5349 stories by Casino.org Staff Writer
GVC Moves All-in for $1.5 Billion in Battle for Bwin.Party
GVC Holdings has pushed forward a shock bid of almost £1 billion ($1.55 billion) for bwin.party, this time without the financial assistance of Amaya Inc. Instead, GVC, which has a market cap just one-third of bwin’s, has nailed down funding for the...
Chinese Stock Market Tumble Could Impact Macau Casinos
The Chinese stock market declined by a worrying 8.5 percent on Monday, after a day of panic selling led to falling prices across the board. It was an event that had a ripple effect on markets around the world, and one that could...
GLPI Acquires Pinnacle Properties in $4.74 Billion Deal
Gaming and Leisure Properties Inc (GLPI), the gambling industry’s first real estate investment trust (REIT), will acquire all of Pinnacle Entertainment’s real estate’s assets in an all-stock transaction that values the holdings at $4.74 billion. Pinnacle rebuffed a GLPI offer in March...
Alleged Chinese Fears Over Sheldon Adelson And CIA Links Revealed
Chinese fears that Sheldon Adelson and the CIA were in cahoots to trap corrupt Beijing officials have been revealed in a report. The private investigator's report, commissioned in 2010 by Adelson's Sands China Ltd due to company concerns over the local government's...
Ladbrokes and Gala Coral Merging to Become Largest UK Bookmaker
Ladbrokes and Gala Coral were already both big names in the United Kingdom’s bookmaking industry, with both companies owning thousands of retail locations throughout the country. Now, the two foes are combining to form what will be the largest betting firm in...
Phil Ivey Fires Back at Borgata with Countersuit
When Phil Ivey sits down at a table, you know that he’s playing to win. That’s true in poker, it apparently carries over to his high-stakes baccarat sessions, and it applies just as much when it comes to his legal battles against...
Caesars Entertainment Facing Ruin After Court Ruling
Caesars Entertainment, the global casino operator and owner of the World Series of Poker (WSOP), could be on the brink of bankruptcy following an unfavorable court ruling. With spiraling debts and pending lawsuits threatening to bring down the beleaguered company, Caesars' owners,...
Developer Abandons New Bedford Casino Proposal
KG Urban has announced that they will no longer be pursuing a casino license for a proposed resort in New Bedford, Massachusetts, sending a shockwave through the landscape of the battle for the final casino license in the state. The decision comes...
Mafia Gambling Empire Raided by Italian Police, $2.2 Billion in Assets Seized
The mafia crime organization 'Ndrangheta hasn't traditionally come with the notoriety its Sicilian and Naples counterparts possess, but after Italian authorities raided its businesses in Reggio Calabria this week, that could soon change. On Wednesday, police seized $2.2 billion in assets and...
NFL and DOJ Argued Sports Betting is Based on Skill
The National Football League (NFL) has long opposed allowing sports betting to gain more of a foothold in the United States than it already has. But surprisingly, the NFL has made arguments over the last 12 years that any sports bettor would...
