3704 stories by Philip Conneller
Gambler Plans to Sue BetBright Over Bets Voided in 888 Acquisition
A former BetBright customer whose bets could have netted him £30,000 ($40,000) had they not been voided by the company last week told the UK’s Guardian newspaper he is preparing legal action against its former owners, Desdert (Ireland) Ltd. BetBright abruptly ceased...
LVS v Richard Suen Trial Underway, Hong Kong Businessman Demands $376 Million
Hong Kong businessman Richard Suen wants Las Vegas Sands Corp. to pay him $347 million for services rendered to the gaming giant in Macau in the early 2000s. But a lawyer for LVS said the absolute maximum Suen deserves is $3.76 million...
Ontario Calls for Single-Game Betting in Canada with Support of Pro Sports Leagues
Ontario finance minister Vic Fedeli has petitioned the Canadian federal government to shake up the country’s abstruse sports betting laws, which he says are costing his province alone $110 million per year in revenue, lost to the black market. In a letter...
North Florida’s Racetrack Bingo Ordered to Forfeit $6 Million Over Illegal Gambling Racket that Defrauded Local Charities
The owners of Racetrack Bingo in Fort Walton Beach, Florida, have been ordered to forfeit $6 million to the federal government after being convicted last month of operating an illegal gambling business that bilked local charities out of $8 million over eight...
Rhode Island Legislature Fends Off GOP Challenge to Pass Mobile Sports Betting Bill
Rhode Island’s mobile sports betting bill has cleared both chambers of the state legislature and now awaits sign off by Governor Gina Raimondo. That signature is all but assured -- Raimondo’s proposed budget for the fiscal year that begins July 1 includes...
‘Persecuted’ Sweepstakes Operator Spearheads Impeachment of Honolulu’s Embattled Top Prosecutor
Honolulu’s top prosecutor, Keith Kaneshiro -- once the scourge of sweepstakes operations in the gamble-dry state of Hawaii -- has had a week to forget. Under investigation for public corruption, the Prosecuting Attorney of Honolulu -- an elected official -- finally yielded...
888 Books 2018 Profit Growth Despite UK Headwinds, But Analysts Chide ‘Underperformance’
888 Holdings has reported double-digit profit growth for 2018, despite a dip in revenues amid an increasingly challenging regulatory environment in the UK. The company reported an 11 per cent rise in profit, to $86.7 million, as well as record EBITDA (earnings before interest,...
Wynn Resorts, Steve Wynn File Motions to Dismiss $3 Billion Boston RICO Lawsuit
Both Wynn Resorts and its former chairman and CEO, Steve Wynn, have hit back at a lawsuit that accuses the company of racketeering in relation to its bid to secure licensing for the Encore Boston Harbor, back in 2014. On Friday, Steve...
Icahn Increases Grip on Caesars to 17.75 Percent, Sale or Merger Now Likely
Billionaire activist investor Carl Icahn has increased his stake in Caesars Entertainment to 17.75 percent, according to a Monday SEC filing. The 83-year-old is now the largest shareholder in the Caesars group. Icahn has been slowly increasing his ownership since the news...
Michigan Online Gaming Pushes Back, Minus Naysaying Governor Snyder
Michigan State Rep. Brandt Iden (R-61st) has reintroduced an online casino bill that last year came as close to becoming law as it is possible to do without actually making it over the line. Iden’s bill had been passed by the House...
