Gambling industry

April 17, 2019 - 6:40 pm
LAS VEGAS (AP) — Financial documents suggested Wednesday that Las Vegas Sands Corp. paid $96 million to settle a 15-year breach-of-contract dispute with a Hong Kong businessman who helped the U.S. company open its first casino in the Chinese gambling enclave of Macau. The amount was listed as a "...
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April 16, 2019 - 8:22 pm
ROBINSONVILLE, Miss. (AP) — A third casino is closing in Mississippi's Tunica County, with the operator citing declining revenues and profits. Penn National Gaming, based in Wyomissing, Pennsylvania, announced Tuesday that it would close the Resorts Casino on June 30. That will leave the county...
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April 11, 2019 - 3:11 pm
EVERETT, Mass. (AP) — Wynn Resorts is proposing Massachusetts regulators require the company ban its founder from its resorts as a condition of keeping its state casino license. The company also suggests the Massachusetts Gaming Commission impose other conditions to further distance the company...
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FILE - This Feb. 19, 2018, file photo, shows Wynn Las Vegas in Las Vegas. Las Vegas casino giant Wynn Resorts is in talks to buy Australia's largest casino operator, Crown Resorts. Crown, which owns casinos in Melbourne, Perth and London and will soon open another in Sydney, confirmed in a statement on Tuesday, April 9, 2019 it was in confidential takeover discussions over a cash-and-scrip offer from Wynn. (AP Photo/Isaac Brekken, File)
April 09, 2019 - 4:42 am
SYDNEY (AP) — Australia's largest casino operator, Crown Resorts, confirmed Tuesday that it is in talks to be bought by Las Vegas casino giant Wynn Resorts. Crown, which owns casinos in Melbourne, Perth and London and will soon open another in Sydney, said in a statement that the offer had an...
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In this March 19, 2019, photo Zack Shelton, of Swish Analytics, left, explains how to place a bet at the Skyloft Predictive Gaming Lounge inside the Golden 1 Center, home of the NBA's Sacramento Kings, in Sacramento, Calif. Although sports betting is not legal in California, the SkyLoft Lounge is being used for contests that don't involve gambling. (AP Photo/Rich Pedroncelli)
April 08, 2019 - 5:28 pm
ST. PAUL, Minn. (AP) — Native American tribes have emerged as key players in the legislative debates over whether states should legalize sports betting, with some opposing the idea because it could threaten their casinos and others supporting legalization but only if they retain a monopoly. In many...
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FILE - This Sept. 9, 2018 file photo shows Bruce Deifik, owner of the Ocean Resort Casino in Atlantic City, N.J., inside his casino's sportsbook. Deifik, the Colorado developer who lost a fortune running a struggling Atlantic City casino for six months, was killed in a single-car crash in Denver. He had been driving home Sunday, April 7, 2019, from a Colorado Rockies baseball game in his hometown of Denver, his lawyer, Paul O'Gara, said Monday, April 8. He was 64. (AP Photo/Wayne Parry, File)
April 08, 2019 - 3:29 pm
ATLANTIC CITY, N.J. (AP) — Bruce Deifik, the Colorado developer who lost a fortune running a struggling Atlantic City casino for six months, was killed in a single-car crash in Denver. He was 64. Deifik had been driving home Sunday from a Colorado Rockies baseball game in his hometown of Denver,...
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FILE - In this March 15, 2016 file photo, casino mogul Steve Wynn gestures during a a news conference in Medford, Mass., regarding his proposed casino complex. Women's rights advocates and business experts said Wynn Resorts has taken laudable steps to transform a workplace culture that allowed sexual misconduct complaints against Wynn, its founder, to remain hidden for decades, but still has room for improvement. The Massachusetts Gaming Commission will holding public hearings the first week of April 2019 on whether the company is still suitable to hold a casino license for the multi-billion dollar Encore Boston Harbor, slated to open in June 2019 in Everett, Mass. (AP Photo/Charles Krupa, File)
April 04, 2019 - 2:25 pm
BOSTON (AP) — Massachusetts gambling regulators are questioning Wynn Resorts leaders Thursday about what they knew about allegations of sexual misconduct against company founder Steve Wynn. The state's gaming commission resumed its interrogation of new company CEO Matt Maddox, who took over after...
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FILE - In this Feb. 28, 2018, file photo, the luxury yacht Equanimity is seen in the Benoa harbor in Bali, Indonesia. Malaysia’s government says a luxury yacht allegedly bought with money stolen from the multibillion-dollar looting of a state investment fund will be sold to casino operator Genting Berhad for $126 million, half its original price. Attorney-General Tommy Thomas says the Admiralty Court on Wednesday, April 3, 2019, approved the sale of the Equanimity, which has lavish amenities including a helicopter landing pad, plunge pool, gymnasium and a cinema.(AP Photo/Ambros Boli Berani, File)
April 02, 2019 - 11:39 pm
KUALA LUMPUR, Malaysia (AP) — Malaysia's government said Wednesday that a luxury yacht allegedly bought with money stolen from a troubled state investment fund will be sold to casino operator Genting Berhad for $126 million, half its original price. Attorney-General Tommy Thomas said the Admiralty...
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FILE - In this Oct. 25, 2018, file photo, employees prepare to take bets moments before the new sports book at the Tropicana casino in Atlantic City, N.J., opened. Most of the states that moved quickly to legalize sports betting after a Supreme Court decision last year are still waiting for the expected payoff. Only New Jersey and Delaware saw the tax revenue to their state budgets meet projections. (AP Photo/Wayne Parry, File)
April 02, 2019 - 3:37 pm
PROVIDENCE, R.I. (AP) — When the Patriots won the Super Bowl again — and covered the spread, too — all of New England was delirious, with the possible exception of Rhode Island's tax collectors. The state's sportsbooks lost $2.35 million because, come on, really, who's going to bet against Tom...
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FILE - In this March 15, 2016 file photo, casino mogul Steve Wynn gestures during a a news conference in Medford, Mass., regarding his proposed casino complex. Women's rights advocates and business experts said Wynn Resorts has taken laudable steps to transform a workplace culture that allowed sexual misconduct complaints against Wynn, its founder, to remain hidden for decades, but still has room for improvement. The Massachusetts Gaming Commission will holding public hearings the first week of April 2019 on whether the company is still suitable to hold a casino license for the multi-billion dollar Encore Boston Harbor, slated to open in June 2019 in Everett, Mass. (AP Photo/Charles Krupa, File)
April 01, 2019 - 5:38 pm
BOSTON (AP) — Wynn Resorts has taken laudable steps to transform a culture that allowed sexual misconduct complaints against its founder to remain hidden for decades, women's rights advocates and business experts say. And while the company is making progress more than a year after casino mogul...
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