Harrah’s Entertainment will settle case over sports betting

Harrah’s Entertainment will pay $100,000 to settle a complaint filed by Nevada gaming regulators over sports wagering issues at its Harrah’s Las Vegas sports book.

The Gaming Control Board said a sports book supervisor rescinded three professional basketball wagers totaling $1,650 from a customer in April 2008. The wagers were made on "overnight lines on professional basketball." After the wagers were accepted and betting tickets were issued, a supervisor took back the wagers and refunded the patron’s bets.

The patron was told he could make the wagers the next day at Caesars Palace, which is also owned by Harrah’s.

Gaming regulators said the move violated a gaming commission regulation that says a sports book may not unilaterally rescind a wager without the Gaming Control Board chairman’s prior written approval.

In a stipulated for settlement signed Thursday, Harrah’s admitted to the allegations in the complaint and agreed to pay a fine of $75,000 and reimbursement costs of $25,000.

The Nevada Gaming Commission is expected to vote on approving the settlement later this month.


Red Rock Resort club closed; more focus on locals sought

The Cherry Nightclub at Red Rock Resort has been permanently closed by the resort’s owners, Station Casinos.

Station Casinos spokeswoman Lori Nelson confirmed the club’s closing, saying it has run its course and that the company wanted to bring in something more focused toward locals.

The 8,500-square-foot oval space was designed by nightspot entrepreneur Rande Gerber and opened with the resort in April 2006.

Gerber and Red Rock Resort parted ways in early 2007.

Nelson did not know how many people were let go with the clubs closing. The employees were told Wednesday.


Treasury chief to face inquiry about suppressed AIG details

Treasury Secretary Timothy Geithner will face a congressional grilling this month about the suppression of details on deals that funneled billions to big investment banks while he was president of the Federal Reserve Bank of New York.

Lawmakers reacted angrily Friday to revelations in e-mails sent in late 2008 and early 2009 between lawyers for the New York Fed and American International Group Inc. The exchanges show the New York Fed wanted AIG to withhold information about deals that sent billions from the taxpayer bailout of AIG to Goldman Sachs Group Inc., Societe Generale and other major banks.

"The lack of transparency and accountability is disturbing enough, but the outstanding question is why the (New York Fed) didn’t fight for a better deal for the American taxpayer," said Rep. Darrell Issa, the top Republican on the House Committee on Oversight and Government Reform, who first obtained the e-mails.

Committee Chairman Rep. Edolphus Towns, D-N.Y., said Friday that the e-mails would prompt a review of AIG’s rise and fall and its relationships with the banks that benefited from its bailout. He scheduled a hearing for the week of Jan. 18 and requested appearances by Geithner and New York Fed General Counsel Thomas Baxter.


Americans’ borrowing shrinks for 10th consecutive month

Americans borrowed less for a 10th consecutive month in November, with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.

The dramatic declines raised new worries about whether consumers will cut back further on spending, making it harder for the economy to mount a sustained rebound.

The Federal Reserve said Friday that total borrowing dropped by $17.5 billion in November, a much bigger decline than the $5 billion decrease economists had expected.


Ex-BetOnSports boss sentenced to prison for racketeering

A man who helped build one of the world’s largest Internet gambling companies, only to see it crumble after an indictment by U.S. prosecutors, was sentenced to nearly three years in prison Friday on federal racketeering charges.

David Carruthers pleaded guilty in April to racketeering conspiracy. Authorities said Carruthers is cooperating in the case against others associated with his company, BetOnSports, and has agreed to testify against them if necessary.

Carruthers, 52, was director and chief executive officer of BetOnSports, an offshore sports wagering business based in Costa Rica. His conviction and 33-month prison sentence "should send a message to any foreign business conducting illegal activities in the United States, that geography does not render it untouchable," said Steven Holtshouser, an assistant U.S. attorney based in St. Louis.


Wholesale inventories show strong increase in November

Inventories held by wholesalers posted an unexpectedly strong gain in November while sales shot up by the largest amount in 10 months.

The Commerce Department said Friday that wholesale inventories rose 1.5 percent in November, a much stronger showing than the 0.2 percent drop that economists had expected. Sales jumped 3.3 percent, far better than the 0.9 percent rise that had been forecast.

