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Macau Slot Co Ltd Sees !5% Loss In Profit, Despite Overall Rise In Revenue

Macau Slot Co Ltd, a Macau sports betting concessionaire, said in a summary it reportedly had a net profit of MOP1179 million (US$147million) for the entire year 2016, which was 148% less than its figure the previous year With the exceptions of horse race betting, the concessions of which are held by Macau Horse Racing Co Ltd, Macau Slot holds a..
9 years ago

OneCoin Under Heat From Another Three Countries

OneCoin Ponzi Scheme is under the radar of another three countries Vietnam, Norway and Belize are currently investigating the infamous Ponzi scheme that is still in full effect despite facing heat from the law enforcement agencies The very day that it rolled out, OneCoin should not have survived as it was obvious of how the company was fooling..
9 years ago

Malloy Approves The Bill Allowing The Native Tribes To Build The Third Casino In East Windsor

The Mashantucket Pequot and Mohegan tribal nations were authorised by Gov Dannel P Malloy on Tuesday to jointly develop the casino in East Windsor, which would compete with the MGM Resorts that are under construction at present in Springfield Malloy clarified that he signed the legislation keeping in mind the residents of Connecticut and securing..
9 years ago

King’s Casino Owner Sued By Matt Kirk Over Unpaid $2 Million Loan

Matt Kirk, popularly known as “Aussie Matt”, filed a lawsuit against Leon Tsoukernik, owner King’s Casino in Rozvadov, the Czech Republic, outside of Prague, over an unpaid loan of $2 million Allegedly Tsoukernik and Kirk were in a poker face off match at the Aria on May 27, where Tsoukernik running short on money asked about $3..
9 years ago

Malta Fails To Provide Legal Aid To Italy To Prosecute Online Gambling Site Linked To Mafia

In a quest to investigate the CebturionBet Ltd which operates online gambling Bet1128 casino brand, Italian prosecutor Nicola Gratteri asked formally from Malta to provide for legal assistance According to Gratteri, Malta has not responded to a single "letters of request" The company’s gaming licence was cancelled earlier this month by the..
9 years ago

Seventh Online Gambling Licence Given Out By Portuguese Gambling Regulator

The seventh licence for the provision of online gaming services was given out by the Portuguese gambling regulator, SRIJ (Serviço de Regulação e Inspeção de Jogos) on Monday to a Portuguese betting and casino company, Sociedade Figueira Praia The betting company under the Casino Portugal brand will provide its..
9 years ago

Asus Launches New Graphics Cards Aimed At Cryptocurrency Mining Market

Asus, Taiwan-based hardware manufacturer has announced the release of new graphics cards that are aimed at cryptocurrency mining market Although, Asus didn’t pitch out the cards as specifying them for cryptocurrency the release is certainly aimed at capturing the interest of the Ethereum miners, as cards are designed to handle the energy..
9 years ago

Online Poker Bill To Be Considered In Illinois House

A bill regarding the online casino games bill that cleared the Senate by a 42-10 vote about three weeks ago was sponsored in the House by Rep Michal Zalewski and in the legislative chamber by Senators Kwame Raoul, Dave Syverson, Steve Stadelman, Pat McGuire and Napoleon Harris The bill was to be discussed at a hearing by the Illinois lawmakers on..
9 years ago

MGM National Harbor Casino’s Opening Hits Blunt On Hollywood Casino Perryville’s Revenue

Things have not been so good ever since the opening of the MGM National Harbor Casino in Prince George’s County in December for Hollywood Casino Perryville Hotel Casino Perryville has ever since seen a decline of nearly 37%, of around $15 million compared to the numbers the same time, the previous year The casino saw revenue of $393..
9 years ago

The U.S. Supreme Court Agrees To Hear New Jersey’s Sports Betting Case

In what looks like a victory in a war that has been going on for the past 5 years in the state of New Jersey with the major American sports leagues, the US Supreme Court has announced to hear the state’s appeal to offer legalised sports betting If won, the State would be allowed to offer sports betting at its casinos and racetracks The..
9 years ago

