A New Jersey Superior Court Judge is set to rule in July on the constitutionality of the PILOT program that exempts Atlantic City’s seven operational casinos from property taxes in exchange for collective annual payments of $120 million.The so-called PILOT law was introduced ...
Estonian gambling operator Olympic Entertainment Group (OEG) today announced that it has finalized the liquidation of Olympic Casino Bel IP, known to be its Belarusian subsidiary.The company explained in a short statement on its website that the liquidation came as part of th ...
Melco Resorts & Entertainment Ltd. owner Lawrence Ho told Bloomberg that the ideal scenario for his company would be to be allowed to build an integrated resort in Osaka, in case it wins one of the two Japanese casino licenses to be issued by the country’s government.The ...
The South African Trade and Industry Department revealed that it has confiscated around R1.25 million (approximately $100,000) in illegal online gambling winnings.Gambling services in the country must be provided in full compliance with the National Gambling Act of 2004. Und ...
The Spanish Supreme Court ruled earlier this week in favor of gambling operator Codere in a lawsuit against PokerStars dating back from 2011.Founded in 1980, Codere is one of Spain’s longest running and largest gambling operators with both land-based and online operati ...
Hard Rock International has increased planned investment for the redevelopment of the former Trump Taj Mahal casino resort in Atlantic City, CEO Jim Allen revealed at the recently held East Coast Gaming Congress.The internationally recognized owner of themed cafés, restaurant ...
The Malta Gaming Authority responded on Thursday to recent media coverage in relation to allegations that it had failed to monitor online gambling operations by its licensees for suspicious activity in accordance with its own principles.Reuters reported on Monday citing a fo ...
New York real estate developer Jeff Gural said at the East Coast Gaming Congress that he has remained optimistic about the eventual construction of a Las Vegas-style casino resort in North Jersey.The 21st annual East Coast Gaming Congress took place on May 24-25 at Harrah’s ...
Acting US Solicitor General Jeffrey Wall advised the Supreme Court to refuse action on New Jersey’s sports betting case. The Solicitor General’s recommendation may put an end to the state’s long-time effort to add betting options to its racetracks and Atlantic City casinos in a b ...
Trump Taj Mahal casino in Atlantic City was found out to have violated anti-money laundering regulations more than 100 times during the first and a half year after being launched in April 1990, CNN reported.Dubbed the eighth wonder of the world, the gambling resort opened do ...
Australian casino operator Crown Resorts has undertaken another move to dispose of its international assets, local media has reported. The company, led by billionaire James Packer, is selling a Las Vegas Boulevard parcel, previously planned to be developed into a luxury casino re ...
Hotel and casino operator Caesars Entertainment Corp. will aim for further Strip development, geographical expansion, and M&A opportunities when it emerges from bankruptcy, CEO Mark Frissora said in a recent interview with Bloomberg TV.Caesars has embarked on a lengthy j ...
Illinois Senate lawmakers approved earlier this week a bill that provides for the construction of up to six land-based casinos across the state. The proposed legislation is now headed to the House.Sponsored by Sen. Dave Syverson, the bill’s potential signing into law is proj ...
The Florida Supreme Court ruled on Thursday that county referendums on whether pari-mutuels can or cannot add slot machines can only be held after state approval. The decision closed the door to a long-time effort that could have resulted in a massive slots expansion across the s ...
The Cypriot government approved earlier today the casino license deal that will allow the Melco-Hard Rock consortium to build a €500-million integrated resort in the city of Limassol and four other gambling venues in the capital Nicosia, and the Larnaca, Famagusta, and Paphos dis ...
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