UNLV law professor Anthony Cabot, a distinguished fellow in gaming law, said depending on the Justice Department’s further explanation of its reinterpretation of the Wire Act, different gaming activities could be affected.
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In a Securities and Exchange Commission filing Friday, Caesars disclosed the 83-year-old billionaire had upped his previous 10 percent stake in company stock to 15.53 percent, making him the company’s largest shareholder.