World's online gaming authority since 1995

UK Online Gambling Business is Booming

The online gambling sector in the UK is big business: it generates enormous revenues for the country and has actually continued to build over the last five years, despite the economic woes of many other sectors during this time. In fact, it has been reported by onlinepoker.net that 2012 saw more than £2 billion generated…Read More

Let’s Make a Deal: Land Values on the Las Vegas Strip Still Way Below Their Glory Days

It’s not like it was six or seven years ago:  Boyd Gaming’s Corp.’s recent sale of the former Stardust/Echelon site to purchaser Genting Group for $350 million (which amounts to about $4.02 million per acre) indicate that land values on the Las Vegas Strip are still a staggering 90 percent below their peak almost a…Read More

Hawaii Just Says No to Gambling Study

You probably wouldn’t be too surprised to learn that gambling of any kind is banned in Utah; after all, the heavily Mormon state looks down on sinful activities of any kind. But Hawaii? How did the last state to join the Union get so persnickety when it comes to games of chance anyway? No Resolution…Read More

No Smoking Revel Going Up in Smoke with Bankruptcy

Just days short of a year since it opened to great fanfare, Atlantic City’s no smoking casino experiment Revel is looking to declare bankruptcy, based on federal securities regulators’ disclosure statements the casino filed earlier this week. Through the magic of high finance sleight-of-hand, some $1.5 billion in staggering debt will now be converted into…Read More

Toronto Casino Allegations Slow MGM, Wynn and Sands Developments

A recent report by The Toronto Globe and Mail suggests that Las Vegas casino corporations MGM Resorts, Wynn Resorts and Las Vegas Sands could all struggle to obtain their intended licenses to operate in the Ontario, Canada area due to allegations of corruption and bribery carried out during their dealings in the Chinese region of…Read More

Record-Breaking Poker Jackpot Relaunched

BetVictor Poker recently revamped and relaunched its massive Bad Beat Poker Jackpot with a record-breaking prize pool of €921,603 (those Euros translate to $1,193,291). “We’re delighted to be able to launch the all-new Bad Beat Jackpot with an industry record-breaking prize pool of over €920,000,” announced Andy Horne, head of poker at BetVictor. Easier to Win,…Read More

Macau Gaming Revenues Through the Roof for March

The economy may still be crawling back on its belly everywhere else, but in Macau, money seems to be falling out of the sky, at least for its lucrative casino industry. A J.P. Morgan analyst estimates that March gross Macau gaming revenues for the world’s most successful gambling destination ever will top out at $3.67…Read More

Chinese Laundry Through the Slots: Money Laundering Alleged for Med Tech Firm

You think you have a gambling problem? How about $116,000 per month on a slots habit? That’s how much Bi Xiaodong, wife of China Medical Technologies (CMT) CEO Wu Xiaodong, is rumored to have pumped into the high roller slot machines at Las Vegas’ upscale Wynn and Bellagio casinos between 2005 and 2010, playing with…Read More

Full Tilt Tumbles to Fourth in Cash Players; Party Poker Also Fading

The latest online poker cash player rankings from pokerscout.com reveal alarming trends for both PartyPoker and Full Tilt Poker, as they continue to lose ground not only to market leader PokerStars, but to more immediate threats in their midst as well. For Party Poker, though they’ve leapt over Full Tilt into second place in the…Read More

Little Less Conversation, Little More Retraction for Caesars Entertainment

Caesars Entertainment will be forking over $225,000 in fines to the New Jersey Division of Gaming Enforcement shortly, but the fines are for the bad behavior of a major client that went unchecked in Las Vegas. Already confused? The plot for this one has more drama than Caesar and Cleopatra themselves, and shows the delicate…Read More

Palms Sports Book Employee Pleads Guilty to Wire Fraud Charge

A 30-yr-old Palms Casino sports book employee has pled guilty to one count of conspiracy to commit wire fraud, following allegations of a multiperson scheme that bilked the casino out of more than $800,000. Kassie Baker, who is currently free on her own recognizance, received the indictment from a federal grand jury last July along…Read More

Manitoba Online Site Criticized for Creating Gambling Addicts

A Manitoba online site, Playnow.com, has come under scrutiny from a former problem gambler who claims that the online gambling site could become a problem for the Manitoba area, and that others could easily become hooked on gambling. The online casino is government-run and operated. “I think online gambling, for those poor people who will…Read More

Crown Casino Scam Takes $32 Million

Events at the Crown Casino in Melbourne have led to the famous casino being cheated out of $32 million, the most anyone has ever managed to cheat from the casino since its establishment 19 years ago. Little is known about the number involved in the cheat so far, but reports say that a high roller…Read More

MGM Stock Gets Boost as Kerkorian Eyes More Shares

Gaming news is like a dizzying ping pong match these days: one day it’s all doom and gloom (Atlantic City’s revenue slump) and the next its butterflies and roses (Genting building on the old Echelon site). Get ready to whip your head to the left yet again; 95-yr-old Kirk Kerkorian’s private investment arm, L.A.-based Tracinda…Read More

Florida Lt. Governor Resigns Amid Allegations of $300 Million Internet Cafe Scam

Florida Lieutenant Governor Jennifer Carroll is just one of more than 50 people who have been questioned in a massive Internet cafe scam investigation amid allegations that a public relations firm of which she is co-owner did PR for Allied Veterans, which reportedly fronted for the scam.  Although not herself charged with any wrongdoing in…Read More