3799 stories by Philip Conneller
Caesars Completes $41.5 Million Sale of Original Harrahs Casino, 82-Year-Old Harrahs Reno
Caesars Entertainment has completed the sale of Harrah’s Reno. The original Harrah’s casino was founded in 1938 by William “Bill” Fisk Harrah. After 82 years, the property will cease to be a casino. The buyer, Las Vegas developer Chris Beavor, founder of...
Mashpee Gaming Authority Subpoenaed by Federal Grand Jury Over $1 Billion Massachusetts Casino Proposal
Federal authorities have requested the Mashpee Wampanoag Tribal Gaming Authority turn over to federal grand jury documents related to the tribe’s proposed $1 billion casino in Taunton, Mass. Investigators have demanded all records and communications related to contracts between the tribe and...
888 Eying William Hill European Arm After Caesars Takeover
The gaming company 888 Holdings would consider making a move for William Hill’s European arm, should it come on the market in the wake of a takeover by Caesars Entertainment. On Wednesday, WH’s board announced it was unanimously recommending Caesars’ £2.9 billion...
Japanese Police Arrest Top Yakuza Boss Accused of Running High-Stakes Tokyo Baccarat Den
Tokyo police said this week they had arrested a high-level yakuza boss who they accuse of operating an illegal casino in the bustling Roppongi area of the Japanese capital. Chizuka Yamamoto, 70, is a reputed “executive” of the Takumi-gumi organized crime group,...
Wife Killer Gets 10 Years for Stealing $4 Million to Fuel Gambling Habit
An Australian man who is currently serving a minimum of 23 years in a Perth prison for killing his wife has been sentenced to another ten years for fleecing victims of more than $6 million to feed his chaotic gambling habit. But...
Caesars $3.7 Billion Takeover Bid Backed by William Hill Board
Caesars Entertainment has agreed to acquire British bookmaker William Hill (WH) for £2.9 billion, or $3.7 billion, in cash. The US casino giant shut out a rival bid from its former controlling shareholder, the private equity group Apollo Global, to capture the...
Regulators Probe Potential Insider Trading in James Packer Sale of Crown Resorts Shares to Melco
Disclosures by James Packer’s investment company to Melco Resorts in advance of a $1.7 billion Crown Resorts share sale came under scrutiny Tuesday by a licensing suitability investigation in Sydney. The NSW Independent Liquor and Gaming Authority inquiry wanted to know whether...
Crown Resorts Junks Junkets as Sydney License Hangs in Balance
Australia’s Crown Resorts has suspended all its business with junket operators until June 30, 2021 while it “undertakes a comprehensive review of its processes.” Junket-fueled VIP business accounts for around seven percent of revenues said the company, whose shares fell by almost...
Gambler Sues Ladbrokes to Recoup £3.3M in Remote Bets Due to Lack of Spanish License
A Scottish gambler whose sports-betting habit was so prolific he had a designated private hotline to his local Ladbrokes outlet is now suing the bookmaker for more than £3.3 million ($4.2 million) in a bid to claw back his losses. From 2014...
Bloomberry Summoned in Case Brought by Bangladesh Bank Over $101 Million Cyber Heist
Bloomberry Resorts said in a filing this week it had been summoned to the New York State Supreme Court over 2016’s $101 million Bangladesh Bank heist. The Philippines casino operator is among 17 entities and individuals named in a civil lawsuit filed...
