Las Vegas Sands Corp. has joined other Strip operators in raising resort fees.
Todd Prince
Reporter: Business Tourism, Gaming
Email: tprince@reviewjournal.com
Phone: (702) 383-0386
Todd Prince joined the Review-Journal in January 2017 as a gaming and tourism reporter after spending 17 years in Russia. During his time in Moscow, Todd worked 7 years as a stockbroker for Bank of America-Merrill Lynch and five years as a business and political reporter for Bloomberg News. He also worked several years as a freelance writer and photographer for publications including The Moscow Times. Todd speaks Russian and has a bachelor’s degree in history from Brooklyn College.
Wynn Resorts has agreed to pay Okada the $1.94 billion principal amount on his redemption note, the company said in a statement Thursday after the market closed.
Caesars Entertainment Corp. said Wednesday that its Las Vegas revenue fell in the fourth quarter following the Oct. 1 massacre but the company gave an upbeat outlook for 2018.
Wynn Resorts Chief Executive Officer Matt Maddox told investors business this quarter is booming despite a sexual harassment scandal against its founder Steve Wynn.
A Nevada court dismissed Steve Wynn’s motion Friday to terminate an eight-year-old shareholder agreement with his ex-wife Elaine that would have allowed both of them to sell their shares in Wynn Resorts.
February gaming revenue rose 5.7 percent to $3 billion. It is the smallest gain since January 2017 and a much smaller gain than then 10 percent increase Wall Street analysts had expected.
Caesars Entertainment Corp. and MGM Resorts International are playing catch up with each other on fees.
Executives at MGM Resorts International, emboldened by recent increases in Caesars’ resorts fees, plan to raise their resort fees at some properties.
Former clients of Bettor Investments, one of the first sports betting mutual funds in Nevada, are accusing the company’s founder of going “radio silent” and not responding to requests to return their money.
A Las Vegas resident may be the first in the state to get arrested on charges of money laundering using bitcoin.
Boyd Gaming Corp. reported that property acquisitions in North Las Vegas drove fourth quarter net revenue up by 6.5 percent.
Steve Wynn has been living in a duplex villa at Wynn Resorts overlooking his golf course and valley mountains for the past decade.
Aria has completed a $170 million investment that nearly doubles its convention space capacity to 500,000 square feet as Las Vegas properties race to capture more lucrative meeting business.
Caesars Entertainment Corp., one of the world’s largest casino operators by properties, plans to have employees on a daily basis visually check all occupied rooms marked as “Occupied” as the hospitality industry confronts calls for improved security.
Lawyers for Kazuo Okada said the Japanese billionaire signed a consent to allow Elaine Wynn to sell her shares in Wynn Resorts on the presumption the company would lend him money. The loan never materialized and Okada now claims it resulted in increased financial costs for his Philippines casino project.