Star Entertainment could lose its Sydney license or receive a fine of up to A$100 million ($67.2 million) after an inquiry found breaches of anti-money laundering protocols. The embattled Australian casino operator has been given 14 days to explain why it shouldn’t face disciplinary action. The New South Wales Independent Casino Commission (NICC) announced the potential
Month: September 2024
SC Gaming and Bally’s Corporation have terminated their agreement to develop a Category 4 casino at the Nittany Mall in College Township, Pennsylvania. However, in a joint press release, the parties confirmed SC Gaming will continue the project alone. Bally’s Corp announced its intention to back out of the deal on Friday. The development was
Macau’s hotel industry returned to profit in 2023, rebounding to MOP$8.18 billion ($1.02 billion) from a loss in 2022. The figure reflects a 300% year-on-year increase in gross value added (GVA) to MOP$20.35 billion ($2.53 billion). According to Macau’s Statistics and Census Service (DSEC), profit was driven by a 140% year-on-year increase in revenue to
Rap superstar Jay-Z joined Fanatics founder Michael Rubin and Betting & Gaming CEO Matt King on Sunday to inaugurate Fanatics Sportsbook’s first location in New Jersey. The opening took place at the Ocean Casino Resort in Atlantic City, where the rapper cut the ceremonial ribbon alongside Rubin and Ocean Casino General Manager Bill Callahan. The
Sep 16, 2024 3 min read What is the proper amount for a wealthy poker player to tip a cocktail server for a bottle of water? That is the debate that transpired on X thanks to a critical tweet from Daniel Negreanu, who called out an unnamed “millionaire” high-stakes pro for being a bit of
Developers are proposing to transform the vacant Lord & Taylor department store at The Mall at Rockingham Park into a high-end casino. The project is spearheaded by local real estate magnates Joe Faro and Sal Lupoli in collaboration with The Cordish Companies. The Live! Casino Salem project would occupy approximately 159,000 square feet, with plans to
With an aim to address the growing issue of illegal gambling in Alabama, State Representative Matthew Hammett, a Republican from south Alabama, has introduced a bill that would increase the penalties for those involved in illicit operations. The proposed legislation would change the legal classification of offenses from misdemeanors to felonies, giving authorities stronger tools
Caesars Entertainment celebrated on Friday the first in-person sports wagering location in the state of Maine at Oddfellahs, a newly opened sports entertainment venue in Portland powered by Caesars Sportsbook. The sports bar, located in the heart of downtown Portland at 55 Market St., is the result of Caesars Sportsbook’s partnership with First Tracks Investments
Sep 16, 2024 7 min read Last Thursday, Parker “tonkaaaa” Talbot clinched his fifth World Championship of Online Poker (WCOOP) title with a win in the HORSE Championship. His stay in the five-time winner’s club was brief—lasting just four days—before Talbot captured yet another WCOOP victory. The WCOOP League captain had even more reasons to
You may want to take a few moments to check your bill for some extra Las Vegas charges next time you visit. I mean, most of us know they tack on fees for taxi rides to and from the airport. A few days ago we posted an article about new charges MGM is adding just
NetBet, a well-known European gambling brand, has recently expanded its presence in Europe by securing a license from the Danish Gambling Authority (Spillemyndigheden) in late February 2024. This strategic move positions NetBet in one of Europe’s most developed internet gaming markets, signaling its intent to capture a significant share of the Danish gambling scene. NetBet’s strategic entry
Loto-Québec, the crown corporation overseeing gambling activities in Quebec, Canada, reported a decrease in both revenue and profit for the first quarter of the 2024 fiscal year. Despite the downturn, which saw revenues fall by 3.0% and net income by 8.2% compared to the same period last year, the corporation remains steadfast, attributing these figures to an unusually
Casino operators in Cambodia are facing new regulations requiring them to register all gaming equipment by the end of this year or risk having it removed. This mandate is part of broader efforts by the Cambodian Commercial Gambling Management Commission (CGMC) to regulate and clean up the gaming industry. However, as these regulations remain in draft form, many questions persist
The SPiCE Philippines expo kicks off tomorrow (Tuesday), set to connect industry leaders across the Southeast Asia gaming market in its third annual edition. The exhibition will highlight the latest advancements and trends shaping the gaming industry across Southeast Asia. The show comes as the market experiences substantial growth, driven by increased accessibility to online gaming platforms
A federal judge has allowed Kalshi, a New York startup, to proceed with offering the first legal bets on the outcome of the upcoming congressional elections. This follows a ruling on Thursday by U.S. District Court Judge Jia Cobb in Washington, permitting the company to offer predictive contracts across the country, despite opposition from federal
Developers are proposing to transform the vacant Lord & Taylor department store at The Mall at Rockingham Park into a high-end casino. The project is spearheaded by local real estate magnates Joe Faro and Sal Lupoli in collaboration with The Cordish Companies. The Live! Casino Salem project would occupy approximately 159,000 square feet, with plans to
Flutter Entertainment is allegedly inching closer to a deal to acquire Snaitech, the consumer division of Playtech, according to a SkyNews report. The deal would be valued at approximately £2 billion ($2.6 billion). According to the report, Flutter, which recently shifted its primary stock market listing to New York, could strike a formal agreement with Playtech as soon
Sep 16, 2024 4 min read After four days of action, only one player remained to become the 2024 €1,000 French Championship Main Event winner, here at Pasino Grand in Aix-en-Provence. And after a long battle, Heni Mokni emerged as the winner from a field of 553 entrants, taking home the first-place prize of €75,000
Universal Entertainment Corp, the parent company of Okada Manila, has announced the formation of a Governance Committee aimed at evaluating and improving its management compliance practices. The decision to establish this committee was made during a Board of Directors meeting held on September 13th, signaling a proactive step toward strengthening the company’s governance framework. The
Shawn “JAY-Z” Carter and Fanatics CEO Michael Rubin celebrated the grand opening of the Fanatics Sportsbook at Ocean Casino Resort, situated on the iconic Atlantic City Boardwalk. This marks the first Fanatics Sportsbook in New Jersey and introduces a fresh destination for sports betting enthusiasts in Atlantic City. The ribbon-cutting ceremony was led by JAY-Z