Steven Jacobs, former president of Sands Macau, sued Sands China and Las Vegas Sands Corp. in 2010, shortly after he was fired.
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Casinos & Gaming
Casino operator Affinity Gaming ended 2014 on a positive note, growing both revenue and cash flow for the three-month period that ended Dec. 31.
A former Station Casinos employee was sentenced to 366 days in federal prison Thursday for tax evasion related to a scheme to accept under-the-table payments related to his job.
Caesars Entertainment Corp. General Counsel Tim Donovan said Thursday the company asked its bankruptcy lawyers about finding a way to make pension payments to 63 former employees whose checks were halted in the reorganization of its largest operating division, but the idea was rejected.
The operator of the Stratosphere and the two Arizona Charlie’s properties reversed a net loss and grew revenue in the fourth quarter.
The Culinary and Bartenders unions said Thursday a tentative contract agreement covering 4,000 workers at the MGM Grand Las Vegas had been reached with the Strip resort.
Nevada and Delaware formally launched their online poker network Wednesday, connecting players between the two states.
Members of Congress on Wednesday wrestled with a bill that seeks to ban legalized gambling on the Internet and roll it back in the few states — including Nevada — where it has been approved in some form.
Elaine Wynn was asked Wednesday why she undertook a costly and nasty proxy fight to regain her seat on the Wynn Resorts Ltd. board of directors. Instead of answering directly, she refocused the question. “Maybe that’s something you should ask the company,” Wynn, 72, said.
A lawyer who made his name as a Watergate prosecutor was approved on Wednesday to begin investigating a series of corporate deals in the lead-up to the bankruptcy of the casino operating unit of Caesars Entertainment Corp
Private entity groups would be allowed to place pooled wagers at Nevada sports books under a bill making a comeback in the Nevada Senate. Recently introduced Senate Bill 443 would allow a business entity to register with state gambling regulators and place big bets on football, basketball, boxing and other sports.
A Southern California man has filed a class-action federal lawsuit against The Venetian and Palazzo alleging the Strip resorts charge hidden resort fees.
After being sued by MGM, a marijuana company has agreed to stop calling itself “M’Life,” a name almost identical to that of MGM’s member rewards program.
Kenneth Houng became one the Strip’s first Asian casino hosts when he joined Caesars Palace in 1982. “Caesars was the place to work. Everybody who worked for Caesars was very proud,” said Houng, 78, who retired in 2012. Today, after his pension checks have stopped, he has a much different feeling about Caesars.
A policy address by Macau’s top government official this week wasn’t the uplifting and positive message the casino industry and the investment community were hoping to hear.
The public relations industry’s top publication has named Caesars Entertainment Corp. Executive Vice President Jan Jones Blackhurst as the “CSR Professional of the Year” for leading the casino company’s efforts in diversity, social and environmental responsibility, and philanthropy.
Wynn Resorts Ltd. accused ousted board member Elaine Wynn of several conflicts of interest , including her participation in company discussions over potentially buying the vacant New Frontier site, which was subsequently acquired by a group that included her nephew.
Malaysia-based Genting Berhad will break ground on the $4 billion Resorts World Las Vegas on May 5, a company spokesman said Monday.
Not everyone associated with the casino industry has caught REIT fever. Several analysts and insiders aren’t sold on the notion that real estate investment trusts — where casinos are spun-off into a separate publicly traded company and leased by back to an operator — as being a good move for all gaming companies.
The American Gaming Association wants the U.S. Department of Homeland Security to rank Las Vegas higher in order for the city — primarily the Strip — to better fund programs that protects the state’s $53 billion a year casino industry.
A year ago, the gaming investment community didn’t pay much attention to Global Cash Access. Then, Global Cash Access stole the best little slot machine manufacturer in Texas.
Elaine Wynn filed her formal paperwork to regain her board position with Wynn Resorts Friday, but changed one item from the preliminary proxy that was released a day earlier.
TOKYO/BILOXI, Mississippi — Japan’s tax authorities have begun a review of how slot machine maker and casino developer Universal Entertainment accounted for $40 million in payments made in 2010 to an associate of the Philippines’ top gambling regulator at that time, people with knowledge of the matter told Reuters.