New York’s newest casinos are already struggling for survival, as an oversaturated market has cannibalized gaming revenue. Source: NYT > Business – Jesse McKinley
The Gambling Investigation Scrutinizing Xi Jinping’s High-Rolling Cousin
Ming Chai has been caught up in an Australian scandal examining organized crime, money laundering, immigration favors and Chinese political influence. Source: NYT > Business – Damien Cave and Alexandra Stevenson
Wynn Leaders Helped Hide Sexual Misconduct Allegations Against Company’s Founder, Report Says
The Massachusetts gambling regulator found that some executives “were part of affirmative efforts to conceal allegations against Mr. Wynn that came to their attention.” Source: NYT > Business – TIFFANY HSU and MOHAMMED HADI
Could New York City Get Real Casinos? State Leaders Are Listening
With upstate casinos struggling and the state facing budget woes, a plan to allow full-fledged casinos in New York City is being weighed as a solution. Source: NYT > Business – JESSE McKINLEY