5349 stories by Casino.org Staff Writer
Amaya Debt Restructuring Designed to Keep Ex-CEO David Baazov in the Cold
PokerStars parent Amaya, Inc. has announced it has restructured its US dollar and euro-dominated first-lien loans in a bid to free up cash flow. And one of the provisions of the refinancing agreement appears to refer to former CEO and ex-chairman David Baazov....
Adam Meyer, “Celebrity Tipster,” Sentenced to Eight Years For Fraud, Extortion and Racketeering
Adam Meyer, once the self-proclaimed “sports consultant to the stars,” has been sentenced to eight years in prison for charges including fraud, extortion, racketeering and brandishing a firearm. Meyer’s case was bizarre. Here was a high-rolling handicapper, who once boasted that his...
MGM Cheering on Casino Expansion Opposition Group in Connecticut
MGM Resorts is rooting for casino expansion opponents in Connecticut to succeed in blocking a third gambling venue in the small northeastern state. Late last week, the Mohegan and Mashantucket tribes of Connecticut (MMCT) officially signed a development agreement with East Windsor...
Crown Resorts Exec Rumored to Have Been Collecting Debts When Arrested
Crown Resorts executive Jason O'Connor is rumored to have been in China last fall to collect on VIP gambling debts incurred by patrons who participated in the Australian gaming company's junket schemes. That's according to a new report from "Four Corners," a...
Utah Raids Shut Down Hundreds of “Slots,” But Makers Say They’re Legal
A slot machine sting in Utah, the joint-“driest” state in America when it comes to gambling, has resulted in the impounding of more than 500 machines in gas stations, small markets, ethnic markets and restaurants across the state. Authorities said that, over...
South Korea Gambling Revenue Tops $17 Billion in 2016
South Korea gambling revenue surged in 2016 despite an economic downturn in the country. According to the Yonhap News Agency, the nation's largest media outlet, revenue from the lottery, casinos, and horse racing sectors totaled 20.3 trillion won ($17.6 billion) last year. That...
Illinois Senate Approves Casino Expansion But “Grand Bargain” is Proving a Hard Bargain
The Illinois Senate approved a bill last week that would authorize six new land-based casinos in the state, however the proposal is stuck in limbo until lawmakers agree on a slew of other economy-boosting bills to go along with it. This is...
Las Vegas Sportsbooks Can’t Come to Terms on March Madness Favorite
Las Vegas sportsbooks have less than a week before the men's NCAA basketball tournament field is officially set, and those final days will prove imperative for oddsmakers who are struggling to determine which team is college's best. March Madness will fill out...
More Brits Are Gambling Than Ever Before, Especially On Their Smartphones, Says UKGC
The UK Gambling Commission published its eagerly-awaited Gambling Participation Survey this week, which, as ever, offers some thought-provoking insights into gambling habits of participants in one of the most mature regulated gambling markets in the world. The datasets, which were gathered through...
Michigan Launches Fresh Online Gambling Push But Road to Regulation Will Be Tough
Michigan Senator Mike Kowall presented legislation this week that would authorize online gambling in the state. Kowall’s SB 203 “must include, but need not be limited to, poker,” and, if passed, would permit only Michigan’s commercial casino operators and federally recognized tribes...
