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Seminoles Set Deadline For Florida Gaming Compact Negotiations

Seminole Florida compact negotiations exclusivity

The Seminole Tribe is ready to play hardball with the state of Florida over the inability of state leaders to negotiate exclusivity for the tribe’s gambling operations. And if the state doesn’t reply soon, the Seminoles say they’re willing to play without them. Seminole Tribal Chairman James Billie sent a letter to state officials telling…Read More

New Bedford Casino Plan Easily Approved by Voters

New Bedford casino vote Massachusetts

New Bedford voters overwhelmingly showed approval for a casino in their city, moving the proposal by developer KG Urban into the mix for the final casino license in Massachusetts. Nearly three quarters of the voters who turned out said yes to the plan, which would place a new $650 million casino on the city’s waterfront….Read More

Developer Making Final Push Ahead Of New Bedford Casino Vote

New Bedford casino license vote

New Bedford will vote next Tuesday on whether or not to approve a casino proposal by KG Urban Enterprises, which wants to compete for the final available casino license in Massachusetts. But before that vote, KG Urban is doing everything it can to make the case that their resort would be good for the city….Read More

AGA Denounces “Damaging” IRS Proposals On Capitol Hill

Geoff Freeman, AGA president, IRS hearing

American Gaming Association (AGA) President and Chief Executive Geoff Freeman testified at an IRS hearing on Capitol Hill this week, voicing industry concerns over plans to lower the tax reporting threshold for slot winnings from $1,200 to $600. Also present at the hearing were casino executives and tribal representatives. The consensus within the casino industry…Read More

Treasury Report Highlights Casino Money Laundering Risk

National Money Laundering Risk Assessment report, casinos

The US Department of Treasury has published its annual National Money Laundering Risk Assessment report, a 100-page document focusing on the threat that money laundering may pose to the US financial system. This year, casinos get a whole chapter to themselves, which is perhaps unsurprising when you consider that, in 2013, some 27,000 Suspicious Activity…Read More

Caesars Battling $6 Billion Lawsuit From First-Lien Creditors

Caesars Entertainment lawsuit UMB Bank

Caesars Entertainment Corp (CEC) has been hit by a $6.3 billion lawsuit that is seeking to recover the outstanding amount, including both principal and interest on first-lien notes that were issued by Caesars Entertainment Operating Company (CEOC). The suit was brought by UMB Bank, which is the trustee for several of the issuances of those…Read More

Paris Rejects “Vegas-style” Casino For “London-style” Gambling Clubs

Paris, casino reforms

The French government has had it with the traditional cercles de jeux but Vegas is not the Parisian mayor’s “cup of tea,” apparently. That means Paris is likely to reject the idea of a large Vegas-style casino in favor of small and select London-style gambling clubs, like Crockfords or the Ritz Club. The government is…Read More

MGM Mogul Kirk Kerkorian Dead at 98, Founding Father of Modern Las Vegas

Kirk Kerkorian Las Vegas mogul dead

Kirk Kerkorian, the father of the modern Las Vegas mega-resort and the man who bought and sold MGM numerous times over, has died at his home in Beverley Hills at the age of 98. As well as being one of the key figures to shape the Las Vegas Strip, Kerkorian was an aviator, a movie…Read More

Donald Trump Jumps Into GOP Presidential Race With No Excuses For Being a Money Man

Donald Trump GOP nomination Republican president 2016

Donald Trump has never  shied away from a chance to go on camera and say what he thinks, be it politically correct or otherwise. So it should surprise no one that his announcement that he’s joining the dozen plus Republican presidential candidates already running would be anything but dull. Trump announced his bid for the…Read More

New Jersey Casinos See Online And Live Gains In May

New Jersey online gambling May

New Jersey’s online gambling market continues to grow, helping bolster the remaining eight casinos still operating in Atlantic City. But while the overall numbers are positive, not all games and casinos are sharing equally in the good fortune. According to the New Jersey Department of Gaming Enforcement (DGE), online gambling revenues were up to $12.47…Read More

Carl Icahn Awarded Trump Taj Mahal as Battle with Union Continues

Carl Icahn Taj Mahal Atlantic City union conflict

Billionaire Carl Icahn has acquired the Trump Taj Mahal, exchanging $292 million he’s owed for complete ownership of the casino in a deal that was approved by the New Jersey Casino Control Commission this week. Icahn says he will invest another $100 million to revitalize the resort and to keep the Atlantic City landmark solvent….Read More

Ritz Club Sues Tycoon Safa Abdulla Al Geabury Over £2 million Gambling Debt.

Safa Abdulla Al Geabury, Ritz casino

The Ritz Club, London’s famously high-end, high-roller casino, is suing a Swiss property tycoon over a £2 million ($3.1 million) bounced check. According to the Ritz’s filing, Safa Abdulla Al Geabury wrote out the check to fund a gambling session one night in February last year, but it turned out to be a dud when…Read More

UMass Amherst Releases Largest Gambling Study In US History

UMass Amherst gambling study Massachusetts

Gambling is an important topic in Massachusetts at the moment, as the state prepares for the coming of at least two large resort casinos in the next few years. In advance of that gaming expansion, the University of Massachusetts at Amherst (UMass Amherst) has released a study that gives a baseline for the state of…Read More

Massachusetts Gaming Commissioner Facing Ethics Investigation

Ethics investigation Stephen Crosby Massachusetts

The Massachusetts casino licensing process has been fraught with lawsuits, accusations and campaigns for and against every proposed project, making it one of the most contentious gaming expansions seen anywhere in the United States. The controversies over allowing casinos in the state have seemed to come at every level, and even the state’s gaming commission…Read More

Reveal Truth About LVS And The Triads, Judge Told

Sheldon Adelson, Las Vegas Sands, Macau, Triads

A Las Vegas judge has been asked to disclose the contents of a report compiled as part of the wrongful termination lawsuit brought against the Las Vegas Sands by its former employee, Mark Jacobs. “The Vickers Report,” compiled by Steve Vickers, former head of the Royal Hong Kong Police’s Criminal Intelligence Bureau, may or not…Read More