Attorneys for Las Vegas Sands Corp. and Hong Kong businessman Richard Suen on Thursday settled Suen’s 14-year-old legal dispute over his compensation for assisting the company secure a license in Macau.
Richard N. Velotta
Assistant Business Editor
Email: rvelotta@reviewjournal.com
Phone: (702) 477-3893
X: @RickVelotta
Richard N. “Rick” Velotta has covered business, the gaming industry, tourism, transportation and aviation in Las Vegas for 25 years. A former reporter and editor with the Las Vegas Sun, the Ogden (Utah) Standard-Examiner, the Arizona Daily Sun in Flagstaff and the Aurora (Colo.) Sun, Velotta is a graduate of Northern Arizona University where he won the school’s top journalism honor. He became the Review-Journal's assistant business editor in September 2018.
The Massachusetts Gaming Commission will receive a report from its Investigations and Enforcement Bureau Friday on its findings on accusations of sexual harassment by Steve Wynn and what company executives knew about it.
Attorneys for Hong Kong businessman Richard Suen and Las Vegas Sands Corp. disagreed Wednesday over how much Suen should be compensated for helping the casino company win licensing in Macau nearly two decades ago.
Construction equipment has been mobilized and excavation has begun at the 63-acre site east of The Venetian and Palazzo for the new 18,000-seat performance venue being developed by The Madison Square Garden Co.
Las Vegas-based Everi Holdings Inc. surprised analysts for the second straight quarter, beating earnings and revenue estimates as the gaming equipment company posted its fourth straight profitable quarter.
The Las Vegas Convention and Visitors Authority on Tuesday approved a proposal with Elon Musk’s The Boring Co. to develop a subterranean people-moving transit system costing between $35 million and $55 million for the Las Vegas Convention Center in a 10-3 vote.
Hedge fund activist Carl Icahn has increased his stake in Caesars Entertainment Corp.
The Oakland A’s — the new parent team of the Las Vegas Aviators — will play two games in Tokyo and wear a special patch on the sleeves of their uniforms that says, “MGM Resorts Japan.”
UNLV law professor Anthony Cabot, a distinguished fellow in gaming law, said depending on the Justice Department’s further explanation of its reinterpretation of the Wire Act, different gaming activities could be affected.
In a Securities and Exchange Commission filing Friday, Caesars disclosed the 83-year-old billionaire had upped his previous 10 percent stake in company stock to 15.53 percent, making him the company’s largest shareholder.
Gaming equipment and slot-machine manufacturer IGT narrowed losses with cost reductions and favorable foreign currency gains in 2018 but still missed analysts’ fourth-quarter earnings estimates, the company reported Thursday.
The Las Vegas Convention and Visitors Authority’s plan to build an underground people-mover to transport conventioneers around the 200-acre Convention Center campus is slated to be ready by CES 2021.
The American Gaming Association is citing Nevada’s unified account wagering process as a case study for modernizing gaming regulations nationwide.
A 71 percent increase in the number of annual sales of machines to 4,387 paced revenue growth and helped the company narrow losses to $10.3 million for the quarter and $20.8 million for the year.
Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson won’t be required to testify or provide a deposition in a court case that began Monday in Las Vegas.