Major Cryptocurrencies See A Fall After A Massive Sellout

The cryptocurrency market has seen severe fluctuations for about two weeks now In the latest updates of the events, the cryptocurrencies on Monday saw a massive fall off that was led by Bitcoin and Ethereum due to some profit taking According to Coindesk, the major drop was seen in the Ether value with the down of 24% bringing the prices at $231..
9 years ago

Professional Poker Player Turns Out To Be Drug Kingpin On The Run

The New South Wales Police has arrested a drug kingpin who has been on a run from the law for more than two years The drug kingpin, Darren Rispen, 42, was earning more than $5000 a week as a professional poker player Rispen also allegedly powered drug premises in West Sydney by tapping into the electricity network About 45 kilograms of cannabis..
9 years ago

China Sentences Prison To Crown Resorts Employees

The three Australian employees of Crown Resorts were sentenced to less than a year in the prison by a Shanghai court on Monday, for illegally promoting gambling in China The term includes the time they have already spent in prison Along with them, 13 other employees were sentenced, including one Malaysian and 12 Chinese nationals  Jason..
9 years ago

FA Ends 4 Year Deal With Ladbrokes In Just 12 Months

Just after 12 months into a four-year deal, the Football Association has called off the deal with Ladbrokes and will have no sponsorships with betting companies Ever since 2015 The Scottish Professional Football League has been sponsored by Ladbrokes and extended its partnership until the end of 2017-18 season The decision to end a deal worth..
9 years ago

President Of PokerStars Live Edgar Stuchly Terminated

Edgar Stuchly, the President of PokerStars Live, has been terminated from his position, following what was called the "unenthusiastic" performance of their rebranded tournament series David Carrion would be replacing Stuchly as the Director of Marketing of the PokerStars brand He would along with leading the global strategy, would also control..
9 years ago

Court Ruling Further Delays Live! Hotel & Casino, Philadelphia Opening

Live! Hotel & Casino, Philadelphia would require being further reviewed by the state officials, according to the state Supreme Court ruling, asking the regulators to see whether Manoukin, owner of 85% of Parx owns more than a third of Live! The project upon completion would have two-million square feet of gaming floor space with 2,000 slots..
9 years ago

eSports’ Skincoin Token To Be Launched To Buy And Sell Skins For Popular Games

Millions of gamers, to buy and sell skins for popular games like Counter-Strike: Global Offensive, Dota 2 or Team Fortress 2 would be able to use a single token called Skincoin, which is being developed by eSports industry’s team of developers It is estimated, that if the Skincoin token is used by 10% of the market users, the company would..
9 years ago

Flash Crash Drags Ethereum From $317 To $0.10

Ether price on Wednesday came crashing down in what is called “flash crash” from an initial $31781 to $22448 to as low as $010 eventually In an over 999% fall on one of the largest cryptocurrency exchanges, GDAX, a multimillion dollar sell order was being placed Since the exchange lacked enough buy orders on its books to accommodate..
9 years ago

Delaware On A Move To Legalise Fantasy Sports Betting

 Delaware is currently counting on a bill by Rep Charles Potter, D-Wilmington, which moved through the House Gaming and Parimutuels Committee on Wednesday If the bill turns into a law, would legalise and regulate the fantasy sports betting industry in Delaware Fantasy sports betting; that involves cash prize is not allowed in the state as..
9 years ago

Winford Hotel & Casino To Be the New Asian Poker Tour Venue After Resorts World Manila’s Casino Licence Revoked

The 2017 Asian Poker Tour which was scheduled to take place at the Resorts World Manila has been relocated to next location as the gaming licence of the casino has been suspended  Winford Hotel & Casino, a luxury resort nine miles across town, which is already the home to the APT Poker Room Manila, will be the new location for the..
9 years ago