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Casino
April 3, 2024
Huge Jackpots Await Players at Empire City Casino
MGM Resorts’ Empire City Casino is offering its players the chance to win some life-changing prizes. The property is currently offering the second-highest jackpot in its history, providing guests with a shot at a seven-figure sum. The IGT Wheel of Fortune Triple Stars jackpot, according to the announcement, is currently standing at $1.6 million. While […]
Business
April 3, 2024
K&F Growth Capital Shares Concerns, Sends Letter to Bally’s
Back in March, Standard General, a company that currently holds a significant 23% stake in Bally’s Corporation, the leading gaming and entertainment company, disclosed its intentions to acquire all outstanding shares in Bally’s. This became clear from a filing with the US Securities and Exchange Commission (SEC). This non-binding letter proposed a price of $15 […]
Industry
April 3, 2024
New Jersey Gambling Regulator to Change Revenue Reporting Methodology
The regulation of gambling activities, including licensing, monitoring of the market and releasing monthly and yearly financial reports for licensees in New Jersey is in the hands of the regulator in the state, the Division of Gaming Enforcement (DGE). Currently, the gambling regulator discloses monthly data regarding the reported proceeds from iGaming, casino and sports […]
Casino
April 3, 2024
Swedish Influencers Under Fire for Illicit Online Casino Advertising on Twitch
It has come to light that a significant number of Swedish influencers on the video platform Twitch have been endorsing unlicensed online casinos, sparking concerns about the promotion of illegal gambling activities. 8 in 10 Swedish Influencers Promote Unlicensed Casinos Following a thorough investigation conducted by Kulturnyheterna, the investigative arm of Sveriges Television AB (SVT), […]
Business
April 2, 2024
Fitch: Bally’s Corporation’s Rating Downgraded, Outlook Negative
The leading ratings agency, Fitch Ratings, announced a new downgrade, affecting Bally’s Corporation. This marked another downgrade for the company recently, which has now seen action from three rating agencies, Fitch included. On Monday, Fitch Ratings said that it downgraded the company’s Issuer Default Rating (IDR) from “B+” to “B.” Additionally, the company said it […]
Casino
April 2, 2024
Playtech Faces Financial Turmoil as Major Client Caliplay Refuses Payment
Playtech, a prominent gambling software firm, finds itself embroiled in a financial dispute with its largest client, Mexican gambling platform Caliplay. Playtech Battles €122 Million Payment Dispute with Caliplay According to Playtech, Caliplay has declined to settle its dues, amounting to a staggering €122 million ($131 million) in fees accumulated between 2023 and 2024. The […]
Legal
April 2, 2024
Victoria Court Convicts Manager with Gambling Addiction in Fraud Scheme
In a recent ruling by Australia’s County Court of Victoria, a manager has been sentenced for a series of fraudulent activities spanning over a decade. The individual, whose identity has not been disclosed, was employed at a company providing business management, tax services, and royalty accounting to clients in the music, hospitality, and entertainment sectors. […]
Industry
April 1, 2024
Tropicana Las Vegas Is Selling Iconic Mementos Prior Closing
The announced demolition of Tropicana in Las Vegas scheduled for October has already paved the way for the creation of a brand-new baseball stadium in the city. Now, Tropicana Las Vegas is getting ready to sell iconic memorabilia from the 67-year-old resort through a pre-demolition liquidation sale. The liquidation sale will be staged by International […]
Casino
April 1, 2024
IPI Auctions Off Rolls-Royce Cars and Crystal Dragons
Saipan’s troubled casino operator, Imperial Pacific International (IPI) LLC, is again making headlines as its assets go under the hammer in a new auction organized by the appointed receiver. This time, the spotlight falls on IPI’s prestigious collection of Rolls Royce cars and its famed Crystal Dragons. The online auction, facilitated by Clear Management Ltd, […]
Casino
April 1, 2024
Lucky Player Wins Three Casino Jackpots in a Row
Many dream of winning the jackpot but few can imagine hitting three big prizes on the same day. Surprisingly, this is exactly what happened to a lucky Caesars player in Las Vegas. The player in question was visiting the Caesars Palace venue Tuesday night into Wednesday morning. As reported, the lucky player turned his stay […]
