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Indiana Joins Growing List of States with Bills to Legalize Sports Betting if SCOTUS Kills PASPA

Indiana legislator Jon Ford

The list of states that are considering the possibility of regulating sports betting in the near future continues to grow. Indiana became the latest to introduce legislation that would take effect if the Supreme Court overturns a federal ban on sports betting ban known as PASPA. State Sen. Jon Ford (R-Terre Haute) introduced SB 405…Read More

Atlantic City Revel Casino Sold for $200 Million, Summer Opening Planned

Revel Casino becomes Ocean Resort

It’s yet another take for the once-beleaguered Revel Casino in Atlantic City. Colorado developer Bruce Deifik announced Monday that his company paid $200 million for the shuttered property. He’s convinced he can make it a winner, despite heavy competition from other resorts and a less-than-amazing past for the venue. The CEO and president of Integrated…Read More

PASPA Sports Betting Ban May See SCOTUS Overturn, But with Caveats, Opines AGA CEO Geoff Freeman

Supreme Court sports betting PASPA

The US Supreme Court is expected to issue its verdict in New Jersey’s federal PASPA sports betting ban appeal sometime before this June. When that ruling comes down, American Gaming Association (AGA) President Geoff Freeman expects the high court to concur on the petitioner’s side. Speaking over the weekend at the winter meeting of the…Read More

Oprah Winfrey 2020 Presidential Odds Shorten, Following Golden Globes Speech

Oprah Winfrey 2020 odds

Could presidential candidate Oprah Winfrey be a thing in 2020? Before President Donald Trump disrupted all conventional political thinking while paving his own path to the White House, the notion of a former high-profile television personality and billionaire businessperson holding the most powerful office in the world might have seemed a bit of a stretch….Read More

Arkansas Casino Measure Proposed to Authorize Three Commercial Gambling Venues

Arkansas casinos Asa Hutchinson

Three Arkansas casinos could be cleared for construction as early as November should a proposal being pushed by a citizens’ group find favor with state Attorney General Leslie Rutledge and be subsequently approved by voters next fall. “Driving Arkansas Forward” submitted a constitutional amendment to Rutledge’s office last week that seeks to allow three casinos…Read More

Opening of Jeju Shinhwa World Casino Delayed Yet Again

Jeju casino delay

The casino at the Jeju Shinhwa World resort on South Korea’s Jeju Island has pushed back its opening date yet again, with officials this time citing a delay in the transfer of a casino license from another gaming facility. The casino, which was to be operated by Hong Kong’s Landing International Development, was originally announced…Read More

South Point Casino Owner Michael Gaughan Doubles Worker Bonuses, Credits Trump Tax Reform

South Point casino Michael Gaughan

Workers at the South Point Hotel Casino in Las Vegas are among the first employees in the gambling industry to learn that their annual bonuses are increasing, thanks to the recent tax reform bill passed by Congress and signed into law by President Donald Trump at the end of 2017. This week, South Point owner…Read More

Israeli Government Reaches $6.7 Million Settlement with GBI Racing

GBI Racing Israel settlement

The Israeli government has agreed to pay a settlement of 23 million shekels ($6.7 million) to GBI Racing following the implementation of a ban on betting on horse racing that came into effect last week. The settlement provides GBI with compensation for the remainder of their contract, which was initially set to expire this coming…Read More

Schenectady Casino Revenue Coming Up Short of Expectations

Rivers Casino revenues

The city of Schenectady is likely to face a budget deficit once the 2017 fiscal year comes to a close, due in large part to the significant shortfall in the revenue received from the casino that opened there early last year. According to Mayor Gary McCarthy, the city had projected that they would receive approximately…Read More

Chances for Legalized Gambling in Georgia Slim, But Casinos Still Eyeing Atlanta

Atlanta casino Georgia gambling

The odds of finally legalizing gambling in Georgia in 2018 seem to be a longshot at best, but that’s not stopping hospitality and gaming interests from maintaining a presence in the Peach State. Speaking this week with The Atlanta Journal-Constitution, MGM Resorts Executive VP Alan Feldman said casino developers have Atlanta on their radar. And regardless…Read More

Russia Eases Tax Filing Requirements for Casinos in Effort to Attract New Investment

Russia casino tax Valdimir Putin

Russia no longer requires casinos to withhold taxes from gamblers who win at least R15,000 ($237). The modification is presumably an effort by the federal government to spur new gaming investment, as Russia’s recently liberated commercial market remains stagnant. President Vladimir Putin signed the casino tax law amendment just before the end of 2017. The…Read More

SportPesa Drops Team Sponsorships in Response to Kenya’s Gambling Tax Increase

SportPesa CEO Ronald Karauri

Kenya’s leading betting site pulled sponsorship from the country’s sports teams after the government in Nairobi hiked gambling tax rates from 7.5 to 35 percent. SportsPesa, which has operations in Kenya and the UK, had spent $5.8 million to sponsor soccer and rugby teams as well as pro boxing. The company had vigorously fought the…Read More

Miami Ready to Transfer Bay Site to Genting for Marina Development

resorts world miami

Genting may have hit nothing but stumbling blocks in its efforts to build a casino in the city of Miami, but the company may finally be in position to begin developing their property, even if gambling won’t be a part of the equation just yet. Miami’s city commission unanimously approved a transfer of submerged land…Read More

South Korea Casino Kangwon Land Ordered to Reduce Operating Hours, Mass Gaming Tables

South Korea casino Kangwon Land

Kangwon Land, the only South Korea casino where citizens are allowed to gamble, has been ordered by the country’s Ministry of Culture, Sports and Tourism (MCST) to cut its hours and number of mass tables. In a filing with the Korea Stock Exchange, Kangwon Land says the federal agency has directed the resort to reduce…Read More

Paddy Power Sets 500-1 Line on World Ending in 2018, as Donald Trump and Kim Jong-Un Lock Horns

Paddy Power nuclear button odds Trump

Irish bookmaker Paddy Power wants to know what the end of the world is worth to bettors. To that end, the operator has set odds for the planet ceasing to exist before break of day on January 1, 2019. President Donald Trump and North Korean leader Kim Jong Un escalated their mutual nuclear threats this week,…Read More