Last week, Gambling911.com reported on how Forbes Magazine listed India born PartyGaming co-founder, Anurag Dikshit among the biggest billionaire blowups in 2008 (they valued his net worth at a mere $1.1 billion). And now for some more sad news, America's biggest billionaire loser is none other than casino mogul Sheldon Adelson.
Submitted by Jagajeet Chiba on Mon, 01/05/2009 - 11:06
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Strip casinos have been struggling lately to keep up their gaming revenues. Fewer people are visiting Las Vegas and that means even less are gambling. But could the cure for the downturn be reaching out to would-be gamblers in their own homes?
Submitted by Guest on Sat, 01/03/2009 - 22:10
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All right. Ok. Now we get it. Poker player/swimmer Michael Phelps probably wasn't a stud growing up. As in, if it wasn't for that swimming hobby of his, he might not of been the coolest guy. No shame in that, but it is what it is.
Submitted by Guest on Sat, 01/03/2009 - 21:56
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Next weekend will be one of the largest convention periods for struggling Sin City. Round trip East Coast flights to and from Las Vegas ranged between $800 and well over $1000. But while the airlines hope to make out thanks to a captive audience and a limited number of flights, accommodations in Vegas are vast and competitive.
Submitted by Jagajeet Chiba on Fri, 01/02/2009 - 21:25
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The question asked by Deirdre Van Dyk of Time Magazine: What happened to recession-proof Vegas? And the short answer: The city put most of its bets on the tourism industry. And what a gamble that turned out to be
Submitted by Jagajeet Chiba on Tue, 12/30/2008 - 17:15
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Las Vegas police have released stills of a man caught on video who is believed to have taken part in a robbery at the Sahara Casino two weeks ago.
Submitted by Jagajeet Chiba on Mon, 12/29/2008 - 12:08
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LAS VEGAS (AP) - Wynn Resorts Ltd. CEO Steve Wynn says his swanky $2.3 billion Encore casino - which opened Monday in an economy that's battering casino, travel and other consumer companies - is about perfecting the basics.
Submitted by Guest on Tue, 12/23/2008 - 12:04
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The top story in 2008 according to CasinoCity.com, the thinking that the casino industry is "recession proof" is no longer true and, unfortunately, that has been the biggest news of 2008
Submitted by Jagajeet Chiba on Tue, 12/23/2008 - 11:56
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When the famed Monte Carlo Hotel in Las Vegas caught fire last January, it was deja vu for Sin City who experienced one of the worst hotel fires in history during the 1980's with the MGM Hotel tragedy.
Submitted by Jagajeet Chiba on Tue, 12/23/2008 - 10:20
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Las Vegas police were investigating an armed robbery at the Sahara Hotel that took place just before 6 pm Friday evening.
Submitted by Jagajeet Chiba on Sun, 12/21/2008 - 00:09
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"For the first time ever, the casino gaming industry is discovering they're subject to the same immutable laws as the rest of the hotel business. In what was widely proclaimed to be a recession-proof industry, casino gaming executives are suffering through a wake-up call of billion dollar proportions."
Submitted by Jagajeet Chiba on Thu, 12/18/2008 - 18:53
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3.6 inches of snow. May not seem like a whole lot to those diehards living in Buffalo or Cleveland where this amount is considered a mere dusting. But in Las Vegas 3.6 inches of snow has proven devastating.
Submitted by Jagajeet Chiba on Thu, 12/18/2008 - 10:19
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Things are noticeably quieter on the Las Vegas Strip these days and casinos usually known to boast excess are dropping prices to cope with a bad economy that has hit Sin City particularly hard.
Submitted by Guest on Thu, 12/11/2008 - 10:16
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"Baseball Executives Face the Odds" - that's the headline on the front page of the Tuesday edition of the New York Times.
Submitted by C Costigan on Tue, 12/09/2008 - 12:16
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Submitted by Guest on Tue, 11/25/2008 - 10:35
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Executives at top casino companies said Wednesday that the gambling business won't be the same for years to come, with operators and manufacturers shifting to focus on properties that already exist, not ones that they want to build.
Submitted by Guest on Wed, 11/19/2008 - 23:14
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The Global Gaming Expo kicked off its eighth annual convention Tuesday morning at the Las Vegas Convention Center. G2E is expected to bring in an estimated 30,000 gaming professionals from around the world, despite the harsh economic times the industry is facing.
Submitted by Guest on Tue, 11/18/2008 - 22:36
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You can hear the collective sobs from organizers and attendees of the 2008 Global Gaming Expo as news broke this weekend that everyone's favorite plumber (or make that, most annoying) will not be in attendance at this week's Global Gaming Expo in Las Vegas
Submitted by Jagajeet Chiba on Mon, 11/17/2008 - 10:50
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It's the gaming industry's hottest tradeshow where the latest advances in slot machines and other gambling-related products go on display at the Las Vegas Convention Center. But the economy is taking its toll even on the once thought of recession-proof gambling industry.
Submitted by Jagajeet Chiba on Mon, 11/17/2008 - 10:29
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The legalization of Internet gaming "will be the hottest federal issue facing Nevada's gaming industry in the next few years", Frank Fahrenkopf, president of the American Gaming Association told the Reno Gazette as this year's Global Gaming Expo kicks off in Las Vegas.
Submitted by Jagajeet Chiba on Mon, 11/17/2008 - 10:07
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Nov. 6 (Bloomberg) -- Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, plunged in New York trading after saying it may default on debt and face bankruptcy.
Submitted by Guest on Thu, 11/06/2008 - 16:53
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Back before he was mayor of Las Vegas, when he was the city's leading mob attorney, Oscar Goodman insisted he didn't represent snitches.
Submitted by Guest on Thu, 10/30/2008 - 09:53
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With just days to go until the US presidential election, financial gloom hangs like a pall over visitors to Las Vegas. Wayland Ferguson, a New Mexico resident in town for a conference, said he had no interest in gambling or splashing out during his trip.
Submitted by Guest on Mon, 10/27/2008 - 19:58
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Gaming has bet the house on the presidential campaign of Republican John McCain.
Submitted by Guest on Sun, 10/26/2008 - 16:38
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For the second year in a row, Wynn Las Vegas has been awarded Five Red Pavilions from the 2009 Las Vegas Michelin Guide.
Submitted by Guest on Wed, 10/22/2008 - 17:57
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