With the upcoming National Football League season, set to kick off on 11th August, the online bookies started to get ready to āattackā the recently regulated daily fantasy sports (DFS) betting market in New Hampshire and launch their websites. New Hampshire is the 13th American state, which regulated DFS. The […]
Casino News
Pennsylvania Gaming Control Board Reaffirms Second Philadelphia Casino’s Ownership Structure
On Wednesday, 9th August, the Pennsylvaniaās licensing and regulatory agency responsible for overseeing gambling industry in the state, approved that the applicants behind the Stadium’s proposed casino project in Philadelphia are compliant with the state’s law and meet all the ownership requirements. On Wednesday, the board ruled out that the […]
Brief Look into the Worldās Oldest Operating Casinos
The word ācasinoā invokes many different pictures on peopleās minds ā from dealers, throwing cards in the air to the opulent buildings in Las Vegas and luxurious resorts in Macau. Gambling is an activity, which has been around for many years. It should be noted that this is not the […]
Australia Prohibits Online Gambling Operators from Offering Cash Loans
A new package of legislation to prohibit online gambling operators from offering money credits to punters is heading steadily to the federal government, aiming to prevent local people from significant losses and solid debts. The newly introduced restriction aims to ban online gaming operators in Australia to offer credit lines […]
Great Canadian Gaming and Brookfield Succeed in OLG Privatization Bidding
Great Canadian Gaming Corporation and Brookfield Business Partners L.P. announced yesterday, 8th August, that they are among the operators to sign a long-term takeover agreement with Ontario Lottery and Gaming Corp. (OLG), under which they will operate certain casino facilities in the Greater Toronto Area (GTA). Yesterday, Great Canadian Gaming […]
Great Canadian Gamingās Stock Halted, Pending OLGās Gambling Takeover Decision
The Canadian media Globe and Mail reported that Great Canadian Gamingās shares are temporarily halted on the stock market, waiting for Ontario Lottery and Gaming Corp. (OLG) to announce the winning bidders, who are to sign a turnover deal and take the control over the OLG-owned casinos and slot machines […]
Macau Land Law Threatens Casino Operators with Land Seizure
The local media Macaudailytimes reported that the casino operators in Macau are frightened for their license renewals, expected to happen in 2020, as the government embarked on a land reversion hunt enforcing the Macau Land Law. This gave rise to concerns about the possible revocation of the operatorsā land rights […]
Paddy Power Betfairās CEO Resigns from Office, Causing Stock Price to Spike
The international sports betting and gaming operator Paddy Power Betfair officially announced that the companyās Chief Executive Officer Breon Corcoran is on his way to resign from his position. This led to negative reactions on the stock market, which resulted in a sharp stock decline, estimated to be 4%. After […]
Trump-Linked Company Keeps a Weather Eye on Macauās Gambling Industry
A Delaware-based company, representing the current President of the United States Donald Trump was reported to have filed 4 trademark applications in Macau under the Presidentās name, one of which is aiming to open a casino facility in the in the southern Chinese gambling Mecca. On 7th June, online documents […]
Paysafe Settles Terms on £2.9bn Blackstone and CVC Capital Partners Takeover Bid
The London-listed online payment company Paysafe agreed to the terms and conditions of the Ā£2.9 billion takeover offer from the private equity companies Blackstone and CVC Capital Partners, which resulted in Paysafeās market price per share to go up with a jump. Paysafeās shareholders agreed on the terms of the […]