2024.07.19
cache creek slotsThe Galaxy Entertainment Group’s purchase of a 5 percent stake in Wynn Resorts is good for the latter’s shareholders but will it sit well with Nevada regulators? (Image: Galaxy Entertainment)Entities owning more than 10 percent of a casino in Nevada are subject to scrutiny from gambling regulators as a matter of course. Passing through the northern end of the Strip? Wave goodbye to the “blob” at SLS Vegas, as he/she/it won’t be there much longer. (Image: SLS Las Vegas)New owner Alex Meruelo told the Nevada Gaming Commission (NGC) last week that he’s goidoubledown casino level upng to spend 0 million to revitalize the resort. casino table games dealer jobsPassing through the northern end of the Strip? Wave goodbye to the “blob” at SLS Vegas, as he/she/it won’t be there much longer. Passing through the northern end of the Strip? Wave goodbye to the “blob” at SLS Vegas, as he/she/it won’t be there much longer. today it’s unclear just how much influence triad organizations still have on the junket industry, if any at all – nor is there any reason to believe Galaxy has ever done business directly with any such organizations. coolcat casino mobile chumba casino sister casinoonline casino s bonusemThe founder and former chairman and CEO stepped down in early February amid allegations of sexual misconduct against his staff, allegedly spanning decades.As several jurisdictions began investigations into Wynn’s own suitability as a casino owner, he sold his stock to safeguard the company’s licenses.Hong Kong-based Galaxy is the second biggest operator in Macau, after LVS’ Sands China.It’s possible the NCGB’s curiosity may have been piqued by the company’s past reliance on the junket industry, which, according to an LVS executive, was once controlled by triads.In 2002, LVS teamed up with Galaxy Entertainment Group as a management partner, to push for a gaming concession in Macau, but LVS ultimately broke off the relationship.In 2007, former president of LVS William Weidner told a Nevada courtroom that was because “these guys want to do VIP rooms the way they … do them in Macau where the … triad guys run them because they’re the only ones that can grant and collect credit in mainland China, and they smuggle the renminbi across the border.”LVS Chairman and CEO Sheldon Adelson made similar comments in 2013, prompting Galaxy doubledown casino level upto issue a filing with the Hong Kong stock exchange objecting to “certain inaccurate statements.”Deal OK’d in MacauSince then, however, Chinese President Xi Jinping’s corruption crackdown has forced Macau to regulate the junkets more stringently. A 5 percent stake demands a reporting requirement. Galaxy Entertainment, which last week bought a 4.9 percent stake in Wynn Resorts for just under billion, will be the subject of a suitability probe by the Nevada Gaming Control Board (NGCB), the regulator has confirmed. nearest louisiana casinoI am very optimistic.”The money will be spent over several years, Meruelo said. Macau gaming operators, and shareholders who own more than five percent of Macau gaming companies, are prohibited from holding a stake of 5 percent or more in other local gaming companies.The regulator noted that the sale of shares was for less than five percent adding that because Galaxy has bought into Wynn Resorts and not Wynn Macau, the law did not apply.Deadwood creator David Milch says he’s already finished the script, and negotiations with the cast are well underway.online slot casino uk admiral 888 casinoatlantis casino las vegas nvSLS Las Vegas, the north Strip casino resort that has struggled financially since it was re-envisioned from the Sahara in 2014, is undergoing further changes in what will hopefully reverse the property’s recent fortunes. The NGCB is likely to look into the LVS allegations, nevertheless.Meanwhile, the Macau gaming regulator announced on Friday that the Wynn-Galaxy deal did not breach local gaming law. The founder and former chairman and CEO stepped down in early February amid allegations of sexual misconduct against his staff, allegedly spanning decades.As several jurisdictions began investigations into Wynn’s own suitability as a casino owner, he sold his stock to safeguard the company’s licenses.Hong Kong-based Galaxy is the second biggest operator in Macau, after LVS’ Sands China.It’s possible the NCGB’s curiosity may have been piqued by the company’s past reliance on the junket industry, which, according to an LVS executive, was once controlled by triads.In 2002, LVS teamed up with Galaxy Entertainment Group as a management partner, to push for a gaming concession in Macau, but LVS ultimately broke off the relationship.In 2007, former president of LVS William Weidner told a Nevada courtroom that was because “these guys want to do VIP rooms the way they … do them in Macau where the … triad guys run them because they’re the only ones that can grant and collect credit in mainland China, and they smuggle the renminbi across the border.”LVS Chairman and CEO Sheldon Adelson made similar comments in 2013, prompting Galaxy doubledown casino level upto issue a filing with the Hong Kong stock exchange objecting to “certain inaccurate statements.”Deal OK’d in MacauSince then, however, Chinese President Xi Jinping’s corruption crackdown has forced Macau to regulate the junkets more stringently. s of course critical to Deadwood’s gaming industry. s of course critical to Deadwood’s gaming industry. Deadwood creator David Milch says he’s already finished the script, and negotiations with the cast are well underway.how to gamble at bellagio is boulder station casino open today |