Events & Reports

Relaxed Macau Visa Rules Not Enough to Save Casino Industry

by July 5, 2015

It was announced a few days ago that Chinese citizens would be allowed to stay in Macau up to 7 days instead of just 5. The new transit visa policy became effective on Wednesday, July 1. However, prominent gambling experts believe that it would have only a limited effect on the i ...

Tsogo Sun and Sun International Cancel Casino Deal

by July 4, 2015

Tsogo Sun Holdings, a major South African hotel and casino operator, announced on Friday that it had canceled its plans to purchase a minority stake in two casinos operated by rival Sun International.The R2.1 million acquisition deal was first announced in May 2014. Back then ...

Marina Bay Sands to Invest in Thailand Casino

by July 3, 2015

Marina Bay Sands Pte Ltd., the company that operates Marina Bay Sands, one of Singapore’s flagship integrated resorts, has expressed interest in launching a gambling venue and convention complex in Thailand.Krist Boo, Vice President for Communications for the company, t ...

North Jersey Casinos Not Likely to Be Voted on This Year

by July 3, 2015

According to the latest information, a question about the recently announced proposal for the construction of casinos outside Atlantic City is not likely to be included in this November’s ballot.The bill, which is sponsored by Assemblyman Ralph Caputo, calls for the est ...

Cherry AB Acquires 71% Stake in Almor Holding

by July 2, 2015

Swedish gambling operator Cherry AB (plc) announced that that it had purchased a 71% stake in Malta-based online casino company Almor Holding Limited. The acquisition is effective as of July 1 and the latter company will be consolidated within Cherry’s accounts.The 71% ...

Cherokee Casino & Hotel Roland Hosts Ribbon-Cutting Ceremony

by July 2, 2015

Cherokee Casino & Hotel Roland in the town of Roland, Oklahoma officially opened doors on Wednesday, July 1. The property is the eighth gambling venue owned and managed by the Cherokee Nation. The Wednesday ribbon-cutting ceremony was attended by Roland residents, tribal ...

Binghamton Officials Support Casino Proposal

by July 1, 2015

Binghamton City Council members approved late on Tuesday the city’s application for the sole Southern Tier casino license that would allow it to host a new gambling venue.As previously reported, the New York State Gaming Commission is to award a casino license for the S ...

Macau Casino Revenue Down 36.2% YoY in June

by July 1, 2015

Macau’s Gaming Inspection and Coordination Bureau released information about the gambling revenue generated by the city’s six casino operators in June. It dropped 36.2% year-on-year to MOP17.4 billion compared to the MOP27.22 billion reported in June 2014.Revenue at Asi ...

Maine Harness Racing Industry Representatives Call for New Casino

by June 30, 2015

Gambling debates in Maine might be renewed later today, after a bill that would have authorized the launch of a racetrack and casino venue in the southern part of the state was rejected by the Senate last week.Gambling supporters gathered together on Monday to urge the state ...

New Jersey Bankruptcy Judge to Approve Revel Liquidation Plan

by June 30, 2015

Judge Michael Kaplan of the Trenton Bankruptcy Court said on Monday that he would give his approval for the liquidation plan that would bring the shuttered Revel casino in Atlantic City out of its Chapter 11 bankruptcy protection. According to Judge Kaplan, this would hopefully c ...

Betsson Buys Georgia-Based Operator Europe-Bet

by June 29, 2015

Betsson AB, a Swedish gambling operator, announced earlier today that it is to purchase Georgia-based privately-owned gaming company Europe-Bet. The latter entity is holding a Georgian license and is targeting the country’s regulated market, as it presents similar condition ...

Trump Entertainment Files Deed Restriction for Shuttered Trump Plaza

by June 29, 2015

Trump Entertainment Resorts, owner of Atlantic City’s Trump Plaza casino, which was shuttered in September 2014, announced that it would keep it closed for the next decade or so in an attempt to avoid higher taxes.The gambling operator submitted a deed restriction for i ...

MGM Springfield Delay to Benefit Latest Connecticut Casino Proposal

by June 28, 2015

Gambling operator MGM Resorts submitted a few days ago a new construction schedule for its $800-million casino project in Springfield. The developer asked the Massachusetts Gaming Commission for a permission to postpone the opening of the gaming property to September 2018. Follow ...

Pittsburgh Mayor to Bring Casino Proceeds Dispute to Court

by June 27, 2015

Bill Peduto, Mayor of Pittsburgh, said on Friday that he would start legal proceedings against the Intergovernmental Cooperation Authority (ICA), unless it releases the amount of $11.4 million in casino money by the end of June.Generally speaking, the ICA is in charge of the ...

Former Macau Junket Shareholder Faces Money Laundering Charges

by June 26, 2015

Prominent Macau junket figure Cheung Chi-tai has been put under arrest after a lengthy money laundering investigation. Mr. Cheung has been suspected of laundering about HK$1.8 billion (US$232.2 million) via his bank accounts in Hong Kong.Mr. Cheung is known to have been a maj ...