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Sportsbet and CrownBet Duke It Out for William Hill Australia

Sportsbet and CrownBet are courting William Hill Australia

There are now just two horses in the race to buy William Hill Australia. The Australian Financial Review reported Friday that Paddy Power-owned Sportsbet and the Stars Group’s newly acquired CrownBet are still in the running, after Ladbrokes and Bet365 fell at the first fence. AFR understands that all four suitors submitted bids by Monday’s…Read More

Macau Casino Revenue Surge Comes to a Screeching Halt, February Win Falls Short of Expectations

Macau casino revenue February

Macau casino revenue rose 5.7 percent last month to $3.02 billion, far less than the seven to 12 percent growth predicted by gaming analysts. The less than six percent gross gaming revenue (GGR) increase is the smallest year-over-year percentage gain since January 2017. After a strong start to the year where gross gaming win surged…Read More

Las Vegas Casino Resort Fees Rise at MGM, Station Properties, as Guests Pick Up Tab for Expected Wage Increases

Jim Murren’s MGM to raise resorts fees

Resort fees, those mysterious charges that casinos slyly add onto your hotel room bill, are going up again in Las Vegas. Beginning Thursday, March 1, certain MGM Resorts and Station Casinos properties will hike up their resort fees, taking a cue from Caesars Entertainment, which raised its own rates at the beginning of February The…Read More

Steve Wynn Hit with Multi-Point Civil Suit from Former Massage Therapist, Allegations Reinforce Those of Other Reported Past Misconduct

Steve Wynn lawsuit

Steve Wynn is facing a civil lawsuit from his former massage therapist that lists a litany of complaints, including assault, battery, breach of contract, intentional and negligent infliction of emotional distress, and civil conspiracy. The suit is noted as being for “general and punitive damages in excess of $50,000, and attorneys fees and costs.” According…Read More

Nevada Casino Revenue Tops $1 Billion in January, But Strip Struggles Continue Since October 1 Shooting

Las Vegas Strip January 2018 revenue

Nevada casino revenue totaled $1.015 billion in January, and while that’s a two percent drop compared to the same month in 2017, it marks the first time the state has eclipsed the 10-digit threshold in a year. It’s the 36th time ever that the Silver State’s casinos have surpassed the $1 billion monthly mark. January…Read More

Stars Group Buys Into CrownBet to Enter Australian Sports Betting Market

Rafi Ashkenazi Stars Group CrownBet

The Stars Group announced on Tuesday that it had purchased a 62 percent stake in CrownBet Holdings, giving it the controlling interest in one of the largest bookmakers in Australia. The purchase cost the Stars Group approximately $117.7 million to complete. The purchase was made entirely in cash that was already on the firm’s balance…Read More

SJM Holdings Net Profit Plunges 16 Percent in 2017, as Macau Market Share Continues to Decline

SJM Holdings revenue Casino Lisboa

SJM Holdings delivered less profit to shareholders in 2017, with the company saying in its year-end financial report that earnings per share fell 15.6 percent. The casino company credits its continuing loss of market share in Macau for the drop. As of December 31, SJM owned 279 VIP gaming tables, 36 less than it did…Read More

More Steve Wynn Rape and Paternity Rumors Surface, as New Police Reports Recount Decades-Old Allegations

Steve Wynn accused of rape

A Chicago woman has now claimed in a recent police report that Steve Wynn raped her several times in the 1970s, and that she subsequently allegedly gave birth to his daughter in a gas station restroom. That report was made public for the first time on Tuesday, after being obtained by the Associated Press, adding…Read More

DraftKings Hires Sportsbook Exec Ahead of US Supreme Court Decision on Christie v. NCAA

DraftKings sports betting PASPA

DraftKings is preparing its company for life after the US Supreme Court potentially repeals the current federal ban on sports betting. The daily fantasy sports (DFS) provider announced this week that it has hired its first “Head of Sportsbook,” with Sean Hurley the man appointed to the position. Hurley comes to the DraftKings from London-based…Read More

Manila Casino Development Westside City Announces $1 Billion Expansion

Manila casino Entertainment City Philippines

Westside City Resorts World, a planned Manila casino development in Entertainment City, announced this week through a disclosure with the Philippine Stock Exchange that its total investment is increasing by P54 billion ($1.03 billion). The MegaWorld Corporation, billionaire Andrew Tan’s real estate company that’s developing Westside City, said the added investment covers additional costs associated…Read More

Hard Rock Atlantic City Willing to Work With Union That Led to Trump Taj Mahal Closure

Hard Rock Atlantic City jobs union

Hard Rock Atlantic City is betting on a belief that history doesn’t always repeat itself. Representatives for the Boardwalk casino confirmed this week that the resort has entered into an agreement with Unite Here Local 54, the same workers union that led to a standoff with former Trump Taj Mahal owner Carl Icahn, and eventually…Read More

Horseshoe Southern Indiana Riverboat Casino Shut Down Due to Road Flooding, State Losing $255,000 a Day in Taxes

Horseshoe Southern Indiana closed due to flooding

The Horseshoe Southern Indiana riverboat casino, known locally as “The Boat,” has been closed since last Thursday, due to dangerously high water levels on the Ohio River. And it’s hitting state coffers hard, as the Hoosier State makes 35 percent in tax intake off the gaming venue’s profits. The casino is losing $731,113 per day,…Read More

William Hill Australia Mulls Four Takeover Bids From Sports Betting Rivals

William Hill Australia Tom Waterhouse

William Hill Australia is considering four takeover bids, according to the Australian Financial Review, and the winning proposal will be announced before the end of this week. London-based William Hill wants to unload its Australian operating unit after a nationwide credit betting ban was recently implemented. William Hill CEO Philip Bowcock has said its Aussie business…Read More

Jeju Shinhwa World Casino Begins Games of Another Kind in South Korea, Just as Winter Olympics Wrap Up

Jeju Shinhwa World casino opens

At the newly opened Jeju Shinhwa World Casino, 300 miles to the south of the Winter Olympics that just finished up in Pyeonchang on Sunday, a whole new set of games are ready to pit opponents against one another. This time, it’s the classic battle of gambler vs. the house, with the latter in this case…Read More

Unlucky 13 Casino in Macau Facing Further Opening Delays to March 2019

The 13 Macau Stephen Hung

The 13, as the casino in Macau’s Coloane Valley is known, may be regretting its choice of an unlucky number for its nomenclature. The gaming venue has faced a bevvy of obtsacles, and now, in recent financial filings with the Hong Kong Stock Exchange, the parent entity to the $1.6 billion resort says it hopes…Read More