Latest news with #Casino
CTV News
a day ago
- Automotive
- CTV News
Casino Regina to demolish parkade due to structural issues
Casino Regina is seen in this photo taken Feb. 10, 2014. Casino Regina will be tearing down it's parkade following the discovery of structural problems. The upper deck of the two-level parkade has been deemed unsafe. The 490-stall parkade was built in 2001 at a cost of $7 million. The cost of repair was estimated at $8 million. Instead, it is being demolished and will be replaced by a parking lot for 370 vehicles. Lotteries and Gaming Saskatchewan spokesperson Brian Miller says the state of the parkade came as no surprise. 'Well back in 2001 when the parkade was built, the depreciation period for the structure was set at 25 years which is in one year from now,' he said. 'So right around this time there was an expectation even then that some decisions might have to be made in terms of, do you spend more money to extend the life of the structure or in this case we've decided to knock it down.' The demolition and creation of a parking lot will cost $3 million – less than half of what it would cost to repair the parkade structure.
Reuters
a day ago
- Business
- Reuters
MGM Resorts quarterly revenue rises on sports betting strength
July 30 (Reuters) - Casino operator MGM Resorts International (MGM.N), opens new tab on Wednesday reported a rise in second-quarter revenue, driven by strong performance in its online sports-betting operations as well as its China unit. The company's China unit reported a 9% revenue growth at $1.11 billion as its casinos in the region generated more revenue from participations in main floor and VIP table games. Revenue from its regional operations segment, which encompasses casinos in U.S. markets outside Las Vegas, also rose 4% to $964.6 million. Its digital unit, which offers online gaming product offerings such as iGaming, as well as digital slots, table games, live dealer and online sports betting, recorded a 14% revenue growth to $163.9 million. There has been a surge in demand for online gambling, especially in sports betting, in the last few years, benefiting companies such as MGM Resorts and Caesars Entertainment (CZR.O), opens new tab. Caesars had posted a narrower loss on Tuesday, while BetMGM, MGM's sports-betting joint venture Entain (ENT.L), opens new tab, had also raised its annual forecast due to strong demand in online sports betting and its iGaming division. However, MGM Digital's adjusted operating loss widened, and weighed on the company's overall earnings. MGM Resorts' adjusted per-share profit for the second-quarter came in at 79 cents, compared to 86 cents, a year earlier. Total revenue rose 1.8% to $4.40 billion for the quarter ended June 30, from $4.33 billion a year earlier.
Yahoo
2 days ago
- Yahoo
Former NBA player Morris arrested on fraud charge: reports
Former NBA player Marcus Morris has been arrested on a felony fraud charge after being accused of bouncing two checks worth a combined $265,000 at Las Vegas casinos, according to multiple reports Tuesday. Las Vegas television station KLAS and celebrity website TMZ reported that Morris got $150,000 from Wynn Hotel and Casino in June 2024 and also wrote checks for $115,000 to the MGM Grand Hotel and Casino in May of last year. Morris, who has appeared as a guest analyst on ESPN, was arrested Sunday at an airport in Florida on a warrant from Nevada and will be extradited to Las Vegas, according to Clark County court records seen by KLAS. The 35-year-old American faces one charge of drawing and passing a check without sufficient funds with intent to defraud more than $1,200 and a theft charge for $100,000 or more. While he did not play last season, Morris spent 13 seasons in the NBA from 2011-2024 with Houston, Phoenix, Detroit, Boston, New York, the Los Angeles Clippers, Philadelphia and Cleveland. He had career averages of 12.0 points, 4.4 rebounds and 1.5 assists a game. Markief Morris, the twin brother of Marcus who played for the Los Angeles Lakers last season, posted on X about the situation, saying: "The wording is crazy. Damn for that amount of money they'll embarrass you in the airport with your family." "They got y'all really thinking bro did some fraud... They could have came to the crib for all that." Yony Noy, the agent for Marcus Morris, called the situation "absolute insanity." "Just so everyone understands this is zero fraud here," Noy posted on X. "This is due to an outstanding marker with a casino. Apparently if you have over $1,200 they can issue a warrant for your arrest." js/mlm
Time of India
2 days ago
- Time of India
What did Marcus Morris Sr. do? NBA pro arrested over alleged casino fraud and denied bond in court
