By Tomas Medon Wynn Resorts to Drop ‘Wynn’ Name from Boston CasinoApril 30, 2018 Following sexual abuse allegations filed against Steve Wynn, its founder, and former CEO, Wynn Resorts Ltd. on Friday proposed that its planned $2.5 billion Boston, Massachusetts casino be renamed to Encore Boston Harbor. The announcement was made by Matt Maddox, the company’s current CEO at a hearing before the Massachusetts Gaming Commission. Maddox has always […]
By Alexander Palmer Crown Casino Fined for Manipulation of Its Slot MachinesApril 27, 2018 James Parker-owned Crown Resorts Limited has been fined $300,000 by the Victorian Commission for Gambling and Liquor Regulation for failing to notify the commission of a trial the casino ran on some its gambling machines between March and April last year. The allegations against the casino pointed out that it had tampered with the slot […]
By Ameana Jones Stars Group to Acquire Sky Betting & Gaming for 4.7 BillionApril 23, 2018 Online poker behemoth Stars Group Inc. has inked a deal to purchase UK-focused operator Sky Betting & Gaming for $4.7 billion, a move that will make it the biggest publicly listed online gaming operator. Sky, which owned 20 percent of Sky Betting & Gaming will receive £145 million for its remaining stake in the company. […]
By Elaine West Hard Rock Hotel & Casino Atlantic City to Open on June 28April 20, 2018 Atlantic City has seen five devastating closures of popular casinos since 2014 but the state is about to get back its groove when Hard Rock Atlantic City goes live on June 28 in the totally renovated former Trump Taj Mahal on the Boardwalk. The opening date and a number of exciting concert headliners were officially […]
By Tomas Medon Sweden to Introduce New Online Gambling Regulation MeasuresApril 16, 2018 A couple of weeks ago, the Swedish government proposed that the state gambling monopoly should largely by substituted by a licensing system. This move was primarily meant to give the government an opportunity to rein in on off-shore online gambling that has escalated in recent years. The online gambling surge has gradually eroded the country’s […]
By Alexander Palmer Macau Gambling Tycoon Stanley Ho to Retire from SJM HoldingsApril 13, 2018 Stanley Ho, the 96-year-old Macau casino tycoon and billionaire will be retiring as the chairman and executive director of SJM Holdings after a June 12 shareholders meeting. This announcement was made in a Thursday statement that was issued to the Hong Kong stock exchange. The statement further confirmed that Ho will become chairman emeritus after […]
By Ameana Jones MGM May Be Interested in Buying Casino Rival Wynn ResortsApril 9, 2018 According to recent to a recent Bloomberg report, Wynn Resorts Ltd.’s new CEO, Matt Maddox has been part of informal talks about selling the company’s Massachusetts casino which is still under construction. This is yet to be officially confirmed as Michael Weaver, Wynn Resorts’ spokesperson, refused to comment on the sale. This news corresponds to […]
By Elaine West NetEnt Signs Supply Deal with Hard Rock Hotel & CasinoApril 6, 2018 Renowned digital casino solutions provider, NetEnt, has signed a deal with Atlantic City’s Hard Rock Hotel & Casino. The company’s NetEnt Americas LLC subsidiary will be overseeing the partnership with Hard Rock. This new deal gives NetEnt AB the opportunity to extend its already significant presence in New Jersey’s regulated online casino market. As such, […]
By Tomas Medon Richard Branson Buys Las Vegas’ Hard Rock Casino and HotelApril 2, 2018 Richard Branson, one of the world’s most flamboyant businessmen is venturing into the casino business. As stated in an official announcement last Friday, Branson and some of his partners are now the new proud owners of Las Vegas’ Hard Rock Hotel and Casino. Branson’s partners include Los Angeles-based investment firm Juniper Capital Partners, Toronto real […]