Las Vegas strip. Image source: Getty Images. The gambling industry has been an interesting place over the past few decades. The rise of Las Vegas, boom and bust of Atlantic City, recent unstable growth in Macau, and a changing consumer and economic landscape have led to volatility for companies such as Wynn Resorts (NASDAQ: WYNN)…
Famous Las Vegas sports bettor Billy Walters scored a small win in his insider trading case this month as his scheduled March trial approaches. Federal prosecutors said that a FBI agent leaked confidential information to the press during the 2014 investigation into Walters, according to a report from The Wall Street Journal. He was charged…
By Michal Lev-Ram Photograph by Wesley Mann December 27, 2016, 6:30 AM EST How a computer mogul and a private-equity rising star paved the way for the Dell-EMC merger. Everythings bigger in Texaseven the deals. Just ask Michael Dell, founder and CEO of his namesake company, once the largest PC maker in the country. In…
The gambling industry has had its fair share of controversial incidents over the years and nothing is more controversial than a good old-fashioned court case with millions of dollars at stake. Here are our top 5 gambling court cases that have rocked the gambling world: Phil Ivey vs Crockfords Arguably the most famous gambling court…
Kelly Cheung Yin Sun was out for personal revenge against MGM Resorts, which was why she and Phil Ivey targeted the Borgata for their high-stakes baccarat edge-sorting spree in 2012. MGM owned 50 percent of the Borgata at the time, a stake it has since increased to 100 percent when it bought out Boyd Gaming…
Ten years from now the new gambling district in Japan, wherever it will end up being built, could be on the way to becoming the new Macau. As of last week, Japans parliament surprisingly legalized gambling in the island nation, despite the fact that opinion polls show that the Japanese public is against it. So…
Phil Ivey ordered to repay millions to casino over edge sorting scandal December 20, 2016 6:46am News Corp Australia Network Share Share on Facebook Share on Twitter Share on Google+ Share on Reddit TEN-time World Series of Poker bracelet wi… Read the full article at: http://www.news.com.au/sport/more-sports/phil-ivey-ordered-to-repay-millions-to-casino-over-edge-sorting-scandal/news-story/2690247418919900223ceb3dbe6e435e
Even in an era when you can order just about anything you want by smartphone at 4 a.m., there are plenty of legitimate businesses in the “city that never sleeps” that provide service the old-fashioned way in the wee hours. The Associated Press Wake up New York, there’s a whole hidden city out there…
When The Bachelor’s Sam Wood proposed to Snezana Markoski with a $50,000 diamond engagement ring last year, neither of them could have known the massive rock still actually belonged to someone else. The story of how Sam picked the ring began with a secret meeting between the ‘bachelor’ and Melbourne diamond merchant Ronnie Bensimon in…
When The Bachelor’s Sam Wood proposed to Snezana Markoski with a $50,000 diamond engagement ring last year, neither of them could have known the massive rock still actually belonged to someone else. The story of how Sam picked the ring began with a secret meeting between the ‘bachelor’ and Melbourne diamond merchant Ronnie Bensimon in…