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Las Vegas Hotel struggles during the post-Hilton era

02.17.2012     11:50 AM     Printer Friendly
SportsMemo.com blog entry.
Article from the Las Vegas Sun on the former Hilton Hotel and Casino – now named the LVH (Las Vegas Hotel and Casino). Things aren’t looking too good these days both literally and figuratively.  The name change has also caused issues with its searchability on Google.


"The termination of the Hilton License Agreement, coupled with the fact that the property did not have the financial resources to purchase replacement exterior signage or to initiate a new brand advertising campaign to attract leisure travelers, has had a dramatic negative impact on hotel occupancy,'' his report said. ''Dramatically lower occupancy levels have, in turn, had a negative impact on other revenue departments (i.e. gaming, food and beverage and retail).''

Johnson also reported that the 2,950-room hotel-casino on Paradise Road needs $700,000 for exterior signage to replace the Hilton signs, Read more



Tags: Las Vegas




Las Vegas' Heart Attack Grill lives up to its name

02.15.2012     02:33 PM     Printer Friendly
UPDATE

Back in November, we blogged about the opening of Las Vegas' Heart Attack Grill, which in a nut shell is a place people go to shorten their lives by a few days. Shocking that it took this long, but on Saturday, The HAG actually had a patron suffer a heart attack. Because the gentlemen reportedly survived the incident, feel free to let out a chuckle. But seriously, if you are going to eat there, make it a once a year event, and be sure to jog home afterwards. Actually, that may be a bad idea. Drive home, rest, let your blood pressure return to normal, and THEN go on a jog.





Las Vegas bettors now have a new out when it comes to dining

10.11.2011     03:00 PM     Read more


Tags: Las Vegas




Las Vegas Strip casinos see boost in profits for 2011

02.10.2012     07:04 AM     Printer Friendly
Las Vegas Strip casinos saw a boost of 5.1% in revenue for 2011. Overall, they banked $6.07 billion; up from $5.78 billion in 2010.



Tags: Las Vegas




Las Vegas' South Point Casino does reality TV show on Travel Channel

02.08.2012     01:10 PM     Printer Friendly
SportsMemo.com blog entry.
The Travel Channel will premier its new reality show, Vegas Stripped, tonight at 10 pm PT. The show will cover the inner-workings of Las Vegas' South Point Casino.


“It’s an inside look at what it takes to run a casino,” said Tom Mikovits, South Point director of marketing. “You’re going to see what happens in the butcher shop or on the loading dock, lots of stuff people don’t normally see.”

“We were comfortable being a locals’ casino, but having a brand like southpointpoker.com, that’s something we want to get out nationally,” he said. “It lets people know who we are and that we can play with the big players in Vegas, while still keeping that down home feeling.”





Tags: Las Vegas




Super Bowl XLVI Gambling Recap: Sportsbooks hit hard by early safety

02.06.2012     07:06 AM     Printer Friendly
Las Vegas' MGM sportsbook started Super Bowl XLVI down $250K after Tom Brady's safety resulted in the first points on the game.


“Add that up and we started off a quarter-million in the hole,” said Jay Rood, sports book director of MGM Resorts International. “That wasn’t any good.”





Tags: NFL Las Vegas Super Bowl XLVI




Super Bowl XLVI Gambling: Public supports the Giants, big bets made on the Patriots

02.03.2012     07:48 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas gears up for Super Bowl XLVI weekend. According to LVH oddsmaker Jay Kornegay, 62% of the tickets have come in on the New York Giants but the bigger bets have been on the New England Patriots. 


“This creates so much traffic. It’s the biggest and most important week for Las Vegas in my eyes,” he said. “It’s about more than just the game anymore; it’s coming here to experience the whole weekend. From the Hoover Dam to the Strip, everybody benefits.”

“About 62 percent of our tickets are on the Giants so far. But the bigger plays have been on the Patriots,” Kornegay said. “This is the one event that the public, small money outweighs the sharp, big money.”






Tags: NFL New England Patriots New York Giants Super Bowl XLVI Las Vegas




NFL Handicapping: 77-year-old Vegas man wins Station Casinos' Football Contest

02.02.2012     06:00 AM     Printer Friendly
SportsMemo.com blog entry.
Article on Las Vegas resident Ernie Carey, who at 77 years old won this year's Station Casinos' NFL Contest. Carey finished 180-65, 73% straight up to claim the title. The grand prize was apparently a $225K house.


“In the first week, I had every team but the (New England) Patriots, who lost to the (Buffalo) Bills after being ahead at halftime,” Carey said. “That’s kind of the way the year went.”

“When we get that money, it will replenish my gambling fund,” Carey said. “My wife said she wants to buy new furniture, but I want to have a little extra to gamble.”

“I bet on the Patriots to win the Super Bowl at the beginning of the playoffs and I got 5-2 (odds). So if they win, I’ll get $183. Then, I put $90 on the Giants and am getting three points,” he said. “So, if they keep in close, I’ll win both sides.





Tags: NFL Las Vegas




Super Bowl XLVI Gambling: Sportsbook says 65% of action on New York Giants

02.01.2012     12:26 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas' MGM sportsbooks are reporting that upwards of 65% of the money wagered on Super Bowl XLVI thus far has been on the underdog New York Giants. Perhaps not in play here, but consensus underdogs of above 60% have long been a betting fade no matter what the sport.


"At this point we are still getting some dog money, they are betting the Giants, and I think that will be the trend going into the weekend," Jay Rood, vice president of the race and sports book at MGM, told Reuters in a telephone interview.

"I am fairly certain that it's happening throughout the whole state (of Nevada) as well so I'm pretty sure the state is going to need a Patriots victory."






Tags: NFL Super Bowl XLVI New York Giants Las Vegas




British sportbook makes deal with Las Vegas gambling software firm

02.01.2012     11:14 AM     Printer Friendly
SportsMemo.com blog entry.
British sportsbook Ladbrokes joined the wave of foreign corporations eager to take advantage of the proposed legalization of online gambling in the United States. Ladbrokes spent $3 million for a 65% stake in Las Vegas-based gambling software designer Stadium Technology. Ladbrokes rival, William Hill, has spend upwards of $50 million in various US gambling related ventures.



Tags: Las Vegas




Las Vegas oddsmakers offer opinions on Super Bowl XLVI

01.31.2012     06:52 AM     Printer Friendly
SportsMemo.com blog entry.
Gaming Today got the opinions of some Las Vegas oddsmakers and local media members on Super Bowl XLVI. Nine of the 11 picked New England to win. LVH's Jay Kornegay was on board with the Giants and MGM's Jay Rood hinted that the game will go under.


Jay Rood, MGM Resorts – Patriots 24-23: I see a low scoring game with Brady executing a last minute drive to seal the game and his hall of fame credentials.

Mike Colbert, Cantor Gaming – Patriots 27-20: Brady and Belichick will be too much for the Giants in a double-revenge game.

Jay Kornegay, LVH Super Book – Giants 27-24: I think the Giants defensive momentum carries over into this game and frustrates Brady.

Bert Osborne, South Point – Patriots 31-20: I’ve seen the Giants look bad a lot more times this season than I have with the Patriots.

Bob Scucci, Coast Resorts – Patriots 27-24: I think this will be a closely fought game with no team getting too far ahead, just like their last Super Bowl and week 9 this year.

Read more


Tags: NFL New England Patriots New York Giants Super Bowl XLVI Las Vegas



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