5349 stories by Casino.org Staff Writer
April Sees Maryland Casinos Push Past $100 Million for 17 Percent Jump, Market Now Halfway to Atlantic City
Maryland casinos cruised past the $100 million monthly revenues benchmark in April for the first time since commercial gambling came to the state six years ago. The five casinos, Hollywood Casino Perryville, Horseshoe Casino Baltimore, Ocean Downs, Maryland Live!, and Rocky Gap...
Packer to Sell $800 Million-Worth of Shares in Melco-Crown and Step Down as Co-Chairman
James Packer’s Crown Resorts is to sell $800 million of its shares in Melco-Crown back to the company, reducing its stake in the Macau-based operation from 34 percent to 27 percent. Packer will also step down as co-Chairman of Melco-Crown. His co-chair...
Paddy Power Betfair’s Q1 Profits Soar Despite Integration Upheaval and “Worst Ever” Cheltenham
Paddy Power Betfair profits sky-rocketed by 36 percent in the first quarter of 2016, the newly-combined company said this week. This is despite a disastrous Cheltenham horse racing festival that cost the company £20 million in just four days. If it can...
Kentucky Derby 2016: Does Anyone Care After Historic 2015?
The Kentucky Derby opens its gates on Saturday for the 142nd running of America's most bet-upon horse race. The first leg of the Triple Crown in the US, the Kentucky Derby welcomes more attendees than any other Thoroughbred race in the country...
Detroit Casinos Represent Substantial Chunk of Michigan City’s Overall Revenue
Detroit casinos played an integral role in the revitalization of the formerly bankrupt Michigan city by generating 16 percent of the total local revenue in 2015. The MGM Grand, MotorCity Casino Hotel, and Greektown Casino-Hotel represented the lion's share of the state's...
Atlantic City Casinos Post Highest Operating Profits Since 2010, But Bottom Line Remains Dicey
It looked so promising: Atlantic City casinos averaged a 17.2 percent gross operating profit across the city’s eight remaining gambling resorts, the highest number since 2010 and a 29 percent increase over 2014. But before you go buying stock in any of...
Baazov Pleads Not Guilty to Insider Trading Charges, Trial Date to Be Set
David Baazov, Chairman, and CEO of Amaya Inc has pleaded not guilty to five counts of securities fraud, according to the Quebec Regulator, Autorité des marchés financiers (AMF). The AMF filed penal proceedings against Baazov in March following a 15-month investigation into...
DraftKings and FanDuel Pull Out of Idaho Following AG Ruling
DraftKings and FanDuel have pulled out of Idaho, following a ruling by State Attorney General Lawrence Wasden that the contests they provide constitute illegal gambling under state law. The move by the two leading DFS companies comes after three months of negotiations,...
Deadwood, South Dakota Invites US Attorneys General to Internet Gambling Summit, Legalization Pulse Taken
Deadwood, South Dakota, best-known as the scene of the infamous Dead Man’s Hand of Wild Bill Hickok fame nearly 150 years ago, hosted the Presidential Initiative Summit with the National Association of Attorneys General on Monday. Internet gambling was a topic of...
Leicester Wins English Premier League and Bookmakers Lose Millions
Leicester City won the English Premier League on Monday night as Tottenham’s title challenge melted into mathematical impossibility following a bad-tempered 2-2 draw with Chelsea. The Foxes championship win is being hailed, without very much hyperbole at all, as “the greatest sporting...
