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Casino
April 5, 2024
Marina Bay Sands to Build Fourth Tower by 2029
Marina Bay Sands (MBS), Singapore’s renowned casino and hotel resort, is embarking on a significant expansion of its downtown property, with plans to construct a fourth tower by 2029. After being hindered by the COVID-19 pandemic, MBS announced on Friday that full-scale construction will commence by July 2025, aiming for completion by July 2029. The […]
Business
April 5, 2024
Moody’s Confirms Stable Outlook for LVS, Highlights Potential Credit Risks
The leading global provider of credit ratings, research and risk analysis, Moody’s Investor Service, released a new update, highlighting important details regarding the credit profile of the global gaming and entertainment giant, Las Vegas Sands (LVS). Earlier this week, the company published a credit analysis, highlighting that currently, LVS has a Stable Outlook. Moreover, Moody’s […]
Casino
April 5, 2024
South Korea Invests $1.85M in Kangwon Land to Ensure Its Competitiveness
South Korea’s government has unveiled a massive expansion of its Kangwon Land casino resort. The state-owned property will be remodeled to triple the area of its casino floor, allowing it to welcome more guests. The Kangwon Land gaming area, which covers 167,000 square feet currently, will be expanded to cover approximately 533,000 square feet. In […]
Casino
April 5, 2024
Maryland Halts Progress on Online Casino Legislation After Budget Agreement
Amidst budget negotiations in Maryland, hopes for the legalization of online casinos have been dashed for the year 2024. With online casino revenue not finding its way into the state’s budget agreement, it appears that Marylanders will have to wait until at least 2027 to see any progress in this regard. Maryland’s Legislative Session Ends […]
Industry
April 4, 2024
Michigan Authorities Clamp Down on Illegal Gambling Operations
Michigan’s gaming watchdog, the Michigan Gaming Control Board (MGCB), has reaffirmed its commitment to eradicating unregulated casino-style gambling machines from local businesses and dismantling illicit gambling rings. Michigan’s Crackdown on Unlicensed Gambling Protects Consumers Under Michigan law, gambling is strictly regulated and confined to licensed casinos, making any unauthorized gambling activity illegal. The proliferation of […]
Casino
April 4, 2024
Study Reveals Massachusetts Casinos Fail to Fuel Problem Gambling Surge
A recent study conducted by the University of Massachusetts Amherst reveals that the introduction of casinos in Massachusetts has not led to a surge in problem gambling, contrary to some expectations. UMass Research Shows Slight Decrease in Problem Gambling The findings, presented to the Massachusetts Gaming Commission, indicate that despite the proliferation of gambling opportunities, […]
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), […]
