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Downtown Las Vegas Casino Owner Derek Stevens Scores on March Madness Bets

Downtown Las Vegas Derek Stevens

Downtown Las Vegas casino owner Derek Stevens bet $11,000 on each of the 32 First Round games of NCAA March Madness. And when the buzzers concluded, the D Casino boss found himself $16,000 richer. In what’s become an annual tradition, Stevens bet $11,000 on all 32 games. But this month, his team accidentally bet one…Read More

Galaxy to Move Ahead with Casino on Philippine Resort Island Despite Duterte Shut-Down

Boracay Casino to continue despite Duterte closure

Macau’s Galaxy Entertainment is pressing ahead with the construction of a $500 million integrated casino resort on Boracay Island in the Philippines, despite the country’s president Rodrigo Duterte recently describing the island “a cesspool” and ordering it to be closed. On March 15, army general turned environmental secretary Roy Cimatu seconded his boss’ appraisal. “For…Read More

Melco Resorts Billionaire Lawrence Ho Says Six Macau Casino Licenses Plenty

Melco Resorts Lawrence Ho

Melco Resorts CEO Lawrence Ho feels six licensed casino operators in Macau is an ideal number unless the enclave wishes to drastically increase gambling revenue. The half-dozen presently authorized gaming operators will see their licenses begin to expire in 2020. SJM Holdings and MGM Resorts will be first to terminate, with Las Vegas Sands, Wynn…Read More

Pamunkey Tribe’s Plan for Virginia’s First Casino Will Spark War With MGM

Pamunkey casino

The Pamunkey of Virginia – the tribe of Pocahontas, no less – believe a $700 million casino resort could be just around the riverbend. It would be the first in the state. But MGM Resorts International, which has a history of using its political influence to oppose new regional threats, is less than thrilled by…Read More

Connecticut Commercial Casino Bill Advances, But East Windsor Tribal Facility Protected

casino bill Connecticut MGM

A Connecticut casino bill that would allow commercial gambling operators to submit proposals to build in the state has advanced out of committee and is now headed to the House floor. On Friday, the General Assembly’s Public Safety and Security Committee passed House Bill 5305 by a vote of 18-7. The legislation now goes to…Read More

Waterfront Manila Pavilion Casino Fire Kills Five, Hundreds Evacuated

Waterfront Manila Pavilion Casino Fire

Five employees of the Waterfront Manila Pavilion Hotel and Casino have been killed in a fire that engulfed the building on Sunday morning and raged for 25 hours before firefighters were able to get it under control on Monday. More than 300 hotel guests, including foreign tourists and employees, were evacuated from the casino. The…Read More

Security Expert Critical of Police Response to Mass Shooting Says Las Vegas Must Stay on High Alert

Las Vegas Metro Police shooting

One of the world’s leading crisis management experts says Las Vegas was shockingly unprepared to more appropriately respond to last fall’s mass shooting that left 58 people dead and hundreds of others severely injured. Larry Barton, a former FBI Academy and US Marshals Service instructor, said this week at the World Game Protection Conference (WGPC)…Read More

Japanese Casino Bill Delayed, Could Miss Boat for 2018

Japanese casino bill jeopardised

The introduction of Japan’s long-awaited IR bill, which will establish a framework of regulation for the country’s future casino industry, is likely to be delayed until at least April. The task force charged with drafting the new rules has failed to reach consensus, prompting concerns that the legislation will arrive too late to stand a…Read More

March Madness Opening Rounds Slam Dunk for Las Vegas Sportsbooks

March Madness odds Las Vegas sportsbook

March Madness made plenty of sports bettors go crazy during the opening rounds of the NCAA tournament. Numerous highly wagered upsets went in favor of the house, as the 68-team bracket was dwindled down to 16. The biggest upset was #16 UMBC defeating #1 Virginia, the top overall seed in the entire competition. Before Friday’s game,…Read More

South Korean President Sacks 226 Employees at Kangwon Land Casino

South Korean President Moon Jae-in fires Kangwon Land Casino employees

South Korean President Moon Jae-in has ordered the firing of 226 employees of the country’s biggest casino, Kangwon Land. The employees were allegedly hired nepotistically between July 2011 and February 2014, either because of their political connections to members of the previous government administration, or for their personal ties to former CEO Choi Heung-jip. During that…Read More

Floyd Mayweather Confirms MMA Training, Potential $1 Billion UFC Deal Lurks

Floyd Mayweather UFC odds

Floyd Mayweather says he’s finished with boxing after capping off a perfect 50-0 career with a victory over UFC star Conor McGregor last year, but he remains committed to trying his hand (and feet) at mixed martial arts (MMA). Rumors have been circulating that “Money” has been considering a foray into MMA, and this week…Read More

Tiger Woods Says ‘Gamble-oholics’ Make Him Las Vegas Masters Favorite

Tiger Woods Masters odds golf

Tiger Woods now has the shortest line of any golfer to win the 2018 Masters. The Westgate SuperBook has the 14-time major winner at 8/1 to don his fifth green jacket early next month in Augusta, Georgia. The game’s #1 and #2 ranked golfers, Dustin Johnson and Justin Thomas, trail closely at 9/1. Johnson and…Read More

MGM Springfield: More Table Games, Fewer Slot Machines Add Up to Millennial Marketing Push

MGM Springfield casino table games slots

The new MGM Springfield in Massachusetts hopes to attract millennials to its $960 million integrated casino resort by offering innovative table games for the ever-elusive 20 and 30-something demographic. Appearing before the Massachusetts Gaming Commission (MGC) in Boston to provide a construction progress update, MGM Resorts officials explained they’re reworking the casino floor arrangement to…Read More

