Archive for October, 2016

New United Kingdom Sports Minister Launches Review of Gambling Industry
October 31st, 2016 By April Bergman

New United Kingdom Sports Minister Launches Review of Gambling Industry

The fallout from the Brexit vote now appears to be affecting gambling in the United Kingdom. When the Leave movement won the Brexit campaign, David Cameron resigned as British prime minister. He was replaced by Theresa May, who replaced many top officials in the government. New policies were certain to follow, beyond the relationship with […]

Sheldon Adelson Implies He Might Withdraw from Las Vegas Football Stadium Deal
October 28th, 2016 By April Bergman

Sheldon Adelson Implies He Might Withdraw from Las Vegas Football Stadium Deal

Sheldon Adelson implied on Thursday he might withdraw his support for an NFL-ready football stadium proposal, if the Oakland Raiders do not negotiate a better deal with him. Mr. Adelson’s pronouncement came 10 days after Nevada Governor Brian Sandoval approved a $750 million stadium deal. Under the current terms of the deal, Sheldon Adelson’s group […]

Las Vegas Sands Corp Being Investigated by the NGCB for Illegal Chinese Shill Gambling
October 25th, 2016 By April Bergman

Las Vegas Sands Corp Being Investigated by the NGCB for Illegal Chinese Shill Gambling

The Nevada Gaming Control Board is looking into allegations that proxy gamblers might have made millions of dollars of bets on behalf of Chinese high rollers. The allegations suggest that the Las Vegas Sands Corp casinos might have allowed high-stakes Chinese players to bet huge amounts of money in other people’s names. Ron Reese, a […]

SkyCity Is Concerned about Financial Fallout from Crown Resorts Arrests in China
October 20th, 2016 By April Bergman

SkyCity Is Concerned about Financial Fallout from Crown Resorts Arrests in China

Australian casino operator SkyCity said it fears it might have to deal with financial fallout of the Crown Resorts employee detentions in China. While SkyCity said its contractors have not been questioned by authorities, the company said it is monitoring the situation closely. SkyCity operates brick-and-mortar casinos in Adelaide and Darwin, as well as 4 […]

Kevin Costner Joins the Cast of Molly’s Game, a Biopic about the “Princess of Poker”
October 17th, 2016 By April Bergman

Kevin Costner Joins the Cast of Molly’s Game, a Biopic about the “Princess of Poker”

Kevin Costner is close to signing to play in a biopic about Molly Bloom, the so-called “Princess of Poker” who operated an exclusive $100 million poker game for 8 years. By the time Bloom’s operation was raided by the FBI, it hosted famous actors like Ben Affleck, Leonardo DiCaprio, and Tobey Maguire. The movie presents […]

Chinese Government Detains Eighteen Crown Resorts Marketing Employees
October 14th, 2016 By April Bergman

Chinese Government Detains Eighteen Crown Resorts Marketing Employees

The Chinese government has detained 18 employees of Crown Resorts, Australia’s largest casino company. The “co-ordinated police operation” collected 15 Chinese nationals and 3 Australians, who are all employees of Crown Resorts. The allegations against the staff members are unknown, though it is thought to involve the way Crown Resorts advertises in the Chinese mainland. […]

Virtual Reality Gambling Revenues Expected to Rise by 800% in Next 5 Years
October 10th, 2016 By April Bergman

Virtual Reality Gambling Revenues Expected to Rise by 800% in Next 5 Years

CNBC reported this week that reveneues from Virtual Reality gambling are set to rise by 800% in the next five years, due to “high rollers”. Virtual reality (VR) technology companies like Oculis Rift continue to improve their devices, so a time will come when VR gambling goes from being a bit of a novelty to […]

Stanley Ho and Lawrence Ho Might Partner on a New Crimean Casino
October 7th, 2016 By April Bergman

Stanley Ho and Lawrence Ho Might Partner on a New Crimean Casino

Stanley Ho and his son, Lawrence Ho, might be planning a casino for the Crimean gambling zone in the Russian Federation, according to Russian website Life.ru. The site stated that Stanley Ho’s SJM Holdings Limited and Lawrence Ho’s Summit Ascent Holdings Ltd. are the financial entities interested in a Crimean casino. Stanley Ho is the […]

Japanese Baseball Player Shoki Kasahara Receives 14-Month Prison Sentence
October 5th, 2016 By April Bergman

Japanese Baseball Player Shoki Kasahara Receives 14-Month Prison Sentence

Yomiuri Giants pitcher Shoki Kasahara received a 14-month prison sentence from the Tokyo District Court for his role in a gambling scandal. The scandal involved helping a restaurateur operate an illegal gambling ring, while also betting on Nippon Professional Baseball games. Judge Yasunobu Hosoya said that Kasahara’s illegal gambling activities had “contributed to ruining the […]

Li Kequiang’s Upcoming Visit to Macau Could Have a Spoiling Effect on VIP Revenues
October 1st, 2016 By April Bergman

Li Kequiang’s Upcoming Visit to Macau Could Have a Spoiling Effect on VIP Revenues

Chinese Premier Li Kequiang is planning a visit to Macau and gaming experts believe that visit could be a bad omen for the city’s casino industry. Insiders speculate that Macau officials will want to keep the gambling industry from making stark financial news before and during China’s second-highest ranking leader’s visit. The speculation is it […]

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