Sports betting is big business in Nevada with $3.45 billion wagered in the last reporting year. But Las Vegas casinos and sports books are still trying to figure out how to attract fantasy sports players to the Strip.
Casinos & Gaming
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An anti-online gaming group funded by Las Vegas Sands Corp. Chairman Sheldon Adelson is distributing a letter from the Federal Bureau of Investigation that warns Internet wagering can be used by criminals to conduct money-laundering activities.
Over the last three years, the Cosmopolitan of Las Vegas has emerged as the luxury Strip resort known for its sexy and edgy advertising — a corporate philosophy that has set the property apart in a crowded gaming landscape.
At a minute past midnight, Debra Wagner was suddenly unemployed. A housekeeper for 23 years at the Atlantic Club, she was one of 1,600 workers who lost their jobs early Monday when the struggling casino shut down, the victim of a glut of casinos in the northeastern U.S.
CG Technology, the gambling subsidiary of Wall Street firm Cantor Fitzgerald LP, will pay the largest fine in Nevada history to settle an 18-count complaint that the company or its CEO should have known one of its top executives was accepting illegal bets.
Penn National Gaming has begun construction on a $360 million casino development in partnership with a Southern California Indian tribe, 20 miles east of San Diego.
The collegiality developed within the gaming industry as casino companies weathered the economic downturn has evaporated.
Credit card issuers J.P. Morgan Chase, Wells Fargo and American Express won’t allow gamblers to use their credit or debit cards to deposit money into online gaming accounts. That goes for both online poker and sports betting in Nevada.
Nevada casinos lost nearly $1.35 billion during fiscal 2013, the fifth straight losing year, according to the annual Gaming Abstract Report from the Gaming Control Board.
Pahrump is looking to expand its tourism outreach efforts.
The Association of Gaming Equipment Manufacturers appointed longtime responsible gaming advocate Connie Jones to head the trade organization’s initiative on the issue.
In some ways, the Rampart Casino is a throwback to old Vegas. The casino doesn’t have movie theaters, a bowling center or other nongaming amenities. The Rampart is pure gambling.
Caesars Entertainment Corp. will host a job fair next week to staff more than 550 positions at the company’s $550 million Linq development on the Strip.
Wynn Macau Ltd., the Macau subsidiary controlled by Wynn Resorts Ltd., on Tuesday appointed Gamal Aziz president, and he will immediately assume the position from Steve Wynn.
CG Technology, formerly Cantor Gaming, and the Nevada Gaming Control Board have reached a tentative settlement over allegations the bookmaker was careless in its oversight of employees.
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