Reno-based Eldorado Resorts is changing partners on deals for two casinos and Caesars Entertainment is selling off an Atlantic City property, anticipating a June merger.
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.
In a prospectus filed Thursday with the SEC, MGM Resorts International said it is improving its liquidity position with $750 million in senior notes due in 2025.
Citing a commitment the company made in mid-March, Las Vegas Sands CEO Sheldon Adelson has agreed to extend pay and benefits for 9,300 employees through at least May 17.
The resort operator’s numbers reflect the economic damage of the coronavirus pandemic and government-ordered casino shutdowns in Nevada and Macao.
State gaming regulators have issued a memorandum addressing the filing of forms and paperwork that will enable casinos to reopen — but there’s no date for that to occur.
The Herbst family is developing a casino near Creech Air Force Base in Indian Springs that is expected to open in early June.
Las Vegas labor unions are calling for stronger protections and personal protective equipment for all front-line workers in Nevada.
The state’s gaming tax is calculated based on a percentage of a casino’s win. Lost winnings means lost general fund tax revenue that supports government functions from schools to public safety.
Casino industry analysts expect casinos to be among the first to come back, but the product is going to look different than it did before the virus shutdown.
The coronavirus outbreak sealed the fate of what was expected to be the largest special event on the city’s 2020 calendar and a coming-out party for the Las Vegas Raiders.
The reopening of Macao’s casinos after a 15-day shutdown may offer a glimpse into Las Vegas’ future — a hoped-for return to being the 24/7, glimmering disco ball of a city that it was.
Bets can be taken on the League of Legends European Masters, the League of Legends European Championship and the North America League of Legends Championship Series.
Despite a massive cut in the Las Vegas Convention and Visitors Authority budget, plans to complete the West Hall expansion and a transit system by January are continuing.
The Las Vegas Convention and Visitors Authority reduced its 2019-20 budget by $79 million but will continue work on its West Hall expansion and people-mover projects.
There’s a reason Gov. Steve Sisolak has deemed construction an essential service because finishing Allegiant Stadium will be critical to the community’s return to normal.