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
The downtown Las Vegas gaming market outperformed the state’s other 12 markets by percentage increase over the previous year for total revenue, the state Gaming Control Board reported Wednesday.
Two Strip properties were without power for about an hour early Wednesday morning, and an MGM Resorts spokeswoman said the outage was wind-related.
Construction crews have placed a tall aerial work platform on the Resorts World Las Vegas site on the Strip, an indication that work could soon begin in earnest on the Malaysia-based Genting Group’s planned $4 billion, 3,000-room Chinese-themed property.
Casino- and tavern-operator Golden Entertainment will open seven new taverns in the valley later this year.
British bookmaker William Hill Plc, which has a strong presence in Las Vegas and throughout Nevada, said annual operating profit would fall to $316.7 million, because of “customer friendly” horse racing and soccer results in December.
MGM Resorts International is hiring more than 1,000 seasonal employees for its Strip resorts and will conduct a career fair Wednesday between 9 a.m. and 5 p.m. at the Oceanside Ballroom at the Mandalay Bay Convention Center.
Steven Katz has left his role with MGM for a new challenge: general manager of the upcoming sites for Canter’s Deli, the nearly 90-year-old Los Angeles institution about to re-enter the Las Vegas market.
Lost in some of the commentary about what’s ahead for the gaming industry in 2017 is the ongoing “Las Vegasization” of Macau.
Less than two decades ago, e-sports consisted of a few dozen elite gamers gathering in warehouses to compete for modest-at-best prizes. Today, e-sports has climbed out of basements and warehouses and onto major cable networks and is on the verge of becoming a $1 billion industry.