..

Nightlife Mogul Sam Nazarian Gives Up on Gambling License

Written by:
Associated Press
Published on:
Nov/10/2015
Nightlife Mogul Sam Nazarian Gives Up on Gambling License

 

LAS VEGAS (Associated Press) — Nevada gambling regulators won't have Los Angeles nightlife mogul Sam Nazarian to scrutinize anymore.

The Nevada Gaming Control Board recommended Wednesday to allow the entrepreneur to sell his 10 percent stake in the SLS Las Vegas casino-hotel on the Las Vegas Strip and withdraw his application for a gambling license. The recommendation would need separate Gaming Commission approval.

Nazarian endured a grilling from regulators last December about past drug use and business dealings. Nazarian was granted a limited year-long license and agreed to several drug tests in the past year and regular inspections of his emails.

Nazarian says the business plan that converts his SBE Entertainment Group's management contract to a licensing deal that allows the SLS name and other brands to be used, no longer requires a gambling license.

Press Releases News

All Bets Are Off If Ted Cruz Becomes President

Ted Cruz, Republican senator from the State of Texas, wants to be your President.  If elected, it will likely be bad news for the gambling industry--both for real casinos and for the nascent online gambling world.

PayPerHead.com Bookie Promo: Get 2 Weeks Free Live Wagering

One of the biggest names in the price per head industry has just released their newest offer for online bookies.

 

Exclusively from November 1st – 30th 2015 you can sign up for PayPerHead.com and get your first two weeks of live wagering completely free.

Syndicate