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Seminole Tribe appeals decision to block Florida sports betting
The Seminole Tribe of Florida has moved to appeal a federal judge’s decision to block its deal with the state, which would expand gambling and online sports betting throughout Florida. US District Court Judge Dabney Friedrich found that the agreement between the state and the tribe, which allowed...
Atlantic City casino revenue figures down but profits up in 1st quarter 2021
The Atlantic City casino industry’s net revenue figures were down in the first quarter of 2021 compared to the same period in 2020, according to financial results released Monday by the New Jersey Division of Gaming Enforcement. But gross operating profit increased 221.9% for the quarter to $95.5...
Resorts World Las Vegas ramp up could take two years
Genting Berhad’s Resorts World Las Vegas could offer long-term growth prospects for the company, but will incur losses in the first two years before turning a modest profit in its third year, according to analysts from UOB Kay Hian Research. “With the lingering uncertainties of the Covid-19...
Illegal slot machines disguised as payment terminals in Primorye
A local media organization carried out an investigation of illegal slot machines operating in Primorye, Russia, which are disguised as payment terminals. The report from RIA VladNews relates that there can be found inconspicuous yellow, orange, green machines that appear at first glance to be...
World Series of Poker to return to Las Vegas in late 2021
The World Series of Poker has announced plans for a full return of its annual live tournament series in 2021, with organizers revealing tentative dates over two months starting in late September. The return of the world’s largest and most prestigious poker tournament series comes after the event...
Crown likely to regain Sydney license this year: Regulator
New South Wales chief gaming regulator Philip Crawford said the reinstatement of Crown Resorts’ license in New South Wales is a “realistic prospect”, provided the company has its “structures in place.” Crown’s license was suspended in February following a damning report from Patricia...
Packer to follow Crown board on bid
Billionaire James Packer plans to abide by the decision of Crown Resorts’ board on whether to accept an A$8 billion ($6.2 billion) bid from Blackstone Group, reinforcing the company’s negotiating stance. Packer, who holds nearly 37 percent of the Australian operator, told the Australian...
Blackstone makes A$8 billion bid for Crown Resorts
Crown Resorts has confirmed it has received an unsolicited, non-binding, indicative proposal from The Blackstone Group Inc to buy out all of its shares in an A$8 billion deal. Crown on Monday confirmed to the ASX that it had received the offer from Blackstone on Sunday, with an indicative price of...
Primorye projects saw “major 2020 progress,” officials say
Officials in the Primorye gambling zone have been on a public relations blitz in recent months, highlighting how projects are now pushing ahead and stressing there is no change in the long-term plans for 12 casino complexes. The Deputy Prime Minister of Primorsky Territory, Konstantin Shestakov,...
Effectiveness of Western Australia gaming regulators under review
The terms of reference issued to the Royal Commission in relation to the Crown Resorts affair make it clear that the effectiveness of the Australian state’s Gaming and Wagering Commission is also under review. The Royal Commission, of course, has been established by the state government of...most popular
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MoF reports on casino businesses’ financial losses
The first casino in Hoi An is about to open after 4 years of construction On June 28, Hoiana Phase 1 is ready to open its doors to customers to experience the first infrastructure. After 4 years of construction, the Hoiana complex project is expected to open to welcome the first guests at the...