While business is slowly improving for the 41 casinos operating in the special administrative area, revenue continues to be down dramatically in November.
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.
The lack of convention sand trade shows and fewer flights are the biggest reasons Strip properties are having greater financial angst than their locals counterparts.
Casino companies operating in Massachusetts are required to provide financial information that is kept confidential in Nevada and Wynn Resorts reported numbers last week.
Encore Boston Harbor needed permission from the Massachusetts Gaming Commission to sell takout wine and malted beverages and the board unanimously approved the request.
Tourism indicators continue to be down in October with the possibility they could be worse in November and December after a three-week “pause” was instituted.
A U.S. Bankruptcy Court judge has approved the sale of the Las Vegas Monorail to the Las Vegas Convention and Visitors Authority.
Gaming Control Board numbers show Southern Nevada casinos faring worse than their northern counterparts with significant declines on the Strip and in downtown Las Vegas.
Strip casino operator MGM Resorts International is immediately working to adjust its operations.
Geography, state health policies, corporate staff decisions and whether a company serves a global or regional audience show how companies performed in the third quarter.
The Nevada Gaming Commission was satisfied that the philanthropist and education advocate provided enough information when Steve Wynn left the company in 2018.
Bartenders and patrons at The Timbers weren’t wearing masks when Gaming Control Board agents made an unannounced visit to the tavern in August.
The Bally’s brand is also part of the deal with the company now known as Bally’s Corp. and renews speculation that the Las Vegas Strip property could change hands.
After shutdowns in New Mexico and Michigan, Illinois Gov. J.B. Pritzger issued an order requiring the state’s 10 licensed casinos to close by Thursday night.
Acting on an anonymous tip, the Nevada Gaming Control Board filed a complaint against The Timbers, a Carson City tavern, and the Gaming Commission may fine it $5,000.
The company building the $1.66 billion MSG Sphere at The Venetian isn’t concerned about reports that its partner, Las Vegas Sands Corp., is considering the sale of real estate assets.