5215 stories by Todd Shriber
Maduro Approves Petro-Only Caracas Casino as Dictator Looks to Support Scuffling Cryptocurrency
Venezuelan President Nicolas Maduro gave the go-ahead for the Humboldt Hotel in Caracas to open a casino, but there's a catch: all bets at the venue must be placed in petros, the country's oil-linked cryptocurrency. Introduced nearly two years ago, the petro,...
Grand Lisboa Macau Name Used by Illegal Chinese Online Gambling Ring Busted in Vietnam
A sprawling, illicit online gambling enterprise operated by Chinese nationals in Vietnam used the “Grand Lisboa Macau” name to pilfer cash from unsuspecting bettors, according to authorities that recently disrupted the ring. Vietnamese law enforcement officers teamed with China’s Ministry of Public...
GVC, William Hill, Others Could See Ratings Lowered Amid UK Barring Credit Card Use for Online Gambling
GVC Holdings Plc, William Hill Plc, and other British gaming companies could be vulnerable to lower corporate debt ratings following the UK Gambling Commission's (UKGC) plan to prohibit the use of credit cards at all of the country's gambling options except the...
Georgia Poll Shows Peach State Voters Support Casinos, Want Sports Betting
A new poll indicates support for casino gaming in Georgia is modestly increasing, while a clear majority of voters favor allowing sports wagering in the state. The Atlanta Journal-Constitution (AJC), Georgia's largest daily newspaper, surveyed 1,025 voters in the state from a...
Eldorado Pledges $500M Louisiana Spending, Boost for Belle of Baton Rouge, Venue so Bad Reeg Didn’t Stay There
Eldorado Resorts, Inc. (NASDAQ:ERI) CEO Tom Reeg told the Louisiana Gaming Control Board (LGCB) this week his company will spend $500 million over the next four years in the Pelican State. That includes enhancements to the Belle of Baton Rouge riverboat casino,...
Washington State Faces Short Clock to Act on Sports Betting Bills
Lawmakers in Washington State have submitted a pair of sports betting bills since the start of the 2020 legislative session, but they face time constraints in terms of acting on the legislation. With 2020 being an election and a non-budget year in...
500.com Draws Shareholder Class Action Suits as Japan Bribery Scandal Plagues Stock
Shares of 500.com Ltd. (NYSE:WBAI) have faltered in the wake of a Japanese corruption scandal, making the Chinese online gaming company the target of several class action lawsuits. Japanese authorities believe 500.com, which provides online lottery contests, as well as web-based slots...
Eldorado Resorts Wins Louisiana Regulatory Approval for $17.3 Billion Caesars Takeover
Eldorado Resorts, Inc. (NASDAQ:ERI) said Thursday it won regulatory approval from the Louisiana Gaming Control Board (LGCB) to proceed with its $17.3 billion acquisition of Caesars Entertainment Corp. (NASDAQ:CZR). The Pelican State is at least the second to sign off on the...
MGM Testing Obscure Sports Betting Appetite With National Lacrosse League Partnership
MGM Resorts's BetMGM unit, that company's partnership with GVC Holdings, unveiled a deal with the National Lacrosse League (NLL), marking the first wagering compact for that sport in the US. Financial terms of the deal weren't disclosed. But as part of the...
Osaka Prohibits Even Brief Meetings Between Government Workers, Casino Companies Amid Akimoto Scandal Cloud
Lawmakers in Osaka are implementing a new policy barring meetings between city and prefecture workers and gaming company representatives in response to a recent graft scandal that has ensnared several Japanese politicians. The protocols stem from bribery allegations against Tsukasa Akimoto, who...
