The Analyst | It is always a challenge to have a conversation with current and former Nevada Gaming Control Board agents, members or commissioners about contemporary topics. Not that they are unwilling to talk, but they are unwilling to be quoted.
The Analyst | After Steve Wynn’s recent resignation from his various officer and director positions at his name sake company, I was asked “why the various regulating bodies would even bother to investigate the various allegations around Mr. Wynn if he resigned from the company?”
The Analyst | In the fraternity of old gaming executives, when the Wall Street Journal story broke about the Steve Wynn allegations the phones lit up and the stories of the philandering’s of some of the since departed casino pioneers, owners and CEOs became the chat of the day.
The Analyst | Recent articles have stimulated questions from readers on the NBA seeking a piece of the action on sports wagering, Casino resort comps and the $70,000,000 in bad debt casinos reported through the Nevada Gaming Abstract for the 12 months ended June 30, 2017.
The Analyst | Three accounting events are impacting gaming operators this year. Two unexpected ones came from the surprise tax reform act passed in December and the expected one was a change to revenue recognition practices.