Forbes Magazine placed Sheldon Adelson of Las Vegas Sands Corp. at the top of its list the world's wealthiest gambling industry billionaires. Forbes rated Sheldon Adelson as the 20th-richest person in the world, with an estimated $30.4 billion. The finance industry and economic magazine launched a real time tracker of
Federal immigration officials raided an illegal cockfighting and gambling ring in Detroit this past weekend. Officials said on Monday they have about 50 undocumented immigrants in custody, who might face deportation now. The gaming ring bust was lead by U.S. Customers and Immigratrations or "ICE" agents. ICE is the successor
In January 2017, a female customer at the MGM National Harbor had her $15,000 mink coat stolen from the coat-check rooms. The Washington Post described the coat as a "special item from Neiman Marcus with sentimental value". It had her monogrammed initials inside. The woman checked the coat at Fish,
The Lucky Dragon Casino is the first Las Vegas casino to offer a rolling chips program on a regular basis. Other Las Vegas casinos have tried rolling chips as a way to lure VIP guests, but none have embraced the system the way the new Chinese-themed boutique casino has. Like
The American Gaming Association released estimates today stating Americans would wager $10.4 billion on the NCAA's March Madness in the coming weeks. The AGA noted that $295 million would be wagered legally at the Las Vegas Strip sportsbooks. Those numbers are meant to underscore the folly of the Professional and
On Monday, Mississippi Governer Phil Bryant signed into law House Bill 967, which regulates daily fantasy sports in the state. House Bill 967 was sent to Gov. Bryant's desk on March 2. Mississippi is the first U.S. state to regulate daily fantasy sports in 2017. The bill gives the Mississippi
The R&R Development Group announced it purchased the closed Atlantic Club Casino Hotel in Atlantic City. R&R plans to turn the building into an indoor water park and go-cart track. Ronald Young, the CEO of R&R Development Group, said his company plans to invest $135 million into a construction of
Preet Bharara, the U.S. Attorney at the center of the Black Friday poker scandal, was fired by the Trump Administration on Friday. U.S. Attorney General Jeff Sessions called for all forty-six of Obama Era U.S. attorneys to hand in their resignations on Friday, then told them they were being dismissed.
Tropicana Casino owner Carl Icahn is accused of violating federal lobbying rules of by a consumer advocacy group. The group, known as Public Citizen, filed a complaint to the United States Congress on Wednesday, saying Icahn violated rules by advocating a change to the federal ethanol regulations. If found to
MGM Resorts International and the University of Nevada Las Vegas (UNLV) announced a partnership today. The two are creating a think tank with the mission of finding bipartisan solutions to economic, workplace, social, and politica issues. The new group is the MGM Resorts Public Policy Institute at UNLV. Former U.S.
The Stockbridge-Munsee Tribe announced it would withhold a revenue sharing payment from the State of Wisconsin, because it believes the state violated its longstanding gaming compact. The payment to be withheld is $923,000. The withheld payments concern the Wittenberg Casino, an operation owned by the Ho-Chunk Nation. The Stockbridge-Munsee Tribe
The Oakland Raiders have received funding to replace Sheldon Adelson's role in the Las Vegas football stadium. The Raiders informed the stadium and finance commmittees of the National Football League that Bank of America plans to finance the NFL-ready stadium. It is a key announcement just weeks before the 32
