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Atlantic City Casino Profits Fall 5% in August
- September 16, 2015 By Oliver Young -
The New Jersey Division of Gaming Enforcement released the report of August 2015 Gaming Revenue Results that shows a fall of 5% in Atlantic City casino profits. The report is taking into account the profit of $272.3 million won in August, 2014, and the profit of August, 2015, of a bit lower $258.6. However, if […] Continue Reading
Cherokee Tribe Looks to Cash in on New N.C. Casino
- September 15, 2015 By Samantha A. -
The Cherokee tribe outside in North Carolina has their sights set on bolstering their profit with another casino outside of Atlanta. While Georgia still works through litigation over casino’s being built in the area the surrounding areas are slowly accumulating the backing to finance their own resorts and casinos that will accommodate the potentially vast […] Continue Reading
Criminal Network Accused of Laundering Cocaine Money through Casinos
- September 14, 2015 By Oliver Young -
Andrew McManus, an Australian promoter, and four other individuals were accused of being part of a criminal network that laundered cocaine money through US and Australian casinos. The amount of cash laundered is, reportedly, around $5 million. According to the Sydney Morning Herald, McManus was arrested in a joint action of New South Wales (NSW) […] Continue Reading
Paddy Power and Betfair Agree on £5b Merger
- September 9, 2015 By Oliver Young -
The directors of Paddy Power PLC and Betfair PLC have informed shareholders that a merger worth £5 billion has been agreed between the two companies. As The Guardian reports, the shareholder benefits include 0.4254 new shares for a single Betfair share. In additional, a special dividend of €80 million is planned for shareholders of Paddy […] Continue Reading
Cherokee Tribe Looks to Cash in on New N.C. Casino
- September 8, 2015 By Samantha A. -
The Cherokee tribe outside in North Carolina has their sights set on bolstering their profit with another casino outside of Atlanta. While Georgia still works through litigation over casino’s being built in the area the surrounding areas are slowly accumulating the backing to finance their own resorts and casinos that will accommodate the potentially vast […] Continue Reading
Australia to Review Its Remote Gambling Laws
- September 7, 2015 By Oliver Young -
Scott Morrison, Australia’s Social Services Minister, has announced the government’s intention to review the country’s gambling laws or, more precisely, the Interactive Gambling Act of 2001. The Monday statement revealed that the initiative would be spearheaded by the former premier of New South Wales Barry O’Farrell. Morrison said in his statement that, according to the […] Continue Reading
NetEnt to Go Live in New Jersey after Receiving Transactional Waiver
- September 2, 2015 By Oliver Young -
Earlier this year, in June, the casino industry was delighted to find out that NetEnt has teamed up with Borgata and bwin.party in New Jersey. However, the company’s licence application is still under review and hence New Jersey players still haven’t gotten the chance to try any of the provider’s games. Nevertheless, New Jersey granted […] Continue Reading
Gambling Revenues in Nevada Fall Two Months in a Row
- August 31, 2015 By Oliver Young -
According to the Nevada Gaming Revenues and Collections report published by the Nevada Gaming Control Board, the gaming revenues in the state have fallen for the second month running. As it is highlighted in the document, the total gaming win of $922,886,804 is 0.95% lower than the total gaming win in July, 2014. In addition […] Continue Reading
Nearly Half of Dutch Online Gamers Have College Degree
- August 27, 2015 By Nemanja L. -
While some would even go as far as saying that all gamblers are daft to be spending their hard-earned cash at various gaming websites, residents of the Netherlands definitely cannot fall into this category. Namely, Dutch Gambling Authority Kansspelautoriteit (KSA) has found that residents of the country who gamble online boast better education than the […] Continue Reading
Court Rules Sports Gambling is Still Illegal in New Jersey
- August 26, 2015 By Oliver Young -
Even though New Jersey bided to bring legalized sports gambling in the state, the Third Circuit Court of Appeals in Philadelphia ruled against it in a 2 to 1 vote. Last year people in New Jersey voted in favor of the referendum to bring sports betting in the state. The state argued that this doesn’t […] Continue Reading