Finance & Accounting News

Las Vegas gaming industry expected to have slow recovery
3 Feb 2011

Fitch Ratings Services believes the American gaming industry has a stable outlook but the economic recovery in Las Vegas will lag Nevada casino markets.

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Iowa governor proposes gaming tax increase
31 Jan 2011

Iowa Gov. Terry Branstad has proposed a 36 percent tax hike on the state’s riverboat and racetrack casinos.

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Stanley Ho gives up ownership in Macau casinos
24 Jan 2011

Hong Kong billionaire Stanley Ho transferred nearly his entire ownership stake in his Macau casinos to family members.

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Macau: More success to come says analyst
24 Jan 2011

Analyst predicts continued growth, with no indication of when the market may peak.

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Illinois lawmakers kill gaming expansion
14 Jan 2011

Lawmakers rejected a bill that would have permitted five new casinos and allowed for slot machines at racetracks and area airports.

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Nevada gaming revenues drop six percent in November
12 Jan 2011

Analysts say the dip in revenues is due to declines in volume, revenue and hold percentage for baccarat.

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Cosmopolitan getting early raves on opening night
20 Dec 2010

The Cosmopolitan of Las Vegas received positive reviews from analysts, casino executives and politicians who checked out the Strip resort on opening night.

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Small touches make The Cosmopolitan unique
15 Dec 2010

The new Las Vegas Strip resort, which will debut Wednesday, includes gambling cabanas and a three-story chandelier.

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Ameristar Casinos cancels sales plans
14 Dec 2010

Ameristar Casinos said in a statement that "a sale is not in the best interests of the Company and its stockholders at this time."

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Cosmopolitan ready for debut in Las Vegas
13 Dec 2010

The hotel-casino opens Wednesday amid hopes it will lure new visitors, not take them from neighbors on the Strip.

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Downtown Vegas revenues see biggest gain in two years
10 Dec 2010

Downtown Las Vegas saw its gaming revenue in October jump 10.3 percent, its first double-digit increase since 2008.

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Nevada gaming industry should expect gains in 2012
8 Dec 2010

Consulting firm PricewaterhouseCoopers released a report that Nevada gaming will start seeing mid-single-digit gains between 2012 and 2014.

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Vegas New Year's room rates are flat
8 Dec 2010

Online booking service Travelocity recorded flat rates averaging $121 a night for the holiday period between Dec. 17 and Jan. 3 in Las Vegas.

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Harrah's changing name to Caesars Entertainment
9 Nov 2010

Harrah's Entertainment plans to raise $610.9 million in an initial public offering this month and will change its corporate name to Caesars Entertainment.

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Nevada regulators recommend Cosmopolitan for license approval
11 Oct 2010

The Gaming Control Board granted Cosmopolitan operators initial approval to open its 150,000-square-foot casino on the Las Vegas Strip.

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