Hellenic Gaming Commission Executive President, Evgenios Giannakopoulos, stated that the amount of money gained from illegal Greek gambling exceeds the amount of money made from the country’s legal market. The Greek legal gaming market’s profits has shown a decline of about 35 percent from 2009 to 2013, dropping from 8.7 billion euros to 5.5 billions respectively. A decline was also recorded in gross profits where 1.5 billion euros were made in 2013 compared to 2.5 billion in 2009. Official data released by the Greek Commission for the Supervision and Control of Games (EEEP) has shown that profits from 60,000 to…

Star Gazette – That hopeful moment in a bingo game when you are just one number away from winning is called the waiting. Rosa Pipher, of Endicott, was waiting on G-50. The number glowed on the video monitor at the Endicott Elks Lodge 1977 weekly Monday night game. She was just three syllables away from calling out bingo and collecting her winnings. “Bingo!” a woman’s voice calls out behind Pipher, apparently winning on the number before G-50. Pipher is not the only one to groan among the dozens of players, their bingo cards taped together for maximum ink-stamping efficiency. “Bingo…

Biz Journals – The latest ruling in the ongoing battle of the legality of a casino in downtown Buffalo was made but resolution of the eight-year-old case doesn’t seem any closer. A motion made by the National Indian Gaming Commission to intervene and be a party to the lawsuit by Citizens Against Casino Gambling in Erie County was denied May 28 by the U.S. Court of Appeals, Second Circuit. The commission, however, was granted the ability to file amicus curiae brief, which can be presented by an entity interested in influencing the outcome of a lawsuit but who is not…

Wall Street Journal – From the outside, there doesn’t appear to be anything special about Ren Ningning’s farm southeast of Beijing, tucked among plots of lotus root and other crops. But once beyond the redbrick wall and locked iron gate, a visitor enters into a rich man’s fantasy land—a sprawling, 100-acre equestrian estate with row after row of stables and some of the priciest horses in China. There is a clubhouse filled with racing paraphernalia: saddles emblazoned with Chinese flags, medals and trophies from past victories, and an odd enormous floor lamp—in the shape of a horse, of course. Outside, there’s space for…

Maryland casino revenue climbed nearly 10 percent in May , with the bulk of gaming coming from Maryland Live Casino. The state’s four casinos brought in $75.8 million during the month, up $6.6 million from $69.2 million in May 2012. Maryland Live, the state’s largest casino, generated $59.5 million, up 8.1 percent from $4.5 million a year before. The casino operates 4,204 slot machines and 189 table games. Hollywood Casino Perryville’s revenue dropped 8.7 percent, or $748,272, to $7.8 million in May. The casino operates 1,158 slot machines and 22 table games. Casino at Ocean Downs brought in $4.7 million,…

Online Poker News – Sheldon Adelson’s stance against online poker is no secret by now, and his strong and very rich opinion has some people nervous. Adelson, CEO of Las Vegas Sands, makes it very clear just how far he’s willing to go to “protect” the US from online gambling. He’s threatened to “spend whatever it takes” on his anti-Internet gambling cause and in January of this year, he formed the Coalition to Stop Internet Gambling. Adelson’s argument against online poker and online gambling is that it is morally wrong, preying on underage gamblers and other vulnerable sectors of society,…

Reuters – Tokyo Governor Yoichi Masuzoe on Friday said developing a casino was not a priority for the city and urged more debate about potential problems like money laundering that could arise should casinos be legalised in Japan. The governor has said little about the issue and investors, lobbyists and global casino operators have been waiting for him to clarify his stance, as Japanese lawmakers prepare to consider a bill to open up the country to casino gambling. “This is not at the top of my agenda. I don’t believe that you must have casinos to improve the economy,” Masuzoe…

Sacramento Bee –  Major California tribes with casinos announced Tuesday that they had reached agreement on legislation that would legalize online poker in the nation’s largest state. In a letter to state Sen. Lou Correa, D-Santa Ana, and Assemblyman Reginald Jones-Sawyer, D-Los Angeles – the authors of online poker bills that had each attracted support from various members of the state’s influential tribal casino industry – 13 tribal leaders said they had come to terms. “As you know, this journey has been long and difficult, but the challenges posed by the Internet demand that we harness rather than cede the…