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David Sheldon

David Sheldon

Happiest when playing Blackjack and Baccarat, David has been playing cards since he was old enough to pick them up. He covers news stories related to casino table games and poker and is never happier than when he has some green felt in front of him. He is an avid online gamer and has embraced gambling's move to the Internet.

Melco Resorts Announces $500 Million Stock Buyback

Melco Resorts stock Lawrence Ho

Melco Resorts announced this week that it plans to purchase $500 million worth of its issued stock over the next three years. In a filing with the US Securities and Exchange Commission, Melco Resorts CFO Geoffrey Davis explained that the company’s board of directors have approved of the stock buyback plan. “The program is effective…Read More

Two State Regulators Approve Penn National Takeover of Pinnacle Entertainment

Penn National Pinnacle Entertainment

Penn National is one step closer to completing its proposed takeover of Pinnacle Entertainment, as the gaming firm received approval from two state-level regulatory bodies for the transaction. According to a statement from Penn National on Wednesday, both the Pennsylvania Gaming Control Board and the West Virginia Lottery Commission have signed off on the deal….Read More

Man Utd Star Zlatan Ibrahimovic Pulls Out of BetHard UK Launch Over Threat of FA Sanctions

Zlatan Ibrahimovic bails on BetHard

Online gambling site BetHard was forced to postpone its UK launch today (Wednesday) after it discovered its brand ambassador, soccer legend Zlatan Ibrahimovic, faced possible sanctions from English soccer’s governing body for promoting the company. The Manchester United star, often referred to simply as “Zlatan,” signed a sponsorship deal with Sweden’s BetHard earlier this month…Read More

UK Government Faces Party Revolt Over FOBT Max Stakes

Sir Peter Bottomley MP would rebel against government over FOBTs

The UK’s governing Conservative Party could face open rebellion from within its own ranks if it fails to reduce the maximum stakes on fixed-odds betting terminals, the controversial betting shop machines that currently allow customers to bet up to $100 every 20 seconds. The warning comes from Sir Peter Bottomley MP, who told The Evening…Read More

Downtown Las Vegas Casino Owner Derek Stevens Scores on March Madness Bets

Downtown Las Vegas Derek Stevens

Downtown Las Vegas casino owner Derek Stevens bet $11,000 on each of the 32 First Round games of NCAA March Madness. And when the buzzers concluded, the D Casino boss found himself $16,000 richer. In what’s become an annual tradition, Stevens bet $11,000 on all 32 games. But this month, his team accidentally bet one…Read More

Wynn Lawyers Report Woman to FBI for Extortion Over Sexual Misconduct Claims

Steve Wynn lawyer accuses woman of extortion over sexual misconduct claims

A lawyer for Steve Wynn reported a woman to the FBI, accusing her of extortion for threatening to go public with sexual misconduct claims about the casino mogul, according to documents recently filed in a Nevada courtroom. The documents reveal the woman accepted an unknown amount of supposed hush money from Wynn in 2006, but…Read More

Analysts: Genting Group Might Be Odds-On Favorite for Wynn Resorts Takeover

Genting Group Wynn Resorts acquisition

Genting Group might be best positioned to one day acquire Wynn Resorts. That’s according to three analysts at Sanford C. Bernstein Global Gaming Research, who concluded that Wynn’s Macau operations might leave few potential suitors. Analysts Vitaly Umansky, Zhen Gong, and Cathy Huang point to the complexities surrounding Wynn Resort’s two integrated casino resorts in…Read More

Floyd Mayweather Confirms MMA Training, Potential $1 Billion UFC Deal Lurks

Floyd Mayweather UFC odds

Floyd Mayweather says he’s finished with boxing after capping off a perfect 50-0 career with a victory over UFC star Conor McGregor last year, but he remains committed to trying his hand (and feet) at mixed martial arts (MMA). Rumors have been circulating that “Money” has been considering a foray into MMA, and this week…Read More

MGM Springfield: More Table Games, Fewer Slot Machines Add Up to Millennial Marketing Push

MGM Springfield casino table games slots

The new MGM Springfield in Massachusetts hopes to attract millennials to its $960 million integrated casino resort by offering innovative table games for the ever-elusive 20 and 30-something demographic. Appearing before the Massachusetts Gaming Commission (MGC) in Boston to provide a construction progress update, MGM Resorts officials explained they’re reworking the casino floor arrangement to…Read More

BC Casinos Would Lose $88 Million Per Year from High Stakes Transaction Ban

British Columbia AG Davis Eby

A proposal to restrict table game “buy-ins” at British Columbia casinos to no more than CA$10,000 ($7,650) would cost the sector up to CA$88 million ($67 million) per year, according to a confidential BC Lottery Corp report, made public on Thursday by Canadian media network Postmedia. The provincial government is seeking measures to combat money…Read More

Alabama Daily Fantasy Sports Bill Throttled to Death on Senate Floor

Alabama DFS bill fails to change Luther Strange’s 2016 opinion

Alabama’s daily fantasy sports bill went down in flames in the State Senate on Wednesday. Despite being unanimously approved by the Senate Tourism and Marketing Committee earlier this month, Senator Paul Sanford’s bill didn’t even make the vote yesterday – a fate that has befallen both of the dogged senator’s previous attempts to legalize DFS…Read More

Sportech Shares Crash as Takeover Talks Break Down

Sportech shares crash

Shares in Sportech, the former owner of the UK’s Football Pools, nosedived on the London Stock Exchange on Wednesday, wiping more than 50 percent off the company’s market cap. The crash came after the company was forced to issue a profit warning and confirm it had failed to find a buyer following recent acquisition talks….Read More

