Industry
December 31, 2020
Derek Stevens Expects Record 2021 Year for Las Vegas Casinos
Casino entrepreneur Derek Stevens believes 2021 will be one of the best years for Las Vegas. Stevens Sees 2021 as Pivotal Year for Las Vegas Casinos On Tuesday, famed Nevada-based casino owner Derek Stevens joined “Squawk on the Street” to discuss the future prospects of the Las Vegas casino industry. Mr. Stevens is the CEO […]
Industry
December 31, 2020
Mobile and Cashless Tech to Dictate Casino Recovery and Future in 2021
Technology will lead the way in gaming and casino industry’s recovery moving into 2021, with pandemic-related challenges still persistent. “Technology, Technology, Technology” to Lead the Way for Gaming Recovery Next year should be one dominated by mobile technologies, argues an article published in the Las Vegas Review-Journal that has focused on the importance of cashless […]
Casino
December 30, 2020
Fremont Street Experience Risks Becoming a Superspreader
A planned Fremont Street Experience in Las Vegas may hamper the progress Las Vegas and Nevada have made in containing the spreading of Covid-19. Freemont Street Experience to Gather $14,000 People With Las Vegas wrapping up 2020, a New Year’s event that will have at least 14,000 people attending may turn into a “superspreader.” Overrun […]
Casino
December 26, 2020
IGT’s Megabucks Slot Game Brings $15.5M on Christmas Eve
Christmas is normally the time when people gather with family and relatives, but during a year when things are everything but normal, some people decide to spend Christmas Eve in casinos. One man will remember this year’s one for a long time. Megabucks Jackpot Alert Thursday night, in a tweet on the casino’s profile, the […]
Industry
December 16, 2020
Wynn Las Vegas: Union Scheduling and Healthcare Request “Forces” Layoffs
Wynn Resorts said Monday that the Culinary Union’s request for 40-hour schedules and healthcare benefits “forces” the company to lay off employees. Layoffs Could Begin in Early 2021 On Monday, Wynn Resorts warned its Las Vegas employees of possible layoffs as early as January 11, following the Culinary and Bartenders Union’s request that full-time employees […]
Industry
December 16, 2020
Highly Travel-Dependent Nevada Economy Faces Gloomy Outlook
As the new year approaches, many people from the hospitality and entertainment industry continue to ask themselves what would take for the economy in Nevada to bounce back to normal and the answer to the dilemma seems to be out of any tourism slogan. Travel-Dependent Being highly dependent on airline and international travel, Nevada is […]
Casino
December 6, 2020
Virgin Hotels Las Vegas Pushes Opening Date Due to COVID-19
In light of the ongoing pandemic, JC Hospitality, owner of Virgin Hotels Las Vegas pushed the opening date of the resort to next year. The operator stressed that the health and safety of customers and employees remains a top priority. Virgin Hotels Las Vegas Opening Date Pushed to Next Year January JC Hospitality, owner of […]
Business
December 5, 2020
MGM Resorts Shakes Up Corporate Team, Appoints New COO
MGM Resorts International announced Friday major changes in its corporate leadership team while naming long-term executive Cory Sanders as COO. The End of MGM Resorts’ Corporate Reorganization US hospitality and entertainment group MGM Resorts International appointed chief financial officer Corey Sanders to chief operating officer on Friday. Until the company finds a replacement for the […]
Casino
December 1, 2020
Will Local Clients Help Las Vegas on Its Way to Recovery?
Impacted by the COVID-19 pandemic, the gambling capital of the world, Las Vegas is on its way to slow recovery. While the levels of air and land traffic are yet to increase, it may be the local gamblers in Las Vegas that can help the operators keep afloat. The Pandemic’s Impact on the Gambling Capital […]
Business
November 29, 2020
Clark County Utilizes Reserve Fund for Staduim Bond Payment
Officials in Clark County, Nevada, announced they had to tap the reserve fund related to the General Obligation Stadium Improvement Bonds for more than $11.5 million to make the outstanding bonds interest payment of $16 million. General Obligation Stadium Improvement Bonds Series 2018 To help lure the National Football League (NFL) franchise the Raiders from […]