Casino & Dice News
- MGM Resorts Plans Micro Sphere in Dubaiby Corey Levitan on September 20, 2024 at 12:49 am
MGM Resorts on Thursday shared the latest on The Island, the 1,500-room resort it’s currently building in Dubai. Located on the 26-acre Bluewaters Island, it will feature separate MGM, Bellagio and Aria hotel towers, and a spherical events venue at its center. MGM Resorts CEO and president Bill Hornbuckle told an audience at the Skift The post MGM Resorts Plans Micro Sphere in Dubai appeared first on Casino.org.
- Wynn Investors Land $70M in Securities Fraud Lawsuitby Todd Shriber on September 20, 2024 at 12:41 am
Wynn Resorts (NASDAQ: WYNN) and some former executives of the gaming company agreed to pay investors $70 million for their alleged roles in covering up the sexual misdeeds of founder and former CEO Steve Wynn. Defendants will pay $9.4 million of that sum with insurance providers covering the rest of it. Earlier this week, Pomerantz The post Wynn Investors Land $70M in Securities Fraud Lawsuit appeared first on Casino.org.
- British Columbia Wants to Seize Alleged Casino Money Launderer’s $880Kby Philip Conneller on September 20, 2024 at 12:00 am
Authorities in British Columbia have applied to seize C$880K (US$650k) from an accused triad who is suspected of laundering money through casinos in Canada, CBC reports. Tujie Lai claims to have become a multimillionaire through the junket industry in Macau. He is wanted in mainland China for charges including kidnapping, extortion, and leading a criminal The post British Columbia Wants to Seize Alleged Casino Money Launderer’s $880K appeared first on Casino.org.
- Red Rock Could Be Boosted by Lower Interest Rates, Says Analystby Todd Shriber on September 19, 2024 at 11:05 pm
On Wednesday, the Federal Reserve lowered interest rates by half a percent — the central bank’s first rate cut in four years — sparking hope of a prolonged rally for capital-intensive casino operators, including Red Rock Resorts (NASDAQ: RRR). At least one analyst sees the Green Valley Ranch operator as one of the gaming companies The post Red Rock Could Be Boosted by Lower Interest Rates, Says Analyst appeared first on Casino.org.
- Responsible Gaming Study Finds State Shortcomings in Regulating Sports Bettingby Devin O'Connor on September 19, 2024 at 10:41 pm
The National Council on Problem Gambling says regulated sports betting states aren't providing adequate consumer protections. The post Responsible Gaming Study Finds State Shortcomings in Regulating Sports Betting appeared first on Casino.org.
- OpenBet Could Sell at Steep Discount, Says Research Firmby Todd Shriber on September 19, 2024 at 9:52 pm
Endeavor Group Holdings, Inc. (NYSE: EDR) is shopping its OpenBet and IMG Arena sports betting data businesses and the former could sell for a significant discount to the price the seller originally paid. Endeavor is moving on from OpenBet after announcing in September 20221 that it would pay $1.2 billion to the company then known The post OpenBet Could Sell at Steep Discount, Says Research Firm appeared first on Casino.org.
- Powerball, Mega Millions To Be Impacted By Federal Interest Rate Cutby Devin O'Connor on September 19, 2024 at 8:46 pm
Powerball and Mega Millions will be impacted by the Feds' interest rate cut. The post Powerball, Mega Millions To Be Impacted By Federal Interest Rate Cut appeared first on Casino.org.
- Denver Man Convicted of Illegal Gambling Racket that Used Sham Cryptoby Philip Conneller on September 19, 2024 at 6:30 pm
A federal jury in Denver has convicted a local man of running an illegal gambling business that employed a fake cryptocurrency to conceal the exchange of gambling credits for cash. Jonathan Arvay, 38, was found guilty of one count of conducting an illegal gambling business and one count of conspiracy to conduct an illegal gambling The post Denver Man Convicted of Illegal Gambling Racket that Used Sham Crypto appeared first on Casino.org.
- DraftKings Cuts Another Multimillion-Dollar Check for Missouri Sports Betting Campaignby Devin O'Connor on September 19, 2024 at 2:53 pm
The Missouri sports betting referendum is expected to be hotly contested. The post DraftKings Cuts Another Multimillion-Dollar Check for Missouri Sports Betting Campaign appeared first on Casino.org.
- Cedar Rapids Casino Would Feature Zach Johnson Restaurant and STEM Labby Devin O'Connor on September 19, 2024 at 1:50 pm
New details have emerged on the proposed casino in Cedar Rapids, Iowa. The post Cedar Rapids Casino Would Feature Zach Johnson Restaurant and STEM Lab appeared first on Casino.org.
