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No Verdict in Atlantic City PILOT Lawsuit Challenging Casino Tax Plan

Atlantic City PILOT casino taxes

The Atlantic City PILOT (Payment in Lieu of Taxes) program that allows the town’s remaining casinos to pay a flat property tax instead of fluctuating payments based on assessments was back in court on Thursday. Superior Court Judge Julio Mendez listened to arguments as to why the tax scheme is allegedly in violation of the…Read More

Connecticut Sues US Department of the Interior Over East Windsor Casino

Connecticut casino lawsuit Dannel Malloy

Connecticut Governor Dannel Malloy (D) and the state’s two federally recognized tribes want answers over the legality of constructing a satellite casino in East Windsor. Connecticut, along with the Mashantucket Pequot and Mohegan tribes, has filed a lawsuit against the US Department of the Interior (DOI) that seeks full authorization over the gambling venue that…Read More

Gaming Stocks Ride Growth Wave as Dow Climbs Past 24,000

Dow Jones 24000

The Dow Jones Industrial Average broke through the 24,000 barrier for the first time on Thursday morning, marking an all-time high for the index that mirrors similar growth in stock prices for major gaming firms. While many factors have contributed to the recent surge, one reason for the latest index bump seems to be the…Read More

Sheldon Adelson Loses Appeal in Defamation Suit over Prostitution Practices in Macau

Sheldon Adelson defamation Macau

Las Vegas Sands billionaire Sheldon Adelson’s reputation was not harmed by a Democratic Jewish group’s claims in 2012 that the casino magnate allowed prostitution to take place inside his Macau resorts. That’s according to the US 2nd Circuit Court of Appeals in Manhattan, which on Tuesday upheld earlier court rulings. During the 2012 presidential election,…Read More

VIP Junkets Return China’s High Rollers to Casinos in Macau, Australia, and Philippines

VIP junkets China high rollers Macau

Junket groups are once again bringing high rollers from the Chinese mainland to VIP rooms and casinos floors in Macau, as well as to casinos in Australia and the Philippines. The multibillion-dollar integrated casino resorts in Macau, as well as casinos in the other two countries, rely heavily on action from China’s ultra-elite. As People’s…Read More

Japan’s Casino Bidding War Might Last Two Years, Analysts Opine

Japan casino bill Shinzo Abe

Japan’s National Diet is expected to unveil is long-awaited commercial gambling bill sometime next month. The general consensus among analysts is that the legislation will authorize two integrated casino resorts in Osaka and Yokohama, with US gambling operators Las Vegas Sands and MGM Resorts the frontrunners to obtain the coveted licenses. But Spectrum Gaming, a…Read More

Conor McGregor’s Career Might Be Over, and That’s Unwelcome News for Sportsbooks

Conor McGregor UFC boxing odds

The future of Conor McGregor’s career is uncertain, as UFC President Dana White revealed this week that he has no idea what the next chapter holds for the Irish mixed martial arts (MMA) and boxing superstar. Talking with reporters this week about upcoming UFC fights, White was of course asked about the future of McGregor….Read More

State College Votes Against Pennsylvania Casino, Potential Sites Dwindling

State College casino Penn State gambling

State College Borough Council passed a resolution earlier this week that prevents a satellite casino from being built within the city’s limits. The action comes as a result of Governor Tom Wolf (D) signing a massive gambling expansion package into law in late October that authorizes up to 10 so-called “mini casinos” in rural areas….Read More

Financial Analysts Bullish on Macau, Predict ‘Roughly 20 Percent’ Growth for November

Lionel Leong of Macau

The rebounding Macau gaming market shows no signs of slowing down. That’s the news from analysts at several major brokerage firms, agreeing that year-over-year gross gaming revenue (GGR) in the Chinese casino enclave will increase by 18-20 percent in November, once final monthly numbers are tabulated. Based on figures collected in the month’s early weeks,…Read More

Fitch Ratings: Global Gaming Outlook Strong Heading Into 2018, But Northeastern US in Peril

Fitch Ratings gaming outlook 2018

Fitch Ratings says in its 2018 outlook that there’s plenty of reason to be bullish on the casino and gaming industry. One of the Big Three credit rating agencies, Fitch analysts believe the year ahead will provide a “sound economic outlook across global markets” that positions operators and suppliers for moderate growth in 2018. Fitch…Read More

Northern Ireland’s First Casino a Possibility in Belfast, Public Opinion Sought

Jim McVeigh Belfast City Council Northern Ireland casino

The City Council in Belfast, Northern Ireland’s capital city, wants its citizens to give feedback on a plan to bring the country’s first casino to its town. A consultation document, soliciting residents’ opinions from Dec. 11 until March 5, has been drafted and will soon start circulating. The city’s leaders are mulling over the possibility…Read More

No Tax Dollars for Carl Icahn to Raze Trump Plaza, NJ Senate’s Stephen Sweeney Wants Billionaire to Fund Demo

Carl Icahn Trump Plaza demolition

The now-shuttered Trump Plaza resort, the last Atlantic City property still bearing President Donald Trump’s surname, will soon be razed by billionaire owner Carl Icahn, but the business mogul wants local tax money to help him pay for the demolition. New Jersey Senate President Stephen Sweeney (D) says no way will that happen. Last week,…Read More

Fourth Aussie Whistleblower Alleges Crown Casino Slot Machine Tampering in Melbourne

James Packer Crown Resorts slots tampering scandal

Another former Crown Casino employee and whistleblower has joined three others in accusing the gaming operator in Melbourne, Australia of deliberately manipulating and tampering slot machines. According to the Australian Broadcasting Corporation (ABC), the latest accuser is a former employee of the casino who worked there for several years, and who wishes to remain anonymous….Read More

Macau Regulators Playing Cards for Casino License Renewal Close to Vest

Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac

While casino operators in Macau will need to start reapplying for their gaming licenses in the next few years, they shouldn’t expect any early indications of what the conditions for those renewals will be. That’s the word from Macau Secretary for Economy and Finance Lionel Leong Vai Tac, who says that the competitive nature of…Read More

Bill Introduced to Turn PAGCOR into Philippine Amusements and Gaming Authority

PAGCOR Rodrigo Duterte

PAGCOR, the Philippine Amusement and Gaming Corporation, is undergoing a massive restructuring that will see the gaming agency sell off its physical casino assets and transform into a regulator-only capacity. House Speaker Pantaleon Alvarez initiated the reshuffling this week by introducing a bill to the House of Representatives. The chamber’s Games and Amusement Committee began…Read More