FORT LAUDERDALE, Fla. -- A father and son who developed a thriving hotel business are seeking release on bail in Florida so they can fight federal tax charges.
Prosecutors claim 77-year-old Mauricio Cohen Levy and 46-year-old Leon Cohen Levy would flee prosecution and should be kept in custody. They were living in the principality of Monaco before their arrests last month in New York.
A judge in Fort Lauderdale scheduled a hearing Thursday afternoon on the bail request.
The Cohens are charged with failing to report U.S. income from the $33 million sale of one of their New York residential hotels, which operate under the Flatotel name. Their attorney insist both men will stay in South Florida to fight the charges.
Thursday, May 20, 2010
Atlantic City casinos report 25 percent drop in profits
ATLANTIC CITY — New Jersey casino regulators say Atlantic City's 11 casinos saw their gross operating profits decline by 25.2 percent in the first quarter of 2010.
Gross operating profits totaled $111.2 million for the three-month period. That's down from $148.7 million from the same quarter last year.
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Gross operating profits totaled $111.2 million for the three-month period. That's down from $148.7 million from the same quarter last year.
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Las Vegas Sands closes on $1.75B in Macau loans
LAS VEGAS — Las Vegas Sands Corp. says it has secured $1.75 billion in financing to build its next two phases of development in Macau. The Las Vegas-based casino company said Thursday the money will be used to build hotels along with casino, convention and retail space in the Cotai area of the Chinese gambling enclave. Sands chief executive Sheldon Adelson says a total of 6,000 hotel rooms will be built in phases to attract large conventions and trade shows. Adelson says the development's first phase includes 3,700 hotel rooms and will open during the third quarter of 2011.He says another 2,300 hotel rooms will open in 2012.The owner of the Venetian and Palazzo resorts in Las Vegas already owns three casino-resorts in Macau.
Government seizes $850,000 from company it says brought foreign hotel workers to Orlando illegally
The federal government has seized money from a company that it says misled hundreds of foreign workers brought to Orlando illegally to work in hotels.
The forfeited funds are tied to labor-contracting company Very Reliable Services, according to the U.S. Attorney's Office. The government took nearly $850,000 that is either in VR Services' accounts or owed to the company.
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The forfeited funds are tied to labor-contracting company Very Reliable Services, according to the U.S. Attorney's Office. The government took nearly $850,000 that is either in VR Services' accounts or owed to the company.
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Buddha Bar goes into administration
The well-known London nightspot Buddha Bar on Victoria Embankment has entered administration with the loss of 80 jobs.
Buddha Bar, famed for an 18ft-high Buddha statue in the dining room, opened in August 2008, shortly after the collapse of the bank Lehman Brothers.
The venue ceased trading immediately after administrator Baker Tilly was appointed yesterday and 80 full- and part-time staff were made redundant
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Buddha Bar, famed for an 18ft-high Buddha statue in the dining room, opened in August 2008, shortly after the collapse of the bank Lehman Brothers.
The venue ceased trading immediately after administrator Baker Tilly was appointed yesterday and 80 full- and part-time staff were made redundant
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