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Business
December 29, 2019
Gateway Merges with Leisure Acquisition Corp Following a Costly Deal
Gateway Casinos & Entertainment Ltd – one of the biggest and most diversified gaming and entertainment Canadian operators – officially announced its merger with the publicly-listed Leisure Acquisition Corp. Gateway’s Merger Estimated at $1.12-billion In a statement released on Friday, Gateway Casinos has clarified that the company will merge with Leisure Acquisition Corp, a publicly listed […]
Business
December 28, 2019
Nagasaki IR Budget Estimated at up to $3 Billion
Nagasaki prefecture has announced it is seeking for a casino resort partner to invest up to $5 billion in its IR project. Nagasaki Competes for an IR License with 8 More Locations Several cities have officially announced their intention to win the license for developing one of the three Japanese integrated resorts (IRs) – a […]
Business
December 28, 2019
Nevada Gambling Results in November, 2019 Drop by 3.1%
Nevada’s gaming regulator reported a 3.1% decline in gambling revenue while sports betting climbed up by 5.5%. This is the second time in a row that Nevada lost GGR in the gambling segment. Gambling Revenue Collapses throughout Most of Nevada for November Sports betting in Nevada continues to climb up consistently, even though November brought […]
Business
December 27, 2019
Osaka Says March 31, 2027 Latest for IR Arrival
Osaka expects to be able and deliver an integrated resort project by March 31, 2027 should it be selected for the inaugural project. A special merit-based point system was established to select a suitable private-sector partner. Osaka Expects Resort by 2027, Releases Point System The government of the Japanese Prefecture of Osaka announced that any […]
Business
December 27, 2019
Connecticut and Tribes Almost Reached a Gambling Deal, Emails Reveal
Emails between the Democratic Governor of Connecticut Ned Lamont and Rodney Butler -Mashantucket Pequot Tribal Chairman – that have only recently been revealed by the Associated Press leaked information that earlier this year Gov. Lamont was close to signing an important gambling agreement with the state’s two federally recognized Native American tribes. The Agreement Had […]
Business
December 25, 2019
Japanese MP Arrested for Accepting Kickbacks for Integrated Resort Lobbying
A Japanese Member of Parliament (MP) was arrested on Wednesday, December 25, for allegedly accepting a $34,000 kickback to assist a company to secure rights over the first integrated resort project in the country. Member of Government Arrested for Allegedly Accepting Bribe for IR A Japanese MP was arrested on Wednesday, December 25, on suspicion […]
Business
December 25, 2019
New Hampshire Joins Mobile Betting States on December 30
On December 30, New Hampshire will become the second New England state after Rhode Island to have introduced mobile sports betting as an option. New Hampshire Introducing Mobile Sports Betting Next Week New Hampshire will become the next state in New England to introduce mobile sports betting, starting as early as next week. Previously, Rhode […]
Business
December 24, 2019
DraftKings Becoming Public Through Merger with SBTech
A $3.3-billion merger between DraftKings and SBTech has been signed. This outcome is not a surprise as different sources claimed earlier this year that DraftKings was very close to acquiring SBTech. Diamond Eagle Acquisition Corp Acquires DraftKings and SBTech The digital sports gaming company DraftKings Inc., popular for its fantasy sports and mobile sports betting, […]
Business
December 23, 2019
Ladbrokes Opens Concept Betting Shops to Recoup Losses over FOBT Stake Cut
The last of the two new Ladbrokes concept betting shops was opened on Stephenson Street in Birmingham on Thursday, December 19. The first one – Coral shop – was launched earlier this month at Warren Street. Tough Times for the UK’s Sports Betting The two outlets are opened at a moment when the UK’s betting […]
Business
December 22, 2019
Philippines Arrest 342 Chinese Nationals in POGOs Sector
In a Thursday raid, the Philippines arrested 342 Chinese nationals working illegally in the Philippines’ increasingly divisive offshore gambling industry. Hundreds of Illegal POGO Workers Arrested On Friday, December 20, the Philippines said that they had detained hundreds of illegal Chinese workers who were hired to work in the country’s offshore gaming operators. The arrests […]