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2024.07.12
island view casino resort gulfportThe 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. SLS 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. harrah s cherokee casino cherokeeThings are turning around. Meruelo’s undisclosed acquisition of SLS Las Vegas from Stockbridge Capital was recently completed after receiving final approval from state regulators.Meruelo told the NGC about the renovation, “The capital investment is something that will make a dramatic impact. Things are turning around. who owns running aces casino turtle creek casino and hotelsilver oak casino mobile downloadThe 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 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. I am very optimistic.”The money will be spent over several years, Meruelo said. firekeepers casino kansasThings are turning around. s of course critical to Deadwood’s gaming industry. 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. pechanga casino from my location online gambling legal in nygolden palace casino loginThe 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 top 3 online casinosto 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. With either tribal or commercial casinos now legal in all but 11 states, no longer are tourists flocking to the remote Black Hills simply for the slot machines.Deadwood is trying to appeal to a wider demographic by stressing its historical importance. The 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. Things are turning around. 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.I am very optimistic.”The money will be spent over several years, Meruelo said. casino upstate new york live casino facebook |