Casinos & Gaming
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An appeals court has overturned a ruling that awarded The Venetian an unpaid gambling debt of $499,000 plus interest, saying the judge erred by excluding evidence that the customer had terminated his line of credit.
An attorney for the California resident said the ruling could change how casinos govern lines of credit, or markers.
Analysts believe Singapore’s two casinos will produce gaming revenues of more than $5 billion in the island nation’s first full year of legalized gambling.
Even before The Cosmopolitan of Las Vegas opens Wednesday, gaming industry analysts are saying that to succeed financially the hotel-casino will have to offer something different than what is found at other properties along the Strip.
John Unwin understood that there was some risk when he decided last year to leave Caesars Palace after five years to take control of a half-finished, multibillion-dollar resort project that many in Las Vegas thought would never be completed.
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