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Pennsylvania Mini-Casino Back in Picture for Harley-Davidson Maker Springettsbury, Previously Opted Out

Springettsbury Pennsylvania mini-casino

In the tiny township of Springettsbury, the prospect of a Pennsylvania mini-casino, just a few months after being rejected, is getting a second look. City supervisors have pulled an about-face since nixing the possibility as recently as December. The small town only two weeks ago finalized plans to expand its existing fabrication, paint, and assembly facility…Read More

George Soros Now One of Top Caesars Shareholders, Owns 4.9 Percent of Gaming Company in Bankruptcy Aftermath

George Soros Caesars Entertainment

Billionaire investor George Soros, through his family-controlled Soros Fund Management group, owns nearly five percent of Caesars Entertainment following the company’s Chapter 11 bankruptcy reorganization last fall. According to Bloomberg, the billionaire’s stake makes him one of Caesars’ Top 10 shareholders, with the holdings valued at $436 million. Soros also owns seven percent in VICI…Read More

GVC Ladbrokes Coral Takeover Could Cost 1,600 Jobs for Acquired Betting Company

im Mullen Ladbrokes Coral CEO job cuts

The GVC Ladbrokes Coral acquisition of one of the oldest and biggest bookmakers in Britain may be phenomenal news for the company buying it, but it could be a brutal blow for many employees of the company being bought out. The Isle of Man-based GVC Holdings, as an ever-growing gaming giant which already owns bwin,…Read More

Wynn Resorts Board, Hoping to Sidestep Liability Issues, Considers Life After Steve Wynn

Wynn Resorts board lawsuits

The board of Wynn Resorts is weighing its options, as the company looks to its future without former chairman and CEO Steve Wynn. The casino mogul stepped down a week ago Tuesday, after a decades-long sex scandal came to a head and rocked the company to its core. The steps taken by the board may…Read More

Seminoles Expected to Offer Compact Proposal Before End of Week

Seminole Gaming CEO Jim Allen discusses Seminole compact

Florida lawmakers have been locked in negotiations with the powerful Seminole tribal operator this week, as they try to thrash out a new gaming compact. Senator Bill Galvano, leading the negotiations, told The News Service of Florida he believes the Seminoles could come back with a proposed deal this week. “I believe everyone left that…Read More

Palms Marquee Signage Comes Down in $485 Million Revamp

Palms marquee sign comes down

The familiar Palms marquee sign on Flamingo Road off the Las Vegas Strip is no more. On Tuesday, the 14-foot letters were removed by a 120-foot crane, as part of ongoing $450 million renovations to the Palms Casino Resort by new owner Red Rock Resorts, the Station Casinos parent. The old-school “message board,” style sign,…Read More

Myanmar Plans to Legalize Casinos Amid UN Ethnic Cleansing Row

Myanmar’s State Counsellor Aung San Suu Kyi

Myanmar, formerly Burma, plans to legalize foreigner-only casinos. As reported by English language Burmese outlet Eleven Media, the news came out of the blue on Friday when minister for hotels and tourism, Ohn Maung, was asked in parliament whether the government was opposed to regulating casinos as a means to boost tourism and generate higher…Read More

MGM Cotai Opens at Last with 500 Hotel Rooms for Chinese New Year

MGM Cotai Opens for Business

Finally, MGM Cotai opened its doors on Tuesday – and the brand new $3.4 billion property is already fully booked for Chinese New Year, according to MGM China. Or at least, the 500 hotel rooms that are currently operational will be filled when the festivities get underway this week. It has another 900 currently unavailable….Read More

Malta Gaming Authority Launches Mafia Crackdown

enedetto Bacchi arrest prompts Malta Gaming Authority Action

The Malta Gaming Authority is launching a wide-scale investigation into its Italian licensees for links to organized crime. According to “high-ranking Maltese sources” who spoke to Gambling Compliance this week, this is the first phase of a larger probe into all Italian businesses based in Malta. The country has been embarrassed by a string of…Read More

Tinian Dynasty Operator Broke, Can’t Afford Lawyer

Tinian Dynasty Hotel and Casino, Northern Mariana Islands, money-laundering

Hong Kong Entertainment, owner of the Tinian Dynasty Hotel and Casino, told a federal judge this week that its financial situation was so bleak that it could no longer afford a lawyer to represent it in ongoing legal claims filed by creditors. The casino on the Pacific island of Tinian, one of the Northern Mariana…Read More

New Jersey Voters Favor Atlantic City Retaining Casino Monopoly, New Poll Finds

New Jersey voters casino referendum

New Jersey voters do not want to end Atlantic City’s monopoly on casinos and allow gambling resorts to come to northern parts of the state. That’s according to a new poll paid for by Trenton’s Bad Bet, an anti-gambling group. Likely voters were asked about the ways they support increasing funding for the state. By…Read More

Fontainebleau to Morph Into The Drew Las Vegas By 2020

Fontainebleau to become Drew Las Vegas

The Drew Las Vegas could be the first new casino resort to rise on the Las Vegas Strip since the Cosmopolitan in 2010, if it beats Resorts World to the punch. Remodeled from the shiny blue wreck of the doomed Fontainebleau, The Drew will open in 2020, developers said Monday, a full 15 years after…Read More

Las Vegas ‘What Happens Here, Stays Here’ Slogan Faces New Scrutiny in Light of Steve Wynn and #MeToo Movement

Steve Wynn scandal Las Vegas marketing

“What Happens Here, Stays Here.” The very well-known ad slogan that kicked off as the Las Vegas mating call in 2003 may now be going the way of the Dodo bird: towards extinction. Is there still time to pull it back and save it? The iconic catchphrase, which the Las Vegas Convention and Visitors Authority’s…Read More

US Gross Gaming Revenue Nearly $41.2 Billion in 2017, as Casino Expansion Continues

gross gaming revenue US casinos

Gross gaming revenue at US commercial casinos totaled roughly $41.2 billion last year, according to Reno-based market analyst Ken Adams. In his 2017 Adams Revenue Report, prepared for online gaming media outlet CDC Gaming Reports, the financial analyst says continued casino expansion across the US is responsible for the 3.7 percent year-over-year increase. Adams pointed…Read More

Elaine Wynn Regains Control of Wynn Resort Shares in Aftermath of Ex-Husband’s Resignation

Steve and Elaine Wynn

Elaine Wynn — ex-wife of now-disgraced gaming tycoon Steve Wynn — is getting the last laugh in one of the most antagonistic post-divorce court fights in gaming history. The former couple, who founded Wynn Resorts in 2002 with Japanese pachinko billionaire Kazuo Okada, have been locked in a bitter legal feud over company shares for…Read More