The Cosmopolitan of Las Vegas posted a net loss for the year as the luxury resort continues to attract customers to its restaurants, clubs and retail shops but still struggles to produce strong casino revenues.
Casinos & Gaming
Marc Schorr, chief operating officer of Wynn Resorts Ltd., will retire effective June 1, the Las Vegas-based gaming company announced Thursday in a filing with the Securities and Exchange Commission.
Wynn Resorts Ltd. on Wednesday unveiled plans for Wynn Everett, a
roughly $1.5 billion resort it hopes to build next to the Mystic River in Massachusetts, as the Las Vegas-based gaming company looks to capture the sole Boston-area casino license.
In an effort to garner support for their proposed $1 billion resort casino, Caesars Entertainment Corp. and their partner, Suffolk Downs, have scheduled a series of open houses for residents of East Boston and Revere.
Galaxy Gaming Inc., a Las Vegas-based developer and manufacturer of casino products, has received approval from the Maryland Lottery and Gaming Control Agency to do business in the state.
Bally Technologies Inc. has signed a deal to provide its iGaming platform and mobile platform to the Confederated Tribes of the Colville Reservation. The tribe operates three casinos in Washington – Mill Bay, Okanogan Bingo and Coulee Dam.
Warehouse employees at Wynn Las Vegas and Encore have rejected a union.
In Europe, it’s known as novelty betting. Bookmakers from Paddy Power to William Hill post odds and take bets on a variety of activities, from who looks good to win the Nobel Prizes this year to whether Prince Harry’s next girlfriend will be a blonde or a brunette and who might host the Oscars in 2014.
Wynn Resorts Ltd. announced Tuesday it will hold its annual shareholders meeting on May 7 at Encore in Las Vegas. Shareholders will vote to re-elect four directors as well as ratify the audit committee’s choice of Ernst & Young LLP as independent accountants for the company.
ATLANTIC CITY — Atlantic City’s only smoke-free casino will soon allow patrons to light up on the gambling floor as part of the Chapter 11 bankruptcy filing it made late Monday.
CityCenter’s unfinished Harmon Hotel will once again come alive, perhaps this week, to the sound of construction workers armed with hammers and chisels chipping away structural concrete as legal teams gather evidence for an upcoming trial.
Nothing has occupied the first floor of downtown Henderson’s Pinnacle Building for three years, but a sale of the structure was approved last week, paving the way for an urban lounge to fill the empty space.
He’s the guy in the black cargo pants, neon green shirt and the Cannondale mountain bike as his vehicle and there’s a chance that Lino Haynes will be the first employee who greets you at Red Rock Resort in Summerlin.
For now, we have a benchmark on Strip land values.
LEDYARD, Conn. — Once the envy of Indian Country for its billion-dollar casino empire, the tribe that owns the Foxwoods Resort Casino has been struggling through a financial crisis and pursuing more revenue from an unlikely source: U.S. government grants.
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