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Japanese Lawmaker Claims Pachinko Industry Morally Unsuitable for Casino Market Role

Should Pachinko industry participate in Japanese casino market?

A Japanese lawmaker has questioned whether the pachinko industry can be trusted to participate in a future Japanese casino market. As reported by Asian Gaming Brief this week, Takashi Takai, a member of the Lower House, who represents the Constitutional Democratic Party of Japan, has submitted a series of questions to the government querying the…Read More

Hainan Casinos Unlikely with Beijing Stalwartly Opposed, Experts Say

Sanya, Hainan island

The likelihood of China turning the southern province of Hainan into a casino hub to rival Macau is minimal, according to expert opinions canvassed by the South China Morning Post at the recent Global Gaming Expo Asia 2018 (G2E Asia) in Macau this week. Su Guojing, founder of the China Lottery Industry Salon (which describes…Read More

Steve Wynn Draws on Fine Art Savoir-Faire with Self-Created Global Art Business

Steve Wynn launches Sierra Fine Art

Steve Wynn — the man who once reinvented Las Vegas — has now reinvented himself: as an art dealer. According to artnet.com, fallen casino mogul Steve Wynn, 76, has launched a company called Sierra Fine Art LLC, which will hawk multimillion-dollar artworks, including Picassos, Matisses, and Warhols. Its website, sierrafineartllc.com, was built on March 21,…Read More

Non-Gaming Mandarin Oriental Las Vegas Grabbed Up by Hilton, Hotel to Morph into Waldorf Astoria

mandarin-oriental-las-vegas-suite-bathroom

The Mandarin Oriental in Las Vegas — a AAA Five Diamond Award and Forbes Triple Five-Star casino-less property — will become the Waldorf Astoria come August. The Mandarin Oriental has for years vied with the chichi Four Seasons for the city’s most luxurious non-gaming hotel. Now, it will be “reimagined and renovated” in a $50 million…Read More

Delaware Could Beat New Jersey in Race to Expand Sports Betting Options

Delaware sports betting

New Jersey looked like the leader in the race to take advantage of the Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act (PASPA) earlier this week. But developments later in the week have changed that outlook, with Delaware now in position to offer full-scale sports betting first. Initially, it looked…Read More

Bankrupt Lucky Dragon Casino in Las Vegas Searching for Fresh Blood, Developer Says Chinese Firms Interested

Lucky Dragon Las Vegas casino bankruptcy

The failed Lucky Dragon casino in Las Vegas has been cleared to begin accepting bids from interested buyers. The off-Strip gaming resort  has indicated it’s open to outright buyers, or those willing to partner with current management. A federal bankruptcy court approved the casino’s bid procedures this week, which formally allows parties to enter into…Read More

Florida Greyhound Racing Association Moves to Have Dog Racing Ban Struck from Ballot

Florida greyhound racing

The Florida Greyhound Racing Association (FGRA) has sued to have a proposed constitutional amendment that would ban greyhound racing wiped from the November ballot. The amendment would phase out greyhound racing in the state by 2020, through a process known as ‘decoupling.’ This would remove the requirement for the state’s parimutuel tracks to offer a…Read More

FOBT Maximum Bet Cut From £100 to £2 by UK Government

FOBT limits UK

Bookmakers in the United Kingdom woke up to a worst-case scenario on Thursday, as government officials announced that they would impose a £2 ($2.70) maximum bet on fixed odds betting terminals (FOBT). The FOBT limits have been a long time coming, but the extent of the limits wasn’t officially announced until Thursday. Bookies were hopeful…Read More

No Sale for Wynn Resorts Encore Boston Harbor, CEO Matt Maddox Confirms at AGM

Matt Maddox Wynn Resorts

Wynn Resorts CEO Matt Maddox says the company’s integrated casino resort — newly renamed the Encore Boston Harbor and currently under construction in Massachusetts — is not for sale. Maddox provided numerous updates to shareholders at his first annual meeting as chief executive on the company’s current state, and its vision for the future. The CEO,…Read More

Playtech Faces Shareholder Revolt as Investors Nix 78 Percent CEO Pay Raise

Mor Weizer, Playtech CEO

Playtech CEO Mor Weizer faced a shareholder revolt at the company’s annual general meeting (AGM) on Wednesday, as investors trashed a plan to award him a 78 percent bump in compensation. Weizer was paid almost £4.2 million ($5.6 million) in 2017, up from £2.3 million ($3.11 million) in 2016, for his “exceptional leadership”, despite the…Read More

Tourism Experts Optimistic on Atlantic City Future, Hard Rock Expected to Attract New Visitors

Atlantic City casino tourism Hard Rock

Atlantic City is embarking on perhaps its most critical summer in recent memory. The gambling capital of the East Coast is to become a nine-casino town when Hard Rock and Ocean Resort both open on June 28. And while brick-and-mortar gross gaming revenue (GGR) is down more than six percent this year through April, hospitality…Read More

Controversial Wynn Resorts Director Jay Hagenbuch Steps Down Ahead of AGM

John Hagenbuch steps down from Wynn Resorts board

John “Jay” Hagenbuch, the Wynn Resorts director whom Elaine Wynn launched a campaign to oust, announced Tuesday he would not be seeking reelection to the board at the company’s annual general meeting, which was scheduled for today, Wednesday, May 16. Ms. Wynn claimed that Hagenbuch was a crony of Steve Wynn and demanded his removal…Read More

Paddy Power Betfair in Talks to Acquire FanDuel as It Moves for US Sports Betting Market

Paddy Power Betfair in talks to acquire FanDuel

UK-based Paddy Power Betfair confirmed rumors on Tuesday that it’s in negotiations to buy daily fantasy sports giant FanDuel, as it sets its sights on the American sports betting market. The bookmaker envisages a merger between FanDuel and its own fledgling US operations “to create a combined business to target the prospective US sports betting…Read More

Casino Stocks Score Big on Lifting of Federal Sports Betting Ban

casino stocks sports betting PASPA

Casino stocks and companies associated with gaming saw their shares increase on Monday after the Supreme Court of the United States (SCOTUS) ruled against the longstanding federal sports betting ban. With lawmakers in each state now empowered with the ability to dictate their own sports gambling laws (dependent on voter approval, if required), investors believe…Read More

American Gaming Association Bids Goodbye to PASPA as Its ‘Rational Alternative’ Becomes Reality

AGA President Geoff Freeman Seeks Alternatives to US sports betting laws

The American Gaming Association (AGA), which has long supported New Jersey’s legal battle for the right to regulate sports betting, welcomed Monday’s Supreme Court decision to strike down PASPA as an unconstitutional violation of states’ rights. AGA President and CEO Geoff Freeman said the decision was “a victory for the millions of Americans who seek…Read More