Caesars To File for Bankruptcy

The main subsidiary of Caesars Entertainment will file for bankruptcy in mid-January, the company declared last week after several high-ranking Caesars Entertainment bondholders walked out on negotiations to restructure...

Published December 22, 2014

Trump Taj Mahal Stays Open But Its Problems Aren’t Solved

Billionaire Carl Icahn (l.) had reportedly reached a deal with Atlantic City’s biggest casino workers union that would save the resort’s bankrupt Trump Taj Mahal, but hours later the...

Published December 22, 2014

WEEKLY FEATURE: RAWA Rejected

Speculation had run rampant that a proposed ban on online gambling backed by billionaire Sheldon Adelson would be attached to a last-minute omnibus spending bill introduced in Congress last...

Published December 15, 2014

In Manila, the Stuff That Dreams Are Made Of

The Philippines’ new $1.3 billion City of Dreams Manila held a soft opening over the weekend, treating the region to its first look at the second of four destination...

Published December 15, 2014

Amaya Raided in Canada

Amaya Gaming and two related financial companies were raided last week in Montreal by Royal Canadian Mounted Police and officials from a Quebec financial regulator. Amaya says it is...

Published December 15, 2014

Goldstein Named LVS Prez, COO

The question of succession at Las Vegas Sands got a little more clear last week when Rob Goldstein, longtime company executive, was named to replace Michael Leven as president...

Published December 15, 2014

Icahn: Union Concession Due by Monday or Taj Will Close

Potential Taj Mahal owner Carl Icahn (l.) has drawn a line in the sand for the city’s culinary union to accede to his demand. The casino has set December...

Published December 15, 2014

Some See Online Poker Passing California Legislature in 2015

The stars may be coming into alignment for the passage of a bill that would allow online poker in California, according to key legislators and industry experts. Rep. Mike...

Published December 15, 2014

AGA Study Analyzes Casino Impact

The American Gaming Association recently commissioned Oxford Economics to prepare a state-by-state survey of gambling's economic impact. AGA President and CEO Geoff Freeman says the results are dependent upon...

Published December 15, 2014

Sky Bet Fetches Nearly $1 Billion

Europe-UK pay TV giant Sky has sold its massive Sky Bet gaming division to CVC Capital for the equivalent of $941 million, and the final price may well exceed...

Published December 15, 2014

GLOBAL GAMING BUSINESS PODCAST: Joe Sigrist, Vice President of Global Product Management, IGT

This week, the GGB Podcast sits down with Joe Sigrist, the vice president of global product management for IGT, to discuss the new trends in the slot business, as...

Published December 15, 2014

AGA Sets Anti-Money Laundering Best Practices

After more than a year of extensive work, the gaming industry developed the first-of-its-kind, forward-looking guidelines, reaffirming commitment to culture of compliance and dedication to anti-money laundering efforts. American...

Published December 8, 2014

Walker, Potawatomi Sign Compact Amendment

Wisconsin Governor Scott Walker (l.) and the Forest County Potawatomi signed a compact amendment requiring the state to cover losses at the tribe's Milwaukee casino caused by the proposed...

Published December 8, 2014

Santa Ysabel Tribe Blasts California Lawsuit

A California tribe attempting to offer Class II gaming online is vigorously defending itself with a publicity blast against the state of California for challenging its online bingo casino....

Published December 8, 2014

GLOBAL GAMING BUSINESS PODCAST: Martin Storm, President & CEO, BMM Testlabs

This week the GGB Podcast joins Martin Storm, the president and CEO of BMM Testlabs about the growth of his company and how the testing business is changing.

Published December 8, 2014

WEEKLY FEATURE: China Says Kick the Gambling Habit

A top Chinese official says Macau is too reliant on the casino industry and must do a better job at diversifying its economy for the benefit of the “whole...

Published December 8, 2014

Lee Prevails in Full House Proxy Fight

Former Pinnacle Entertainment CEO Dan Lee is the winner in a brief but contentious battle for control of Full House Resorts of Las Vegas. On December 1, Lee was...

Published December 8, 2014

City of Dreams Manila Opens This Week

The second of Manila’s four new megaresorts is staging a soft opening for December 14. The $1.3 billion City of Dreams Manila, developed by Macau casino giant Melco Crown...

Published December 8, 2014

Queensland Hits Back at Fung, Aquis

Hong Kong billionaire Tony Fung says Queensland regulators have jeopardized his $8 billion Barrier Reef casino plans by delaying approval of his purchase of a small casino in Cairns...

Published December 8, 2014

Incheon Megaresort Breaks Ground

The first of a new generation of destination resorts in South Korea has broken ground near the country’s main international airport at Incheon. The joint venture between the country’s...

Published December 1, 2014