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Thousands of Visitors Celebrating Mexican Independence in Las Vegas

Thousands of Visitors Celebrating Mexican Independence in Las Vegas

Thousands of visitors from Mexico started coming to Las Vegas to celebrate Mexican Independence Day holidays. They were met at McCarran International Airport by a mariachi band and showgirls.

According to officials at McCarran, between Wednesday and Friday, 22 additional flights from Mexico will be arriving at the airport. A total of 42 chartered or scheduled commercial flights will be making direct flights, including flights from six cities that normally do not have direct air service to Las Vegas.

The airport says the flights will bring in more than 6,000 visitors, which is up more than 5 percent over last year's Mexican Independence Day holiday. According to the Las Vegas Convention and Visitors Authority, international travelers stay longer and spend an average of $1,146 per trip on non-gaming purchases.

MGM Unveils Plans for Western Mass. Casino

MGM Unveils Plans for Western Mass. Casino

 

SPRINGFIELD, Mass. (AP) -- Casino giant MGM Resorts International is unveiling its plans for an $800 million casino in downtown Springfield.

The company announced in an elaborate news conference at the MassMutual Convention Center on Wednesday that the entertainment complex would be built on 10 acres of land heavily damaged by a tornado in June 2011.

The proposal includes a 250-room hotel, 89,000 square feet of gambling space and 70,000 square feet of retail and restaurant space. Company officials said it would provide 2,000 construction jobs as well as thousands of permanent jobs and millions of dollars in tax revenue for the city.

MGM has already submitted a $400,000K non-refundable application fee to the Massachusetts Gaming Commission. MGM Chairman Jim Murren said the presentation is "a significant demonstration of our desire to partner with Springfield."

$40 Million Remodel Planned for Bellagio

$40 Million Remodel Planned for Bellagio

 

LAS VEGAS (AP) -- The Bellagio on the Las Vegas Strip is about to undergo a major new remodeling project.

Casino giant MGM Resorts International plans a $40 million project to remodel more than 900 rooms and suites in the Bellagio's Spa Tower. The work follows a $70 million job to redesign more than 2,500 rooms in the Bellagio main tower last year.

The latest work is expected to be done by December.

 

More Visitors but Casinos Win Less Money

More Visitors but Casinos Win Less Money

 

The number of people visiting the Las Vegas valley in June is up compared to the same time last year, but the amount of money casinos won from gamblers was down.

The Las Vegas Convention and Visitors Authority says about 3.4 million visitors came to Las Vegas in June. That is up 2.1 percent over the same month last year. There were more hotel rooms available for those visitors. However, occupancy rates citywide remained at about 88 percent.

The Nevada Gaming Control Board says the money Clark County casinos won from gamblers was down in June by almost 8 percent. Strip casinos saw a nearly 5 percent drop over the same time last year. The Boulder Strip saw a 23 percent drop.

Casinos in Northern Nevada had a much better month. Casinos in Reno and South Lake Tahoe saw increases in what they won from gamblers.

Wynn Resorts 2Q Net Income Rises, but Revenue Down

Wynn Resorts 2Q Net Income Rises, but Revenue Down

 

NEW YORK (AP) -- Wynn Resorts says its second-quarter earnings rose from the same quarter last year, which was weighed down by a hefty charge. But revenue fell on lower gambling revenue at its operations in Las Vegas and the Asian gambling center of Macau.

The Las Vegas-based company earned $138.1 million, or $1.37 per share, compared with $122 million, or 97 cents per share, a year earlier. Revenue fell to $1.25 billion from $1.37 billion a year ago.

The results fell well below Wall Street's forecast. Analysts polled by FactSet expected $1.51 per share on revenue of $1.34 billion.

Wynn Resorts Ltd. said Tuesday its revenue fell 7 percent in Macau and nearly 12 percent in Las Vegas, showing that more people are shying away from spending extra money in a still-shaky economy.

Plans Lacking for Harmon Tower Future

Plans Lacking for Harmon Tower Future

 

A judge began hearing arguments Monday on whether to repair Harmon Tower at CityCenter or to bring the building down.

The hearing focused on Perini Construction's proposed repair plans for the buildings. Lawyers for MGM Resorts questioned a representative from an engineering firm hired by Perini who inspected the tower.

Engineers with John A. Martin and Associates said they found both design and structural problems with the building. The firm’s president told the court he did not agree with reports by other inspectors that Harmon Tower is too structurally weak to stay standing.

According to MGM Resorts, a co-owner of the tower, the building needs to come down because it is not structurally sound. Perini Construction, the general contractor on the project, has insisted that the building can be repaired.

Las Vegas Visitation up 2.4 Percent in May

Las Vegas Visitation up 2.4 Percent in May

 

LAS VEGAS (AP) -- Las Vegas saw slightly more visitors this May compared with the same month last year, although gambling was down more than 10 percent in Clark County.

The Las Vegas Convention and Visitors Authority says about 3.5 million visitors came to Las Vegas in May. That's 2.4 percent up from the same month last year, when 3.4 million people visited.

There were more guest rooms available this May, and citywide occupancy rates went up slightly to 86.6 percent. Average hotel rates were up 3.7 percent to $112 a night.

Clark County gambling revenues of $766 million were down year-over-year, led by an 18 percent drop on the Las Vegas Strip and a 2 percent decline in revenue downtown. Southern Nevada tourism is up 2.4 percent so far this year.