Latest Casino News
Casino gaming firm files for $100m IPODec 20, 2017
A leading designer and supplier of casino gaming machines, PlayAGS, have decided to go public. The gaming firm filed with the SEC to raise $100 million in an IPO.
Penn acquires Pinnacle for $2.8 billionDec 19, 2017
Casino operator Penn National Gaming Inc. has taken over Pinnacle Entertainment Inc. in a cash-and-stock deal valued at about $2.8 billion.
Atlantic City casino revenues up by 4.6 percentDec 18, 2017
Atlantic City's casinos have recorded the revenue rise by 4.6 percent in November. The rise in casino revenues gives hope to the struggling gambling industry.
Satellite casinos are not welcome: Philadelphia City CouncilDec 16, 2017
The Philadelphia City Council has said no to Category 4 “mini-casinos” gambling venues within its downtown area. The officials voted 17-0 against the motion. The members of the council were quick with the explanation of the unanimous vote, saying they want to send “a strong message” to legislators in the Harrisburg capital.
Pennsylvania casino handed record finesDec 15, 2017
Mohegan Sun Pocono has been slapped with record fines, totaling $1 million, by Pennsylvania's casino gambling regulators on Wednesday, December 13. The casino has failed to follow internal controls and doing business with unlicensed vendors, for which it has been fined $450,000 and $550,000, respectively.
NJ online casino biz racks $20m for 9th month-in-rowDec 14, 2017
New Jersey has released the gross revenue statistics for its regulated online poker sites. The gaming sites have racked $20 million for the ninth straight month. The last time the NJ online casino industry failed to get past $20 million revenue mark was in February.
Mini-casino likely in Chambersburg after Mayor’s tie-breaking voteDec 13, 2017
Chambersburg in Pennsylvania might soon host a mini-casino. The prospect of mini-casino in the borough was dead-locked at 5-5 before the interim mayor and mayor-elect Walter Bietsch cast the deciding vote in favor on Monday.
Colorado group plans $375m revamp for Revel Casino HotelDec 12, 2017
The defunct Revel Casino and Resort may soon get a revamp to reopen in the summer next year. The owner of the hotel-casino, also referred to as Ten, has been turning down reports of a property sale for some time now. However, a recent report by the Moody's Investors Service on a Colorado-based firm's rating suggests that it would spend $375 million to acquire and redevelop the massive boardwalk site.
LWRC, GEG in talks for Boracay Island Casino ResortDec 11, 2017
The Philippines gaming giant Leisure and Resorts World Corporation (LWRC) together with Hong Kong-based Galaxy Entertainment Group Limited (GEG), is mulling over a world-class integrated beach resort and casino in Boracay Island.
MGM calls for competitive bidding for Bridgeport casinoDec 8, 2017
MGM Resorts has renewed its call for the state to organize a competing bidding process for the upcoming Bridgeport casino. The southeastern Connecticut’s gaming tribes have expressed interest to join the process.
Harrah's Las Vegas sold for $1.14 BillionDec 7, 2017
Caesars Entertainment Corporation has reached an agreement with VICI Properties to sell Harrah’s Las Vegas for $1.14 billion.
Western Fair casino to turn ‘family friendly’Dec 7, 2017
The Canadian casino giant, Gateway Casinos & Entertainment, will submit a proposal to politicians regarding the plans to expand operations at the Western Fair. Keith Andrews, senior vice-president of Gateway Casinos and Entertainment, will put forth a plan at a council committee meeting for a new gaming complex. The planned complex would have a plethora of dining options and probably a hotel, which would create 700 new jobs for the natives.
Ex-chairman sentenced for stealing from casinoDec 6, 2017
John Blackhawk, a former casino chairman and a council member of the WinneVegas casino, has been sentenced for stealing from the casino. He has received five years of probation in addition to 150 hours of community service and $36,000 restitution.
Chinese gaming operators eye Cambodia’s next casino hubDec 5, 2017
Sihanoukville, Cambodia’s southern coastal city, will soon turn into the country’s leading casino hub. Amid the opportunity, the ongoing influx of Chinese investment capital has been beyond expectations.
Armed robbery reported at Billings casinoDec 5, 2017
A robbery has been reported at the Mardi Gras Casino in Billings West End, on Sunday morning, at around 8:30 a.m.
Melco to move HQ to Japan if it gets casino licenceDec 2, 2017
Melco Resorts & Entertainment Limited may shift its headquarters to Japan if they get a casino licence, Melco's CEO Lawrence Ho said in an interview in Tokyo, in reference of a possible casino resort in Japan.
Armed thief pulls off heist at Las Vegas casinoDec 2, 2017
Bellagio Hotel & Casino of Las Vegas is robbed by an armed thief at around 3:45 p.m. on Tuesday. Described as a white male wearing a mask and a wig, the robber held up a poker cage on gunpoint and demanded an unspecified amount of money from the staff.
A woman hits $81k jackpot on a single spin at BitStarzDec 2, 2017
What can be better than hitting a big, fat jackpot on a single spin? This is exactly what happened to a woman during Black Friday. The woman, en route to shopping centre, stopped at BitStarz to enjoy a little gaming and tried her hand at the FaFa Twins slot game. The online casino ended up rewarding the woman with an astonishing $81,000 in a single spin.
Macau casino revenues jump 22.6% to £2.12 billionDec 2, 2017
Macau, the world’s biggest gambling hub, has reported a remarkable revenue jump for November month. Casinos in the Macau have collected 22.6 percent more than what they did last year. It also marked the sixteenth consecutive month of growth for the industry in Macau.
$1.25 bet wins almost-a-million at Vegas casinoDec 2, 2017
A buck for a bash! Yes, that’s what happened at Harrah’s Las Vegas Hotel and Casino last week. The Las Vegas Review-Journal reports that one lucky gambler made a fortune just before Thanksgiving — winning a whopping $939,355 with a little $1.25 bet.
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New Jersey witness a drop in revenue while April brings some good news for online gamingMay 18, 2020