Caesars Updates Restructuring Plan

Caesars Entertainment Corporation is offering disgruntled creditors a new restructuring plan that would return them around $4 billion, its projected take from a sale of Caesars Interactive, whose CEO,...

Published May 23, 2016

AGA Membership Grows By 50 Percent

The American Gaming Association recently announced its membership has grown by 50 percent since January 2015, due to a new membership and governance structure. The organization recently added AGS,...

Published May 23, 2016

S. Korea: No Imminent Lift on Locals Play

Due in part to the gaming monopoly held by Kangwon Land (l.) in South Korea, legislators may not consider lifting a ban on locals gaming throughout the land, according...

Published May 23, 2016

Domingo Tops at PAGCOR

Andrea Domingo (l.), the former head of the Philippines’ Bureau of Immigration, has been chosen by President-elect Rodrigo Duterte to lead the Philippine Amusement and Gaming Corp (PAGCOR).

Published May 23, 2016

Baazov Leaving Amaya Board

David Baazov (l.), the embattled former chairman, president and CEO of Amaya, will not seek reelection to the company’s board of directors amid charges of insider trading.

Published May 23, 2016

FANTINI’S FINANCE: Real Time With REITs

While real estate investment trusts (REITs) and currently the craze in the gaming industry, not all REITs are created equal. The recent creation of MGM Growth Properties is different...

Published May 23, 2016

GLOBAL GAMING BUSINESS PODCAST: Rino Armeni, Chairman and Founder, Las Vegas Business Academy

This week, the GGB Podcast features a special discussion with Rino Armeni, the chairman and founder of the Las Vegas Business Academy, about how his charitable foundation is enriching...

Published May 23, 2016

WEEKLY FEATURE: Congress Eyes DFS, Sports Betting

A Congressional hearing on daily fantasy sports—which also included discussions on legalizing sports betting—left observers feeling that little would come from Congress on regulating the DFS industry. The hearing...

Published May 16, 2016

Seminoles Made $2.4 Billion Last Year

The Seminole Tribe dropped an emergency motion to stop Politico from publishing the deposition of Seminole Gaming Chief Executive Officer James Allen (l.) after the website released it. Tribal...

Published May 16, 2016

Former California Regulator Admits Guilt, Gives Up Licenses

Robert Lytle, who resigned as director of the Attorney General’s Division of Gambling Control in 2007, last week reached an agreement with the California Attorney General’s office in which...

Published May 16, 2016

Agreement Reached on Atlantic City Rescue Plan

A compromise was reached late last week on a plan to rescue the finances of Atlantic City. The plan backed by Senate President Steve Sweeney (l.) was basis of...

Published May 16, 2016

Outlook Improving in Macau?

Macau’s gaming industry is starting to pick up according to Sanford Bernstein analysts, who predict GGR will improve month-on-month in May and hopefully trend up into the summer. Galaxy...

Published May 16, 2016

Baha Mar Sale Likely by September

A Bahamian judge approved a five-month extension of the ongoing process of finding a buyer for the stalled Baha Mar mega-resort project. With 16 groups expressing interest, one is...

Published May 16, 2016

Graham Slips RAWA Language into Funding Bill

U.S. Senator Lindsey Graham (l.) has included language calling for online gambling to be declared illegal into a Congressional funding bill. Graham is the sponsor of RAWA, which would...

Published May 16, 2016

GLOBAL GAMING BUSINESS PODCAST: Aron Ezra, President and CEO, OfferCraft

This week the GGB Podcast features a discussion with Aron Ezra, the president and CEO of OfferCraft on how his company develops unique methods to mine your existing database...

Published May 16, 2016

WEEKLY FEATURE: NFL Wavers on Sports Betting

A comment by NFL Commissioner Roger Goodell (l.) that he has “evolved” on gambling drew renewed calls from the American Gaming Association for legalized sports betting. Goodell’s insistence on...

Published May 9, 2016

Still No Help for Atlantic City

A planned vote in the New Jersey Assembly on an aid package for Atlantic City was cancelled leaving the resort no closer to solving its financial crisis as a...

Published May 9, 2016

Putin Says Azov-City Will Shut Down in 2019

Russian President Vladimir Putin has signed a bill that will close the Azov-City gaming zone in the Krasnodar Territory by January 2019, including the Oracle casino (l.). The shutdown...

Published May 9, 2016

Red Rock Resorts IPO Nets $531 Million

Red Rock Resorts netted $531.4 million on the first day of its initial public offering, making it the nation’s largest single-day IPO total so far this year. Most of...

Published May 9, 2016

Mashpee Tribe is Last One Standing in Mass Southeast

With the elimination of a possible casino in Brockton by the Massachusetts Gaming Commission last week, the Mashpee Wampanoag Tribe has nothing but a pesky federal lawsuit standing in...

Published May 9, 2016