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MGM Cotai Grand Opening Celebration Delayed Until February, But Resort Still Opening This Month

MGM Cotai Macau casino resort

When first envisioned in 2013, Macau’s MGM Cotai was slated to open in early 2016. The $3.3 billion integrated casino resort has been repeatedly delayed over the last five years due to everything from economic concerns to mother nature. So perhaps it’s only fitting that while the casino will open for business on January 29,…Read More

Luxor Esports Arena Opening March 22, Strip’s First Permanent Video Gaming Tournament Venue

esports arena Luxor Las Vegas

The Esports Arena Las Vegas will open its doors inside the Luxor casino resort on March 22 and become the Strip’s first venue dedicated to competitive video gaming. Built in what was formerly the LAX nightclub, the 30,000-square-foot multilevel arena features a competition stage backed by a 50-foot LED video wall. The facility plans to…Read More

GVC Holdings Says 2017 Earnings at ‘Top End’ of Company Forecast

GVC Holdings Ladbrokes Coral

GVC Holdings says in a trading update to investors that its 2017 earnings will be “at the top end of management’s internal expectations.” Following a strong fourth quarter where net gaming revenues rose 21 percent to 279.5 million euros ($333.9 million), GVC says its full-year bottom line is now expected to be upwards of €1…Read More

Casino Audit Finds Lots of ‘Housewives’ and ‘Students’ Gambling at High Stakes Tables

BC casinos money laundering

Who knew so many high-stakes gamblers made their livings as a “student” or “housewife”? As part of an effort to snuff out money laundering by organized crime, a review of casino finances found that these two occupations made up an unusually large portion of high rollers in British Columbia, leaving BC’s attorney general to question where…Read More

Cleveland Losing Streak Pushes Sports Books to Raise Odds on Cavs Chances for NBA Title

Dwayne Wade and LeBron James

For a team that is supposed to challenge the Golden State Warriors for the NBA title, Cleveland is not looking like the second best team in the league. The Cavaliers have lost six of its last nine games and despite assurances from coaches and players that this is a temporary bump in the road fans…Read More

Extreme FOBT Max Bet Reduction Not So Bad, Says Study, But Betting Industry Still Balks

UK Minister for Culture Media and Sport, Nick Hancock

An impending fixed-odds betting terminal max bets crackdown in the UK would not have quite the crippling impact on the bookmaking industry, and by extension, government tax coffers, as has been previously suggested, according to new research. A report by the Centre for Economics and Business Research (CEBR) comes as the country’s Department for Culture, Media…Read More

Penn National Wins First Pennsylvania Satellite Casino Bid, Follows Lawsuit Against State

Penn National York satellite casino

Penn National Gaming won the first of 10 Pennsylvania satellite casino auctions with a $50.1 million bid to place a gambling venue in York County. The Wednesday development comes on the heels of a lawsuit filed by the company on Tuesday against the state that alleges the Category 4 mini-casinos, authorized in a massive gambling…Read More

Cyprus Casino Expected to Contribute More Than $800 Million to Eastern Mediterranean Island Economy

Cyprus casino economy

The major casino resort being built on the island nation of Cyprus is expected to add $838 million to the country’s economy each year beginning in 2022. That’s according to Cypriot President Nicos Anastasiades, who says the project, now known as City of Dreams Mediterranean, is expected to be one of the largest in Europe upon…Read More

Gaming Equipment Manufacturers See (Mostly) Rising Stock Prices in December

Trevor Croker, Aristocrat Technologies

The Association of Gaming Equipment Manufacturers (AGEM) Index posted notable gains for the fourth consecutive month, a positive indicator of growth for the multibillion-dollar casino equipment sector. The composite index includes 12 publicly traded gaming equipment manufacturing companies listed on various international stock exchanges, and for December, the AGEM index gained 24.14 points (4.9 percent),…Read More

Gaming Pioneer Stan Fulton, Who Helped Create Video Slot Machines, Dies at 86

Stan Fulton, 1931-2018

Stan Fulton, a pioneer in gaming who helped bring the video slot machine to the world, died Thursday in Las Vegas at age 86. Known as a gruff but generous man, Fulton used his fortune to help build the International Gaming Institute at UNLV, and fund many other philanthropic endeavors. Born in Maryland in 1931,…Read More

PAGCOR Casino Sell-Off to Be Completed in Next Few Months, Philippines Official Says

PAGCOR casinos gambling Philippines

PAGCOR, the Philippine Amusement and Gaming Corporation, is in the process of unloading its government-owned casinos, as directed by President Rodrigo Duterte, who wishes to transform the agency into a regulator-only capacity. PAGCOR owns 46 total gambling facilities, with most being small satellite venues spread across the country. The gaming agency also owns and operates…Read More

Novomatic Finalizes Purchase of Controlling Interest in Ainsworth Game Technology

Ainsworth Novomatic acquisition

Australian casino manufacturer Novomatic has taken a controlling interest in Australian slot machine developer Ainsworth Game Technology, acquiring a 52 percent stake in the company. The takeover comes following a Friday announcement by the two firms that they had received all of the necessary regulatory approvals to complete the acquisition. The relatively complex deal was…Read More

Gamblers in India Flock to Nearby Nepal Tiger Palace Casino, Close to Countries’ Adjacent Borders

Tiger Palace Resort Nepal luring Indians

Located in a relatively rural area just six miles from the Nepal-India border, Tiger Palace Resort is going after the millions of Indians in the nearby surrounding region who love to wager. Gambling remains predominantly outlawed in India, despite recent discussions regarding a possible easing of laws. Benefitting from that problem now is Nepal’s newly opened…Read More

Penn National Gaming Hits Pennsylvania with Legal Action in Response to Satellite Casino Proliferation

Penn National Gaming Pennsylvania casino expansion lawsuit

Penn National Gaming filed a lawsuit on Tuesday, challenging one of the main features of Pennsylvania’s recent gambling expansion: the introduction of up to 10 satellite casinos throughout the Keystone State. According to the suit, Penn National believes that the new mini-casinos would cause “significant and unique” harm to its Hollywood Casino in Grantville, violating…Read More

Florida Gambling Amendment Likely to Reach Ballot in November

Florida gambling constitutional amendment

Groups attempting to push a constitutional amendment to give voters control over gambling expansion in Florida have nearly collected enough signatures to put their proposal on the state ballot this November. The Voter Control of Gambling in Florida initiative had collected over 725,000 valid signatures, close to the 766,200 it would need to submit by…Read More