For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.
Wynn Resorts Ltd. ended Wednesday worth billions less than its value at breakfast. Shares in the gaming giant fell by $21.71, or 16.6 percent, on volume of about 15.7 million shares — nearly eight times average volume. Based on the 101.52 million outstanding shares reported by Google Finance, the loss wiped out about $2.2 billion in market capitalization.
Steven Jacobs, former president of Sands Macau, sued Sands CEO Sheldon Adelson, Sands China and Las Vegas Sands Corp. in 2010, shortly after he was fired.
Key employees at swanky nightclubs in casino resorts in Nevada would be required to register with state gambling regulators under a bill designed to prevent unsavory workers from club-hopping and taking trouble with them.
The Nevada Gaming Commission has removed renowned slot-machine cheat Eugene Bulgarino from the state’s List of Excluded Persons, the so-called “Black Book.”
A Las Vegas judge began hearing testimony Monday to help her determine whether she has jurisdiction over Sands China Ltd. in a breach of contract case filed by Steven Jacobs, the former president of Sands Macau.
The Nevada Supreme Court has given Sands China Ltd. a temporary reprieve from monetary sanctions levied against the company last month, but the court refused to interfere with other penalties imposed in the case.
Court filings show 279 current and former Caesars executives and directors are owed more than $78.6 million — with $11.7 to one individual alone — that could be erased in ongoing bankruptcy.
