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Four Winds South Bend Casino Could Cut Indiana State Revenue by $350 Million

Four Winds South Bend could cost Indiana $350 Million in five years

Indiana’s casinos could take an $800 million hit in the first five years following the establishment of a new tribal casino, which would in turn leave state coffers $350 million poorer. That’s the verdict of new research from the Spectrum Gaming Group, commissioned by the Casino Association of Indiana, on the impact of Four Winds…Read More

Atlanta Will Still Have Georgia Gaming Opportunities on Its Mind When 2017 Legislative Session Resumes

Georgia casino bill MGM Jim Murren

The failed Georgia casino bill that didn’t gain enough support in Atlanta during this year’s legislative session is expected to return in the New Year. A proposed measure that would have authorized up to five land-based casinos in five geographical zones in the Peach State was shelved in March. Bill sponsor State Representative Ron Stephens (R-District 164), whose…Read More

Philippines Gaming Regulator PAGCOR Claims Missing Casino Owner Not Paying His Fair Share of Taxes

fontana-casino-pagcor-tax-dispute-philippines

PAGCOR, the Philippine Amusement and Gaming Corporation, clarified this week that wanted Chinese citizen Jack Lam has a “perpetual” casino license in the country, but claims he is failing to pay the appropriate gambling taxes. Lam owns and operates Fontana Hot Spring Leisure Parks in Clark and Fort Ilocandia Resort in Laoag City. According to PAGCOR…Read More

Japan Passes Casino Bill, Opening Up Potential $40 Billion Market

Japan passes casino bill.

Japan, the sleeping giant of casino gaming, has awoken. In the early hours of Thursday morning, lawmakers in the upper house of the Japanese parliament passed the Integrated Resorts Promotion bill, paving the way for full scale casino resorts in the country. Japan has not officially legalized casino gaming today, but this will now almost…Read More

Consortium Makes Shock $7.3 Billion Offer for Tatts, Igniting Potential Bidding War

Consortium makes offer for Tatts

The proposed merger between Australian betting giants Tabcorp and Tatts was plunged into uncertainty after a consortium including private equity firm KKR and investment banker the Macquarie Group launched an unexpected A$7.3 billion ($540 billion) bid for Tatts. The bid trumps the Tabcorp deal, which values Tatts at around A$6.03 billion ($4.47 billion), and this…Read More

Casino Gamblers’ Spending Prognosis Expected to Bump by 3.5 Percent Through 2020

casino consumer spending Steve Wynn

Casino consumer spending is ready for takeoff. According to a study titled “Gambling: United States” conducted by Freedonia Focus Reports, an Ohio-based market analytics firm, gambling will grow in the United States at an annual rate of 3.5 percent through 2020. Due to increased consumer spending, domestic casinos should see their revenues and bottom lines…Read More

Macau Casino Smoking Fines Up Nearly 36 Percent in 2016, as Chinese Gamblers Keep on Puffing

casino smoking Macau fines

Macau casino smoking fines are up 35.7 percent through the first 11 months of 2016. Macau’s Health Bureau reports that 585 people have been issued citations for smoking indoors on casino floors. By a law passed in 2013, casinos in Macau must block patrons from smoking while gambling. Tobacco use is restricted to enclosed smoking…Read More

Chris Christie Says North Jersey Casino Referendum Smackdown Was “Dumb Move”

chris-christie-north-jersey-casino-referendum

Governor Chris Christie (R) says New Jersey voters made the wrong decision last month regarding the casino expansion ballot question they overwhelmingly refuted on November 8. Cohosting the “Boomer and Carton” radio program this week on CBS New York, Christie said the results of the Garden State referendum was a “dumb move.” The former presidential…Read More

MGM Boss Jim Murren, Former Opponent, Says He’ll Work with Trump on Gaming Issues

Jim Murren sports betting Donald Trump

MGM CEO Jim Murren is in Washington, DC, this week for the grand opening of his company’s $1.4 billion National Harbor resort. The gaming executive stopped by the National Press Club earlier this month in the nation’s capital for a luncheon, and as is typically the case in DC, politics became an item of discussion….Read More

GVC Prepared Bid for Ladbrokes-Coral but Talks Have Broken Down, Say Sources

Kenny Alexander’s GVC prepared bid for Ladbrokes-Coral

Reports late Friday that GVC had prepared a £3.2 billion ($4 billion) reverse takeover bid for Ladbrokes-Coral were followed almost as quickly over the weekend by suggestions that negotiations had collapsed. According to sources close to the UK’s Financial Times, GVC was said to have put together an ambitious bid, similar to last year’s acquisition…Read More

Singapore Casinos Singing the Blues as Gaming Loses to Shopping

Singapore casinos Sheldon Adelson

Singapore casinos are now second fiddle in the country’s tourism industry. For the first time since the island city-state legalized commercial land-based gambling in 2012, casinos aren’t leading the way when it comes to tourist spending. Instead, travelers are opening their wallets and checkbooks at the malls. According to the Singapore Tourism Board, tourists spent…Read More

Macau Stocks Recover for LVS, Wynn, and MGM, as ATM Restriction Rumors Prove to Have Been Exaggerated

jim-murren-macau-atm-restrictions-stock-rally

Macau casino stocks recovered over the weekend, after fears that new ATM restrictions imposed by China on the gambling enclave would hurt the industry proved to have been disproportionate to the reality. Late last week, regional media reported that the Chinese government had decided to halve the withdrawal cap on ATM machines, beginning on Saturday…Read More

New Jersey Racetracks Want Internet Gaming Cafes

New Jersey racetracks internet gaming cafes

New Jersey racetracks are looking for a lifeline to prosperity, but voters last month in the Garden State vigorously rejected a ballot question that would have expanded gambling outside of Atlantic City. Meadowlands Racetrack in East Rutherford, one of the likely locations of a mega-casino should the November referendum have passed, is now on to…Read More

MGM National Harbor Asks Non-Reservation Guests to Stay Away

MGM National Harbor opens

MGM National Harbor had no problem attracting plenty of guests during its opening weekend. The $1.4 billion resort some 10 miles southeast of Washington, DC, was filled to capacity, forcing MGM to ask non-reservation guests to steer clear of the venue. The resort opened on Thursday night at 10:30 pm, and troves of gamblers and…Read More

Nevada Regulators Look to Extend Account Wagering Across the Casino Floor 

AG Burnett to discuss expanding wagering accounts with fellow regulators

Nevada regulators are considering expanding the use of wagering accounts at land-based casinos to cover more forms of gambling, not just sports betting and a smattering of online games, as is currently the case. The proposed changes would permit players to bet on slots, video poker and bingo using their casino accounts. The proposal has…Read More