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Detroit Casinos Represent Substantial Chunk of Michigan City’s Overall Revenue

Detroit casinos Greektown

Detroit casinos played an integral role in the revitalization of the formerly bankrupt Michigan city by generating 16 percent of the total local revenue in 2015. The MGM Grand, MotorCity Casino Hotel, and Greektown Casino-Hotel represented the lion’s share of the state’s $2.8 billion gambling industry last year, with the three casinos responsible for contributing…Read More

Atlantic City Casinos Post Highest Operating Profits Since 2010, But Bottom Line Remains Dicey

Don Guardian Chris Christie Atlantic City casinos

It looked so promising: Atlantic City casinos averaged a 17.2 percent gross operating profit across the city’s eight remaining gambling resorts, the highest number since 2010 and a 29 percent increase over 2014. But before you go buying stock in any of the New Jersey gaming resort’s gambling operators, be aware that gauging a business’s…Read More

Baazov Pleads Not Guilty to Insider Trading Charges, Trial Date to Be Set 

David Baazov pleads not guilty

David Baazov, Chairman, and CEO of Amaya Inc has pleaded not guilty to five counts of securities fraud, according to the Quebec Regulator, Autorité des marchés financiers (AMF). The AMF filed penal proceedings against Baazov in March following a 15-month investigation into the suspicious trading of Amaya’s stock in the lead-up to the announcement of…Read More

Donald Trump is Presumptive GOP Presidential Nominee After Knockout Win in Indiana

Donald Trump Hillary Clinton 2016

Donald Trump will represent the Republican Party for the next seven months leading up to the 2016 presidential election. It’s a statement few political analysts, if any, could have possibly predicted or even theorized last June, when Trump first announced his candidacy from Trump Tower in New York City amidst a furor of mostly media…Read More

DraftKings and FanDuel Pull Out of Idaho Following AG Ruling

Idaho AG Lawrence Wasden declares DFS illegal

DraftKings and FanDuel have pulled out of Idaho, following a ruling by State Attorney General Lawrence Wasden that the contests they provide constitute illegal gambling under state law. The move by the two leading DFS companies comes after three months of negotiations, said Wasden in a statement. The agreement was signed willingly by both companies…Read More