3972 stories by Philip Conneller
CG Technology Swerves License Revocation With $2 Million Fine After Regulators Make Company Sweat
Nevada sports book operator CG Technology -- formerly Cantor Gaming -- breathed a sigh of relief on Thursday when the Nevada Gaming Commission (NGC) accepted the company’s offer of $2 million to settle serious compliance failures but left its gaming license intact....
California Tribes Sue Card Clubs Over ‘Illegal’ House-Banked Games
California’s Rincon Band of Luiseno Indians and Santa Ynez Band of Cumash Indians have launched legal action against many of the state’s card rooms for operating what the tribes consider to be house-banked card games. California’s 55 tribal operators have exclusivity on...
Crown Resorts Shares Plunge 20 Percent in Three Months, Packer Takes $824 Million Hit
Poor VIP turnout at Crown Resorts properties has shaken investor faith in the Australian casino giant, with share prices nosediving almost 20 percent since mid-August. According to The Australian Financial Review, the plunge has wiped over $824 million off the net worth...
Congressman Demands DOJ Opinion on Sports Betting, Calls for Federal Regulation
US Representative Jim Sensenbrenner (R-Wisconsin) believes the “worst option” for the federal government is to defer completely to states on sports betting regulation. In a letter addressed to US Deputy Attorney General Rod Rothstein, dated November 15, Sensenbrenner writes that it’s “clear...
Foxwoods Reports Slots Revenue Dips as MGM Competition Starts to Pinch, Satellite Casino Still Nowhere in Sight
Connecticut’s Foxwoods Resort Casino reported a 10 percent drop in slots revenue in October, as competition from Massachusetts’ MGM Springfield begins to bite. The Mashantucket Pequot-owned casino resort said the year-on-year plunge followed a 5 percent decline in September. Connecticut’s other tribal...
Top Chinese Lottery Officials Paraded After Possible $20 Billion Embezzlement
Fourteen Chinese lottery officials are rumored to have siphoned off $20 billion from the state-owned Welfare Lottery. On November 9, the Chinese Communist Party’s internal disciplinary agency published videos on its website showing four senior lottery officials confessing to the embezzlement of...
Bet365 to Become Empire Resorts’ Second-Biggest Shareholder Through Sports Betting Deal
UK sports betting giant Bet365 has teamed up with Resorts World Catskills' owner Empire Resorts in a deal that will see it provide the Upstate New York casino with digital and physical bookmaking operations -- that's provided New York regulates sports betting,...
Imperial Pacific Denounces ‘Fake News’ Bankruptcy Rumors
Saipan casino developer Imperial Pacific International (IPI) says that rumors circulating on social media regarding the company’s financial status and one of its senior executives are false. In a press statement released Monday, the company categorically denied it had entered into bankruptcy...
NBA Signs First European Sports Betting Partnership with French State-Owned Gaming Operator Française des Jeux
The NBA is beginning to realize that opportunities arising from its new relaxed attitude to sports betting are not confined to the recently liberalized US market. On Tuesday, the league announced it had signed an exclusive partnership deal with Française des Jeux...
‘Blue-Collar Worker’ Placed Five-Figure Sum on Daniel Sturridge Loan Move
A five-figure bet on Liverpool and England soccer star Daniel Sturridge moving to Inter Milan during last January’s transfer window startled one leading bookmaker, who suspected it was made using insider information, The Daily Telegraph reports. If it were, the information proved...
