A few days ago, investment analyst Cameron McKnight of New York-based Wells Fargo Securities LLC released a note suggesting that Galaxy Macau Phase 2A’s launch might be postponed to May 2015. Previously, it was announced that the gaming operator will complete its expansion ...
Gala Coral – a leading betting and gaming company in Europe, has recently inked a deal with M&G Investments and transferred the ownership of 47 bingo properties, located on the territory of the United Kingdom, to M&G.That has been the latest move taken by Gala officia ...
The implementation of the Point of Consumption Tax, which has severely affected all providers of gambling products and services on the territory of the United Kingdom, made the Isle of Man officials consider offering Double Duty Relief to all the 56 gambling operators.The cha ...
Chinese President Xi Jinping ended his two-day visit in Macau by reiterating his cautionary advice that the administrative region should try to boost its economy with activities that do not involve gambling. He also pointed out that Macau’s casino industry needs strict regu ...
Taj Mahal is supposed to stay open through the holidays and it will continue operating for an indefinite period of time in 2015.The closure of the venue was prevented as the billionaire Carl Icahn invested $20 million with the aim of keeping it open while the bankruptcy proce ...
The billionaire Tony Fung has officially acquired Casino Canberra for the sum of AUD6 million.Joy Burch, the ACT Gaming and Racing Minister, publicly revealed that the deal has finally been completed and Casinos Austria International is no longer in charge of Casino Canberra. ...
A few days ago, it was announced that Caesars Entertainment Corporation’s main operating unit is planning to file for Chapter 11 bankruptcy protection in the beginning of 2015. Thus, the gambling operator will be able to reduce its debt by more than a half.Currently, th ...
Fernando Chui Sai On, the CEO of Macau, announced that the government is about to start reviewing the local gambling sector at the beginning of spring.Chinese President Xi Jinping visited Macau last week and recommended the regulation and the supervision over the local gambli ...
Yesterday, casino and resort operator Las Vegas Sands Corp. announced that the government of Macau has given all the approvals that its subsidiary company Sands China Ltd. needed so as to complete its $2.7-billion project – a Paris-themed gambling venue called The Parisian.Sh ...
It was announced last month that Cyprus gaming authorities are looking for prospective investors to build a casino on the territory of the island. Now, it became clear that Cyprus relies on the new casino to bring decent revenues and help the tourism segment as well as the econom ...
The Oneida Indian Nation is about to open a spectacular casino in Chittenango. The project is supposed to be finished by the first quarter of 2015 and it is expected to be really successful and appealing to players.Yesterday, a representative of the Oneida Indian Nation confi ...
Andrew Cuomo, the current governor of New York, congratulated Schenectady for being one of the three places within the territory of the state where a new gambling venue is to be built. The Rivers Casino & Resort’s application was backed by the Gaming Facility Location B ...
Mike Wilson, the State Senator of Kentucky, has focused his efforts on prosecuting the online cybercafés that provide illegal gambling products and services on the territory of the state.According to the Senator, these cafes have a devastating impact on the charitable and vet ...
Four days ago, the popular platform Full Tilt surprised the UK-based players in a negative manner. It was announced that the reward points will be reduced by 20%.The reduction was said to be necessary due to the newly implemented gambling regulations the platform has to compl ...
Louisiana officials announced that there is a high probability for Harrah’s Casino revenueto be a subject to a considerable decrease within the next two years.The potential “leakage” was estimated to be approximately $104 million provided that New Orleans authorities im ...
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