CBRE analyst John DeCree, in a report to investors, explains why he thinks Tilman Ferttita isn’t trying to make a play to take over Wynn Resorts Ltd.
Richard N. Velotta
Assistant Business Editor
Email: [email protected]
Phone: (702) 477-3893
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Richard N. “Rick” Velotta has covered business, the gaming industry, tourism, transportation and aviation in Las Vegas for 25 years. A former reporter and editor with the Las Vegas Sun, the Ogden (Utah) Standard-Examiner, the Arizona Daily Sun in Flagstaff and the Aurora (Colo.) Sun, Velotta is a graduate of Northern Arizona University where he won the school’s top journalism honor. He became the Review-Journal's assistant business editor in September 2018.
Developers of the LVXP project are now scheduled to appear before the Clark County Commission in a Dec. 4 hearing.
The cousin to Station Casinos owners Frank and Lorenzo Fertitta now has a 9.9 percent stake in the company.
The resort project, with an NBA-ready arena, would rise 752 feet if approved by FAA and Clark County.
After a year of operation, Sphere executives are figuring out how to strengthen revenue potential and that will include presentations like “V-U2 An Immersive Concert Film.”
Although a judge of the U.S. District Court ruled against the company, CEO Matt Wilson sees plenty of opportunity as a result of international casino growth.
The Las Vegas Convention and Visitors Authority has discussed decommissioning the Monorail, but the board decided to extend a liability insurance policy for another year.
The attorney for a former Gaming Control Board department head has filed a motion in U.S. District Court opposing dismissal of the discrimination lawsuit.
A Las Vegas attorney has filed two class-action lawsuits against ticket resellers Vegas.com and SeatGeek alleging violations of Nevada’s ticket resale laws.
The LVXP resort, which would be slightly taller than Fontainebleau, will be discussed at the Winchester Town Advisory Board meeting.
With President-elect Trump talking deregulation and SpaceX owner Elon Musk a part of Trump’s team, Spaceport developer Rob Lauer is considering a public offering.
Two recent player disputes involving more than $900,000 adjudicated by the Nevada Gaming Control Board bring the total to $1.3 million lost by players in 2024.
The Gaming Control Board recommended the first license of what is expected to be several as the transition of The Mirage to Hard Rock Las Vegas continues to a 2027 reopening.
Financial returns from the Las Vegas Strip for the third quarter should be watched with some caution, according to Wall Street analysts.
The resort was ordered to pay a $250,000 fine after denying access to a Nevada Gaming Control Board agent conducting an investigation.