Golden Entertainment will invest $140 million over three years in its newly acquired Stratosphere property, including $32 million this year, company executives said in a quarterly earnings call Thursday.
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 procedure runs parallel to Wynn Resorts’ surprise move Monday to drop all claims against Steve Wynn’s former business partner Kazuo Okada, ending a six-year legal battle that followed his ouster from Wynn’s board of directors.
Executives of Las Vegas-based Everi Holdings say they’re on the way toward becoming more than just a casino cash access company.
The Las Vegas Convention and Visitors Authority on Tuesday extended its sponsorship of the Pac-12 Men’s Basketball Tournament through 2020 by unanimously authorizing $500,000 to fund the four-day event.
The American Gaming Association believes $10 billion will be bet on the NCAA “March Madness” basketball tournament that begins this week and only 3 percent of that will be wagered legally.
Gov. Brian Sandoval’s Gaming Policy Committee, in record time last week, approved a resolution affirming the state’s stance on the use of marijuana in gaming establishments in what was likely the last policy group assembled under his watch.
A convicted crook with a penchant for ripping off elderly casino patrons by distracting them at casino redemption kiosks and ATMs has been nominated to the state Gaming Control Board’s List of Excluded Persons, frequently referred to as Nevada’s “black book.”
An Alabama Indian tribe with diverse casino holdings, including a property in Gardnerville, is buying the Sands Bethlehem in eastern Pennsylvania for $1.3 billion from Las Vegas Sands Corp.
London-based IGT rode a stronger-than-expected fourth quarter and benefits from the U.S. tax reform to top analysts’ projections and finish 2017 at the high end of the company’s cash flow guidance.
The state Gaming Control Board on Wednesday recommended that the Nevada Gaming Commission enact amendments affecting club personnel and properties with at least one nightclub or dayclub.
The state Gaming Control Board on Wednesday unanimously recommended approval of the transfer of a gaming license for the SLS Las Vegas on the Strip to a company controlled by Reno casino operator Alex Meruelo and his Meruelo Group of diversified businesses.
When local residents cross the border to buy lottery tickets in Arizona they’ll be purchasing them from merchants using equipment developed in Nevada.
Rep. Dina Titus has sent a letter to the U.S. attorney general’s office asking for an opinion to keep internet gambling legal.
Steve Wynn demanded salon employees at Wynn Las Vegas record a video in which they stated they were never assaulted by him and the former chairman and CEO of the company continues to make appointments and receive manicures, pedicures and services there or at his on-property villa, according to a new lawsuit filed in Clark County District Court.
It’s been a month since Steve Wynn stepped down as chairman and CEO of Wynn Resorts Ltd., and investigations continue in Nevada, Massachusetts and Macau.