The Financial Crimes Enforcement Network is stepping up efforts to ensure casinos comply with anti-money laundering efforts. Experts say the use of player cards at casinos is one of the most efficient tools against money laundering, because the cards track player habits.
Animal rights activists sent a letter protesting a panda exhibit at Resorts World Las Vegas, but casino executives said plans for the exhibit had already been scrapped. Resorts World, owned by Malaysia's Genting Group, is slated to open in 2019 on the Las Vegas Strip.
With 18 employees being detained in China for alleged gambling-related crimes, Australian casino operator Crown Resorts Ltd. is proceeding with plans to sell some domestic hotels. Funds raised from an initial public offering of 49% of an entity holding the Crown Metropol and Crown Promenade hotels would go to development projects.
Gross gaming revenue for Macau's Live Multi Game stadiums rose 16% for the third quarter year over year, marking the fastest growth in the mass-market segment. Meanwhile, slot machine revenue decreased 3% for the quarter year over year.
Developers behind a proposal to transform an unused movie theater in East Hartford, Conn., into a tribal casino released details of the project last week. Proposals were due over the weekend to the Mohegan and Mashantucket Pequot tribes, which plan to jointly run the casino.
Stephen Crosby, the chairman of the Massachusetts Gaming Commission, favors an omnibus approach to multiple forms of online gaming. That would get rid of the chance-versus-skill test commonly used in regulating online gaming.
The Nevada Gaming Control Board held a workshop recently about a proposal to close a loophole on reporting winnings to the IRS for patrons of satellite sports gaming facilities. The board decided to review this effort to prevent money laundering with its audit division, as well as its tax and license divisions.
Experts say the Trump Taj Mahal casino in Atlantic City could reopen at some point under a different name. Owner Carl Icahn closed the casino's doors Monday, saying an ongoing dispute with the casino's union blocked a "path to profitability."
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