Category: Land Based Gaming and Casinos
Underage gambling not worth risk: 20-year-old forfeits jackpot
The Express-Times – Slipping into the casino to gamble while underage might seem a harmless adventure, but it’s likely you won’t walk away with any big winnings, Pennsylvania Gaming Control Board spokesman Doug Harbach says. An underage visitor might instead be walking away with a criminal record. That could be the fate awaiting Rong Lin, 20, of Fresh Meadows, N.Y., after police determined Wednesday evening he had a fake ID after he’d won a jackpot at a Sands Casino Resort Bethlehem slot machine. Police and gaming officials say they don’t know the precise size of the jackpot which ended up giving away…
Illinois Allows Courts To Garnish Winnings
The state of Illinois has had a major issue with child support over the last few years and more specifically, people not paying their child support. It has been reported that the state has a massive $3 million in unpaid child support out there, and they are trying to figure out how to get some of that back. They may have something on their hands with a recent bill they came up with and it has been signed, sealed and delivered. Governor Pat Quinn has stepped up to the plate to fight this battle, signing a bill that would give…
New York casino vote looks like a good bet
From Times Union – The gaming industry is optimistic voters will approve Gov. Andrew Cuomo’s casino expansion plan in November — despite almost no promotion by the governor. “I can tell you this referendum is going to pass,” said James Featherstonhaugh, president of the New York Gaming Association, on Wednesday. Featherstonhaugh refused to disclose why he has reversed his earlier pessimism, https://www.thisweekingambling.com/wp-admin/post-new.phpalthough he said the blueprint negotiated by the state Legislature and Cuomo is fair. He is part owner of Saratoga Casino and Raceway, a racino in Saratoga Springs. Private polls are turning up strong support, others in the gaming industry said. Featherstonhaugh’s comments…
AGTech clinches new China sports lottery deal
iGaming Business – Chinese sports lottery software and systems developer AGTech Holdings has announced that its Beijing subsidiary AGTech GOT Technology has won a tender to supply C8 sports lottery terminals to the Guizhou Sports Lottery Administration Centre (SLAC). The CalvinAyre.com website said that AGTech GOT, which will share business with multiple other suppliers, will provide approximately three-quarters of the total allocation to the SLAC. The news come shortly after AGTech GOT won a similar deal in May in the eastern Anhui province of the country. As a result of the recent deals, the company now supplies more than half…
Sheldon Adelson Lashes out at MGM and Caesars
Pokerati – Having navigated MGM Resorts International through almost four years of turbulent economic waters, Jim Murren has grown used to hearing negative comments from haters and detractors. What surprised Murren, however, were some recent vitriolic remarks directed at his company from a competing corporate office down the street. Las Vegas Sands Corp. Chairman Sheldon Adelson used his quarterly earnings conference call to blame Caesars Entertainment Corp. and MGM Resorts for driving down hotel room rates along the Strip, thus, diminishing Adelson’s earnings in Las Vegas. Adelson claimed the industry-leading long-term debt carried by Caesars ($23.7 billion) and MGM Resorts…
Casino Smoking Ban for Spanish Resort
Spain’s decision-makers have gone on summer break without resolving a casino smoking ban. That’s an issue for a new resort project from Sheldon Adelson, and a potential deal breaker. The country’s central government has started its annual August holiday without ruling on a request by Las Vegas Sands Corp that smoking be allowed in its proposed casino resort, reports the country’s ABC newspaper. “The government has gone on vacation without a change to the casino smoking ban, or whether to allow smoking in EuroVegas,” said the outlet, using the name tag commonly applied by media – but not the company…
Caesars Cuts Losses on Chinese Play
From The Street – Caesar’s Entertainment (CZR_) has failed on its bet in China. The Harrah’s casino operator agreed to sell its Macau property to Chinese real estate developer Pearl Dynasty Investment for $438 million after failing to get a gambling license in the Chinese region. The transaction, revealed in a Friday, Aug. 9 regulatory filing, comes as the Las Vegas casino operator struggles under the weight of $23.7 billion in debt in a deeply competitive U.S. casino industry. Caesars paid $578 million for the golf course property in 2007, with plans to eventually develop it into a hotel and…
Baccarat: The Game That Drives Chinese Gambling
From The Motley Fool – Macau’s hot streak continued in July after a 20% increase in gaming revenue from a year earlier and increasing the full-year jump to 15.9% from a year ago. Clearly, the gaming market isn’t slowing, particularly the mass market that will likely drive the industry’s growth in coming years. Macau really comes down to one game in two segments: VIP baccarat and mass-market baccarat. In the first half of the year, this single game accounted for 91.3% of gaming revenue, and the trend doesn’t appear to be stopping. What is changing is the players gambling. No…

















