Rapper Nelly was caught on tape recently for his part in a casino argument. The incident took place at Mohegan Sun casino in Connecticut earlier this month. He can be seen on TMZ arguing at a Texas Hold’em poker table with another player. Later, the heated discussion spills over to the table’s pit boss. Nelly apparently had an issue with how the one person at the table was playing his hands. He must have let him know about those feelings to start the heated discussion. That player took his chips and left the table. Nelly remained so it appears that the casino did not react to his outburst.
A Casino Stock Options Trader Remains Bullish on Wynn Resorts
The ongoing threat of the coronavirus has had a negative impact on select Las Vegas gaming companies. Major investments in the Macao region of China has dramatically reduced revenue at casinos in recent months. Three companies at the top of that list are Wynn Resorts, MGM Resorts and Las Vegas Sands. Wynn has the biggest stake in Macao and it has been impacted with the biggest losses. This is not stopping one options trader from hedging on future results. OptionsPlay’s Tony Zhang is betting on a brighter future for Wynn’s stock price with a strong earnings report at the end of March.
MGM Grand Detroit is Not Liable For $6 Million in Casino Losses
A group of investors decided to sue MGM Grand Detroit for negligence in more than $6 million in gambling losses. They first trusted that money to Gino Accettola. The contractor was given the funds to complete construction projects in Michigan and Florida. Instead, he decided to gamble the money at the casino. The original lawsuit in Wayne County Circuit ruled in favor of the casino. Recently, a three-judge panel in Michigan’s Court of Appeals upheld the decision. Accettola is currently serving a seven to 30-year jail term for various financial crimes. His gambling problem was first revealed at his original trial a few years back.
A Florida Casino Employees and Their Wives Guilty In $5.2 Million Theft
Four Miami couples are facing serious jail time after scamming a Florida casino out of $5.2 million. The crimes took place over a four and half year time frame from 2011 to 2015. All four husbands worked for Miccosukee Gaming in the video games department. With extensive knowledge of how Electronic Gaming Machines (EGM) work, they were able to create phony payment vouchers. The wives’ main roll in the scheme was to launder the cash. All eight defendants were found guilty of various crimes from embezzlement to money laundering. They will each be sentenced later this money into March with jail time expected.
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