The $165 million Lucky Dragon in Las Vegas, the casino resort that opened in November 2016 only to close less than two years later in in October 2018, reportedly has several interested buyers. CDC Gaming Reports caught up with CBRE executive Michael Parks this week. He’s helping Snow Covered Capital, the investment firm that currently…Read More
Carl Icahn, the billionaire activist investor who sold Tropicana Entertainment last year and retains ownership of Trump Entertainment Resorts, is said to be building a substantial stake in Caesars Entertainment. CNBC said last week that while the size of Icahn’s Caesars investment wasn’t immediately known, “sources familiar with the situation” told the business media outlet…Read More
UPDATE: Ocean Resort Casino owner Bruce Deifik confirmed Thursday afternoon that the property has indeed been sold. He didn’t name the buyer. The sale is dependent on approval from state regulators, and the new owner will need to become licensed. Ocean Resort Casino in Atlantic City is rumored to be up for sale by owner…Read More
In 2018, the gaming and casino industry — both legal and illicit — saw its share of murders and unexplained deaths. It turns out the movies really aren’t that far off when it comes to portraying the possible ways to die if you tangle with the wrong people. Dead Man’s Hand Mohegan Sun Pocono dealer…Read More
Asia and the gaming industry go together like soba noodles and soy sauce. So too, apparently, do Asian casino operators and scandal: there was plenty to go around in 2018. Galaxy’s Quest The Philippines’ strongarm president Rodrigo Duterte was flexing his muscles over two proposed casino projects this year. Duterte has professed to “hate” casinos….Read More
It’s like 2011 deja vu, but in reverse: the Wire Act is once more under threat of reinterpretation, an action that could put legal US online gaming in jeopardy. According to industry ear-to-the-ground source Online Poker Report (OPR) — which was vague about where the rumors have emerged from — the reversal opinion could be handed down…Read More
Caesars Entertainment CEO Mark Frissora plans to resign from the chief executive capacity in February, and one gaming industry analyst believes it could take several months for the casino company to name his successor. Deutsche Bank gaming analyst Carlo Santarelli says in a recent note that Caesars is unlikely to name an interim CEO, and…Read More
An Ohio Sheriff who handled the investigation into the brutal murders of eight members of one family in the southeast of the state — a case that garnered national attention in 2016 — has been accused of using confiscated drug money to fund an alleged gambling habit. Six members of another local family, the Wagners,…Read More
The Raiders are being sued by Oakland for their planned 2020 relocation to Las Vegas, but the NFL franchise might still play in the Bay Area California town next year. Online sportsbook MyBookie is offering odds on where the Raiders will play next year following Oakland’s lawsuit against the team and the NFL on grounds…Read More
The backlash against Las Vegas Strip casinos for sneaky charges written in fine print has reached a breaking point, at least for one resort. Effective January 1, The Cosmopolitan will include parking among the services covered under its resort fee — a move that will increase the property’s resort fee from $35 to $39. Guests…Read More
Phoenix Suns owner Robert Sarver is reportedly considering relocating his NBA franchise to Las Vegas or Seattle unless his current city agrees to cover $150 million of a $230 million renovation at the team’s current arena. The Phoenix City Council postponed a vote this week to determine whether to fund 65 percent of the Talking…Read More
The National Football League (NFL) was never going to pioneer the bond between gaming entities and professional sports leagues, but the realization from the league and its owners that they could no longer ignore the financial benefits of legalized sports betting was always inevitable. That sentiment has apparently set in. The league will begin the…Read More
The American Gaming Association (AGA) has been without a chief executive since August 1, but the lobbying organization that represents casino interests in DC and throughout the country has reportedly found its next leader. CDC Gaming Reports’ Howard Stutz has learned that longtime DC lobbyist Bill Miller has been tapped for the job. Miller currently…Read More
Embattled Atlantic City Mayor Frank Gilliam Jr. and councilman Jeffree Fauntleroy II have pleaded not guilty to charges of harassment and simple assault emanating from a fight last month in the parking lot of the Golden Nugget Casino. The altercation, which occurred in the early morning hours of November 11 after the pair left the…Read More
An alleged heir to Howard Hughes is dead at the age of 74. Melvin Dummar, who claims to have saved the billionaire’s life in 1967 and was the beneficiary of a handwritten will that left him $156 million, died at his home in Pahrump, Nevada. On a cold and chilly night, Dummar claims to have…Read More
Revised Wire Act DOJ Opinion Raises More Questions Than Answers for Online Gambling, Interstate Lotteries 
Tribe Buying Sands Bethlehem in Pennsylvania Planning $190M Expansion 
Cathy Judd-Stein to Oversee Massachusetts Gaming Commission, Lead Encore Boston Harbor Determination 
Black Market Betting Bad for Your Health, Report Warns 
Bangladesh Bank Heist Case Still Wide Open, Says Philippine DOJ 
MGM Resorts to Lay Off Three Percent of Workforce to Reduce Costs, Increase Earnings 
Empire City Casino Sale to MGM Resorts Postponed by New York Gaming Commission 
Scandal Breaks Over YouTube Stars Promoting Scam Gambling Site 
Las Vegas Strip Killer Ammar Harris Death Penalty Upheld by Nevada Court, But State Still Wrestles with Lethal Injection 
Supreme Court Justice Ruth Bader Ginsburg Resignation Odds Shorten, as 85-Year-Old Misses Third Consecutive Day 
