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May 24, 2013

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MGM submits thick bid for Prince George’s casino, shares few details

(via Washington Post)

Comment With a splash of Las Vegas showmanship, MGM Resorts on Thursday submitted to Maryland officials its proposal to build and operate a high-end casino in Prince George’s County. Ornate boxes containing multiple copies of the company’s bid documents were on display at a morning news conference at National Harbor, where MGM proposes to build the casino.

Hedge fund impresario plays host in Las Vegas

(via New York Times)

Comment Just outside the grand ballroom at the Bellagio hotel early Wednesday morning, Anthony Scaramucci, the backslapping host of the country’s largest hedge fund conference, spotted Gregory J. Fleming, president of Morgan Stanley Investment Management and one of Mr. Scaramucci’s most important business relationships.

Ninth Circuit vacates fair use finding in Righthaven case

(via Bloomberg)

Comment The U.S. Court of Appeals for the Ninth Circuit sealed the fate of copyright enforcer Righthaven LLC today by ruling that the minimal "right to sue" copyright assignments that Righthaven acquired from newspaper publishers did not confer standing to sue third parties for copyright infringement.

Besides political contributions, Sheldon Adelson donates millions for medical research

(via The Center for Public Integrity)

Comment As casino mogul Sheldon Adelson buoyed Republican politicians with unprecedented riches, he quietly funded warfare on a decidedly apolitical enemy: cancer.

Caesars CEO: South Mississippi needs more visitors, non-casino amenities

(via SunHerald.com)

Comment Get over the idea the next casino to open will be bigger and better, Gary Loveman, CEO of Caesars Entertainment, said Wednesday at the Southern Gaming Summit.

Feds drop hacking charges in video-poker glitching case

(via WIRED)

Comment WIRED reports that prosecutors targeting two men who took advantage of a software bug to win a small fortune at video poker have dropped all hacking charges from the case.

Step aside Harry Reid, Bryce Harper now most powerful Nevadan in Washington

(via Roll Call)

Comment Senate Majority Leader Harry Reid will need to reconcile the fact that he’s no longer the most powerful Nevadan in Washington.

MGM confirms plans to bid for Prince George’s County casino

(via Washington Post)

Comment Officials from MGM Resorts on Wednesday confirmed that the company will bid this week for a license to build and operate a new casino in Prince George’s County.

Dow tops 15,000, but not all rejoice: Our view

(via USA Today)

Comment What's not to like about a stock market that won't quit? On Tuesday, the Dow Jones industrial average, the 117-year-old index of blue chip equities, closed above 15,000 for the first time. It has risen nearly 15% this year, and a staggering 130% since the Great Recession bottom in March 2009.

In quest for new revenue, casino bosses turn Sin City into Club City

(via The Washington Post)

Comment To step into club XS at the Wynn Las Vegas is to enter the dreamscape of a modern artist with fetishes for gold and bronze and bodies in motion. A golden-plated frieze made from casts of nude women sits atop a shimmering staircase. Waves of electronic dance music grow louder with each downward step toward a pulsating, football field-sized club ...

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