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Tag: Vegas

Las Vegas Strip empty without conventions

October 10, 2020
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Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

When the rodeo left Las Vegas, it removed the last big event this year that could have re-energized the city’s Strip and battered convention business.

The Professional Rodeo Cowboy Association’s National Finals Rodeo, held in Las Vegas since 1985, moved to Arlington, Texas, in September because of Nevada’s pandemic restrictions. The 10-day rodeo attracted 170,000 fans last year and ranks as one of Las Vegas’s top draws annually.

As other states have opened more swiftly, Nevada’s public-health restrictions and a weakened travel industry have kept conventions and meetings from returning to Las Vegas, a continuing setback for the city’s battered casino industry and the state’s overall economy. City officials and event producers say they expect Las Vegas’s convention business to return as coronavirus concerns ease, but no one knows when that might be or how conventions will

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ROSEN, A LONGSTANDING AND TRUSTED LAW FIRM, Continues to Investigate Securities Claims Against Las Vegas Sands Corp.

October 3, 2020
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NEW YORK, Oct. 2, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Las Vegas Sands Corp. (NYSE: LVS) resulting from allegations that Las Vegas Sands may have issued materially misleading business information to the investing public.

Rosen Law Firm, P.A. Logo
Rosen Law Firm, P.A. Logo

On September 16, 2020, Bloomberg reported that the Company’s Singapore casino, Marina Bay Sands, “has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties[.]” Further, the article quoted Singapore’s Casino Regulatory Authority stating “there were weaknesses in [Marina Bay Sands’] casino control measures pertaining to fund transfers[.]”

On this news, Las Vegas Sands stock price fell $2.18 per share, or 4%, to close at $49.67 per share on September 16, 2020.

Rosen Law Firm

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Preakness 2020: Prize Money Purse, Latest Vegas Odds Payouts and More | Bleacher Report

October 2, 2020
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| money

Jockey John Velazquez riding Authentic, right, crosses the finish line to win the 146th running of the Kentucky Derby at Churchill Downs, Saturday, Sept. 5, 2020, in Louisville, Ky. (AP Photo/Jeff Roberson)

Jeff Roberson/Associated Press

The 2020 Preakness Stakes will be held Saturday without spectators at Pimlico Race Course in Baltimore to close out an unprecedented Triple Crown season.

Authentic returns after winning the Kentucky Derby in early September. A rematch with Tiz the Law won’t happen Saturday, however, as the Belmont Stakes winner’s connections have instead pointed their colt toward the Breeders’ Cup Classic in November.

It’s still a talented field of three-year-old contenders with several legitimate challengers to Authentic. Let’s check out all of the key information for race day followed by a preview of the Run for the Black-Eyed Susans.

          

Key Information

Where: Pimlico Race Course in Baltimore, Maryland

When: Saturday, Oct. 3 at 5:45 p.m. ET

Watch: NBC

Live Stream: NBC Sports Live

Prize Money: $1 million purse

         

Field and Odds

1. Excession: 30-1

2. Mr. Big News: 12-1

3. Art Collector: 5-2

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Feds: Fraudster blew $30K in Vegas with virus loan money

September 26, 2020
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| money

PROVIDENCE, R.I. — A convicted bank robber from Rhode Island fraudulently obtained $600,000 in forgivable federal business loans and spent $30,000 in Las Vegas before being caught, federal prosecutors said Tuesday.

Michael Moller, 41, of Middletown, was held without bail pending trial at an appearance Tuesday in federal court.

Moller in April filed for $4.7 million in loans through the Paycheck Protection Program to pay employees at businesses he said were based in Fall River, Massachusetts, prosecutors said. There was no evidence those businesses existed, authorities said.

In addition to filing for loans in his own name, he applied for loans using his father’s name, his girlfriend’s brother’s name, and his girlfriend’s son’s name, authorities said.

The federal program’s funds are intended for businesses struggling because of the coronavirus pandemic.

He actually received $600,000 through the program, and spent $30,000 of it on a trip to Las Vegas, authorities said.

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