Robin Camacho
Las Vegas Real Estate
David McKee
Stiffs & Georges
Jean Scott
Frugal Vegas
Cannery Casino Resorts (29) [RSS]
Melco Crown Entertainment (29) [RSS]
Morgans Hotel Group (32) [RSS]
Pinnacle Entertainment (60) [RSS]
Tropicana Entertainment (90) [RSS]
World Series of Poker (6) [RSS]
Illinois: No country for big casinos
JohnTerez said: What your name? , <a href="http://pdabooks.org/membe... noir wine&l... [More]
Nevada: The Stupid State
PortoM0n said: Don't go far away. , <a href="http://cool-wallpapers.ev... cool wall... [More]
They burned the Monte Carlo ... and may get away with it
JohnTerez said: Try see it. , <a href="http://smart.fm/lists/152... glass supplies</a>... [More]
Nevada: The Stupid State
PortoM0n said: Hi brothers and sisters! , <a href="http://boxesandarrows.com...... [More]
They burned the Monte Carlo ... and may get away with it
SoloJ3ss said: Great... , <a href="http://boxesandarrows.com... to make deer a... [More]
Enter your email address to subscribe to this blog.
alex yemenidjian ameristar animals architecture atlantic city australia baseball boulder strip boyd gaming california cannery casino resorts carl icahn charity cirque du soleil citycenter colony capital colorado columbia sussex cosmopolitan current detroit dining don barden donald trump downtown economy election encore entertainment environment florida fontainebleau g2e george maloof harrah's harry reid herbst gaming horseracing igt illinois indiana international internet gambling isle of capri james packer kansas kentucky labor lake tahoe laughlin lawrence ho louisiana lvcva m resort macau marketing massachusetts melco crown entertainment mesquite mgm mirage michael gaughan mississippi missouri monte carlo fire morgans hotel group movies neil bluhm ohio oscar goodman penn national pennsylvania pets phil ruffin pinnacle entertainment planet hollywood politics problem gambling regulation reno riviera sahara sheldon adelson singapore sports stanley ho station casinos steve wynn tamares group taxes technology the strip tilman fertitta tourism transportation tribal tropicana entertainment tv wall street
Posted At : February 28, 2008 04:52 PM | Posted By : D McKee
Related Categories:
MGM Mirage,Harrah's,The Strip,Taxes
That's what Nevada gaming regulators, of all people, are saying about the burgeoning Pure/LAX scandal. Worrisome statements include this observation from an anonymous casino executive: “It’s like running a casino without cash cages, cameras, people wearing jumpsuits without pockets and controlled access." When the circumspect Nevada Gaming Control Board is throwing around the 'M' word, you know things are very bad indeed.
Sound like an opportunity for vast sums of money to go missing, especially with thousands of dollars in cash routinely changing hands? Yeah, I thought so. As for the establishments themselves, the authors note that, "Some clubs share revenue with the casino."
Which could very well mean that ill-gotten or (more likely) unreported revenue that's found its way into nightclub coffers could then have passed into casino ones. Either way, casino executives undoubtedly share the sentiment of the Pure Management mouthpiece who prayed for "a quick and satisfactory solution." Otherwise, this could turn into an IRS big-game safari like few we have ever seen and a boon for forensic accountants all across America.
Small wonder that MGM Mirage executives are described as "shaken." By contrast, Harrah's Entertainment takes a "What, me worry?" view of the matter; a sanguine stance that could prove complacent unless l'affaire PMG blows over real fast.
We'd call it a "lax" attitude ... but that would be unkind.
Print | 
Send to Friend | 
del.icio.us | 
Digg It! | 
Linking Blogs |
There are no comments for this entry.
[Add Comment]