Caesars Disputes Transfer Fee for $1.7-Billion Indiana Casino Acquisition Deal

Caesars Disputes Transfer Fee for $1.7-Billion Indiana Casino Acquisition Deal

by March 13, 2018

Las Vegas casino giant Caesars Entertainment Corp. has threatened to abandon a $90-million casino project in Indiana, if the state’s gaming regulator decides that a $50-million transfer fee applies to the operator’s acquisition of Centaur Gaming LLC.Late last year, the major ...

Italy Should Stick to Its Poker Liquidity Commitment, Pier Paolo Baretta Says

Italy Should Stick to Its Poker Liquidity Commitment, Pier Paolo Baretta Says

by March 11, 2018

Italy should apply the terms of the shared online poker liquidity agreement it signed with France, Spain, and Portugal last summer in Rome, Pier Paolo Baretta, the outgoing Undersecretary of State at the Italian Finance Ministry, said earlier this week in an interview with local ...

Paddy Power Founder Calls for New Measures in Fight against Problem Gambling

Paddy Power Founder Calls for New Measures in Fight against Problem Gambling

by March 10, 2018

Stewart Kenny, co-founder and former CEO of Irish bookmaker Paddy Power (now Paddy Power Betfair), has thrown criticism at the company and the whole industry for responding poorly to the growing issue of problem gambling, The Times reported.Mr. Kenny, who stepped down as CEO ...

Online Sports Betting and Casino Dominate Sweden’s Unregulated Gambling Market

Online Sports Betting and Casino Dominate Sweden’s Unregulated Gambling Market

by March 9, 2018

Online sports betting has been holding the largest share in Sweden’s unregulated online gambling market over the past decade, according to recent data from H2 Gambling Capital and Lotteriinspektionen, the local gambling regulator.However, while revenue from unregulated sport ...

Construction of A$3-Billion Brisbane Casino Resort Officially Under Way

Construction of A$3-Billion Brisbane Casino Resort Officially Under Way

by March 9, 2018

Construction work on the A$3-billion Queen’s Wharf Brisbane integrated resort began officially on Thursday when Queensland Premier Annastacia Palaszczuk turned the first sod. The property, which will feature hotels, a casino as well as multiple food and beverage and entertainment ...

Caesars Supports Sweeping Gambling Overhaul in Brazil

Caesars Supports Sweeping Gambling Overhaul in Brazil

by March 7, 2018

Representatives for Las Vegas casino operator Caesars Entertainment Corp. met with Brazilian politicians on Tuesday to discuss the state of Brazil’s tourism industry and what reforms would be needed to boost the country’s economy, local news outlets reported.The Caesars repr ...

GVC Acquires Majority Stake in Leading Georgian Gambling Operator

GVC Acquires Majority Stake in Leading Georgian Gambling Operator

by March 6, 2018

Isle of Man-based online gambling operator GVC Holdings has extended its push into regulated markets with another acquisition deal. The company confirmed Monday that it would buy a majority stake in Georgian online gambling operator Crystalbet.Under the terms of the deal, GV ...

CrownBet Buys William Hill’s Ailing Australian Gambling Business

CrownBet Buys William Hill’s Ailing Australian Gambling Business

by March 6, 2018

CrownBet has won the race for the Australian business of William Hill, the British bookmaker confirmed today. CrownBet and a group of shareholders, including the sports betting operator’s founder Matthew Tripp, would buy William Hill’s Australian division at an enterprise value o ...

Latest Events from Europe’s Gambling Regulatory Scene

Latest Events from Europe’s Gambling Regulatory Scene

by March 5, 2018

Europe’s gambling regulatory scene has been very dynamic over the past several months, as some countries are crafting their new regulations, while others are struggling with the consequences of adopting regulations that had been frowned upon by EU authorities.The follow ...

Poker Tournaments Starting March 5-11

Poker Tournaments Starting March 5-11

by March 5, 2018

This week’s major poker events include exciting festivals in Europe, South Africa, and the United States. The WPTDeepStacks series will kick off two stops on its 2018 schedule over the next two days, the WSOP Circuit will travel to Atlantic City, where it would hand gold ri ...

New Bidders Emerge for Springfield Riverfront Area Renovation ahead of Casino Opening

New Bidders Emerge for Springfield Riverfront Area Renovation ahead of Casino Opening

by March 2, 2018

A sixth bidder for the renovation of Springfield’s Riverfront Park has emerged, Massachusetts news outlet MassLive reported earlier today. Agawam-based company JL Construction has submitted a $2.418-million base bid for the project, the lowest one presented by the Wednesday deadl ...

Race for William Hill’s Australian Betting Business Narrowed to Two Bidders

Race for William Hill’s Australian Betting Business Narrowed to Two Bidders

by March 2, 2018

Two bidders for William Hill Australia have been granted due diligence access to the business, the Australian Financial Review has reported citing unnamed sources familiar with the matter.British bookmaker William Hill announced in January that it had decided to review its u ...

Florida’s 2018 Senate Gambling Bill Up for Consideration in Appropriations Committee

Florida’s 2018 Senate Gambling Bill Up for Consideration in Appropriations Committee

by March 2, 2018

This year’s Florida Senate gambling bill is set to be brought up for consideration by the Appropriations Committee today. The piece of legislation provides for a certain level of gambling expansion within the state, but unlike previous years, it approaches the matter in a more mo ...

Churchill Downs Buys Casinos in Pennsylvania and Mississippi to Expand US Presence

Churchill Downs Buys Casinos in Pennsylvania and Mississippi to Expand US Presence

by March 1, 2018

Kentucky-headquartered casino operator Churchill Downs Incorporated announced on Wednesday that it would expand its footprint across the United States through the acquisition of Presque Isle Downs & Casino in Eerie, Pennsylvania and Lady Luck Casino in Vicksburg, Mississippi ...

MGA Denies Former Employee Retaliation Claims

MGA Denies Former Employee Retaliation Claims

by March 1, 2018

The Malta Gaming Authority rejected earlier today the recently emerged claims that it has subjected a former employee to retaliation in relation to allegations made by said employee of improper practices adopted by the regulator body.Valery Atanasov, a Bulgarian national, ha ...