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  • Debt-Free Tropicana Seeks New Life With $125 Million Upgrade

    Posted on January 26, 2010 by Jordan

    The Las Vegas Tropicana’s first upgrade in 25 years is almost complete as it will be the first major casino company to emerge from bankruptcy in the recession. Although the project is will not fully open until spring 2010, Tropicana Entertainment offers a sign of hope for local companies who are caught up in the worst downturn this industry has ever seen. Less than two years after its bankruptcy filing, Tropicana Entertainment’s debt has been wiped clean, and the company’s new owner, billionaire Carl Icahn, is injecting $150 million to pay creditors along with $125 million for improvements to the properties.

    Up until now, the Tropicana had remained unchanged since its last renovation in 1985. A $125 million facelift was announced last July shortly after the hotel-casino emerged from bankruptcy as a stand-alone company under the leadership of Alex Yemenidjian. The makeover included redesigning Tropicana’s casino floor, hotel rooms, convention space, restaurants, pool and adding a nightclub to bring the hotel-casino up to speed. The company also announced a new leadership team, including the Stratosphere’s former food and beverage vice president, Jim Laughlin, who took on Tropicana’s new dining ventures.

    Also as part of the upgrade, Tropicana added two new restaurants in an effort to further revamp the property. The Tropicana opened Italian restaurant Bacio Pasta and Vino, which is an intimate Italian bistro with large murals and mounted wine racks. Former Harrah’s, Rio and Las Vegas Hilton executive chef George Bargisen also will serve as executive chef at Bacio. Bargisen brings more than 20 years of resort experience to the new restaurant. The second new restaurant is Havana GO GO, which has replaced Tropicana’s Java Java coffee shop. Havana GO GO with serve quick eats like coffee, pastries, soups, paninis and pizzas. Tropicana wanted the new and revamped restaurants to be a glimpse of the South Beach feel the property is aiming for in its $125 million renovation and rebranding.

    The property also released an updated logo last month as the first step in the resort’s rebranding campaign. The Paradise Tower rooms have been redone and are first that will be opened this spring. The Island Tower walkway, which once held a string of kiosks selling novelty items, has been revamped with white marble and is vendor-free. The next phase of the project will include remodeled rooms in the Island and Garden Towers, a nightclub, a sports book and exterior renovations.

    This post was posted in Vegas News

  • VIP Promotions for ALL U.S. Players at Rushmore Casino

    Posted on January 25, 2010 by Jordan

    Looking for the thrill of Las Vegas from the comfort of your home, a recommended source for online action is Rushmore Casino. Consistently one of the most trusted names on the internet, Rushmore Casino has taken the necessary means to provide players with convenient deposit and withdrawal options. Great for players from all over the world especially US can enjoy a first-class gaming experience by downloading Rushmore's gaming software or through an online instant Flash version.  Not only do you get a massive $888 fist deposit bonus just for joining, you can also take advantage of other great offers for the specific games you love. Play at Rushmore Casino for real cash or for free and feel what it’s like to be treated like a VIP.

    For those who love playing the Slots, Rushmore has a Special Slot Bonus will give you 400% match bonus worth up to $2400. It’s a must that before you’re ready to spin away you take advantage of this amazing offer. Who doesn’t like extra free spins? All you have to do is use the Coupon Code: SLOTS400 when you make a deposit and you’re in on the free cash.

    There is also a great bonus for the Blackjack players out there. Rushmore’s Blackjack Bonus gets you 200% match bonus worth up to $1000 when you use the Coupon Code: DOUBLEDOWN in the "Redeem Coupon" section of the cashier after making your first deposit. Be sure to grab some extra cash to take to the table with this free money offer.

    Play at a whole new level because Rushmore VIPs are at the top of the online gaming world, with a rewards program to match. The benefits of membership only increase over time, so don't waste any time. Join this reward program before you start playing and as a token of appreciation the Rushmore VIP team will send you a generous bonus gift, which is only the first of many perks. On weekdays, Rushmore VIP members receive huge bonuses for each of ten deposits per day, from Monday morning to Friday noon, worth up to $37,500! During the Weekend Bonanza’s VIP members get bonuses that will triple their balance, on their first five deposits of the weekend, for a total of $5,000! The subsequent five weekend deposits trigger match bonuses of up to $3,750. That makes a total of $8,750 in available bonuses from Friday noon until the end of Sunday just for becoming a VIP member.

    The games at Rushmore online casino are powered by RTG software, otherwise known as Real Time Gaming. This is one of the oldest and most trusted online casino software companies on the web. Rushmore Casino is closely monitored and audited by external companies for security and fairness. This means that people can feel safe while playing some of their 80 exciting games to choose from at Rushmore. There is a huge selection of 3 reel slots, 5 reel video slots with exciting bonus games. Rushmore Casino has a great reputation for their selection of slots games, but they also offer a large choice of blackjack, roulette and several video poker games. Also offered are several Progressive Slots, Bingo, poker games like Caribbean stud, and several other popular casino table games.

    To Download the Rushmore Casino Software – Click Here


    This post was posted in Vegas News

  • Gaming Supplier IGT Profits Increase Even Though Sales Drop

    Posted on January 24, 2010 by Jordan

    International Game Technology (IGT) cost-cutting plan set a while back made up for reduced revenues from slower-than-expected first-quarter slot machine sales. IGT saw its profit increase by 20 percent during the first quarter of 2010. The Reno-based gaming manufacturer reported net income of $73.3 million, or 25 cents per share, for the first quarter of 2010, compared to $61.2 million, or 21 cents per share, during the same period of 2009.

