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Arizona Seeks To Introduce Keno Statewide Outside Tribal Compact

A new legislative proposal is being introduced to expand gambling in Arizona, despite protests from Native American tribal groups who say it will violate their existing compact with the state. Introduced by Sen. Sonny Borrelli, the bill aims to permit electronic keno games within bars and clubs in the state. The bill has been modified extensively in response to earlier criticism. In the current version, provisions are limited to keno, eliminating the game of bingo that was previously proposed, under [...]

Atlantic City Casinos See Strong Revenue Growth In January

Casinos in Atlantic City have started the new year on a positive note with a 7.7 percent increase in their January gambling revenue. The latest results released by the New Jersey Division of Gaming Enforcement (NJDGE) shows that the remaining seven casinos in the city netted $204.6 million from gamblers in the first month of the year. The revenue collections yielded $16.5 million in taxes to the state. The strong performance is welcome for the struggling gambling hub which [...]

New York Turns Into Major Gaming Hub As New Casinos Become Operational

With three of the four planned casinos having begun operations, the state of New York is well on its way to becoming a key gambling hub in the United States. The trigger for the large scale gambling expansion in the state was the 9/11 attacks. At that time the state had only two casinos, both of which were tribal casinos that had been set up as a result of federal law. The then-governor George Pataki mooted the idea of expanding gambling [...]

United States Tops List Of Global Gambling Losses In 2016

The United States is reigning at the top of the world’s gambling markets with the maximum gambling losses according to a market intelligence firm H2 Gambling Capital (H2G). A report by The Economist quoting H2G has stated that the global gambling industry saw a total profit of $385 billion in 2016. Online gaming,which accounted for 11 percent of total global gaming proceeds,was named as the fastest growing segment. With nearly $116.9 billion, gamblers from the United States sustained the maximum [...]

Colorado’s Monarch Casino Holds Ground-Breaking Ceremony For Expansion

The Monarch Casino Black Hawk located in the state of Colorado has been in the process of expanding its facilities and recently held a ground breaking ceremony to commemorate the expansion. The casino is located in Black Hawk which is nearly 40 miles out of Denver and the extension is occurring on an adjacent site. A number of dignitaries including officials from the local government and senior company representatives attended the celebrations. Some of the key leaders present were John [...]

Carl Icahn Confirms Intention To Sell Trump Taj Mahal Casino

Billionaire investor Carl Icahn has formally announced his decision to sell the shuttered Trump Taj Mahal casino in Atlantic City. Icahn who was recently named as a special adviser to U.S. President Donald Trump, the original owner of the casino said in a statement released on his personal website that he will be selling the casino even if at a loss instead of further investing the $100 to $200 million into it like he had promised earlier. The Trump Taj [...]

Saipan Casino Nets $5.59 billion VIP Rolling Chip Volume In January

Best Sunshine Live, the sole casino operating on the Pacific island of Saipan has posted a remarkable growth of 147 percent in its unaudited VIP gambling rolling chip volume for the month of January. The Best Sunshine Live casino is owned by Hong Kong based firm Imperial Pacific International Holdings Ltd According to a filing made with the Hong Kong Stock exchange, the value of this volume in January 2017 was $5.59 billion. The casino’s rolling chip volume for January [...]

Macau Police Cracks Down on Illegal $626 Million UnionPay Terminal Scam

The Judiciary Police in Macau has estimated that the value of retail transactions carried out through unregistered China UnionPay Co Ltd handheld terminals was MOP4.995 billion (US$625.5 million) for the year 2016. The law enforcement agency had opened 25 investigations into allegations of unregistered terminals being operated in the city. While 20 of these investigations were given to Prosecutions Office for processing, five were dropped due to lack of evidence. Based on their investigations, the police identified 53 individuals as [...]

Puerto Rico’s Economic Crisis Forces Yet Another Casino To Close

Yet another casino in Puerto Rico has announced that it is shutting down operations due to the tough economic conditions in the country. Along with the hotel portion, the casino facility situated within the El San Juan Hotel in Isla Verde sector of Carolina had closed temporarily last year for a total refurbishment. It was scheduled to reopen early February but a hotel official has announced that it would not be opening as planned. In a statement co proprietor Andro Nodarse [...]

MGM Asks Connecticut Tribes To Reveal Rationale For Third Casino

Casino operator MGM Resorts International which is developing a $950 million casino in Springfield, Massachusetts has asked Native American casino operators in neighboring Connecticut to release the economic analysis that led them to shortlist East Windsor and Windsor Locks as possible locations for their competing casino. MMCT, the joint venture company created by the Mashantucket Pequots and Mohegan tribes has proposed developing a casino near the state border which is close to the MGM Springfield facility in an attempt [...]