4975 stories by Todd Shriber
Ex-NYPD Vice Detective Pleads Guilty to Running Gambling and Prostitution Ring, Faces Possible 12 Years in Prison
A crooked former New York Police Department (NYPD) vice cop who got a bit too familiar with the very crimes he once busted has pleaded guilty after being charged with running a $2 million per year illegal gambling and prostitution ring that...
No Pot Near Casinos: Nevada Gov. Steve Sisolak Pushes New Bill to Keep Marijauna Away from Gaming
Nevada Gov. Steve Sisolak (D) wants the state to regulate its ever-growing legal marijuana industry, calling for possible cannabis lounges to be located well away from casinos, churches, synagogues, and mosques, as well as parks and schools. His new bill -- AB533...
Casino Group Macau Legend Looking at Laos, Cambodia, and Vietnam for Expansion
Macau Legend Development Ltd. is continuing its efforts to build its empire beyond the Chinese territory. The entertainment and gaming operator is eyeing several Southeast Asian markets, as well as looking at greater expansion in Laos, where the company already has a...
Detroit Greektown Casino $1B Sale to Penn National, VICI Approved by Michigan Gaming Control Board
On Tuesday, the Michigan Gaming Control Board approved the $1 billion sale of Detroit's Greektown Casino-Hotel to Penn National Gaming and Caesars' spinoff REIT, VICI Properties. The deal -- first announced last November by gaming operator Jack Entertainment -- makes owner Dan...
Harrah’s New Orleans Fights Louisiana Over $40 Million in Back Hotel Taxes
Harrah's New Orleans has as much as $40 million in hotel taxes on the line as it unleashes a legal fight against the Louisiana Department of Revenue. The tax fight dates as far back as 2001. Harrah's maintains that -- as the...
Analyst Trims Price Targets on MGM, Sands, and Wynn as Macau Revenues Drop
Citing a variety of factors, Union Gaming analyst John DeCree -- who heads up the company's North America Equity/High Yield Research division in New York -- has forecast a larger decline in Macau VIP revenue and lowered his price targets on Las...
Lakes Charles, Louisiana Casino Hit for $14K By Man Using Employer’s Credit Card
A casino in Lake Charles, Louisiana was taken for $14,000 by a Pasadena, Texas man in March, local law enforcement recently revealed. David Allen Hass, 34, stands accused of using his employer's credit card to take three cash advances from the unnamed...
Steve Wynn Donates $400K to GOP in April, No Plans for Party to Return Money
Steve Wynn -- the controversial former chairman of Wynn Resorts and one-time Republican National Commitee (RNC) Finance Chair -- reportedly donated nearly $400,000 to two national GOP committees in April, and the party appears unlikely to refund those contributions despite the multiple...
Soros Fund Management Downsizes Caesars Entertainment Shares by 25 Percent, Formerly Owned Close to Five Percent of Gaming Operator
As titans of the casino gaming and investment communities jostle to determine the fate of Caesars Entertainment Corp., big-name investor George Soros is reducing his stake in the casino operator. Soros Fund Management, LLC, the family office founded by the 88-year-old billionaire...
Euro Gaming Operator Groupe Lucien Barrière Pledges ‘Naturally Japanese Resorts’ In Push for Japan License
In its effort to land one of Japan's coveted gaming licenses, predominantly French casino outfit Groupe Lucien Barrière (GLB) has pledged to build a resort that is distinctively Japanese in flavor. Speaking before the Japan Gaming Congress 2019 in Tokyo on Thursday,...
