Nevada Casino Bosses Close Ranks to Support Republicans | This Week in Gambling - News | Scoop.it
Nevada casino bosses fundraise for Republican cause; Wynn Resorts seeks Joe Francis' assets; US legal tussles worry Asian legislators...



Monarch Casino & Resort Inc, which runs the Atlantis Casino Resort Spa in Reno, Nevada, saw net revenue grow 3.9% to $34.6m in Q1 2012. Operations income was up 7.4%, but adjusted EBITDA was essentially flat and hotel revenue was off 12.7% due to the cancellation of a significant convention.


A different significant get-together will go ahead as planned next Friday at Sheldon Adelson’s Venetian hotel in Vegas. Politico reported that Adelson is hosting a fundraiser at the Venetian on April 27th to benefit House Speaker John Boehner. Adelson’s family spent $15m on long-shot candidate Newt Gingrich for most of the Republican primary campaign, but now that Mitt Romney is seen as inevitable, Adelson is throwing his support behind the overall Republican cause. Recent disclosure filings indicate that Adelson has already given $5m to the Congressional Leadership Fund, a Boehner-related super PAC.


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