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Richard Desmond Plans to Bid for UK National Lottery

richard desmond

Billionaire newspaper owner Richard Desmond is planning to submit a bid for the UK’s National Lottery, hoping to take over the business when an opportunity to acquire the lucrative franchise comes up again in 2019. Currently, the UK’s largest lottery is operated by a company known as Camelot, which has run the drawings since 1994….Read More

Mandalay Bay Tragedy Expected to Cost Insurance Companies $1 Billion, MGM Workers Claim Hours Cut in Wake of October 1 Shooting

Las Vegas shooting MGM Mandalay

Last month’s Mandalay Bay shooting in Las Vegas, at the Route 91 Harvest country music festival that took the lives of 58 victims and injured over 500 others, is expected to deliver a massive financial blow to the insurance industry, which is already reeling from one of the most active hurricane seasons in recent memory….Read More

PAGCOR Auctioning Two Parcels of Land at Site of Solaire Casino

PAGCOR Solaire auction

The Philippine Amusement and Gaming Corporation (PAGCOR) is auctioning two parcels of land in Manila which make up the current location of the Solaire Resort and Casino. According to the PAGCOR announcement, the “item” up for bid, known as Bay City Properties, comprises two plots that include approximately 160,000 square meters of land. The minimum…Read More

Caesars LINQ Promenade Unveils Plans for First Zipline on Las Vegas Strip

linq zip line

In keeping with Caesars President and CEO Mark Frissora’s promise to grow the casino conglomerate post-bankruptcy, the company announced plans to build the first zipline on the Las Vegas Strip. Fly LINQ will cost approximately $20 million and be constructed above the LINQ Promenade. Construction is expected in spring of 2018 with an anticipated completion…Read More

Indiana Casino Says Smoking Ban Would Cost 400 Jobs, $3 Million Annually

Indiana casino Majestic Star smoking ban

Northwest Indiana casino operator Majestic Star is threatening local officials in Gary on the dangers of implementing a smoking ban that would extend to its riverboat gambling floors. In 2012, Indiana enacted a statewide indoor smoking ban, but exemptions were provided for private membership clubs, bars and taverns were liquor sales outsell food, retail tobacco…Read More

Stars Group Eyes Pennsylvania after Strong Third Quarter

Stars Group earnings

The Stars Group reported large year-over-year increases in both revenues and earnings in the third quarter, allowing the company to reconfirm its previous financial estimates for the 2017 fiscal year. The results sent the company’s stock rising on Thursday, as traders responded to the news by pushing the price up 2.1 percent by the end…Read More

Paradise Papers Show German Banks Flouted Law to Process Online Gambling Payments

Wirecard headquarters in Munich, Germany

Several German financial institutions have been caught up in the Paradise Papers leak after reports that they have been illegally processing payments to online casinos that are not allowed to operate in the country. According to a report by German newspaper Süddeutsche Zeitung in collaboration with public broadcaster NDR, banks including Postbank, DZ Bank, and…Read More

Golden Entertainment Eyes Expanded Gambling Opportunities in Pennsylvania

Pennsylvania expanded gambling

Recent Las Vegas Stratosphere casino buyer Golden Entertainment is now considering options across the country in Pennsylvania. Under the auspices of its Golden Route distributed gaming division, the operator is ready to jump into the newly expanded gambling scene in the Keystone State. The Keystone State’s expanded gambling bill, signed into law in late October…Read More

Idaho Casino CEO Arrested for Battery after Allegedly Attacking Brother

Idaho casino CEO battery

Coeur d’Alene Casino Resort Hotel CEO Francis SiJohn was arrested on Tuesday morning on allegations of battery. According to a report in the Spokesman-Review, police say that the victim of the attack was his brother, former Coeur d’Alene tribal police Chief Cody SiJohn. According to court documents, the incident began after the two brothers had…Read More

Paradise Papers Reveal Details of Retired General Wesley Clark’s Time with Amaya

General Wesley Clark Paradise Papers Amaya

Former Democratic presidential candidate General Wesley Clark is one of the many influential individuals named in the recent Paradise Papers leak, with information about his time as a director for Amaya (now known as the Stars Group) showing up in the database of information examined by the International Consortium of Investigative Journalists (ICIJ). The information…Read More

MGM Resorts Reports Strong Q3 Revenue, Says Las Vegas Bookings Have Rebounded After Shooting

MGM Resorts Jim Murren Las Vegas

MGM Resorts CEO Jim Murren spoke with investors this week regarding the company’s third quarter financial performance, a timeframe that concluded September 30, the day before the October 1 shooting. Murren said net income totaled $149.1 million, which translates to 26 cents per share for investors. That met Wall Street analyst expectations, sending MGM Resorts…Read More

Brent Musberger Doubts Veracity of RJ Bell’s $14M Mystery World Series Bettor Tale

R.J. Bell

It was a run of luck that seemed impossible and now some are questioning whether the mystery man who reportedly made $14 million betting on the World Series actually exists. The person who wrote about the anonymous gambler insists that he is real despite the criticism. R.J. Bell, who provides odds for the Associated Press,…Read More

Revel Atlantic City Reportedly Sold, Owner Glenn Straub Again Denies Rumors

Revel Atlantic City Glenn Straub

New month, new rumors surrounding Revel Atlantic City, the $2.4 billion Boardwalk casino resort that has sat vacant for over three years. The latest development comes from a notice made public by the Atlantic County Clerk’s Office that seems to hint that current owner Glenn Straub has finally found a buyer. A Notice of Real…Read More

Bet365 Revenue Hits $2.8 Billion Over Last 12 Months, Profits Soar 10 Percent

Bet365 revenue in-play betting sportsbook

Bet365 generated £2.15 billion ($2.83 billion) in revenue during its latest fiscal year, marking the first time in company history that the UK online sportsbook and casino operator surpassed the £2 billion milestone. According to a financial release, Bet365 saw gross revenue climb from $2.17 billion in its previous reporting period to $2.83 billion, for…Read More

Longshot Rekindling Wins Melbourne Cup, Makes Man $1 Million

Rekindling, Melbourne Cup

Longshot Rekindling captured one of the world’s richest horse races at Tuesday’s Melbourne Cup in Australia and made one man a millionaire. The annual horserace attracts approximately 90,000 fans to Flemington Racecourse and the two-mile contest has a purse of $6.2 million (AUS). It is known as “The race that stops a nation,” and politicians…Read More