Administration and Finance News

Questions remain over stopped-in-progress Nevada projects
7 Feb 2011

A number of major casino projects in Las Vegas, including the Fontainebleau, are sitting dormant after construction was halted due to costs.

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Las Vegas Sands cuts comps for middle-tier gamblers
7 Feb 2011

Las Vegas Sands has eliminated free hotel rooms and other complimentary offerings for middle-tier customers at The Venetian and Palazzo.

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Penn National begins M Resort promotion
3 Feb 2011

Penn National Gaming told investors it has begun marketing the newly-acquired M Resort to its customer database.

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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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Penn National starts work on New Orleans casino
27 Jan 2011

Penn National Gaming began preliminary work on a site the company has proposed for a new casino in New Orleans along the Harvey Canal.

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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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Analyst encouraged by positive start to 2011
5 Jan 2011

A Morgan Joseph gaming analyst said he was encouraged by what he heard from his casino industry contacts.

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Analysts say recovery is coming for Vegas
3 Jan 2011

Wall Street and industry observers believe Las Vegas tourism is slowly coming back and Nevada's gaming industry seems to be loosening the grips of a two-year-long recession.

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Penn National seen as front-runner for Louisiana license
20 Dec 2010

Analysts have pegged Penn National Gaming as the early favorite for Louisiana’s 15th and final riverboat casino license in Harvey.

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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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