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Las Vegas’ Lucky Dragon Casino Low on Luck, as Asian-Themed Resort Reportedly Struggling

Lucky Dragon Las Vegas casino

The Lucky Dragon on West Sahara Avenue, located just steps from Las Vegas Boulevard, opened with much fanfare a year ago this month. But by all apparent signs, the Strip’s first newly constructed casino to debut in some six years has failed to live up to expectations. The 203-room boutique hotel and 27,500-square-foot casino floor…Read More

Cowboys Owner Jerry Jones Says Sports Betting Doesn’t Jeopardize NFL Integrity

Jerry Jones Roger Goodell sports betting

Dallas Cowboys owner Jerry Jones says NFL Commissioner Roger Goodell’s concerns that legalized sports betting jeopardizes the integrity of professional football are misguided. Jones took shots at the league’s most powerful executive last Friday during his ESPN radio show. Goodell, who remains adamantly opposed to allowing casinos outside Nevada to take wagers on the outcomes…Read More

Is the Stratosphere on the Las Vegas Strip? Owner, County Disagree

Stratosphere Las Vegas Strip

Take a walk up the Las Vegas Strip, and you’ll pass by thousands of tourists and gamblers visiting dozens of casinos and resorts on both sides of Las Vegas Boulevard. Get all the way to the north end of this line of luxurious venues, and you’ll see the towering Stratosphere rising above the road. But…Read More

Penn National Acquires Regional Casino Rival Pinnacle Entertainment for $2.8 Billion

Penn National Gaming Pinnacle Entertainment

Penn National Gaming has completed its speculated acquisition of regional casino operator and rival Pinnacle Entertainment. The Pennsylvania-based corporation announced today the purchase price is $2.8 billion, and when completed, will expand Penn National’s portfolio to 41 properties in 20 jurisdictions. Reports surfaced in early October that Penn National was looking to acquire Pinnacle. It’s…Read More

Melco Resorts Billionaire Lawrence Ho Divesting Shares in Russia Casino Tigre de Cristal

Lawrence Ho Russia Tigre de Cristal

Hong Kong billionaire Lawrence Ho is selling his interest in the Tigre de Cristal casino resort in Russia’s Far East. In an announcement filed with the Hong Kong Stock Exchange, Summit Ascent, the corporate entity that owns the Vladivostok property, said Ho, its largest shareholder, was unloading his stake. Through Ho’s individual Summit shares and…Read More

Las Vegas Hosts Counterterrorism Debate as City Confronts Security Challenges

counterterrorism Las Vegas shooting

Las Vegas is no stranger to security issues, and the city is certainly on heightened alert following the October 1 mass shooting that left 58 people dead and over 500 others injured. Those concerns were again on display Monday, when the University of Nevada, Las Vegas (UNLV) hosted a debate on the changing role of…Read More

North Jersey Casino Would Bankrupt Upstate New York Resorts, Analyst Opines

North Jersey casino Phil Murphy

The North Jersey casino ballot referendum to end Atlantic City’s gambling monopoly in the state was strongly defeated by voters during the November 2016 election. That was great news for commercial casinos then under construction in Upstate New York, but next fall the question can be represented to Garden State voters. Though outgoing New Jersey…Read More

Pennsylvania Satellite Casino Auction Schedule Released, Bidding Begins Next Month

Pennsylvania satellite casino gambling

Ten satellite casinos are up for grabs in Pennsylvania, and the bidding war, at least that’s what state lawmakers are hoping for, is slated to begin next month. The Pennsylvania Gaming Control Board (PGCB) announced yesterday that the first round of auctions for the Category 4 casino licenses will take place January 10 at the…Read More

Crown Resorts Unloads Assets to Pay Down Debt, James Packer Snags Sydney Penthouse for $60 Million

Crown Resorts James Packer

Australian casino operator Crown Resorts is divesting various assets in order to raise $700 million in capital and pay down company debt. Crown confirmed yesterday that Wynn Resorts is purchasing its 34.6 acres located along the Las Vegas Strip for $300 million. Crown had planned to build Alon, a multibillion-dollar casino resort there, but shelved…Read More

Fontainebleau Becomes Project Blue with Hope for Revitalized North Las Vegas Strip

Fontainebleau

The new owners of the Fontainebleau have renamed it Project Blue and are hoping to get the abandoned resort project in the black. New York developer Steve Witkoff and Miami investment firm New Valley are resuming construction and there may be hope that the long-vacated tower on the north end of the Las Vegas Strip might be…Read More

Philadelphia City Council Votes 17-0 Against Satellite Casino

Philadelphia Pennsylvania satellite casino

The Philadelphia City Council unanimously voted 17-0 against allowing a Category 4 gambling venue, the so-called “mini-casinos,” from being placed within its downtown area. Local officials also voted against allowing qualified diesel truck stops from housing video gaming terminals (VGTs). Council members were quick to explain that they were sending “a strong message” to legislators…Read More

PAGCOR Warns Casinos: Permit Minors Entry, Lose Your Gaming License

PAGCOR Rodrigo Duterte casino gambling

PAGCOR, the Philippine Amusement and Gaming Corporation, is in a transition period that will see the gaming authority and operator divest its land-based casinos and shift to a regulator-only capacity. And one area the agency is focused on in its new role, is reducing instances of minors accessing gaming floors. In a newly issued memorandum…Read More

Wynn Resorts Buying New Frontier Site From Crown Resorts for $336 Million

Wynn Resorts Crown Alon purchase

Wynn Resorts has reached a deal to acquire 38 acres of vacant land across Las Vegas Boulevard from its two Strip casino resorts, but the company isn’t showing its cards as to what it plans to do with the property. The seller is Crown Resorts, which had planned to build Alon Las Vegas, a multibillion-dollar…Read More

Ontario Launches Money Laundering Probe into Great Canadian’s Toronto Ops  

Ontario Investigates Greater Canadian over River Rock Casino

Ontario’s Alcohol and Gaming Commission (AGCO) has launched a regulatory review of Great Canadian Gaming Corp, following investigations of alleged money laundering at its flagship River Rock property in Richmond, British Columbia. Ontario is in the process of expanding and privatizing its casino operations, and Great Canadian, which already operates five casinos in the province,…Read More

Mohegan Sun Pocono Dealt Record Fine Over Casino Slots Fraud Debacle

Mohegan Sun Pocono receives record fine in Pennsylvania

The Mohegan Sun Pocono was slapped with a $1 million fine this week, the largest penalty ever doled out by the Pennsylvania Gaming Control Board (PGCB) since the regulator’s 2004 inception. A $550,000 penalty was imposed for the casino’s “failure to follow internal controls,” which PGCB maintained facilitated the orchestration of a $420,000 scam, masterminded…Read More