After being sued by MGM, a marijuana company has agreed to stop calling itself “M’Life,” a name almost identical to that of MGM’s member rewards program.
Casinos & Gaming
Kenneth Houng became one the Strip’s first Asian casino hosts when he joined Caesars Palace in 1982. “Caesars was the place to work. Everybody who worked for Caesars was very proud,” said Houng, 78, who retired in 2012. Today, after his pension checks have stopped, he has a much different feeling about Caesars.
A policy address by Macau’s top government official this week wasn’t the uplifting and positive message the casino industry and the investment community were hoping to hear.
The public relations industry’s top publication has named Caesars Entertainment Corp. Executive Vice President Jan Jones Blackhurst as the “CSR Professional of the Year” for leading the casino company’s efforts in diversity, social and environmental responsibility, and philanthropy.
Wynn Resorts Ltd. accused ousted board member Elaine Wynn of several conflicts of interest, including her participation in company discussions over potentially buying the vacant New Frontier site, which was subsequently acquired by a group that included her nephew.
Malaysia-based Genting Berhad will break ground on the $4 billion Resorts World Las Vegas on May 5, a company spokesman said Monday.
Not everyone associated with the casino industry has caught REIT fever. Several analysts and insiders aren’t sold on the notion that real estate investment trusts — where casinos are spun-off into a separate publicly traded company and leased by back to an operator — as being a good move for all gaming companies.
The American Gaming Association wants the U.S. Department of Homeland Security to rank Las Vegas higher in order for the city — primarily the Strip — to better fund programs that protects the state’s $53 billion a year casino industry.
A year ago, the gaming investment community didn’t pay much attention to Global Cash Access. Then, Global Cash Access stole the best little slot machine manufacturer in Texas.
Elaine Wynn filed her formal paperwork to regain her board position with Wynn Resorts Friday, but changed one item from the preliminary proxy that was released a day earlier.
TOKYO/BILOXI, Mississippi — Japan’s tax authorities have begun a review of how slot machine maker and casino developer Universal Entertainment accounted for $40 million in payments made in 2010 to an associate of the Philippines’ top gambling regulator at that time, people with knowledge of the matter told Reuters.
MGM Resorts International told shareholders Friday not to vote for any of the board of director candidates offered by a New York hedge fund that suggested this week the casino company convert its land holdings into a real estate investment trust.
BILOXI, Miss. — Japanese slot machine tycoon Kazuo Okada had his license renewed on Thursday by Mississippi’s state gaming regulator, but with a newly added condition that an ongoing FBI investigation related to his Philippines casino project is resolved without charges against him.
Slot machine giant International Game Technology signed a deal with the $3.5 billion Baha Mar resort in the Bahamas to provide games to half of the casino’s slot machine floor.
Ousted Wynn Resorts Ltd. board member Elaine Wynn said Thursday she first learned she was not being re-nominated to her position through phone conversations with her ex-husband, company chairman and CEO Steve Wynn.
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Death Valley mystery solved: Officials know who knocked over tower
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Oscar De La Hoya selling Henderson mansion
One of Strip’s most famous restaurants closing after nearly 26 years
Those wolves that were seen in Nevada? They weren’t wolves
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