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Shares of 13 Holdings Down 80 Percent in 2017 as Founder Seeks Cash to Finish Macau Resort

13 Holdings Stephen Hung Macau

Shares of 13 Holdings traded on the Hong Kong Stock Exchange have lost 80 percent of their value in 2017, as the company’s marquee project, the ultra-modern Macau luxury resort The 13, remains unfinished and underfunded. Flamboyant businessman Stephen Hung, a former Merrill Lynch executive, banker, and the founder of 13 Holdings, announced in a…Read More

Tornado Rips Through Oklahoma Casino During Beach Boys Concert

Riverwind casino tornado damage

A sold-out Beach Boys show at the Riverwind Casino in Norman, Oklahoma, was interrupted by a small tornado Saturday night. The unexpected visitor ripped the roof off the casino, damaging more than 800 slots, video poker, and other gaming machines. A hotel connected to the resort had to relocate guests for the weekend, due to…Read More

MGM Resorts Pushes Forward on Connecticut Casino, Asks Bridgeport Locals for Support

MGM Resorts Connecticut casino

MGM Resorts is aiding in the Springfield, Massachusetts, revitalization process by way of its $960 million investment in constructing an integrated casino resort that will create thousands of jobs and generate new wealth for the local area. And this week, MGM revealed that it’s also still willing to lend support to another town in desperate…Read More

Penn State and Notre Dame Impress, Alabama Still Strong Favorites for National Championship

Penn State Notre Dame college football odds

#2 Penn State made easy work of Big Ten rivals #19 Michigan on Saturday before a record Beaver Stadium crowd of 110,823. The Nittany Lions’ first win against a ranked opponent this year delivered some validation to the team’s high ranking, and marks their 16th win in their last 17 games, the lone loss coming…Read More

Abe Election Win May Improve Odds of Casinos for Japan

Shinzo Abe election

Japanese Prime Minister Shinzo Abe scored an overwhelming political victory on Sunday, as his Liberal Democratic Party (LDP) and their coalition partners appeared to have captured two-thirds of the seats in the House of Representatives, the lower house of the national Diet (parliament). The results are widely seen as a vote of approval for Abe’s…Read More

Crown Resorts Refutes Allegations of Slot Machine Tampering, but Still Gives Up on Japan

Crown Resorts slot machine tampering

Crown Resorts is responding publicly to claims brought to Parliament by federal lawmaker Andrew Wilkie that the company tampered with slot machines to make terminals continually generate bets, and force gamblers into specific betting patterns by disabling buttons to alter wagering options. Wilkie revealed last week that the whistleblowers are former Crown employees at its…Read More

Philippines Casino Revenue Up 15 Percent in 2017, PAGCOR Gets Bidding Interest for Venues

Philippines casino resort PAGCOR

The Philippines casino industry is alive and well despite a gruesome attack at Resorts World Manila in June by a lone gunman that killed 37 people. PAGCOR, the state-owned Philippine Amusement and Gaming Corporation, says in its half-year report filed this week that gross gaming revenue for the industry totaled PHP 39.15 billion ($760 million)….Read More

Minnesota Tribe Seeks New Land To Be Taken Into Trust, Residents Don’t Want a Casino

Minnesota tribe Prairie Island casino

A Minnesota tribe has asked the US government to place 112 acres of land it bought in 2015 into a federal trust, which would allow the property to become immune from local land use and zoning ordinances. The land in question is in West Lakeland Township east of St. Paul near Woodbury. The Prairie Island…Read More

Illinois Video Gambling Terminals Generate More Tax Revenue Than Riverboat Casinos

video gambling terminals Illinois

Video gambling terminals (VGTs) inside Illinois bars and eateries where liquor is served delivered $296 million in tax revenue to state coffers during the most recent fiscal year. That outpaces the state’s 10 riverboat casinos, which generated just $270 million for the Springfield capital. It’s the first time VGTs have produced more income for the…Read More

New Jersey Gubernatorial Candidates Support Casino Expansion

North Jersey casino governor race

The New Jersey gubernatorial race is down to Phil Murphy (D), a former Goldman Sachs executive and US ambassador to Germany, and Kim Guadagno (R), currently second in command serving as the lieutenant governor in Chris Christie’s administration. While the two disagree on nearly every issue facing the Garden State, they concur that Atlantic City’s…Read More

Mandalay Bay Convention Center Attendees Pass Through Hand-Held Metal Detectors at Barrett-Jackson Car Auction

Mandalay Bay security protocols

Security protocols were implemented at the Mandalay Bay Convention Center at the prestigious Barrett-Jackson automobile auction this week, with all attendees getting wanded by guards with hand-held-metal detectors. The center is at the back of the resort where on October 1st Stephen Paddock carried out the deadliest mass shooting in US history, killing 58 people and…Read More

Golden Entertainment’s Stratosphere, Arizona Charlie Acquisitions Approved by Nevada Gaming Commission

Stratosphere Golden Entertainment Las Vegas

The Stratosphere, along with two Arizona Charlie’s resorts, has been officially sold to Golden Entertainment, a company whose holdings are well-known to Nevadans due to its more than 50 taverns under the PT’s brand of pubs and restaurants. The Nevada Gaming Commission unanimously approved Golden Entertainment’s acquisition of the three properties from American Casino and…Read More

San Diego, California Getting Back in the Game, as Six Area Casinos Undergo New Construction

Pechanga San Diego $285 million expansion

Six San Diego casinos are getting a collective $1 billion infusion, which will go towards major remodelling, added amenities, and additional hotel rooms for the area. That’s more than half of the county’s 10 gaming venues, and shows that the fight to keep gamblers at home, rather than lose them to Las Vegas, is getting…Read More

The 13, Flamboyant Investor Stephen Hung’s Ultra-Luxury Macau Resort, Might Open Without Gambling

The 13 Macau Stephen Hung

The 13 is reportedly nearing completion on the 200 all-villa hotel, but the $1.6 billion development located south of the Cotai Strip in the Coloane Village reportedly won’t have a casino when it opens in the coming months. Speaking this week with GGRAsia, Lionel Leong, Macau’s third most senior government official who heads the city’s…Read More

Northern California Wine Country Casinos Offer Shelter Following Firestorm Devastation

wine country casinos California fire

Northern California’s wine country casinos are providing temporary shelter for those recently displaced by the  wildfires that have burned over 36,000 acres in Napa, Sonoma, and Lake counties. Twin Pine Casino in Middletown and Graton Casino in Rohnert Park both became evacuation centers earlier this month, as a dozen large fires simultaneously broke out on October…Read More