Penn National Gaming exceeded its own first-quarter expectations and remained on course to close on its merger with Las Vegas-based Pinnacle Entertainment that ultimately will save the company $100 million a year.
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.
Resort executives must continually research return on investment for non-gaming amenities, which have become more important to their operations over time, Bob Boughner, former president and CEO of Atlantic City’s Borgata and a partner with Global Market Advisors, said Tuesday.
Las Vegas Sands Corp. rode prosperity in Macau to a record-setting first quarter. The company that owns the Las Vegas Strip’s Venetian and Palazzo resorts set numerous benchmarks for the quarter that ended March 31, including highest mass table gaming drop by revenue, highest retail mall sales and highest cash flow margin since the third quarter of 2006.
Construction crews working on the $1.8 billion Las Vegas stadium project have exceeded minority hiring goals since the project began in November.
Just because Steve Wynn has stepped down from his leadership positions at Wynn Resorts Ltd., has sold all the shares he owned in the company and settled legal differences with his ex-wife, Elaine, don’t think for a minute that gaming regulators are through with him.
Just because Steve Wynn has stepped down from his leadership positions at Wynn Resorts Ltd., has sold all the shares he owned in the company andsettled legal differences with his ex-wife, Elaine, don’t think for a minute that gaming regulators are through with him.
Gaming industry researchers will complete their first comprehensive report this summer on a problem gambling awareness program launched by MGM Resorts International last year.
A detailed look at the construction process for the Las Vegas stadium is expected to be presented Monday to the committee appointed to oversee the Oakland Raiders’ community benefits plan.
The Nevada Gaming Commission on Thursday unanimously approved an amendment to state regulations that lists permitting persons impaired by drugs to gamble to be subject to disciplinary action.
Station Casinos has caught playoff hockey fever and will offer free bets on the Vegas Golden Knights to win the Stanley Cup. Payouts could amount to up to $1 million if the team wins it all.
Former White House press secretary Dee Dee Myers and two other women with CEO experience have been named as new independent board members for the expanded Wynn Resorts board of directors.
Frank Haas’s presentation on tourism security and safety was part of the two-day Las Vegas 25th anniversary International Tourism Security Conference, which ends Wednesday.
Elaine Wynn is proposing an immediate restructuring of the Wynn Resorts Ltd. board of directors to restore its reputation.
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.
Elaine Wynn and Steve Wynn agreed Monday to settle remaining court claims that Steve Wynn breached their shareholder agreement.
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