3799 stories by Philip Conneller
CG Technology Proposes $2 Million Settlement to Make Regulator Heat Go Away
CG Technology (CGT) is hoping a payment of $2 million will convince gaming regulators to drop ongoing disciplinary action and allow the company to continue to operate its sports books in Nevada. CGT, formerly Cantor Gaming, has been hauled up in front...
Atlantic City Mayor Frank Gilliam Investigated Over Golden Nugget Parking Lot Fight
Atlantic City’s Democratic mayor Frank Gilliam Jr. has waffled on reports that he assaulted a female security guard during a fracas outside the Golden Nugget casino on Sunday morning, backtracking on an initial denial after security footage seen by The Press of Atlantic City appeared...
Golden Entertainment Results Far From Stratospheric, Company Posts Q3 Loss
Stratosphere owner Golden Entertainment said during an earnings call this week it had experienced a “challenging” third quarter, as it posted a net loss of $3.1 million. Revenues for the tavern owner-turned budding casino giant nearly doubled to $210.3 million from $107.7...
US-China Trade War May Be Hurting Las Vegas Strip Baccarat Revenues
Is Las Vegas starting to feel the pinch from the US-China trade war? It may be a coincidence, but revenues from baccarat -- the game favored by the Chinese high-roller, and a key driver of growth in the Las Vegas casino sector...
Scientific Games Plunged $350 Million Into the Red in Q3 by Shuffle Machine Lawsuit
Casino equipment and gaming solutions giant Scientific Games (SG) booked a $351.6 million loss for Q3, the lion’s share of which is attributable to an argument about a card-shuffling machine. In May, a federal court ordered SG to pay competitors $315 million,...
Delaware North to Drop $137 Million on Australia’s SkyCity Casino Darwin
US hospitality and gaming group Delaware North (DN) will acquire the SkyCity Casino Darwin in Australia’s Northern Territory in a deal worth $137 million. It will be the Buffalo, New York-based company’s first foray into casino ownership outside the US market, where...
Radio Host Craig Carton Found Guilty of $5.6 Million Fraud to Fund Gambling Habit
Former New York sports radio host Craig Carton is facing a maximum 45 years in prison after being found guilty of securities and wire fraud charges relating to a bogus ticket reselling business that bilked investors out of millions. A Manhattan jury...
Japan’s Loot-Box Mobile Games Industry in Decline as China Levels Up
As the debate about loot-boxes and gambling continues to rage, the industry that started it all is in freefall, Bloomberg reports. The Japanese “gacha” mobile games market has spawned some of the most lucrative digital products in history, generating some $55 billion...
Louisiana Legalizes Daily Fantasy Sports in 47 of 64 Parishes
Daily fantasy sports is coming to Louisiana -- or most of Louisiana, at least. Voters on Tuesday agreed to legalize the contests in 47 of the state’s 64 parishes. The Louisiana legislature comfortably passed a bill removing the state-level prohibition on DFS...
Florida Overwhelmingly Votes to Ban Greyhound Racing
Florida -- the nucleus of greyhound racing in the US -- has banned the sport by public referendum. State residents on Tuesday voted overwhelmingly in support of Amendment 13, a measure that will phase out races by 2021. Some 69 percent of...
