Canada’s largest full-line private casino operator Gateway Casinos & Entertainment Ltd announced that it is to hold 2 more information sessions on its Ladner casino project this Monday. Citizens will have the chance to get a better idea of the casino expansion plan. The two public meetings are both scheduled […]
Casino News
Great Canadian Gaming-Brookfield Partners Casino Expansion Project Stalled, But For How Long?
In August this year, Ontario Lottery and Gaming Corp. (the corporation responsible for the management of commercial gambling in Ontario) selected Great Canadian Gaming and Brookfield Business Partners LP to assume the control over three of its casinos in the Greater Toronto Area. Under the deal, the two companies inked […]
FBT Everett Realty May Seek $40 Million Compensation Over Cut in Agreed-Upon Wynn Casino Land Sale Price
The state news outlet Boston Globe reported that FBT Everett Realty took legal actions against its former law firm Davis, Malm & D’Agostine, accusing it of inadequate legal representation. In its suit, FBT Everett Realty claims that Davis, Malm & D’Agostine was supposed to protect FBT’s interests in court, but […]
Canada’s Biggest Casino Operator to Gear Up for Fairgrounds Casino Expansion Plan
Canada-listed casino operator Gateway Casinos & Entertainment is to take a proactive step towards its plan to construct a casino facility at the Western Fair. The latest news revealed that Canada’s most diversified private casino operator Gateway is on its way to present a ready casino project for massive expansion […]
British Columbia Land-Based Casinos Face New Anti-Money Laundering Requirements
The recent money-laundering scandal has prompted British Columbia newly-elected government to call for tough new anti-money laundering rules in an effort to crack down on money laundering. This Tuesday, British Columbia’s Attorney General David Eby made public Peter German’s first two interim recommendations. According to the new set of rules, […]
Missing Millions from Trust Fund Allegedly Laundered Through British Columbia Casino
Richmond real estate lawyer Hong Guo, who heads Guo Law Corporation, claims that C$7.58 million is missing from the company’s trust fund since last year. On Monday this week, Ms. Guo stated that she suspects her former bookkeeper and legal assistant, who used forged cheques to steal funds from the […]
British Columbia Attorney General to Tighten Regulatory Screws on Anti-Money Laundering
At an anti-corruption conference in Vancouver, that took place on Friday last week, British Columbia’s recently-elected Attorney General David Eby announced that he is to introduce a money laundering clampdown later this week. According to his words, the situation in the province is worse than expected, accusing the previous government […]
UK’s Gambling Regulator Raises Alarm over Large Losses on FOBTs Amid Looming Crackdown
UK’s gambling industry is rapidly growing and the country’s gambling watchdog hurried to react to the changes. It is not a secret that the expanding industry requires tougher regulations and the UK Gambling Commission knuckled down to work to introduce a new set of gambling regulations. The creation of a […]
Penn National Gaming in Merger Courtship with Pinnacle Entertainment
The long-held rumors that U.S. casino operator Penn National Gaming Inc aims at consolidating its business with that of Pinnacle Entertainment Inc has been confirmed as true. The gambling industry woke up to the news that Pinnacle Entertainment is discussing a potential merger with Penn National amid a flurry of […]
Daily Fantasy Sports Bill Moves Forward in Ohio
Daily fantasy sports (DFS) has turned into a highly-controversial topic in America. Different states have taken a different approach to DFS. The fact that DFS industry has started to grow at a rapid pace made many states to reconsider their stance on the matter. In an attempt to bring additional […]