Nevada | World Casino News

Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine

September 9, 2015

Latest Casino and Gambling News, Money Laundering, Bankruptcy, Fines, Lawsuits & Litigation, Nevada

Based on what the federal authorities are calling ‘severely deficient’ controls on anti-money laundering, Caesars Entertainment Corp. must now pay a hefty civil penalty. $8 million will be paid by Caesars based...

Nevada Supreme Court hears jurisdiction and change of venue request in Jacobs v Sands et al

Lars Jones

September 2, 2015

Macau, Fines, Lawsuits & Litigation, Nevada

Five years after filing a wrongful termination suit and more than three months after a Nevada judge decided her court had jurisdiction over the case, lawyers for Steve Jacobs and Las Vegas Sands argued their ca...

Caesars bondholders denied immediate ruling on debt guarantee

D. Graham

August 31, 2015

Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Bankruptcy, Fines, Lawsuits & Litigation, Nevada

Bloomberg reports that bondholders owed $7 billion by Caesars have been denied an immediate ruling as to whether or not the casino giant broke the law, thus giving Caesars several more weeks grace to negotiate ...

New Alon integrated resort to reinvent Las Vegas experience

D. Graham

August 30, 2015

Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, North America Casino News, Casino openings, Casino project updates, Nevada

With a planned 2018 debut, the executive team of the Ālon Las Vegas Resort is aiming to reinvent the Las Vegas experience with the help of successful nightclub kingpin Jesse Waits. CEO Andrew Pascal and COO Rob...

Nevada Gaming Control Board legal analysis of Daily Fantasy Sports ongoing

Kim M

August 27, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Online Gambling News, Sports betting, Fantasy Sports, Licensing, Nevada

This fall, Nevada, which is the king of gaming scrutiny, could lead the way to the regulation of daily fantasy sports (DFS) in the U.S., and subsequently impact the future of the activity - depending upon the r...

Caesars reportedly to pay $20 million money laundering penalty

Alex Lanter

August 25, 2015

Latest Casino and Gambling News, U.S.A., Money Laundering, Crime, Fines, Lawsuits & Litigation, Nevada

Caesars Entertainment Corp (CEC) has reportedly reached an agreement with the Department of Justice to settle its US money laundering charges. A report from Reuters reads that the casino giant has settled to pa...

Last major hold out on Senior Caesar debt signs on

Kim M

August 24, 2015

Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Economy/Finance, Bankruptcy, Nevada, New Jersey

In a statement released Friday by Caesars Entertainment Group, an agreement for restructuring a major operating division within the company that filed bankruptcy six month ago, Caesars Entertainment Operating C...

Nevada Gaming Commission approves Penn National purchase of Tropicana

Kim M

August 21, 2015

Las Vegas, Casino News, Latest Casino and Gambling News, Casino project updates, Licenses, Mergers, Acquisitions & Partnerships, Nevada

The $360 million sale of the Tropicana Las Vegas to casino and racetrack operator Penn National Gaming was approved by the Nevada Gaming Commission (NGC) on Thursday. The deal is expected to be finalized next T...

50th anniversary for Genting Group

Alex Lanter

August 20, 2015

Latest Casino and Gambling News, Las Vegas, World Casino News, European Casino News, Malaysia, Singapore, South Korea

About 600 members from Malaysia and abroad celebrated the 50th anniversary of Genting Group at the Grand Ballroom of the Genting Convention Centre on August 15, 2015. The black-tie gala dinner themed "Forging A...

Mandalay Bay’s expanded convention center now in use

Sam Mitchell

August 19, 2015

Las Vegas, Latest Casino and Gambling News, Casino expansion projects

Mandalay Bay Convention Center reopened Tuesday August 17, 2015 after 350,000 square feet was added to the already large space. The addition makes the convention center 2 million square feet, with an overall pr...

Fremont Street casino to close tonight after 85 years

Lars Jones

August 19, 2015

Las Vegas, Casino closures, Mergers, Acquisitions & Partnerships, Nevada

The Las Vegas Club in Downtown Las Vegas will close up shop before midnight Wednesday and likely be reopened under a new name now that the D Las Vegas and Golden Gate Casino owners, Derek and Greg Stevens have ...

SLS Las Vegas suffers net loss of $48.6 million in second quarter of 2015

Alex Lanter

August 19, 2015

Latest Casino and Gambling News, U.S.A., Economy/Finance, Nevada

The SLS Las Vegas reported a net loss of more than $48.6 million in the second quarter of 2015. According to a securities filing, the total net loss for the first six months of the year reached $83.9 million. ...

Governor Sandoval’s General Counsel Moves on to Resorts World Position

Sadonna Price

August 18, 2015

Latest Casino and Gambling News, Nevada

Governor Brian Sandoval of Nevada just lost his general counsel Michon Martin as she moves on to join the team at Resorts World Las Vegas. The governor’s office announced the departure on Monday, with Martin se...

Billionaire James Packer’s Crown credit profile under pressure

D. Graham

August 18, 2015

Australia, Latest Casino and Gambling News, Casino News, North America Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Nevada

Between the recent increase in cost to insure Crown Resort’s notes, rising net debt, widening spread of credit default swaps, significant profit decreases from Macau properties, and plans to spend billions more...

Las Vegas Club sold to Stevens Bros

Kim M

August 16, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Nevada

Tamares Group’s CEO Jonathan Jossel announced Friday that the aging Las Vegas Club has been sold to Derek and Greg Stevens, owners of the nearby the D Las Vegas and Golden Gate casinos. Also Part of the deal...

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Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine

Nevada Supreme Court hears jurisdiction and change of venue request in Jacobs v Sands et al

Caesars bondholders denied immediate ruling on debt guarantee

New Alon integrated resort to reinvent Las Vegas experience

Nevada Gaming Control Board legal analysis of Daily Fantasy Sports ongoing

Caesars reportedly to pay $20 million money laundering penalty

Last major hold out on Senior Caesar debt signs on

Nevada Gaming Commission approves Penn National purchase of Tropicana

50th anniversary for Genting Group

Mandalay Bay’s expanded convention center now in use

Fremont Street casino to close tonight after 85 years

SLS Las Vegas suffers net loss of $48.6 million in second quarter of 2015

Governor Sandoval’s General Counsel Moves on to Resorts World Position

Billionaire James Packer’s Crown credit profile under pressure

Las Vegas Club sold to Stevens Bros

Macau’s Mass Market Gaming Dominates 1Q25, But Revenue Growth Slows

Booming Games Brings Classic Springtime Cheer in Easter Classics Online Slot

Saks Fifth Avenue Drops Plans for Midtown Casino

Aristocrat Nears $1B Acquisition of Interblock to Enter ETG Market

Toronto Casino Fined $120K Over Dealer Collusion Scheme