A regulatory mandate that Nevada gaming license holders stay away from the state’s neophyte medical marijuana business could be challenged again Thursday at the Nevada Gaming Commission. But the outcome is inevitable.
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The idea of a full-scale smoking ban in Nevada casinos seems out of place. The “No Smoking” concept doesn’t fit the Strip’s “do anything” reputation.
As he was exiting the Sawyer Building’s second-floor hearing room following a Nevada Gaming Commission monthly meeting, Chairman Peter Bernhard was complimented by a state gaming enforcement agent on his handling of individuals and companies seeking licensing approval.
Like much of Nevada, the casino industry is grappling with issues surrounding medical marijuana — so much so, that gaming companies and regulators have had little to say publicly about doctor-prescribed pot.
Save for a few small companies, Wall Street has thrown in the towel on slot machine manufacturers for 2014.
The investment community long has expressed concern over the growing debt that weighs down many casino companies, most notably the $21 billion anchor around the neck of Caesars Entertainment Corp.
There is a reason analysts spent about 40 minutes questioning Las Vegas Sands Corp. officials last week about the company’s results in Macau. More than half of the company’s quarterly revenue came from its Macau resorts.