Cannabis banker Sundie Seefried is drowning in a sea of paperwork. And that — she told a Las Vegas audience — is why her financial institution and other banks have to charge high fees to work with marijuana companies.
Todd Prince
Reporter: Business Tourism, Gaming
Email: tprince@reviewjournal.com
Phone: (702) 383-0386
Todd Prince joined the Review-Journal in January 2017 as a gaming and tourism reporter after spending 17 years in Russia. During his time in Moscow, Todd worked 7 years as a stockbroker for Bank of America-Merrill Lynch and five years as a business and political reporter for Bloomberg News. He also worked several years as a freelance writer and photographer for publications including The Moscow Times. Todd speaks Russian and has a bachelor’s degree in history from Brooklyn College.
The three-day MJBizCon conference kicked off Wednesday morning at the Las Vegas Convention Center with speeches by executives at leading North American cannabis companies.
The deal is the largest ever in the Nevada marijuana industry and creates the state’s biggest dispensary operator by locations. Green Thumb will now operate five dispensaries in Nevada, including the only one on the Strip.
The seventh annual conference, which kicks off Wednesday at the Las Vegas Convention Center, will bring more than 25,000 industry professionals to town for three days of networking and deal making. More than 1,000 exhibitors will offer an array of industry services and products ranging from accounting software to extraction equipment.
The company’s social gaming division includes such apps as Bingo Showdown, MONOPOLY and Jackpot Party Social Casino and is one of its fastest growing segments.
The Reno-based gaming operator is enjoying the benefits of a strong U.S. economy while its bigger peers are getting battered by headwinds in Macau and slow growth onthe Strip.
Red Rock is seeking to revive the 17-year-old property’s glory days by redesigning the gaming floor, adding new restaurants and clubs as well as upgrading rooms and suites.
MGM’s lawsuit has sparked more companies around the U.S. to study whether they should go through the process to get covered by the relatively obscure law, lawyersand security specialists said.
The World Tattoo Show and Convention, which started Thursday, opens to the public Saturday, when visitors can get tattoos on the spot from 200 artists, including 35 women.
The New York Jets and MGM Resorts International have agreed on a multiyear deal that is the first of its kind in the NFL.
The gaming giant announced Tuesday morning the partnership with Harris Blitzer Sports Entertainment, whose portfolio includes the NBA and NHL team as well as the Prudential Center. Financial details of the deal were not disclosed.
MGM Resorts International has become the first gaming company to sign a sports betting deal with the National Hockey League as it seeks a new source of growth and greater customer exposure.
Edquity, which describes itself as a “one-stop shop” for college-related finance, was among 100 new financial technology companies chosen by Money20/20 for its USA Startup Academy this week.
Tropicana has been a favorite parking destination for visitors to nearby MGM Resorts International properties, including the T-Mobile area, which charge a fee.
The company’s policy, which has prompted two lawsuits, required dealers to share about 12 percent of their pooled tips with casino service team leads. A Wynn executive informed dealers the policy will end on Nov. 12.