Wynn Resorts seeks to oust Elaine Wynn from board of directors

2 March 2015By Howard StutzLAS VEGAS — Wynn Resorts, Limited plans to remove longtime director Elaine Wynn from the casino operator’s board of directors, primarily due to a 2012 lawsuit she filed against her ex-husband, company Chairman and CEO Steve Wynn.In a proxy filing with the U.S. Securities and Exchange Commission Friday, Wynn Resorts asserted it will reduce its Class I board members from three to two.“The board decided not … Read the rest

Photos: Hakkasan celebrates resident DJ Tiesto’s Grammy win

Aaron Garcia / The Hakkasan Group Hakkasan celebrates resident DJ Tiesto’s Grammy Award win Saturday, Feb. 28, 2015, at MGM Grand. By Don Chareunsy (contact) Monday, March 2, 2015 | 3:29 a.m. Tiesto Toasts Grammy Win at Hakkasan Launch slideshow » Saturday night was an award-winning night as Hakkasan at MGM Grand hosted a celebration for resident DJ Tiesto in honor of him winning his 1st Grammy Award in February … Read the rest

Veer Towers Celebrates $100 Million in Sales

<!– (S) –> LAS VEGAS, March 2, 2015 /PRNewswire/ — Veer Towers in Las Vegas is celebrating a major sales milestone.  Pordes Residential Sales and Marketing has sold more than 225 units worth more than $100 million.  The company took over sales in early 2013 and has seen steady success.<!– –>”This major milestone is proof in that the Las Vegas condo market is flourishing once again.  Veer Towers is a … Read the rest

$350 Million Might Not Be Enough to Save Las Vegas

<!– (S) –> LAS VEGAS—There’s been a lot of hubbub about the effort tech whiz Tony Hsieh and his crack team of acolytes have put in to revitalizing downtown Las Vegas. <!–INSERT IN_ARTICLE AD–>In case you missed it, Hsieh, the CEO of Zappos, in January 2012 formally announced in that he was putting $350 million in to the Downtown Project, which would fund new businesses in an economically depressed part … Read the rest

Inside Gaming: Blackstone executive ready to bet big on Cosmopolitan of Las Vegas

2 March 2015By Howard StutzLAS VEGAS — Blackstone Group executive Jonathan Gray never will be mistaken for Nick the Greek. The company’s head of global real estate considers himself just a gambling novice.Yet, the head of the New York-based private equity fund is wagering $1.73 billion it can make The Cosmopolitan of Las Vegas a shining jewel on the Strip.To hear Gray describe the 4-year-old Strip hotel-casino, Blackstone is well … Read the rest

Repeal of sports wagering handle tax reintroduced by Titus

2 March 2015By Howard StutzLAS VEGAS — Legislation in that would repeal a federal handle tax on Nevada sports books was reintroduced in Congress on Friday by Rep. Dina Titus, D-Nev., who asserted the levy places an undue burden on the state’s sports book industry.Titus introduced the measure last year, yet it was not acted upon. Titus wants the bill — which could return between $9 million and $11 million … Read the rest

Gaming revenue shifts trend, rises 7.75 percent in Nevada, 15.4 percent on Las Vegas Strip

HOME > NEWS > Investor News > Gaming revenue shifts trend, rises 7.75 % in Nevada, 15.4 % on Las Vegas Strip Gaming revenue shifts trend, rises 7.75 % in Nevada, 15.4 % on Las Vegas Strip 2 March 2015By Howard StutzLAS VEGAS — Nevada casinos turned the corner in January.Gaming revenue increased 7.75 % statewide while Strip casinos grew totals by 15.4 % during the 1st month of 2015, … Read the rest

AGS Names Kimo Akiona Chief Financial Officer

LAS VEGAS–(BUSINESS WIRE)–AGS® (the “Company”), a proven gaming machine supplier for Class II markets with an emerging presence in Class III markets and live table games, today formally announced the appointment of Kimo Akiona to the position of Chief Financial Officer and Treasurer. Mr. Akiona brings over 15 years of time of accounting and financial management experience and extensive gaming industry knowledge to his new role. He most recently served … Read the rest