Casino
April 5, 2023
Las Vegas Hotels Seek Dismissal of Price-Fixing Lawsuit Involving Rainmaker
The Las Vegas Review-Journal reported that several hotel-casino operators on the Las Vegas Strip have filed a motion to dismiss a lawsuit that accuses them of price-fixing hotel room rates through a revenue management platform, Rainmaker. Tourists Sue Las Vegas Hotels for Alleged Antitrust Violations In January, two tourists filed a lawsuit that accused hotel […]
Casino
April 5, 2023
Gambler Wins Record-Breaking $14M Megabucks Jackpot in Reno, Nevada
Reno Gazette-Journal reported that the Reno woman who wished to remain anonymous hit the $14 million jackpot while playing a Megabucks slot machine at the Atlantis Casino Resort Spa on Sunday, April 2, 2023. The anonymous gambler had extended her stay at the casino after her planned cruise was canceled. Atlantis Casino Resort Spa Celebrates […]
Industry
April 5, 2023
Pennsylvania’s Problem Gambler Numbers Go Up Since 2019
Pennsylvania has been doing well in terms of the amount of sports betting handle it has been bringing in. Online gambling activities such as iGaming have thrived, but one problem has continued to mount – the number of people who step forward and seek help for gambling problems has also increased. Calls to Gambling Helpline […]
Casino
April 4, 2023
South Korea’s Foreigner-Only Casinos Record Impressive Profits
Surging economic growth appears to be the theme across many popular Asian gambling destinations, as Macau also recorded a sharp rise in revenue. Its slow recovery after the COVID pandemic allowed other gambling hubs like Korea to flourish, challenging the Chinese territory’s previously undisputed regional monopoly. The Region Suffered Tremendously during the Pandemic Korea and […]
Industry
April 4, 2023
Macau Posts Strong Revenue in March, Surpasses Expectations
After the impact of the pandemic, the gambling sector in Macau started to slowly emerge. The lifting of restrictions combined with the reopening of venues helped the industry begin its recovery. Now, a few years after the pandemic, Macau’s gaming revenues continue to rise and in fact, marked a significant year-over-year increase this March. In […]
Casino
April 4, 2023
Former CRA Employee Sentenced to Prison for Printer Cartridge Scam
Singapore media outlet The Straits Times reported that a former senior executive of a government agency has been sentenced to over two years in prison for misappropriating more than 750 printer cartridges worth over SGD93,000 ($70,118) and selling them online. Ex-CRA Officer Sold Misappropriated Printer Cartridges on Carousell Zulkiflie Yacob, 45, had deliberately over-ordered cartridges […]
Casino
April 4, 2023
Lucky Atlantis Casino Visitor Wins $14M Jackpot
Jackpot wins, although hard to get, are life-changing. And sometimes even little bets pay out big time which is precisely the case of a woman that visited Atlantis Casino in Reno, Nevada. On Sunday night, a woman, who was not named, won a multi-million-dollar jackpot. Her $10 bet turned into a Megabucks Jackpot of $14,005,832.09. […]
Business
April 4, 2023
Charlie Munger Says Gambling on Stock Market Impossible to Fix
Charlie Munger, Warren Buffet’s faithful lieutenant, has often been critical of anything that defies the stock market’s conventional logic. The COVID-19 market brought around a buzz among investors who splurged on anything but traditional stock and with this – they unlocked a torrent of criticism. Stock Market Proves as Addictive as Gambling Even when investors […]
Casino
April 4, 2023
Californian Theft Leaves Bankers Casino Short of $95,000
Salinas police reported the case which took place on Sunday morning and was not noticed until after the employee in charge of cash noticed the discrepancy between the money present and the money reported. The theft was immediately signaled to the police, which arrived on the scene. Upon scrutinizing video surveillance, authorities found out that […]
Casino
April 3, 2023
The Cowlitz Tribe May Dump the Mohegan from Ilani Casino Resort
The owner of Ilani Casino Resort in Ridgefield, Washington, the Cowlitz Indian Tribe, is considering cutting ties with its casino management partner, the business arm of the Mohegan Tribe, Mohegan Gaming & Entertainment. Sizeable Management Fee The Cowlitz Tribe opened its Ilani Casino Resort in 2017 and since the first day of operation, the casino […]
