The fine resolves the federal government’s six-year investigation of the casino operator’s compliance with the Foreign Corrupt Practices Act in some of its dealings in China and Macau.
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Casinos & Gaming
MGM Cotai, MGM Resorts International’s $3.1 billion hotel-casino under construction just off Macau’s Cotai Strip, will open in the second half of 2017 instead of in the second quarter, the company disclosed Tuesday in a Securities and Exchange Commission filing.
Caesars Entertainment Corp.’s main operating unit won court approval on Tuesday for a plan to shed $10 billion of debt and end a contentious $18 billion bankruptcy filed nearly two years ago to the day.
Supporters of legalized sports gambling in New Jersey and several other states were dealt a no-decision of sorts Tuesday when the U.S. Supreme Court delayed a ruling on whether it will take up the states’ challenge to a federal ban.
MGM Resorts International has bought a new Washington, D.C., office building to use as base for advancing public policy initiatives.
Japan could catapult to become the third-largest casino market globally when the first casino lights are turned on in the early 2020s.
As you enter The Cosmopolitan of Las Vegas lobby, you turn yourself over to the hotel’s newest “employee” Rose to guide you through its halls and amenities.
Caesars Entertainment Corp.’s main operating unit has cleared the way for the casino operator to exit bankruptcy protection.
Aria is suing a former executive, Mi Morse, and The Cosmopolitan, alleging Morse took Aria’s confidential information before leaving in late 2016 and is now using it to solicit Aria’s most well-heeled customers to gamble at The Cosmopolitan.
Internet gambling has helped Atlantic City’s casinos post their first revenue increase in a decade.
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