Private equity groups could soon place large bets at Nevada sports books under a bill being advanced in the state Senate.
Casinos & Gaming
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Las Vegas Sands Corp. had a “businessman’s deal” of what one-time consultant Richard Suen had to accomplish in Macau to earn a success fee, but never put it into a written contract, former President and Chief Operating Officer William Weidner testified in court Thursday.
A top executive from the U.S. Travel Association is the leading candidate to replace retiring American Gaming Association President Frank Fahrenkopf.
U.S. Rep. Joe Heck, R-Nev., and a House Democrat from Mississippi are trying to form a bipartisan Congressional Gaming Caucus to focus on gaming issues and policy.
The Siegel Group Nevada Inc. Thursday announced the sale of the Gold Spike for an undisclosed amount to an entity of Tony Hsieh’s Downtown Project, a privately funded venture working to revive downtown Las Vegas.
A calendar shift that moved the lucrative Chinese New Year holiday into February sent Nevada gaming revenues soaring, contributing to the largest single-month total ever for the Strip.
William Weidner’s turn on the witness stand Wednesday quickly skipped to his tumultuous final months as president and chief operating officer of Las Vegas Sands Corp., culminating in his March 2009 departure.
The former chief executive of a technology firm has joined the board of directors of MGM Resorts International.
A new push for gaming expansion in Texas drew muted commentary from analysts Tuesday.
Lonny J. Campos has agreed to surrender his state gaming license and pay a $5,000 fine related to the sale of his Bikini Bar, which operates with a restricted gaming license, according to a settlement reached with the Nevada Gaming Control Board.
In November 2000, Las Vegas Sands Corp. consultant Richard Suen and three associates hit the Strip to do all the tourist things for the first time, including walking through a dozen resorts and catching a couple of shows.
CINCINNATI — Ohio’s newest casino raked in $21 million during its first month of operation as the state’s three other casinos saw double-digit percent increases in their revenues, according to a report released Monday by the Ohio Casino Control Commission.
CARSON CITY — The smaller players in Nevada’s robust gambling economy were the targets of an Assembly bill Monday that would reform the state’s biggest industry by better defining and separating the large casinos from smaller establishments.
CARSON CITY — Private investment groups could place sports wagers on behalf of investors under a proposed law in Nevada that would allow the state to reap millions in untapped revenue.
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.