A Las Vegas judge began hearing testimony Monday to help her determine whether she has jurisdiction over Sands China Ltd. in a breach of contract case filed by Steven Jacobs, the former president of Sands Macau. “Jacobs was not terminated for cause,” according to an amended complaint filed in December.
Casino operator Sands China is reportedly considering converting its Sands Macao property into a non-gaming facility in order to transfer scarce gaming tables to its newer venues.
During a speech at the Venetian Macao on Thursday, Las Vegas Sands chairman (and Sands China CEO) Sheldon Adelson said there simply aren’t enough hotel rooms in Macau to handle an influx of truly large Meetings, Incentives and Conferences and Exhibitions (MICE) clients. Adelson, who led the push to develop the MICE business in both Las Vegas and Macau, said he’d submitted an application to Macau authorities for a new 2,500-room hotel project.
Adelson offered no specifics as to what form this project might take, but Union Gaming Research analysts have come up with a theory. The theory has its roots in Macau’s infamous cap on new gaming tables, which calls for a 3% annual compound growth limit from its current total of roughly 5,700 tables.
Macau officials, who had previously suggested that there was some flexibility in the cap, have since reverted to their previous stance about enforcing the 3% limit until the last Macau casino concession expires in 2022. However, they’ve also suggested that the total number of new tables could be issued in advance of their annual delivery schedule depending on operator need, so it’s anybody’s guess what rule applies.
Preparing for a start in the Kentucky Derby Presented by Yum! Brands (gr. I) May 2 at Churchill Downs, Mubtaahij breezed three furlongs in :36 1/5 Tuesday, April 21 at Arlington Park.
Following is a brief look at some of the horses training toward the $1 million Longines Kentucky Oaks (gr. I) May 1 at Churchill Downs.
Eaton Sales announced April 21 that Marc Ricker has joined the company as sales account manager.
Kentucky Derby Presented by Yum! Brands (gr. I) hopefuls War Story and Mr. Z are scheduled to work Wednesday morning, April 22, at Churchill Downs.
After racing evenly when finishing third in the 1 1/2-mile Orchid Stakes (gr. IIIT) March 28 on the Gulfstream Park turf, Kitten’s Point will try the same distance Friday, April 21 in the $150,000 Bewitch Stakes (gr. IIIT).
UAE Derby winner, trained by South African Mike de Kock, has numerous intangibles going into the Run for the Roses
Connecticut tribal casino operator Mohegan Sun has confirmed it is seeking a South Korean casino with local partner Incheon International Airport Corporation (IIAC).
On Tuesday, the Mohegan Tribal Gaming Authority (MTGA) announced it had signed a memorandum of understanding with the IIAC to develop a “first of its kind gateway entertainment city” in South Korea. The parties hope to have a finalized concept agreement by June 30 and a scope of work proposal by the end of 2015.
The plan is to develop a 3.2-square-kilometer parcel of IIAC-owned land at the Incheon International Airport that would include an 18,500-square-meter foreigners-only casino with 250 gaming tables and 1,500 slot machines. Non-gaming amenities would include 1,000 hotel rooms, retail and dining options, a film studio, a 20,000-seat arena and an indoor-outdoor amusement park with high-tech rides.
The project isn’t shy about its desire to attract a ritzy clientele, as 300 of its hotel rooms will be six-star quality, with the remaining 700 holding five-star designation. The project also plans to trade on its location by offering the “first and only private jet terminal in the world connected to an integrated resort.”
The US subsidiary of UK pool betting operator Sportech PLC is celebrating after officially receiving its New Jersey license.
On Tuesday, Sportech announced that its Sportech Racing subsidiary had received a Casino Service Industry Enterprise License from the New Jersey Division of Gaming Enforcement (DGE). The license supersedes the transactional waiver that Sportech Racing has been operating under for the past four-plus years. Sportech claims this represents “among the first, if not the first, full gaming-related license to be issued in New Jersey to a European-owned company.”
Sportech Racing processes wagers for the state’s racetracks, off-track betting facilities and the state’s only advance deposit wagering online race betting site. Sportech’s data and operations center in Mt. Laurel handles over $11b in annual wagering from racing punters in the US, Canada, the Caribbean and South America. Sportech is also operating online casino gambling for Atlantic City’s Resorts Casino Hotel as part of the SNG Interactive joint venture with NYX Gaming Group.
Sportech CEO Ian Penrose celebrated receiving the DGE’s “gold standard” approval, calling it “an endorsement of our standards of operations and the qualifications of our directors and senior employees.”
Authorities are investigating after they say Sidney police fatally shot a 44-year-old man who was armed with a knife. Cheyenne County Attorney Paul Schaub says two police officers had responded to a 911 call at a residence Sunday and spotted a woman running away from the home.
The Florida Lottery today announced a new milestone of $28 billion in transfers to the state’s Educational Enhancement Trust Fund since opening its doors in 1988. In fiscal year 2013-14, the Lottery achieved record sales resulting in the transfer of $1.49 billion to Florida’s students and schools.
Returning for its fourth consecutive year, the popular Cypress University from Cypress Benefit Administrators is now underway in Las Vegas. This two-day conference covers the latest cost containment strategies for a variety of employee benefit topics, including prescription costs, patient advocacy and on-site/near-site medical.
Brian Rogers of value-based T. Rowe Price Equity Income Fund has been focusing on investing in companies over $2 billion and undervalued since 1994 , when the fund was created. At the end of last month, Rogers added three new positions to his portfolio.
A bill being sought in the Legislature by Wynn Resorts that critics argue would substantially weaken Nevada’s anti-SLAPP statute flew through the state Senate earlier this month and is now awaiting a hearing in the Assembly Judiciary Committee. Opponents, including media representatives, plan to make their opposition known at a Friday Assembly Judiciary Committee hearing on Senate Bill 444.
Jarrett Stoll, the Los Angeles Kings forward, was allegedly in possession of 3.3 grams of cocaine and 8.1 grams of ecstasy when he was arrested at the West Republic pool at the MGM Grand. The Times also reported that Stoll has a pending felony court return date on July 1. The district attorney has to yet to determine if the case will proceed.
Asher Conniff isn’t exactly a household name in the worldwide poker community just yet. But with results like the ones he has been putting up lately, he’s certainly making the case that he could be a breakout star in the future. Conniff won the first event of the 2015 Borgata Spring Poker Open in Atlantic […]
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10 for 10, a documentary chronicling Martin Jacobson and his road to victory at the 2014 World Series of Poker, is to be released shortly, just in time for the start of the 2015 Series, and you can watch the trailer here. We guess documentary crews sometimes just get really, REALLY lucky and it makes […]
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Alabama might be the next hold-out state to break down and start a lottery — and it might do the state some good.Financials, Starting a Lottery, Alabama, Taxes, Government
A Lexington, North Carolina, man who won a $377,241 lottery jackpot said he plans to buy his wife a Corvette convertible.Winner Stories, Jackpots, North Carolina, Pick 5