Investigations into Wynn Resorts Ltd. and its founder, Steve Wynn, are nearing completion in both Massachusetts and Nevada, with a growing likelihood that Silver State gaming regulators will finish first.
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The off-Strip Lucky Dragon, which opened less than two years ago, has fully shut down and is scheduled to come up for sale at a foreclosure auction Oct. 30. The property is now surrounded by chain-link fencing.
For months, representatives of the gaming industry have marveled at how sports leagues, particularly the National Basketball Association, have made such great strides toward accepting sports wagering as mainstream entertainment.
The gaming industry has come a long way since Nevada blazed a trail more than a decade ago for gambling with real money over the internet.
Some commissioners believe the company needs to have its license revoked, effectively running the operator of eight Southern Nevada sports books out of business.
OK, let’s get this out right from the top because it seems this is what people around here care about most: Parking will be free at the new MGM Springfield and the company is encouraging visitors to downtown Springfield to use its seven-story, 3,400-space parking garage when they shop or have dinner in the neighborhood.
Industry observers are anxious to find out if Wynn’s moves have been enough to dodge potential regulatory bullets and whether MGM’s garnered enough public support.
There’s plenty of expertise in Nevada to lead the way toward fundamental sports-betting policy but there aren’t many roadmaps showing how to get where states want to be. That is, until Anthony Cabot’s new book hit the bookshelves in late May.
Paf will become the first international gambling company to introduce a loss limit on Sept. 1. The company says the limit will be 30,000 euros or about $35,000 in U.S. currency a year.
The U.S. Supreme Court’s decision not to consider hearing a petition to overturn an appellate court ruling on Wynn Las Vegas’ tip-sharing policy marks another stop on the long, tortuous road traveld since the tip policy was announced in 2006.