Casino Boss Steve Wynn Receives No Money in Termination Deal, Keeps Stake in Wynn Resorts

Casino Boss Steve Wynn Receives No Money in Termination Deal, Keeps Stake in Wynn Resorts

by February 18, 2018

Las Vegas businessman Steve Wynn will not receive any severance or compensation after his resignation from casino operator Wynn Resorts amid multiple allegations of sexual misconduct, according to a termination agreement filed to the US Securities and Exchange Commission and rele ...

Portugal Publishes Poker Liquidity Technical Standards; PokerStars Anticipated to Admit Portuguese Players to Europe Network Soon

Portugal Publishes Poker Liquidity Technical Standards; PokerStars Anticipated to Admit Portuguese Players to Europe Network Soon

by February 17, 2018

Portugal’s technical standards framework on shared online poker liquidity (Regulamento n.º 115/2018) was published in the country’s Official Journal on Friday, February 16, local media reported. The publication of said framework means that there are no more regulatory ...

South Point Casino Aims to Catch the Wave of Las Vegas’ Recovery with $40-Million Renovation

South Point Casino Aims to Catch the Wave of Las Vegas’ Recovery with $40-Million Renovation

by February 16, 2018

South Point Hotel Casino & Spa has become the latest of a number of Las Vegas casino resorts to have undertaken multi-million renovation of its facilities at a time when the iconic gambling hub is trying to reinvent itself after its heavy crash during the Great Recession. ...

Harrah’s New Orleans Casino Pitches New Hotel Plan as Part of $350-Million Upgrade

Harrah’s New Orleans Casino Pitches New Hotel Plan as Part of $350-Million Upgrade

by February 15, 2018

Harrah’s New Orleans Casino announced Wednesday plans to build a second hotel at its existing site at New Orleans’ Canal Street. The addition of the facility will aim to meet growing demand for accommodation at Harrah’s.Local news outlet NOLA.com|The Times-Picayune reported ...

Norway’s Oil Fund Could Divest from Gambling Stocks amid Growing Opposition to Unregulated Gambling

Norway’s Oil Fund Could Divest from Gambling Stocks amid Growing Opposition to Unregulated Gambling

by February 15, 2018

Norway could divest its oil fund from gambling stocks, if a proposal from two opposition parties gains enough support in the Scandinavian country’s legislature, local business news outlet E24 reported on Wednesday.The Government Pension Fund of Norway was established back in ...

UK Gambling Commission Fines GVC Holdings for Misleading Free Bets Ads

UK Gambling Commission Fines GVC Holdings for Misleading Free Bets Ads

by February 14, 2018

GVC Holdings has become the latest UK-licensed gambling operator to be slapped a hefty financial penalty by the UK Gambling Commission for misleading advertising across its websites. A subsidiary of the Isle of Man-based company was imposed a £350,000 fine for repeated breaches o ...

Iconic Palms Casino Marquee Goes Down after 17-Year Run

Iconic Palms Casino Marquee Goes Down after 17-Year Run

by February 14, 2018

The marquee of the popular Palms Casino Resort near the Las Vegas Strip went down on Tuesday after a 17-year run. The sign went under deconstruction to be replaced with a fully digital one as part of the ongoing $485-million renovation of the iconic property.The sign went up ...

bet365 Reportedly Eyes William Hill’s Australian Gambling Business

bet365 Reportedly Eyes William Hill’s Australian Gambling Business

by February 13, 2018

Online gambling giant bet365 is considering the acquisition of the Australian business of its rival William Hill, local news outlet The Australian reported earlier today.Reports about bet365’s interest in expanding its operations in Australia even further surface shortly aft ...

Official Website for Melco’s Cyprus Casino Resort Goes Live

Official Website for Melco’s Cyprus Casino Resort Goes Live

by February 13, 2018

The Integrated Resorts Cyprus Consortium (IRCC) launched on Monday the official website of City of Dreams Mediterranean, the €550-million casino resort currently under development in the Republic of Cyprus.The website contains information about the project and future job opp ...

“Reimagined” Fontainebleau Casino Resort to Open Doors on North Las Vegas Strip in 2020

“Reimagined” Fontainebleau Casino Resort to Open Doors on North Las Vegas Strip in 2020

by February 12, 2018

The long overdue opening of the unfinished Fontainebleau Resort Las Vegas is now scheduled for 2020, the property’s owners announced today.The Fontainebleau was planned to be a hotel, casino, and convention complex on the Las Vegas Strip’s northern end. Work on what would ha ...

Myanmar Government Holds Talks to Legalize Casinos

Myanmar Government Holds Talks to Legalize Casinos

by February 11, 2018

Myanmar could soon legalize foreigners-only casinos to boost its tourism industry and create new sources for tax revenue, the country’s Union Minister for Hotels and Tourism, Ohn Maung, confirmed on Friday.The country’s Gambling Law was adopted in 1986 and under ...

Ladbrokes Coral Could Lay Off 1,600 Employees after GVC Takeover

Ladbrokes Coral Could Lay Off 1,600 Employees after GVC Takeover

by February 10, 2018

The proposed takeover of British bookmaker Ladbrokes Coral by Isle of Man-headquartered GVC Holdings could result in more than 1,600 employees of the combined entity losing their jobs, the two companies revealed in a new round of details about the deal.Ladbrokes and GVC expl ...

Las Vegas Casino Giants among Biggest Political Donors in Georgia

Las Vegas Casino Giants among Biggest Political Donors in Georgia

by February 9, 2018

Big casino companies, including Las Vegas giant MGM Resorts International, have been among the biggest donors to Georgia lawmakers, local news outlet Politically Georgia reported citing information from recently filed campaign disclosures.According to the information release ...

Manila Bank Threatens to Countersue Bangladesh Bank over $81-Million Heist

Manila Bank Threatens to Countersue Bangladesh Bank over $81-Million Heist

by February 9, 2018

Manila-headquartered Rizal Commercial Banking Corporation (RCBC) said on Thursday that it has been considering the possibility to countersue the Bangladesh Central Bank after the latter said that it would bring the Philippine bank to a New York court for its alleged involvement i ...

CMA to Assess Competition Impact from Ladbrokes Coral Takeover by GVC

CMA to Assess Competition Impact from Ladbrokes Coral Takeover by GVC

by February 8, 2018

The UK Competition and Markets Authority is set to review the proposed acquisition of major gambling operator Ladbrokes Coral by GVC Holdings. Local media reported that the watchdog will be accepting comments on the deal by February 21 and will announce its decision on April 6. ...