May 25, 2012
Re "Facebook IPO flop drawing increased scrutiny," May 23 The best that can be said for the U.S. Securities and Exchange Commission's continuing attack on "insider trading" is that it makes the market safer for the professional gamblers. The worst that can be said is that it deludes a public investor into believing that he or she has a chance to win. In reality, a public stock owner will always be the last to know and can only invest long after all the speculative gains have been taken by the guys who spend all day watching the computer screens and making flash trades.
CALIFORNIA | LOCAL
October 4, 2010 |
More than $69 million in California welfare money, meant to help the needy pay their rent and clothe their children, has been spent or withdrawn outside the state in recent years, including millions in Las Vegas, hundreds of thousands in Hawaii and thousands on cruise ships sailing from Miami. State-issued aid cards have been used at hotels, shops, restaurants, ATMs and other places in 49 other states, the U.S. Virgin Islands and Guam, according to data obtained by The Times from the California Department of Social Services.
January 6, 2012
CARSON CITY, Nev. — Nevada's largest casinos suffered a combined $4 billion loss in 2011. A report released Friday by the state Gaming Control Board shows 256 casinos grossed $1 million or more in gambling revenue for the fiscal year that ended June 30. Combined, they had total revenue of $22 billion and posted a net loss of $3.9 billion from the previous year. In 2010, the largest casinos had a net loss of $3.4 billion on total revenues of almost $20.9 billion. Total revenue includes money spent by patrons on gambling, rooms, food, beverages and attractions.
February 18, 2009 |
The operators behind the Agua Caliente Casino Resort are calling their splashy new 2,001-seat concert hall, the Show, nothing less than "the premier concert theater in Southern California." It's a bold claim, especially considering that the $76-million venue, which feels like a more intimate version of L.A.'s Nokia Theatre, sits outside of Palm Springs. Still, landing veteran rocker Billy Joel to christen the Show late last week was a significant get.
August 25, 2012
Re "A bad bet on Indian casinos," Editorial, Aug. 19 I understand concerns over the potential negative consequences if Indian gaming is permitted to expand to areas far from tribal lands. On the other hand, there is a valid question as to whether the prosperity of a tribe should depend on mere fortuity. There are far more impoverished Native Americans in California than there are those who are thriving. The conduct of the relatively fortunate few who have benefited from Proposition 1A and other changes in the law shows they have no intention of sharing their newfound wealth.
January 21, 2014 |
Two downtown Las Vegas casinos -- the D Las Vegas Casino Hotel and the Golden Gate Hotel & Casino -- will begin accepting bitcoin on Wednesday. The co-owned properties will welcome the digital currency at their hotel and gift shops but not for gambling, an announcement Tuesday said. The recently upgraded Golden Gate , Vegas' oldest hotel which opened in 1906, and the newish D represent part of the rise of the city's downtown area. Derek Stevens, chief executive of both casinos, acted after being approached by several customers who floated the idea of paying with bitcoin , he said in a statement.