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Casino
October 30, 2024
Michigan Coin Dealer Accused of Fraud and Gambling Away Customer Funds
In Michigan, coin and jewelry merchant Matthew Joseph Burton, age 52, stands accused of several serious crimes. Coin Shop Owner Accused of Defrauding Clients to Fuel $5M Slot Machine Habit Burton stole hefty amounts from his patrons, money they had given him to buy gold and silver. He did not give them the metals they […]
Casino
October 30, 2024
Bucks County Says No to Skill-Based Games in Pennsylvania
The latest blow to the skill-based games segment comes not from a court ruling or an enforcement action but from a township council meeting in Bensalem, Bucks County. During the meeting, locals voted unanimously to block skill-based games that imitate slots but argued that they take a “skill factor” to win. Pennsylvania’s County Mounts Resistance […]
Casino
October 29, 2024
Reno’s Grand Sierra Resort Asks City to Help Fund GSR Arena
The Reno City Council has granted preliminary approval toward possibly providing financial support for the Grand Sierra Resort’s (GSR) ambitious arena project. This decision will allow for a third-party review to gather more information and evaluate the project’s impact. Although the city has not allocated any funds yet, and the final decision is pending, the […]
Casino
October 29, 2024
CEASE to Hold Press Conference Against Indoor Smoking at Norfolk Casino
As the Norfolk casino project inches closer to realization, Casino Employees Against Smoking Effects (CEASE) hopes to convince the owners to abandon their plans for an indoor smoking area. To that end, the organization will hold a press conference where representatives will highlight the dangers of tobacco smoke. CEASE Will Try to Convince the Casino […]
Casino
October 29, 2024
Nebraska Auditor Slams Gaming Commission for Oversight of Casino Tax Money
Mike Foley, Nebraska’s State Auditor, has put out an audit report that attacks the Nebraska Racing and Gaming Commission‘s handling of the state’s casino tax money. Foley Warns of “Nonexistent” Review of Tax Reports by Commission Foley calls the Commission’s oversight “lackluster” and sometimes “nonexistent”, reported the Omaha World-Herald. The audit looks at the fiscal […]
Casino
October 29, 2024
Lake Elsinore Casino Fined by FinCEN for Anti-Money-Laundering Failures
The Financial Crimes Enforcement Network (FinCEN) just slapped a $900,000 fine on the Lake Elsinore Hotel and Casino in California. This marks FinCEN’s first move against a casino in six years. Alleged BSA Violations Lead to Penalty for Lake Elsinore Casino The penalty is part of a deal to settle alleged violations of the Bank […]
Casino
October 28, 2024
College Township Prepares Impact Study for Nittany Mall Casino
College Township is taking proactive steps to assess the potential effects of the upcoming Nittany Mall mini-casino by initiating a comprehensive impact study. The $120 million casino, opening in 2026, will house 750 slot machines, 30 table games, and a sportsbook in the State College area, necessitating a thorough understanding of the development’s social and […]
Casino
October 28, 2024
Alberta’s Camrose Casino On the Edge of Bankruptcy
An official decision by an Alberta court ordered Camrose Casino into receivership last Thursday due to unpaid debts. This development follows two previous forbearance agreements earlier in the year, marking a critical moment as the casino failed to meet several default criteria, leading to Ernst and Young’s appointment as the receiver. A Final Effort to […]
Casino
October 28, 2024
Casino Mogul Advised Donald Trump on Key Staff Appointment
Former President Donald Trump just appeared in a three-hour interview with famous podcaster Joe Rogan, providing some insights into his political career. In a curious reveal, Trump admitted that he needed a lot of outside advice for key staff appointments – some of which he got from casino mogul Phil Ruffin. “He’s Got That Poker […]
Casino
October 28, 2024
Catalyst Capital Seeks $1.3B in Private Debt for Gateway Casinos
Gateway Casinos & Entertainment, a top casino operator in Canada, plans to raise CAD1.8 billion ($1.3 billion) in private debt. Gateway Casinos Wants to Reshape Debt and Reward Investors Amid Credit Constraints People close to the matter say the company wants this money to reshape its current debt and give dividends to its shareholders, reported […]
