online casino news

GBGA Takes on UK Gambling Bill Point of Consumption Tax

Scales of Justice, Old Bailey, London

The Gibraltar Betting and Gaming Association (GBGA) has launched a second challenge to the new UK Gambling Bill, AKA the Gambling (Licensing & Advertising) Act, having seen its initial challenge thrown out of London High Court earlier in the month. While the organization’s first challenge contested the Act itself, the new demand for a judicial…Read More

James Packer Blames Crown Punters for Massive Profit Loss

James Packer, Chairman and CEO of Crown Resorts

James Packer’s Crown Resorts in Australia has been hit by some negative variance at the VIP tables, it seems. Packer told fellow shareholders at the company’s AGM (annual general meeting) last week in Perth that VIP operations were A$100 million below expectation, thanks to a number of high rollers getting lucky at the tables, or,…Read More

Caesars Entertainment in Debt Restructuring Talks, Again

Caesars debt restructuring plan talks

Caesars Entertainment says that it will begin talking with its creditors in an attempt to restructure its $24.2 billion debt load, the highest figure in the entire gaming industry. The move would look to restructure $18.3 million of that debt, and could result in a January bankruptcy filing. In the days since the Friday announcement,…Read More

Taj Mahal Union Contract Voided by Federal Judge

Taj Mahal union contract voided

The Trump Taj Mahal and its owners won a major battle in bankruptcy court on Friday, as a federal judge voided the casino’s contract with its union workers. Judge Kevin Gross granted the request of Trump Entertainment Resorts and investor Carl Icahn, satisfying one of several conditions the group demanded if they were to keep…Read More

New Jersey Sports Betting Law Approved as Sports Leagues Sue

Chris Christie NJ sports betting bill

A New Jersey sports betting bill was signed into law last week by Governor Chris Christie in what appears to be the War of the Roses between the Guv and major league sports. After being passed by legislators last week, the new law would allow for sports betting at race tracks and casinos throughout the…Read More