Tomorrow in Las Vegas, a mixed hotel/condominium called Vdara will open for business on the spot once occupied by the unlamented Boardwalk Hotel and Casino. It is the first stage of the CityCenter complex, the largest privately financed development in the United States, which has already cost $8.5 billion and six lives. Even before the recent debt-restructuring woes of 50% stakeholder Dubai World, there was concern over CityCenter's impact on the struggling local economy. (previously) [more inside]
posted by Joe Beese on Nov 30, 2009 - 54 comments

Trump Entertainment is about to run out of the third extension of its debt payments. Station Casinos is offering its investors as little as 10 cents on the dollar in a pre-packaged bankruptcy. Wynn Resorts is cutting staff hours and bonuses to avoid layoffs. MGM Mirage may see a default rate of 30% on its City Center condominiums. Harrah's long-term debt has doubled. There are no more traffic jams on the Strip. Oh... and the Borgata Hotel in Atlantic City had to settle a $70 million sexual harassment lawsuit brought by its beverage servers. In short: times are tough.
posted by Joe Beese on Feb 9, 2009 - 61 comments

Arelia Margarita Taveras “made a name for herself representing the families of victims of American Airlines Flight 587, which crashed in New York City's borough of Queens in November 2001, killing 265 people.^#+ Her practice had 400 clients and earned her $500,000 a year.” She claims that she sought to relieve the pressures of her work by gambling in Atlantic City and Las Vegas over the past few years. She lost $1 million and was disbarred as a result of stealing money from clients [PDF] in order to support her gambling addiction. Taveras also lost her own home and that of her parents (who mortgaged it to support her debt). Taveras owes the IRS $58,000. In response she has filed a $20 million racketeering lawsuit in federal court against six Atlantic City casinos and one in Las Vegas, “claiming they had a duty to notice her compulsive gambling problem and cut her off.”
posted by ericb on Mar 9, 2008 - 94 comments

Cheapovegas! Including tips and reports: Vegas on 19$ a Day, Porn Convention, Free Crap, Best Swimming (or how to sneak into it), and the new Hooter's Casino, to name just a few. Let Casino Boy show you the way to medium-risk, non-family fun!
posted by bardic on May 26, 2006 - 9 comments

A Chip and a Chair: The World Series of Poker's Main Event started today at the Rio in Las Vegas. That's a change from every other year, when Binion's Horseshoe hosted the event. With the rise of online poker and televised tournaments, it's no surprise this is the biggest year ever: 5,661 people registered for the $10,000 no-limit event. That's about $50 million in prize money, once the tournament and casino costs are taken care of. CardPlayer has up-to-the-minute updates on the tournament. Things at the WSOP can get pretty crazy, as you've got thousands of gamblers ready for any sort of action. For instance, poker celeb Phil Gordon put together a Roshambo tournament (paper rock scissors) together with a $10,000 first prize, just to kill time. The main event, by the way, is only one of 45 events, started back in 1970 by a group of hard-core gamblers. Despite the record turnout, however, there's still plenty of people who didn't make it to the main event, including former Harper's reporter James McManus, who placed 5th in the Main Event in 2000 and wrote a fascinating novel on the subject.
posted by Happydaz on Jul 7, 2005 - 22 comments

Howard Stern bets $100,000.00 in Las Vegas and the winnings would have gone to one of three contestants whose story is the saddest. The woman with the dying daughter actually played, decided to hit on 15 and busted. Sorry lady, your kid's just gonna have to croak from brain cancer while you're working and and struggling to pay her hospital bills.
posted by Modem Ovary on Feb 7, 2002 - 24 comments