Colorful Icahn casino era in Atlantic City not quite overBy Press of Atlantic City - Editorial • May 13, 2018With the sale of the thriving Tropicana Atlantic City to Eldorado Resorts and a real estate trust, investor Carl Icahn appears to be ending nearly two decades of involvement in the city’s gambling industry. It has been quite a show…. [continue reading]
If the U.S. Supreme Court lets states legalize sports betting, media might make a wagerBy Phil Rosenthal, Chicago Tribune • May 12, 2018Keep an eye on the line. There’s potential action in the uncertainty. The U.S. Supreme Court could strike down federal restrictions on sports wagering outside of Nevada, and a decision in New Jersey’s suit against the NCAA might come down as soon… [continue reading]
Norway To Block Domains of International OperatorsBy Luke Haward, CDC Gaming Reports • May 11, 2018Notwithstanding opposition within the government itself, Norway’s parliament approved a set of new measures and regulations concerning gambling on Monday May 7th, which had been proposed back in April by a coalition of opposition parties. None of these laws make… [continue reading]
Are Georgia casinos worth a gamble for education?By George Mathis, The Atlanta Journal-Constitution • May 10, 2018Other than my daily commute on I-285, I’m not fond of gambling. Or am I? I buy a lottery ticket every week. For $2, it’s a cheap source of hope. The Georgia Lottery provides a more practical type of HOPE… [continue reading]
Macau is becoming a Rest Stop on the Great Silk RoadBy Ken Adams, CDC Gaming Reports • May 10, 2018It is earnings season again and the casino reports from Macau are good. Wynn, Sands, MGM, SJM and Melco all reported double digit increases in revenues and profits for the first quarter. The total gaming win for the city was… [continue reading]
What happens if New Jersey loses the Supreme Court sports betting case?By Brett Smiley, SportsHandle.com • May 9, 2018The prevailing belief is that the United States Supreme Court — sometime before the end of its term in June — will rule in favor of New Jersey and eliminate Congress’ 1992 law banning full-fledged sports wagering outside Nevada. The… [continue reading]
Mississippi’s gambling story unfolds as Gaming Hall of Fame inducts initial groupBy Nick Sortal, CDC Gaming Reports • May 8, 2018A legislator persuades his peers to follow Nevada and New Jersey in legalizing gambling in Mississippi. Developers use their knowledge to construct gaming facilities that will attract visitors for the long haul. Executives with Las Vegas experience see the value… [continue reading]
Place your bets on Japan’s great casino investment narrativeBy Leo Lewis, Financial Times • May 8, 2018For nearly two decades from the mid-1990s, Tokyo-listed Tanseisha was more or less dead to investors. Who, in a land of deflation and downsizing, would bet on a specialist designer of museums, trade shows, luxury hotels and high-end boutiques? Since… [continue reading]
Why excessive tax is no solution to Kenya’s gambling problemBy Toddy Thairu, Business Daily • May 8, 2018It is barely four months after the coming into force of the 35 per cent tax on gaming revenue, and the Treasury is proposing new tax changes in the gambling industry. This is through the Tax Laws (Amendment) Bill, 2018… [continue reading]
It’s time to rethink VegasBy Nikki Ekstein and Kate Krader, Bloomberg • May 8, 2018The Las Vegas you know and love (or hate) is in the midst of a reinvention. More than $5 billion worth of construction investment has poured into “Sin City” recently-resulting in such flashy ribbon-cuttings as the $375 million T-Mobile arena… [continue reading]
Why Japan’s gamble on casinos and Chinese tourists won’t fix its ‘tourism pollution’ problemBy Mercedes Hutton, South China Morning Post • May 8, 2018Japan has a problem with pollution, and it does not relate to issues of waste disposal. Rather, the rising numbers of visitors from afar have led to tourists themselves being viewed as pollutants, according to a May 5 article in… [continue reading]
Good vibrations: It’s time to market inspirational speakers in the casino-resort industryBy John L. Smith, CDC Gaming Reports • May 7, 2018It came from an unlikely place, but I take inspiration wherever I find it. And earlier this month I found it in abundance in the gymnasium at Pahrump Valley High School approximately 60 miles from the lights of the Las… [continue reading]
