Last week, Massachusetts Attorney General Maura Healey recommended the implementation of certain provisions aimed at protecting state residents from spending considerable amounts at slot parlors and casinos. The Massachusetts Gaming Commission approved the adoption of these at a ...
Mere hours ago, it was announced that the new owner of the shuttered Atlantic City-based Revel Casino is Florida developer Glenn Straub. Mr. Straub acquired the property for a sum considerably smaller than the amount spent on Revel’s construction.Back in 2012, developer ...
Gaming software developer Playtech plc has inked a deal to purchase a majority stake in online forex trading platform TradeFX for the sum of €208 million ($224 million).Playtech is an Isle of Man-based supplier of betting, casino, and poker software, with major gambling opera ...
It was announced that the sale of Railroad Pass Casino has been completed and its new owner is real estate professional Joseph DeSimone. The former owner of the property was MGM Resorts International.Back in September 2014, MGM representatives revealed that such a deal is lik ...
A representative of the main lender of Revel commented on the several delays related to the sale of the shuttered casino and said that the bidders that have emerged during the last few weeks were not reliable enough.That is why Wells Fargo requested the court to sell the for ...
Las Vegas-headquartered developer of gaming content NYX Gaming Group Ltd. revealed that its NYX OGS™ casino will be added to NYX Poker. The announcement comes soon after the company finalized the deal for the acquisition of the so-called Ongame Poker Network.With the integrat ...
Century Downs Racetrack and Casino officially opened doors in the Canadian city of Calgary on April 1. The first horse races are set to begin on April 25.The venue is located not far from the Calgary International Airport and the CrossIron Mills mall, which is known to be one ...
Brockton officials announced that they want the Massachusetts Gaming Commission to take imminent actions towards approving one of the three proposals related to the casino establishment in Brockton, New Bedford or Somerset. They also demanded a license to be granted as soon as po ...
Atlantic City-based casinos have a few more hours to appeal their tax assessments for the current year. Borgata as well as the other casinos were given until 5 pm, April 1st, to file their petitions.According to estimates, casinos tax appeals cost the city the sum of $400 mi ...
Italian gaming company GTECH S.p.A. announced earlier today that all preconditions related to the completion of its merger with Nevada-based International Game Technology into International Game Technology PLC have been fulfilled.GTECH is currently among the world’s lea ...
Ohio Sen. Bill Coley argued that the state’s gambling venues have failed to deliver on the initially promised tax revenue and due to this, they need to have their non-taxable gaming credits capped or even nullified.Ohio’s gambling industry was legalized in 2009 af ...
During a meeting of the Schenectady Planning Commission, investors willing to establish a casino venue in the city provided more details about the design of the Rivers Casino & Resort. However, no imminent actions are expected to be taken before the fall.As previously rep ...
Businessman Carl Icahn said on Tuesday that work rules and benefit costs for members of the UNITE HERE Local 54 labor union were among the main reasons for the closure of four of Atlantic City’s twelve casinos.Mr. Icahn’s comments came only a day after Local 54 P ...
As previously reported, it is still uncertain whether Glenn Straub is to acquire the shuttered Revel casino or not because prominent real estate investors are expected to propose a bid higher than the $82 million offered by Mr. Straub.A court filing, submitted mere hours ago, ...
Leading betting companies insisted at a Monday press conference that gambling officials need take measures towards reducing the influence of OPAP and eventually ending its monopoly on the local gambling market.According to several prominent companies, the presence of OPAP has ...
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