The Australian government announced on Monday that a review of the country’s Interactive Gambling Act will be carried out. Officials will be looking for ways to meet the increasing demand for innovative methods for live sports betting.The introduction of regulations for ...
Vietnamese investment company VinaCapital announced that it would work together with Hong Kong-based giant Chow Tai Fook Enterprises Ltd. on the completion of a stalled $4-billion project for the construction of the so-called Nam Hoi An integrated gambling resort in Vietnam’ ...
The proposal for turning Tioga Downs Casino & Racing in Nichols, New York into a fully-fledged casino will be heard by the state Gaming Facility Location Board at a September meeting. Representatives for the gambling venue will present their project before the regulator.T ...
The Maryland Lottery and Gaming Commission posted on Friday information about the revenue generated by the state’s five casinos in August. Including Horseshoe Casino Baltimore, which opened doors on August 26, 2014, all five gambling venues within Maryland’s borders p ...
Isle of Man-based gambling company GVC Holdings PLC announced earlier today that it had reached an agreement to buy rival bwin.party digital entertainment plc for the amount of £1.12 billion ($1.7 billion). GVC is to pay for its newest acquisition in cash and shares.Gibraltar ...
Cruise ship and resort operator Genting Hong Kong, subsidiary of Malaysian conglomerate Genting Group, won a key approval from the New South Wales government to increase its stake in Australian gambling company Echo Entertainment.Genting Hong Kong was permitted to raise its c ...
Officials from D’Iberville, South Mississippi are preparing a plan for the issuance of tax-increment financing bonds in order to support financially developers of the 18-story Scarlet Pearl Casino, which is to open doors by the end of the year. The city has been looking to the es ...
The Pennsylvania Gaming Control Board rejected on Wednesday Dunmore-based businessman Louis A. DeNaples’ bid to resume business with Mount Airy Casino Resort, located in Monroe County. Mr. DeNaples is in fact the founder of the said casino but relinquished his ownership rig ...
Universal Entertainment Corp., owned by Japanese businessman Kazuo Okada, announced that it had issued a total of $600 million in bonds. The corporate notes have a 12% annual yield. In addition, they are due 2020.The Singapore-listed bonds were issued on August 25. The Japan ...
Kansas Crossing Casino officials announced that construction on the gambling property, which is to be located near Pittsburg in the southeastern part of the state, has ceased due to the legal hurdles it is currently facing.Confirmation that construction work has stopped was g ...
The Macau Gaming Inspection and Coordination Bureau posted information about the proceeds generated by the city’s 6 gambling operators in August. Revenue decreased 35.5% year-on-year to MOP18.6 billion. This was the fifteenth consecutive month when a drop in gaming revenue ...
Stockton University officials revealed on Monday that they have received a number of proposals for Atlantic City’s Showboat casino.Harvey Kesselman, Acting President of the university, pointed out in a statement that its board of trustees and senior leadership discussed ...
Macau posted a 26.4% drop in its gross domestic product for the three-month period ended June 30. This was the biggest decline in GDP in more than a decade.Macau officials attributed the considerable decrease to the city’s struggling gambling industry. Gross gaming reve ...
Philippine Senator Miriam Defensor Santiago called for the country’s Senate to look into reports that about 100 employees of integrated resort City of Dreams Manila are to be suspended due to considerable profit loss. Reportedly, Melco Crown Resorts Corporation, a Phili ...
A Hong Kong-based insurance broker revealed that all major Macau hotel and casino chains have been interested in the so-called specialist risk insurance as the number of abductions over gaming debts has been constantly increasing.Attractive insurance policies drew the attent ...
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