Archive for March, 2018

Silver Heritage Group Faces Legal Dispute in Nepal
March 31st, 2018 By April Bergman

Silver Heritage Group Faces Legal Dispute in Nepal

Silver Heritage Group (SVH), a Hong Kong boutique casino operator which is listed on the Sydney Stock Exchange, is facing a legal battle and government investigation after a local partner, Rajendra Bajgain, accused the company of using foreign workers. Silver Heritage terminated its contract with Bajgain, who took the company to court. The dispute threatens […]

UK Regulators to Ban Credit Card Deposits in Online Gaming?
March 30th, 2018 By April Bergman

UK Regulators to Ban Credit Card Deposits in Online Gaming?

The UK Gambling Commission announced this week it would consider a ban on the use of credit cards in online betting. Early last week, the United Kingdom’s chief gambling regulator said that funding gaming sessions with credit cards “increases the risk that consumers will gamble more than they can afford.” According to data compiled of […]

UK Billionaire Richard Branson Buys Hard Rock Las Vegas
March 29th, 2018 By April Bergman

UK Billionaire Richard Branson Buys Hard Rock Las Vegas

British billionaire Richard Branson bought the Hard Rock Las Vegas Hotel and Casino this week. The founder of Virgin Ground plans to rebrand the resort as Virgin Hotel Las Vegas. The name change will not occur at first. A renovation of the 1500-room hotel just off the Las Vegas Strip is planned to run through […]

Japan Could Approve 4 Casino Licenses and $48 Entrance Fee
March 28th, 2018 By April Bergman

Japan Could Approve 4 Casino Licenses and $48 Entrance Fee

The Japanese casino law has come into focus over the past week. Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) and the Komeito (Buddist) Party are negotiating terms of the Integrated Resort (IR) Implementation Bill, which should be introduced to the Japanese Diet sometime in April. In February, the LDP pushed a bill which included […]

Australian Senate to Ban ‘Fake Lotteries’ Such as Lottoland
March 27th, 2018 By April Bergman

Australian Senate to Ban ‘Fake Lotteries’ Such as Lottoland

Australian Communications Minister Mitch Fifield plans to introduce legislation on Wednesday that would ban betting on “fake” lottery websites. The ban would leave in place major lotteries like Tatts, Intralot, Oz Lotteries, and Netlotto, but would ban controversial lottery betting services like Lottoland. The federal administration called for the Australian Parliament to prohibit what it […]

New Abilify Lawsuits Filed in Nevada Court System
March 26th, 2018 By April Bergman

New Abilify Lawsuits Filed in Nevada Court System

Five former Abilify users from Nevada are suing the manufacturers and distributors the prescription anti-psychotic medication. The plaintiffs claim the companies neglected to give patients the full extent of side effects from the drug, which includes a variety of compulsive behaviors. Several of the litigants said Abilify led them to become problem gamblers. Abilify lawsuits […]

Galaxy Entertainment Buys 5.3 Million Wynn Resorts Shares
March 25th, 2018 By April Bergman

Galaxy Entertainment Buys 5.3 Million Wynn Resorts Shares

Galaxy Entertainment Group (GEG) is buying 5.3 million shares of Wynn Resorts at $175-a-share for a total cost of $927 million. Galaxy Entertainment is a Chinese casino company and one of 6 major casino operators in the Macau gaming market. Matt Maddox, the CEO of Wynn Resorts, said in a press release, “It is an […]

How Blockchain Technology Is the Future of Online Gambling
March 24th, 2018 By April Bergman

How Blockchain Technology Is the Future of Online Gambling

One could say it is axiomatic these days that blockchain technology is the future of online gambling. Those who might not be on the cutting edge of crypto-currency might wonder how that can be, especially in light of the Bitcoin market’s drop in the past months. People in the gambling industry see the benefits of […]

San Francisco Attorney Sues Notorious Illegal Gambling Den
March 23rd, 2018 By April Bergman

San Francisco Attorney Sues Notorious Illegal Gambling Den

The City of San Francisco is suing the Silver Shack, an illegal gambling den that has gone by many different names in a short period of time. Located in the Outer Mission, Silver Shack has continued to bring an unwanted presence to the neighborhood for years. Since 2014, the gambling hall has operated off-and-on out […]

Steve Wynn Sells Remaining Wynn Resorts Shares
March 22nd, 2018 By April Bergman

Steve Wynn Sells Remaining Wynn Resorts Shares

Steve Wynn sold 12.1 million shares of Wynn Resorts over the past 2 days, divesting himself of his entire stake in the company he founded 16 years ago. Steve Wynn sold 4.1 million shares on Wednesday, then followed that selloff by ridding himself of the remaining 8 million shares of Wynn stock he owned on […]

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Online Casino News Monthly Archive
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