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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 […]
Industry
April 1, 2024
Macau on the Road to Recovery Pushed by Mass Market Segment
Currently, there are tough restrictions when it comes to gambling in China. The country doesn’t permit poker, casino gambling or iGaming activities, with the sole exception being Macau, China’s Special Administrative Region. For two decades, Macau has been growing its position as a leading gambling hub for the Asian region. However, the COVID-19 pandemic which […]
Casino
April 1, 2024
Thailand Inches Closer to Casino Gaming, May Outrun Japan
Thailand is inching closer to the launch of legal casino gaming as the recent casino legislation continues to make strides. The measure, which would allow for the construction of resorts featuring casinos, was passed by a landslide by Thailand’s House of Representatives last week. Overall, 253 representatives out of 257 House members voted in favor […]
Casino
April 1, 2024
Queens Councilman Throws Support Behind Multi-Billion Dollar Casino Project
In a move that could reshape the landscape of Queens, Councilman Francisco Moya has thrown his weight behind Mets owner Steve Cohen’s ambitious $8 billion plan to erect a sprawling casino complex adjacent to Citi Field. Francisco Moya Endorses ‘Metropolitan Park’ Casino Plan, Lauding Benefits for Queens Moya, representing the communities surrounding Flushing Meadow Park […]
Industry
March 29, 2024
Great Falls Casino Stabbing Suspect Faces Legal Action
After a stabbing incident at a Great Falls, Montana casino, a person is currently facing a charge for his alleged involvement. The crime dates back to earlier this month when a man identified with the initials T.L.J. allegedly assaulted an unnamed man outside of Ike & Susan’s Lounge & Casino in Great Falls. The suspect […]
