Casino
October 8, 2024
Bally’s Donates Tropicana Relics to UNLV Ahead of Implosion
Bally’s Corporation, the operator of the to-be-imploded Tropicana Las Vegas, has agreed to donate a variety of memorabilia to the University of Nevada, Las Vegas. The casino company was contacted by the university’s Special Collections and Archives department, which wanted to preserve a part of the historic resort. The Oakland A’s New Stadium Will Replace […]
Industry
October 8, 2024
Macau Records 1.1M Visitors During Golden Week
Macau authorities announced that it approximately 1.1 million people have visited the special administrative region during the National Day holiday period known as Golden Week. This figure exceeded the projected target of 130,000 daily arrivals. Visitation Increased Dramatically The period between September 29 and October 6 saw a daily average of 138,000 visitors and is […]
Business
October 8, 2024
JPMorgan Acquires Stake in Australia’s Star Entertainment
JPMorgan Chase & Co. has bought a big chunk of Star Entertainment Group, an Australian casino company that is having money troubles. JPMorgan Buys 5.47% of Star Entertainment as Casino Operator Battles Regulatory Scrutiny A new report shows that JPMorgan now owns 5.47% of the company’s voting shares, which means it is getting more involved […]
Casino
October 7, 2024
Iowa Casinos Oppose Cedar Rapids Resort Development
Iowa casinos have expressed concerns regarding the proposed Cedar Crossing Casino & Entertainment Center in Cedar Rapids, fearing that the development could significantly impact their bottom lines. During a recent Iowa Racing and Gaming Commission (IRGC) meeting, Linn County Gaming Association (LCGA) presented its application for the new casino, identifying its potential effects on nearby […]
Casino
October 7, 2024
L&W Developing New Legally Compliant Dragon Train Game
The lawsuit between two leading providers of gaming solutions, Light & Wonder (L&W) and Aristocrat Technologies, continues. In the legal battle, the latter company argued that the former misappropriated trade secrets and engaged in intellectual property theft when developing its Dragon Train game. The New Version of the Game Seeks to Ensure Compliance with a […]
Casino
October 7, 2024
Online Slots Streamer Grim Takes Short Break After Losing $3M in One Night
Online gambling streamer Grim, who goes by GrimzYoutube, says he is taking a short break from streaming after losing $3 million in one night. Gambling Streamer Grim Pauses After $3M Loss on Roobet Grim often plays online slots on the crypto casino Roobet and shows his games on the Kick streaming platform. He told his […]
Industry
October 7, 2024
Study Reveals IRS Faces $1.5B Tax Loss Due to Unreported Gambling Winnings
A fresh study shows that many gamblers not reporting their winnings has led to the IRS missing out on almost $1.5 billion in taxes from 2018 to 2020. TIGTA Report Reveals Major Tax Shortfall as Thousands Fail to Report Gambling Winnings The Treasury Inspector General for Tax Administration (TIGTA) found that thousands of people did […]
Industry
October 4, 2024
Canadian Company Sues Wynn Resorts for Due Diligence Failures
A Canadian company will be taking Wynn Resorts to court for allowing a big time con artist to gamble with stolen money. The plaintiff is seeking damages, alleging that Wynn did not conduct adequate due diligence into the player in question. James Bay: Wynn Did Not Fulfill Its Due Diligence Responsibilities The plaintiff in the […]
Industry
October 4, 2024
JP Morgan Foresees $2.5bn-$5bn Annual Revenue for Bangkok’s IRs
Thailand, a country that strictly bans gambling except for state-controlled horse races and an official state lottery, will soon hit the refresh button in this department thanks to an important preliminary framework from the Parliament endorsed by Prime Minister Srettha Thavisin’s cabinet in April. The daring framework, which included up to five licenses for IRs […]
Business
October 4, 2024
BetMGM Enjoys Strong Progress in Online Gambling
A majority of the US states currently offer sports betting but when it comes to online casino, the number of states where the activity is available is quite low. A total of seven states currently offer legal iGaming but that number may grow in the future in case lawmakers consider benefitting from new revenue-generating activities. […]
