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Casino
December 15, 2020
Penn Acquires Operations at Hollywood Casino Perryville
Penn National Gaming announced today the company would be re-entering the market in Maryland as it entered into a definitive agreement with the real estate investment trust (REIT) Gaming and Leisure Properties (GLPI) to acquire the operations of Hollywood Casino Perryville. “Penn National is excited to acquire the operations of Hollywood Casino Perryville, a property […]
Casino
December 15, 2020
AGA Finds 2021 Promising for Higher Slot Reporting Threshold
As the casino industry expands across the country, and the amount of slot jackpots grows, so does the problem with the slot reporting threshold. The IRS Threshold Issue Was Raised at the First G2E Insider Live Webinar The issue of the low IRS threshold was commented on in the first G2E Insider Live webinar, “The […]
Casino
December 15, 2020
LeoVegas Goes Live with Pink Casino Brand in Canada
Pink Casino, a LeoVegas Group brand, is debuting in Canada which adds to the group’s efforts in securing a more permanent position on the North American market. Pink Casino Makes Its Mark on Canada LeoVegas continues with the expansion of its Pink Casino brand across Canada bringing local players a world-class gaming and entertainment experience, […]
Casino
December 14, 2020
Japan National IR Casino Opening Pushed Back Beyond 2025
Plans for opening the first integrated casino resort in Japan suffered a setback after an official announcement at a joint sub-committee meeting pushed the original 2025 date for the second half of the 2020s. IR Casino Opening Delayed to Late 2020s The Japanese government admitted it would not be able to have its first IR […]
Casino
December 14, 2020
AUSTRAC Identified Serious Risks Related to Junket Operations
Australian financial crime watchdog AUSTRAC uncovered a number of criminal activities related to casino junket operators which are being targeted by organized crime and foreign spies to facilitate dirty cash flows through the casinos, as well as make political donations. “Some junket tour operations have been exploited, and in some instances infiltrated, by serious and […]
Casino
December 14, 2020
Richmond, B.C. Gets $400,000 in Contributions from Casinos
Richmond has received over $400,000 in contributions to school parent groups so far to support extra-curriculum activities, part of a broader Community Gaming Grants initiative in British Columbia Educational PACs in Richmond Receive Sizeable Gaming Contributions The British Columbia Community Gaming Grants initiative is paying off as school parent groups in Richmond have received $414,300 […]
Casino
December 13, 2020
Two Employees at Star Casino Dismissed and Banned over Misconduct
The Star casino in Sydney, Australia dismissed two casino special employees over misconduct. Consequently, the NSW Liquor and Gaming Authority banned the two employees for 5 years. Two Employees Dismissed by the Star Casino Two employees of the Star Casino in Sydney, Australia were dismissed and banned over misconduct. After the Star dismissed the employees […]
Casino
December 13, 2020
Morgan Stanley Expects Macau to Extend Concessions
Morgan Stanley expects the Macau Government to grant extensions to 2025 for its concessionaries due to the economic effects of the COVID-19 pandemic. Analysts Expect Extension Morgan Stanley analysts believe that the Government of Macau will likely drop its initial plans to hold an open tender for gaming licenses before June 2022. Instead, the country […]
Casino
December 12, 2020
Wind Creek Closes Down for 3 Weeks to Help Curb the Virus
Wind Creek Bethlehem will reluctantly obey the state-wide order to shut operations, Wind Creek Hospitality President and CEO Jay Dorris stated, while expressing his understanding of the need to curtail the surge of the virus. Safety Requirements Did Not Avert Second Closure Jay Dorris was disappointed that the property is forced to close down for […]
Casino
December 12, 2020
Gun Lake Casino in Michigan Shares $150M with Authorities in 10 Years
More than $150 million was shared with local and state governments since the Gun Lake Casino in Michigan opened nearly 10 years ago. Employing more than 1,100 people, the casino operates while following strict health and safety guidelines during the pandemic. Gun Lake Casino Shares $150m in Michigan and Beyond Since its opening in February […]