered its fourth straight quarterly net loss, but saw revenue climb 9.4 percent for the quarter and 6.9 percent for the year, the company reported Wednesday.
Richard N. Velotta
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.
Convention attendance was off 16.7 percent and January visitor volume was down 3.3 percent, but the average daily room rate soared for the month to the highest level in history, the Las Vegas Convention and Visitors Authority reported Wednesday.
The continued ongoing disruption of two Station Casinos’ properties dampened fourth-quarter earnings for Las Vegas-based Red Rock Resorts, company officials said Tuesday.
Parking, possibly the most difficult problem the Oakland Raiders face as the team works toward receiving the funds necessary to build its planned 65,000-seat indoor football stadium, will be a key topic in Thursday’s Las Vegas Stadium Authority meeting.
The Las Vegas Convention and Visitors Authority is close to hiring a general contractor for the Las Vegas Convention Center expansion project, estimated at $860 million.
While the Southern Nevada casino industry enjoys a burst of prosperity and development, it also may be facing a tide of negative sentiment from loyal casino customers regarding high resort fees and paid parking policies at Strip casinos.
The Las Vegas Stadium Authority and the Oakland Raiders hope to finalize a stadium development agreement that has been months in the making at a special meeting scheduled for Thursday.
A poker dealer at Bellagio had his gaming employee registration revoked by the Nevada Gaming Commission following a hearing Thursday over accusations he stole $5 poker chips while working as a dealer at Bally’s.
The Oakland Raiders have put up a $5 million bond with Clark County to decommission the 63-acre site of the Las Vegas stadium if construction plans fall through.
It never occurred to Wynn Resorts CEO Matt Maddox that what he thought was a prank telephone call in 2002 would ultimately lead to a possible appearances before regulators to answer questions about his boss and mentor, Steve Wynn.
When the state Gaming Control Board released its statewide gaming win statistics for 2017 in late January, the headline was the 2.8 percent increase from $11.26 billion in 2016 to $11.57 billion for the 336 nonrestricted locations across Nevada.
When conventioneers come to Las Vegas starting in 2021, many of them will experience a meeting environment they’ve never had in their previous trips to Southern Nevada.
Spurred by an overwhelming number of telephone calls regarding the Steve Wynn investigation, the state Gaming Control Board will set up a portal on its website to receive information on active board investigations.
Steve Wynn is a smart and charismatic speaker who can paint a vivid landscape of words from his imagination. How could somebody that smart allow himself to be cornered into the position of having to quit now?
A Las Vegas judge has reversed an earlier ruling that prevented Steve Wynn’s former business partner from making legal claims against the Wynn Resorts board of directors.