Archive for April, 2012

Kentucky Derby In Las Vegas

Monday, April 30th, 2012

Horse racing is one of those sporting events that often gets overlooked in Las Vegas. With so many other sporting events going on throughout the year, it’s understandable. This weekend though, horse racing will be front and center, with the 138th running of the Kentucky Derby from Churchill Downs happens. This will be a prime attraction for many casinos this Saturday afternoon.

Dan Shapiro, who oversees racing for Lucky’s Race and Sports Books commented on Derby week, saying “Derby week is always going to be a big one here,” adding on “The handle is great. Saturday will be our biggest (racing) day of the year, but it carries over all week.”

Shapiro also reported that action during Derby week has gone up in the past few years. One of the many reasons as to why the Derby has gained popularity is that there is an increase in the interest of the horses. It probably does not hurt that this is a different kind of attraction.

Lucky’s Race runs books at The D Las Vegas, the Riviera, the Plaza and Terrible’s. They are one of the first shops in Las Vegas to put out future odds on the Kentucky Derby as well. Even though the Derby is this weekend, numbers were posted on the odds of prospective horses 6 months ago.

Place your bets this weekend at the Kentucky Derby!

Fight Over Ownership Of Artifacts At Mob Attraction

Friday, April 27th, 2012

The Las Vegas Mob Experience had it’s grand opening a little over a year ago on March 29, 2011. Within this attraction, visitors could see all kinds of neat things all tied to the Mob, including guns, knives, brass knuckles, and other various weaponry.

It has been quite a few decades since these weapons were used, but even so, they are still very much desired, but not for the same reasons anymore. As it turns out, there are people fighting for ownership of these weapons now.

The Mob Attraction Las Vegas, which is located at the Tropicana houses 1,500 artifacts. Weapons are not the only thing that people have been fighting over ownership for. For the past few months, fights for ownership of some of the Attraction’s artifacts have made their way through the court system.

The legal battle over the artifacts revolves around who has the right to display them for a profit in a fixed or travelling exhibit. It’s been an intense courtroom saga that involves bankruptcy and convoluted legal manoeuvres. Almost like something out of a mob themed movie. The courtroom saga is actually playing out in an open court with public charges.

On one side of the dispute, there’s Jay Bloom, the lead creator of the $25 million exhibit called the Las Vegas Mob Experience. On the other side, there’s investor John Vipulis, who is the owner of the Mob Attraction Las Vegas that operates in the old Mob Experience space.

Las Vegas Sands Sees Huge Jump In Earnings

Wednesday, April 25th, 2012

The owner of the Las Vegas Sands Corporation has reported a huge jump in casino winnings in their first-quarter results, thanks to the Sands owned Venetian and Palazzo resorts on the Las Vegas Strip.

Las Vegas Sands Corporation reported in their quarterly earnings that they generated a net revenue of $385 million, which is up by an impressive 26 percent from the last first-quarter a year ago. Earnings before interest, taxes, depreciation and amortization rang in to about $116 million from the Venetian and Palazzo properties.

According to the Las Vegas Convention and Visitors Authority, statistics show that visitation increased by 6.4 percent this past February versus last year in February 2011.

This substantial increase is due to more visitation to Las Vegas, and the substantial increase in revenue for the Sands properties are likely because of higher spending by those visitors.

The increase in activity at the Venetian and Palazzo properties is responsible for the big increase in the first-quarter for the Sands. The Las Vegas Sands Corporation reported that hotel occupancy at both the Venetian and Palazzo was steady, at about 83.4 percent. The daily room rate increased slightly due to the demand of group meetings and convention business. Both properties combined have a total of 7,093 suites, and even the slightest increase in the daily room rate can make all the difference.