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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

Universal Entertainment’s Kazuo Okada Ousted from Philippines Casino for Alleged $17 Million Improper Transfer

Kazuo Okada and Steve Wynn

Japanese slots manufacturer and gaming magnate Kazuo Okada was removed as chairman from Manila’s Okada Casino in the Philippines on Monday. It was the second position the 73-year-old billionaire has lost in as many weeks, after allegations that he improperly transferred $17.3 million from chichi casino Tiger Resorts Asia in March of 2015 to Okada Holdings….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

UK Genting Casino Attacked by Machete-Wielding Masked Robbers for Second Time in Two Months

Genting Casino Birmingham robbery

Five masked robbers hit a Genting Casino in Edgbaston, Birmingham, UK last week, all brandishing machetes. The criminals took off with an unspecified amount of cash after traumatizing employees and gamblers, who were unsure if the attack was terror-related or not. The robbers made off in a dark BMW sometime shortly after 2 am on…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

London Police Partner with UK Gambling Commission to Combat Illegal File-Sharing

Illegal downloading sites no longer a place for online gambling affiliates.

Online gambling companies are no longer allowing their affiliates to place ads on websites that traffic in stolen content or facilitate theft of intellectual property. This change comes as a result of a partnership between London Police and the UK Gambling Commission designed to cut off a key funding source for illicit file-sharing websites. Dubbed…Read More

Macau Declares Its Casinos Safe for Visitors, “Low Risk” for Major Attacks

Macau casinos security Paulo Chan

Casinos in Macau face little threat of being targeted by a terroristic group or rogue gunman or faction. That’s according to Paulo Chan, director of the Gaming Inspection and Coordination Bureau (DICJ). The chief gaming regulator in  Macau asked its six major casino companies to submit detailed security reports, outlining their plans and protocols for…Read More

Philippines Cracks Down on Problem Gamblers in Wake of Casino Rampage

Exclusion order for Jessie Javier Carlos

Philippine gaming authorities had alerted all casinos in the country not to allow Jessie Javier Carlos on their properties, just two months before he embarked on a violent rampage that resulted in one of the largest mass murders in Philippines history. As government officials and police investigators try to understand why Carlos’s presence at the…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

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

Battle for Gettysburg Gambling Ends, as Racino Developer Surrenders Position

Gettysburg casino plan canceled

A proposal from a Pennsylvania businessman to build a “racino” in historic Gettysburg has been snuffed out, easing concerns of historical societies and area residents who vehemently opposed turning the sacred Civil War battlefield into a gambling destination. On Thursday, David LeVan announced he would not seek a horse racing and gaming license from the…Read More

DraftKings FanDuel Merger on the Ropes, Insiders Say

DraftKings FanDuel merger on or off

A DraftKings FanDuel proposed merger could be in serious jeopardy, according to sources with insider knowledge of the faltering deal. Three sources who spoke to technology business website Recode this week said they believe the Federal Trade Commission (FTC) could be gearing up to block the deal, because of serious concerns about the ramifications of…Read More

Resorts World Manila Ready to Reopen, Without Casino Gambling for Now

Resorts World Manila memorial

Resorts World Manila is beginning the process of reopening to the public, after a disgruntled gambling addict torched the casino floor and a hotel room on June 2, leading to 37 deaths. The operator of the casino and hotel resort in the Philippine capital announced that the entertainment areas of the property will resume operations…Read More

City of Niagara Falls Demands Answers on Seneca Rev Share Payments

Governor Cuomo tight-lipped on Seneca rev share stand-off

Officials for the City of Niagara Falls in New York State are concerned that the Seneca Nation’s decision to freeze revenue share payments to the state will leave them starved of funding. But the apparent inaction from New York Governor Andrew Cuomo’s office in pursuing a solution is making matters worse, leaving the government scratching…Read More