Tag Archives: Nevada Gaming Commission

Off-Strip Casino Hotel Finally Approved!

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Nevada Regulators give approval for off-strip casino

Nevada Regulators give approval for off-strip casino

Off-Strip Casino Finally Approved!
     The Nevada Gaming Commission and the Gaming Control Board have approved the public offering plan of the off-strip chain, Red Rock Resorts, the name the new company will operate under, after successful completion of its IPO. The news seems to have stirred some much needed attention in Casino Games that Station Casino has been aiming to pout in  place since the Securities and Exchange Commission approved the license.

     This new venture will be headed up by the major shareholders, in brothers Frank and Lorenzo Ferttita, which own 43 per cent and have occupied two of the five seats on the Red Rock Resorts executive board ever since the company went private in 2007. 

     There is some opposition. The local Union of Culinary has indicated its intention to oppose the move through its research director Maya Holmes, who’s cited that the bank has manipulated the interest rate, among her many reasons for campaigning against the IPO.  This, despite talk the union has a closer link to the Deutche Bank, which is believed to be the main funder of the company.

     Despite all the issues, the Station has assured regulators that is has no undue influence and the company is in good financial standing. And, the regulator have verified the claims. The massive $460 million entertainment complex acquisition went ahead as it was approved by regulators.

Hockey in Vegas?
“I just don’t see it not happening. We have a solid owner, an arena and we sold 13,000 season tickets. Vegas has 2.2 million people. It’s a sports town. We’ve been starving for a professional franchise of any kind for many years.”
– Daniel Negreanu, on Las Vegas getting an NHL team.

Poker Quotes

“The night before I left Las Vegas I walked out in the desert to look at the moon. There was a jeweled city on the horizon, spires rising in the night, but the jewels were diadems of electric and the spires were the neon of signs ten stories high.” 
 Norman Mailer

“In Vegas, I got into a long argument with the man at the roulette wheel over what I considered to be an odd number.”
– Steven Wright

“In Vegas, everybody’s gotta watch everybody else. Since the players are looking to beat the casino, the dealers are watching the players. The box men are watching the dealers. The floor men are watching the box men. The pit bosses are watching the floor men. The shift bosses are watching the pit bosses. The casino manager is watching the shift bosses. I’m watching the casino manager. And the eye-in-the-sky is watching us all.”
Ace Rothstein: (voice-over), Casino

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