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Casino
August 14, 2019
Chicago’s Casinos Profitable, But Different Tax Needed
Tax rate weighs down a potential Chicago casino project Profit margins for prospective casinos remain sub-3% over a 5-year period Senator Link believes analysts’ assessment method is wrong A Chicago casino could potentially be one of the wealthiest properties nationwide, but it is weighed down by onerous taxation. Illinois Studies Feasibility of Casinos in Chicago […]
Casino
August 12, 2019
Australia’s Crown Will Lose Victorian License, Investigation Continues
Crown’s Victorian license won’t be allocated next year The operator is under scrutiny by multiple Australian gaming watchdogs Well-connected gamblers from China continue to pervade Australian politics Crown’s ongoing investigation into alleged connections with Asian crime syndicates could be a symptomp of a culture where well-connected Chinese members of the Communist Party keep invading Australian […]
Casino
August 11, 2019
China Targets Philippines POGOs over Illegal Hiring of Workers
China targets the Philippines in a gambling clamp down Offshore gambling operators will come under more scrutiny Underground financial networks at home are also part of the sweeping changes China warns overseas operators to refrain from hiring Chinese citizens to work in the offshore gaming industry. The Philippines’ offshore gaming companies have been targeted by […]
Casino
August 9, 2019
MGM Resorts Files Lawsuit Against Connecticut Tribes
MGM Resorts challenges MMCT claim in Bridgeport The Las Vegas companies will seek to discontinue the tribal casino project Tribes prepared to go to court, cautioning about MGM being an out-of-state company MGM Resorts files lawsuit to challenge tribal claim in Bridgeport, Connecticut. The casino industry and job opportunities in the state may suffer as […]
Casino
August 4, 2019
Crown Australia May Still Be Skirting Regulations
Crown Australia continues to enjoy political favoritism The property has been accused of flaunting gambling regulation Crown has been reportedly participating in organized crime Crown Australia has been enjoying governmental favoritism and skirting pass hefty fines over compliance slippages for years now. Lax Regulation and Crown’s Murky Reputation Regulating the iGaming and casino sectors in […]
Casino
August 3, 2019
Playtech Arrives on Portuguese Market with Solverde
Playtech teams up with Solverde Group iGaming in Portugal takes a mild dip in Q1, 2019 The country continues to expand its gaming market Playtech is entering Portugal with the help of local operator Solverde Group. The iGaming market has been showing signs of active growth. Playtech Enters Portugal with Solverde Group Following the expansion […]
Casino
July 30, 2019
Chicago’s Casino Location to be determined by Poll
Chicago mayor launches poll asking residents to weigh in on the decision where to place casino Sites for the new resort are aimed at neighborhoods in need of economic stimulation Union Gaming chosen to deliver an economic feasibility study, aimed at assisting the decision 2019 is becoming a noteworthy year in terms of the United […]
Casino
July 28, 2019
Tigre de Cristal Looking to Raise $38m in Fresh Funds
Tigre de Cristal’s VIP results beat forecasts Nearly 300 million shares to be placed in a funding round The funding round hopes to raise $38 million Tigre de Cristal’s financial performance is headed for a record-high VIP segment profit, but the resort still needs more money to complete its development. Summit Ascent Seeks to Raise […]
Casino
July 27, 2019
New Jersey Posts Growth for 13th Consecutive Month
New Jersey’s results improve 13 months in a row Mobile dominates the sports betting vertical The Garden State posts better results year-over-year New Jersey’s casino industry has grown for 13th consecutive month, posting a stronger overall financial year. New Jersey’s Casinos Show a Solid Financial Year New Jersey’s casino industry has been keeping steady throughout […]
Casino
July 24, 2019
PAGCOR Says Reports About Net Loss False
Manila Bay reportedly accumulates $41.4 million in net losses Owner of the property PAGCOR turns down the claims Commission includes losses from the previous brand to operate at the spot PAGCOR has turned down the Commission on Audit’s report that the Manila Bay Property has accumulated $41.4 million in net losses. PAGCOR Rebuffs Watchdog Accusations […]