Billions Lost from Macau Casino Lockdown

This week’s gambling news focuses on the Macau casino lockdown from the latest Coronavirus outbreak. Casinos there just reopened, but travel restrictions have already cost them millions, and will probably cost them billions, and is already costing Las Vegas gaming companies like MGM Resorts, Wynn Resorts, & Las Vegas SandsContinue Reading

Nevada: Several major real estate deals including Strip casinos reportedly resulted in lost transfer taxes due to 2007 law change

Some of Las Vegas’ biggest real estate deals have resulted in no transfer taxes, an investigation by Las Vegas Review-Journal found. At least $27.5 billion worth of transactions, mostly on or near the renowned Strip, have closed since 2007 without publicly reporting tax payments routinely levied on home purchases. The dealsContinue Reading