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Atlantic City PILOT Program Flying to Court After Advocacy Group Sues State

Atlantic City PILOT program Seth Grossman

The Atlantic City PILOT (Payment in Lieu of Taxes) program allows the city’s seven remaining casinos to collectively deliver $120 million annually to the local government instead of paying fluctuating property taxes on their resorts. However, the legal basis of the structure will be challenged in Atlantic County Superior Court this summer. Liberty and Prosperity, an advocacy group…Read More

ESports Betting Now Fully Recognized Under Nevada Law, Gov. Sandoval Signs Parimutuel Bill

eSports betting parimutuel Brian Sandoval

ESports betting is finally getting the type of recognition the rapidly emerging space perhaps deserves. Over the weekend, Nevada Governor Brian Sandoval (R) made wagering on competitive video gaming fully legal. By signing a bill that adds the tournaments to the state’s parimutuel code, Governor Sandoval solidified the legality of eSports betting in the state…Read More

British Gamblers Keep on Betting, as Casinos and Bookmakers Reap Profits

British Gambling Data

British gamblers are betting more than ever. That’s good news for the casino industry, but maybe not so good for British real-money players, who lost a record £13.8 billion ($17.7 billion) for October 2015 through September 2016. These numbers come from a report by the UK Gambling Commission, who released last week the latest “Industry…Read More

New York State Counties to Pay Price for Seneca Nation Gaming Compact Stalemate

New York counties Seneca Nation Todd Gates

New York counties are justly worried about casino revenue sharing payments from the Seneca Nation of Indians that will disappear unless the state acts quickly to reach a new gaming compact. In March, the tribal group shocked Albany when it revealed it was stopping payments to the state after 14 years of regular disbursements. Seneca…Read More

Illinois Gambling Expansion Bill Moves Forward, but Without a Casino in Springfield

Springfield Illinois casino Abraham Lincoln

It’s looking more and more likely that the state of Illinois will approve a measure to allow non-riverboat casinos in the Land of Lincoln. But it also looks like they will do so without Springfield, the state capital, included among the list of future gambling destinations. Senate Bill 7 passed the Illinois Senate 33-24 last week….Read More

Stanley Cup Finals Odds Favor Penguins Over Predators

Stanley Cup Finals odds Sidney Crosby

The Stanley Cup Finals between the Pittsburgh Penguins and Nashville Predators begin their best-of-seven faceoff tonight in Pennsylvania, and bettors are taking the defending champs to emerge victorious and hoist the famed metal trophy for a second straight year. Following an epic, double-overtime thriller in game seven of the Eastern Conference Finals last week to…Read More

Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination

Lawrence Ho Japan casino gambling

Melco Resorts owner Lawrence Ho doesn’t feel that Tokyo should be the recipient of one of the two casino licenses expected to be issued by the National Diet later this year. Talking with Bloomberg this week, Ho opined that the world’s most populated metropolis doesn’t need a casino to attract people. Instead, the 40-year-old, worth an…Read More

Ohio Casino Employees Will Soon Be Able to Gamble In-State

Ohio casinos are about to gain thousands of new prospective players, thanks to the people who work for them. The Ohio Senate voted on Wednesday 32-0 to remove a prohibition on casino employees gambling in any of the state’s four casino gaming resorts. The current law, which went into effect shortly after Ohio voted to…Read More

NBA Finals Odds Favor Golden State Over Cleveland in Rubber Match Series

NBA Finals odds Cavaliers Warriors

For the third straight year, the NBA Finals odds in Las Vegas favor the Golden State Warriors to win the Larry O’Brien Trophy over the Cleveland Cavaliers. But if history tells us anything, it’s that the rubber match series is anything but a foregone conclusion. On Thursday night, the Cavs took care of business by…Read More

Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Hard Rock Jim Allen Trump Taj Mahal

Hard Rock International doesn’t like what it sees inside the former Trump Taj Mahal in Atlantic City, which the company purchased in March for $50 million. Billionaire Carl Icahn’s bargain price selloff meant the Hard Rock was acquiring a Boardwalk property for pennies on the dollar, as former casino developer turned US President Donald Trump…Read More

Philippine Casinos Will Soon Be Forced to Abide by Anti-Money Laundering Laws

Philippine casino anti-money laundering

Philippine casinos currently operate without much financial oversight from the federal government, but the odds of that changing in the not too distant future seem strong. The Philippine Senate is expected to soon pass a measure that designates gambling venues as institutions covered by the country’s Anti-Money Laundering Act of 2001. Should the legislation pass…Read More

Meadowlands Racetrack Owner Jeff Gural Patient Over North Jersey Casinos

Meadowlands Racetrack Jeff Gural casino

The Meadowlands Racetrack owner who campaigned to end Atlantic City’s monopoly on casinos in New Jersey last year says he’s now willing to take a wait and see approach before resuming his efforts. Talking at the East Coast Gaming Congress in Atlantic City this week, real estate developer Jeff Gural explained his belief that Garden…Read More

Aristocrat Leisure Hits Jackpot, Gaming and Slot Manufacturer Earnings Soar 53 Percent

Aristocrat Leisure earnings revenue Trevor Croker

Earnings for Aristocrat Leisure aren’t taking a leisurely stroll on the Australian Securities Exchange, but instead racing towards record profits for the Sydney-based gambling machine manufacturer. Aristocrat revealed this week through its half-year fiscal financial report that its net profits for the six months ending March 31 totaled AUD$249.6 million ($187.4 million). That calculates to a…Read More

Appeals Court Halts Tribal Bingo and Slots on Martha’s Vineyard

Ron Rappaport, town counsel of Aquinnah on Martha's Vineyard

A federal court in Massachusetts this week ordered the Wampanoag Tribe of Gay Head to halt its plans for opening a small casino on Martha’s Vineyard. The ruling comes just more than a month after the same court gave the tribe the go-ahead. A six-judge panel from the First Circuit Court of Appeals in Boston…Read More

Rumors Suggest Iconic Bellagio Fountains Could Close

Bellagio Fountains to close rumor.

Rumors suggest the famous Bellagio Fountains may be set to make way for something new, but MGM Resorts has denied the iconic water feature will close. On May 22, the Las Vegas Review-Journal cited a “source” that suggested the future of the famous fountains has been discussed by executives at MGM Resorts. Built by Steve…Read More