Industry
April 9, 2024
Reno Casino Attacker Sentenced to 41 Years in Prison
A man who attempted to murder his ex-girlfriend’s new boyfriend at a Nevada casino last summer was sentenced to 41 years in prison earlier this week. Honorable Judge Egan Walker, a former Carson City deputy district attorney, imposed the lengthy sentence. The severe penalty was requested by deputy district attorney Hunter Heidrich, who argued that […]
Business
April 9, 2024
Entain’s Stock Soars as Private Equity Firms Eye Potential Breakup
Entain, the parent company of renowned betting firms Ladbrokes and Coral, witnessed a surge in its stock prices following reports of potential interest from private equity giants like Apollo and CVC Capital. The speculations about a prospective breakup of Entain have been rife, fueled by recent announcements regarding a formal review of the company’s structure […]
Casino
April 8, 2024
Workers File Lawsuit to Overturn Atlantic City Casino Smoking Exemption
After years of unsuccessful attempts to persuade lawmakers to ban smoking in Atlantic City casinos, workers have taken a new approach: filing a lawsuit to challenge a law that exempts casinos from indoor smoking bans. The lawsuit argues that the exemption for casinos violates the principle of equal protection under the law and seeks to […]
Industry
April 8, 2024
UKGC Investigates Gambling Company Alleged Exploitation of Cancer Patient
An investigation by the UK Gambling Commission is underway concerning the actions of high street slot machine operator Merkur, following allegations of exploiting a vulnerable customer. This development has cast a shadow over the company’s expansion drive in the UK. Merkur Under Investigation After Vulnerable Customer Suffers Significant Losses at Stockport branch Merkur, a German-owned […]
Casino
April 8, 2024
Petersburg Casino Legislation Faces Unexpected Setback
Petersburg Governor Glenn Youngkin has sent Senate Bill 628 back to the General Assembly with a recommendation to amend the legislation, indicating that a do-over vote is unnecessary for setting up Petersburg as the fifth casino-host city in Virginia. While this move has raised some concerns, it should not affect the bill’s expected success. The […]
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 […]
