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GOP Tax Reform Could Increase Cost of Las Vegas Raiders Stadium by $100M

Speaker of the House Paul Ryan

Tax exempt bonds financed from a hotel charge on Las Vegas casino resorts being used to build Raiders Stadium could increase the cost if a provision in federal tax code legislation is approved. House Republicans unveiled their tax plan Thursday, and part of the proposal would eliminate the ability of stadiums to use the popular…Read More

Pennsylvania’s Small Cities and Rural Towns Ponder Satellite Casino Status, Not All Are on Board

Pennsylvania satellite casino gambling

As many as 10 Pennsylvania satellite casinos have been approved by the state government, but before licensed gaming operators can begin bidding on where they want to build their more down-sized venues, towns and cities in the Keystone State must first decide whether they want to welcome any themselves. And in the week following Governor…Read More

Maine Casino Committees Fined Record $500,000 by State Ethics Commission

Maine casino ethics Shawn Scott

The groups behind the Maine casino push to place a gambling facility in York County have been fined a record $500,000 by the state’s Commission on Governmental Ethics and Election Practices. The commission said testimony provided by those who were supposedly running the casino movement, known as Horseracing Jobs Fairness, contradicted evidence it discovered in…Read More

Playtech Shares Plunge Following Profit Warning

Playtech profit warning

Online gambling giant Playtech saw its shares fall by more than 20 percent following an announcement from the company that profits would not be in line with expectations for 2017. The warning saw shares fall approximately 21.5 percent on Thursday, closing at £7.71 ($10.08) a share. The firm said that its full year profits would…Read More

Philadelphia Casino Lawsuit Dropped, PA Gambling Expansion Bill Generates $1 Million

Philadelphia casino Pennsylvania gambling

A second Philadelphia casino is cleared for construction, after rival SugarHouse dropped its ongoing lawsuit against Stadium Casino, LLC, that has prevented the Live! Hotel & Casino project in the Stadium District from moving forward. The cease of the legal challenge comes as a result of the massive gambling expansion bill signed into law this…Read More

‘Demonstration Mode Only’ Brazil Casino Feels the Sting When Police Raid Venue for Switching to Real Money Slots

Winfil Casino Brazil casino raid

An attempt by a Brazil casino to offer the first legal gambling in the South American country came to a crashing halt when police raided the venue on Monday, after it began taking real money bets. The operators had been given “demo mode only” parameters for the property, but took it to the next level….Read More

Nevada Sportsbooks Collect Record Handle in September, Casino Revenue Increases 3.3 Percent

Nevada sportsbooks September casino revenue

Nevada sportsbooks pulled in $558.4 million in wagers during September, the largest handle in state sports betting history. It tops the previous mark by $1 million, which was set in November of 2015. Oddsmakers performed well, keeping $44.4 million of the money, an increase of eight percent on the same month in 2016 and the…Read More

Ethics Commission Probes Financing for Maine Casino Campaign

Maine casino ethics committee

The Maine Commission on Governmental Ethics and Election Practices is investigating whether the campaign behind the proposal to bring a casino to York County hid the source of more than $4 million in funding. The commission ultimately listened to over 10 hours of testimony for attorneys representing several individuals closely tied to the campaign. Groups…Read More

Bureau of Indian Affairs Stays Out of Connecticut Casino Expansion Debate

Bureau of Indian Affairs Connecticut casino

The Bureau of Indian Affairs (BIA) has missed a deadline to approve or reject a satellite casino project in East Windsor, Connecticut, one that’s being jointly built by the state’s two Native American groups on non-tribal land. The Mashantucket and Mohegan Sun tribes want to build a $300 million gaming venue just 13 miles south…Read More

Pennsylvania Gambling Expansion Law Includes Earmarks for $20 Million Aquarium, $5 Million Indoor Rec Center

Pennsylvania gambling Tom Wolf

The economically all-encompassing Pennsylvania gambling expansion package signed yesterday by Governor Tom Wolf (D) is a 939-page bill that comes with a few carefully placed earmarks. The most notable is $20 million set aside for the City of Easton to help build its planned Da Vinci Center aquarium and science center attraction, which would be…Read More

Voters on Taiwan’s Kinmen Islands Overwhelmingly Reject Call for Legal Casinos

Protesting casinos in Taiwan

The people of Kinmen Island in Taiwan spoke loud and clear at the ballot box on what they thought about allowing casinos in their towns. They overwhelmingly rejected a referendum on the matter Saturday by a vote of 21,663 to 2,705. The turnout was about 24 percent of the 114,000 residents on the island who…Read More

Game Changer: Pennsylvania Legalizes Online Gambling as Part of Budget Crisis Solution

Pennsylvania gambling expansion Tom Wolf

Pennsylvania Gov. Tom Wolf has signed into law a massive gambling expansion package that in addition to allowing for more casino outposts across the state, also includes provisions to legalize online poker, internet casinos, and daily fantasy sports. The new law is part of a bill to fix the state’s budget. In July, Wolf allowed a…Read More

UK Bookmakers Expecting New Restrictions on FOBTs

UK terminal betting limits

Bookmakers in the United Kingdom are expecting to be hit with tough new restrictions on fixed-odds betting terminals (FOBTs) when the results of a government review are published sometime this week. According to a report in The Guardian, government sources have indicated that the report will recommend three different maximum betting levels, all of which…Read More

Federal Sports Betting Ban Marks 25th Anniversary, Gaming Industry Says Law’s Days Are Numbered

federal sports betting fan PASPA

Twenty-five years ago today sports betting became outlawed in all but four states, the exceptions provided due to those jurisdictions having some form of sports gambling at the time. But while former US Senator Dennis DeConcini (D-Arizona) might be celebrating the anniversary of his anti-sports betting legislation that was signed into law October 28, 1992,…Read More

Tropicana Las Vegas Says Cancellations Increased 35 Percent Following Shooting

Tropicana Las Vegas Penn National

Penn National Gaming, parent company to Tropicana Las Vegas, says cancellation rates at the Strip resort surged 35 percent year over year following the October 1 deadly shooting that left 58 victims dead and hundreds injured. The closest casino to the Route 91 Harvest country music festival site not owned by MGM, Tropicana executives explained…Read More