Business
April 4, 2023
Charlie Munger Says Gambling on Stock Market Impossible to Fix
Charlie Munger, Warren Buffet’s faithful lieutenant, has often been critical of anything that defies the stock market’s conventional logic. The COVID-19 market brought around a buzz among investors who splurged on anything but traditional stock and with this – they unlocked a torrent of criticism. Stock Market Proves as Addictive as Gambling Even when investors […]
Casino
April 4, 2023
Californian Theft Leaves Bankers Casino Short of $95,000
Salinas police reported the case which took place on Sunday morning and was not noticed until after the employee in charge of cash noticed the discrepancy between the money present and the money reported. The theft was immediately signaled to the police, which arrived on the scene. Upon scrutinizing video surveillance, authorities found out that […]
Casino
April 3, 2023
The Cowlitz Tribe May Dump the Mohegan from Ilani Casino Resort
The owner of Ilani Casino Resort in Ridgefield, Washington, the Cowlitz Indian Tribe, is considering cutting ties with its casino management partner, the business arm of the Mohegan Tribe, Mohegan Gaming & Entertainment. Sizeable Management Fee The Cowlitz Tribe opened its Ilani Casino Resort in 2017 and since the first day of operation, the casino […]
Casino
April 3, 2023
Star Sydney CEO Resigns at a Crucial Time for the Embattled Casino
Wharton’s decision to leave Star leaves the operator leaderless amidst ongoing anti-money laundering reforms, up to $1 billion in fines, several lawsuits, and a potential tax hike on the horizon. As the person responsible for restoring order and compliance to the struggling casino, his departure has caused substantial concern among regulators. However, Star Entertainment CEO […]
Casino
April 3, 2023
The Crown Melbourne To Enforce Mandatory Breaks for Patrons
The Victorian government has joined Western Australia in its efforts to minimize gambling harm at the troubled Crown Casino. The Royal Commission recently recommended betting and time limits for Crown Perth in Western Australia, and authorities in Victoria have already mandated similar measures for the operator’s Melbourne branch. Patrons must take mandatory breaks every few […]
Industry
April 3, 2023
New Levy Proposed on UK Gambling Firms to Fund NHS Addiction Treatment
Daily Mail and Daily Express reported that the UK Government is planning to introduce a new levy on gambling companies to fund treatment programs for those addicted to gambling, with the proceeds being directed toward the National Health Service (NHS). Proposed New Levy to Prevent Firms from Exploiting Loopholes in Gambling Contributions The proposed new […]
Casino
April 3, 2023
Woman Refuses to Leave Slot and Pees on Casino Floor
Many people believe in succeeding with the help of good luck. Some engage in good luck rituals, others make a wish when a clock shows the same number three or four times. But then there are some that believe that good luck can be lost and they need to hold on to it. This is […]
Casino
April 3, 2023
Former Doctor with Gambling Addiction Regains Medical License
North Wales Live reported that after the medical tribunal panel concluded that Dr Aled Jones had gained adequate insight into his conviction, he was reinstated to the medical register following an 18-month suspension. Medical Tribunal Panel Lifts Suspension of Dr Jones After Extensive Remediation The medical tribunal panel acknowledged that Dr Jones had received two […]
Casino
April 3, 2023
Deutsche Bank Upbeat about Wynn Prospects
Deutsche Bank analyst Carlo Santarelli has defied expectations for the casino resorts sector, posting an upbeat outlook for Wynn Resorts. According to Santarelli, Wynn’s shares will soar. Wynn Resorts Is Gathering Financial Momentum He bases this outlook on several main factors that are going to drive an upsurge in the company’s stock over the next […]
Legal
March 31, 2023
VDACS Regulates Charitable Bingo and Texas Hold’em Games
The state’s Department of Agriculture and Consumer Services (VDACS) is the most recent agency to join the list of current agencies regulating gambling in the Old Dominion. By giving the green light to electronic bingo and Texas Hold’em games played for charity purposes, the department will oversee the exact percentage of the money played will […]
