Former Las Vegas casino tycoon Steve Wynn faces a demand from the Justice Department that he register as a foreign agent who did work on behalf of China, the Wall Street Journal reports.
LAS VEGAS (AP) — Wynn Las Vegas is accused of discriminating against a U.S. Army veteran who was working for them as a security guard and had been diagnosed with post-traumatic stress disorder.
Caesars has already pulled out of Massachusetts and now Wynn Resorts is facing a suitability hearing because of problems with a deal to buy land in Everett, Massachusetts
Nevada gaming regulators have long been picky about the businesses and individuals they allow licensed casino operators to partner with. The rules were designed to keep out criminals and their enterprises but as casinos have gone abroad and tried to move into the online business, the whole idea of keeping casinos separate from any dubious enterprise has become much trickier.
The Gaming Control Board has opened an investigation into the links between organized crime and the junket operators that bring the gamblers from the Chinese mainland to Macau. Those ferry companies also control the VIP rooms where many gamblers play cards and they extend credit and collect debts because casinos cannot legally collect gambling debts under Chinese law. The reports of mob involvement were published by a union local on a special Web site it has created to publicize the problems. So what will happen if the allegations are proven true? Is this a storm in a teacup or could it lead to a big shakeup in the world's biggest casino companies?
Earlier this week, the Wynn Resorts board of directors bought back shares controlled by Kazuo Okada. But the Japanese businessman did not want to sell.
Wynn Resorts is being sued by its biggest shareholder who invested in Wynn's company when it was first formed. He is hinting at improper payments in Macau and other irregularities.
After five years of sharing tips with their supervisors, the dealers at Wynn finally got a break when Judge Kenneth Cory ruled that state law prohibited the casino from forcing dealers to share their tips with supervisors and pit bosses. The judge also reinstated the dealers' class action, now valued at tens of millions of dollars.
What happens when you mix Mozart's musical theater with the Las Vegas Strip? You get "The Impresario." That, at least, is the answer UNLV Opera Theatre is giving this week.
A long-time Portuguese colony was being reformed and the Beijing government wanted to reform the city's main industry - gambling. It brought in a new administration and created tougher gaming regulation to ensure that new capital and expertise could be invested.
Stu Michaels was a former New York City detective who had tracked the Son of Sam killer, when he moved to Las Vegas and found himself heading casino security for Steve Wynn. From picking prostitutes out of a crowd to shopping with Michael Jackson, to lending Bill Gates money, Stu shares a cadre of celebrity-rich stories.
Stu Michaels was a former New York City detective who had tracked the Son of Sam killer, when he moved to Las Vegas and found himself heading casino security for Steve Wynn. From picking prostitutes out of a crowd to shopping with Michael Jackson, to lending Bill Gates money, Stu shares a cadre of celebrity-rich stories.
Former CEO and Chairman of MGM Mirage, Terry Lanni, passed away on Thursday. In a long career on the Strip, he headed two major casino operators: Caesars and MGM Mirage.
If you've seen "Cake Boss" or "Ace of Cakes" on TV, you know that today's creations are more than your Grandma's sheet cake. Little sugar roses don't cut it anymore.
Steve Wynn has hinted at then threatened and then all but said he move Wynn Resort's headquarters out of Las Vegas and to the Chinese gambling enclave of Macau. So Macau might be a major source of revenue for casino companies but does its corporate governance, tax rates and lingering associations with organized crime make it a suitable place for a company listed on the New York Stock Exchange? So what is Steve Wynn up to? We talk about the casino mogul's plans with Wall Street Journal Reporter Alexandra Berzon and
freelance writer and blogger Steve Friess.
