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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

Connecticut Casino Bill To Be Signed Into Law As State Takes Fight to Massachusetts

MGM Springfield, Massachusetts, Connecticut casino bill

The New England casino arms race is about to escalate with the news that Connecticut Governor Dannel P. Malloy will shortly sign into law a bill that would pave the way for a tribal casino in the north of state along the Massachusetts border. Across the border, MGM Resorts International recently broke ground on its $800…Read More

Wynn MGM Merger Rumored, But Solid Evidence Still Sketchy

Wynn MGM merger rumor Cramer

A Wynn MGM merger mentioned on a respected national TV financial show would get anyone’s attention, but whether or not it’s a real possibility is still a bit vague, it seems. Wynn Resorts is rumored to have interest in merging with MGM Resorts, a move that would result in a monstrously large gaming company that…Read More

Casino Fined Record $75 Million For “Willful” Money Laundering Violations

Tinian Dynasty Hotel and Casino, Northern Mariana Islands, money-laundering

A Pacific Island casino has been fined a record $75 million for violation of anti-money-laundering regulations. The US Financial Crimes Enforcement Network FinCEN said this week that the Tinian Dynasty Hotel & Casino in the Northern Mariana Islands was guilty of a “willful and egregious” flouting of the Bank Secrecy Act for failing to file…Read More

800-Year-Old Native American Casino Discovered in Utah

Promontory Indian casino Great Salt Lake Utah

It’s just as we thought: Native American casino gambling existed long before 1988. Archeologists in Utah have unearthed a cave on the shore of the Great Salt Lake that appears to be an early Indian casino. Inside the cave they found hundreds of 800-year-old gambling artifacts, such as dice, carved sticks, hoops, and darts. Yes,…Read More

Macau May Revenues Continue Year-Long Downward Spiral

Macau casinos May revenues down

The Macau gaming industry declined by about 37 percent in May, as the continued dearth of VIP gamblers in the territory’s casinos extended a downturn in revenues into its 12th straight month. Gambling revenue fell to 20.3 billion patacas ($2.5 billion) in May, down from about 32.4 billion patacas ($4.06 billion) in the same month…Read More

Hard Rock Unveils New Jersey Meadowlands Proposal

Hard Rock Casino Meadowlands, artist’s rendering

Hard Rock International and the Meadowlands Racetrack have revealed their plan for a casino in north New Jersey. The companies are proposing a $1 billion casino project for the East Rutherford sports complex, right next to the New York Jets and New York Giants’ stadium, should New Jersey opt to break the Atlantic City monopoly…Read More

New Jersey Bill Proposes Referendum For Casinos In The North

North New Jersey casino expansion bill, Jersey City view of Manhattan

New Jersey lawmakers have introduced a bill that would let voters decide on whether to expand casino gaming into the north of the state. The legislation, introduced by Assembly Democrats Ralph Caputo, Valerie Vainieri Huttle and Raj Mukherji, could permit up to three new casinos in Bergen, Essex, or Hudson counties and put an end…Read More