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November 10, 2009

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User profile: DonnyC

Joined: Feb. 8, 2008

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Posted on: Owner of Tropicana is, in fact, being investigated

Why don't you try reading the Nevada statutes sometime? If you did, you'd see there are many other reasons -- not mentioned in your article -- for requlators to take disciplinary action against the Trop.

To be qualified for a gaming license in Nevada, you are required to be a "person of good character, honesty and integrity." [NRS 463.170]. The New Jersey Gaming Commission basically accused Trop execs of perjury. Doesn't that raise a question of whether Yung and the Trop are still qualified?

In addition, a licensee also is required to have "adequate business probity, competence and experience, in gaming..." [NRS 463.170] For a company teetering on the edge of bankruptcy, and widely viewed by most in the industry as running the Trop in Vegas and AC into the ground, there are real questions here as well.

Your argument seems to be because the Nevada regulators rarely ever take displinary actions against a licensee, there are no (or little) grounds to do so. But if you read the statute, you'd see that regulators have wide latitude. They choose not to take action because of they are politically controlled by the industry.

But to write that article, the chief apologist for the industry and regulators would bite the hand that feeds...

(Suggest removal) 2/8/08 at 5:17 p.m.

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