MGM Resorts International could generate higher returns on investment if it acquired Wynn Resorts’ unfinished Boston Harbor project, a gaming industry analyst told investors Monday.
Richard N. Velotta
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.
Elaine Wynn and Steve Wynn agreed Monday to settle remaining court claims that Steve Wynn breached their shareholder agreement.
Carl Icahn’s company struck an approximately $1.85 billion deal Monday that would fuse the gambling and hotel operations of Tropicana Entertainment to Eldorado Resorts Inc.
The Knights’ success and current Stanley Cup Playoff run has resulted in a marketing marriage with Las Vegas that has been far more successful than just about anyone could have imagined.
It’s a little puzzling why the meetings and convention industry chooses blue as its theme color. Clearly, it should be green. As in the color of money.
After six weeks of high-intensity meetings with generous high-fiving for the delivery of a comprehensive stadium development deal for the Oakland Raiders and UNLV football, the Las Vegas Stadium Authority got down to more mundane work Thursday.
Newspapers across the country could be thinner or even disappear in the near future as news executives nationwide wrestle with disruptions in paper supplies and new tariffs on newsprint.
The Massachusetts Gaming Commission will conduct a public hearing, probably in three weeks, to hear Steve Wynn’s request to be removed as a “qualifier” as part of the $2.4 billion Wynn Boston Harbor project under construction.
It only took an hour and a half Wednesday for Clark County to sell the bonds necessary to help finance the planned $1.8 billion Las Vegas stadium to 43 institutional investors.
Fighting efforts to open the Yucca Mountain nuclear waste repository and lobbying to continue funding the Brand USA international tourism marketing program will be the top federal legislative priorities of the Las Vegas Convention and Visitors Authority for the rest of 2018.
Poker Central will open a 10,000-square-foot studio and esports broadcast venue next month in a partnership with MGM Resorts International.
Wynn Resorts’ leaders are moving to change the perception of the company after numerous headlines of sexual misconduct and litigation.
The Las Vegas Convention and Visitors Authority’s board of directors on Tuesday will consider allowing top LVCVA executives to sign off on contracts of up to $1 million on “soft cost” contracts for the Las Vegas Convention Center expansion project.
A small Reno restaurant’s use of the name Feast gave Station Casinos Inc. heartburn.
Gaming regulators on Wednesday unanimously approved a special license for a Las Vegas tavern to set up a temporary casino for eight hours in order to preserve the property’s gaming license.