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Drones over U.S. may pose security risks
ATLANTIC CITY, N.J., Feb. 1 (UPI) -- An MGM Mirage spokesman said the company was negotiating to resolve a dispute with the state of New Jersey over a partner allegedly tied to organized crime.
The state has taken exception to MGM's deal with Pansy Ho, daughter of Stanley Ho, a casino owner reputedly connected to organized crime in Macau, the Las Vegas Sun reported Monday.
The state stands to lose a large investor, but MGM stands to lose its license to operate the Borgata casino in New Jersey over a deal Nevada has sanctioned, the newspaper said.
MGM owns half of the Borgata along with Boyd Gaming, which some analysts believe will buy the MGM out in New Jersey if the state insists on a public hearing, which could stir up the bad publicity.
For MGM it could boil down to leaving New Jersey or giving up on a partnership that also includes 50 percent of the MGM Grand Macau resort, where there is a huge potential for growth, the Sun said.
In New Jersey, the burden of proof is on those applying for a gaming license to prove they are operating above board.
"We have acknowledged we disagree with Gaming Enforcement but we are working together to resolve the matter," said MGM Mirage spokesman Alan Feldman.
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BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
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STERLING, Va., Feb. 10 (UPI) --
The U.S. subsidiary of Britain's Chemring Group PLC is supplying the Italian army with ground-penetrating radar to counter improvised explosive devices.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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