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Chris Sieroty Gaming Guru - Page 28Labor board upholds one complaint against Station Casinos, dismisses six30 June 2012
The National Labor Relations Board has upheld an administrative law judge's dismissal of six out of seven unfair labor practices allegations against Station Casinos, Inc., including a complaint made by the board itself last year.
The complaint was issued in October, a Station Casinos executive said Friday. ... (read more)
Comp meals must be taxed, state Tax Commission finds26 June 2012
The Nevada Tax Commission voted 5-2 on Monday to require payment of sales taxes on comped and employee meals - a move resort operators, restaurant owners and employees alike say will cut into profits as the tourist industry recovers from recession.
The state Department of Taxation on Feb. 15 said free meals to resort guests and workers should be taxable. ... (read more)
Cantor Fitzgerald seeks gaming license in Macau25 June 2012
Cantor Fitzgerald LP, which owns sports book operator Cantor Gaming, is seeking a gaming license in Macau as the company moves to expand its sports betting business beyond Nevada, a company executive said.
"We're in the process of getting licensed in Macau," Cantor CEO Howard Lutnick said in a recent interview with Bloomberg Television. ... (read more)
Court decision could have wide-ranging effect on tribes, casinos25 June 2012
A lawsuit seeking closure of the tiny Gun Lake casino in Michigan could have a major effect on the nation's Indian casino market, an industry that posted $26.73 billion in revenue in 2010, according to Casino City's Indian Gaming Industry Report. Analysts say this week's U.S. Supreme Court decision to remand the case to the U.S. ... (read more)
Regulators approve William Hill's Nevada gaming license22 June 2012
William Hill plc, Britain's largest bookmaker, was licensed to operate Thursday by the Nevada Gaming Commission, which unanimously supported its acquisition of three sportsbook companies.
William Hill last year agreed to pay $55 million for American Wagering Inc., which owns Leroy's; Brandywine Bookmaking LLC, owner of Lucky's, and Club Cal-Neva's sportsbook business in Northern Nevada. ... (read more)
Fertitta Interactive launching online Ultimate Gaming20 June 2012
Fertitta Interactive on Tuesday announced it will launch its real-money and social gaming company, Ultimate Gaming, an online gaming business it has been developing since its October acquisition of CyberArts Licensing LLC. "We view it as a global opportunity," Tom Breitling, chairman of Fertitta Interactive, said during an hour-long presentation. ... (read more)
Native American casino lawsuit allowed to proceed19 June 2012
The U.S. Supreme Court won't stop a lawsuit that aims to shut down an operating Native American casino, which was built and is now operating in Michigan under a seven-year contract with Las Vegas-based Station Casinos, Inc. The high court in an 8-1 ruling on Monday upheld a lower court decision that would ... (read more)
Ground breaking work begins on Rohnert Park casino19 June 2012
The Federated Indians of Graton Rancheria broke ground Monday on a $433 million hotel-casino in Northern California. The tribe received local approval recently to begin grading on 64 acres of the tribe's 254-acre reservation.
The tribe said the Rohnert Park casino project, a joint venture with Station Casinos, Inc., will create almost 900 construction jobs. ... (read more)
Wynn Resorts says Okada "recycles" allegations18 June 2012
Wynn Resorts Las Vegas responded on Friday to Kazuo Okada's motion for a preliminary injunction against the Las Vegas-based company by saying Steve Wynn's former business partner and one-time majority shareholder was recycling old allegations.
"Mr. Okada is recycling previous baseless allegations in the ... (read more)
Steve Wynn invests $15 million in Pie Face14 June 2012
Steve Wynn has bought a $15 million slice of Pie Face USA, a U.S. subsidiary of an Australia-based bakery-cafe chain known for meat pot pies.
Wynn acquired 43 percent of the issued and outstanding shares of Pie Face's common stock in a private placement. He also will appoint two of five directors to the company's board of directors, according to terms of the deal. ... (read more)
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