5349 stories by Casino.org Staff Writer
Daily Fantasy Sports Receives Seal of Approval From New York Legislature
Daily fantasy sports (DFS) left New York in March pending ongoing legal action by state Attorney General Eric Schneiderman, but this week lawmakers in the Empire State weighed in by passing legislation to legalize the online contests. Authored by State Senator John...
UK Brexit Becomes Most Gambled-On Political Event in British History
Bookmakers in the UK have said this week’s EU referendum, or “Brexit,” will be the most bet-upon political event in the country’s history, with at least $20 million expected to be staked on the outcome. On Thursday, voters will decide whether the...
James Packer’s Crown Resorts Splitting Australian Assets From International Holdings
Crown Resorts is taking a page out of the Caesars Entertainment Corporation playbook and says it will split its company into two separate units in an effort to lessen the burden from Macau's struggling casino market and maximize shareholder value. On June...
UFC Attracts $4.1 Billion Bids From Investors Including Hollywood Heavyweight Ari Emanuel
The Ultimate Fighting Championship (UFC) was purchased in 2001 by Frank and Lorenzo Fertitta for $2 million. Now 15 years later, the Fertitta brothers stand to make a fortune off their investment should they decide to sell the mixed martial arts company....
Union Orders Strikes at Five Atlantic City Casino
Atlantic City is facing industrial action at five of its eight casinos, as workers voted overwhelmingly to strike on July 1 unless employment contract negotiations can be resolved. Members of Local 54 of the Unite-HERE union were 96 percent in favor of...
Caesars Bankruptcy Judge Cuts Casino Giant Some Slack, Creditors’ Lawsuits Put on Ice
Caesars Entertainment (CEC) has been dealt a break in its ongoing and increasingly messy bankruptcy negotiations. The company is attempting to put its main operating unit, Caesars Entertainment Operating Company (CEOC), through chapter 11 bankruptcy in a bid to reorganize its $18...
$40 Million Ponzi Scheme Fraudster Andrew Caspersen had Gambling Addiction
A man who swindled friends and family out of almost $40 million was in the grip of uncontrollable gambling addiction, according to his lawyer. Former Wall Street executive Andrew Caspersen, 39, is accused of using his Ivy League connections to defraud investors,...
Pennsylvania House Republicans Soliciting Support for Expanded Gambling
Pennsylvania House Republicans are trying to muster up support to expand gambling laws in the Keystone State in order to fund ballooning expenditures and an upcoming budget increase from Governor Tom Wolf (D). Late last month, an amendment to expand gambling was...
Net Neutrality Upheld by US Appeals Court, Internet Classified as Utility
Net neutrality secured a landmark win this week, after a three-judge panel at the United States Court of Appeals for the District of Columbia ruled 2-1 in favor of the government having authoritative power in policing how Internet service providers (ISPs) deliver...
Revel Atlantic City Reopening Shot Down by Local Officials, Casino Revenues Slip
Revel Atlantic City tried to reopen its doors on June 15, one year and nine months since it closed them, but local officials have stepped in the way citing inspection and unattained permits in preventing new owner Glenn Straub from commencing operations....
