5349 stories by Casino.org Staff Writer
JPMorgan Gambling Addict Broker Gets Just Five Years for $22 Million Embezzlement
Former JPMorgan Chase broker Michael Oppenheim, who spent over $22 million of his clients’ money chasing his gambling losses, was sentenced to just five years in prison by a US District Judge this week. Judge Analisa Torres went easy on the defendant...
New York Federal Reserve Deflects Responsibility for $100 Million Cyber Heist, But Were Casinos Money Launderers?
The New York Federal Reserve says it was involved in no wrongdoing in what appears to be a successful $100 million cyber heist last month. On February 5, hackers looted the Central Bank of Bangladesh's Federal Reserve Account, stored in Manhattan, by...
Problem Gambling Awareness Month Highlights Plainridge Park Casino’s Safeguard Failures
Problem Gambling Awareness Month urges concerned families to "have the conversation" with those that might be prone to becoming addicted to gambling. "Most adults gamble or know someone who gambles, and, therefore, could benefit from programs to prevent gambling addiction," the National...
Virginia Daily Fantasy Sports Get Licensed, But Steep Fees Separate Out Big Fish from Small Fry
Virginia daily fantasy sports (DFS) have the proud honor of being the first to become licensed in America. On Monday, the Old Dominion State became the first in the US to license DFS, as Governor Terry McAuliffe signed the Fantasy Contests Act...
North Jersey Casinos Could Be Taxed 40 to 60 Percent, State Lawmaker Says
Two North Jersey casino licenses could soon be issued, but the gambling operators in receipt that are ready to tap into the region's nearly 3.5 million residents and New York City's 8.5 million inhabitants across the Hudson might faint when they also...
Florida Legislature Rejects $3 Billion Seminole Tribe Gambling Deal
Florida lawmakers have shot down a proposal to allow the Seminole tribe to offer craps and roulette at their casinos. The deal was the result of months of negotiations between the Seminoles and Florida’s Governor Rick Scott, and would have been worth...
Triads “Dominate” Macau Junkets, Says Academic Paper
Hong Kong’s triads have long been known to enjoy ties with Macau’s VIP industry, although the exact extent of their influence on the junkets has been a point of debate. However, a new criminology study, whose researchers spent three years interviewing former...
CNBC’s “Billion Dollar Buyer” Features Golden Nugget Owner Tilman Fertitta
CNBC's Billion Dollar Buyer gives budding companies and businesspeople the opportunity to pitch billionaire hospitality mogul Tilman Fertitta to join his globally recognized Landry's, Inc. empire. Riding on the bandwagon of venture capital shows such as Shark Tank and Restaurant Startup, the...
Tribal Casinos Close Gap on Commercial Counterparts
US tribal casinos are outpacing the growth of their commercial counterparts, according to a new report that reveals that 2014 was a record year for Indian gaming. According to the Indian Gaming Industry Report, by economist Alan Meister of Nathan Associates, the...
Revel Casino in Atlantic City Could Reopen Under New Name as Soon as June, New Owner Glenn Straub Says
The Revel Casino in Atlantic City, like a phoenix from the ashes, will reopen in June in the seaside resort town. New owner Glenn Straub made the pronouncement this week, and even lit up the skies to cement its reality. That strange...
