Oh Behave! Nevada Gaming Regulators Tell Vegas Casinos to Keep It Legal

Oh Behave! Nevada Gaming Regulators Tell Vegas Casinos to Keep It Legal

Summer’s around the corner, and you also know very well what this means: the notorious Las Vegas gambling enterprises’ summer time pool parties are about to find yourself in complete swing. That means bikini-clad maidens everywhere, outrageous amounts of incredibly overpriced booze moving such as for instance a river, and, oh yeah, perhaps some illicit activities happening also.

In an effort to crack down on that last bit, Gaming Control Board Chairman A.G. Burnett and Clark County Sheriff Doug Gillespie have issued a memorandum to the Strip’s resort properties, telling them in no uncertain terms that what are the results in Las Vegas will probably be their fault if it takes place on the property. The lawmakers told the Las Vegas resorts they are lawfully liable for anything criminal that happens in their venues, and could face fines or action that is disciplinary same, even in cases where a third-party operator manages one of their nightclubs, ultra lounges or time clubs.

Recent Incidents Show Bad Oversight

A incident that is recent garnered national news coverage, the place where a multicar wreck that involved a shooting and left three people dead, had been a major motivation for the notice. The shootout and crash took place appropriate on the Strip, around Flamingo, which is the corner that houses major Strip properties like Caesars, the Bellagio therefore the Aria at CityCenter. Ends up, the gr Continue reading “Oh Behave! Nevada Gaming Regulators Tell Vegas Casinos to Keep It Legal”

No Smoking Revel Going Up in Smoke with Bankruptcy

No Smoking Revel Going Up in Smoke with Bankruptcy

Simply days in short supply of a year because it opened to fanfare that is great Atlantic City’s no smoking casino experiment Revel is looking to declare themselves bankrupt, considering federal securities regulators’ disclosure statements the casino filed earlier this week. Through the secret of high finance sleight-of-hand, some $1.5 billion in staggering debt will now be converted into $1 billion in equity for the casino’s eager creditors, and a brand new CEO, Jeffrey Hartman (formerly of the Mohegan Sun in Connecticut) will take over the reins of the faltering mare.

Resignations Certainly Are a Whole Lot

Hartman gets control of for recently departed Walk of Shamers ex-CEO Kevin deSanctis and Chief Investment Officer Michael Garrity; thankfully, this is not Japan, or there is abdominal entrails from the penthouse towards the parking lot by now. Nope, this is America, the place where a smartly negotiated contract when you sign up gets that you well-paid ride when you are axed; so DeSanctis and Garrity not only reach remain on with the Revel brand, they can also look forward to about $7 million in consulting fees for all of those other year. Is schmoop 1984 that each or together? We’re maybe not sure, but our hat goes off to their solicitors: well-played, counselors, well-played!

Smoke Signals

Although Atlantic City overall has been in a nosedive that is financial (attributed to everything from Hurricane Sandy to an ambiguo Continue reading “No Smoking Revel Going Up in Smoke with Bankruptcy”