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Three Tribal Casinos Balk at $40 Million New Mexico Revenue Request

New Mexico Casino dispute

State Gambling regulators are in a battle with three New Mexico Native American tribes over $40 million in casino revenue they believe they are owed. The trio of pueblos contends the state is misinterpreting an old agreement. The Tesuque, Sandia and Isleta pueblos have taken their case to court, asking a judge to prevent the…Read More

Jeff Gural Plans to Close Vernon Downs Unless Tax Break Issued for Struggling Racino

Jeff Gural Vernon Downs

New York real estate developer Jeff Gural says he can no longer justify keeping Vernon Downs open for business unless the state gives him a substantial tax break. Located in Vernon, New York, about a 45-minute drive east from Syracuse, the racetrack is no longer attracting enough entries to maintain adequate racing programs. And gaming…Read More

Reuters Exposes Shell Companies Processing Online Payments for American Gamblers

My Fabric Factory exposed as “transaction laundering” site.

A report by Reuters this week exposed shell online retail companies that act as a front for processing illegal online gambling payments.    The news agency’s reporters uncovered a network of sites purporting to sell household goods, but which instead engage in a practice known “transaction laundering,” in which shell businesses process payments on behalf…Read More

Dismissed MGM Resorts Lawsuit Against Connecticut Upheld by Appeals Court

MGM Resorts Connecticut casino

MGM Resorts was not placed at a competitive disadvantage in trying to build a casino in Connecticut on non-tribal land. That’s according to the 2nd US Circuit Court of Appeals in Manhattan, which upheld a state judge’s earlier dismissal of the case filed against Connecticut. MGM, which is nearing completion on its $950 million casino…Read More

FAA Reviewing Las Vegas Raiders Stadium Plan, Height Key Issue

FAA Las Vegas Raiders stadium

The FAA (Federal Aviation Administration) has received a request from the Las Vegas Raiders asking the agency to review construction plans for its 65,000-seat domed NFL football stadium. The $1.9 billion project is set to be built on a 62-acre plot of land between Russell Road and Hacienda Avenue just west of I-15. The FAA…Read More

Churchill Downs Announces $60 Million Gaming Facility at Former Track

Churchill Downs historical racing

Churchill Downs Incorporated has received initial approval from the Kentucky Horse Racing Commission to build a gambling parlor at Trackside, a closed racetrack facility that was previously used as a training facility. The planned 85,000-square-foot venue will cost Churchill Downs between $50 million and $60 million. When completed, the gaming center will house up to…Read More

Hard Rock Atlantic City Targets Memorial Day 2018 Opening

Hard Rock Atlantic City Trump Taj Mahal

Hard Rock Atlantic City will reopen to guests next Memorial Day weekend should the company’s $500 million renovation stay on schedule. That’s according to company officials who say the facelift will transform the former Trump Taj Mahal property into a rock ‘n’ roll-themed casino resort. Hard Rock, owned by the Seminole Tribe of Florida, purchased…Read More

Aussie Authorities Give Go-Ahead for $9B Tabcorp Takeover of Tatts Group to Create Betting Giant

Tabcorp Chair Paula Dwyer

The merger of Australian betting giants Tabcorp and Tatts was approved by regulators Tuesday and could be finalized within the next few months. Just one day earlier in the US, the Federal Trade Commission filed a lawsuit to block the proposed merger of daily fantasy sports sites DraftKings and FanDuel on grounds that it would…Read More

Florida Seminole Tribe’s Bond Credit Rating Upgraded by Moody’s, Fitch

Seminole Tribe Moody's Fitch Ratings

The Seminoles of Florida are going to save a lot of money in the coming months, after bond and credit rating services Moody’s and Fitch both upgraded the tribe’s bank debt and bond credit ratings. Moody’s Investment Services upgraded the Florida tribe’s existing term debt and bonds rating to Baa2, and its Special Obligation Bonds…Read More

Federal Trade Commission Moves to Block DraftKings-FanDuel Merger

FanDuel CEO Nigel Eccles (left) and DraftKings CEO Jason Robins (right)

The US government took first steps toward quashing a proposed merger between daily fantasy sports giants DraftKings and FanDuel, contending the transaction would create an illegal monopoly that controls 90 percent of the DFS market. On Friday, the Federal Trade Commission, in conjunction with the Offices of the Attorneys General of California and Washington DC,…Read More

Former Mohegan Sun Pocono Exec Sentenced to 32 Months for Bogus Loyalty Card Scheme

Robert Pellegrini sentenced to 32 months Mohegan Sun Pocono

A former executive at the Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania has been sentenced to 32 months for his role in a scheme that involved the casino’s slot machines and creating bogus loyalty rewards. Robert Pellegrini was VP of player development for the Mohegan Sun when he and two others concocted a scheme to bilk…Read More

Russian Sports Betting Market Expected to More than Double by 2022

Russia’s sports betting market expected to grow

Russia’s budding licensed sports betting market is set to more than double over the next five years, according to a report by Bookmaker Ratings. Growth will be driven by NEW entrants to the market, as more international operators begin to partner with domestic companies, and by high-profile sporting events based in Russia, like the 2018…Read More

Is Las Vegas Tourism’s Future Boom or Bust? Experts Have Varied Viewpoints

Las Vegas tourism numbers

The tourism industry in Las Vegas has recovered all but 1.3 percent from the devastating fallout of the recession, but what lies ahead for Sin City’s visitor growth for the next five years? It depends who you ask. Several factors point toward slower growth, but the recovery from the 2008 Great Recession is almost complete….Read More

Lottery Fraud Eddie Tipton to Reveal His Methods in Return for Plea Deal

Eddie Tipton comes clean over rigged lottery

Lottery scammer Eddie Tipton pleaded guilty in Wisconsin this week to charges of theft and computer crime, part of a plea bargain that will see him him reveal precisely how he was able to rig lottery draws successfully in multiple states over a six year period. The deal, worked out with prosecutors in Wisconsin, will…Read More

Atlantic City Gaming Revenue Climbs 4.3 Percent, Casinos Heat Up to Begin Summer

Atlantic City gaming revenue Hard Rock

Atlantic City gaming revenue was up over four percent in May 2017 compared to the same month a year ago. With numerous events planned over the next 90 days, the strong kickoff to the summer is precisely what the New Jersey oceanfront city needed. Casino win for the seven remaining gaming properties totaled $229.4 million….Read More