8021 stories by Devin O'Connor
Galaxy Entertainment Not Folding on Boracay Casino Despite Philippines President Rodrigo Duterte Order
Galaxy Entertainment Vice Chairman Francis Lui says the Hong Kong company isn't ready to concede its plans to build a casino resort on the Philippines' vacation island of Boracay. Galaxy has proposed a $500 million casino resort on the popular tourism island,...
DraftKings, Caesars Entertainment Reach Multistate Mobile Sports Betting and Online Gaming Partnership
DraftKings is giving Caesars Entertainment an equity position in the interactive gaming tech company in exchange for the right to be the casino operator's mobile sports betting and online gaming provider in certain states. The two companies announced the multiyear, multistate partnership...
Macau Loansharking and Financial Fraud Cases Soar in 2018, as Casinos Adhere to New Regulatory Policies
Arrests in and around Macau casinos for loansharking and financial fraud skyrocketed last year, as the enclave's Security Secretary Wong Sio Chak reported this week that more than 3,000 people were apprehended in 2018. Crimes involving fraud jumped 31.3 percent, and loansharking...
Caesars Entertainment and Carl Icahn Working to Find Company’s Next CEO
Caesars Entertainment and billionaire corporate raider Carl Icahn are working together in finding CEO Mark Frissora's successor. The next chief executive will lead the casino operator into its next chapter post-bankruptcy. According to Reuters, Icahn has nominated Affinity Gaming CEO Anthony Rodio...
Hong Kong Casino Billionaire Kazuo Okada Released Unconditionally From Bail Conditions
Japanese billionaire Kazuo Okada has been released "unconditionally" by the Hong Kong Independent Commission Against Corruption (ICAC) following his arrest in August of last year on allegations of committing fraud. Okada's Aruze Gaming said in a statement that the bail conditions previously...
Martha’s Vineyard Casino Construction Commences Despite Ongoing Challenges
A casino on Martha's Vineyard will break ground next month on the island's western edge. The announcement comes despite ongoing disputes some locals have with the gambling hall. The Wampanoag Tribe of Gay Head (Aquinnah) says it will build the controversial gambling...
Nevada Gaming Commission to Deliberate Wynn Resorts Penalty This Week
The four-person Nevada Gaming Commission (NGC) will meet tomorrow to discuss a potential penalty against Wynn Resorts following the state's 10-count sexual harassment complaint against the company. In January, Wynn Resorts and the Nevada Gaming Control Board (NGCB) announced a settlement had...
Nevada Chief Gaming Regulator Sandra Morgan Still Optimistic on Skill-Based Gaming, Says Agency Will Review 2019 Wire Act Opinion
Skill-based gaming machines have been slow to take in casinos across the country, but Nevada's chief regulator Sandra Morgan remains optimistic. Morgan – who officially became chairwoman of the Nevada Gaming Control Board (NGCB) late last month, the second woman to oversee...
LVCVA Selling Former Riviera Land, Property Includes 10 Acres Located on Strip
The land where the Riviera stood on the Las Vegas Strip for decades will soon be sold for development by the city's Convention and Visitors Authority. The Las Vegas Convention and Visitors Authority (LVCVA) purchased the bankrupt casino in February of 2015...
Caesars Entertainment Surprises Investors With Q4 Profit, CEO Mark Frissora Tenure Extended
Caesars Entertainment surprised Wall Street this week by posting a Q4 2018 profit on higher than expected net revenues. Net revenues jumped 11 percent to $2.12 billion, which exceeded analyst expectations of $2.11 billion. Profits, however, smashed the general consensus among fiscal...
