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Genting Deliberating Recovery of $400 Million Investment in Massachusetts Casino After DOI Leaves Tribe High and Dry

Mashpee Wampanoag

Malaysian casino giant Genting says it is “deliberating the appropriate course of action” in relation to $400 million loaned to the Mashpee Wampanoag tribe to build a $1 billion casino in Taunton, Massachusetts — a project that suddenly faces huge hurdles. In a filing to Bursa Malaysia this week, the country’s stock exchange, Genting notified…Read More

Pennsylvania Township Officials Deny Bribery Allegations Relating to Penn National Satellite Casino

Pennsylvania casino York Galleria

Springettsbury Township supervisors in York County, Pennsylvania, are firing back at allegations made by a resident that they were bribed by Penn National Gaming to allow the gaming company to develop a casino inside a local mall. Penn National, a nationwide regional casino operator based in the Keystone State, filed formal plans last week with…Read More

Floyd Mayweather vs. Manny Pacquiao Eyeing December Fight, Odds Favor ‘Money’

Floyd Mayweather Manny Pacquiao boxing odds

Floyd Mayweather and Manny Pacquiao are finalizing a deal that would put the two boxers back in the same ring for a rematch of their 2015 fight spectacle.     On Saturday, the two superstars announced they would indeed square off for a second time. Pacquiao told reporters in his native Philippines that the fight…Read More

Nevada Judge Allows Steve Wynn Defamation Lawsuit Against Former Salon Director to Proceed

Steve Wynn lawsuit defamation Las Vegas

Steve Wynn is suing former Wynn Las Vegas salon director Jorgen Nielsen on grounds that he purposely made false statements to media outlets regarding the billionaire’s alleged sexual misconduct. Attorneys for Nielsen requested the court dismiss the defamation lawsuit by citing anti-SLAPP (Strategic lawsuit against public participation) regulations, which seek to protect individuals from intimidating lawsuits…Read More

Hurricane Florence Wreaks Havoc on Carolinas, But Harrah’s Cherokee Resorts, Casino Boats Spared

Hurricane Florence Carolina casinos

Hurricane Florence, now downgraded to a tropical depression, is responsible for the deaths of at least 18 people in the Carolinas. The deadly storm has finally moved north, as Carolinians begin the painful and costly recovery process. Along with the lives lost, some 575,000 homes remain without power. Rivers and lakes continue to flood, roads…Read More

Macau Gambling Industry Takes $185 Million Hit as Typhoon Mangkhut Closes Casinos, Spares Hub from Worst Devastation

Typhoon Mangkhut

Typhoon Mangkhut caused a 33-hour emergency shutdown of Macau’s casino industry over the weekend, the first forced cessation of gaming in the enclave’s history. Operations were suspended at all 42 casinos from 11pm on Saturday night, local time, on the order of Chief Executive Fernando Chui Sai, reopening again on 8am on Monday. Mangkhut made…Read More

Caesars Entertainment Files Flamingo, Cromwell Trademark Protections in Macau

Caesars Entertainment The Cromwell Flamingo

Caesars Entertainment is focused post-bankruptcy on expanding its portfolio internationally, and trademark protection filings made this week in Macau show the company remains interested in the world’s richest gambling hub. The Macau News Agency reports that subsidiaries of Caesars have filed to protect the Flamingo and The Cromwell brands in the Chinese enclave. The filings…Read More

NASCAR Believes Sports Betting Could Grow Interest in Auto Racing

NASCAR odds sports betting Las Vegas

The 2018 Monster Energy NASCAR Cup Series Playoffs begin this weekend with the South Point 400 at Las Vegas Motor Speedway. And with the Strip roughly 15 miles south, and sportsbooks littered throughout the area, the topic of sports betting as it relates to auto racing has become a talking point heading into the 10-race…Read More

Macau Casinos Won’t Be Hit by Trade War Retribution: Analyst

Trade war

CLSA analyst Jonathan Galligan does not believe Macau’s casino sector will be detrimentally affected by Washington’s escalating trade war with Beijing, CNBC reports. Speaking at the annual CLSA Investors’ Forum in Hong Kong on Wednesday, Galligan, the firm’s head of Asia gaming and conglomerates, said it is “highly unlikely” that China will seek to apply pressure on…Read More

Graton Rancheria Indians Not Liable for $43 Million in Dispute with Sonoma Developer

A four-year long legal dispute between the Federated Indians of Graton Rancheria and Kenwood Investments, a real estate and development company in Sonoma, California, has been settled in the tribe’s favor. An arbitration panel ruled in favor of the tribe, saying they don’t owe the company $43 million to Kenwood for services rendered between 2002…Read More

Eldorado Resorts Gets AC Tropicana as Part of Seven-Casino Operational Deal

Reno-based Eldorado will get the AC Trop as part of a deal to take control of seven casinos for $640 million. The New Jersey Casino Control Commission gave Eldorado Resorts interim authority to operate the Atlantic City casino during a Wednesday meeting. The commission has nine months to decide on whether it wants to grant…Read More

MGM Springfield Underage Gambling Problems Dampen Massachusetts Casino’s Initial High Turnout, COO Blames ‘Porous’ Design

MGM Springfield is surpassing early expectations in terms of the number of people visiting Massachusetts’ first casino resort. But MGM casino executives admit that they’ve had issues with minors finding their way onto the gaming floor, which is not exactly the most comforting news to area residents. MGM Springfield president and COO Michael Mathis told…Read More

