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Casinos & Gaming

Former Macau partner sues Las Vegas Sands for $5 billion

HONG KONG — A former Macau business partner of Las Vegas Sands Corp. accused the casino operator of misappropriating trade secrets and is suing the company for at least $5 billion in profits that it says are owed via their joint ownership of copyright related to a casino license bid.

Slot operator sanctioned over medical pot

Nevada Gaming Control Board for the first time has punished a gaming licensee for also having an interest in a medical marijuana business.

Macau allure may fade as tourists go farther, MGM China head says

Macau is facing threats to its growth from China’s slowing economy and greater foreign competition, escalating the need for the world’s largest gambling hub to diversify from its casino gaming roots.

THE LATEST
California Indian casino built and managed by Station Casinos rising to the top of class

The Graton Resort near Santa Rosa, Calif., has not yet celebrated its first anniversary. But one analyst hinted recently the Indian casino — which was built by Station Casinos and is being operated by the locals gaming giant — is quickly rising to the top of the class in tribal gaming-rich California.

High hopes for casinos in Japan

Don’t say “sayonara” to casinos in Japan quite yet. Japanese lawmakers are just taking a summer break.

Phil Ivey says Atlantic City baccarat win was all skill

World-famous poker player Phil Ivey says his disputed $9.6 million baccarat win at Atlantic City’s Borgata casino was all skill, and he’s seeking dismissal of a lawsuit in which the casino accuses him of cheating.

Lake Las Vegas casino delays opening

Newage Lake Las Vegas, which owns Hilton Lake Las Vegas Hotel and Spa, received a three-year extension this week on its conditional-use permit for nonrestricted gaming from the Henderson City Council to find an operator for the casino at Lake Las Vegas, formerly known as Casino MonteLago.

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