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- Citigroup Trims Macau’s September GGR Amid Decline in VIP Betting Volumesby Vanja Mitic on September 19, 2024 at 2:52 pm
Citigroup has adjusted its estimate for Macau’s gross gaming revenue (GGR) for September, reducing its forecast from MOP$18.25 billion to MOP$17.75 billion (US$2.21 billion). This change follows a significant 10% decline in GGR during the week from September 9 to 15. According to Citigroup analysts George Choi and Ryan Cheung, Macau’s GGR for the first 15 days of
- North Carolina Nears Expansion of Betting Options with Pari-Mutuel and Esportsby Johnny K. on September 19, 2024 at 2:38 pm
Bettors in North Carolina may soon find a wider variety of wagering options, thanks to recent developments in the state’s regulatory landscape. On Wednesday, the North Carolina State Lottery Commission’s sports betting committee unanimously approved a proposal for pari-mutuel rule-making, which includes procedures that will help facilitate the implementation of these new wagering options. Following
- SpinOn Unveils Thrilling Book of Evil Slot in Partnership with Yggdrasilby Vanja Mitic on September 19, 2024 at 1:30 pm
SpinOn, the rising iGaming studio, has once again teamed up with Yggdrasil, expanding their presence in the industry by launching a new collaboration effort, Book of Evil. As part of Yggdrasil’s prestigious YGG Masters program, SpinOn continues to make its mark by delivering an immersive and spine-chilling slot experience. This latest release, launched on September 18th, 2024,
- Sky Betting & Gaming Reprimanded for Unlawfully Sharing User Databy Johnny K. on September 19, 2024 at 1:11 pm
Sky Betting & Gaming has come under scrutiny after unlawfully sharing customer data with advertising companies, leading to a formal reprimand (pdf) by the UK’s Information Commissioner’s Office (ICO). This reprimand stems from the company’s use of advertising cookies that processed users’ personal data without obtaining proper consent, exposing them to personalized marketing campaigns. The
- Crown Resorts Weighs Possible Offload of Capital Golf Club to Ease Financial Strugglesby Vanja Mitic on September 19, 2024 at 1:08 pm
Crown Resorts is exploring the potential sale of its renowned Capital Golf Club, part of its broader strategy to stabilize finances amid a challenging economic period. The prestigious 18-hole course, located in Heatherton, Melbourne, was designed by famed golfer Peter Thomson and opened in 1997. Originally reserved for Crown’s elite clientele, including celebrities like Tiger Woods and Celine Dion,
- Study Exposes As Much As £4.3bn Staked Annually on UK’s Growing Black Market Gamblingby Vanja Mitic on September 19, 2024 at 1:03 pm
A new study has revealed that up to £4.3 billion is being wagered annually by 1.5 million Brits on the UK’s growing black market for gambling. The research, conducted by Frontier Economics and commissioned by the Betting and Gaming Council (BGC), sheds light on the increasing risk posed by unregulated gambling to player safety, the economy, and UK sports. The study highlights how
- AvatarUX Launches New Slot Game Sweet Gummy with Innovative Featuresby Vanja Mitic on September 18, 2024 at 12:48 pm
AvatarUX, a leader in online slot innovation, has unveiled its latest creation, Sweet Gummy, a game that transports players into a vibrant candy shop brimming with playful jelly creatures and unique gameplay features. This new title introduces for the first time the innovative Wild Reel, designed to enhance the functionality of Wild symbols, promising an exhilarating gaming
- FDJ Accelerates Acquisition of Kindred Group with Early Closure of Acceptance Periodby Vanja Mitic on September 18, 2024 at 12:28 pm
La Française des Jeux (FDJ), France’s leading gaming operator, has announced an important update regarding its acquisition of Kindred Group. The acceptance period for the public offer, initially set to expire on November 19, 2024, has now been advanced to 5:00 PM CEST on October 2, 2024. This change follows the receipt of the final necessary regulatory
- EveryMatrix Announces Strategic Intent to Acquire Fantasma Games in a Significant Industry Moveby Vanja Mitic on September 18, 2024 at 12:20 pm
EveryMatrix, a renowned B2B iGaming software provider, has made a public offer to acquire all shares of Fantasma Games AB, a prominent developer of online casino games based in Sweden. The offer, priced at SEK 59 per share, totals SEK 209.8 million in cash, reflecting a strategic move to bolster EveryMatrix’s gaming output and market footprint. Acquisition details
- Gannett Announces Strategic Collaboration with BetMGM to Enhance Sports Betting Experienceby Vanja Mitic on September 18, 2024 at 12:06 pm
Gannett Co., Inc., a leading media and marketing solutions company, has partnered strategically with BetMGM, a top-tier sports betting and iGaming operator. This collaboration, set to unfold over several years, designates BetMGM as the preferred online sportsbook and casino partner for USA TODAY Sports. The partnership encompasses the integration of sports betting odds and information throughout