5349 stories by Casino.org Staff Writer
Revenues Up, Profits Down at IGT Since Merger
The merger of International Game Technology (IGT) with GTECH was expected to provide growth for the companies, and so far, that seems to be working out well for the new incarnation of IGT. However, that growth hasn’t been without hiccups, as the...
Optimal Payments Completes Acquisition of Skrill
Optimal Payments has completed its takeover of Skrill, creating a combined firm that will take its place among the largest payment processing companies in the world. “Today is a very important milestone for Optimal Payments,” Optimal President and CEO Joel Leonoff said....
Zynga to Pay $23M to Allegedly Defrauded Shareholders in Settlement
Zynga will make a settlement for $23 million with a group of shareholders who have alleged they were deliberately defrauded by the social gaming giant. A lawsuit brought against Zynga claimed that the company deliberately hid a drop in user activity from...
Brothers Sentenced to Federal Prison for Running Macho Sports Betting Ring
The Portocarrero brothers may have made a small fortune through an illegal sports betting ring, but they’ll now be spending most of the next two years in jail. A District Court judge sentenced Jan Harald Portocarrero and Erik Portocarrero to prison time...
State Senator Ray Lesniak Goes Gubernatorial with New Jersey Bid for 2016
New Jersey State Senator Raymond Lesniak, the architect and sponsor of the bill that legalized online gambling in New Jersey, has announced his ambitions to become the Garden State's next governor. While his candidacy has not yet been made official, Lesniak stated...
MGM Springfield Approved for Delayed Opening
Massachusetts is eagerly awaiting the opening of their first Las Vegas-style resort casino, and they can rest assured that such a venue really is coming to the state. It just isn’t going to get here quite as soon as many there had...
GVC Ups Ante Again in Bid for Bwin.party
GVC Holdings has increased its offer for bwin.party to £1.03 billion ($1.6 billion), around £100 million ($155 million) higher than its previous bid, made just two weeks ago. The ball is now squarely in 888’s court, as analysts fully expect GVC’s rival...
Penn National Almost Officially Approved to Buy Tropicana Las Vegas
Penn National has moved one step closer to acquiring the Tropicana Las Vegas in a $360 million deal, following a preliminary regulatory green light in Nevada. A.G. Burnett, head of the state's Gaming Control Board, declared the deal to be for “the...
First Prime Time GOP Debate Has Little Gambling Focus, Even with Trump Center Stage
If you expected online gaming issues to get any attention at last night's GOP debates, you were sorely disappointed. The first major event of the 2016 presidential campaign took place in Cleveland last night, as the ten leading Republican contenders joined each...
Malta Reviewing Gambling Laws With Eye Towards Reform and De-Scandalization
Malta has long been one of the most in-demand hosts for online gambling operations in Europe. Now, Maltese legislators appear ready to take on the task of modernizing their laws to keep that reputation intact, while also hoping to avoid the kinds...
