Video Tag: Business

The average slot player is aging out, said Blaine Graboyes, who presented on a panel Thursday called “Why Esports Matters to Casinos Now and in the Future.”
Data from the Nevada Gaming Control Board and the Las Vegas Convention and Visitors Authority shows average slot revenue per room per day has generally declined since 2008, while average food and beverage revenue per room per day has climbed.
Graboyes, CEO and co-founder of GameCo, said the average Strip property in Las Vegas has reduced their slot footprint by 450 units over the last decade.
“That’s created an increase in win per unit, but you’re essentially just talking about the same money on fewer machines, not new customers and incremental revenue,” he said. “The real key now for casinos…is bringing in new kinds of games that bring in net new casino gamers.” Read more at reviewjournal.com (Nicole Raz/Las Vegas Review-Journal)

Frank Abagnale gives a fraud lecture with the Nevada AARP. Morgan Lieberman/Las Vegas Review-Journal

A group of prostitutes soon could be co-owners of a legal brothel in Nye County.

70-year-old Dennis Hof is in talks to buy the 17-bed Chicken Ranch brothel in Pahrump.

To help raise capital, he’s offering his independent contractors a stake in the company.

“The goal is to have the first employee-owned brothel in the world.” Dennis Hof

Three prostitutes have already agreed to invest $500,000 in the Chicken Ranch.

Hof said he’s aiming to raise $2.25 million.

Nevada State College, NAIS and the City of henderson hosted several drone manufacturers for live demonstrations at the Henderson Unmanned Vehicle Range, or HUVR.

One of the tallest buildings in Las Vegas has been sold.

The partially built Fontainebleau hotel has been sold to real estate investment firms Witkoff and New Valley.

Billionaire Carl Icahn sold the property for $600 million after buying it for around $150 million during the recession.

Witkoff has not said what it plans to do with the property.

It also did not say what the new name might be.

John Knott, a former listing broker for Fontainebleau, said it would cost $900 million to $1.6 billion to complete.

The Fontainebleau was originally envisioned as a $2.8 billion, 3,815-room project.

Amenities were slated to include 24 restaurants and lounges, a spa and casino, and a 3,300-seat performance hall.

Construction began in 2007. The hotel was slated to open in 2009 but the project went bankrupt.