The company that owns the Cosmopolitan of Las Vegas has retained two investment banks to explore the possible sale of the 3,000-room Strip resort.
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.
An expert in employment law believes Wynn Resorts’ harassment compliance plan should satisfy regulators.
Anthony Rodio, 60, top executive of privately held Affinity Gaming since October, is expected to be announced as the successor to Caesars CEO Mark Frissora on Monday, according to reports in the Wall Street Journal, MarketWatch and StreetInsider.
Richard Branson attended the kickoff of Virgin Trains USA earlier this month and wants to develop tie-ins once the company’s high-speed rail line is in place between Victorville, California, and Las Vegas.
The Las Vegas Convention and Visitors Authority monitors the changing face of the Vegas visitor annually so that resorts can react to attract more people to the destination.
Wynn Resorts Ltd. has received clarity from the state Gaming Control Board that its CEO, Matt Maddox, remains in good standing in Nevada.
The Culinary Union is wary of hedge fund activist Carl Icahn’s growing influence of Caesars Entertainment Corp and Corvex Capital founder Keith Meister’s influence of MGM Resorts International.
The ban would mean Steve Wynn would not be able to step onto the grounds of Wynn Las Vegas or Encore Las Vegas, which he opened in 2005 and 2008, respectively.
Downtown Las Vegas’ Golden Gate property cleared a hurdle Wednesday in efforts to open its own race and sportsbook, winning a recommendation for licensing approval from the state Gaming Control Board.
Nelson’s arrival is occurring in the midst of an investigation and personnel shakeup at the LVCVA prompted by stories published by the Review-Journal.
The LVCVA’s board of directors has approved a $32 million contract with Las Vegas-based Klai Juba Wald Architecture and Interiors to oversee the renovation of exhibition halls.
Sun Country Airlines will add 13 new flights a week with seasonal nonstop routes connecting Las Vegas to four cities beginning in September.
Elaine Wynn never told gaming regulators what she knew of a sexual encounter Steve Wynn had with a manicurist and the subsequent $7.5 million settlement payment made because, she said, people she trusted told her the matter was appropriately handled.
Wynn Resorts Ltd. board member Pat Mulroy left no doubt with Massachusetts Gaming commissioners who she believes is responsible for the company’s failure to disclose a settlement payment to regulators in 2005.
After 14 months of denying allegations of sexual misconduct, former Wynn Resorts Ltd. Chairman and CEO Steve Wynn said in a report released Tuesday that he had “multiple, consensual relationships”with employees over the years.
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