Caesars Entertainment Corp. has been making the headlines recently and it seems like the setbacks the company is experiencing are not going to end anytime soon.Lenders of Caesars have just informed the media that the company failed in reaching an agreement with the senior bon ...
Trump Taj Mahal’s executives claim that the main casino workers’ union in Atlantic City refused to sign a deal that would have saved the casino from closure and would have prevented its 3,000 employees from losing their jobs.Yesterday, December 11, Bob Griffin, ch ...
Not long ago, New Jersey authorities announced that they will provide the struggling Atlantic City-based casinos with a tax relief also known as the collective tax payment. The news was well received by most casino owners but executives of one of the venues stated that the new bi ...
It has just been announced that officers of the Royal Canadian Mounted Police (RCMP) and the Autorité des Marchés Financiers (AMF) raided the headquarters of Montreal-based Amaya Gaming. It also seems that the police paid unexpected visits to two of Canada’s best known prov ...
According to people, familiar with the Norwegian gambling affairs, authorities’ intention to make the existing rules and regulations, concerning live poker, less strict, are not going to lead to the desired results.Gambling regulators aimed at liberalizing the online ga ...
Earlier this week, it was announced that the Illinois Lottery and its operator Northstar Lottery Group have decided to part ways. The reason for their split is the fact that the company has failed to generate the expected revenue for more than three years. The termination agreeme ...
The state of California has been making attempts to legalize the online poker activities as soon as possible and local authorities kept announcing that they are doing their best to accelerate the legislation process.Meanwhile, executives of the Iipay Nation of Santa Ysabel, ...
Today, 250 residents of Springfield are expected to attend a special session at which construction information about MGM’s casino project will be revealed. The event is set to begin at 8 a.m., local time.The session is starting with a special presentation, during which ...
A State Senator of New Jersey has just proposed a new bill with the aim of ensuring that all employees who used to work for casino venues that are no longer on the local gambling market, have additional qualifications that would be helpful when it comes to finding a new job.Y ...
World-famous operator of integrated resorts Global Gaming Asset Management (GGAM) announced that it was allowed to sell its shares in the Philippine-listed Bloomberry Resorts Corp.Earlier today, Bloomberry stated in a special filing to the Philippine Stock Exchange that the r ...
It is a well known fact that Massachusetts gaming regulators have put forward the idea of setting a “spending limit” when it became clear that soon the state will have its casinos established.The proposal was subject to heated debates and the casino investors disagreed with i ...
A snap election will be held in Japan on Sunday. Apart from the fact that Japanese people will cast their votes for the economic reforms that Prime Minister Shinzo Abe proposed, they will also be asked to state their opinion on legalization of casinos in the country. It turns out ...
Over the last couple of weeks, Peter Howitt, the CEO of Gibraltar Betting and Gaming Association, played a key role in the online gambling affairs in the United Kingdom.The so called Point of Consumption tax has largely affected the gambling operators, available at the local ...
Cristino Naguiat, CEO of the Philippine Amusement and Gaming Corporation, stated that the local gaming regulator will not issue any casino licenses over the following eighteen months.In other words, no gaming operator will be allowed to commence the construction of a gambling ...
Lakes Entertainment Inc., a major investor in Rock Ohio Ventures, stated that its $21-million investment proved to be of little worth. The company, headquartered in Minnesota, based its argument on the relatively poor financial performance of Horseshoe Casino Cleveland and the re ...
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