News
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Petersburg Withholds $1.4B Casino Proposal, Stirs Transparency Concerns Amid Controversial Selection Process
2024-07-16
Petersburg, Virginia officials have declined to release the winning proposal for the city’s ambitious casino project, citing the cancellation of the competitive bidding process and the absence of an awarded contract to Maryland-based Cordish C...
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Las Vegas Culinary Union Members at Virgin Hotels Plan Two-Day Strike Over Contract Deadlock
2024-07-16
Hospitality workers at Virgin Hotels in Las Vegas are gearing up for a two-day strike as contract negotiations with their employer stall, according to union officials. Culinary Local 226 members are the only workers along the resort corridor yet to...
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Caesars money laundering charges–up to $20 million fine possible
2024-07-10
Caesars Entertainment Corp. said in a quarterly Securities and Exchange Commission filing yesterday that they are in discussions with the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCen) to settle charges of money...
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Hard Rock International Shows Support For Nepal
2024-07-10
ORLANDO, Fla., May 14, 2015 /PRNewswire/ — Hard Rock International is joining forces with the American Red Cross to support those affected by the recent devastating earthquakes in Nepal. Guests at Hard Rock Cafe locations throughout the United...
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Singapore Minister says no new licenses for gaming
2024-07-10
Singapore’s Senior Minister of State for Trade and Industry Lee Yi Shyan told media there will be no new casino licenses awarded after a 2017 moratorium expires. Lee Yi Shyan made the announcement on Monday explaining the Government wants to f...
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Las Vegas Sands willing to invest over $6 Billion in South Korea if government amends gambling laws
2024-07-10
South Korea is on its way to becoming the second most important gambling hub in Asia with Macau being the first. Now that VIP and high stake gamblers from Mainland China are willing to travel overseas to play, South Korea is targeting such gamblers...
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Chinese authorities catch and prosecute 2nd most wanted man in China
2024-07-10
Beijing has targeted Macau’s casino industry because it’s been reported to be a hotbed for corruption, money laundering and racketeering. More than 50% of Macau’s casino revenue comes from VIP and high stake gamblers who spend lavi...
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Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers
2024-07-10
Beijing’s anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP gamblers have decided to stop frequenting Macau’s casinos and instead take their business to neighboring co...