Penn National is not the first commercial casino company to jump into the Indian gaming market.
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Bill Weidner has put his 14 years as president of Las Vegas Sands Corp. in the rear view mirror. Last month, Global Gaming Asset Management, which Weidner operates with former Las Vegas Sands executives Brad Stone and Garry Saunders, opened the first phase of Solaire, a planned $1.2 billion hotel-casino at Manila Bay in the Philippines.
During the 2008 breach-of-contract trial between Hong Kong businessman Richard Suen and Las Vegas Sands Corp., Sheldon Adelson went to great pains to correct his testimony after suggesting that Bill Weidner, who was then president of the company, had breached fiduciary responsibility to the casino operator.
For now, we have a benchmark on Strip land values.
Bob Miller didn’t think much of the casino concept proposed to his father.
Online gaming giant PokerStars folded its hand last summer after a 15-month legal battle with the U.S. Department of Justice.