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Roomer Raises $5 Million in Funding

Roomer Raises $5 Million in Funding

Roomer, a secondary market for nonrefundable hotel reservations, has raised $5 million in a Series A equity investment round. Founded in 2011, the startup, which is basically like a StubHub for hotels rooms, will use the $5 million in funding ...

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Wynn Resorts Under Investigation For Possible Money Laundering

Wynn Resorts Under Investigation For Possible Money Laundering

U.S. federal agencies and offices are conducting an investigation to determine whether casino operator Wynn Resorts has violated money-laundering laws, according to The Wall Street Journal. The Internal Revenue Service and Drug Enforcement Administrations are working together with U.S. Attorney’s ...

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Amazon Plans to Launch Hotel Booking Site

Amazon Plans to Launch Hotel Booking Site

Amazon plans to launch a hotel booking service early next year featuring independent hotels and resorts near major cities, according to a Skift report. Amazon Travel could launch as early as Jan. 1 with a selection of hotels within a ...

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Brookfield Terminates Plans to Buy Revel

Brookfield Terminates Plans to Buy Revel

Toronto-based Brookfield Asset Management has terminated its plans to acquire the shuttered Revel Casino Hotel in Atlantic City for $110 million from bankruptcy court, AP reports. The company had intentions to reopen the business as a casino hotel. The withdrawal ...

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