MGM Resorts International, citing anxiety created among stakeholders, announced it is discontinuing talks to acquire Encore Boston Harbor from Wynn Resorts Ltd.
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.
Gaming industry analysts are speculating how and why Wynn Resorts Ltd. would sell Encore Boston Harbor to MGM Resorts International — and what the price tag would be.
Las Vegas attorney Steven Cohen is named to the Nevada Gaming Commission ahead of a meeting where commissioners will consider a nomination to the state’s “black book.”
The installation of IGT slot machines at Wynn Resorts’ Encore Boston Harbor contributed to IGT’s profitable first quarter, the company reported Monday.
Wynn Resorts Ltd. and MGM Resorts International have acknowledged that they have been in talks for Wynn to sell Encore Boston Harbor, due to open in June, to MGM.
The Las Vegas Convention and Visitors Authority is on the verge of placing one of the biggest bets in its history. It’s the futures bet of all futures bets.
In a Securities and Exchange Commission filing, MGM Resorts International says it has $800 million available to shooting victims and hopes to settle claims by May 2020.
Rickisha Hightower, a former deputy attorney general, has been named interim commissioner of the Nevada Financial Institutions Division, replacing retired George Burns.
Longtime Las Vegas gaming executive Scott Sibella has been named president of Resorts World Las Vegas, the 3,400-room resort that will open in late 2020 on the Strip.
Becky Harris, an academic fellow at UNLV’s International Center for Gaming Regulation, says the inaugural sports-betting forum in Boston was a success.
Nearly half of the $1.8 billion has been spent and construction on the Las Vegas stadium is about 44 percent completed with 11 of 26 canopy trusses in place.
The Las Vegas Convention and Visitors Authority next week will consider a controversial, $52.5 million underground transit system for the Las Vegas Convention Center.
A year and a day after the U.S. Supreme Court struck down PASPA, UNLV’s International Center for Gaming Regulation is bringing the sports-betting industry together.
The NCAA policy change that will enable Las Vegas to bid for the national championship football game, Final Four and Frozen Four will provide a state tourism boost.
The manufacturer of “Shark Week”-themed slot machines reported net income of $5.9 million on revenue of $123.8 million for the period.
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