Sheldon Adelson ended the suspense on Tuesday night by deciding to forgo another trip to the witness stand in the breach of contract case brought by former Las Vegas Sands Corp. consultant Richard Suen.
For several days, company attorneys had hinted that the chairman and CEO might opt for another crack at persuading the jurors that Suen deserved nothing for his work in trying to win a Macau gaming license more than a decade ago. Suen, on the other hand, contends he had mapped out a winning strategy that is worth $328 million, based a $5 million success fee plus 2 percent of Sands’s net profits in Macau.
Casinos & Gaming
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In trying to convince jurors that former Las Vegas Sands Corp. consultant Richard Suen should be paid for his work, an expert on Chinese business and politics who testified Monday had the unwitting endorsement of a proverb that decorates a courthouse wall.
U.S. commercial casinos collected $37.34 billion in gaming revenues in 2012, the second-highest figure ever produced by the nation’s gambling states.
ATLANTIC CITY — The behind-the-scenes battle between an Internet poker giant and the struggling Atlantic City casino it wants to buy burst into the open Monday, with a court order, accusations of bad faith and the revelation of an eye-poppingly low sale price.
Slot machine maker WMS Industries saw its profits decline in the third quarter, company representatives said Monday.
Chicago-based investment firm Z Capital Partners LLC has been given a green light to continue expanding its position as the largest shareholder in Affinity Gaming Corp.
There are victory laps and then there are VICTORY LAPS.
The natural order returned last year to the CEO pay ranking for Las Vegas public companies.
Mark Yoseloff spent a career designing, developing and manufacturing electronic games.
Ultimate Poker has registered thousands of users from every U.S. state and 20 countries.
ATLANTIC CITY, N.J. — With legal gambling now moving beyond the casinos and onto the Internet, the industry is bracing for the most far-reaching changes in its history.
Regional gaming operator Ameristar Casinos said a decline in revenues and profits in the first quarter was due to economic factors and new competition in several markets.
A convicted slot machine cheat on Thursday became the first nominee in almost four years to Nevada’s Excluded Person List, commonly referred to as the Black Book.
The messy lawsuit over the way Wynn Resorts Ltd. forcibly bought back the entire stake of Kazuo Okada, its former largest shareholder, has been put on hold for six months after ensnaring both sides in federal criminal inquiries.
A single penny turned out to be the difference between MGM Resorts International’s first profitable quarterly earnings since 2008 and another net loss.
