Posts tagged "Las Vegas"
Deutsche Bank should insist on an immediate buyout of its Las Vegas casino stake through the Station Casinos IPO

Deutsche Bank should insist on an immediate buyout of its Las Vegas casino stake through the Station Casinos IPO

UNITE HERE has sent a letter to Deutsche Bank (NYSE: DB) to urge the bank to dispose of its non-core casino asset through the Station Casinos (Red Rock Resorts) IPO in order to boost its capital position and investor confidence. The letter can be viewed here. {read more}
Why Didn’t Station Casinos Disclose that an Affiliate of its Large Shareholder is a Felon?

Why Didn’t Station Casinos Disclose that an Affiliate of its Large Shareholder is a Felon?

UNITE HERE’s Las Vegas affiliate, the Culinary Workers Union, has called on the Securities and Exchange Commission (SEC) to require full disclosure of Deutsche Bank’s regulatory problems in Station Casinos Corp.’s registration for an Initial Public Offering (IPO), given gaming’s highly regulated nature. {read more}
Questions About Station Casinos

Questions About Station Casinos

We want to remind you of Deutsche Bank’s continuing ownership of 19 casinos in Las Vegas, Nevada. The bank did not disclose it owned casinos in its 2014 annual report, nor did it mention it in the recent announcement regarding anticipated impairment charges on October 7th. {read more}
Seth Waugh, CEO of Deutsche Bank Americas, steps down suddenly; the bank’s problems persist in the U.S.

Seth Waugh, CEO of Deutsche Bank Americas, steps down suddenly; the bank’s problems persist in the U.S.

This week Deutsche Bank announced that Seth Waugh, the CEO of its American operations, will be stepping down. Mr. Waugh has served as CEO of Deutsche Bank Americas since April 2000. No reason was given for his departure. But, in a Financial Times article, Waugh was quoted as saying he wanted to spend more time with his family. {read more}