5349 stories by Casino.org Staff Writer
GVC’s Profits Skyrocket in Wake of Bwin Acquisition
GVC this week reported record profits and that its Bwin assets, acquired at the beginning of the year, had already produced returns that were “far greater than expected.” Revenues for the enlarged company grew 8 percent to €432 million ($482 million) in...
Contractor or Employee? DFS Million Dollar DraftKings Winner Takes Some Heat
DraftKings sponsored pro Al Zeidenfeld won the week two NFL "Millionaire Maker" contest on the DFS site last Sunday, and the win is creating a new pool of daily fantasy sports (DFS) skeptics. The $20 contest entry attracted 277,286 teams, for a...
European Teens Gambling Online at Alarming Rate, New Study Concludes
European teens have found a new vice, and it comes in the form of online gambling. According to a new study published by the European School Survey Project on Alcohol and Other Drugs (ESPAD), teens in Europe are smoking and drinking alcohol...
Bitcoin Is REAL Money After Major Ruling By Federal Judge
Bitcoin is real money. That’s the opinion of U.S. District Judge Alison Nathan, who this week rejected the argument of a defendant who had argued that bitcoin did not qualify as “funds” under the federal law. Anthony Murgio is charged with two...
Eldorado Resorts to Acquire Isle of Capri Casinos for $1.7 Billion
Eldorado Resorts is set to buy Isle of Capri Casinos in a cash and paper deal worth around $1.7 billion. As part of that figure, Reno-based Eldorado will assume $929 million of Capri’s debts. The combined company will now own 20 properties...
Fighting Among Arkansas Casino Ballot Opponents Picking Up Steam
The war of words over Arkansas’ casino ballot heated up this week, as the pro-casino movement requested to have a lawsuit that would block the ballot that was dismissed by the Arkansas Supreme Court. The Arkansas Winning Initiative (AWI), which wants voters...
New Jersey Senate President Stephen Sweeney Goes After Carl Icahn in New Casino Regulatory Bill
New Jersey State Senate President Stephen Sweeney (D-District 3) has introduced new legislation that would overhaul casino licensing protocols in Atlantic City. Senate Bill 2575, which was introduced concurrently with Assemblyman John Burzichelli's (D-District 3) Assembly Bill 4187 in identical text and...
Wynn Angered by Revere Slots Parlor Proposal
Steve Wynn’s troubles in Massachusetts continue as he seeks to expand his empire on the East Coast. After a protracted and occasionally bad-tempered bidding war with Mohegan Sun, Wynn won the bid for the state’s final remaining casino license, defeating various municipal lawsuits in...
Revel Atlantic City Rebrands, as Glenn Straub Names the Resort “TEN”
Revel Atlantic City is officially no more. The $2.4 billion resort that opened in 2012 only to close 29 months later got a new owner in 2015, and now it's getting a new name. Glenn Straub, the real estate developer who paid...
Bloombury Resorts Owner Enrique Razon Unfazed by Filipino Duterte’s War on Gambling
Spanish-Filipino billionaire Enrique Razon will forge ahead with his plan to build a $418 million casino in Manila, despite Philippine President Rodrigo Duterte’s hardline crackdown on gambling. Shortly after his election in June, Duterte set about systematically dismantling the country’s lightly regulated...