BC Casinos Would Lose $88 Million Per Year from High Stakes Transaction Ban

British Columbia AG Davis Eby

A proposal to restrict table game “buy-ins” at British Columbia casinos to no more than CA$10,000 ($7,650) would cost the sector up to CA$88 million ($67 million) per year, according to a confidential BC Lottery Corp report, made public on Thursday by Canadian media network Postmedia. The provincial government is seeking measures to combat money…Read More

Stratosphere Undergoing $140 Million Renovation, Analysts Bullish on Golden Entertainment

Stratosphere renovation Golden Entertainment

Renovations at the Stratosphere will soon commence, as new owner Golden Entertainment announced this week during an earnings call that it’s going to spend $140 million over three years to refresh the Las Vegas hotel and casino. Golden Entertainment completed its acquisition of the Stratosphere in October from American Casino & Entertainment. The $850 million…Read More

Penn National Pinnacle Entertainment Buyout Sparks Second Federal Trade Commission Review, Monopoly Concerns at Stake

Penn National Pinnacle Entertainment

Penn National Gaming’s $2.8 billion acquisition of Pinnacle Entertainment is still scheduled to be completed in the latter half of 2018, but a second request for “additional information and documentary materials” by the US Federal Trade Commission (FTC) threatens to delay the takeover process. In filings this week with the Securities and Exchange Commission (SEC),…Read More

Delaware Governor Gives Assurance on Tax Relief as Casino Bill Put on Ice

Governor John Carney open to Delaware casino tax relief

Delaware’s proposal to slash tax rates for its three struggling casinos has been put on hold, following assurances from Governor John Carney that his administration is open to changing the tax structure to preserve casino jobs. Carney says he wants to know the exact cost to the state’s coffers before he gets behind the proposal….Read More

Connecticut Commercial Casino Projects Won’t Jeopardize Tribal Compacts, Says State AG

Connecticut casino gambling East Windsor

The Connecticut commercial casino market can get a new jolt, attested the state’s Attorney General George Jepsen earlier this week. He told legislators that operators who want to open up shop in the state can explore that possibility without it jeopardizing two existing tribal gaming compacts. In written testimony, the attorney general told the Public…Read More

Saipan Casino Imperial Palace Reportedly Raided by US Agents

Saipan casino Imperial Pacific

Saipan casino Imperial Palace has been making headlines for the all the wrong reasons, and that continued this week after news broke that US federal agents recently raided offices of the resort’s parent company. Bloomberg reporter Matthew Campbell has been at the forefront of the Saipan casino scandal. In a new article, he says local…Read More

Atlantic City Casino Revenue Ice Cold in February, Win Drops 6.5 Percent

Atlantic City casino revenue

Atlantic City casinos aren’t weathering the cold winter months, as February marked the town’s third consecutive gross gaming revenue (GGR) decline. The seven casinos collectively generated total gaming win of $192 million. That’s a 6.5 percent loss, or more than $13.3 million, compared to the same month in 2017. Online gambling continues to grow, as…Read More

Las Vegas Sands Founder Sheldon Adelson Wants to Build More in Macau

Las Vegas Sands Macau Sheldon Adelson

Sheldon Adelson’s Las Vegas Sands already controls about 35 percent of Macau’s available four and five-star hotel rooms, but the billionaire still isn’t content and is reportedly looking to expand his company’s presence. Chatting last week in Las Vegas at the 2018 JP Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum, Sands Senior Vice…Read More

Cambodia Hopes Reforms Will Fuel Billions More Foreign Investment in Casino Industry

Cambodia casino

Cambodia plans to pass gambling reforms to attract more foreign investment into its thriving casino industry as it seeks to promote itself as a major gambling hub in East Asia. The reform package is expected to pass after forthcoming general elections, in which the main opposition party is, incidentally, prohibited from standing. It would create…Read More

Plans for $100M LINQ ‘Kind Heaven’ Project Mushroom in Las Vegas, Strange Bedfellows Join Forces in Caesars Entertainment, Lollapalooza Creator

Perry Farrell LINQ Promenade Kind Heaven

Partnering up to create a new Las Vegas LINQ Promenade “immersive entertainment” vehicle, former Jane’s Addiction frontman and Lollopalooza music festival creator Perry Farrell and Caesars Entertainment announced Tuesday that they are creating a “groundbreaking new destination” that will combine “leading-edge technology and Hollywood-style storytelling.” The $100 million,100,000-square-foot Southeast Asian-themed venue will have the somewhat unlikely name…Read More

Tiger Woods Favored in PGA Tour Event for First Time Since 2014

Tiger Woods Masters odds Las Vegas

Tiger Woods is the odds-on favorite to win this week’s Arnold Palmer Invitational at Bay Hill. It’s the first time since 2014 that the golfing great has been the betting frontrunner in a PGA Tour event. The Westgate SuperBook in Las Vegas has Tiger at just 6/1 to win in Florida. Those odds mean sportsbooks…Read More

South Korean Police Raid Government Ministry in Kangwon Land Casino Corruption Probe

Kangown Land, South Korea, admits corruption

South Korean police launched a dramatic raid on the offices of the country’s Ministry of Culture, Sports and Tourism (MCST) over the weekend as part of a renewed investigation into widespread nepotism at the state-owned Kangwon Land Casino. The MSCT is the government body charged with regulating the casino. Police also raided the casino’s administrative…Read More