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Nevada Casino Winnings up 2 Percent in December

Nevada Casino Winnings up 2 Percent in December

 

Nevada casinos have won nearly $856 million in December, marking a 2 percent increase compared with the same month a year ago.

   The Nevada Gaming Control Board says Thursday that the Las Vegas Strip's $518 million in winnings were up 3.6 percent. Revenue was $30.9 million in downtown Las Vegas, which is 10.7 percent down. Reno casinos brought in $41.7 million in December for a 10.2 percent increase in revenue, while South Lake Tahoe gained 6 percent.

   State officials say they collected $31.7 million in taxes based on December revenues. That's a nearly 6 percent increase in collections compared with the year earlier. Nevada casino revenue in the last six months of 2011 was up 1.2 percent compared with the same period in 2010.

(Copyright 2012 Associated Press)

Report: Casinos Generated $125 Billion in Spending in 2010

Report: Casinos Generated $125 Billion in Spending in 2010

 

A new report released by The American Gaming Association shows the economic activity supported by the casino industry is about 1 percent of the total U.S. gross domestic product.

The trade group's study released Monday counts direct casino industry spending, but also tallies the indirect spending that comes from industries supported by casinos and activities induced by casinos.

The report shows 566 casinos in 22 states supported about $125 billion in spending and nearly 820,000 jobs in the U.S. in 2010. Direct consumer casino spending accounts for almost $50 billion of that sum, while indirect spending generates $76 billion.

Report researcher Coleman Bazelon says the data show casinos create a ripple effect throughout the nation's economy. The study was prepared by the economics consulting firm The Brattle Group.

(Copyright 2012 Associated Press)

Caesars Offers Preview of New Octavius Tower

Caesars Offers Preview of New Octavius Tower

The newest tower at Caesars Palace is set to open January 2. Executives gave a sneak preview of Octavius Tower Thursday.

The new resort is being described as “hotel within a hotel.” Guests will have access to the gaming, dining and other amenities at Caesars Palace but many of the amenities of Octavius Tower will be separate from the main resort. There will be a separate entrance and registration desk. The 23-story boutique hotel has 602 rooms, 20 penthouses and three villas.

The tower also features some of the newest technology including an app that allows guests access to room service, concierge, housekeeping or other guest services from their smart phone.

“If you have movies on your iPad, you plug it right in. You do not have to switch the input on your TV. Your movies will be displayed right away. It is pretty cool and exciting,” Director of Hotel Operations at Caesars Palace Stephen Thayer said.

Nevada Court Upholds Harrah's Ban of Gambler

 

A Las Vegas gambler who was banned from Harrah's casinos because of alleged card counting lost an appeal Tuesday to the Nevada Supreme Court.

A three-judge panel said Steven Silverstein failed to state a claim for which relief can be granted.

Silverstein filed his lawsuit in Clark County District Court after he was escorted in September 2009 from the Paris Las Vegas by security guards and told he would be arrested at if he tried to enter any of Harrah's western region properties.

In a letter to Harrah's Chief Executive Gary Loveman, Silverstein claimed casino officials had mistaken him for someone else.

His lawsuit sought an injunction preventing Harrah's from banning him from its 16 western region properties. 

(Copyright 2011 Associated Press)

Refurbished Rooms On Tap at Flamingo

Refurbished Rooms On Tap at Flamingo

 

One of the Strip’s ‘old guard’ hotels will overhaul thousands of its guest rooms.

Flamingo Las Vegas has announced plans to refurbish 2,307 hotel rooms, with availability in them beginning January 2, 2012. Rooms start at $85 per night.

According to property officials, modern décor will encounter elements of simple luxury with splashes of signature Flamingo pink and warm, wood-toned furnishings and flooring designed to create a residential feel. Contemporary chaise lounges, patterned rugs and vintage Vegas framed artwork will create a stylish appeal while upgraded beds with ultra-soft pillow-top mattresses, plush linens and faux fur throws offer ultimate comfort. The rooms will also come equipped with 32-inch flat screen plasma televisions.