7579 stories by Devin O'Connor
SJM Holdings Rebranding Casino Subsidiary Name SJM Resorts
SJM Holdings, the late business empire of billionaire Stanley Ho, the so-called "King of Gambling," is changing the name of its gaming subsidiary unit. The move is being made in an effort to better represent the casino resort firm. In a securities...
The 13 Macau Hotel Files for Voluntary Liquidation, Lenders Demand Payment
The nightmare that is The 13 Macau continues. This week, the owner of the $1.6 billion hotel financial catastrophe, New Concordia Hotel Limited, applied for voluntary liquidation. Lending firms out more than half of a billion dollars want to be repaid from...
Harrah’s Philadelphia Removes 563 Slot Machines Following State Approval
Returning patrons at Harrah's Philadelphia will find a rearranged casino floor that features 563 fewer slot machines at the Caesars Entertainment property. Last week, the Pennsylvania Gaming Control Board (PGCB) approved Harrah's Philadelphia to remove the number of slot machines. Caesars told...
Late Antivirus Pioneer John McAfee Once Wagered His Own Penis on a Bitcoin Bet
John McAfee was reported dead yesterday at the age of 75 after an apparent suicide. The announcement came just hours after a Spanish court approved his extradition to the United States to face tax charges that could have put him in prison...
Melco Resorts Parent Investing in $1.5B Mixed-Use Development and Theme Park
The parent company of Melco Resorts, Melco International Development Limited, is taking a minority role in mixed-use development and theme park in Zhongshan. That could cost as much as 10 billion yuan (US$1.55 billion). The project site in Zhongshan neighbors Macau, where...
New Jersey AG Asks Justice Department to End iGaming Legality Discussion
New Jersey Attorney General Gurbir Grewal is calling on the US Department of Justice (DOJ) to end the years-long legal debate on iGaming in the state's favor. The Wire Act has long been a subject of controversy in modern technological times. The...
Melco Resorts ‘Get the Jab’ Campaign a Success, Program Vaccinated 2,400 Macau Residents
Melco Resorts says its "Get the Jab" campaign in Macau was a great success. The Macau casino operator says almost 2,400 people became fully vaccinated during its June 18-20 immunization drive. "With colleague immunity now established as a key company objective to...
Pennsylvania Casino Revenue Should Benefit Education, Not Horse Racing – Poll
A new poll in Pennsylvania concludes that more than eight in 10 residents in the state believe tax revenue from casino slot machines shouldn't be used to support the horse racing industry. Pennsylvania casinos are subjected to a 54 percent tax on...
Crown Resorts Director Says Company Was Aware Gaming Tax Payments Were Short
A Crown Resorts board member who rejoined the Australian casino giant in March says former company officials were well aware that it was underpaying its required taxes on gaming revenue. Nigel Morrison worked in an executive capacity at Crown Resorts from 1993...
Macau Could End Hong Kong Quarantine Requirement Effective July 3
Macau could end its mandatory 14-day quarantine requirement on visitors coming from Hong Kong as early as July 3. Government officials from Macau and Hong Kong -- China's two Special Administrative Regions (SARs) -- met this week to discuss lessening entry protocols...
