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Casino
January 25, 2024
Svenska Spel Confirms Intentions to Close Gothenburg and Malmö Casinos
The Swedish state-owned gambling operator, Svenska Spel, announced Wednesday the possibility to close two of its land-based venues. The potential closure is related to Casino Cosmopol in Gothenburg and Malmö. Previously, Svenska Spel implemented an action plan that sought to revitalize Casino Cosmopol. This plan included a significant restructuring of the organization, along with a […]
Legal
January 25, 2024
Court Greenlights Consolidation of Lawsuits against AC Casinos
Lawsuits filed against a number of major hotel-casino operators in Atlantic City were given a green light to be consolidated earlier this week. The lawsuits alleged gambling operators engaged in anticompetitive actions, resulting in a cumulative increase in hotel room rates since 2018. As announced by Play NJ, US District Court Judge Karen Williams recently […]
Legal
January 25, 2024
Ex-Resorts World Executive Pleads Guilty in Federal Case
Suspicious reports filed against MGM Grand resulted in an investigation about potential illegal gambling. Allegations claimed breaches related to anti-money laundering (AML) regulations with Scott Sibella, a former Resorts World chief operating officer and president, named as responsible. Now, as announced by the Las Vegas Review-Journal, Sibella pleaded guilty to not filing suspicious activity reports […]
Casino
January 25, 2024
Florida’s Battle Against Illegal Slot Machines Intensifies
Recent measures introduced in the Florida legislature aim to tackle the longstanding issue of illegal slot machines proliferating across the state, presenting a growing concern for authorities. Bills SB 1046 and HB 189 have been tabled to provide clarity on existing laws surrounding these machines and to ramp up penalties for their possession and operation. […]
Business
January 25, 2024
Caesars Offers $1.5bn in Bonds, Plans New $2bn Term Loan
The leading hospitality and gaming company, Caesars Entertainment, announced a major financial move Wednesday. The company confirmed in a statement that it plans to sell some $1.5 billion in bonds. The bonds would be available for qualified institutional buyers in a private placement in line with Rule 144A of the Securities Act of 1933. The […]
Insider
January 24, 2024
Sumsub’s Ilya Brovin on Preventing Gambling Fraud in 2024
Online gambling continues to grow with an expected growth rate of 7.76% each year, with a projected revenue of $138.1 billion in 2028. Much as the gambling industry sees rapid growth, so do the cases of fraud, leaving gaming operators overwhelmed. Bonus abuse and affiliate fraud are two of the more common types of fraud […]
Industry
January 24, 2024
Canada: Casino Employee Accused of Helping Gang in Fatal Home Invasion
A criminal case against one gang member who participated in an attempted robbery that turned into murder gained traction earlier this week. The incident dates back to October 2019 when Ryan Gatzke, 27, was fatally shot and killed in his home by three members of a gang known as the “Terror Squad.” On Monday this […]
Industry
January 24, 2024
Macau Casino Chip Scam Results in Arrest of Eight Suspects
Casino operators are often targeted by criminals who attempt to cheat or manipulate the games for their advantage. While some try to cheat, others engage in fraudulent activities such as using fake chips to play. Last year, a massive fraudulent scheme was uncovered in Macau with police authorities seizing nearly 1,000 fake chips. During the […]
Industry
January 24, 2024
Guernsey Faces Health Fallout as Gambling Impact Assessment Raises Alarms
A recent Health Impact Assessment (HIA) on gambling in Guernsey, conducted by the Public Health Institute at Liverpool John Moores University, has raised concerns about the health implications of the island’s gambling habits. The study, commissioned in 2019, examined the prevalence and impact of gambling on the local population. Gambling Trends Spark Concerns Over Pandemic […]
Casino
January 23, 2024
Mohegan INSPIRE Receives Five-Star Hotel Rating
Mohegan’s South Korean venture, the Mohegan INSPIRE Entertainment Resort, has been given a prestigious five-star hotel rating. The rating follows a comprehensive assessment of the property by the Korea Tourism Association’s Korean Hotel Rating System. The five-star rating reflects the excellence of the hotel and its facilities and attests to Mohegan’s commitment to best-in-class hospitality […]
