..

Casino King James Packer Backs Out of Vegas Options

Written by:
Guest
Published on:
May/22/2017

Australian billionaire James Packer has confirmed he will exit talks to enter the lucrative Las Vegas casino market after putting land he owns on the market.

Mr Packer’s casino empire, Crown Resorts, has engaged commercial real estate company CBRE to list a 35-acre (14ha) parcel of prime real estate on Las Vegas Boulevard, according to the Australian.

John Knott, executive vice-president of CBRE, said the land was prime real estate. “This is one of the most exciting properties to become available in Las Vegas in a long time.”

Crown Resorts, through a subsidiary, purchased the parcel of land in 2014 with plans to develop the $2.5 billion Alon Las Vegas project.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Coinbase Readies Landmark Stock Market Listing

Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter.

Lithuania Dabbles in Crypto-Coin as Central Banks Look for Ways to Fend off Facebook

Lithuania Dabbles in Crypto-Coin as Central Banks Look for Ways to Fend off Facebook

Lithuania is about to issue the first central bank-produced digital coin in the euro zone, part of a project to trial state-backed digital currencies and blockchain technology in everyday use.

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens.

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday.

New Zealand Seizes $90M From Russian Bitcoin Fraud Suspect

New Zealand Seizes $90M From Russian Bitcoin Fraud Suspect

New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States.

Syndicate