Casino News – Ho dumps Russia stake, looks to Japan

Casino billionaire Lawrence Ho has acknowledged giving up his stake in Russian casinos last year in a bid to improve his chances of winning a casino license in Japan, according to the Nikkei Asian Review. Ho, who is the chairman of Hong Kong based Melco Resorts & Entertainment, which operates five major integrated casino resorts in Macau and the Philippines,…

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Casino News – US Supreme Court rules to allow sports betting

This week saw a number of major news developments across the United States, the UK and Southeast Asia. Here’s the weeks highlights in brief. US Supreme Court rules to allow sports betting In a decision with far reaching implications, the U.S. Supreme Court ruled this week in favor of New Jersey in the case of Christi vs NCAA, overturning the…

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Casino News – Atlantic City casino wins approval just weeks before opening

Just weeks before the grand opening of the Hard Rock Hotel & Casino Atlantic City, the venue’s operators have received vital approval for a casino gambling license. The Hard Rock is set to open in late June of this year as its owners look to bring in fresh faces and revenue to what has been an otherwise stagnant time in…

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Casino News – UK delays crackdown on fixed odds betting terminals

According to UK media reports, Chancellor Philip Hammond may be getting cold feet when it comes to measures to limit how much punters can bet using fixed-odds betting terminals (FOBTs). After a concerted lobbying effort by Members of Parliament, church groups, anti-gambling associations and other assorted organizations intended to limit the potential harm done by FOBTs, plans were in the…

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Casino News – Cambridge Analytica linked to Dragon Coin and Macau mob

Former Cambridge Analytica employee Brittany Kaiser has told The New York Times the firm was working with Macau based gaming company Dragon Corp to launch Dragon Coin, an initial coin offering (ICO) backed by notorious Asian underworld figure “Broken Tooth” Wan Kuok-koi’. Cambridge Analytica is the UK firm behind the massive Facebook personal data collection scandal that is said to…

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Casino News: Constitutional Court in Belgium rescinds VAT for online gambling

Online casino operators in Belgium were celebrating last week after the Belgian Constitutional Court issued a ruling stating that the country’s online casino operators would no longer be subject to the country’s 21% value added tax (VAT). In it’s decision the court overruled every substantive element of a 2016 law making Belgian online casino operators subject to the tax on…

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Casino News: Americans set to bet $10 on March Madness

Americans set to bet $10 on March Madness Industry experts predict that Americans will wager some $10 billion in the coming weeks on the March Madness college basketball tournament, with the vast majority of it illegal. That’s right, as punters across the country eagerly await an upcoming U.S. Supreme Court decision that analysts believe is likely to overturn the ban…

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Casino News: Sexual Misconduct and Red Rock Resorts Earnings

Chicago woman alleges Wynn raped her and got her pregnant Allegations of sexual misconduct, harassment and rape against casino mogul and former CEO of Wynn Resorts, Steve Wynn, continue to mount with yet another woman has come forward to claim Wynn raped her in the 1970s and that she gave birth to his child as a result. Amid the maelstrom…

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Casino News: Atlantic City Mayor Studies Casino Gambling and Pot

As New Jersey debates whether to legalize marijuana in the Garden State, the mayor of Atlantic City Frank Gilliam is preparing for the possibility of legalized marijuana use in the East Coast’s premiere gambling hub. Together with several state lawmakers, Gilliam travelled to Las Vegas last week to learn more about how the city has handled recreational marijuana use and…

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Sands sees record profits in Q4

The Las Vegas Sands Casino hit pay dirt in the fourth quarter of 2017, watching its net revenue grow 11.7% to reach $3.4 billion, compared to $3.08 billion for the same period a year earlier. Due to soaring revenues, the casino was able to report income of $2.81 billion for the year, up from $1.67 billion in 2016, an astonishing…

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