3704 stories by Philip Conneller
LVS Shareholders Sue Casino Giant Over Suspicious Transactions at Marina Bay Sands
Las Vegas Sands Corp (LVS) is being sued by a group of investors over its alleged mismanagement of VIP money transfers at the Marina Bay Sands (MBS) in Singapore. The class-action suit has been filed by investor rights firm Bernstein Leibhard in...
Australia Could Make Operators Liable for Stolen Money Gambled
A bill soon to be introduced to Australia’s federal parliament would make betting companies liable to repay stolen money gambled through their operations. The "Making Gambling Businesses Accountable" bill has been authored by Independent MP Andrew Wilkie, a longtime anti-gambling campaigner. It...
Couple Denies Embezzling from Tribe’s California Casino, $38M Suit Seeks RICO Damages
A couple who allegedly “skimmed” $2.9 million from the Gold Country Casino Resort near Oroville, Calif. is being sued for $38 million by the tribe that owns the property, The Sacramento Bee reports. In a lawsuit filed last Thursday in Sacramento federal...
Virginia Casino Opposition Accuses Pamunkey of Racism, Tribe Issues Denial
A campaign group opposed to a proposed $500 million casino in Norfolk, Virginia has accused the tribe behind the project, the Pamunkey, of racism., ABC8News reports. On November 3, voters in Norfolk will decide by ballot referendum whether to authorize casino gaming...
James Packer Vote Saves Directors’ Skins at Crown Resorts AGM, Executive Pay Voted Down
Australian billionaire James Packer used his ownership clout Thursday to save three Crown Resorts directors up for reelection at the company’s annual general meeting. An influential organization told Crown Resorts' shareholders that poor governance would not be tolerated, leaving the fate of...
William Hill Returns £25 Million Furlough Cash to UK Government as Local Lockdowns Loom
Despite new localized lockdowns in the UK threatening to dent revenues at its land-based retail outlets, William Hill said Wednesday that it had enjoyed a “good performance” since the gradual resumption of the elite sporting calendar. As such, the company would be...
‘Alarming Trend’ in Nevada COVID Cases, But No New Restrictions: Sisolak
On Tuesday, Nevada Gov. Steve Sisolak (D) said there would be no new restrictions to combat the coronavirus pandemic, despite a wave of new cases. Sisolak said the state faced an “alarming trend” in new infections and hospitalizations, and there are fears...
Crown Resorts Chair Admits AML Breaches, Claims ‘Incompetence’
Crown Resorts chair Helen Coonan told a licensing suitability investigation in Sydney on Tuesday that she accepted her company had facilitated money laundering. But she blamed it on “ineptitude” rather than criminal intent. The New South Wales Independent Liquor and Gaming Authority...
New Mexico Tribal Operators Denounce ‘Reckless’ Racetrack Gambling Expansion Plans
A squabble between New Mexico tribal casino operators and the state’s racetracks escalated Monday after the tribes pushed back against proposed gambling expansion. At a legislative hearing in Santa Fe, Stuart Paisano, Governor of Sandia Pueblo, said the plan would violate the...
Crown Resorts Failed to Review China Arrest Scandal, Says It Would Weaken Case in $100 Million Lawsuit
Crown Resorts has never held an internal review into the 2016 scandal that saw 19 of its staff detained in China for “gambling crimes.” That’s because the company is still facing a class-action lawsuit brought by disgruntled shareholders over the incident and...
