Our network

Gaming News

Caesars Set to Open New Tower

Caesars Set to Open New Tower

Caesars Palace is about to start taking reservations for stays in the new Octavius Tower that's culminating a nearly $1 billion resort expansion.

Caesars Entertainment Corp. officials said Wednesday that visitors can book the 668 new rooms starting Thursday for stays beginning Jan. 2.

The tower is the sixth in the Caesars Palace complex. It also features 60 suites and six luxury villas.

Construction on the Octavius Tower began in 2008. Its opening marks the completion of an $860 million Caesars Palace expansion and renovation project.

Rooms feature 42-inch flat panel TVs and bedside iPod docking stations. The company is also announcing an iPhone application that gives guests direct access to room service and the front desk.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

July Jump in Casino Win

Nevada casinos won $860 million in July, a 3.7 percent gain compared with the same month last year, as the state's biggest gambling markets showed small improvements from a year ago, state regulators reported Monday.

A report by the Nevada Gaming Control Board said July marked the third month of consecutive increases for the industry that saw deep, double-digit declines in the aftermath of the Great Recession. 

The $48.1 million collected in taxes was a drop of 3.6 percent. Casino taxes account for about one-third of state general fund revenues. Casinos pay taxes in August on winnings from July. The "win" amount and taxes paid often don't coincide because casinos don't pay taxes on wagers that were made on credit until the debt is actually paid. 

Revamped "Name That Tune" Comes to Imperial Palace

Revamped "Name That Tune" Comes to Imperial Palace

 

Music enthusiasts soon will have a new option on the Strip.

“Name That Tune” makes its live debut at Imperial Palace beginning Thursday, August 18. An up-to-date, fast-paced version of the iconic daytime game show, Name That Tune Live! will give 100 participants per show the chance to win thousands of dollars in cash and prizes. With a live DJ, a musical catalog ranging from country to rock n’ roll to Broadway show tunes to Lady Gaga and a set by Emmy Award-winning designer Andy Walmsley, (“American Idol,” “So You Think You Can Dance,” and “The Sing Off,” among others), Name That Tune Live! will be an interactive experience.

Chris Phillips and Marley Taylor of Zowie Bowie will guide the contestants along a musical escapade, including many of the famous games and several new twists to the old format.

Big Plans Approved for the Strip

Big Plans Approved for the Strip

 

Developers of a $500 million entertainment district that would feature the world's tallest Ferris wheel are getting the green light to break ground on the Las Vegas Strip.

   Clark County commissioners on Wednesday approved the land use and design for Caesars Entertainment's "Project Linq." Plans call for restaurants, dining and entertainment that runs between the Imperial Palace and Flamingo casinos.

   Developers are calling the proposed 550-foot Ferris wheel an "observation wheel." They say it will feature 32 enclosed cabins that can hold up to 30 people each.

   Caesars officials say construction for the 326,000-square-foot project will take 18 months and create 3,000 construction jobs.

   Project Linq should be complete in 2013 and is expected to create 1,500 permanent jobs.

   (Copyright 2011 by The Associated Press.  All Rights Reserved.)

Las Vegas Sands Reports $367 Million in Net Income

Las Vegas Sands Reports $367 Million in Net Income

 

Casino-resort developer Las Vegas Sands Corp. is reporting $367.6 million in net income for the second quarter, reversing a loss of $4.7 million a year earlier.

The company led by billionaire Sheldon Adelson reported Tuesday that it had $2.35 billion in revenue, compared with $1.59 billion in 2010's second quarter.

Most of that revenue came in Macau, where Sands took in $1.21 billion. The company's revenue in Singapore was $737.6 million. And in Las Vegas, where the company is based, revenue rose 18.2 percent to $332.5 million.

Sands says its adjusted earnings are $438.6 million, or 54 cents per share. That beat analysts' average forecast for adjusted profit of 43 cents per share. Analysts expected revenue of $2.2 billion.

   (Copyright 2011 by The Associated Press.  All Rights Reserved.)

Giant Slot Machine Gives Assist in Marriage Proposal

 

A San Diego man used the giant ‘Colossus’ slot machine at Bally’s to execute a creative marriage proposal this weekend.

Jim Canfield and his bride-to-be, Paige, traveled from California to celebrate her birthday, but Canfield had other plans in store.  The slot machine inside Bally’s was pre-arranged to land on the words “Will You Marry Me” when Paige pulled the handle.

Canfield got down on one knee with a ring in hand and Paige accepted the proposal. He said Bally’s  will always hold a special place in his heart.

“Vegas was the perfect location for the proposal,” Canfield said. “I feel like I hit the jackpot when I met her so I wanted her to feel like she hit the jackpot today.”

Stronger Gaming Numbers Help Wynn Resorts Second Quarter

Stronger Gaming Numbers Help Wynn Resorts Second Quarter

 

 Wynn Resorts Ltd. says stronger gambling business in both Las Vegas and Asia helped more than double its second-quarter net income.

   The casino operator said after the market closed Monday that it earned $122 million, or 97 cents per share, for the quarter. That's up from $52.4 million, or 42 cents per share, in the same quarter last year.

   Wynn's revenue rose from $1.03 billion to $1.37 billion.

   After adjusting for a charitable contribution and other one-time items, the company earned $1.60 per share versus 52 cents per share last year.

   That's much higher than analysts' average forecast for adjusted earnings of $1.02 per share on revenue of $1.26 billion.

   Shares of the Las Vegas-based company rose nearly 3 percent to $167 after hours on the news.

  

   (Copyright 2011 by The Associated Press.  All Rights Reserved.)