four winds casino websiteThe sale effectively removed the billionaire – who Forbes estimates to be worth .2 billion – from the gaming industry.He wasn’t out of the game long.Icahn quickly amassed a substantial position in Caesars Entertainment, and is today the company’s largest shareholder with a 28.5 percent ownership stake. The largest casino union in the nation met with gaming regulators in several states this week to express the trade group’s concerns regarding hedge funds and private equity groups amassing considerable ownership positions in the industry. (Image: Bebeto Matthews/AP)Unite Here – the union that represents more than 100,00 workers employed at casinos across the US and Canada – met with gaming table games las vegas casinosregulators in Nevada, New Jersey, and Ohio to relay their unease regarding Wall Street raiders taking control of casino operators.Bob McDevitt, the president of the Unite Here chapter in Atlantic City, told the New Jersey Casino Control Commission (CCC) that hedge funds and private equity groups have been a disaster for the town’s resorts.If their only interest is to squeeze money out of the company and it’s going to hurt the industry here, then I think the commission is uniquely positioned to have a say in it,” McDevitt opined.Unite Here doesn’t represent workers casino dealers, but those employed in such roles as resort housekeepers, bartenders and waitstaff, cooks, bellmen and doormen, and other hospitality service jobs.Icahn FightThe most notable recent conflict between the powerful casino union and an activist investor was between McDevitt and corporate raider billionaire Carl Icahn.Unite Here demanded that Icahn restore wages and benefits that were allowed to be reduced through Trump Entertainment’s 2014 bankruptcy. map of desert diamond casinoCasino union execs say there’s a heightened risk of members being taken advantage of when hedge funds and private equity groups assume control of gaming companies. A federal investigation is ongoing into his inaction.While Connecticut withdrew its lawsuit against the federal agency after receiving authorization of the refreshed compacts, the state might not be finished with the DOI. The tribes want sports betting, and it isn’t clear if that will require yet another approval from DC.“I’m excited about it, because sports betting is one of the great conveners. roulette casino payouts

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