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New York Confiscates $20 Million in Lottery Winnings from Welfare Recipients

New York Lottery seizes $20 million.

New York State has confiscated almost $20 million in lottery winnings over the past four years via a little-known clawback policy that targets winners on welfare. Many states deduct an individual’s outstanding taxes or unpaid child support from a lottery payout but New York is the one state that reclaims welfare payments too. Authorities can…Read More

Trump Taj Mahal Liquidation Sale Underway, Casino and Resort Relics Up for Grabs

Trump Taj Mahal liquidation sale

Everything from the Trump Taj Mahal’s crystal chandeliers and hotel room furniture, to the casino’s poker room tables and embroidered chairs, can now be yours through a liquidation sale currently underway. The selloff began Thursday morning at 10 am, and nearly everything under the roof has a ticket price and is being sold as-is. But…Read More

Las Vegas Hopes Independence Day Gaming Revenues Spark a Strong July

Las Vegas July Fourth Independence Day

July Fourth may be Independence Day, but for the casinos and ancillary businesses of Las Vegas, it’s also traditionally a cash cow. Falling on a Tuesday this year may have impacted revenues, however, as some tourists may have passed over the weekend and simply arrived on the holiday itself. Numbers Game The city’s tourism officials…Read More

Saipan’s Imperial Pacific Casino Opening This Week Despite Ongoing Construction

Imperial Pacific casino opening Saipan

The Imperial Pacific Resort Hotel is ready for visitors, just don’t expect to make a weekend of it and stay overnight. The Saipan casino property is opening its gambling floor on Thursday, July 6, but its accompanying hotel tower isn’t quite ready to take guests. Development of the resort began nearly three years ago on…Read More

Turkey to Launch Sweeping Crackdown to Eliminate Illegal Gambling

Turkey to Initiate Gambling Crack Down

The Turkish government is launching a two-year offensive that aims to wipe out illegal gambling in the country. Overseen by the Interior and Justice Ministries in coordination with the Revenues Department and the Police Department, phase one of the initiative will see the establishment of an anti-gambling task force, hell-bent on targeting illegal gambling dens,…Read More

Tolkien Estate v. Warner Bros ‘Lord of the Rings’ Slot Lawsuits Settled Out of Court

Warner Bros v Tolkien Estate slot game suit

Entertainment monster Warner Bros and the estate of the late high-fantasy author JRR Tolkien have reached an out-of-court settlement in a long-running legal dispute between the two parties that erupted over the online slot game Lord of the Rings. Tolkien’s heirs had sued WB in 2012 for copyright infringement, after receiving a spam email alerting…Read More

PAGCOR Outlines Plan to Heavily Tax Privatized Casinos, Government Agency Details Selloff

PAGCOR casinos tax rates

PAGCOR (the Philippine Amusement and Gaming Corporation) has been directed by President Rodrigo Duterte to sell its 11 casinos and 36 satellite gaming facilities. The federal agency this week provided details on how it plans to continue delivering critical tax funds to the country’s coffers, despite selling off its gaming assets. Duterte’s command comes as…Read More

Vernon Downs Racino Dealt Lifeline, State Gives Owner Jeff Gural Tax Break

Vernon Downs racino track taxes

The Vernon Downs horse racetrack and casino will remain open after lawmakers in Albany approved a tax break for the struggling facility. Owner Jeff Gural recently threatened to close the racino, saying keeping the venue open was costing him as much as $170,000 each month. He cited the expansion of tribal and commercial casinos in…Read More

Macau VIPs Return, Gross Gaming Revenue Soars 26 Percent in June

Macau VIP June gaming revenue

The crackdown on Macau VIPs is showing signs of easing, as the world’s biggest casino hub posted strong earnings for the month of June. Gross gaming revenue totaled 20 billion patacas ($2.49 billion), a 25.9 percent increase compared to the same month in 2016. VIPs are being credited for Macau’s ongoing recovery. June marked the…Read More

Nevada Gaming Revenue Climbs in May, But NBA Hurts Sportsbooks

Nevada gaming revenue basketball betting

Statewide Nevada gaming revenue totaled $991.6 million in May, a 3.5 percent increase on the same month in 2016. The data also marks the Silver State’s third-straight monthly gain, adding to the excitement that the gaming industry is headed in the right direction after several rather turbulent years. May’s gaming win is the second-highest mark…Read More

Illinois Lottery Winners Might Need Extra Luck in Receiving Payments, State Budget to Stall Prizes

Illinois Lottery winnings state budget

The Illinois Lottery has plenty of cash on hand, but come July 1, the state agency won’t be allowed to issue winnings to players unless the legislature in Springfield approves a new budget. The chances of that happening appear slim to none, as the Land of Lincoln has gone two years without an executed financial…Read More

Thailand Mulls Casino Legislation, But Restoring Democracy Takes Priority

Thailand to legalize casino gaming?

Thailand’s politicos have long harbored an interest in legalizing casinos and there is a very real sense they will take the plunge soon, although probably not before the much-anticipated general election, which is expected to take place in late 2008. This will be the first election since 2014’s coup, which saw a military junta seize…Read More Operator Anthony Murgio Sentenced to 5 1/2 Years for Ransomware Conversions bitcoin operator Anthony Murgio sentenced

Bitcoin exchange operator Anthony Murgio, who facilitated illegal transactions for cyber fraudsters and illegal online gambling websites, was sentenced to 5 1/2 years in prison this week. Murgio also had links to the JP Morgan data breach of 2014. In an interesting twist of irony, while the Petya ransomware variant ravaged businesses around the world on…Read More

Teddy Sagi Slashes Stake in Playtech, Ceding Control While Cashing Out

Teddy Sagi, founder of Playtech

Israeli Billionaire Teddy Sagi sold $430 million worth of shares in the online gaming software giant Playtech on Tuesday, giving up his majority stake in the company he founded in 1999. The sell-off caused Playtech’s shares to tumble nearly 3.4 percent in morning trading on Wednesday, after reaching an all-time high of £1,016 ($1,315) on…Read More

Macau Expects Three-Year High for June, Gaming Revenues Up 33 Percent

Macau gaming revenue June

The Macau Gaming and Inspection Coordination Bureau will release official statistics on June’s revenue performance for the industry on Saturday, and market experts are preparing for very good news. Richard Huang, a research analyst at Japanese financial services company, anticipates total gross gaming revenue to come in at MOP21.1 billion ($2.62 billion). Should his forecast…Read More