B Spot Online Casino ent of a casino in Nevada are subject to scrutiny from gambling regulators as a matter of course. A 5 percent stake demands a reporting requirement. In the case of Galaxy, NGCB has used its discretion to decide to pursue due diligence. seminole casino age “As is its ordinary course, the Nevada Gaming Control Board engages in a due diligence process for any shareholder approaching a reporting requirement,” NGCB chairwoman Becky Harris said in an email to Bloomberg on Friday. jackson rancheria casino is it open seminole casino credit LVS AllegationsOn Thursday Wynn Resorts announced that former majority shareholder Steve Wynn had divested his entire stake in the company. desert diamond casino from my location The founder and former chairman and CEO stepped down in early February amid allegations of sexual misconduct against his staff, allegedly spanning decades. caesar casino new albany indiana As several jurisdictions began investigations into Wynn’s own suitability as a casino owner, he sold his stock to safeguard the company’s licenses.

Hong Kong-based Galaxy is the second biggest operator in Macau, after LVS’ Sands China. sam s town casino reviews miami club casino online It’s possible the NCGB’s curiosity may have been piqued by the company’s past reliance on the junket industry, which, according to an LVS executive, was once controlled by triads. In 2002, LVS teamed up with Galaxy Entertainment Group as a management partner, to push for a gaming concession in Macau, but LVS ultimately broke off the relationship. In 2007, former president of LVS William Weidner told a Nevada courtroom that was because “these guys want to do VIP rooms the way tblack bear casino hotel cloquet minnesotahey … do them in Macau where the … triad guys run them because they’re the only ones that can grant and collect credit in mainland China, and they smuggle the renminbi across the border. ”LVS Chairman and CEO Sheldon Adelson made similar comments in 2013, prompting Galaxy to issue a filing with the Hong Kong stock exchange objecting to “certain inaccurate statements. kansas star casino fined ”Deal OK’d in MacauSince then, however, Chinese President Xi Jinping’s corruption crackdown has forced Macau to regulate the junkets more stringently. mychoice casino promo code 2021 Mgm Casino Restaurants Hftc today it’s unclear just how much influence triad organizations still have on the junket industry, if any at all – nor is there any reason to believe Galaxy has ever done business directly with any such organizations.

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The NGCB is likely to look into the LVS allegations, nevertheless. kansas star casino win lob statement blackjack casino louisiana live casino betting Meanwhile, the Macau gaming regulator announced on Friday that the Wynn-Galaxy deal did not breach local gaming law. Mohegan Sun Casino Atlantic City Nipo Macau gaming operators, and shareholders who own more than five percent of Macau gaming companies, are prohibited from holding a stake of 5 percent or more in other local gaming companies. Mohegan Sun Casino Executives Trsd The regulator noted that the sale of shares was for less than five percent adding that because Galaxy has bought into Wynn Resorts and not Wynn Macau, the law did not apply. lucky creek casino mobile login SLS Las Vegas, the north Strip casino resort that has struggled financially since it was re-envisioned from the Sahara in 2014, is undergoing further changes in what will hopefully reversblack bear casino hotel cloquet minnesotae the property’s recent fortunes. Passing through the northern end of the Strip? Wave goodbye to the “blob” at SLS Vegas, as he/she/it won’t be there much longer.

(Image: SLS Las Vegas)New owner Alex Meruelo told the Nevada Gaming Commission (NGC) last week that he’s going to spend 0 million to revitalize the resort. thunder valley vs hard rock casino Meruelo’s undisclosed acquisition of SLS Las Vegas from Stockbridge Capital was recently completed after receiving final approval from state regulators. Meruelo told the NGC about the renovation, “The capital investment is something that will make a dramatic impact. royal ace casino no deposit bonus codes 2020 Things are turning around. I am very optimistic. ”The money will be spent over several years, Meruelo said. Kansas Star Casino Roulette Kqoo The 1,600 hotel rooms will be upgraded, the pool will be redesigned, and the casino floor will be refreshed and feature scarlet pearl casino ms