Casino magnate and political meddler Sheldon Adelson has never been happy with merely enjoying his successful business on the Las Vegas Strip. While the Palazzo is a beautiful place that spews money like a fountain, Adelson's real passion is meddling in national and international politics. To help serve that end, he owns several newspapers in…
In the mind's eye, the glimmering casinos of the Las Vegas seem like the last places on earth that would be impacted by US President Donald Trump's trade war with China, but that's not exactly the case. Casino construction and remodeling, it turns out, is heavily reliant on steel beams. Most steel, it also turns…
Las Vegas casinos have always been the bulwark of the American casino industry. They've thrived in good times and bad. During recessions and booms the casinos of the Vegas Strip were a reliable source of revenue for their owners. But something very unusual has been happening in Sin City over the last four months, revenue…
For many decades, the existence of regulated sports betting in Las Vegas was used as a reason to prevent the city of Las Vegas from having any professional sports teams. Having a team in a town that offered gambling would simply be too enticing to organized crime, which would almost certainly use their influence to…
Wynn Resorts was issued a record $20 million fine by the Nevada Gaming Commission (NGC) for its failure to adequately investigate sexual harassment claims made against its found and former CEO, Steve Wynn. The fine was a major statement by the NGC whose previous record high fine was $5.5 million issued to Cantor Gaming for…
2019 is only days old but workers at MGM Resorts are already looking forward to 2020 with a sense of dread and unease. That’s because the gaming industry giant is preparing to boost profits by as much as $300 million and that boost is going to be funded by as many as 2,000 layoffs. MGM…
November 2018 was a month to be thankful for if you happen to own a Las Vegas casino. Casinos up and down the famed Las Vegas Strip reported big revenue gains for the month thanks to the surprise resurgence of baccarat as a revenue driving force. According to the latest numbers released by the Nevada…
Regulated sports betting could be giving an unexpected boost to one of America's most prestigious NFL pick contests, the Westgate SuperContest. This year's contest features more players than ever before competing for a top prize that is expected to be slightly over $1.5 million. According to reports on CalvinAyre and CBS Sports, the 2018 SuperContest…
British billionaire Richard Branson is purchasing the Hard Rock Hotel and casino in Las Vegas for an undisclosed amount of money. The purchase, which was finalized last week, represents the culmination of Branson's long-held wish to own a Las Vegas casino. Branson, who is known as an offbeat and eccentric billionaire, is planning to rebrand…
A Nevada sports betting fund is being plagued by complaints that it took clients' money and then went silent. At least two clients of Matt Stuart have already filed complaints with Nevada Secretary of State and the Attorney General with regards to his conduct while running an entity betting firm called Bettor Investments. Three more…
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