Virginia Bristol Casino Developers Face Off With Community Over Fears About Hookers, Drugs, and Crime

bristol casino

The developers behind a $150 million proposed casino development in Bristol, Virginia are on the defensive, addressing community concerns about the potential for prostitution, drug use, and increased criminal activity in the area when — and if — their project becomes reality, now that local government has given the gaming venue the green light. Casino gaming…Read More

Caesars CEO Mark Frissora Says Parking Fees Have No Impact on Las Vegas Tourism

Caesars Entertainment Las Vegas parking fee

Caesars Entertainment CEO Mark Frissora said this week that Strip parking fees, which have generated a strong backlash from some analysts and visitors, have no discernible impact on Las Vegas tourism. Frissora was speaking in New York City at a Bank of America investor conference focused on the gaming and hospitality industries. The chief executive…Read More

Las Vegas Raiders Stadium Designed With Super Bowl in Mind, Officials Optimistic Venue Can Host Big Game

Las Vegas Raiders Super Bowl

The Las Vegas Raiders are scheduled to begin playing in Sin City at the start of the 2020 NFL season. Soon after they do, the odds are growing strong that the $1.8 billion stadium will be designated as a future home of the Super Bowl. The Southern Nevada Sporting Event Committee (SNSEC), which was formed…Read More

New Jersey Sportsbooks Handle More Than $95M in August, Boosting Casino Revenue

New Jersey sportsbooks revenue

New Jersey sportsbooks started to reap serious benefits for casinos and racetracks in August, as gamblers plunked down more than $95 million in sports bets during the month. While most of that money came via retail sales at brick-and-mortar locations, it was also the first month in which some online betting was available, and as…Read More

Macau Regulator Granted New Powers to Shut Down Casinos as Typhoon Mangkhut Looms on Horizon

Typhoon Mangkhut

Macau’s gaming regulator, the DICJ, has been granted new executive power to completely shut down casino operations in the gambling hub in “exceptional circumstances.” On Wednesday, the Macau government cited a “typhoon or adverse weather” as an example. The announcement is timely: Typhoon Mangkhut, designated a “super typhoon” by meteorologists, is winging its way towards…Read More

Caesars Entertainment CEO Mark Frissora’s Days Could Be Numbered, Hedge Fund Owners Unhappy with Revenue Drops

Caesars Entertainment shareholders have seen their valuations decline nearly 17 percent in 2018, and several activist hedge funds that control a substantial portion of the casino operator are becoming discontent with the company’s leadership, specifically CEO Mark Frissora. New York Post journalist Josh Kosman reports this week that HG Vora Capital — a New York…Read More

Drama at Encore: Ex-Bachelor Winner Amanda Stanton Gets Arrested for Domestic Battery in Las Vegas

Amanda Stanton mug shot Encore arrest

Former The Bachelor contestant Amanda Stanton was arrested at Encore in the early hours Monday morning and charged with domestic battery after a hotel room party got out of hand. The 5’ 3’’ mother of two allegedly assaulted her 6’ 6’’ partner, professional volleyball player Bobby Jacobs, in front of hotel security, who immediately called…Read More

Atlantic City’s Ocean Resort Casino Tells Hurricane Florence Evacuees They Can Stay for Free

Hurricane Florence Carolinas Ocean Resort free offer

Update: Ocean Resort tweeted Thursday afternoon that the hotel is sold out of complimentary rooms through Saturday. The casino says hurricane evacuees will be offered free accommodations Sunday through Thursday (9/16-9/20).  Ocean Resort Casino in Atlantic City is offering up what’s available of its 1,399 guestrooms free of charge to those displaced by Hurricane Florence, which…Read More

Tokyo Casino on the Horizon? City Prepares Impact Study

Japanese casino market to be worth $15 billion

Tokyo city officials are to commission an impact study into hosting an integrated resort, the first concrete interest the Japanese capital has shown in participating in the country’s impending casino market. With the Japanese public largely opposed to casinos, according to opinion polls, and Tokyo almost entirely focused on preparing for the Olympic Games in…Read More

Wynn Macau Says Spike in IP Theft by Rogue Gambling Sites is Damaging Business

Wynn Macau

Wynn Macau has warned of an increase in rogue online gambling and investment websites illegally appropriating the company’s branding and intellectual property in a bid to “deceive members of the public” to depart with their hard-earned cash. In its interim report published Monday, the operator emphasized that neither it nor its parent Wynn Resorts offer…Read More

Bryson DeChambeau FedEx Cup Favorite, But Top Five Control Own Destiny

Bryson DeChambeau FedEx Cup golf odds

If the Las Vegas odds come true on September 23, Bryson DeChambeau will be handed a check for $10 million. Heading into the Tour Championship at East Lake, the 24-year-old (who will turn 25 September 16) is positioned to receive a payday that would surpass his entire career earnings, which include three wins in 2018….Read More

Vegas Golden Knights Regular Season Prop Bets Unveiled at Westgate SuperBook

Golden Knights odds NHL betting

The Vegas Golden Knights get back on the ice early next month following their historic inaugural year, and Sin City casinos are once again offering up a smorgasbord of odds in order to collect the largest handle possible on the home team. The Westgate SuperBook has posted numerous regular season propositions on the franchise’s second…Read More

Audit Concludes New Jersey CRDA Hasn’t Used Casino Funds Effectively, Miss America Ratings Flop

CRDA audit casino Atlantic City

The New Jersey CRDA, or Casino Reinvestment Development Authority, hasn’t been utilizing its funds as effectively or efficiently as possible, a state audit finds. The New Jersey Office of the State Auditor published its review of CRDA’s financial management for January 1, 2014, through the end of last year and found that the agency’s income,…Read More