Tag: las vegas
Sports Betting Should Not Prevent NHL in Las Vegas
4 Flush – There are reports that Las Vegas is number two on a list of potential NHL expansion cities behind Seattle. Las Vegas is the largest city in the U.S. that does not have any professional sports teams. There are two reasons for this. The population in Las Vegas could not support a sports team until the last 5-10 years. Sports leagues have also been reluctant to entertain the idea of a Las Vegas team due to legalized sports betting. The major sports leagues have shunned Las Vegas due to its legalized sports betting. The leagues are so against…
Las Vegas amenities are attracting visitors
Las Vegas Review Journal – Just as the recession began to grip Las Vegas in 2008, gaming executive Terry Lanni made a prediction. During an interview at his offices in the Bellagio, Lanni said a Las Vegas market recovery was not going to be like any other time tourism and gaming businesses experienced a downturn. After the terrorist attacks of Sept. 11, 2001, it took 18 to 24 months for tourists to get comfortable with domestic travel. The recession of the 1980s took a bite out of the tour and travel trade nationwide. An aggressive marketing campaign by the Las…
Casinos should focus on younger demographic
Mississippi Business Journal – Forbes says Tilman Fertitta is worth $2.4 billion. He became a wealthy businessman by making smart decisions, being opportunistic and having a business-is-business attitude. But even when the owner and CEO of Fertitta Entertainment walks into one of his three Golden Nugget casinos, one thing scares him — the changing landscape of the customers. “One of my scariest things that is young people do not play slot machines,” said Fertitta, who was the keynote speaker kicking off last week’s Southern Gaming Summit in Biloxi. “I go to all these places, it’s not young people playing slot…
First In-Casino Bitcoin ATM Launches in Las Vegas
Tourists visiting Las Vegas can now get their cryptocurrency in Las Vegas at a Bitcoin ATM located at The D Casino. The site has partnered with Robocoin, a fellow Las Vegas-based company, to place a bitcoin ATM inside its casino. The machine allows users to both buy and sell the currency. Derek Stevens, CEO of the D Las Vegas Casino Hotel, said in a statement: “We’re proud to be the first casino property to accept bitcoin and we’re excited to offer our customers the convenience of a bitcoin ATM.” The D Casino Hotel is located downtown on Fremont Street, distanced from the…
Cosmopolitan Casino in Las Vegas Purchased for $1.7 Billion
Deutsche Bank AG is cutting itself free of The Cosmopolitan Casino of Las Vegas, a resort and casino, saying it’s selling the swanky but unprofitable high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.73 billion. The German investment bank said in a statement Thursday that the cash deal remains subject to regulatory approvals. The bank had intended to sell the property from before it even opened in 2010 and had placed The Cosmopolitan in a separate bank division devoted to winding down or selling unwanted investments. The last major Las Vegas resort approved before the Great…
Russia’s Vitaly Lunkin Says He Has “Had Enough of Las Vegas”
Poker News – If it would not have been for his victory at the €10,000 Turbo Six-Max event during PokerStars European Poker Tour Grand Final in Monte Carlo, Russia’s Vitaly Lunkin’s last trip to Europe’s sunniest shores would have been a disaster. “I spent about €65,000 in buy-ins and I was in the money only three times,” Lunkin told PokerNews. “Had I not won the €10,000 turbo event, my tour would have ended with a loss.” During the month in which he spent time around Italy and France, things did not go too well for Lunkin. Russia’s third all-time biggest…