Formula One’s new owner, Liberty Media, believes that gambling is a largely untapped revenue stream that offers the sport huge potential. The US mass media company is in the process of purchasing a controlling stake in the global racing business that would value Formula One at $8 billion, and a shake-up is expected. Formula One…Read More
Sands Bethlehem is looking to expand its horizons. Pennsylvania’s most profitable casino in terms of gross revenue is reportedly in the early stages of spending $40 million to build additional gaming and dining space at its northeastern Pennsylvania resort. Allentown’s The Morning Call newspaper broke the news that Sands Bethlehem has filed plans with the…Read More
A special Sochi gambling zone is being created by the Russian Federation to help the city offset the lingering debts incurred from hosting the 2014 Winter Olympics. Prime Minister Dmitry Medvedev signed the executive order in late August, and Sochi will be officially allowed to commence gambling activities in the coming months. Since 2009, gambling…Read More
European teens have found a new vice, and it comes in the form of online gambling. According to a new study published by the European School Survey Project on Alcohol and Other Drugs (ESPAD), teens in Europe are smoking and drinking alcohol at lower rates, but online gambling frequency is on the rise. ESPAD conducts…Read More
Bitcoin is real money. That’s the opinion of U.S. District Judge Alison Nathan, who this week rejected the argument of a defendant who had argued that bitcoin did not qualify as “funds” under the federal law. Anthony Murgio is charged with two counts of money-laundering in relation to his operation of Coin.mx, an unlicensed bitcoin…Read More
Eldorado Resorts is set to buy Isle of Capri Casinos in a cash and paper deal worth around $1.7 billion. As part of that figure, Reno-based Eldorado will assume $929 million of Capri’s debts. The combined company will now own 20 properties in 10 states and would have generated roughly $1.8 billion in revenue over…Read More
Steve Wynn’s troubles in Massachusetts continue as he seeks to expand his empire on the East Coast. After a protracted and occasionally bad-tempered bidding war with Mohegan Sun, Wynn won the bid for the state’s final remaining casino license, defeating various municipal lawsuits in the process. Wynn Resorts is now getting down to the business of transforming…Read More
Caesars’ junior creditors have successfully forced the casino group’s controlling private equity backers to reveal details of their wealth. The request was granted on Wednesday by the judge presiding over the $18 billion dollar bankruptcy of Caesars’ main operating unit, Caesars Operating Entertainment Corp (CEOC). “These folks are going to have to pony up the…Read More
The Las Vegas NFL stadium being proposed by billionaire Sheldon Adelson and Oakland Raiders owner Mark Davis received a critical vote in its favor this week. On September 15, the Southern Nevada Tourism Infrastructure Committee (SNTIC) voted unanimously to provide the football stadium project with up to $750 million in public funding. Davis has already…Read More
The presidential candidates’ foundations are quickly becoming an imperative factor in the 2016 election. The Clinton Foundation and the Donald J. Trump Foundation have both come under fire in recent weeks, and opponents on both sides of the aisle are trying to make the claim that the nonprofit’s have been used for either political or…Read More
Japan, the Sleeping Giant of casino gaming, is once again considering legalizing casinos, opening up a market that could be the second biggest in the world after Macau, according to analysts. Japan came very close to legalizing casinos in 2014, when it was said that the market could be worth $40 billion a year, although…Read More
Arkansas’ push to legalize casinos faces opposition from a bipartisan group of 40 state lawmakers, many of whom spoke out against the proposal at a news conference this week. State residents are due to vote on the question of whether to legalize casino gaming, thanks to the efforts of the Arkansas Winning Initiative (AWI), which…Read More
Russian hackers infiltrated the World Anti-Doping Agency (WADA) database this week and are now exposing what they found. The hackers publicized the medical records of several prominent US Olympic athletes, including gymnastics all-around gold medal winner Simone Biles and superstar tennis sisters Serena and Venus Williams. The espionage group behind the attack, self-titled the “Fancy…Read More
Utah Representative Jason Chaffetz (R) and Las Vegas Sands CEO Sheldon Adelson (also definitely a Republican) have some connective tissue when it comes to their views on who they hope becomes the next US president. Each may be focused in slightly different directions, but their six degrees of separation when it comes to their vision…Read More
Caesars’ long-suffering mediator in its chapter 11 bankruptcy case has thrown in the towel. The casino giant is currently embroiled in what one of its own lawyers described as the “largest and most complex bankruptcy in a generation” as it seeks to placate junior bondholders while shaving an $18 billion debt-load down to around $10…Read More
American Gaming Association Recommends Repealing Sports Betting Ban
North Jersey Casino Expansion Ad Campaign Comes Down, Amid Growing Sense It Ain’t Gonna Happen
Liberty Media Thinks Formula One Is Missing Out on Gambling Revenue
Huma Abedin Almost-Ex Anthony Weiner Scandal Adds to Clinton Drama as Election Inches Closer
Prediction Markets and Betting Lines Go Crazy, as First US Presidential Debate Approaches
Jimmy Kimmel's Cousin Sal Announces NFL Sports Betting Show 
Carl Icahn Files Closing Paperwork for Trump Taj Mahal Huma Abedin Almost-Ex Anthony Weiner Scandal Adds to Clinton Drama as Election Inches Closer 
Hillary Clinton Health Scare Causes UK Bookies to Cut Odds on Trump Victory 
Suicide on Hoover Dam Bridge Shines Light on Las Vegas' Dirty Secret 
