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Philippines President Rodrigo Duterte Warns PAGCOR Officials to Avoid Graft and Corruption

Rodrigo Duterte PAGCOR Philippines

Philippines President Rodrigo Duterte warned government gaming regulators and casino operators yesterday that he would give no mercy against individuals who engage in graft or corruption. Speaking at a Philippine Gaming and Amusement Corporation (PAGCOR) event in Manila, the president said that while he appreciates the tax revenue the industry creates, he has zero patience…Read More

Cryptocurrencies Pose Regulatory Risk for Casinos in Asia, Says Ex-Police Chief 

Former Hong Kong police chief Steve Vickers

Cryptocurrencies are bad news for Asia’s casinos and gaming companies that flirt with them should expect a regulatory backlash from Beijing and other governments. That’s the lowdown from Steve Vickers, the former commander of the Royal Hong Kong Police criminal intelligence bureau, and now the head of his own specialist risk mitigation, corporate intelligence, security…Read More

MGM Cotai Grand Opening Celebration Delayed Until February, But Resort Still Opening This Month

MGM Cotai Macau casino resort

When first envisioned in 2013, Macau’s MGM Cotai was slated to open in early 2016. The $3.3 billion integrated casino resort has been repeatedly delayed over the last five years due to everything from economic concerns to mother nature. So perhaps it’s only fitting that while the casino will open for business on January 29,…Read More

GVC Holdings Says 2017 Earnings at ‘Top End’ of Company Forecast

GVC Holdings Ladbrokes Coral

GVC Holdings says in a trading update to investors that its 2017 earnings will be “at the top end of management’s internal expectations.” Following a strong fourth quarter where net gaming revenues rose 21 percent to 279.5 million euros ($333.9 million), GVC says its full-year bottom line is now expected to be upwards of €1…Read More

Casino Audit Finds Lots of ‘Housewives’ and ‘Students’ Gambling at High Stakes Tables

BC casinos money laundering

Who knew so many high-stakes gamblers made their livings as a “student” or “housewife”? As part of an effort to snuff out money laundering by organized crime, a review of casino finances found that these two occupations made up an unusually large portion of high rollers in British Columbia, leaving BC’s attorney general to question where…Read More

Extreme FOBT Max Bet Reduction Not So Bad, Says Study, But Betting Industry Still Balks

UK Minister for Culture Media and Sport, Nick Hancock

An impending fixed-odds betting terminal max bets crackdown in the UK would not have quite the crippling impact on the bookmaking industry, and by extension, government tax coffers, as has been previously suggested, according to new research. A report by the Centre for Economics and Business Research (CEBR) comes as the country’s Department for Culture, Media…Read More

Penn National Wins First Pennsylvania Satellite Casino Bid, Follows Lawsuit Against State

Penn National York satellite casino

Penn National Gaming won the first of 10 Pennsylvania satellite casino auctions with a $50.1 million bid to place a gambling venue in York County. The Wednesday development comes on the heels of a lawsuit filed by the company on Tuesday against the state that alleges the Category 4 mini-casinos, authorized in a massive gambling…Read More

Gaming Equipment Manufacturers See (Mostly) Rising Stock Prices in December

Trevor Croker, Aristocrat Technologies

The Association of Gaming Equipment Manufacturers (AGEM) Index posted notable gains for the fourth consecutive month, a positive indicator of growth for the multibillion-dollar casino equipment sector. The composite index includes 12 publicly traded gaming equipment manufacturing companies listed on various international stock exchanges, and for December, the AGEM index gained 24.14 points (4.9 percent),…Read More

PAGCOR Casino Sell-Off to Be Completed in Next Few Months, Philippines Official Says

PAGCOR casinos gambling Philippines

PAGCOR, the Philippine Amusement and Gaming Corporation, is in the process of unloading its government-owned casinos, as directed by President Rodrigo Duterte, who wishes to transform the agency into a regulator-only capacity. PAGCOR owns 46 total gambling facilities, with most being small satellite venues spread across the country. The gaming agency also owns and operates…Read More

Novomatic Finalizes Purchase of Controlling Interest in Ainsworth Game Technology

Ainsworth Novomatic acquisition

Australian casino manufacturer Novomatic has taken a controlling interest in Australian slot machine developer Ainsworth Game Technology, acquiring a 52 percent stake in the company. The takeover comes following a Friday announcement by the two firms that they had received all of the necessary regulatory approvals to complete the acquisition. The relatively complex deal was…Read More

Florida Gambling Amendment Likely to Reach Ballot in November

Florida gambling constitutional amendment

Groups attempting to push a constitutional amendment to give voters control over gambling expansion in Florida have nearly collected enough signatures to put their proposal on the state ballot this November. The Voter Control of Gambling in Florida initiative had collected over 725,000 valid signatures, close to the 766,200 it would need to submit by…Read More

Martha’s Vineyard Casino Cleared for Construction After Supreme Court Denies Appeal

Martha's Vineyard casino gambling

The Wampanoag Tribe of Gay Head can build a Martha’s Vineyard casino on their sovereign Native American land on the far western tip of the island in Aquinnah. That’s the result of the US Supreme Court deciding today to dismiss an appeal brought by the State of Massachusetts and Town of Aquinnah trying to block…Read More

Powerball, Mega Millions Jackpots Hit, Combined Winnings Exceed $1 Billion, Winners Still Incognito

Powerball Mega Millions lottery

The odds of winning the Powerball are one in 292.2 million, while for Mega Millions. they are one in 302.5 million. The odds of both jackpots being hit in a span of 24 hours aren’t clear, but certainly, they’re very, very long. Lottery players, of course, are happy to test their luck against such seemingly impossible…Read More

South Point Casino Owner Michael Gaughan Doubles Worker Bonuses, Credits Trump Tax Reform

South Point casino Michael Gaughan

Workers at the South Point Hotel Casino in Las Vegas are among the first employees in the gambling industry to learn that their annual bonuses are increasing, thanks to the recent tax reform bill passed by Congress and signed into law by President Donald Trump at the end of 2017. This week, South Point owner…Read More

Police Say Employee Staged Robberies at South Dakota Casino

Staged casino robbery

When the Jackpot Casino Too in Rapid City, South Dakota was robbed twice in December, the initial thought was that it had just been an unlucky month for the house. But now police say that the robberies were actually an inside job that were staged by one of the casino’s employees. Police have charged Carlos…Read More