A former commodities manager at Royal Caribbean Cruises was indicted on charges of defrauding the Miami-based cruise giant of more than $600,000 by setting up a phony company and overcharging his employer for fuel.
Jamil Murni, 60, of Houston, was charged with nine counts of wire fraud and one count of money laundering in an indictment in federal court in Miami.
Murni, who was arrested on the charges, couldn't be reached for comment.
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Sunday, February 28, 2010
Fortress Said to Be Near Intrawest Debt Restructuring Deal
Feb. 27 (Bloomberg) -- Fortress Investment Group LLC has agreed with lenders on the outline of a debt restructuring for Intrawest ULC, owner of Olympic downhill skiing resort Whistler Blackcomb, said a person with knowledge of the talks.
Under the plan, Intrawest’s $1.2 billion of debt would be divided into a senior tranche of $800 million and a mezzanine tranche of $400 million, said the person, who declined to be identified because the discussions are private. The parties have set an April 16 deadline to complete negotiations.
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Under the plan, Intrawest’s $1.2 billion of debt would be divided into a senior tranche of $800 million and a mezzanine tranche of $400 million, said the person, who declined to be identified because the discussions are private. The parties have set an April 16 deadline to complete negotiations.
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Wynn Resorts loses $5.2M in 4th qtr, earns $20.7 million for 2009
LAS VEGAS (AP) — Casino operator Wynn Resorts Ltd. said Thursday that rising revenue at its resort in China's gambling enclave of Macau helped narrow its fourth-quarter loss to $5.2 million.
The quarterly profit also got a boost from Wynn's new Encore Las Vegas resort, which opened in December 2008. In the quarter ending that month, it lost $159.6 million.
But 2009 overall was harder than 2008 for billionaire CEO Steve Wynn's casino empire, as casino customers kept their spending in check during the recession. The Las Vegas-based company earned $20.7 million, or 17 cents per share, for the year, compared with $210.5 million in 2008.
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The quarterly profit also got a boost from Wynn's new Encore Las Vegas resort, which opened in December 2008. In the quarter ending that month, it lost $159.6 million.
But 2009 overall was harder than 2008 for billionaire CEO Steve Wynn's casino empire, as casino customers kept their spending in check during the recession. The Las Vegas-based company earned $20.7 million, or 17 cents per share, for the year, compared with $210.5 million in 2008.
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Casino operator MGM Mirage, lenders agree to extend maturity on $3.6B in debt
LAS VEGAS (AP) — Casino operator MGM Mirage said Friday it has reached an agreement with lenders to extend the deadline for repaying about $3.6 billion of its debt to February 2014.
The move gives the Las Vegas company a bit more leeway as gamblers visit casinos less often and spend less on each trip. It has nearly $13 billion in outstanding debt.
MGM Mirage owns the most casinos on the Las Vegas Strip and is the world's second-largest gambling company by revenue after Harrah's Entertainment.
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The move gives the Las Vegas company a bit more leeway as gamblers visit casinos less often and spend less on each trip. It has nearly $13 billion in outstanding debt.
MGM Mirage owns the most casinos on the Las Vegas Strip and is the world's second-largest gambling company by revenue after Harrah's Entertainment.
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