3704 stories by Philip Conneller
New Mexico Racino Bidders Call Out ‘Secret Settlement’ in Increasingly Fraught Tender Process
The tender to find a buyer for New Mexico’s sixth and final racino license has proved to be trickier than expected, but events took a turn for the even-worse this week when some bidders accused the gaming regulator and the State Attorney...
GVC Digital Operations Up 18 Percent in Q1, Too Early to Tell on FOBTs, Says CEO
When online gambling giant GVC acquired Britain’s biggest retail bookmaker, Ladbrokes Coral, last year it had the most to lose from the government’s threat to put the squeeze on highly lucrative but controversial fixed-odds betting terminals. But Morgan Stanley noted this week...
Women Make Up Majority of Gambling-Addicted Swedes for First Time Ever: Study
Women now make up the majority of people with gambling problems in Sweden, according to a new survey by the country’s health authority. The survey found that of an estimated 45,000 Swedes believed to be problem gamblers, 64 percent were women. It’s...
Genting Borrows $1 Billion to Finish Resorts World Las Vegas
Malaysian casino giant Genting announced in a filing to the Malaysian stock exchange, Bursa Malaysia, Wednesday that its Las Vegas subsidiary, RWLV, had sold a $1 billion, ten-year bond to finance the completion of the $4 billion Resorts World Las Vegas. The...
Online Gambling Ads Picked Up by Tech That Simulates Kids’ Browsing Habits
Five online gaming firms have been exposed by the UK advertising watchdog for potentially advertising gambling to minors on the web, The Guardian reports. The Advertising Standards Authority used fake online avatars that mimic the browsing habits of children in a bid...
Federal Court Sides With New Mexico Tribes Over $60 Million Bill on Non-Existent Revenues
A federal judge in New Mexico has ruled the states’ assertion that six of its tribal operators owe millions in revenue-share back payments is based on flawed accounting, The Santa Fe New Mexican reports. In 2017, the New Mexican Gaming Control Board...
February 2021 Launch for West Virginia Online Gaming: Lottery Director
Last week, West Virginia became the fifth jurisdiction in the US to legalize online casino gaming and poker, but Mountain State residents who may be itching to log on and start check raising and doubling down will have to let it ride,...
LVS to Pump $3.3 Billion into World’s Most Profitable Casino: Marina Bay Sands, Singapore
Sheldon Adelson’s Las Vegas Sands Corp is to plow $3.3 billion into revamping and expanding its Marina Bay Sands resort in Singapore -- the richest casino company in the world’s most profitable property. In a filing to the Securities and Exchange Commission...
Argentina’s Biggest Province Buenos Aires Legalizes Online Gaming but Soccer Wants a Cut
The Argentine province of Buenos Aires -- the country’s largest jurisdiction and home to the namesake capital city -- has enacted a regulatory decree to legalize online gambling. Decree 181 was signed by the province’s popular governor María Eugenia Vidal on Monday,...
Mobile Sports Betting Snubbed in New York State Budget After Assembly Refuses to Back It
New York State leaders reached agreement on a $175 billion budget Monday that Governor Andrew Cuomo described as the best of his tenure. But notably absent were revenues derived from the regulation of recreational marijuana – of which Cuomo is an enthusiastic...
