2587 stories by Ed Silverstein
Ron Perelman To Sell Scientific Games Stake to Caledonia for About $1B
Scientific Games (NASDAQ:SGMS) Chairman Ron Perelman is going to sell his 39 percent stake in the Las Vegas-based gaming equipment manufacturer for about $1 billion. The buyers are Australia’s Caledonia, an investment management company, and other institutional investors, the company announced on...
North Carolina’s Harrah’s Cherokee Casino Setting for Attempted $350,000 Money Laundering Plot
An attempt to money launder over $350,000 at North Carolina’s Harrah's Cherokee Hotel and Casino led to seven suspects being charged last week and federal officials seizing a total of $2.1 million. According to a recently released federal indictment, two of the...
FIFA App Lets Players Report Suspected Match-Fixing
FIFA will soon provide its professional players an app to report possible football match-fixing. The smartphone app’s release comes as concerns increase about organized criminal targeting of football betting. FIFA, football’s world governing body, and FIFPRO, the players’ union, endorsed the Red...
Missouri Gaming Equipment Manufacturer Still Funding Political Campaigns
Torch Electronics, a provider of slot machine-like games to Missouri businesses, continues to donate to the campaigns of state politicians who could vote on whether the devices are legal. The Missouri-based company is one of the largest contributors to Missouri Growth, a...
Nebraska Gaming Vote Pushed Forward by State Supreme Court
Gambling expansion is a step closer in Nebraska after the state’s highest court paved the way for a three-initiative referendum in November, by a narrow 4-3 decision Thursday, Sept. 10. A majority of the justices rejected the arguments from Secretary of State...
Online World Series of Poker Shatters Records with $27.6M Prize Pool
The World Series of Poker (WSOP) online event wrapped up Labor Day weekend after about two months of play. It set several new poker records, including the largest-ever online tournament prize pool. The event featured the largest online poker tournament prize ever...
Japanese Casino Scandal Leads to New Charge Against House of Representative Official
A Japanese bribery scheme has resulted in continuing criminal counts against Tsukaa Akimoto, a high-ranking politician who once shaped resort casino development in the East Asian nation. On Wednesday, the 48-year-old House of Representatives member was charged for the second time in...
Southwest Tribal Casinos Face Worrisome Outlook for Recovery
Tribal casinos in the rural Southwest may be the most vulnerable to slow economic recovery, one noted economist warns. Tourism is a key revenue generator for casinos in Indian Country. That's particularly so during the summer months, Joseph Kalt, a political economist...
Harrah’s Southern California Former GM Sues Caesars Entertainment Over COVID-19 Concerns
Caesars Entertainment, which operates Harrah’s Resort Southern California, has been sued by the casino’s ex-senior vice president and general manager after he claimed to have warned the company about coronavirus health risks before its reopening. The resumption of operations at the Valley...
Wagering at New York Bar on Number of Shooting Deaths Leads to Outcry, Inquiries
A betting pool at a Long Island, New York bar on how many people would die in shootings in either New York City or Chicago this Labor Day weekend was disbanded following public outrage. Now the bar, called The Cliffton, faces an...
