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Tag Archives: Nevada Gaming Commission

US – Nevada regulator fines Wynn Resorts $20m for failure to ‘govern itself’

Wynn Resorts has been hit with a record fine of $20m by the Nevada Gaming Commission Nevada for its failure to properly ‘govern itself’ as its former CEO and Chairman Steve Wynn allegedly sexual harassed or assaulted several women working for the company. Wynn Resorts will retain its operating license by paying the settlement approved…

US – Paul Steelman approved to sell skill-based in Nevada

Las Vegas-based casino architect Paul Steelman has completed his move into machine manufacturing having been approved by the Nevada Gaming Commission to sell skill-based casino games in Las Vegas for Competition Interactive. The company, which debuted at last year’s Global Gaming Expo in Las Vegas, is a subsidiary of Mr Steelman’s architectural company. It has…

US – Nevada gives the green light for Penn’s Tropicana purchase

Penn National Gaming has received approval today from the Nevada Gaming Commission to complete the company’s planned $360m acquisition of Tropicana Las Vegas. The NGC’s approval represents the final step in the regulatory process to finance and acquire the property following earlier approvals in several other jurisdictions where the Company operates. Penn National plans to…

US – Nevada Gaming Commission slams Caesars’ bankruptcy as ‘embarrassing’

The Nevada Gaming Commission has slammed Caesars Entertainment’s US$18m bankruptcy plan as ‘embarrassing’ to the company itself and to the state of Nevada and ‘completely perplexing’ during a hearing held last week. Caesars is hoping to write off billions of debt by juggling its assets and placing its major operating division through Chapter 11 bankruptcy….

US – Blackstone approved for Cosmopolitan takeover

The Nevada Gaming Control Board has approved Blackstone Group, a private equity investment fund, to be licensed to buy Cosmopolitan Casino in Las Vegas. Blackstone said in May it wanted to purchase the Cosmopolitan from Germany-based Deutsche Bank for US$ 1.73bn. The company’s joint owner Tyler Henritze said: “We think there is a lot of…

US – Gamblit Gaming approved by Nevada Gaming Commission

Gamblit Gaming, a leading technology provider for real money gaming in video games, has receiving approval from the Nevada Gaming Commission to be licensed as a Distributor, Manufacturer of Gaming Devices, Manufacturer of Interactive Gaming Systems and an Interactive Gaming Service Provider. After successfully completing the extensive year-long application process, Gamblit Gaming will be allowed…