3703 stories by Philip Conneller
Macau Appeals Court Slaps Down Multibillion AAE Claim Vs. LVS
A Macau appeals court has dismissed a bid by Asian American Entertainment (AAE) to revive its longstanding multibillion-dollar lawsuit against Las Vegas Sands (LVS) over a business agreement that dissolved unhappily almost 25 years ago. AAE, a company owned by Taiwanese businessman...
Macau Enforcing Ban on ‘Mark Six’ Hong Kong Lottery
Macau’s legislature passed a bill Wednesday to tighten controls on illegal gambling in the special administrative region. The new ‘Law to Combat Illegal Gambling Crimes’ prohibits activities such as unlicensed money exchanges and loansharking in casinos and the promotion of unauthorized online...
Entain Reports Strong Q3 After UK ‘Tax Raid’ Scare
Online gambling giant Entain upped its earnings guidance following a better-than-expected Q3. It’s a silver lining in a week when the company’s shares took a big hit over news that the UK government was planning a “tax raid” on the industry. The...
Resorts World Bimini Lawsuit Could Impact Genting’s NY Casino Hopes
A lawsuit filed against Genting by its joint-venture partner in Resorts World Bimini, RAV Bahamas, could impact the Malaysian casino giant’s bid for a New York casino license. That’s according to analyst firm CGS International Research, which also expressed concerns about a...
Aussie Teacher’s In-Class Betting Syndicate, Student Assault Trial Hits Snag
The trial of a teacher accused of running an in-class gambling syndicate and of indecently assaulting two female students was halted this week after the presiding judge was allegedly overheard saying he “could not wait for the matter to be over and...
Pennsylvania in Talks to Join Multistate Online Poker Agreement
Pennsylvania is poised to join the Multi-State Internet Gaming Agreement (MSiGA), which means it could soon begin sharing its online poker liquidity with other states in the compact Current signatories to MSiGA share player pools across their borders, and soon, players in...
Kalshi US Election Case Fast-Tracked as Trump Gains Edge in Prediction Markets
A federal appeals court in Washington DC has expedited a complaint by the Commodity Futures Trading Commission (CFTC) that seeks to block financial exchange and prediction platform Kalshi from offering bets on US politics. However, the fast-tracked appeal won't impact Kalshi’s ability...
Muscogee Nation Scores Win in Wind Creek Casino ‘Grave Desecration’ Case
A federal appeals court in Atlanta has revived a complaint brought by an Oklahoma-based tribe that accuses a related tribe in Alabama of desecrating a sacred burial ground when it built its casino. The land, known as the Hickory Ground, near Wetumpka,...
UK Gambling Shares Tumble on Fears of Government Tax Grab
Shares of UK-based betting companies took a big hit in early trading Monday as investors reacted to reports that the British government was planning a “tax raid” on the industry. Investors appear to have been spooked by a story published in The...
Gambler Accused of Embezzling $26M Drops Lawsuit Against Sportsbet
An accused fraudster who prosecutors claim stole AU$26 million (US$17.5 million) from his tax advisory business to fund an out-of-control gambling addiction has dropped his civil lawsuit against the country’s leading online sportsbook, Sportsbet. Benjamin Carter was arrested in July 2013 at...
