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Philip Conneller
4180 stories by Philip Conneller
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...
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...
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...
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...
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...
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...
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...
Betfred Refuses to Pay Bet Placed on WBA Bantamweight Champ Nonito Donaire by Father-in-Law
When Nonito Donaire captured the WBA bantamweight title in Glasgow, Scotland, on Saturday night it was a triumphant moment for the veteran Filipino-American boxer, who had begun his fight against Ireland’s Ryan Burnett a 12-1...
33 Online Gambling Sites Quit Australian Market in a Year
Thirty-three unlicensed gambling operators have left the Australian market over the past year, thanks to enforcement action from Australia’s communications watchdog, the Australian Communications and Media Authority (ACMA). In 2017, the country’s federal government enacted...
Irish Government Shoots Itself in Foot Over Betting Tax
The decision to double the Irish betting tax was taken "without a detailed analysis of the economic consequences,” according to a professor of Economics, and could result in a loss for government coffers. In a report commissioned...
