Archive for March, 2015

Chinese Police Arrest Over a Thousand Online Gamblers in 6 Months of Raids
March 31st, 2015 By April Bergman

Chinese Police Arrest Over a Thousand Online Gamblers in 6 Months of Raids

Chinese police rounded up more than a thousand people this week who were involved in an online gambling network. While detaining those illegal gamblers, the police also froze bank accounts is excess of $53 million. Though China’s news agency Xinhua announced the raids this week, the suspects were detained between June 2014 and December 2014. […]

Caesars Departing CEO Gary Loveman Sees Sign of Full Recovery for Las Vegas
March 28th, 2015 By April Bergman

Caesars Departing CEO Gary Loveman Sees Sign of Full Recovery for Las Vegas

Caesars Entertainment’s departing CEO Gary Loveman believes Las Vegas’s casino industry is on the verge of completing its recovery from the Global Recession of 2008-09. Loveman spoke about the various ways the economy is on the mend, while also discussing with CNBC his company’s bankruptcy plans. Loveman’s Comments on Closing Bell Gary Loveman, who has […]

The $4 Billion Resorts World Las Vegas Set for May 5 Groundbreaking
March 25th, 2015 By April Bergman

The $4 Billion Resorts World Las Vegas Set for May 5 Groundbreaking

The groundbreaking for Resorts World Las Vegas is May 5, according to an announcement from the Malaysia-based gaming company, Genting Berhad. When complete, the project will be the most expensive casino-resort in the history of the Las Vegas Strip. The start of the construction project means several thousand extra jobs in the Las Vegas area, […]

Mr Green and Co Gains Approval from AAMS to Launch Online Casino in Italy
March 23rd, 2015 By April Bergman

Mr Green and Co Gains Approval from AAMS to Launch Online Casino in Italy

Mr Green & Co, a Swedish online casino brand, is set to enter the Italian market. Italy is the second-largest gambling jurisdiction in Europe, so the entry of Mr Green & Co AB is a key moment for the gaming company. The site launch is expected later this spring. The announcement came after review by […]

Momentous Japanese Casino Gambling Vote Could Occur in April
March 20th, 2015 By April Bergman

Momentous Japanese Casino Gambling Vote Could Occur in April

The future of Japan’s gambling industry is likely to be decided in April 2015. The government of Prime Minister Shinzo Abe attempted to pass a casino bill in May and June of 2014, only to have the window of opportunity close. Since then, analysts have had varying opinions on the level of interest there was […]

Melco Crown Stock Prices Drop after Morgan Stanley Predicts 2015 Decline
March 18th, 2015 By April Bergman

Melco Crown Stock Prices Drop after Morgan Stanley Predicts 2015 Decline

Melco Crown shares dropped again for the first time in three days after Morgan Stanley cut the Chinese casino company to hold. The sell-off came amidst news that the Macau gaming industry revenues likely would continue to drop. Matthew Jacob, Director of ITG Investment Research in New York City, told Bloomberg, “Trends aren’t getting any […]

Donald Trump’s Sister to Help Decide the Fate of New Jersey Sports Betting
March 16th, 2015 By April Bergman

Donald Trump’s Sister to Help Decide the Fate of New Jersey Sports Betting

When New Jersey’s lawyers go before the Third Circuit Court of Appeals on Tuesday to argue that sports betting should be legalized in the Garden State, Donald Trump’s sister will help decide the case. Maryanne Trump Barry, who is the sister of Donald Trump, is one of the three panel judges who will hear oral […]

Donald Trump Agrees to Keep His Name on the Trump Taj Mahal Casino
March 13th, 2015 By April Bergman

Donald Trump Agrees to Keep His Name on the Trump Taj Mahal Casino

The Trump Taj Mahal is going to continue with that corporate name for the near future. The “Trump” atop the Atlantic City casino’s name had been a matter of dispute, since the man associated with that name, Donald Trump, sued to have his name removed in August 2014. “The Donald” was tired of being associated […]

Delaware North Files Lawsuit against New York’s Lago Casino Development Project
March 11th, 2015 By April Bergman

Delaware North Files Lawsuit against New York’s Lago Casino Development Project

Delaware North filed a lawsuit on March 11 against the state of New York in an attempt to block the Lago Casino & Resort in Tyre. The Buffalo-area compay claims that the Finger Lakes development is likely to force the closure of their racetrack. The lawsuit was filed on behalf of Finger Lakes Gaming & […]

Macau’s Casino Gaming Revenues Fell Nearly 50% from February 2014 to Feb 2015
March 9th, 2015 By April Bergman

Macau’s Casino Gaming Revenues Fell Nearly 50% from February 2014 to Feb 2015

Macau’s gaming revenues fell 49% from February 2014 to February 2015, marking the worst yearly drop in the history of China’s gambling history. It’s a decline which is hard to match in the world history of casino gambling. The revenues are still impressive by international standards, of course. The February 2015 revenues were $2.44 billion, […]

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