Archive for March, 2017

FBI Arrests One Person in Connection with Construction Death at Imperial Pacific Casino
March 31st, 2017 By April Bergman

FBI Arrests One Person in Connection with Construction Death at Imperial Pacific Casino

The Federal Bureau of Investigation arrested a person in connection to the death of a person working on a casino in the U.S. overseas territory of Saipan. The FBI arrested a person associated with Imperial Pacific, a construction company accused of using undocumented foreign workers. The death occurred during the construction of the permanent version […]

Iao Kun Junket Declared Bankrupt While Galaxy Entertainment VIP Rooms Close
March 29th, 2017 By April Bergman

Iao Kun Junket Declared Bankrupt While Galaxy Entertainment VIP Rooms Close

Another one of Macao junket investor Iao Kun’s VIP rooms declared bankruptcy this week, while closing three VIP rooms in the Macau sector. Two of the VIP junket rooms were in Galaxy Entertainment casinos: Galaxy Macau and StarWorld. The GEG closures happened a few after Galaxy asked Sang Heng Gaming Promotion Company and Sang Lung […]

Nick Xenophon’s Proposed Ban on Televised Gambling Ads Loses a Senate Committee Vote
March 27th, 2017 By April Bergman

Nick Xenophon’s Proposed Ban on Televised Gambling Ads Loses a Senate Committee Vote

Anti-gambling Australian lawmaker Nick Xenophon’s bill to ban gaming ads during televised sports broadcasts was killed by a senate committee this week. The Senate Estimates Committee voted to kill Xenophon’s bill, with members of the Coalition and Labor parties each voting against the bill. Sen. Xenophon (pictured right), a 58-year old Independent from South Australia, […]

North Korea Advertises Its Kosong Port Casino Cruise Line: The Royale Star
March 25th, 2017 By April Bergman

North Korea Advertises Its Kosong Port Casino Cruise Line: The Royale Star

Believe it or not, North Korea has a casino cruise ship line. The first ship launched in 2011, but now Kim Jong-Un’s isolated and destitute country is seeking $20 million from foreign investors to keep the operation running. The feasibility of such a plan is questionable, but the assets are in place for the mercurial […]

ASF Consortium’s $3 Billion Casino Partners with Chinese Government
March 23rd, 2017 By April Bergman

ASF Consortium’s $3 Billion Casino Partners with Chinese Government

The ASF Consortium’s $3 billion Gold Coast casino project is under new scrutiny after it was revealed the resort might be partially owned by the Chinese government. ASF’s project has been opposed by local residents and activist groups before the revelation, but the opposition might have new fervor in the wake of the news. In […]

Indian Law Commission Proposes Legalization of Sports Betting
March 20th, 2017 By April Bergman

Indian Law Commission Proposes Legalization of Sports Betting

The Law Commission of India is considering the legalization of sports betting and casino gambling activities in the subcontinent. The Law Commission, the chief legal panel in the country, was tasked by the Indian Supreme Court with investigating “all legal aspects of betting in sports:. The decision to investigate legalization and regulation of sports betting […]

Teddy Sagi Sells 4.1% of Playtech After 12% Sell-Off in November 2016
March 18th, 2017 By April Bergman

Teddy Sagi Sells 4.1% of Playtech After 12% Sell-Off in November 2016

Playtech co-founder Teddy Sagi sold off shares of the online casino software giant for the second time in four months. The Playtech founder is thought to be worth about $5 billion, but he was looking for cash to invest in coworking real estate in central London. Mr. Sagi sold 4.1% of the company’s stock, after […]

Montreal’s Chefs Are Outraged that Loto Quebec Invested in French Chef Joel Robuchon
March 15th, 2017 By April Bergman

Montreal’s Chefs Are Outraged that Loto Quebec Invested in French Chef Joel Robuchon

Many of Montreal’s local chefs are angered by the decision of a partially state-owned casino to important its menu from France. Loto Quebec chose French celebrity chef Joel Robuchon for an “attention-getting restaurant”, according to the New York Times. A famous French chef, Joel Robuchon, was chosen to place a franchise of his world famous […]

Tabcorp Receives a Record $45 Million Fine from the Australian Federal Court
March 13th, 2017 By April Bergman

Tabcorp Receives a Record $45 Million Fine from the Australian Federal Court

An Australian Federal Court handed down a record fine for Tabcorp for its laxity in complying with anti-money laundering and counter-terrorism financing obligations. Under Australian laws, a gaming company like Tabcorp is required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act. Instead, the New South Wales company and financial regulator AUSTRAC found that […]

Tigre de Cristal Casino near Vladivostok Receives Positive Report from Daiwa Securities
March 10th, 2017 By April Bergman

Tigre de Cristal Casino near Vladivostok Receives Positive Report from Daiwa Securities

Daiwa Securities Group recently published a 40-page report on Summit Ascent Holdings Ltd., which owns the Tigre de Cristal Casino near Vladivostok in the Russian Far East. The report showed that Tigre de Cristal is starting to draw customers from Northern China, its intended customer base. When the Siberian casino opened in November 2015, it […]

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