Jerome García's latest articles
Jerome García
Senior JournalistJerome provides expert industrial analysis, exploring the shifting dynamics of emerging markets throughout the digital age. With a background in applied economics, he decodes how rapid digitalization and tech infrastructure disrupt traditional supply chains. His data-driven insights empower global investors and executives to navigate volatile economies and capitalize on untapped, high-growth opportunities worldwide.
Legal
January 25, 2024
Court Greenlights Consolidation of Lawsuits against AC Casinos
Lawsuits filed against a number of major hotel-casino operators in Atlantic City were given a green light to be consolidated earlier this week. The lawsuits alleged gambling operators engaged in anticompetitive actions, resulting in a cumulative increase in hotel room rates since 2018. As announced by Play NJ, US District Court Judge Karen Williams recently […]
Legal
January 25, 2024
Ex-Resorts World Executive Pleads Guilty in Federal Case
Suspicious reports filed against MGM Grand resulted in an investigation about potential illegal gambling. Allegations claimed breaches related to anti-money laundering (AML) regulations with Scott Sibella, a former Resorts World chief operating officer and president, named as responsible. Now, as announced by the Las Vegas Review-Journal, Sibella pleaded guilty to not filing suspicious activity reports […]
Business
January 25, 2024
Caesars Offers $1.5bn in Bonds, Plans New $2bn Term Loan
The leading hospitality and gaming company, Caesars Entertainment, announced a major financial move Wednesday. The company confirmed in a statement that it plans to sell some $1.5 billion in bonds. The bonds would be available for qualified institutional buyers in a private placement in line with Rule 144A of the Securities Act of 1933. The […]
Business
January 24, 2024
Amid FDJ Takeover Bid, Capital Research Reduces Shares in Kindred
Capital Research and Management Company, a subsidiary of The Capital Group Companies, Inc., reduced its shares in Kindred Group. On Wednesday, Kindred confirmed that it received notification about the reduced number of shares and voting rights by Capital Research and Management Company. Per the notification, as of January 22, 2024, Capital Research and Management Company […]
Industry
January 24, 2024
Canada: Casino Employee Accused of Helping Gang in Fatal Home Invasion
A criminal case against one gang member who participated in an attempted robbery that turned into murder gained traction earlier this week. The incident dates back to October 2019 when Ryan Gatzke, 27, was fatally shot and killed in his home by three members of a gang known as the “Terror Squad.” On Monday this […]
Industry
January 24, 2024
Macau Casino Chip Scam Results in Arrest of Eight Suspects
Casino operators are often targeted by criminals who attempt to cheat or manipulate the games for their advantage. While some try to cheat, others engage in fraudulent activities such as using fake chips to play. Last year, a massive fraudulent scheme was uncovered in Macau with police authorities seizing nearly 1,000 fake chips. During the […]
Business
January 23, 2024
Betr Shares Ambitious Plans for Betting and iGaming Expansion
The fast-growing sports gaming and sports media company, Betr, announced ambitious plans for the year ahead. Today, the company confirmed it anticipates expanding across the United States after securing several sports betting market access agreements. Betr’s beta product, referred to by the company’s co-founder Joey Levy as V0, is currently live in Ohio, Massachusetts and […]
Sports
January 23, 2024
Iowa State Players’ Attorney Files Motion Claiming Warrantless Probe
Last year, a dozen Iowa State and Iowa athletes were subject to an investigation that uncovered alleged participation in gambling activities, including wagers on their own team and underage gambling. While some of the athletes pleaded guilty, they faced different charges depending on their involvement in gambling activities, something that is prohibited. Now, Van Plumb, […]
Casino
January 23, 2024
Macau Gaming Service Index Hits Record Score in 2023, Survey
Casino operators across the globe constantly strive to improve the conditions for their customers by rolling out different amenities. From comfortable chairs to the latest video slots and a wide range of table games, the competition among operators is fierce. Currently, Macau is one major gambling hub for the Asian region and operators there also […]
Sports
January 23, 2024
Betting Initiative in California Withdrawn amid Tribal Backlash
Several efforts toward the legalization of sports betting in California have failed over the last few years. Yet, supporters of legal sports wagering kept the heat up by pushing for an initiative that would appear on the 2024 Ballot. One such effort was led by Eagle1 Acquisitions Corp. LLC, a company co-founded by Reeve Collins […]
