South Korean Crypto Exchange Faces Illegal Gambling and Money Laundering Charges

South Korean Crypto Exchange Faces Illegal Gambling and Money Laundering Charges

by June 7, 2018

A South Korean police department has confirmed that it would put forward recommendations for charging local cryptocurrency exchange CoinOne for offering margin trading services that actually constituted illegal gambling, CoinDesk reports citing Korean news outlet Yonhap.Sout ...

Gambling Giant GVC Rocked by Shareholder Revolt over CEO’s £18-Million Pay

Gambling Giant GVC Rocked by Shareholder Revolt over CEO’s £18-Million Pay

by June 7, 2018

GVC Holdings shareholders revolted against the pay packages for the company’s CEO Kenneth Alexander and Non-Executive Chairman Lee Feldman, among other executives, during its annual general meeting on Wednesday.Nearly 44% of the gambling operator’s investors voted down the r ...

Ocean Resort Casino to Offer Free Summer Parking as Part of June 28 Grand Opening Celebrations

Ocean Resort Casino to Offer Free Summer Parking as Part of June 28 Grand Opening Celebrations

by June 6, 2018

Ocean Resort Casino in Atlantic City will be offering free parking throughout the summer, the property announced Tuesday on its Twitter page. The former Revel casino resort is slated for June 28 grand opening, the same day when Hard Rock International is set to launch the renovat ...

Bloomberry to Expand Solaire Brand with Quezon City Casino Resort

Bloomberry to Expand Solaire Brand with Quezon City Casino Resort

by June 6, 2018

Philippine gaming and hospitality company Bloomberry Resorts Corporation confirmed plans to build a second integrated resort in the Metro Manila region as part of its strategy to capitalize on the Philippines’ booming tourism industry and growing mass segment in the north.Bl ...

Environmental Group Challenges Cyprus Casino Environmental Impact Review

Environmental Group Challenges Cyprus Casino Environmental Impact Review

by June 5, 2018

An environmental organization blasted Cypriot gaming regulators and authorities for giving the nod to the construction of the €550-million City of Dreams Mediterranean integrated resort without a proper assessment of the impact on nearby protected areas.In a statement on its ...

Norway’s New Gambling Regulations Now Submitted for EC Review

Norway’s New Gambling Regulations Now Submitted for EC Review

by June 5, 2018

Norway’s Ministry of Culture submitted on Monday a recently introduced a set of online gambling-focused regulations to the European Commission. The Commission will now have three months to review and reject or approve the measures.The Norwegian supreme legislature, the Stort ...

New ACT Gambling Tax to Take Effect in January 2019

New ACT Gambling Tax to Take Effect in January 2019

by June 5, 2018

The government of the Australian Capital Territory confirmed Tuesday the implementation of a 15% point of consumption tax on online betting services. The new taxation regime is set to come into force on January 1, 2019.The new tax was presented earlier today as part of ACT’s ...

Bloomberry Buys Solaire Resort & Casino Land for $710 Million

Bloomberry Buys Solaire Resort & Casino Land for $710 Million

by June 4, 2018

Philippine gaming and hospitality company Bloomberry Resorts Corporation announced today that it has completed the purchase of the portion of land where its Solaire Resort & Casino is located.The company, led by Philippine businessman Enrique Razon, paid the amount of PH ...

CrownBet Could Rebrand as Sportingbet after William Hill Australia Takeover

CrownBet Could Rebrand as Sportingbet after William Hill Australia Takeover

by June 1, 2018

Australian online sports betting operator CrownBet might rebrand as Sportingbet after buying William Hill’s Australian business, local news outlet The Australian reports. CrownBet was recently acquired by Canadian gambling giant The Stars Group, the parent company of online poker ...

Sands Casino Resort Bethlehem License Extended for Another Five Years

Sands Casino Resort Bethlehem License Extended for Another Five Years

by May 31, 2018

Sands Casino Resort Bethlehem, the smallest casino resort operated by gambling giant Las Vegas Sands, will have its license extended for five more years after members of the Pennsylvania Gaming Control Board approved the move unanimously this past Wednesday.The Northampton C ...

Hard Rock Announces $700-Million Tampa Casino Expansion

Hard Rock Announces $700-Million Tampa Casino Expansion

by May 31, 2018

Florida-based gaming and hospitality operator Hard Rock International unveiled Wednesday a massive $700-million expansion plan for its Tampa hotel and casino property. The expansion will include the addition of more gaming options, a new hotel tower, and multiple new entertainmen ...

Macau Legend’s Cape Verde Casino to Swing Its Doors Open in August

Macau Legend’s Cape Verde Casino to Swing Its Doors Open in August

by May 30, 2018

Part of Macau Legend’s $300-million casino resort in Cape Verde will open doors this August, CEO David Chow Kam Fai told local media earlier today after the company’s Annual General Meeting at the Legend Palace.Macau Legend will open a hotel and casino in the tiny northwest ...

Las Vegas Workers’ Unions Reveal Strikingly High Sexual Harassment Rates at City’s Casinos

Las Vegas Workers’ Unions Reveal Strikingly High Sexual Harassment Rates at City’s Casinos

by May 30, 2018

A survey commissioned by the Las Vegas Culinary Union found that 59% of all interviewed cocktail servers and 27% of all interviewed housekeepers have been harassed sexually by casino resorts guests, members of the management team or other individuals while at their workplace. ...

Trump Plaza Casino Demolition Postponed, Likely to Happen This Fall

Trump Plaza Casino Demolition Postponed, Likely to Happen This Fall

by May 30, 2018

The shuttered Trump Plaza casino resort in Atlantic City is not going be demolished anytime soon as the popular gaming hub is entering its tourism season, The Press of Atlantic City reports.The casino closed doors in the fall of 2014 and has remained vacated since then. It w ...

Illinois House to Discuss Gambling Expansion Deal, Springfield Developer Rekindles Downtown Casino Talks

Illinois House to Discuss Gambling Expansion Deal, Springfield Developer Rekindles Downtown Casino Talks

by May 27, 2018

A Springfield, Illinois developer has once again put forward a plan for the construction of a downtown casino and the addition of video gaming terminals at the state fairgrounds as House legislators are set to discuss a gambling expansion bill this Monday.It was on Friday wh ...