5349 stories by Casino.org Staff Writer
Fight Over Choctaw’s Red Water Casino Project will be Decided by Voters
The fate of Choctaw Nation’s fourth casino in Mississippi will be decided by its more than 10,000 members and not tribal leadership. After a brief legal battle those opposed to the project were able to get a referendum for November 17. Chief...
MGM Buys Back 10 Million Shares From Late Founder Kirk Kerkorian’s Estate
MGM Resorts is acquiring 10 million common shares of its own company from the estate of late billionaire Kirk Kerkorian, the man who founded the gaming and hospitality company in 1986. The deal values each share at $32.75, a one percent discount...
UK Bookies Stand to Lose £150 Million Per Year in Likely Outcome of FOBT Review
UK bookmakers will take a £150 million annual hit as a result of the UK’s regulatory review into fixed-odds betting terminals (FOBTs). That’s based on the most likely outcome of the review, which is expected to slash maximum stakes on the machines...
Cambodia Spurred by US State Dept. Rebuff to Overhaul Casino Regulations
Cambodia is the latest nation to introduce tighter regulations for its casino industry, in part to attract new investment from international operators. The move follows a US State Department report that described the country’s casino sector as “unregulated or under-regulated,” a designation...
Philippine Billionaire Enrique Razon Jr. Sells $74.7M Slice of Bloomberry Resorts
In a shuffling of assets to prepare for his next phase of domestic development, Philippine billionaire Enrique Razon, Jr., has sold 3.18 percent of his stake in casino operator Bloomberry Resorts for PHP3.8 billion ($74.7 million). The Bloomberry chairman’s holding company Prime...
Scotland Named Britain’s Gambling Capital, 68 Percent of Scots Placing Bets
The Scottish people are Britain’s most avid gamblers, according to figures newly published by the UK Gambling Commission, with over two-thirds of adults saying they had gambled in the past year. Or more specifically, 68 percent of Scottish respondents admitted to having...
Typhoon Hato Reveals Shortcomings in Government Attention to Macau Infrastructure
The Macau government has been too conservative with its tax revenue when it comes to funding and improving infrastructure throughout the city. Last month's Typhoon Hato and subsequent Tropical Storm Pakhar exposed the aging city, as bridges, business buildings, and residences in...
Not Quite Area 51, But Area 15 Will Bring Sci-Fi Entertainment to Las Vegas
Area 15 hopes to one day attract sci-fi and comic book fans to a yet-to-be-constructed 146,000-square-foot entertainment facility just steps off the Las Vegas Strip. Proposed by New York real estate development company Fisher Brothers, the venue's blueprint calls for multiple arenas...
Florida Horse Racetracks Safely Harness Hurricane Irma, Damage Minimal
Florida horse racetracks are reporting minimal damages in the wake of Hurricane Irma, once a powerful and violent Category 5 tropical cyclone that stormed up the west coast of the Sunshine State. Gulfstream Park, Hialeah Park Race Track, and Tampa Bay Downs,...
Philippines to Begin Privatizing PAGCOR Properties in 2018
The Philippine government will begin the sale of Philippine Amusement and Gaming Corporation’s (PAGCOR) 17 casinos to private operators early next year, but privatization could take several years, the country’s finance minister said this week. As the country’s casino sector booms, driven...
