Tag Archives: las vegas

Steve Wynn Caught in Middle of Ex-Wife, Board Proxy Fight

Elaine Wynn said Thursday she has her ex-husband Steve Wynn’s endorsement in her battle to remain on the board of the casino-hotel company they co-founded. Elaine Wynn cited statements the Wynn Resorts Ltd. CEO made on Charlie Rose’s interview show this week that he didn’t agree with the board’s decision not to re-nominate her.

Jepsen says casino bill could prompt challenges

Attorney General George Jepsen warned Connecticut legislative leaders Wednesday that a bill allowing the state’s two federally recognized tribes to open jointly operated casinos could face legal challenges from other gambling entities who claim the legislation is unconstitutional. He said the proposed legislation also raises legal issues that “pose significant uncertainties and potentially serious ramifications for the existing gaming relationship between the state and the tribes,” which currently provides tens of millions of dollars annually to Connecticut’s budget.

5 Things to Expect from the 50th ACM Awards

It’s the 50th anniversary of country music’s biggest night, and Luke Bryan says he and co-host Blake Shelton are ready to bring their A-game. Sunday’s ACM Awards will honor the biggest names in country music and is set to feature an all-star slate of performances from rising stars to a long-awaited reunion.

Kennesaw State receives $5 million to name Culinary Sustainability and Hospitality program

The University System of Georgia’s Board of Regents today approved the naming of the Michael A. Leven School of Culinary Sustainability and Hospitality at Kennesaw State University. Michael Leven, a veteran hospitality industry executive and president and CEO of the Georgia Aquarium, made a commitment of $5 million to name Kennesaw State University’s School of Culinary Sustainability and Hospitality.

Reid, Graham In Civil Union To Pass RAWA

As Congress gets back to work, Capitol Hill conservatives are anxious about the anxious about the out-in-the-open partnership between retiring Senate Minority Leader Harry Reid and Sen. Lindsey O. Graham to ban web-based gambling. Reid said he confers with Graham on the legislation for a federal ban web-gambling and the two men agreed to let the House pass its bill first in the same March 27 interview Reid gave to Joe Schoenmann , host of KNPR’s ” State of Nevada ” program that featured first-time-long-time President Barack Obama .

Firm Criticizes Wynn's Compensation as Proxy Battle Brews

Investor advisory firm Glass Lewis said in a report Friday that Wynn Resorts’ compensation earned a D grade for paying executives more than peers but performing worse. The report is at least the second to criticize the company’s compensation practices while analyzing the company’s proxy battle with Elaine Wynn.

Orlando Mayor Dyer: Casinos could lead to 'next Atlantic City' in FL

But in a YouTube video that went online late last week , Orlando Mayor Buddy Dyer warns that the expansion of the casino gaming industry could put the Sunshine State on a similar path. Goodbye Mickey, hello Snookie? The video was produced by Protecting Florida’s Future, an Aventura-based political action committee chaired by Juan-Carlos “J.C.” Planas, a former prosecutor and Republican politician who served in the Florida House of Representatives from 2002 through 2010.

Duke Energy gives $3 million to committee tied to Gov. Pat McCrory

In four payments from June to December 2014, Duke sent the Republican Governors Association a total of $3,050,000 A new analysis of government records reveals that Duke Energy – the world’s largest private electric utility – began writing unusually large checks to the national Republican Governors Association while Gov. Pat McCrory and Republican lawmakers debated how to respond to the company’s giant spill of coal ash sludge into the Dan River. In four payments from June to December 2014, Duke sent the Republican Governors Association a total of $3,050,000 – more than 10 times its previous record donation to the RGA.

Alamos Gold and Perrigo are big market movers

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: The Canadian gold mining company is merging with fellow gold mining company AuRico Gold Inc. in a deal worth about $1.5 billion. Mylan said it filed notice of its proposed buyout with antitrust regulators as it awaits a response from the generic drug company.

's M&A Chatter for Monday April 13, 2015

The Deal : Alamos Gold Inc. and AuRico Gold Inc. announced that they have agreed to merge their respective companies in a transcation valued at approximately US$1.5 billion. Alamos shares will receive, for each share held, 1 MergeCo share and $0.0001 in cash, and holders of AuRico shares will receive, for each share held, 0.5046 MergeCo shares.

How a man who worked for the Lottery Association may have hacked the system for a winning ticket

The 2000 movie “Lucky Numbers,” which stars John Travolta and Lisa Kudrow, depicted a con-artist duo trying to hack the lottery system. Eddie Raymond Tipton, who worked as the Director of Information Security for the Multi-State Lottery Association, was arrested last January by the Iowa Division of Criminal Investigations over a mysterious unclaimed Lotto ticket.

Hollywood Casino hotel on hold; operator faces big penalty

An agreement with the Unified Government called for Kansas Entertainment LLC to start work on the 248-room hotel this month or start paying penalties estimated at $1.25 million a year. The operator of Hollywood Casino at Kansas Speedway is folding plans to start work on a new hotel next to the casino this month, and they’ll have to ante up an estimated $1.25 million a year until they decide go forward with the project.

Alamos, AuRico to merger their gold businesses in US$1.5-billion friendly deal

Under the agreement, shareholders of Alamos Gold Inc. and AuRico Gold Inc. would each own half of a new company that owns the Young-Davidson mine in Ontario and the Mulatos mine in Mexico and other assets. The merged company would also own about five per cent of another new company, to be name AuRico Metals, which will have about US$20 million in cash and a number of mining assets.