Tag Archives: casinos

The Associate Press reports: The NBA on Wednesday approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month after the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The …

The New York Post reports: Steve Cohen has finally laid his cards on the table. The billionaire Mets owner finally unveiled his long-awaited Queens casino plan Tuesday — revealing a sprawling $8 billion gaming center, hotel, and music venue near Citi Field that he has dubbed “Metropolitan Park” after the team’s full corporate name. The proposed entertainment playground, which will …

The Associate Press reports: MGM Resorts brought to an end a 10-day computer shutdown prompted by efforts to shield from a cyberattack data including hotel reservations and credit card processing, the casino giant said Wednesday, as analysts and academics measured the effects of the event. “We are pleased that all of our hotels and casinos are operating normally,” the Las …

NBC News reports: MGM Resorts on Wednesday said that a cyber incident that has significantly disrupted properties across the United States for the past three days represents a material risk to the company. At the same time, the major credit rating agency Moody’s warned that the cyberattack could negatively affect MGM’s credit rating, saying the attack highlighted “key risks” within …

Gothamist reports: New York’s bid to award up to three licenses for full-fledged casinos advanced on Tuesday after officials unanimously voted to formally solicit applications, with an asking price of $500 million for each license. The latest round of solicitation for licenses has generated interest from Thor Equities, which has partnered with Saratoga Casino Holdings, the Chickasaw Nation and Legends …

The New York Times reports: Times Square, New York City’s famed Crossroads of the World, could hardly be considered lacking. It has dozens of Broadway theaters, swarms of tourists, costumed characters and noisy traffic, all jostling for space with office workers who toil in the area. Now one of the city’s biggest commercial developers is pitching something that Times Square …

The New York Times reports: A Monaco-style casino atop Saks Fifth Avenue, across the street from St. Patrick’s Cathedral. A gambling den with East River views, alongside a popular wedding venue. A Hard Rock casino in the center of Times Square. In the next several days, as part of state budget negotiations, Gov. Kathy Hochul and legislative leaders may well …

Gothamist reports: Gov. Kathy Hochul proposed a $216 billion state budget Tuesday that would provide bonus payments to health care workers, bolster funding for schools and clear the way for casinos in New York City. Hochul’s spending plan comes as the state is in a relatively strong financial position, thanks to a large influx of federal aid and stronger-than-expected tax …

The Hill reports: Florida’s Miami-Dade County city of Doral voted unanimously on Wednesday to officially ban gambling and casinos in the city, potentially putting in jeopardy reported plans for the Trump-owned Doral golf resort to establish its own casino. With the 4-0 vote from the Doral city council, properties wishing to establish gambling or a casino must get a request …

The Washington Post reports: Former president Donald Trump’s son Eric, who runs the family’s private company, touted the potential of transforming their Doral golf resort into a gambling destination amid a quiet push among Florida Republicans to legalize casinos in areas of the state that have long opposed them. Although Republican legislative leaders have not yet submitted a bill, word …

The Las Vegas Review-Journal reports: Sheldon Adelson, who rose from selling newspapers on Boston street corners at age 12 to one of the most successful luxury resort developers, philanthropists and political influencers of his generation, died Monday night at his home in Malibu, California. He was 87. Adelson founded and served as Chairman and CEO of Las Vegas Sands Corp., …

The Texas Tribune reports: Las Vegas Sands, among the world’s largest gaming companies, has set its sights on legalizing casinos in the state with a stable of high-powered lobbyists for the upcoming legislative session — and on Tuesday, a public acknowledgment of its ambitions. “Texas is considered the biggest plum still waiting to be out there in the history of …

The New Jersey Advance reports: Plans to demolish the former Trump Plaza Casino in Atlantic City have been submitted, Atlantic City Mayor Marty Small said in a press conference Thursday afternoon. Icahn Enterprises, which now owns the building, submitted plans to demolish the entire plaza by implosion, Small said. The company had previously planned on keeping the section of the …

CBS Las Vegas reports: GM Resorts International says they will be temporarily closing their buffets at ARIA, Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor and Excalibur amid coronavirus concerns. The changes will go into effect on Sunday, March 15, according to their Public Relations department. The closures are temporary and MGM says it will be evaluated on a weekly …

CNBC reports: Steve Wynn has resigned as CEO and chairman of Wynn Resorts, the company announced Tuesday. The move comes after a Wall Street Journal report published in January detailed allegations of decades of sexual misconduct by the gambling mogul. The allegations in the report detailed accounts from dozens of current and former employees that would amount to “a decades-long …

A brief breaking mention from Politico: Las Vegas casino mogul Steve Wynn is stepping down as Republican National Committee finance chair, according to three Republicans familiar with the decision. The decision follows a Friday report in the Wall Street Journal alleging that Wynn engaged in sexual harassment. There’s also this from Forbes: Wynn Resort shares fell over 10% on Friday …

Vox reports: Republican finance chair and Las Vegas mogul Steve Wynn engaged in decades of sexual misconduct with his employees, according to a new bombshell report by Alexandra Berzon, Chris Kirkham, Elizabeth Bernstein, and Kate O’Keeffe in the Wall Street Journal. The Journal reached out to more than 150 people who have worked for Wynn, who is chair and chief …

The Associated Press reports: Donald Trump wrote “The Art Of The Deal,” but it was Florida’s Seminole Indians who made a truly amazing deal to buy the opulent casino built by the man who is now president. The Trump Taj Mahal, the Atlantic City casino that the real estate mogul built for $1.2 billion in 1990, went for 4 cents …

Trump Entertainment files for bankruptcy again: http://t.co/3Urfu5F6LK pic.twitter.com/UL0vZN7pKt— Reuters Business (@ReutersBiz) September 9, 2014