, a former forward for the Boston Celtics, recently landed himself in hot water. This is because it was alleged that he stole over a quarter of a million dollars from Las Vegas casinos. Tired of too many ads? go ad free now He appeared in a Florida courthouse over the weekend for the first time since his arrest. The NBA player's case did not go well, though, as the court rejected the bond. Marcus Morris Sr. faces serious legal trouble over alleged $265K casino fraud Marcus Morris allegedly received $115,000 from the MGM Grand Hotel and Casino in May 2024 through fraudulent checks. Additionally, according to TMZ, he never reimbursed the money after the checks bounced. The pro carried out a similar scam at the Wynn Las Vegas Hotel and Casino approximately a month later, in June 2024, according to the officials. There, he reportedly earned over $150,000 using cheques he allegedly knew would not be cashed. As per the documents, earlier this year, two different arrest warrants were filed for the player. Due to the warrants for his alleged , he was arrested on Sunday at the Fort Lauderdale-Hollywood International Airport in Florida. An out-of-state criminal warrant for signing a fraudulent cheque led to his arrest. Since then, he has stayed in jail awaiting extradition. During a case hearing on Tuesday, Marcus Morris' attorneys asked for a bond so that he could better comprehend the circumstances. The NBA player was currently paying off his Nevada debts, and the lawyers told the judge that his release would expedite that process. The judge, however, denied the bond request. They further stated that until the arrest warrants were revoked or he was given over to the Nevada for extradition, they would not release him. Tired of too many ads? go ad free now Marcus Morris arrived at the court in handcuffs and a jumpsuit provided by the prison. Marcus Morris recently appeared in court (Image via Instagram / @foestar13) The basketball player and his team are now seeking a resolution well in advance of his next hearing, which was set for late August. According to the county's Clerk of Courts website, he was also detained without bond at the Broward County main jail, and an extradition hearing was set for Monday. The 35-year-old forward is currently dealing with one of his most challenging off-court problems to date. His arrest has created a stir in the league because he is still an unsigned free agent and has only recently begun his transition into a media career. Also read:
New York Post
2 days ago
- New York Post
Ex-Knick Marcus Morris Sr. allegedly stole over $250K from casinos, denied bail in fraud case
Marcus Morris Sr. isn't off the hook. The NBA player, a former Knick, was denied bond Tuesday after he allegedly received $265,000 from two major Las Vegas casinos in 2024 through bad checks that he did not pay back when they didn't cash, according to TMZ. Morris allegedly got $115,000 from the MGM Grand Hotel and Casino and $150,000 from performing a similar scam at the Wynn Las Vegas Hotel and Casino. Advertisement 3 Marcus Morris Sr.'s mugshot after being arrested on fraud charges on Sunday. The 35-year-old has been in custody in Broward County, Fla., since Sunday. Morris' attorneys asked that he be granted bond in order to handle his debts, which they told the judge that Morris was in the process of paying. Advertisement His lawyers argued that releasing him would allow him to expedite paying back the Las Vegas casino debts, but the judge denied these requests and said Morris would only be released if it were to Nevada authorities for extradition or if the arrest warrants were dropped. Morris' arrest came on Sunday at Fort Lauderdale-Hollywood International Airport as he was booked on a charge of fraud — insufficient funds check charge. Morris' agent, Yony Noy, seemed to imply that Morris' debts were far smaller. 3 Marcus Morris #13 of the New York Knicks scored two at AT&T Center on October 23, 2019. Getty Images Advertisement 'Just so everyone understands this is zero fraud here or whatever crap outlets have said regarding fake checks or whatever the hell,' Noy posted Sunday to X. 'This is due to an outstanding marker with a casino. Apparently if you have over $1,200 they can issue a warrant for your arrest. Absolute insanity!' Morris' twin, Markieff, also expressed his annoyance. 'The wording is crazy. Damn for that amount of money they'll embarrass you in the airport with your family,' Markieff wrote on X. 'They got y'all really thinking bro did some fraud s–t. They could have came to the crib for all that. When y'all hear the real story on this s–t man. All I can say is Lesson learned. Bro will tell y'all tomorrow. This weird s–t gave me a headache. Can't stop nothin!' 3 Marcus (left) and Markieff Morris stand next to each other mid-game. Getty Images Advertisement Markieff was in attendance at the hearing Tuesday, and Marcus another hearing scheduled for late August. While he hasn't officially retired from the NBA, Morris hasn't played since the 2023-24 season and has since made regular appearances on ESPN's 'First Take.' After being drafted 14th overall in 2011, Morris has spent his 13-year career with eight different teams, including the Knicks, when he averaged a career-high 19.6 points per game in the 2019-20 season.
