7776 stories by Devin O'Connor
Macau VIP Junket King Alvin Chau Increases Stake in Russian Casino Tigre de Cristal
Macau billionaire Alvin Chau has increased his stake in the Tigre de Cristal casino resort in Russia's Far East. Chau did so via his Suncity Group and Summit Ascent Holdings firms. Summit Ascent announced today in a financial disclosure that it's increasing...
IMG Arena Pockets Deal with World Snooker Tour, Possibly in Anticipation of US Sports Shutdown
IMG Arena is extending its live streaming and sports betting data portfolio by striking a long-term deal with the World Snooker Tour (WST). IMG Arena links the world of sports with the sports betting industry through live streaming and real-time data services....
Hampton City Council Pleads with Virginia Lawmakers for Casino Privileges
Hampton wants to be dealt with in the forthcoming Virginia commercial gaming industry. Recently, Virginia Gov. Ralph Northam (D) signed legislation in April that allowed cities that meet a host of qualifying criteria to hold local ballot referendums to authorize a casino...
US Commercial Casino Revenue Down 19 Percent in Third Quarter, Win Totals $9B
In the third quarter of 2020, US commercial casinos won more than $9 billion on their gaming floors and interactive online and mobile platforms. The American Gaming Association (AGA) reports that total gross gaming revenue (GGR) was $9.04 billion. Slot machines accounted...
Dustin Johnson Masters Win a Major Loss for Sportsbooks
Dustin Johnson is the 2020 Masters champion. His win at Augusta National was unlike any other. For the first time in the tournament's 86-year history, the Masters was played outside of March or April. And for the first time at Augusta National,...
Macau Chief Executive Committed to Improving Financial Reporting Standards for Casinos
Macau Chief Executive Ho Iat Seng says a pillar of the next chapter of the enclave's laws governing the gaming industry will be much stricter financial reporting protocols involving large movements of capital. During Ho's Policy Address today at the Legislative Assembly,...
New York Comptroller Urges State Lawmakers to Tread Carefully with Gaming Expansion
New York lawmakers are mulling efforts to expand gaming in order to reap additional tax benefits. But state Comptroller Thomas DiNapoli is imploring them to first find a balance between the pros and cons of more gambling. Tax income from the New...
Resorts World Las Vegas Announces Strip’s ‘Most Technologically Advanced Nightclub’
Resorts World Las Vegas' presence is already known, as the Strip structure standing at 57 stories makes it the second- tallest building in the city. The property's 100,000-square-foot LED façade on the West Tower is impossible to miss. But Resorts World plans...
Borgata Cuts More Jobs, Atlantic City Casino Revenue Improves in October
Borgata in Atlantic City told 73 employees today that their jobs are being cut, and let 349 other workers know that their hours are being reduced. Borgata President Melonie Johnson said the workforce reduction is the result of new COVID-19 restrictions imposed...
Mashpee Wampanoag Tribe Chairman Cedric Cromwell Indicted on Bribery and Extortion Charges
Cedric Cromwell, chairman of the Mashpee Wampanoag Tribe in Massachusetts, has been indicted on federal bribery and extortion charges in connection to a proposed casino resort in Taunton. The US Attorney's Office for the District of Massachusetts alleges that the 55-year-old Cromwell...
