5357 stories by Casino.org Staff Writer
Remaining Atlantic City Casinos Post Three Percent Win in November
Atlantic City casinos pulled in $197.2 million in November, a three percent gain on the same month in 2015. However, the headline is slightly deceiving as the three percent gain subtracts the now-defunct Trump Taj Mahal's 2015 November earnings of $12.8 million. Trump...
Gambling and Crime Do Not Go Hand-In-Hand, Study Concludes
Gambling and crime aren't interrelated, regardless of the narrative opponents to casinos try to purvey. That's according to a yearlong Public Safety Impact Report presented to the Massachusetts Gaming Commission (MGC) this week that shows no increase in crime in the areas...
Baazov Attorney Demands Release of Insider Trading Details
The lawyer for former Amaya boss David Baazov urged the Quebec securities regulator, AMF, this week to reveal more details of its case against their client. Sophie Melchers, of Norton Rose Fulbright, representing Baazov, said the AMF had failed to lay out...
Phil Ivey Loses Borgata Edge-sorting Case, Must Pay Casino $10.1 Million
On Thursday, a New Jersey judge ordered poker player Phil Ivey and “Kelly” Cheng Yin Sun to repay $10.1 million to the Borgata Hotel and Casino. The sum represents the $9.6 million “winnings” amassed during a four-day stint edge-sorting at the casino’s...
Four Winds South Bend Casino Could Cut Indiana State Revenue by $350 Million
Indiana’s casinos could take an $800 million hit in the first five years following the establishment of a new tribal casino, which would in turn leave state coffers $350 million poorer. That’s the verdict of new research from the Spectrum Gaming Group,...
Atlanta Will Still Have Georgia Gaming Opportunities on Its Mind When 2017 Legislative Session Resumes
The failed Georgia casino bill that didn't gain enough support in Atlanta during this year's legislative session is expected to return in the New Year. A proposed measure that would have authorized up to five land-based casinos in five geographical zones in the Peach...
Crown Resorts Sells $1.2 Billion Stake in Macau, Pulls Out of Alon Vegas Project
James Packer's Crown Resorts has made a dramatic U-turn on its global expansion strategy, suddenly and unexpectedly retreating from both Las Vegas and Macau, the two biggest gambling hubs in the world. Crown dropped the bombshell during an earnings call on Thursday....
Philippines Gaming Regulator PAGCOR Claims Missing Casino Owner Not Paying His Fair Share of Taxes
PAGCOR, the Philippine Amusement and Gaming Corporation, clarified this week that wanted Chinese citizen Jack Lam has a "perpetual" casino license in the country, but claims he is failing to pay the appropriate gambling taxes. Lam owns and operates Fontana Hot Spring...
Japan Passes Casino Bill, Opening Up Potential $40 Billion Market
Japan, the sleeping giant of casino gaming, has awoken. In the early hours of Thursday morning, lawmakers in the upper house of the Japanese parliament passed the Integrated Resorts Promotion bill, paving the way for full scale casino resorts in the country....
Consortium Makes Shock $7.3 Billion Offer for Tatts, Igniting Potential Bidding War
The proposed merger between Australian betting giants Tabcorp and Tatts was plunged into uncertainty after a consortium including private equity firm KKR and investment banker the Macquarie Group launched an unexpected A$7.3 billion ($540 billion) bid for Tatts. The bid trumps the...
