J.D. Morris

Story Archive

Lucky Dragon casino fully financed, will be finished this year, backers say: Thursday, May 5, 2016; Backers of the Lucky Dragon resort under construction just off the north end of the Strip say the project is fully financed and on track to open later this year. The boutique project hit ...
Macau struggles, tax provision hurt MGM’s 1st-quarter results: Thursday, May 5, 2016; MGM Resorts, the casino company behind such Las Vegas Strip properties as the MGM Grand, Bellagio and Aria, reported its first-quarter earnings today. Revenue at the company’s United States resorts grew 3 percent compared to 2015, excluding its jointly owned properties. But revenue from ...
Resorts World construction to ramp up this year, finish in 2019: Wednesday, May 4, 2016; Resorts World Las Vegas will begin full-scale construction sometime in the last three months of this year. Appearing before the Nevada Gaming Control Board ...
County commission pushes back on criticism of proposed Strip-airport expressway: Tuesday, May 3, 2016; Plans to build an elevated expressway between McCarran International Airport and the Las Vegas Strip were again received favorably by county officials Tuesday as they discussed some $427 million in financing for ...
Concert review: Rihanna reminds us of her raw performance power: Tuesday, May 3, 2016; The pop star offered a sultry, dynamic combination of material at Mandalay Bay Events Center.
Tropicana owner Penn National gaming grows revenue, earnings in first quarter: Thursday, April 28, 2016; Penn National Gaming, the casino company that owns the Tropicana and operates M Resort, reported its first-quarter earnings today ...
With new corporate name, Station Casinos IPO raises more than $531 million: Wednesday, April 27, 2016; Shares of Red Rock Resorts Inc., the new corporate name of Station Casinos, began publicly trading on the Nasdaq Stock Market today after the company raised more than $531 million in ...
Boyd Gaming revenue grows but earnings fall in 1st quarter: Tuesday, April 26, 2016; The biggest developments on Boyd’s radar right now are its recently announced acquisitions of three casinos: the Aliante in North Las Vegas, and the valley’s two Cannery properties. The company ...
Boyd Gaming buying Cannery casinos in valley for $230 million: Monday, April 25, 2016; Boyd Gaming Corp., fresh off its announcement last week that it would acquire the Aliante casino, said it has reached an agreement to buy the Las Vegas assets of ...
Boyd Gaming to purchase Aliante casino for $380 million: Thursday, April 21, 2016; Boyd Gaming Corp. announced today that it has reached an agreement to buy the Aliante casino in North Las Vegas for $380 million. In purchasing ...
Marnell Gaming gets final OK to buy Nugget in Sparks: Thursday, April 21, 2016; State gaming regulators today granted final approval to Marnell Gaming LLC’s acquisition of the Nugget casino in Sparks. The Nevada Gaming Commission signed off on the company’s purchase of the Northern Nevada property for ...
Stevens brothers purchase more property on Fremont Street: Thursday, April 21, 2016; Downtown Las Vegas casino owners Derek and Greg Stevens today announced they bought more real estate on Fremont Street ...
Commission to kick light-rail conversations into high gear: Thursday, April 21, 2016; Plans to bring light rail to Las Vegas are moving forward, at least for now. Proponents of the transit technology are pushing it as a way to better connect McCarran International Airport with the Strip and downtown Las Vegas. Officials have not yet resolved one of the proposal’s biggest uncertainties — how it would be funded — but they have started to make some progress on the general concept ...
Las Vegas Sands revenue, earnings fall in 1st quarter: Wednesday, April 20, 2016; Las Vegas Sands, the casino company that runs the Venetian and Palazzo on the Strip, as well as properties in Macau, Singapore and Pennsylvania, reported ...
Shares of MGM real estate subsidiary up 4.8 percent on first day of trading: Wednesday, April 20, 2016; Shares of MGM Resorts International’s new real estate subsidiary were up 4.8 percent today at the close of their first day of public trading on the New York Stock Exchange. The Las Vegas-based casino operator announced ...
Slots? Not. Why gaming isn’t key part of some new Strip attractions: Wednesday, April 20, 2016; The Park. T-Mobile Arena. The Linq promenade. The proposed Paradise Park at the Wynn Las Vegas and Encore. What do they have in common? Their development stemmed from one factor: The decrease in …
MGM’s new real estate subsidiary prices IPO at high end of expectations: Tuesday, April 19, 2016; MGM Resorts International said today that the initial public offering of its new real estate subsidiary has been priced at $21 per share, raising gross proceeds of ...
