Feb. 6 to 12 – Recent Las Vegas News

Monday February 13, 2012 by admin.

Here’s some of the news relevant to or about the Las Vegas area or Nevada that came out during the last week:

Feb. 06, 2012 Although it’s not just about Las Vegas, a new report released by The American Gaming Association (AGA) shows that the casino industry is responsible for about one percent of the total U.S. GDP. The report shows a total of 566 casinos in 22 states, representing about $125 billion in spending and supporting almost 820,000 jobs.

                     The new owners of the Mob Experience at the Tropicana announced today that they will change its name to the Mob Attraction when it formally reopens at an undisclosed date.

Feb. 07, 2012 It’s been reported that Station Casinos executives Frank Fertitta III and Lorenzo Fertitta plan to buy out investor JPMorgan Chase for $73 million.

                     La Cage abruptly closed at the Four Queens Hotel & Casino.

                     It was reported that Nevada’s $93.9 million handle on this years Super Bowl was the 2nd largest in state history, a record set in 2006 at $94.5 million.

Feb. 08, 2012 Caesars Entertainment that priced 1.81 million shares of its stock (just 1.4% of itself) at $9 a share, with a view to raising around $16.3 million began trading publicly today. In its trading debut, the stock went as high as $17.90.

                     Home prices started the year nearly as dismally as a year ago by falling 5.6% in January, the Greater Las Vegas Association of Realtors reported. The report showed a median single-family home price of $118,000, based on 2,931 units sold during the month.

Feb. 09, 2012 A report by the Nevada Gaming Control Board showed that Nevada casinos collected $10.7 billion in gaming revenues in 2011, an increase of 2.8% over 2010 (the 2nd straight annual jump) and that casinos on the Las Vegas Strip collected $6.068 billion in gaming revenues in 2011, an increase of 5.1% over 2010.

Feb. 10, 2012 The Golden Nugget, which operates casinos in Las Vegas, Laughlin, and Atlantic City, announced a partnership with online gaming company Chiligaming, with the aim of launching a free-play website within the next Quarter, "in anticipation of the legalization of online gaming in the United States".

Feb. 11, 2012 A housing report entitled “Resale Homes Report:Existing homes sold: Jan. 25-31” can be found at http://www.lvrj.com/real_estate/resale-homes-report-existing-homes-sold-jan-25-31-139146354.html.

Feb. 12, 2012 Long time sports book operator Chuck Esposito is the new director at Sunset Station.

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