World's online gaming authority since 1995

Kevin Horridge

Our math man, Kevin is the number guru. He calculates odds in his head the same way the rest of us make a cup of coffee. He gets involved in all the news stories involving numbers, and we often turn to him for help on financial news stories as he used to be in banking. However, he says that being a gambler is a far more respectable occupation these days.

Casino Anti-Money Laundering Safeguards Receive Praise

anti-money laundering casinos FATF FinCEN

Anti-money laundering protocols implemented by casino and gaming companies over the last decade are working, and a new report is giving praise where praise is due. The Financial Action Task Force (FATF), an independent intergovernmental body that develops and promotes policies to safeguard global financial systems, says in its decennial report that “the gaming industry…Read More

MGM National Harbor Betting on A-List Entertainment to Attract Visitors

MGM National Harbor casino opening

MGM National Harbor opens its $1.4 billion doors on December 8, and with it marks the sixth casino resort to open in Maryland. Paired with Pennsylvania’s 12 casinos, Atlantic City, and planned gaming expansion in Massachusetts and Connecticut, industry analysts are anxiously awaiting to see how the cluttered casino market responds to another addition. But…Read More

Feds Quietly Confiscate Millions in US Customer Winnings

Feds Intercept BetUS funds

In June 2011, just months after Black Friday, when the US Department of Justice swooped on the world’s biggest online poker sites freezing accounts and indicting their owners, authorities struck another, far-less-publicized blow against offshore online gambling. According to a report by the Seattle Post-Intelligencer this week, that month a Seattle-based US Secret Service taskforce…Read More

Macau Revenues Surge to $2.4 Billion, Region Posts Best Month Since 2014

Macau revenues casino gaming Lawrence Ho

Macau revenues topped all gaming expectations in November by climbing over 14 percent to 18.8 billion patacas ($2.35 billion). While it takes state gaming agencies at least a week or two to unveil gaming numbers in the US, Macau wastes no time in publishing monthly financial data. Just hours into December, Macau is bringing Christmas…Read More

“Anonymous” Bitcoin Users’ Details Must be Turned Over to IRS, Federal Court Rules

irs-goes-after-bitcoin-wallets

Cryptocurrency Bitcoin’s status as an anonymous, decentralized digital money source was undermined this week, for Americans at least, by a federal court ruling that grants the Internal Revenue Service (IRS) powers to seek information on its users. On Wednesday, Judge Jacqueline Scott Corley of the California Northern District Court ruled that America’s largest Bitcoin service,…Read More

Glenn Straub Wants to Make Atlantic City Great Again, Sues New Jersey

Glenn Straub Revel TEN Atlantic City

Glenn Straub says through his attorney that he wants to make Atlantic City great again, but the state’s delaying of his hotel’s permit is preventing him from reopening the Revel Casino under the new moniker TEN. Taking a slogan out of President-elect Donald Trump’s campaign playbook, Straub attorney David Stefankiewicz tells the Associated Press, “Mr….Read More

Undeterred by Snafus, David Baazov Gets Renewed Commitment From Amaya Bid Financiers

head-and-shoulders-amaya-investment

With the publicly expressed confidence of one of his Hong Kong investors, ex-Amaya CEO David Baazov is back, with a renewed buyout proposal for the company he helped co-found. Stanley Choi, chairman of Head and Shoulders Financial Group, told Bloomberg in a phone interview from Hong Kong that Baazov had his company’s “full support” and that…Read More

Casinos Offer Alternatives for Those Escaping Holiday Pressures

casinos holiday season escapes Las Vegas

Casinos provide plenty of alternative recreation for those looking to escape the pressures of the holiday season or avoid it altogether. For many Americans, November and December is a joyous time where family and friends come together to celebrate their religious beliefs and good tidings. For others, it’s downright stressful, cumbersome, and for some, the worst…Read More

Oakland Mayor Nearing End Zone to Privately Finance New NFL Stadium

Oakland Mayor Libby Schaaf Raiders Vegas

Oakland Mayor Libby Schaaf (D) says local leaders are close to securing a deal with private investors to build a new NFL football stadium in the Bay Area. As Mark Davis continues to press forward with moving his Oakland Raiders franchise to Las Vegas, city officials in Oakland are making a last-grasp effort to retain…Read More

Alleged Baazov Private Equity Backer Denies Any Knowledge of Amaya or Buyout Deal

KBC denies knowledge of Baazov Amaya bid

November 23, 2016 UPDATE: According to Canada’s CBC News, Baazov today admitted that the Dubai firm he had claimed was part of his private financing equity deal was, in fact, never informed that they were included in his buyout bid commitment letter to Amaya. Nonetheless, the former CEO, who is awaiting trial by Quebec’s financial…Read More

Casino Industry Rallies as US Stock Market Hits All-Time High

us-stock-market-hits-record-highs

The US stock market closed at an all-time high on Monday night, with bullish investors buoyed by the idea that a Donald Trump presidency will be good for big business. The Dow Jones industrial average, Standard & Poor’s 500, and NASDAQ all set records, the first time in 17 years that all three have reached…Read More

Carl Icahn Mulling Economic Position in Trump Administration

Carl Icahn economic advisor position

Carl Icahn is reportedly considering an official economic position offered by President-elect Donald Trump. FOX Business Network says it has learned the two New York billionaires who have both owned casinos are in talks to bring Icahn onboard as an economic advisor to the presidential administration. While New Jersey State Senate President Stephen Sweeney (D-District…Read More

UK Bookies Snub “Kangaroo Court” Betting Inquiry On FOBTs

Tracey Crouch MP disappointed by ABB snub

The Association of British Bookmakers (ABB) deliberately snubbed an All-Party Group parliamentary hearing last week on fixed-odds betting terminals (FOBTs), branding the meeting a “kangaroo court.” The UK government has launched a regulatory review into the UK betting industry this week, with a particular focus given to the controversial terminals, which the press routinely dubs…Read More

The Crown Resorts Board Blasted Over China Detentions in Confidential Report

Crown Resorts Board Slammed in Regnan report.

Crown Resorts’ board of directors has been lambasted by a confidential report compiled for high-end stock market investors, according to News Corp Australia. The report paints an ugly picture of James Packer’s Australian casino giant and its executives’ “lack of operational experience in gaming and in Asia,” in the wake of the arrest of 18…Read More

Genting Dumps South Korea Casino Project to Focus on Japan

Genting sells stake in Resorts World Jeju

Malaysian casino giant Genting has agreed to sell its 50 percent stake in Resorts World Jeju, a $1.8 billion development on Jeju Island in South Korea, due to open in late 2017. The casino group said that it wants to focus its brand on other areas, namely Japan, and to a lesser extent, Singapore. Hong…Read More