Tag Archives: casinobiz

lasvegas: Construction Industry Icon…

One of Las Vegas’ most influential construction entrepreneurs, George Randall , died from cancer on Oct. 6 at the age of 82. Together, Randall and Ray Kendricks launched one of the largest construction empires in Las Vegas history- Steel Engineers Inc. The company was responsible for fabricating and placing rebar in a majority of the buildings in Las Vegas , including the Thomas and Mack Center , MGM Grand , Caesar’s Palace , the Stratosphere, Mirage, Sahara Hotel , and the Nevada Test Site . Steel Engineers Inc. became a resounding success, once employing over 1,000 workers.

Macau Says Casinos Need to Heed Its Rules After Wynn's Gripes

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Steve Wynn’s criticism of its policies, demanding casino operators comply with its rules days after the Las Vegas tycoon Lionel Leong, according to the Hong Kong-listed unit of Steve Wynn’s casinos operator.

CSN film recounts nontraditional students' struggles

Cast and crew members from the documentary AfA3 4AfA AfAoNo Greater OddsAfA3 4AfA AfA1 are shown at the CSN Cheyenne campus at 3200 Cheyenne Ave. in North Las Vegas on Wednesday, Oct. 14, 2015. Shown are, from left, cast members Monique Makhlouf , Carlos Holguin , and Barbara Ayarza, producer and cinematographer John C. Aliano, executive producer James R. McCoy, cast member Jaklin Guyumjyan , director Patrick Wirtz and cast member Tyrone Monique Makhlouf’s first stint as a student at the University of Nevada, Las Vegas was an intimidating experience fraught with challenges.

Ethics on the cards? Macau gaming industry considering code to boost image and revenue

Junket operators in talks with local officials to boost image and fortunes as former Portuguese enclave keeps reeling from anti-corruption drive The cut-throat world of Macau casino junkets is probably the last place one would look for ethical business practices, but with the industry struggling, unexpected things are happening. As they face an adapt-or-die challenge amid plans for tougher regulation and feel the effects of Beijing’s anti-corruption crackdown, junket operators in the former Portuguese enclave are in talks with the Macau government relating to the possible introduction of a code of ethics, the Sunday Morning Post has learned.

Short Wynn Resorts

Every market day, we select up to 20 of our authors’ top long and short ideas, exclusively for PRO subscribers. Despite an 8% after-hours drop, WYNN still looks overvalued, trading at over 20x 2015 EPS and a low-double digit to EBITDA in both Macau and Vegas.

Wynn Resorts, WalMart: One coin in the world economy

Big fish Chinese gamblers afraid of a corruption crackdown and poorly paid Walmart workers in the United States might seem to have little in common. But in the global economy, they are in some ways two sides of the same coin, and to understand that is to understand more than why the two disparate groups were blamed for horrendous earnings at two very different companies: Walmart and Wynn Resorts.

DraftKings, top Nevada gaming official trade barbs after ban

Nevada’s top gambling official struck back forcefully Friday at accusations by Boston-based DraftKings Inc. that his state banned daily fantasy sports contests because of pressure from the casino industry. The Nevada Gaming Control Board ruled Thursday that online cash prize games such as those offered by DraftKings and FanDuel Inc. of New York were essentially gambling, meaning the companies needed a license to operate there.