It was the eighth consecutive month that sales at the wholesale level increased and was the largest gain since last January.

The inventory report Friday showed that wholesale inventories increased 0.6 percent in October, double the estimate the government made a month ago. That increase was the first rise in inventories after a record stretch of 13 straight declines as businesses slashed the amount of inventories they were holding in an effort to trim costs.

The November rise in wholesale inventories pushed them to $386.26 billion, still 11 percent below where they stood in November 2008. The ratio of inventories to sales dipped to 1.14 from 1.17 in October. That means it would take 1.14 months to deplete inventories at the November sales pace.


Florida cold sends futures for orange juice higher

Orange juice futures contracts surged to a new two-year high on Friday following fresh concerns that cold weather in Florida could wipe out parts of the citrus crop over the weekend.

March contracts for frozen orange juice concentrate rose 10 cents, or 7.1 percent, to settle at $1.5115 a pound, marking the second time in three days the price reached two-year highs. Prices retreated Thursday after a bout of cold weather earlier in the week had minimal effect on the crop.

Orange juice prices have risen 17 percent during the past week.

Temperatures are expected to fall below freezing again in parts of Florida tonight and Sunday night, bringing concerns to farmers and commodities traders.

Orange fruit still hanging on trees can be ruined if temperatures fall below 28 degrees for at least four hours.

The severe chill in Florida came at the peak of the orange harvest and could cause severe damage to the crop if temperatures remain low.


Owners of biggest New York apartments miss payment

The partnership that paid a record $5.4 billion for two of New York City’s biggest apartment complexes is having money problems.

The group led by Tishman Speyer and BlackRock Realty says it wasn’t able to make a full $16 million loan payment that was due Friday.

The companies say the missed payment won’t affect the 25,000 tenants of Stuyvesant Town and Peter Cooper Village in Manhattan.

Analysts have been expecting the group to default on the loan for several months.

