Sam Nazarian: “Sam loves Steve.”
– telephone exchange between Wynn and Nazarian, as retold by Sen. Harry Reid (D-NV) at today’s SLS Las Vegas press conference.
Matthew Eisenberg is no Jean Valjean. Still, that’s no excuse for levying upon him a fine that is 375 times the amount he stole ($200 in chips) from Rivers Casino. The fault lies not with Rivers but with Pennsylvania laws. In 2010, theft was added to the litany of casino-related crimes for which a first offense would result in a $75,000 fine. (Others included cheating and unauthorized operation of slot machines.) “What we’re doing here, we’re protecting the rights of the casino … the Legislature has placed the casino above everybody else in Pennsylvania,” Eisenberg’s lawyer argued unsuccessfully argued at trial.
However, he managed to get his case before the Pennsylvania Supreme Court, which unanimously found the 75K fine unconstitutional. The justices agreed with Continued >>
Any fears of antitrust litigation in the Scientific Games/Bally Technologies merger were put to rest yesterday when the two
companies announced they had cleared the Hart-Scott-Rodino Antitrust Improvements Act waiting period ahead of schedule. This is hardly equal to leaping the final hurdle but a high bar has been cleared. “The transaction remains subject to approval by Bally’s stockholders, receipt of certain gaming regulatory approvals and other customary conditions,” wrote Bally spokesman Mike Trask. “The news is not a surprise as we didn’t expect any major antitrust concerns given the increasing number of competitors in the space,” Union Gaming Group analyst Robert Shore told investors.
* Convicted felon Vaughan Perry hit the wrong sort of Continued >>