Atlantic City casinos saw their revenues jump in August to $244.8 million, a 5.5 percent premium on the same month last year. The seven remaining floors ended a solid summer, and are now two percent ahead of 2016’s total take through eight months of the year. June, July, and August is a critical period for…Read More
Is Bitcoin a virtual bubble that’s about to burst, or a dependable safe haven that can withstand market turbulence and economic uncertainly? Opinion is unquestionably divided, but the head of one of the world’s biggest banks is emphatic that the digital currency that’s been skyrocketing up is certain to come crashing down. At a Barclay’s…Read More
Pennsylvania’s Republican-controlled House of Representatives passed a long-awaited budget plan on Wednesday night, and gambling expansion, having been left out of earlier drafts, is now part of the deal. However, this doesn’t mean online gambling legalization is a certainty. The provision adding it to the House budget plan doesn’t specify which of several gambling possibilities…Read More
An Oklahoma gambling expansion plan that could cover a substantial budget shortfall isn’t gaining much traction in the Oklahoma City capital. The state legislature is scheduled to return for a special session on September 25, and when it does, lawmakers will be faced with deciding the best method to fix a deficit that came as…Read More
The largest casino in South Korea, Kangwon Land, has admitted to committing acts of nepotism on an industrial scale. The mea culpa appears to be an effort to show the state-owned casino’s new commitment to transparency, after it was rocked by a corruption scandal that led to the criminal indictment of its CEO. According…Read More
The Pennsylvania legislature is back in session this week, as lawmakers reconvene to resume squabbling about an ever-elusive budget agreement that could, eventually, legalize online gambling. Urgency is growing, though, as the state could go broke on Friday for the first time in its history. Treasurer Joe Torsella and Auditor General Eugene DePasquale have warned that…Read More
MGM Resorts is acquiring 10 million common shares of its own company from the estate of late billionaire Kirk Kerkorian, the man who founded the gaming and hospitality company in 1986. The deal values each share at $32.75, a one percent discount on the stock’s closing price on September 11, for a total transaction of…Read More
UK bookmakers will take a £150 million annual hit as a result of the UK’s regulatory review into fixed-odds betting terminals (FOBTs). That’s based on the most likely outcome of the review, which is expected to slash maximum stakes on the machines from £100 per spin to either £20 or £30, according to government sources…Read More
In a shuffling of assets to prepare for his next phase of domestic development, Philippine billionaire Enrique Razon, Jr., has sold 3.18 percent of his stake in casino operator Bloomberry Resorts for PHP3.8 billion ($74.7 million). The Bloomberry chairman’s holding company Prime Metroline Holdings, Inc., announced the sale in a filing to the Philippine Stock…Read More
The Scottish people are Britain’s most avid gamblers, according to figures newly published by the UK Gambling Commission, with over two-thirds of adults saying they had gambled in the past year. Or more specifically, 68 percent of Scottish respondents admitted to having placed a bet in the preceding 12 months, compared with 52 percent in…Read More
The Macau government has been too conservative with its tax revenue when it comes to funding and improving infrastructure throughout the city. Last month’s Typhoon Hato and subsequent Tropical Storm Pakhar exposed the aging city, as bridges, business buildings, and residences in certain parts of the town had no answer for the powerful Category 3…Read More
Florida horse racetracks are reporting minimal damages in the wake of Hurricane Irma, once a powerful and violent Category 5 tropical cyclone that stormed up the west coast of the Sunshine State. Gulfstream Park, Hialeah Park Race Track, and Tampa Bay Downs, Florida’s three main tracks, all say they managed to avoid any substantial damage. More…Read More
The Philippine government will begin the sale of Philippine Amusement and Gaming Corporation’s (PAGCOR) 17 casinos to private operators early next year, but privatization could take several years, the country’s finance minister said this week. As the country’s casino sector booms, driven by an influx of Chinese tourism to the Philippines’s new, foreign-owned integrated resorts,…Read More
Philippine prosecutors investigating last year’s notorious Bangladeshi bank heist have dismissed all charges against casino boss Kim Wong and junket operator Weikang Xu. But late last week they recommended the filing of charges against Maia Deguito, a former branch manager at Philippine bank RCBC, for her alleged role in the theft of $101 million from…Read More
Sheldon Adelson has an estimated net worth of $32.6 billion according to the Bloomberg Billionaires Index, so a $4 million annual pay raise presumably isn’t something the gambling tycoon will spend much time celebrating. However, paired with an increase to the cap on his performance-based bonus, the Las Vegas Sands founder and chairman is positioned…Read More
Wynn Resorts Begins Reputation Clean-up Mission, Appoints Three Women to the Board 
Missouri Governor Sex and Blackmail Scandal Threatens to Bury Sports Betting Push 
NFL Odds Released for Week One, Patriots Super Bowl Favorites 
Double Murderer ‘Losing Streak Lois’ Arrested in Texas After Hitting Casino Jackpot 
North Las Vegas Strip Evolution Underway, Developers Moving Ahead with Major Projects 
Venetian Picnic Shooting Victim Identified as VP of Casino Operations, Suspect Remains At Large 
Venetian Company Picnic Turns Deadly in Las Vegas, Police Say Act of 'Workplace Violence' 
SLS Las Vegas to Undergo $100 Million Renovation, as North Strip Optimism Continues 
Suicide on Hoover Dam Bridge Shines Light on Las Vegas' Dirty Secret 
No Ruling in Supreme Court Sports Betting Case, Odds Now Strongly Favor PASPA Repeal 
