CARSON CITY — Private investment groups could place sports wagers on behalf of investors under a proposed law in Nevada that would allow the state to reap millions in untapped revenue.
Casinos & Gaming
During the 2008 breach-of-contract trial between Hong Kong businessman Richard Suen and Las Vegas Sands Corp., Sheldon Adelson went to great pains to correct his testimony after suggesting that Bill Weidner, who was then president of the company, had breached fiduciary responsibility to the casino operator.
The Primm Valley Lotto Store isn’t much of a convenience outlet. Bottled beverages and ice make up 100 percent of its inventory. But that wasn’t why it was opened in 1992 on the California side of the border with Nevada, just off Interstate 15 and adjacent to the three Primm Valley casinos.
The methodical, sometimes repetitious review of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson’s dealings with one-time consultant Richard Suen continued Friday in Clark County District Court, punctuated by flare-ups and an examination of the Thursday incident that led to a request for a mistrial.
Joseph Magliarditi is confident the $50 million invested in upgrades to the Palms is money well-spent.
Gov. Brian Sandoval will keep the five-member Nevada Gaming Commission intact for another year.
Regional casino giant Penn National Gaming, which owns M Resort, announced plans Friday to enter San Diego’s Indian gaming market.
It took one hour of Sheldon Adelson’s testimony Thursday for the Las Vegas Sands Corp. chairman and CEO to provoke opposing attorneys to demand a mistrial.
Representatives from two unions and the Strip’s two major casino operators will begin contract negotiations today covering thousands of hotel and restaurant workers at some 20 resorts.
The government of Vietnam on Thursday formally approved requested amendments to the investment certificate of Asian Coast Development in the company’s planned Ho-Tram Strip project that is 24 percent owned by Pinnacle Entertainment.
The story remains the same, but the stakes have risen by nearly a quarter of a billion dollars in the retrial of former consultant Richard Suen’s claim against Las Vegas Sands Corp.
ATLANTIC CITY — Atlantic City’s casino profits fell more than 27 percent last year, even as revenue from nongaming sources inched upward.
CARSON CITY — The powerful Nevada Resort Association urged state lawmakers Wednesday to approve a bill banning small establishments with restricted gambling licenses from having sports betting kiosks.
In a closed-door conclusion to a largely closed-door proceeding, Clark County District Judge Rob Bare on Tuesday cleared the way for news media cameras to record Las Vegas Sands Chairman and CEO Sheldon Adelson’s appearance on the witness stand.
Station Casinos-owned Ultimate Poker, which has yet to launch its pay-to-play website in Nevada, has a brand ambassador.
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