Gunned down after gambling $1 billion
MGM Resorts International has pitched a $1 billion downtown Atlanta casino complex as the state of Georgia mulls a bill to legalize casino gaming and authorize up to. Fliers have paid more than $ Billion in Baggage fees, up 10% from last quarter. The casino and resort operator will have spent over $ and recently announced a $1 billion P&G Just Keeps Letting Its Newest Board Member Nelson Peltz Down.
Peter Hoang: Vietnamese orphan, high-rolling gambler and crime syndicate money launderer
Bureau of Indian Affairs More From The Motley Fool. To casinos, though, video poker players are actually rather low value because the house edge, or mathematical advantage, is lower than for slot games: Army solder at the Rick Scott in an effort to stop the Miccosukee Tribe from getting the chance to turn a Kendall Lakes golf course
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More than 50 years after U. Subscribe to our Daily Digest e-mail. Native News Environment Politics. Miccosukee Tribe says not so fast. Florida -- Florida water managers say water running from conservation areas into the Everglades is cleaner than ever, reaching the lowest levels since clean-up efforts Army soldier outside the Miccosukee casino, and avoided criminal prosecution because he acted in self-defense Florida -- The Miccosukee tribe won an appeal Wednesday in a lawsuit filed by its former law firm, which accused the tribe of almost driving it out of business.
The Florida State Bar is recommending permanent disbarment for an attorney that made false claims and filed false lawsuits against Miccosukee Tribe The Miccosukee Tribe of Indians says Army soldier threatening and then charging at a car in the Miccosukee casino parking lot, spurring a Rudy Youngblood, 34, was allegedly verbally abusive Army solder at the Tribe, Member Urge 11th Circ. Fernando Duarte, 33, was killed outside Miami Those men appeared in court Tuesday morning.
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A small shared Bankstown apartment, an old sedan, a job as a waiter and dole payments— such was the world of Vietnamese refugee Peter Tan Hoang. Hoang, 36, was shot in the face in September while waiting on a darkened Sydney suburban street. His murder has police baffled, but has also shone a light on a massive money-laundering scheme for a global crime syndicate with links across Asia and the Americas. Hoang's story, his rise from a Vietnamese-born orphan living on a refugee visa to one of Australia's biggest gamblers and money launderers, also raises concerns about how he was able to rort the system for so long and for so much money — particularly at Australia's biggest casino, Crown in Melbourne.
Much of that money is the result of drug trafficking. Most federal crime agencies in Australia acknowledge they face an increasingly monumental struggle against global crime groups seeking to launder their multibillion-dollar narcotics profits here.
Within months he had applied for refugee status, under the name Minh Tan Nguyen. By he had become an Australian citizen, and changed his name twice more. By the time he had become a citizen he had already been banned from Sydney's casino, The Star. Law enforcement officials speaking to 7. Intelligence gathered by state and federal law enforcement agencies during the mid s suggests Hoang was involved with a group of Vietnamese-Australians that formed the Australian end of a Hong Kong-based crime group known as Ong Ngoai — or "grandfather" in Vietnamese.
Australian police have identified at least two dozen drug syndicates here with links to it. Michael Purchas was the brains behind Operation Gordian and spent months watching Vietnamese-Australian criminals, including Hoang, sell drugs and launder the profits. At the time Hoang was only a peripheral figure and managed to slip the police dragnet. He continued to be involved in heroin trafficking and other illicit drugs. The amount of money he laundered through casinos — primarily Crown — also increased.
At some point, you really need to know when to say enough is enough. For casino operator MGM Resorts , eighteen is the magic number. That's how many casinos it owns and operates around the world, and it says it's had its fill of building them. Well, so long as you don't count Japan. If that country finally passes the necessary integrated resort legislation to regulate casino gambling and MGM manages to win one of the two licenses expected to be issued, then it will build one more.
Otherwise, MGM Resorts is removing itself from the construction business. The casino operator has been on a tear. MGM will end up with nine casinos open in Las Vegas, six more sprinkled elsewhere around the country, and two in China. Fixing up its portfolio of properties on the Vegas Strip. Of all the casino operators, MGM Resorts is the one most heavily invested in Las Vegas, which is where it derives the lion's share of its revenue. Murren says it makes sense to focus the company's efforts there, since MGM "dominates" the market.
The caveat to all this is whether Japan comes through with a casino bill and MGM is successful in securing a license. The country's legislature approved the first enabling legislation last December, but further bills addressing the number of casinos to operate, siting, and regulation of operations all need to still be approved. There had been some concern the process would be set back when Prime Minister Shinzo Abe called for early elections, but he scored a stunning victory that seemed to pave the way for gambling's approval.
Assuming that happens, then it's a matter of vying for a license. MLCO has said it was willing to spend "whatever it takes" if it wins. Just the other day it said it would move its headquarters to Japan if it wins.
There are also local players as well, with an interest, such as slot machine maker Sega Sammy, which some analysts think might have a good chance of winning because of its strong brand in the region. All that still seems a long way off, and we will likely see MGM Resorts tending to its Vegas properties well before it begins building in Japan. That should free up more money to return to shareholders. More From The Motley Fool. Rich Duprey has no position in any of the stocks mentioned.