Category Archives: Casinos

Las Vegas Sands Is Still Crazily Mispriced

“They ran their heads very hard against wrong ideas, and persisted in trying to fit the circumstances to the idea instead of trying to extract the idea from the circumstancesa ” Gaming shares have participated in the recent market rally across the board. Its message we believe was that the sector had been long hammered by negative news both here and in Macau and that signs of recovery were too numerous to ignore.

Space projects lured $1.8 bln in venture capital last year – report

Feb 24 Venture capital groups invested $1.8 billion in commercial space startups in 2015, more than in the last 15 years combined, a report by aerospace consultants the Tauri Group shows. The lion’s share of the 2015 space investments was a $1 billion round of financing for Space Exploration Technologies, or SpaceX, founded and overseen by technology entrepreneur Elon Musk, who also runs Tesla Motors Inc. “The year 2015 was a record-setting year for space ventures, with investment and debt financing of $2.7 billion,” according to the Tauri Group’s “Start-Up Space” report, which was released on Monday.

Wynn official: Everett casino construction is 'effectively on hold'

Wynn Resorts, with plans to build a $1.7 billion resort casino in Everett, announced Wednesday that a planned spring groundbreaking for the project will be delayed, that upcoming job fairs will be canceled, and that a project-related hiring freeze will go into effect. The company said the moves are a result of Somerville Mayor Joseph Curtatone’s appeal of an environmental permit for waterside construction projects.

Wynn official: Everett casino construction is 'effectively on hold'

Wynn Resorts, with plans to build a $1.7 billion resort casino in Everett, announced Wednesday that a planned spring groundbreaking for the project will be delayed, that upcoming job fairs will be canceled, and that a project-related hiring freeze will go into effect. The company said the moves are a result of Somerville Mayor Joseph Curtatone’s appeal of an environmental permit for waterside construction projects.

Lawsuit: Video shows police attacked man at Hard Rock Hotel

A Southern California man is suing Las Vegas police, alleging excessive force by officers who he says punched, beat and choked him with a baton during a 2014 reggae concert at the Hard Rock Hotel in Las Vegas. Attorney Cal Potter says security video of the arrest of Ian Tuuamalemalo shows what Potter calls “an organized riot on the part of the police.”

Lawsuit: Video shows police attacked man at Hard Rock Hotel

A Southern California man is suing Las Vegas police, alleging excessive force by officers who he says punched, beat and choked him with a baton during a 2014 reggae concert at the Hard Rock Hotel in Las Vegas. Attorney Cal Potter says security video of the arrest of Ian Tuuamalemalo shows what Potter calls “an organized riot on the part of the police.”

APNewsBreak: Powerball Dropped Revamp That Gave Better Odds

The group that runs the Powerball lottery game approved, then abandoned, changes that would have given ticket buyers more bang for their two bucks than the redesign recently implemented, The Associated Press has learned. Powerball managers changed the game’s odds in October to build bigger jackpots and revive lagging player interest.

APNewsBreak: Powerball Dropped Revamp That Gave Better Odds

The group that runs the Powerball lottery game approved, then abandoned, changes that would have given ticket buyers more bang for their two bucks than the redesign recently implemented, The Associated Press has learned. Powerball managers changed the game’s odds in October to build bigger jackpots and revive lagging player interest.