Industry
August 29, 2022
Junket and Gaming Closures See Macau’s Unemployment Increase
The dismantlement of mass junket operations in Macau has had an expected consequence – an increase in overall unemployment. In the first months of the junket clampdown, former employees of those businesses reported that they had experienced a steep decline in their finances and were struggling to adapt and find new jobs. This is not […]
Legal
August 29, 2022
More Australian Casinos Face Investigation over Illegitimate Junket Schemes
The shocking revelations of the dubious business in Australia’s casinos resulting from the joint investigation of The Sydney Morning Herald, The Age and 60 Minutes continue. This time discrepancies around attracting Asian wealthy gamblers have been uncovered at Townsville’s The Ville and The Reef Hotel Casino in Cairns, which may lead to a probe from […]
Business
August 29, 2022
MGM Stock Remains a Buy Option for WSJ Analyst
Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]
Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]
Industry
August 29, 2022
Japan Casino Academy Shutters Amid Lack of Demand from Students
The flicking of cards and learning the basics of live casino etiquette will no longer be an option at the Japan Casino Academy, a professional school for croupiers which opened its doors in Japan in 2018 in anticipation of the arrival of Las Vegas-style casino resorts in the country. Student Enthusiasm Dries up Resulting in […]
Casino
August 29, 2022
Notorious Sex Trafficker’s Name logged in Nevada’s Black Book
Kendric Laronte Weatherspoon is hardly just an ordinary criminal. He’s hardly just your run-of-the-mill cheat either. Weatherspoon is the first person who is not affiliated with the Mafia, or hasn’t cheated extensively at a Las Vegas Casino, to be logged into Nevada’s “Black Book,” an almanac of individuals thought so despicable that they do not […]
Casino
August 26, 2022
Macau Unveils New Minimum Casino Revenue Threshold
Macau’s government has announced the new threshold for minimum revenue casino operators in the region must reach in 2023. The threshold is set to MOP$45.6 billion ($564 million) and it is similar to the 2022 levels. The chosen amount is considered fairly easy to reach and selected as a means of offering relief in the […]
Business
August 26, 2022
US Integrity Announces New Partnership with Thrill One
Provider of sports betting monitoring services US Integrity has announced one more in a line of partnership agreements it has made with various gaming companies and casinos, which offer sportsbooks. The firm’s latest agreement is with Thrill One Sports & Entertainment, which is going to launch sports wagering under its brand Nitro Rallycross. Thrill One […]
Casino
August 26, 2022
Canada: AGCO Grants Sports Interaction iGaming License
The Canadian gambling operator that offers sports wagering and online casino gambling, Sports Interaction, became the latest operator to receive an iGaming license from the gambling regulator in Ontario, a new report reveals. Sports Interaction Receives License from Ontario Gambling Regulator The gambling watchdog in the most populous Canadian province, Ontario, the Alcohol and Gaming […]
Casino
August 26, 2022
Lucky Winner Snatches $1M Jackpot at Seminole Casino Coconut Creek
A lucky player has hit the progressive jackpot on Dragon Link Golden Century at Seminole Casino Coconut Creek in Florida on Wednesday. According to the casino, the player won just under $1.1 million on a $25 spin. The Seminole Casino Has Paid Upwards of $600 Million in Winnings in 2022 This year has been quite […]
