3663 stories by Philip Conneller
Investors in Former Lucky Dragon Casino Sue Developers for Refund After Dreams of US Citizenship Go Up in Smoke
Around 40 Chinese investors who plowed $550,000 each into the failed Lucky Dragon casino in Las Vegas are suing the developers, claiming they were “fraudulently induced” into helping finance the project, the Las Vegas Review-Journal reports. The investors believed their funds would...
MGM in Talks to Buy $2.6 Billion Encore Boston Harbor from Wynn Just Weeks Before Grand Opening
Wynn Resorts is mulling the sale of its $2.6 billion Encore Boston Harbor in Everett, Massachusetts, to MGM Resorts. The two companies confirmed a sale could be in the cards in a joint press release late Friday after The Boston Globe reported...
New Acquisitions Shine as Stars Group Posts 48 Percent Growth in Q1
Analysts were swooning over Stars Group stock this week following an earnings update that saw the PokerStars parent book Q1 revenues of $580 million, up 48 percent year over year. The Motley Fool pounced on Thursday, designating Stars a “very hot buy,”...
Employee Goes Rogue on Boss, Steals $96K, Blows It All in Four Hours at Crown Melbourne Casino
A young Japanese man who quietly liberated US$96,000 from his boss’ briefcase while he slept and squandered every last cent in just four hours at the gaming tables of Australia's Crown Melbourne Casino has been sent to prison to reflect on what...
Kidnapping, Violent Casino-Related Crime Rise in Macau as Police Vow to Clamp Down on Triad Loan Sharks
Crime linked to Macau’s casino industry was up 14.1 percent in Q1, with violent crime and kidnappings leading the surge, Secretary for Security Wong Sio Chak said Thursday. Authorities recorded 438 criminal cases related to the gaming industry -- which is the...
MGM Estimates $800 Million Settlement for Las Vegas Shooting Victims, ‘Not Even Close,’ Says Lawyer
MGM Resorts International said Thursday it could reasonably expect to pay around $800 million to settle lawsuits related to the 2017 Las Vegas shooting. In a filing to the Securities and Exchange Commission, the casino giant said settlements could be reached by...
MGM-GVC Venture, Roar Digital, Launches Borgata-Branded Online Sports Betting Platform in New Jersey
In a week that marked one year since the US Supreme Court shot down the federal ban on sports betting, Atlantic City’s Borgata Casino launched its own online wagering platform, BorgataSports.com. The casino’s owner MGM Resorts International already operates mobile sports betting...
Bill to Restore Mashpee Land Rights and Casino Ambitions Passed by US House, Despite Trump Opposition
A bill that would secure the federal trust status of the Mashpee Wampanoag tribe of Massachusetts' land was approved by the US House Wednesday. The Democrat-backed HR 312 was approved by 275-146, in a vote broadly split across party lines, although 42...
Encore Boston Harbor Vacuuming Up Hospitality Market Workforce, Complain Local Businesses
Wynn Resorts’ Encore Boston Harbor is due to fling open its doors in just over a month and the casino giant is currently scrambling to fill 5,500 positions at the $2.6 billion casino resort. As a licensing condition, the company has committed...
Chinese Triad Gang Threatens to Take Over Cambodia Casino Town in Chilling Video
A video of a Chinese criminal gang threatening to seize control of Cambodian casino town Sihanoukville has become the subject of an investigation by the Southeast Asian country's authorities and the Chinese Embassy, the South China Morning Post reports. The video depicts...