Three Online Gambling Operators Quit Malta Over MGA Anti-Mafia Investigation

Italian police embarrass Malta Gaming Authority

An unprecedented anti-Mafia investigation by the Malta Gaming Authority (MGA) into all its Italian licensees has resulted in three companies “unilaterally terminating their own licenses,” according to Malta Today. Betent.com (Betent Group Ltd), Potterbet (Potter Mrc Ltd) and Giodani (Giodani Limited) all voluntarily surrendered their licenses for unknown reasons, apparently unable to stand the heat…Read More

Tiger Woods Favored in PGA Tour Event for First Time Since 2014

Tiger Woods Masters odds Las Vegas

Tiger Woods is the odds-on favorite to win this week’s Arnold Palmer Invitational at Bay Hill. It’s the first time since 2014 that the golfing great has been the betting frontrunner in a PGA Tour event. The Westgate SuperBook in Las Vegas has Tiger at just 6/1 to win in Florida. Those odds mean sportsbooks…Read More

Melco Resorts Billionaire Lawrence Ho Predicts Japan Casino Bidding to Commence in 2019

Lawrence Ho Melco Japan casino

Lawrence Ho says his Melco Resorts, one of six licensed casino operators in Macau, is readying to make its case to Japanese lawmakers as to why the company is best suited to receive one of the expected gaming permits in the Land of the Rising Sun. But the billionaire doesn’t expect the competitive bidding to…Read More

Beijing Spies on Chinese Officials Gambling in Macau, Says Senior Lawmaker

Ho Iat Seng

The Chinese mainland officials who once piled the proceeds of their embezzlement onto the baccarat tables of Macau are a thing of the past, according to Ho Iat Seng, president of the enclave’s legislative assembly. Speaking to Chinese state-run media during a trip to Beijing this week, Ho claimed that the facial recognition technology used…Read More

Backed into a Corner, Wynn Resorts Drops Litigation Against Kazuo Okada

Wynn Resorts stops suit against Kazuo Okada

Wynn Resorts on Monday dropped its six-year-long court battle with its former majority shareholder, the Japanese pachinko magnate Kazuo Okada. The move comes just days after the embattled Las Vegas casino giant agreed to pay $2.6 billion to settle out of court with Universal Entertainment, a company Okada controlled until he was ousted last year….Read More

Vietnamese Communist Regime Arrests Police Chief in Gambling and Corruption Bust

Vietnamese President Tran Dai Quang

Vietnamese state-controlled media has announced the arrest of a former head of the country’s High-Technology Police Department, on suspicion of organizing an international gambling ring. Nguyen Thanh Hoa, 60, was arrested on Sunday as part of an online gambling and money laundering case. Hoa was stripped of his “people’s police” title by the nation’s Communist leader…Read More

March Madness Odds Favor Virginia and Villanova, 24 Million People Expected to Fill Out Brackets

March Madness odds NCAA bracket

The 68-team bracket is set, but March Madness odds show that bettors believe only a handful of teams have a realistic shot at scoring the men’s basketball NCAA national championship. Virginia and Villanova are the two heavy favorites, and Las Vegas oddsmakers have them in a league of their own. But sportsbooks are having a…Read More

Tiny California Tribe Pays Highest Interest on Casino Junk Bond Since Economic Crash

Buena Vista Rancheria casino

The Buena Vista Rancheria band of Me-Wuk Indians has finally received financial backing for its long-cherished dream of a casino in Amador County, California. But unfortunately, it comes in the form of a junk bond with the highest interest rates seen since the financial meltdown. According to International Financing Review, the tribe will pay 14.425…Read More

Pennsylvania Satellite Casino Bidding Stalls, No Proposals Received During Fifth Auction

Pennsylvania satellite casino auction

No satellite casino bids were presented at the Pennsylvania Gaming Control Board’s (PGCB) Friday auction. Postponed from Wednesday due to a snowstorm, the state’s six qualified remaining bidders opted against submitting proposals for the gaming facilities that are permitted to house up to 750 slot machines and 40 table games. The minimum bid is $7.5…Read More

New SLS Las Vegas Owner Alex Meruelo Gets Nevada Gaming Control Board Licensing Thumbs Up

Alex Meruelo, owner SLS Las Vegas

The beleaguered SLS Las Vegas is getting another shot at success at long last. On Wednesday, the Nevada Gaming Control Board (NGCB) unanimously recommended the transfer of a gaming license for the North Las Vegas Strip-located casino to gaming operator Alex Meruelo, principal of the California-based Meruelo Group. Meruelo agreed to buy the struggling SLS,…Read More

Carl Icahn Denies Having Steel Tariff Knowledge Before Dumping Stocks

Donald Trump and Carl Icahn

Carl Icahn, the billionaire activist-investor and owner of the Tropicana in Atlantic City, has said he had no idea President Trump planned to impose 25 percent tariffs on steel imports when he sold his $31.3 million stake in Manitowoc Co. Icahn dumped the shares a week before the Trump administration announced the tariffs. As a…Read More

NBA Commissioner Adam Silver Pressures Teams to Stop ‘Tanking’

NBA odds tanking Chicago Bulls

NBA Commissioner Adam Silver has reportedly told certain teams that appear to be purposely losing to quit it. The Chicago Bulls, which have lost 14 of their last 17 games, confirmed they’ve been in contact with the league regarding the alleged issue. Despite no reported injuries, starters Robin Lopez and Justin Holiday have been inactive…Read More

Stars Group Makes Big Move for Australian Sports Betting Market, Ups Stake in CrownBet to 80 Percent

The Stars Group ups stake in CrownBet

PokerStars’ parent company, the Stars Group, formerly Amaya Gaming, is suddenly a major player in the Australian sports betting market, just over six months after it was forced to pull PokerStars out of Australia due to a change in gambling laws. Having bought a controlling 62 percent interest in CrownBet last week for $117.7 million,…Read More