MGM Grand Plans To Add Retail And Dining To Its Strip Facade
MGM Grand President and Chief Operating Officer Scott Sibella said executives are “discussing redeveloping that entire frontage of the building out to the Las Vegas Strip.” (Todd Prince/Las Vegas Review-Journal)
Boyd Gaming planning new corporate campus
Casino operator Boyd Gaming Corp. has filed plans to build a new corporate campus. The plans call for two 10-story office buildings and a six-level parking garage in the southwest Las Vegas Valley. Boyd Gaming operates The Orleans, the Suncoast, downtown's California Hotel and other properties. The new headquarters would be just a mile from its current main office building.
Bellagio Conservatory transformed to celebrate Year of the Pig
The Bellagio Conservatory Team transformed the 14,000 square foot conservatory to commemorate Chinese New Year, the holiday that marks the end of the coldest days of winter. (Rachel Aston/Las Vegas Review-Journal)
CES 2019: Intro uses sound to connect people
Intro, a startup that is part of the Future Worlds Accelerator in the UK, has an app that uses ultrasonic sound to find people and companies nearby.
CES 2019 Video: CES wraps up another year
Time-lapse video of the action at CES 2019 in Las Vegas. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Create your own beauty products
Beauty Mix by BeautyByMe is a product that lets you create your own cosmetics and beauty products. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Picobrew’s home brew machine
Picobrew brings automation to homebrewing. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Surviving CES
What it's like to spend four days working the mammoth tech convention. (Jason Bracelin/Las Vegas Review-Journal)
Haier’s smart home
Haier presented smart home technology at CES 2019.
CES 2019 VIDEO: Foldimate makes laundry day easy
Foldimate has created a machine that will fold your laundry for you. Just feed it anything you need folded and it will do the rest. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Opte device corrects skin spots
Opte from Proctor and Gamble is a device for correcting spots and freckles from skin. It analyzes the area for spots and then covers them with a serum of matching skin tone. (Mat Luschek/Las Vegas Review-Journal)
Circa hotel-casino in downtown Las Vegas unveiled
Derek Stevens reveals Circa hotel-casino in downtown Las Vegas. He plans open by the end of 2020. (K.M Cannon/Las Vegas Review-Journal)
Circa, new casino coming to Fremont Street
Casino owner Derek Stevens announces his new property Circa, coming to Fremont Street in downtown Las Vegas in late 2020. (Michael Quine/Las Vegas Review-Journal)
Dreenk My Oeno makes wine suggestions
At CES 2019 in Las Vegas, the Dreenk My Oeno tells you all about wine.
Polaroid One Step Plus camera unveiled at CES 2019
Polaroid has moved into the digital age with its One Step Plus camera with Bluetooth. With the connected app, it turns your smartphone into a remote for the camera, along with filters and features.
Amazon is everywhere at CES 2019 in Las Vegas
Seemingly everything works with Amazon Alexa
LG Smart Mirror helps you dress snazzy
LG’s Smart Mirror is less of a mirror but more of an assistant to help get you looking snazzy. It takes your image and recommends clothes for you or matches existing clothes with new clothes, which can be purchased right from the mirror. (Mat Luschek/Las Vegas Review-Journal)
Underwater robots make waves at CES 2019 in Las Vegas
Robosea is a company dedicated to underwater robotics. They produce consumer robots for underwater filming as well as commercial products which can be used for underwater research. (Mat Luschek/Las Vegas Review-Journal)
CES 2019 - Victrola record players spin in Las Vegas
A new spin on an old favorite, Victrola record players are meeting a demand for retro products. The brand is also making furnitures with built-in speakers.
CES 2019: Slamtec robots ready to serve
Slamtec is a robotics company out of China whose goal is to provide solutions for laser localization mapping and navigation. They have created two autonomous robots that can be used in areas such as bars, restaurants and malls. (Mat Luschek/Las Vegas Review-Journal)
Mixologiq drink maker appears at CES 2019 in Las Vegas.
This is the Mixologiq drink maker.
CES 2019: Veritable smart garden
Let’s face it; not all of us have green thumbs. And herbs are particularly difficult to grow, considering their constant need for sunshine. Enter the Veritable smart garden from Exky, which does it all for you. (Heidi Knapp Rinella/Las Vegas Review-Journal)
Bonnie Springs Ranch near Las Vegas being sold to developer
Bonnie Springs Ranch near Las Vegas is being sold to a developer, set to close in March. Bonnie Springs, west of Las Vegas off State Route 159 — next to Spring Mountain Ranch State Park — spans more than 60 acres and was on the market for $31 million. The developer and his project partner are under contract to buy the ranch and plan to chop it up mostly into custom-home lots. The plans includes a 25-room motel, a restaurant and a 5,400-square-foot event barn.
Bone-conduction headphones form Aftershokz
Aftershokz offers bone-conduction headphones - headphones that don’t go in the ear.
CES Happy Hour party at Hangover Suite at Caesars Palace
Conventioneers mingled during the Hardware Massive CES 2019 Happy Hour Bash at The Hangover Suite at Caesars Palace in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Autonomous Cars and Futuristic Aircraft Rule CES
Day two of CES was dominated by autonomous cars and futuristic aircraft in the North Hall of the Las Vegas Convention Center.
TekNekSavr fights neck problems caused by smart phones
Atiya Syverson invented the TekNekSavr to help fight neck and head problems caused by strains while typing on smart phones. (Mat Luschek/Las Vegas Review-Journal)
New eyeglasses know if you fall and call for help
The French company Abeye has created eye glasses that will detect if the wearer falls and call for help. (Mat Luschek/Las Vegas Review-Journal)
Company that creates vibrator-like device claims genders bias against CES
Lora DiCarlo is a women-run start-up that creates a vibrator-like device designed for female pleasure called the Osé. This year they were awarded the CES Innovation Award in the Robotics and Drone Category, but a month later the Consumer Technology Association, which runs CES, rescinded the award and their booth. Haddock and her team believe it is a reflection of gender bias and sexism in an industry with a long history of male domination.
CES-Wagz has new pet products
Wagz has three new products to help create better lives for your pets in a digital world. One is a collar with LTE tracking and an HD camera. Also a smart pet door that only lets your pet in and out. Lastly, a device to humanely keep Fluffy out of certain areas of your home. (Mat Luschek/Las Vegas Review-Journal)
News Headlines
Local Spotlight
Home Front Page Footer Listing
You May Like

You May Like