SectorWire
SearchRegister
MenuClose

Nevada Gaming Control Board investigates Fontainebleau credit approvals

Regulation

The Nevada Gaming Control Board is investigating Fontainebleau Las Vegas over credit approvals, an issue disclosed during a Nevada Gaming Commission hearing. The commission approved President Maurice Wooden’s licence for two years, while the board had recommended an unlimited licence; Fontainebleau described the matter as an ongoing audit.

The investigation and limited licence term put Fontainebleau’s credit controls and regulatory status under scrutiny.

Request a correction

Flag an issue

Keep reading

Regulation

Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets

Nevada Gaming Control Board Chairman Mike Dreitzer said on a podcast that prediction market operators such as Kalshi are running illegal sportsbooks, and that Nevada has no fallback plan if the Supreme Court sides with them. He urged tribes and licensees to hold firm, even though several tribes have partnered with Kalshi this month. The comments followed a CFTC interim rule of 9 October excluding casino-style gambling products from the definition of a swap, alongside a proposed rule covering event contracts.

Continue reading