Golden Entertainment buying more Montana gambling machines for $25 million: Tuesday, April 19, 2016; Las Vegas-based Golden Entertainment Inc. announced today that it has moved to acquire its second line of gambling devices in Montana for about $25 million, a transaction that the company said will ...
Fishing for new customers, Orleans recasts its food offerings: Sunday, April 17, 2016; Now nearly 20 years old, the Orleans has carved out a solid niche in the Las Vegas gaming market, but Boyd officials want the new restaurants to attract more foodies, millennials, locals and …
$1.1 billion sale of Crystals mall has closed: Friday, April 15, 2016; The $1.1 billion sale of the Crystals mall on the Las Vegas Strip has closed, MGM Resorts International announced today. CityCenter Holdings LLC revealed last month that it was selling the luxury mall, known formally as ...
RTC board adopts major transportation investment plan: Thursday, April 14, 2016; A sweeping, long-term plan to drastically improve transit in the Las Vegas area was adopted today by the board of the Regional Transportation Commission. The Transportation Investment Business Plan ...
Analysis: Stadium near McCarran shouldn’t be derailed by height issues: Wednesday, April 13, 2016; Plans for a domed 65,000-seat football stadium near McCarran International Airport likely will not be derailed by conflicts over the facility’s height ...
Larry Ruvo, Caesars employees honored for giving back: Wednesday, April 13, 2016; Local businessman Larry Ruvo and numerous Caesars Entertainment Corp. employees were honored for their philanthropy and volunteerism today by Gov. Brian Sandoval and some top Caesars executives. Sandoval presented Ruvo with the inaugural Caesars Community Hero award, which ...
Longtime Las Vegas Sands board member Michael Leven retires: Tuesday, April 12, 2016; Las Vegas Sands Corp. said today that former president Michael Leven has decided to retire from the company’s board of directors. The casino operator told the Securities and Exchange Commission that ...
Officials approve $42 million to implode old Riviera: Tuesday, April 12, 2016; It’s official: Two hotel towers at the shuttered Riviera will be subject to separate implosions in June and August, more than a year after the historic resort closed its doors. The Las Vegas Convention and Visitors Authority ...
Steve Wynn making rare return to Mirage for gaming conference: Tuesday, April 12, 2016; More than a quarter century after Steve Wynn kicked off a new chapter in Las Vegas history with the opening of his flashy Mirage resort, he will return to the iconic property for a public reflection of sorts. The casino mogul is set to give a special keynote address at the outset of a major four-day gambling conference at the Mirage in June. Organizers ...
Hurry back: 5 things we know about people who visited Las Vegas last year: Friday, April 8, 2016; Las Vegas tourists gambled a little bit more in 2015 than in the year before, but they also spent substantially more on rooms, food, drinks and shows, according to a recent report from the ...
Las Vegas Sands agrees to pay $9 million to settle SEC charges: Thursday, April 7, 2016; Las Vegas Sands Corp. has agreed to pay a $9 million civil penalty to settle charges that it broke the law by neglecting to appropriately authorize or document millions ...
Wynn Resorts announces major Las Vegas expansion project: Wednesday, April 6, 2016; Steve Wynn intends to transform the golf course behind his Las Vegas resorts into an expansive new development that includes a 38-acre lagoon attraction accompanied by a 1,000-room hotel tower, a small casino, restaurants, nightlife and meeting space. Wynn, chairman and CEO of Wynn Resorts Ltd., revealed the plans ...
Marnell Gaming gets initial OK to buy Nugget casino in Sparks: Wednesday, April 6, 2016; Marnell Gaming LLC today received the first approval it needs from state gaming regulators to acquire the Nugget casino in Sparks. The Gaming Control Board ...
Former Sparks Nugget ownership fined $1 million over money laundering violations: Tuesday, April 5, 2016; The former ownership of the Nugget casino in Sparks has been hit with a $1 million civil penalty for “egregiously and willfully” violating ...
Wynn Resorts expects 1st-quarter revenue in Macau to be down again: Tuesday, April 5, 2016; Wynn Resorts Ltd. said today it expected its first-quarter results to again show substantially lower revenue from the company’s Macau operations, though Las Vegas revenue could be slightly higher than a year ago. The company released preliminary earnings results ...
MGM celebrates opening of the Park entertainment district: Monday, April 4, 2016; MGM Resorts International today celebrated the opening of its Park dining and entertainment district, which officials praised for bringing a new kind of public space to the bustle of ...