    Although the company saw its revenue fall more than 14 percent from $601.6 million to $515.7 million during the year-over-year period, they managed to build up their profits. About 54 percent of first quarter revenue was generated from gaming operations while 46 percent was from product sales. Revenue from product sales declined 17 percent during the quarter to $238.4 million, compared to $288.3 million a year ago. Gaming operations revenue totaled $277.3 million during the first quarter of 2010, compared to $313.3 million in the same period last year. During the first quarter, historically the slowest of the year, however IGT shipped more North American replacement units than the prior year quarter.

    With all of the casinos in Las Vegas there are literally thousands of slot machines that people can choose from. IGT unveiled its “Sex and the City” slot machine at the Global Gaming Expo in November, which the company expected to be an immediate success. In the first few months on the floor the game is out-performing IGT’s initial expectations. Their first bonus-heavy game “Sex in the City” offers more entertainment for the player, because they won’t have to wait long to hit a bonus on these new slot games. IGT programmed the new machine to hit a bonus, on average, once every 25 spins, where as a more typical bonus frequency is 40 spins to 100 spins.

    The company also just announced the addition of two new executives this week. Gideon Bierer, a former senior vice president at MTV, joined IGT as the company’s vice president of new media while Susan Macke, formerly of Hewlett-Packard, is the company’s new chief marketing officer. In addition to its North American locations, IGT maintains sales, service and manufacturing sites around the globe - in Africa, Asia, Australia, Europe, and South America. IGT's international machine sales are growing more of the company's total sales numbers.

    This post was posted in Vegas News

  • Las Vegas Sportsbooks Heat Up Sunday With NFL Playoffs

    Posted on January 23, 2010 by Jordan

    One of the busiest times of the year for Las Vegas sportsbooks is during NFL playoffs. This Sunday’s AFC Championship game has rookie sensation Mark Sanchez and the New York Jets heading into Indianapolis to take on the Peyton Manning and the Colts. In the NFC Championship game we have the veteran Brett Favre and the Minnesota Vikings travelling to New Orleans to take on Drew Brees and the high flying Saints.  

    Some tips for finding the perfect place to watch the game is to case out some Sportsbooks the evening before the big game, Pick one and get there early if you want a seat. It's also very handy to stay in the hotel where you'd like to bet and watch the game this way you can conveniently pop up to the room for online bets, toilet privacy, changing clothes, etc.

    Wynn Las Vegas' sportsbook books some of the biggest and best bets in town, there's a bar and sandwich joint attached with great food and great drinks. Wynn's sportsbook has tons of seating and multiple video screens and unlike most sports books, the action inside the book spills out onto the casino floor.

    A place to catch the game with great food is at Lagasse’s Stadium in the Palazzo. I am not sure you can find a better place to see a game in Las Vegas. Food, drink, plenty of screens and a place bets. Lagasse's Stadium at The Palazzo Las Vegas has it all.

    Las Vegas Hilton hosts a Sunday Football Central party, which is free to get in. Tons of huge screen TV's broadcast the game, and there are lots of slot machines inside the book to keep you or your significant other occupied during the game. The sportsbook at the Las Vegas Hilton has been recently renovated, including the addition of a poker room in the back.

    The sportsbook at MGM Grand Las Vegas has 100 TV's to see all the best sporting events and convenient food right next door you could easily spend all day watching sports and winning money on the horses at the MGM Grand.

    Always a cool place to watch the game is at the sportsbook in Bally’s, which has a great bar and a large viewing area. This might be the most comfortable place to watch a game with friends. Right next door you a have other food options and seating allows for pure game viewing or socializing and viewing.

    This post was posted in Vegas News

  • At 13% Nevada Second Worst Unemployment Rate in the U.S.

    Posted on January 22, 2010 by Jordan

    For the 12th straight month the state of Nevada landed in the double digits for unemployment. New data from the state Department of Employment, Training & Rehabilitation reported unemployment in Nevada rose from 12.3 percent to 13 percent between November and December, even as the holiday hiring season kicked into full gear and the massive CityCenter megaresort opened with 12,000 employees. Nevada’s 13 percent rate is second in the country to Michigan’s massive 14.6 percent jobless rate, both are quite a bit higher compared to the national rate of 10 percent.

    The jobless rate continues to swell as there were 128,200 people who were unemployed, which was up a whopping 9,400 from November. Also compared to December 2008, construction employment in Southern Nevada fell from 86,600 to 63,000 last month. The number of those employed in hotels and casinos dropped from 170,300 to 146,200 in a year-to-year comparison.

    Senate Majority Leader Harry Reid, D-Nev., released a statement saying it took years “to get into this hole,” and he added that emphasizing green jobs in the alternative energy industry would help the state recover and reduce its economic reliance on tourism. “The increase in Nevada’s unemployment rate should serve as a reminder to everyone that we must remain focused on a more aggressive effort to strengthen the economy and put Nevadans back to work,” Reid stated.

    December marked the end of a historically bad year for Nevada's economy, with record unemployment and job losses. The much anticipated opening of CityCenter in Las Vegas failed to be the immediate catalyst the leisure and hospitality industry needed to stop the loss of jobs. What we need to realize is that when CityCenter construction jobs came to a end in December with the opening of the property, the hiring of 12,000 employees for CityCenter just washed out with the laying off of the construction workers and now we are back to square one.

    This post was posted in Vegas News

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