Casino technology provider Everi Holdings returned to profitability for the first time in three years in 2018’s first quarter, beating analysts expectations, the company reported Monday.
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.
Years of legal wrangling finally yielded the nation’s first online poker industry when Nevada introduced it in April 2013. It took a long time for that launch because critics had, for years, pointed to federal laws banning gambling.
A Reno-based company that will enter Southern Nevada’s casino market later this year delivered a profitable first quarter that failed to meet analysts’ expectations.
A sexual harassment discussion filled the state Gaming Control Board’s hearing room for only an hour Thursday.
Much of the loss was attributed to costs and interest payments stemming from the Las Vegas-based company’s $630 million acquisition of NYX Gaming Group, developer of the OpenBet sports-betting platform.
For much of Wednesday night, there were cheers for the Henderson Raiders. Oakland Raiders President Marc Badain said his football team couldn’t be happier with the neighborhood the team will move to in 2020, when the Raiders relocate from the Bay Area to the desert.
With the company’s bankruptcy in the rear-view mirror, Caesars Entertainment Corp. executives on Wednesday said the company would continue to expand domestically and internationally and return shareholder value.
The legacy of the Moulin Rouge as a historic gaming property is destined to live on for at least another day.
A former member of the Nevada Athletic Commission has been appointed to the Nevada Gaming Commission.
With the local economy churning, it makes sense that a locals-focused casino company could take advantage.
Online pokers players may have hit the equivalent of a royal flush Tuesday.
The state Gaming Control Board will conduct a public regulation workshop meeting Thursday afternoon to consider a 2½-page amendment to the rules that spell out operations in gaming establishments and possible disciplinary actions.
Palms employees are on the verge of being unionized. The Culinary Union has been authorized to represent about 900 workers at the off-Strip property following a two-day union representation election completed Saturday.
Nevada casinos made it three for three in 2018, collecting more than $1 billion in gaming win for the third straight month in March, the state Gaming Control Board reported Monday.
Four times a year, publicly traded gaming companies open a tiny window into their financial world.