Raiders Were ‘Picking Adelson’s Pocket’ Over Stadium Deal, Says Spokesman

Raiders Were ‘Picking Adelson’s Pocket’ Over Stadium Deal, Says Spokesman

Sheldon Adelson withdrew a $650 million commitment to help develop a arena in Las Vegas for the Oakland Raiders after becoming frustrated aided by the team’s overreaching demands and signals that are mixed him during negotiations.

Mark Davis and Sheldon Adelson, pictured here in happier times, are not any longer working together regarding the $1.9 billion ‘Las Vegas Raiders’ stadium project. Adelson spokesman Andy Abboud had some words that are harsh the Raiders this week.

This is according to Andy Abboud, vice president of federal government relations and community affairs for LVS.

Abboud told the Las vegas, nevada Review-Journal, a magazine owned by his employer, Adelson, that the final straw came as soon as the Raiders took a proposed stadium rent contract to the nevada Stadium authority without informing the Adelsons.

No mention was made by the lease of the Adelsons being a partner, a turn of occasions Abboud describes as ‘stunning.’

‘I’m still trying to puzzle out what the hell they were thinking,’ Abboud said. ‘Had they told anybody ahead of time that they were likely to dump that document, even when they had told us, ‘We don’t want you in the deal anymore,’ if they had shown anyone that’s been involved in this process at all that document, we could have said, ‘What in the hell are you thinking?”

Commitment Issues

Four days after the ending up in the authority, on 30th, Adelson pulled his com Continue reading Raiders Were ‘Picking Adelson’s Pocket’ Over Stadium Deal, Says Spokesman

MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule

MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule

MGM Resorts posted improved fourth-quarter revenues in 2016 compared to the previous year, but the generated income fell far short of projections.

MGM Resorts CEO Jim Murren is encouraged heading in 2017 despite a disappointing fourth quarter for his company.

The Las Vegas-headquartered gaming and hospitality company reported net income of nearly $70 million for the final three months of the year. That translates to four cents per share, a far cry from the analysts’ consensus estimate of 21 cents for the quarter.

Though the company’s new property in Washington, DC, appropriately named National Harbor, brought in big money for MGM, and performance improved at the conglomerate’s 10 venues in Las Vegas and Atlantic City’s Borgata, the convention space underperformed.

Regardless of coming in well under fiscal expectations, CEO Jim myfreepokies.com Murren painted the earnings data in a rosy light.

‘The achievement of key financial and strategic milestones demonstrates our continued focus on driving profitability,’ Murren said in a release. ‘We are excited about the outlook for 2017.’

Investors on Wall Street don’t normally take the bait, and value numbers over words. Traded on the New York Stock Exchange, shares of MGM Resorts fell as much as nine percent following the financial announcement.

For the complete year, MGM generated a net income of $1.24 billion, or $1.94 per share. That’s a substantial im Continue reading MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule

Brandon Steven, 2010 WSOP Main Event Top-10 Poker Player, Subject of Federal Investigation

Brandon Steven, 2010 WSOP Main Event Top-10 Poker Player, Subject of Federal Investigation

Kansas businessman and well-known poker player Brandon Steven is under surveillance by the US Department of Justice (DOJ), and he apparently wants the world to know about it.

Millionaire Brandon Steven is one of the best poker players who doesn’t consider it his profession, but his casino and gambling activity has now put him at the center of a DOJ probe.

Media outlets in Kansas have published a letter this week provided by Steven that clearly shows his involvement in a federal investigation. According to the document, the DOJ’s District of Kansas office revealed to the businessman that a telephone line he’s been utilizing was wire tapped for 30 days between May 14 and June 13, 2015.

Steven says the federal probe relates to his involvement with trying to build a casino in southeast Kansas, as well his routine playing of high-stakes poker. He explained to the Wichita Eagle that he’s fully cooperating and has committed no wrongdoing, nor have any charges or allegations been levied at him.

Steven is certainly no stranger to the poker circuit. He’s amassed over $3.1 million in live tournament earnings since 2006, and finished 10th at the 2010 World Series of Poker (WSOP) Main Event for a win of $635,011. His distinguished poker resume includes 14 WSOP cashes.

No Crime Committed

The DOJ letter doesn’t assert any criminal misconduct, but simply informs Steven that he’s been watched.

‘This notice Continue reading Brandon Steven, 2010 WSOP Main Event Top-10 Poker Player, Subject of Federal Investigation