7779 stories by Devin O'Connor
Former Caesars Controlling Stakeholder Leon Black Discusses Jeffrey Epstein Relationship
Billionaire Leon Black is opening up about his relationship with the late disgraced financier Jeffrey Epstein. Black controlled Caesars Entertainment more than a decade ago through his Apollo Global Management. Apollo acquired Caesars Entertainment along with TPG Capital in 2008 for a...
Nevada Gaming Control Board Chair Sandra Douglass Morgan Resigns
Nevada Gaming Control Board (NGCB) Chair Sandra Douglass Morgan is resigning. Morgan was the first black woman to preside over the state agency. Morgan announced her resignation on Thursday, saying she has "an exciting professional opportunity" that she could not pass. It...
PredictIt Presidential Betting Market Hits Record 115M Trades, Biden Extends Lead
Online betting exchange PredictIt says more than 115 million shares have been traded on the 2020 presidential election outcome, an all-time record for the site. The news follows Betfair, a political betting exchange based in London, reporting that over $260 million has...
Italian Police Arrest 12 People Allegedly Involved in Lottery Fraud, Claim $28M Stolen
Police in Italy allege that four employees of Lottomatica Holding devised a scheme to enrich themselves and their families by rigging the lottery in their favor. Lottomatica Holding is a subsidiary of International Game Technology (IGT). The Guardia di Finanza, Italy's law...
Japan Prime Minister Suga Reaffirms Commitment to Integrated Resort Casinos
Japan Prime Minister Yoshihide Suga says despite setbacks caused by the COVID-19 pandemic, the country will continue pursuing integrated resort (IR) casinos. Suga has long been a loyal Abe confidant. He plans to remain steadfast in pushing his former leader's economic positions....
Casino Giants Express Interest in Chicago Integrated Resort Project
Chicago Mayor Lori Lightfoot (D) sent out a request for information (RFI) in early September for her city's casino integrated resort. Several of the country's largest gaming companies heeded the call. MGM Resorts, Wynn Resorts, Hard Rock International, and Chicago-based Rush Street...
2020 Presidential Election Setting Betting Records, $1B in Wagers Possible
The November 3 presidential election between President Donald Trump and former VP Joe Biden is officially the largest single betting event in the history of London betting exchange Betfair. The world's largest betting exchange, which allows gamblers to buy (back) and sell...
Japan Opposition Leader Urges Public to Resist Integrated Resort Casinos
Japan Councilor Renho Saito, often simply referred to as just Renho, is calling on the public to oppose the legalization of commercial gambling. A former leader of the opposition party in Japan's National Diet, the powerful lawmaker says the central government should...
Las Vegas Strip Revenue Down Nearly 40 Percent, Nevada Gaming Industry Reeling
Casinos on the Las Vegas Strip won just shy of $354.7 million in September. That was more than 39 percent year-over-decline. It marked the seventh consecutive monthly revenue loss, as COVID-19 continues to limit visitor volume and conventions remain on hold. The...
Michael Bloomberg Gives Joe Biden Campaign $115M, Odds Focus on Battleground States
Billionaire Michael Bloomberg is funding Joe Biden's final 2020 campaign push to oust President Donald Trump from the White House. Bloomberg spent more than $500 million on his own short-lived 2020 presidential campaign. Worth an estimated $55 billion, Bloomberg is once again...
