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Russia’s Primorye Casino Zone Auction Gets No Bids, Is North Korea Crisis to Blame?

Primorye casino auction gets no bidders

Russia’s bid to attract more foreign casino capital to its Primorye special economic zone is falling on deaf ears. A auction launched by the federal government in July that offered up three separate plots of land for casino developers has not resulted in a single bidder, despite the deadline being extended from late August to…Read More

Ex-Amaya Chief David Baazov Sued by Dubai Investment Firm for Alleged Fraud

David Baazov sued by KBC Aldini Capital 

Former Amaya chairman and ex-CEO David Baazov is being sued by the Dubai investment company he once claimed was financing his proposed takeover of the PokerStars parent. Baazov announced his intention to take Amaya private at the beginning of 2016, before a string of insider trader charges forced him to resign from his executive roles…Read More

Resorts World Catskills Feeling Generous, Buys Town $3 Million Water Tank

Resorts World Catskills New York

Resorts World Catskills won’t open until next spring, but the Upstate New York property is already stepping up in the local community and becoming a valued asset to the region. Monticello, the town where the $1.2 billion casino resort is being built, revealed this week that owners of Resort World have donated $3 million to…Read More

Barbuda: Would Really Help Relief Efforts if US Paid Its $273M Online Gambling Debt

Barbuda, devastated by Hurricane Irma

If the United States wants to help the hurricane-ravaged island of Barbuda, it could do so by paying a $273 million debt over online gambling that started accruing in 2007. Antigua and Barbuda has called on the US to pay money that the World Trade Organization says it owes. Ronald Sanders, the dual-island nation’s ambassador…Read More

Atlantic City Casino Tax Appeal Settlements Covered Through Municipal Bonds

Atlantic City property tax appeals

Atlantic City reached property tax appeal settlements with numerous casinos last month, and the state government says it’s funding the payments through the issuance of municipal bonds. Bally’s, Caesars, Golden Nugget, Harrah’s, Tropicana, and the former Trump Taj Mahal and Trump Plaza all reached tax deals that totaled $68 million, a staggering sum, but also…Read More

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