Archive for December, 2014

WSOP Star Jonathan Aguiar Says Betting on Poker and Fantasy Sports Is a Skill
December 29th, 2014 By April Bergman

WSOP Star Jonathan Aguiar Says Betting on Poker and Fantasy Sports Is a Skill

Jonathan Aguiar, who holds a World Series of Pokr bracelet, says poker and fantasy sports betting are skills-related gambles. Most states considers those pastimes to be “games of chance”, with the winner relying on luck. It is an important distinction under the law, but the former professional poker player makes a case for his interpretation. […]

Aquis Australia Buys Canberra Casino for $6 Million, Part of $4.2 Billion Tony Fung Project
December 26th, 2014 By April Bergman

Aquis Australia Buys Canberra Casino for $6 Million, Part of $4.2 Billion Tony Fung Project

Earlier this week, Hong Kong billionaire Tony Fung bought the struggling Canberra Casino for around $6 million. The purchase price includes the casino property and gaming license. Joy Burch, the ACT Gaming and Racing Minister, said that transfer of ownership to Aquis Canberra, Tony Fung’s gaming company, has been approved by the Gambling and Racing […]

NBA Commissioner Asks Governor Christie to Partner on Federel Sports Betting Legislation
December 23rd, 2014 By April Bergman

NBA Commissioner Asks Governor Christie to Partner on Federel Sports Betting Legislation

NBA Commissioner Adam Silver continues to stake out his nuanced position on sports betting. While he is involved in a lawsuit against the state of New Jersey, he has invited Jersey Governor Chris Christie to partner with him on federal legislation to legalize sportsbooks throughout the United States. Adam Silver’s request came during an ESPN […]

Mark Wahlberg’s “The Gambler” Releases in Theaters This Week
December 21st, 2014 By April Bergman

Mark Wahlberg’s “The Gambler” Releases in Theaters This Week

Movie watchers can see Mark Wahlberg take on his most ambitious acting role in this week’s release, “The Gambler“, a remake of a 1974 James Caan film by the same name. Wahlberg gives a solid and believable performance, though it doesn’t rise to the Oscar-worthy level that some industry insiders have suggested. “The Gambler” has […]

How the Opening of Cuba Might Complicate South Florida Casino Initiatives
December 19th, 2014 By April Bergman

How the Opening of Cuba Might Complicate South Florida Casino Initiatives

Before Las Vegas, Havana was the casino gambling destination for Americans. People forget that Cuba was an American protectorate for decades, influenced by U.S. culture and controlled by U.S. corporations. At one time, American casino owners placed the best gambling resorts in Havana. This week’s announcement by the Obama Administration that relations with Cuba could […]

Montreign Casino Set to Become New York’s Largest Land-Based Casino
December 16th, 2014 By April Bergman

Montreign Casino Set to Become New York’s Largest Land-Based Casino

The Catskills region is celebrating after it received the biggest land-based casino in the New York state licensing movement. Thompson, a town of about 15,000 in Sullivan County, will be the site of the $600 million Montreign Casino. Montreign Casino in Thompson The Montreign Casino will be about 90 miles from New York City, making […]

Xi Jinping’s Trip to Macau Signals the Enclave City That It Must Diversify Its Economy
December 15th, 2014 By April Bergman

Xi Jinping’s Trip to Macau Signals the Enclave City That It Must Diversify Its Economy

Chinese Premier Xi Jinping‘s trip this past week to Macau in over 5 years sent a clear signal to the gambling enclave: diversify your economy. Xi’s visit was his first visit to Macau in five years. Xi’s anti-corruption campaign touched off a disastrous year for China’s only gambling destination. The city’s 10-year gambling boom turned […]

New York Gaming Facility Location Board to Announce Licenses This Week
December 12th, 2014 By April Bergman

New York Gaming Facility Location Board to Announce Licenses This Week

For the past year, the state of New York has undergone a land-based casino licensing process. Up to four casinos can be licensed. Sixteen different gaming companies and land developers Caesars Versus Genting: Orange County US gaming company Caesars Entertainment is in a high-stakes showdown with Malaysia-based Genting Limited for a full-scale Las Vegas-style casino […]

Ralph Caputo Wants Law Forcing All Gaming Affiliates to Obtain Casino License
December 10th, 2014 By April Bergman

Ralph Caputo Wants Law Forcing All Gaming Affiliates to Obtain Casino License

New Jersey Assemblyman Ralph R. Caputo is sponsoring a bill in the Assembly which would force all “Internet gambling affiliate” operators to obtain a casino license. If passed, the bill would further hamper the New Jersey online gambling industry, by playing with the gaming industry’s cheapest and most lucrative form of advertisement. At present, New […]

Atlantic City Slashes Bond Prices by 71% Due to a Bleak Economic Forecast
December 8th, 2014 By April Bergman

Atlantic City Slashes Bond Prices by 71% Due to a Bleak Economic Forecast

Atlantic City is expected to slash bonds by 71% down to $40 million, due to the many uncertainties associated with the city’s economic future right now. An official told Reuters that a bond sale was expected in mid-November which was supposed to net $140 million. The idea behind the bond sale was to refund old […]

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