The Madness of Crowds

The gaming industry is logging record revenues, but that does not mean it is perfect, by any means—oftentimes, those who venture to point out its shortcomings are doing so out of love, and a desire for things to improve for future generations. Such is the case with Richard Schuetz (l.), whose half-century of experience has touched nearly every aspect of the industry.

Experts: AI, Social Engineering Pose New Challenges

In expert presentations at last week’s World Game Protection Conference in Las Vegas, social engineering experts commented that operators must deal with new challenges from artificial intelligence and high-tech hacks.

IGT, Everi to Merge in $6.2 Billion Deal

IGT will spin off its gaming and digital divisions to create a new company in combination with Everi Holdings, Inc. in a $6.2 billion deal. The new public company will retain the IGT name.

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Alabama Senators Review Gambling Legislation

Legislation including casino gambling, a lottery and sports betting easily passed the required two-thirds of the Alabama House. But rounding up enough support among Senators isn’t a given, with some urging paring down the measure to lottery only.

Does Macau Gaming Crime Bill Miss the Mark?

Newly proposed gaming legislation in Macau, sent to the Legislative Assembly for review, creates new categories of crime and punishment without suggesting preventive measures, say several industry experts.

Tigre de Cristal Buyer Exits Deal

A controversial deal to sell the Tigre de Cristal casino in Russia is off. The would-be buyer, Dalnevostochnyj Aktiv LLC, has notified operator Oriental Regent Ltd. of its intent to withdraw from the agreement.

Sweden Bans Gambling With Credit

Sweden’s ban on gambling with credit is coming under assault from the Swedish Trade Association for Online Gambling (BOS). BOS claims the government’s new stand is 180 degrees from its previous stance.

Ohio Gaming Commission Prohibits Collegiate Prop Bets

At the request of the NCAA, the Ohio Casino Control Commission put an end to proposition bets on collegiate games in-state. The primary reason is to avert harassment or worse against players should such a bet go bad.

FANTINI’S FINANCE: Back to the Future

One of legendary investor Peter Lynch’s most-quoted aphorisms is that of “deworseification,” meaning that diversification is not always sensible. IGT has spun off its lottery business and returned to gaming full-time, a move that Lynch (and gamers everywhere) would surely approve.


RWG Closes Malaysian Casinos for Upgrades

Malaysia’s sole integrated resort, Resorts World Genting (l.), announced last week that it had closed two of its three casinos effective February 28. It disputed reports that the closures would be permanent.

Philippines Still Working to Exit Grey List

Officials in the Philippines say they are making progress in efforts to be removed from the “grey list” of jurisdictions that are vulnerable to money laundering and other financial crimes.


Finland Warned on Gambling Harm Trends

Finland’s Health and Welfare Institute warns that although the numbers of Finns gambling has declined, that there may be an increase in gambling harms. The warning comes from a survey published every four years.



China Busts $100 Billion iGaming Ring

China’s Ministry of Public Security has uncovered a “mega cross-border online gambling case” valued at $100 billion. Law enforcers arrested 93 people on the mainland in association with the case.



Iowa Lawmakers Approve Casino Tax Cut

An Iowa House panel advanced a bill to lower taxes on gross gaming revenue at the state’s 19 casinos from the current 22 percent to 19 percent in 2027. Proponents said that would help Iowa’s gaming industry compete with new casinos in Nebraska and Illinois.

Philadelphia Council Targets Skill Games

The Philadelphia City Council held a contentious hearing on a proposed ban on so-called skill games, which mimic slot machines but operate outside of Pennsylvania gaming regulations.

Veterans Protest Florida Gambling Bill

Florida legislative committees passed similar bills increasing penalties for illegal gambling operations. But veterans groups said the bills’ vague language could cause unintended consequences and impact fundraising.

Mississippi Senate Addresses Casino Approval Process

Responding to the Mississippi Gaming Commission’s controversial casino site approval to a Biloxi developer without state permission, Senators are reviewing a bill to overhaul the casino approval process and require a lease from the Secretary of State.

Countdown to Tropicana Closure Reaches One-Month Mark

We are officially less than one month away from the closure of the Tropicana Las Vegas (l.), as regulators and operators alike prepare to begin construction on a new stadium for the Oakland, soon-to-be Las Vegas Athletics.

West Virginia House Considers Responsible Gaming Bill

A West Virginia House committee advanced the Responsible Gaming and Research Act, which requires gaming operators to provide anonymous player data to West Virginia University to help legislators create safe-gambling laws.

North Carolina Offers Self-Exclusion Program

Ahead of the March 11 debut of sports betting in North Carolina, regulators kicked off a new voluntary gambling self-exclusion program. One application will block participants from accessing all gambling apps in the state.


Arizona AG: HHR Machines would Violate Compact

The Arizona Attorney General’s Office has issued an opinion that the addition of historical horse racing machines to the state’s racetracks would violate its gaming compact with Native American tribes.

Hackers Attack Arizona Casino Systems

Casino del Sol in Tucson was attacked by unknown hackers on February 21, causing ATMs, credit card systems, Wi-Fi, TV, phones and electronic door keys to go down. Table games and bars and restaurants shifted to cash-only.


Michael Daly Out as CEO of Catena Media

Michael Daly (l.) has resigned as CEO from Catena Media following disappointing fourth-quarter results and a stock price that has fallen as much as 80 percent.

Interblock CEO Named ‘Exemplary Executive’

Last month, Global CEO of Interblock Gaming John Connelly (l.) was named one of the year’s exemplary leaders in Vegas Inc.’s 2024 C-Suite Honors. The award celebrates leading executives in southern Nevada.




Outrageous pronouncements, simple statements and words of wisdom.