The changing patterns in casino and gamblingBy Carmen N. Pedrosa, The Philippine Star • May 6, 2018I was in Macau recently to look at the premises of Galaxy. Since there are different interpretations of what it is I feel obliged to give an eyewitness report. The Galaxy Macau is hardly a billionaires’ playground. It is a… [continue reading]
Relax, you’re in Las VegasBy Juliet Pennington, Boston Globe • May 6, 2018For many people, being suspended 550 feet off the ground in a glass-enclosed pod would produce a state of panic, but for me it brought on a state of zen. Of course, the soothing music being piped into my headset… [continue reading]
Team Trump Aided Harbinger Founder Falcone’s Vietnam Casino — And That’s NormalBy Muhammad Cohen, Forbes • May 4, 2018Investigative journalism group ProPublica reports links between Donald Trump and Philip Falcone, principal owner of The Grand- Ho Tram casino resort in Vietnam, two hours south of commercial capital Ho Chi Minh City. The story suggests that the Trump administration… [continue reading]
The Gambling Compliance Global Regulatory Awards Ceremony, and Why It MattersBy Luke Haward, CDC Gaming Reports • May 3, 2018Gambling Compliance landed a great representative from the gaming world to present the awards at their second Global Regulatory Awards Ceremony in April, that being poker’s (and the BBC’s, and the Observer’s) Victoria Coren Mitchell, who is perhaps most famous… [continue reading]
FOBTs: where on Earth did they come from? And why?By Andrew Tottenham, Managing Director, Tottenham & Co • May 3, 2018As most of you may know, the long-awaited decision on whether to cut the maximum bet on Fixed Odds Betting Terminals (FOBTs) has been pushed back again. Some of you, though, may well be asking: what, exactly, are these FOBTs,… [continue reading]
Pachinko: Japan’s Unlucky LoserBy Muhammad Cohen, Inside Asian Gaming • May 2, 2018Japan won’t open its first integrated resort for years, if ever, but the IRs already have their first loser, the country’s unique and ubiquitous pachinko business. Pachinko has become the target of efforts to combat problem gambling. That’s kicking an… [continue reading]
Chalk up another victory for both Disney and the SeminolesBy Nick Sortal, CDC Gaming Reports • May 1, 2018The titan of Florida tourism and the titan of Florida gambling just notched another victory. The collective muscle of Disney and the Seminole Tribe of Florida again proved too strong for those lobbying for casino expansion in the Sunshine State…. [continue reading]
Caesars in Dubai: A Camel’s Nose under the Tent?By Ken Adams, CDC Gaming Reports • May 1, 2018Eldorado Resorts, Boyd and Penn National are extending their footprints across the nation at every new opportunity. But for the next tier up, the mega-casino companies – Caesars, Wynn, Sands and MGM – there are not enough of those opportunities… [continue reading]
Battle-scarred Wynn Resorts tries to keep its chin up and move forwardBy John L. Smith, CDC Gaming Reports • April 30, 2018It’s a question many in the gaming industry must be asking, if only privately: Given the tumultuous start of 2018, how does the troubled powerhouse Wynn Resorts keep focused on the business at hand? The departure of its co-founder and… [continue reading]
The FOBT Hubbub Rolls OnBy Luke Haward, CDC Gaming Reports • April 30, 2018The national press in the UK have been all over the FOBT news for a good long while now, but the furore amped up this week, with a lot of back and forth coverage. First, there was news of a… [continue reading]
Will Mississippi have sports wagering in casinos by football season? Don’t bet against itBy Geoff Pender, The Clarion-Ledger • April 29, 2018While state leaders continue their decades-old hemming and hawing over a lottery, folks could be legally betting on sports and horse racing in Mississippi casinos by this coming football season. The U.S. Supreme Court is expected to rule as early… [continue reading]
With the Supreme Court’s pending sports gambling decision, states are already prepping for legalizationBy Jennifer Roberts, UNLV • April 27, 2018The gambling world is waiting with bated breath for the United States Supreme Court decision that could result in an expansion of sports betting. The decision could be announced anytime between today and the end of June. Since I teach… [continue reading]
The Derby’s just around the corner. How lucky are you?By Bernard Kroviak, CDC Gaming Reports • April 27, 2018Luck is broadly defined as “the experience of notable positive, negative, or improbable events… occurring through chance rather than one’s own actions.” These events seem to happen all the time in one’s life, and they can be random or non-random…. [continue reading]