Unions certified to represent workers at Trump International Hotel: Monday, April 4, 2016; A federal labor official has certified the Culinary and Bartenders unions as the legal collective bargaining representatives at the Trump International Hotel in Las Vegas, per a recent decision that ...
A walk in the Park: A guide to Las Vegas’ newest attraction: Monday, April 4, 2016; MGM Resorts International’s new dining and entertainment district, the Park, opens today, injecting a swath of nature into the built-up landscape of the Las Vegas Strip. The $100 million district between New York-New York and Monte Carlo, both of which are owned by MGM Resorts, represents a major step in an ongoing evolution in the resort corridor. Like Caesars Entertainment’s Linq Promenade ...
Baccarat blues: How one game is affecting Las Vegas casino revenue: Friday, April 1, 2016; Statewide, February gaming revenue rose more than 8 percent compared to the year before in Nevada, as casinos benefited from a popular Super Bowl and an extra day ...
In-N-Out to open at the Linq this year: Thursday, March 31, 2016; In-N-Out Burger will open its first location on the Las Vegas Strip later this year at the Linq promenade. Caesars Entertainment, which owns the Linq, announced that the wildly popular California burger chain will open ...
Parking will cost $10 or more at some spots near new arena: Wednesday, March 30, 2016; Customers attending events at the new T-Mobile Arena will need to pay at least $10 to park in certain spots nearby, according to MGM Resorts International. Starting with ...
Las Vegas Sands names Sheldon Adelson’s son-in-law CFO: Wednesday, March 30, 2016; Las Vegas Sands Corp. announced today that it has appointed Patrick Dumont, son-in-law of CEO Sheldon Adelson, as the company’s chief financial officer. Dumont, 41, has held various leadership roles since ...
Riviera too big to implode all at once, official says: One hotel tower likely to come down in June, the other in August; Tuesday, March 29, 2016; The hotel towers at the shuttered Riviera will likely each face two separate implosion dates: one in June and the other in August. That’s according to ...
Elaine Wynn accuses ex-husband of ‘reckless behavior’ in fight over Wynn Resorts shares: Monday, March 28, 2016; Elaine Wynn today unleashed a series of fresh allegations against her ex-husband, Wynn Resorts Ltd. CEO Steve Wynn, as she continued legal efforts to dissolve ...
New stadium would help UNLV become a top-tier school, president says: Thursday, March 24, 2016; Las Vegas Sands Corp. and Majestic Realty Co. are publicly airing their plans for a 65,000-seat football stadium for the first time today before a key infrastructure panel ...
Q+A: Director of UNLV Center for Gaming Regulation has global vision: Thursday, March 24, 2016; Andre Wilsenach knew very little about the casino industry when, in the 1990s, he was named to a panel examining whether South Africa should legalize gambling. Now he is ...
Stratosphere owner grows revenue, profit for fourth quarter and all of 2015: Wednesday, March 23, 2016; American Casino said in a statement that its net revenue increase was driven by revenue growth from slot and table games as well as ...
Dueling polls show public support for convention center, stadium: Wednesday, March 23, 2016; Debate about whether public money should support an expansion of the Las Vegas Convention Center or the construction of a new football stadium on land owned by ...
Calls to beef up border security after Brussels attacks loom over Las Vegas economy: Tuesday, March 22, 2016; Tuesday’s terrorist attacks in Belgium prompted public discussion about whether the United States should react in ways that could have a major impact on Southern Nevada's ...
MGM real estate subsidiary files for initial public offering: Tuesday, March 22, 2016; MGM Resorts International’s new real estate subsidiary, which will own 10 of the company's properties, filed a registration statement for an initial public offering today. MGM Growth Properties LLC said ...
IGT grows revenue, reports $73.5 million profit in 4th quarter: Friday, March 18, 2016; Slot machine and lottery company International Game Technology reported its fourth-quarter and full-year earnings on Thursday. The company was created by the $6.4 billion merger between Gtech, an Italian lottery operator, and ...
CityCenter’s Shops at Crystals selling for $1.1 billion: Friday, March 18, 2016; The luxurious Crystals mall on the Las Vegas Strip is being sold to two real estate companies for about $1.1 billion, its owners announced today. CityCenter ...
Some casinos won’t report earnings to SEC anymore under new regulation: Thursday, March 17, 2016; Certain privately owned casinos, such as the Cosmopolitan and SLS Las Vegas, will no longer have to report their earnings publicly because of a new regulation passed today by ...