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Business
April 24, 2024
Las Vegas Sands Prepares for Major Debt Refinancing, Market Optimism High
Las Vegas Sands is gearing up for significant refinancing moves, with analysts anticipating a positive reception from the markets. CBRE Capital Advisors Inc., in a recent analysis, highlighted Las Vegas Sands’ plan to refinance a substantial portion of its outstanding debt, emphasizing its intentions to navigate upcoming financial obligations smoothly. Sands China and Las Vegas […]
Business
April 24, 2024
Goldman Sachs Recognizes MGM’s Leadership in Share Repurchases
MGM Resorts International is poised to emerge as one of the frontrunners in share repurchasing this year, according to financial analysts at Goldman Sachs. The renowned casino operator’s consistent dedication to buying back its own shares has earned it a coveted spot in Goldman’s buyback basket, a significant indicator of market confidence. MGM Shines in […]
Industry
April 24, 2024
Saracen Casino in Arkansas Supports Online Gambling Expansion
After the statewide expansion of sports betting, online gambling is also gaining speed across the country. Although the two are difficult to compare, at least for the moment, considering that iGaming is available in several states while legal betting is legal in nearly 40 US states, there’s plenty of interest in legal online gambling. Currently, […]
Casino
April 23, 2024
Bail Set at $5M for Accused Muckleshoot Casino Stabber
Despite the extensive efforts of casinos in terms of security, incidents do take place in such establishments from time to time. Generally speaking, weapons of any sort are not permitted on the gaming floors and to ensure the well-being of their guests, casinos constantly monitor this through CCTV surveillance, live security and use of metal […]
Sports
April 23, 2024
France Sets New Gambling Records in 2023
The country’s ongoing measures to foster a safe and sustainable gambling industry seem to be paying off, as operators recorded impressive growth In a significant uptick for the French gambling industry, data released by the French National Gaming Authority (ANJ) reveals a record-breaking 2023, with gross gambling revenue (GGR) reaching €13.4 billion ($14.34 billion). This […]
Casino
April 23, 2024
Australia’s Casino Sector Sees Substantial Developments
This week has been very eventful for the Australian casino sector as Crown Entertainment reached a significant milestone in its journey towards compliance. Meanwhile, rival Star Entertainment faces another inquiry into its suitability as new revelations fueled the ongoing controversy surrounding the operator, highlighting the stark differences between the two companies. Crown Entertainment Has Achieved […]
Industry
April 23, 2024
Ex-Police Officer Slapped with Prison Sentence for Bribe-Taking
An ex-police officer from Santa Ana received a one-year and one-day federal prison sentence on April 22 for taking a bribe of over $100,000 from a crime figure who was interested in steering law enforcement clear from his gambling businesses that were working outside the law. The 31-year-old from Chino was also slapped with a […]
Industry
April 23, 2024
House of Lords to Hold a Debate on the Impact of Gambling Marketing
Amid the ongoing overhaul of the gambling sector in the UK, the House of Lords confirmed its intentions to hold a debate and discuss the impact of gambling marketing. The discussion comes at a time when concerns about excessive gambling and gambling harm continue to mount, while the advertising of gambling services seems to exacerbate […]
Industry
April 23, 2024
Suspect Accused of Taking Elderly Woman’s Money for Gambling
A 46-year-old man was accused of using the funds of an elderly woman without her knowledge for gambling activities and personal expenditures. The case involves an elderly lady from Bridgeport, West Virginia, who lost more than $10,000 of her personal funds after one male individual has been allegedly exploiting her. The person suspected of the […]
Industry
April 23, 2024
Consumer Preference Shift Propels Sin Tax Revenue in the US
For years, the United States has benefitted from taxes on alcoholic beverages and cigarettes. Casino gambling and more recently, sports betting, iGaming and cannabis taxes also help generate billions of annual taxes across the country. And while some US states still have strict laws for sports betting and cannabis products, many have already legalized the […]
