By Howard Stutz The Nevada Independent The Nevada Gaming Commission approved Century Casino’s $195 million purchase of the Nugget Casino Resort in Sparks on Thursday, giving the Colorado-based company its first location in Nevada. Century executives said this month the transaction with Las Vegas-based Marnell Gaming is expected to close during the first week of … [Read more...]
Gaming regulators tentatively approve Century’s $195M purchase of Sparks Nugget
By Howard Stutz The Nevada Independent Nevada gaming regulators tentatively approved Colorado-based casino operator Century Casinos’ acquisition of the Nugget Casino Resort in Sparks, which would mark the company’s entry into the state. Century executives told the Gaming Control Board during a 90-minute hearing in Las Vegas Wednesday the Nugget would be the company’s … [Read more...]
Sparks Nugget fined $1M for money-laundering violations
The Financial Crimes Enforcement Network leveled some pretty serious charges against the Sparks Nugget Inc. dba as John Ascuaga’s Nugget on April 5 as it announced a $1 million civil penalty. According to FinCEN’s statement, the resort casino “admitted that it willfully violated the anti-money laundering (AML) provisions of the Bank Secrecy Act (BSA).” Casinos are required … [Read more...]