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Archive: Vol-22-No-25-June-24-2024
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Macau Study Ties High Minimum Wagers to Gambling Debt
Macau gamblers could be racking up unsustainable debt because of higher minimum wagers at table games. A new study says more than 30 percent of callers to problem gambling helplines owed more than $25,000.
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Aruze Lauds Rapid Expansion
Aruze Gaming Global announced that it has been approved for licensing in several new jurisdictions across North America and Asia, including approvals in Macau, the Philippines, Pennsylvania and two Canadian provinces.
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Aide to U.K.’s PM Investigated Over Election Date Bet
Craig Williams, parliamentary private secretary to U.K. Prime Minister Rishi Sunak (l.), is in hot water for placing a bet on when Sunak would call for the snap election. Opponents are using the revelation to bash Sunak as weak.
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Philippine Officials Pledge to Shut Down Illegal POGOs
The Philippines gaming regulator says up to 300 unlicensed offshore gambling operators may be doing business in the country, with some involved in criminal activities. Officials are strengthening efforts to shut them down.
Featured Stories More
WEEKLY FEATURE: Key Brazilian Senate Committee Moves Gambling Bill to Floor
A vote in a key committee of Brazil’s Senate moves a bill forward to the floor—one step closer to ending the casino ban that has existed since 1946 in the fifth-largest country in the world, and the largest untapped gambling market, the Brazilian Report detailed June 19.
Red Rock Ordered to Bargain with Culinary After Labor Board Ruling
The epic rivalry between Red Rock Resorts and the Culinary Union rolled on last week when the company was ordered by a federal labor board to bargain with the union in good faith after violating labor laws before an unsuccessful union election at Red Rock Resort (l.) in 2019.
Feds Lose Steve Wynn Foreign Agent Case
The Department of Justice has lost its case against Steve Wynn (l.) that had attempted to force Wynn to register as a Chinese foreign agent. A lower court’s dismissal was affirmed in federal appeals court.
Thai Casino Report Due by July 20
Thailand’s finance ministry will submit its report on legal casinos to the cabinet by the end of July. The study will look at the economic, social and cultural effects of the proposed industry and suggest rules and regulations.
Tabcorp Names Gillon McLachlan as New CEO
Former Australia Football League CEO Gillon McLachlan will now take the reins at Tabcorp, as the company looks to move on from former CEO Adam Rytenskild and bolster its position among Australia’s top books.
U.K. Labour Promises to Drive up Gaming Standards
Amidst the U.K. snap election, the Labour party, vying for power after 14 years, is pledging to continue to “strengthen protections” for responsible gambling. The election is scheduled for July 4.
U.S. High Court Refuses to Hear Florida Sports Betting Case
The court battle pitting two Florida parimutuels against the U.S. Interior Department began in 2021. And now, three years later, the U.S. Supreme Court looks like they ended it by refusing to hear the case.
Nebraska WarHorse Casino Opening August 6
The $250 million WarHorse Omaha casino (l.) at Horsemen’s Park racetrack will open August 6 with 800 slots, 20 table games and a sportsbook and simulcast facility. Phase two will open next spring with more gaming space, an outdoor smoking gaming area and 200-room hotel.
Playtech to Live-Stream MGM Table Games Online
Playtech and MGM Resorts International announced a strategic partnership under which games will be streamed to online casinos directly from the gaming floors of the MGM Grand and Bellagio in Las Vegas.
FANTINI’S FINANCE: PENN-ything is Possible?
It’s been an interesting few weeks for PENN Entertainment, so much so that investors are laying out several different possibilities of what the future may hold for the regional powerhouse.
GGB PODCAST: Frank Fantini, Founder and Publisher Emeritus of Fantini’s Gaming Report
This week we sit down with Frank Fantini, the founder and publisher emeritus of Fantini’s Gaming Report, on how he built a business by advising investors of how to put their money into gaming companies.
GGB Podcast sponsored by iGB Live.
ASIAN GAMING More
More Casinos in the Philippines? Tengco Says Yes
Alejandro Tengco (l.), the head of the Philippine Gaming and Amusement Corp. says there are enough integrated resort complexes in Metro Manila, but the industry could grow outside the capital region.
Philippine Junket Shuts Down, Insists Move Is ‘Temporary’
Dowinn Group, a Philippines-based casino junket, suspended operations last week in what a spokesperson called an “emergency temporary” measure. But insiders claim the business has “collapsed.”
