8102 stories by Devin O'Connor
Nevada Casinos Eclipse $1B Again, Las Vegas Room Rates Higher
Nevada casinos continued their winning ways in October, as the state gaming industry surpassed $1 billion in gross gaming revenue (GGR) for an eighth consecutive month. Statewide GGR totaled more than $1.22 billion, which represented a 48.5 percent surge on October 2020....
Alvin Chau Steps Down as Suncity Group CEO, as Stock Price Nearly Halved
Alvin Chau announced from jail yesterday that he is stepping down as CEO of Suncity Group Holdings Limited, the Macau-focused gaming promotion company that made him a billionaire. Chau is facing numerous criminal charges in Macau and Wenzhou city regarding his alleged...
US Online Sports Bettors and Casino Gamblers Will Soon Have ATM Options
Online sports bettors and casino gamblers will soon have quicker access to their money through a more expedited withdrawal process. PayNearMe, a leading iGaming and internet sports betting financial services firm, has announced a new partnership with Pin4. In early 2022, the...
Station Casinos, Red Rock Resort Ordered to Bargain with Culinary Union
Station Casinos and its Red Rock Casino Resort west of the Las Vegas Strip in Summerlin have been ordered to engage in labor negotiations with the leading casino workers' union in Nevada. A federal appeals court ruled last Friday that Red Rock...
Louisiana Supreme Court Orders Slidell Casino Ballot Question to Proceed
The Louisiana Supreme Court today delivered a major victory to casino developers seeking to build a $325 million resort on the Lakeshore Marina in Slidell. After weeks of uncertainty, the state's highest court ruled that voters in St. Tammany Parish can weigh...
Mohegan Gaming Announces Funding Plan for $1.55B Inspire Casino in South Korea
Mohegan Gaming & Entertainment (MGE) today divulged financing arrangements for its $1.55 billion integrated resort project in Incheon, South Korea. MGE, the gaming and hospitality unit of the Mohegan Tribe in Connecticut, announced in 2015 its plan to build a sprawling casino...
United Nations Celebrates Alvin Chau Arrest, Analysts Say Bad for Future Junkets
Alvin Chua is innocent until proven guilty of the illegal cross-border gambling charges he's facing in China. But the United Nations says his arrest is nonetheless a positive development. Chua, the Chinese billionaire who amassed his fortune through his founding of the...
Alvin Chau Latest: Suncity Denies Illegal iGaming, Macau Confirms Probe
Billionaire Alvin Chau, 47, is seemingly in a myriad of legal trouble in China. It's a country that has a no-holds-barred approach to prosecuting and punishing those deemed to have committed unlawful acts. Chau, a Macau native who made his vast fortune...
Rivers Casino Portsmouth Announces Groundbreaking on $300M Virginia Resort
Rivers Casino Portsmouth plans to hold a ceremonial groundbreaking on Tuesday, December 7. Portsmouth Mayor Shannon Glover confirmed the groundbreaking event, but did not provide any details on what the ceremony might entail. What we do know is that Chicago-based Rush Street...
Alvin Chau Detained in Macau, Junket Tycoon Grilled on Alleged Crimes
Suncity junket boss Alvin Chau has been detained in Macau, the world's richest casino market and one that made him a billionaire. The Wenzhou government is seeking Chau's extradition to face a series of criminal charges in the Zhejiang Province city. Prosecutors...
