7955 stories by Devin O'Connor
DOJ Deputy Attorney General Rod Rosenstein to Resign, Successor Tasked With Clarifying Wire Act
Rod Rosenstein, the Department of Justice (DOJ) deputy attorney general who agreed to review the 2011 Wire Act opinion, is set to resign next month following allegations that he offered to secretly record conversations with President Donald Trump. The Associated Press spoke...
Golden Nugget Owner Tilman Fertitta Invests in Caesars Entertainment Following Failed Merger Offer
Billionaire Tilman Fertitta has purchased roughly four million shares of Caesars Entertainment less than four months after his proposal to merge his Golden Nugget properties with the Las Vegas casino operator was rejected. A source close to Fertitta told Bloomberg the investment...
Universal Entertainment Profits Surge to $1.5B Due to Wynn Resorts Settlement
Japanese gaming company Universal Entertainment said net revenues totaled just shy of $1.5 billion last year, with the strong fiscal report largely coming as a result of reaching a settlement with Wynn Resorts. Traded on the Tokyo Stock Exchange, Universal said net...
Amazon HQ2: Atlantic County Officials Reignite Campaign to Win Headquarters
Amazon HQ2 was set to build in Long Island City, New York, and bring with it 25,000 jobs on an average annual salary of $150,000. But the online retailer and tech giant – the world's most valuable publicly traded company – abruptly...
New Jersey Threatens Lawsuit Against Department of Justice Over 2019 Wire Act Opinion
New Jersey State Senate President Stephen Sweeney (D) is warning the US Department of Justice that a lawsuit is coming unless the agency's latest opinion on the federal Wire Act is rescinded. In a letter dated February 13 to DOJ Deputy Attorney...
Billionaire Carl Icahn Pressuring Caesars Entertainment to Sell Company
Billionaire Carl Icahn is pushing Caesars Entertainment to consider selling its casino empire to a rival in an effort to improve management and increase value for shareholders. The Wall Street Journal spoke with people close to the corporate raider who are familiar...
Michael Bloomberg Prepared to Outspend Sheldon Adelson to Block President Trump Re-Election
Billionaire Michael Bloomberg is preparing to spend $500 million to make sure President Donald Trump doesn't win re-election. That won't sit well with Las Vegas Sands CEO Sheldon Adelson, who was the top political donor on either side of the aisle during...
MGM Resorts CEO Jim Murren Blasts DOJ Wire Act Opinion, Company Reports Strong 2018 Revenues
MGM Resorts CEO Jim Murren told investors and analysts during the company's Q4 and full-year 2018 earnings call that the Department of Justice's (DOJ) reversal of opinion on the Wire Act is "perplexing." Union Gaming analyst John DeCree asked the chief executive...
China Lowers Economic Growth Target, Macau Casinos Prepare for Slowdown
China has lowered its economic growth target for 2019 to 6-6.5 percent, which would be the country's lowest expansion in 29 years. As a result, Macau casinos are bracing for a slowdown. The People's Republic of China reported last month that 2018...
Showtime Announces Four-Part Sports Betting Docuseries ‘Action’
Showtime Sports Documentary Films will air a four-part docuseries next month that focuses on the world of professional sports betting. "Action" chronicles the lives of professional gamblers and sports bettors, handicappers, and oddsmakers. One of the reality series' stars is "Vegas Dave,"...
