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Impact of Hurricane Maria Could Devastate Puerto Rico Tourism, Casinos for Years

Hurricane Maria damage

The damage Hurricane Maria did to Puerto Rico’s homes and streets were immediately evident after it blew through the island, but the aftereffects it could have casinos and tourism will take months, if not years to assess. The Category 4 storm tore roofs off buildings, pulled trees out of the ground, and flooded homes when…Read More

Atlantic City Strip Club Stakes Its Pole in Former Trump Taj Mahal, New Owner Hard Rock Files Suit

Atlantic city strip club Score Hard Rock

Atlantic City strip club Scores says when Hard Rock is finished with its $500 million reimagining of the former Trump Taj Mahal, it has the legal right to reopen inside the resort. The gentlemen’s club makes that claim that it still holds a valid lease agreement with the shuttered Taj that should allow it to…Read More

Quebec Regulator AMF Questions David Baazov’s Status as Amaya Shareholder as Trial Date Nears

David Baazov Josh Baazov AMF scandal

Was ex-Amaya CEO David Baazov really the PokerStars parent’s major shareholder? An extraordinary claim made in court documents filed by the Canadian securities regulator AMF last week alleges that the former chief actually served as a figurehead, concealing the real controlling shareholders of the company, which AMF claims were his brother Ofer “Josh” Baazov and…Read More

Florida’s Mardi Gras Casino Accuses Rival Gulfstream of Looting Players After Hurricane

Mardi Gras Casino and Dog Track, closed indefinitely after Irma

As Floridians pull together in a spirit of communal recovery after Hurricane Irma, clean-up efforts have one casino in the state contending its chief competitor is engaged in dirty business through trying times. While most of Florida’s gaming industry survived the hurricane relatively unscathed, the Mardi Gras Casino in Hollywood was the one gambling venue…Read More

Niagara Falls Will Be ‘Broke by December’ Due to Seneca-New York Casino Dispute

City of Niagara Falls Mayor Paul Dyster

The Seneca Nation’s casino-rev share payments to the City of Niagara Falls have dried up, and the city will be broke by December, according to an audit published by the state Comptroller’s Office. The audit has urged city officials to “take immediate action to address the city’s fiscal problems” in the absence of the host…Read More

Casino Partnerships With Junket Operators Are Public Knowledge, Macau Court Rules

Macau casino VIP junket company

Macau casino agreements with licensed VIP junket operators should be revealed upon qualified legal inquiry, an appeals court in China’s special gambling enclave has ruled. The decision comes as a result of an unnamed attorney who sued the city’s Gaming Inspection and Coordination Bureau (DICJ) after it refused to make public a list showing which…Read More

Sheldon Adelson and Steve Wynn Among Forbes’ ‘Greatest Living Business Minds’

Sheldon Adelson Steve Wynn Forbes

Casino billionaires Sheldon Adelson (84) and Steve Wynn (75) have been two of the most powerful figures in Las Vegas and the worldwide casino and hospitality scene for several decades, so it should come as little surprise that the moguls have both been named to Forbes’ list of the “World’s 100 Greatest Living Business Minds.”…Read More

Fontainebleau Sale Spreads Economic Optimism Across Las Vegas Strip

Fontainebleau Las Vegas Strip

Billionaire Carl Icahn sold the Fontainebleau Las Vegas in late August to a real estate investment firm that is reportedly going to waste little time in completing construction on the 3,815-room casino resort that for seven years has done little more than serve as an unfinished place mark on the Las Vegas Strip. The towering…Read More

MGM Launches ‘Welcome to the Show’ Promo Targeting Nongaming Millenials

MGM Resorts brand campaign

MGM Resorts wants to make it very clear in its latest over-the-top marketing ploy that it’s not merely in the casino or hotel business, but rather in the more expansive “Holy Sh*t Business.” In the conglomerate’s first-ever corporate branding video that premiered to TV viewers during Sunday’s ratings fiasco of the Emmy Awards, MGM’s Welcome to…Read More

Universal Denies Kuzuo Okada Has Retaken Control of Parent Company

Universal denies Kazuo Okada is back in charge

Japanese gaming giant Universal Entertainment has denied that its founder and former chairman Kazuo Okada has reinstalled himself as a director of its parent company Okada Holdings. Okada was ousted from the boards of both Universal and Okada Holdings in early summer. Universal has accused him of three instances of fraud, related to the alleged…Read More

Atlantic City Tourism Report Provides Plenty of Optimism for Casinos

Atlantic City tourism statistics

Atlantic City tourism statistics indicate that the region’s seven remaining casinos are benefiting from the October closure of the Trump Taj Mahal. But they aren’t just poaching from the shuttered resort, but also generating new visitations to the beachfront town. According to the Atlantic City Tourism Performance Indicators report published by Stockton University’s Lloyd D….Read More

Shuttered Casablanca Casino in Philippines to Reopen Soon, Aussie Financiers Say

Casablanca Casino Hotel Stotsenberg PAGCOR

A Philippines casino shut down by the Philippine Amusement and Gaming Corporation (PAGCOR) in February will be ready to reopen soon, according to the Australian investment group that bought the property a year earlier for $26 million. The Casablanca Casino in Angeles City, Philippines, was forced to close when its parent company, Frontier Capital Group,…Read More

$10 Million Megabucks Jackpot Hit at Henderson Casino by New Local

Megabucks jackpot Fiesta Henderson

A Megabucks jackpot totaling $10,192,522.80 was hit at the Fiesta Henderson Hotel and Casino over the weekend by a man who only recently moved to the state of Nevada. Roger, who withheld his last name while talking to the Las Vegas Review-Journal, told the newspaper that he relocated to Henderson from Virginia just a couple…Read More

Casino Billionaire Tilman Fertitta Borrowing $1.4B to Finance Houston Rockets Purchase

Tilman Fertitta Golden Nugget

Tilman Fertitta, the billionaire owner of Golden Nugget casinos and star of the CNBC series Billion Dollar Buyer, announced last week a senior note offering scheduled to raise $1.415 billion in capital that he’s expected to use to acquire the Houston Rockets NBA franchise. Under the issuing, Fertitta’s privately owned Landry’s Inc. and Golden Nugget…Read More

GGG vs. Alvarez Ends in Controversial Draw, Delivers Knockout Blow to Nevada Sportsbooks

Gennady GGG Golovkin Canelo Alvarez

For most of Saturday night, Gennady ‘GGG’ Golovkin and Canelo Alvarez delivered at a sold-out T-Mobile Arena in Las Vegas what boxing purists wanted to see. A marquee clash between two megastars captivated and entertained the 22,358 in attendance, and millions more watching on television. But then it ended after 12 rounds, and a controversial…Read More