Caesars happy with High Roller observation wheel

Las Vegas Review Journal – Caesars Entertainment Corp. officials were happy to discuss the company’s second quarter results Monday, including improvements in the Las Vegas market credited to the opening of The Linq and its centerpiece High Roller observation wheel. But don’t ask about Caesars’ ongoing restructuring plans to address its gaming industry-high $24.2 billion in long term debt. At the outset of the question-and-answer session with analysts and investors, Caesars Chairman Gary Loveman said the company wouldn’t provide any additional disclosures related to its capital structure. The first question concerned funding one of the company’s new affiliate divisions. “Unfortunately,…

App deals you in on poker action at Las Vegas casinos

Las Vegas Sun – With the 2014 World Series of Poker returning this week to the Rio, Las Vegas will be flush with poker fever. For those looking to try their luck at the tables just like their favorite poker professionals, there is Bravo Poker. The app helps users track and find live poker tables and tournaments at casinos throughout Las Vegas. The app features a live stream from the casinos so users can get up-to-date information about tables, and it shows which games are being played. It also lists casino deals and promotions to help users get the most…

April continued record-setting visitation in Las Vegas

Las Vegas Review Journal – Las Vegas continued its record pace for visitor volume in April as the Las Vegas Convention and Visitors Authority on Wednesday reported 3.5 million came to Southern Nevada, a 3.5 percent increase over April 2013. The city is now 4.8 percent ahead of 2013’s record clip with 13.7 million visitors in the first four months of the year. Nearly every measure of visitor activity except convention and convention attendance was higher in April than the previous year. Citywide occupancy was up for hotels and motels, weekend and midweek and Strip and downtown. The average daily…

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…