Genting Exec: RWG Casinos Closed Only for Renovation
At a recent shareholder meeting, Genting Malaysia Berhad President and COO Tan Kong Han said closures at two casinos in Genting Highlands are temporary, and don’t mean trouble in the Malaysian gaming paradise.
EUROPEAN GAMING More
Gambling Hotline Wants U.K. Banks to Block Gambling Transactions
GamCare, operator of the U.K. National Gambling Helpline, is urging banks to block transactions between business cards and gambling outlets. This comes amidst reports of financial losses after cards were used to finance gaming.
GLOBAL GAMING More
Alberta Government: 55% of iGaming, Sports Betting is Unregulated
Alberta, Canada, is using the example of Ontario in crafting a competitive iGaming market. Alberta Gaming, Liquor, and Cannabis Commission (AGLC) estimates that 55 percent of residents wager at illegal sites.
SPORTS BETTING More
The U.S. Open Invokes “Happy Gilmore”: Heckling
How many times have you heard heckling in the same sentence as golf? Not since “Happy Gilmore.” Thanks to sports betting, it is becoming more of a sign of the times.
New York State Bill Sets Aside Percent for Gambling Addiction
New York State Senator Joseph P. Addabbo Jr. (l.) is the fellow to see when it comes to gambling and lawmaking. And he worked his magic on securing 1 percent of mobile sports tax revenue for gambling addiction services.
UNITED STATES GAMING More
Advocacy Group Reports Shareholder Support to Study Smoking Impact
Americans for Nonsmokers’ Rights reports that 57 million votes cast by shareholders of Bally’s Corp., Boyd Gaming and Caesars Entertainment favor studying the financial impact of continuing to allow smoking in casinos.
New Mavs Owner Confident Texas Will Welcome Gambling
It may not happen next year. Or 2026. Or 2030. But the new Dallas Mavericks ownership group can afford to wait and expect to be rewarded with a new arena, sports betting and a casino resort, all in Texas.
Atlanta Kroger Stores Offer Slot-Like Games
Slot-like “coin-operated amusement machines” have appeared in several Atlanta-area Kroger stores. The games pay out in gift cards, not cash, and help fund the state’s HOPE Scholarship program, Kroger officials said.
TRIBAL GAMING More
California Casino Resort Announces Opening
The $325 million Chicken Ranch Casino Resort (l.) will open Monday, July 15 in Jamestown, California, replacing the current facility and offering a 100,000-square foot casino, 175-room hotel and numerous upscale amenities.
Oklahoma Tribe Begins Casino Hotel Construction
The Muscogee Nation broke ground on the $69.8 million Lake Eufaula Casino and Hotel in Eufaula, Oklahoma. Expected to be completed in November 2025, the 78,000-square-foot venue will offer 500 gaming machines, a 46-room hotel and 90-seat restaurant.
Mohegan Fortunes Should Rise In Spite of Tightening Portfolio
Mohegan served as the management company for two very different casino resorts. Both contracts ended the same year as the opening of a much more lucrative casino resort developed by Mohegan in South Korea.
Oklahoma Law School Hosts Sovereignty Symposium
About 650 government and tribal leaders attended the 2-day event, hosted by Oklahoma City University. Speakers noted revenue from the state’s 146 tribal casinos continues to grow and has not reached a "saturation point."
PEOPLE More
Slot Influencer Christopher Enlisted by BetMGM
Top slot social influencer Brian Christopher has partnered with iGaming operator BetMGM as an official BetMGM brand ambassador in the first partnership of this type.
James Named Top Executive At Navajo Gaming
Navajo Nation Gaming Enterprises named 20-year industry veteran John James chief executive officer to oversee its New Mexico and Arizona properties. Previously James held the same position at venues in California, Washington and Arizona.
Newport World Appoints Hawke as CFO
Newport World Resorts operator Travellers International has appointed a new CFO, Laurence Hawke. On June 1, the company saw a mass exodus of C-suite executives, including former CEO Kingson Sian.
GOODS & SERVICES More
Light & Wonder Announces $1 Billion Share Repurchase
Light & Wonder has approved a program to repurchase up to $1 billion worth of the company’s outstanding common stock through June 12, 2027, renewing and upsizing its previous repurchase program.
Aristocrat Partners with Dallas Cowboys
Aristocrat Gaming and the Dallas Cowboys announced a deal naming the slot supplier as the “Official Partner of the Cowboys,” to involve prominent stadium signage, in-game promotions and more.
Novomatic Eyes Philippines
A top executive of Novomatic AG has indicated the company is focused on expanding its footprint in the Philippine casino market, as well as other Asian gaming jurisdictions.