Because 2022’s calendar produced fewer weekend dates in May than other months, New York-based gaming analyst Carlo Santarelli is projecting lower revenue from the Strip.
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.
Fantasy sports company DraftKings led the pack in Arizona sports wagering in record March revenue production and betting payouts, taking advantage of NCAA betting.
Daron Dorsey, the new executive director of the Association of Gaming Equipment Manufacturers, describes the organization’s role as equipment suppliers move forward.
A FinanceBuzz analysis found that Reid International Airport in Las Vegas had the third-lowest fares among 45 of the nation’s busiest airports — but that’s down from No. 1.
The North Las Vegas City Council has approved Station Casinos’ plan to keep Texas Station and Fiesta Rancho closed for at least another year, through June 2023.
While lockdowns end in Shanghai, Macao’s May gaming revenue continued its slide in 2022 with revenue at 41 casinos declining by 68 percent from last year.
There was no corresponding bump in gaming and tourism stock share prices even though many companies reported record performances in the first-quarter.
Allied Esports Entertainment noted a bright spot. The company has seen gains in revenue, thanks to the end of COVID-19 health and safety restrictions at its HyperX Esports Arena Las Vegas.
Some are wondering whether the MSG Sphere at The Venetian could be home to a National Basketball Association team. Rest assured, this venue is mostly for entertainment.
Hundreds rallied outside Resorts World Las Vegas Friday to call attention to alleged unfair labor practices.
Some executives from The Cosmopolitan of Las Vegas have left for new jobs, just over a week after MGM Resorts International took over operations of The Cosmopolitan.
While visitation inches closer to prepandemic levels, resorts capitalized on big special events in April and had the highest room rates in the city’s history.
For the Strip, Clark County and the state, April gaming win was the highest ever for that month, thanks to a robust calendar of special events in the city.
After collective bargaining talks that began in December, more than 2,000 employees now have Culinary contracts at the Strip resort.
The former chairman and CEO of Wynn Resorts Ltd. said he is happy with the undisclosed settlement amount and a retraction from Los Angeles attorney Lisa Bloom.
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