Archive for June, 2015

James Packer: The Other Casino Mogul Who Befriended Israeli PM Benjamin Netanyahu
June 29th, 2015 By April Bergman

James Packer: The Other Casino Mogul Who Befriended Israeli PM Benjamin Netanyahu

Those who read about American casino gambling know the Sheldon Adelson, founder of the Las Vegas Sands Corporation, is good friends with Israeli Prime Minister Benjamin Netanyahu. Adelson is a well-known political contribution to the Republican Party in the United States, while owning a number of conservative or Likud-leaning publications in Israel. What many in […]

Tsuyoshi Hosoba Sues Universal Entertainment Corp for $3.42 Billion to Repay Lost Wynn Resorts Stock
June 26th, 2015 By April Bergman

Tsuyoshi Hosoba Sues Universal Entertainment Corp for $3.42 Billion to Repay Lost Wynn Resorts Stock

Tsuyoshi Hosoba is suing Japanese casino developer Universal Entertainment Corp for a $3.42 billion. Tsuyoshi Hosoba is suing for damages related to the cancellation of 24.5 million shares held by Universal, which would have given the Japanese investor 20% ownership of Wynn Resorts. Mr. Hosoba was given a promissory note for $1.9 billion in shares, […]

Macau Casino Industry Continues Its 13th Month of Decline, But Casino Launches Offer Hope
June 24th, 2015 By April Bergman

Macau Casino Industry Continues Its 13th Month of Decline, But Casino Launches Offer Hope

The Macau casino industry is well into its thirteenth month of decline and investors might begin to wonder if the drop is revenues is ever going to stop. Predictions from several investment experts who follow the Macau gaming market are suggesting that better times are around the corner, but that might be a forlorn hope […]

Ontario Constable among the 11 Arrested in an Ottawa Police Raid on a Gambling House
June 22nd, 2015 By April Bergman

Ontario Constable among the 11 Arrested in an Ottawa Police Raid on a Gambling House

After receiving an anonymous tip, Ottawa police raided an illegal gambling operation on June 13. The raid led to the arrest of 11 individuals, also were caught with a significant amount of illegal drugs. Authorities also found an Ontario Provincial Police Constable on the scene, apparently gambling with the other individuals. That officer, who was […]

UMB Bank Sues Caesars Entertainment Operations Company for $6 Billion over Bankruptcy Plan
June 19th, 2015 By April Bergman

UMB Bank Sues Caesars Entertainment Operations Company for $6 Billion over Bankruptcy Plan

Caesars Entertainment Operating Company is being sued by a New York City financial institution based on its January 2015 bankrupty restructuring plan, adding another layer to the CEOC bankruptcy battle. The UMB Bank says that the companies which own CEOC have benefited from unfair practices, and UMB Bank is owned $6 billion in damages due […]

Vietnamese Police Raid a Cockfighting Ring, Seizing 40 Gamblers and $24,000 in Cash
June 17th, 2015 By April Bergman

Vietnamese Police Raid a Cockfighting Ring, Seizing 40 Gamblers and $24,000 in Cash

Police in the Hung Yen Province of Vietnam raided a large cockfighting ring this week, arrested 40 gamblers who on the property where the fights were staged. Hundreds of gamblers were said to have been present at the fights when police arrived, though most of the people present were able to avoid law enforcement in […]

IOUE Rep Jeff Fiedler Writes Letter to Chinese Communist Official about Macau Junket Operators
June 15th, 2015 By April Bergman

IOUE Rep Jeff Fiedler Writes Letter to Chinese Communist Official about Macau Junket Operators

A U.S.-based trade union sent communication today to the head of the Chinese Community Party’s Central Commission for Discipline Inspection, underlining flaws in Macau’s VIP junket system. The International Union of Operating Engineers (IUOE) sent a letter to Wang Qishan, calling on the CCDI head to establish a regulatory framework for the junket operators to […]

Sarah Harrison To Be New Chief Executive of UK Gambling Commission
June 12th, 2015 By April Bergman

Sarah Harrison To Be New Chief Executive of UK Gambling Commission

The United Kingdom’s Gambling Commission is expected to have a new Chief Executive on October 1, 2015 when Sarah Harrison replaces Jenny Williams. At present, Sarah Harrison is the head of the Sustainable Development Division of Ofgem, the UK’s regulatory agency for energy company. Harrison has worked for Ofgem since 2000 and she has held […]

Macrolink Group Signs Deal for Casino Development in Incheon, South Korea
June 10th, 2015 By April Bergman

Macrolink Group Signs Deal for Casino Development in Incheon, South Korea

China’s Macrolink Group Ltd signed a deal on Tuesday with the city of Incheon, South Korea for a major casino resort development. The Macrolink Real Estate Co Ltd. signed on behalf of its parent company. The Macrolink Group deals in real estate, financial investment, and mining concessions in China. Real estate is its main focus, […]

Proposal for Gaming Machines on British Columbia Ferries Is Defeated
June 8th, 2015 By April Bergman

Proposal for Gaming Machines on British Columbia Ferries Is Defeated

A proposal which would have allowed gambling on ferries in British Columbia has failed. This is the second time in three weeks a major pro-gaming initiative in Canada has failed. The plan never received a vote, due to a negative report by a government agency tasked with studying the issue. Under a report commissioned by […]

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