Business
November 25, 2021
Macau Finds Casino Operators Can be Liable for Junket Partner Debt
On Wednesday, Macau’s Court of Final Appeal upheld a decision that found Wynn Resorts Macau jointly liable for $747,482 debt to a VIP, along with its junket partner, Dore Entertainment. Wynn isn’t satisfied with the outcome and Paulo Martins Chan, a former boss of the Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym), […]
Casino
November 24, 2021
Experts See Skill-Based Slots as Industry’s Future
Slot machines have been around since the 1900s’ and their popularity around the globe is synonymous with casinos. While some casinos offer table games as well, other venues feature slots only. Since the invention of the first mechanical slots, the popularity of the machine has been growing at an unstoppable rate. Slot Machines Continue to […]
Legal
November 24, 2021
Appellate Court Revives Lawsuit Against Steve Wynn and Wynn Resorts
A sexual harassment lawsuit that was filed against the former CEO of Wynn Resorts, Steve Wynn, and the company itself by nine women will go forward after a decision made by the Court of Appeals for the Ninth Circuit on Tuesday. In the original ruling, the suit was dismissed in July 2020 by James Mahan, […]
Business
November 24, 2021
FansUnite Spearheads Into the US Market With American Affiliate Acquisition
Canadian betting-oriented sports and entertainment company FansUnite will spearhead into the US market through the strategic acquisition deal of the sports betting tech provider American Affiliate. The deal will see FansUnite pay American Affiliate about $58.2 million. Out of that total sum, $13.5 million will be paid in cash, $41.7 million in FansUnite shares and […]
Industry
November 24, 2021
Deutsche Bank Predicts Casino Sustainability as Pent-up Demand Dries Up
The Deutsche Bank Gaming, Lodging, Leisure & Restaurant Conference in Miami has attracted a healthy bit of interest, CDC Gaming Reports wrote in a recent article noting down the highlights of the event. The publication estimates that the numbers of attendees were up 60% compared to 60%, making it one of the most significant expos […]
Casino
November 24, 2021
Human Trafficking Gang Used Funds to Gamble and Invest in Real Estate
A criminal group have used casinos to launder millions of ill-gotten funds obtained through the exploitation of Central American laborers who were forced to work in inhumane conditions across farms in Florida, Georgia, and Texas, and elsewhere court documents have revealed. According to the documents, the gang was a “modern-day slavery” operation which used the […]
Casino
November 24, 2021
CDI Offloads Two-Thirds of Florida Property to Blackstone-Owned Company
Churchill Downs Incorporated (CDI) is selling a large piece of its footprint in Florida. The company behind casinos, horserace tracks, and more announced Monday that it reached an agreement with Calder Casino in Miami Gardens, FL, to sell more than 115 acres it holds for $291 million. That’s about two-thirds of the property, and CDI […]
Casino
November 24, 2021
Kids House of Seminole Accountant Allegedly Gambled with Stolen Charity Money
61-year-old Carrie Wagner is an ex-Kids House of Seminole accountant who was arrested after turning herself in for charges of embezzlement last Thursday. The Summa Cum Laude university graduate was taken into the custody of the Seminole County Jail for having plundered the Children’s Advocacy Center’s accounts. A Contrite Accountant Faces 58 Charges Wagner is accused of […]
Legal
November 24, 2021
Slidell Casino Dispute Lands in Court, but No Resolution Yet
Slidell residents concerned by the Camilia Bay Casino in their community and their attorneys appeared in court Tuesday to hear updates on whether or not they would vote for the casino on December ballots. Although time is running out for a decision to be made, the judge set up two additional court dates. These have […]
Casino
November 23, 2021
Georgia Turns on Gambling as PM Envisions Banning Online Casinos
Georgia, a once pro-gambling nation, is now making a 180-degree turn as the government considers cracking down on online casinos amid fears of money flowing out of the country. Georgia’s Prime Minister, Irakli Gharibashvili, explained that the government’s ambitions are to enforce the strongest online casino rules among all countries in the region. Georgia’s Two-Phase […]