Longtime gaming executive Phil Satre has been named vice chairman of the Wynn Resorts board of directors and will become chairman next year, a move lauded by top shareholder and co-founder Elaine Wynn.
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.
There’s plenty of expertise in Nevada to lead the way toward fundamental sports-betting policy but there aren’t many roadmaps showing how to get where states want to be. That is, until Anthony Cabot’s new book hit the bookshelves in late May.
Boulder City residents are fairly confident the city that built Hoover Dam will not become a ghost town when the Interstate 11 bypass opens this week.
A tentative agreement was reached late Thursday between Culinary Local 226 and SLS Las Vegas, one of three Strip properties that had been unsigned.
Reno-based regional casino operator Eldorado Resorts Inc. saw revenue improve by nearly 22 percent in its second quarter with record cash flow, the company reported Thursday.
A tentative agreement has been reached on a new five-year contract between the Culinary union and the Downtown Grand, representatives of Culinary Local 226said Thursday.
MGM Resorts International on Thursday reported a 41 percent decline in earnings for its second quarter a day after its stock price neared its 52-week low.
Las Vegas-based Scientific Games’ four core business divisions gained ground in the company’s second quarter, shrinking losses after the company’s 11th straight quarter of year-over-year revenue and adjusted cash flow growth.
Wynn Resorts Ltd. shares were among the pack of casino companies that fell Wednesday, even though revenue and earnings improved in the company’s secondquarter.
Red Rock Resorts rode the white-hot Las Vegas economy to healthy second-quarter results despite a major presence of construction workers in and around Palace Station and Palms.
Nevada gaming win continued its upward trend with a 4.2 percent increase to $933 million in June, the state Gaming Control Board reported Tuesday.
East Coast casino openings and increases from growing sports betting opportunities boosted London-based IGT in the second quarter, company officials reported Tuesday.
Las Vegas Convention and Visitors Authority CEO Rossi Ralenkotter is taking steps to collect a retirement settlement that could cost taxpayers tens or hundreds of thousands of dollars, even as Las Vegas police conduct a criminal investigation into the tourism agency’s spending practices.
Because of the high-profile nature of the National Football League and the Oakland Raiders, it’s easy to lose sight of the fact that Southern Nevada is gaining a new tourism asset in 2020: the 65,000-seat stadium itself.
Board members on Thursday approved the Raiders’ Personal Seat License marketing plan and authority members and team representatives indicated sales are going better than expected.
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