#Bloomberg

Gaming industry analysts expect casino revenue to continue rising in Macao after back-to-back months of growth. The region's Gaming Inspection and Coordination Bureau on Wednesday reported a 33.1 percent increase in gross gaming revenue to $1.3 billion in February compared with a year earlier. While February figures were down from January, John…

As the Oakland Athletics stadium saga continues, some prominent voices in Vegas are throwing their weight behind potential relocation to Nevada. This support comes as the A's are back in court over the proposed Howard Terminal site in Oakland and the Las Vegas site hunt has been narrowed down to Tropicana on the Las Vegas Strip. Mick Akers of…

The Bellagio Water Fountain Show on the Strip in Las Vegas The Las Vegas Strip, home to giant casinos such as the MGM Grand and Bellagio, recorded a total win of $8.29 billion in 2022, an increase of 17 percent from the prior year, according to data released Tuesday by the Nevada Gaming Control Board. (Bloomberg)-Bettors in Nevada and Las Vegas…

Team Latestly |Jan 30, 2023 03:36 PM IST Online gambling operator 888 has suspends VIP customer accounts in the Middle East after a failure in compliance protocols, with Itai Pazner immediately stepping down https Bloomberg (@business) January 30, 2023 (SocialLY brings you all the latest breaking news, viral trends and information from social media…

New York Mets team owner Steve Cohen met with more than 500 Queen residents last Saturday to solicit inputs on how to best develop the area around CitiField, including the possibility of bringing a casino to the Willets Point property. Cohen and the local community members talked about how to turn the long-dormant property into an all-weather and…

Terror comes in many forms. But in peacetime, at least, there are few things more frightening than not being able to pay your debts. A week ago, the Mail's front page highlighted'families' growing mountain of debt'. Based on figures from the accountants PwC, this showed that the total amount of unsecured debt in the UK (in other words, not…

Macau casinos have posted their worst year since 2004 as China's strict Covid Zero policies wrought havoc on the gambling hub. The Gaming Inspection and Coordination Bureau said Sunday that gross gaming revenue in December fell 56% from a year earlier to 3.48 billion patacas ($433 million), slightly below the median estimate of a 57% decline.…

Twitch will be updating its policies regarding gambling on Oct. 18, according to a statement the company posted to its Twitter account, acknowledging the recent spike in debate and discussion around gambling on the platform. "We'll be making a policy update on October 18th to prohibit streaming of gambling sites that include slots, roulette, or…

Apple has been forced to remove gambling ads from its App Store following complaints from developers. New ad placements were in place for iPhone users including in the "You Might Also Like" section to give more options to parties advertising their services and products. But with no freedom to choose what type of advertisement appears next to each…

According to the Gaming Inspection and Coordination Bureau, Macau's gaming revenue has hit an all-time low; their worst month ever since records began in 2009. Data shows gross gaming revenue fell 95% to 398 million patacas ($49 million) in July, 98% lower than pre-pandemic levels. Macau's casinos reopened on July 23, after a nearly two-week…

One of the sidelights to the the sudden collapse of Sam Bankman-Fried's $32 billion crypto empire is the gambling-related tweets by Sam Trabucco, the former co-head of Alameda Research, the trading arm of FTX. Trabucco claimed to have learned his craft trading cryptocurrencies at the blackjack and poker tables. This revelation has been treated as a…

The family of Macau gaming pioneer Stanley Ho is at risk of losing its Portuguese casino concessions after a re-tender for gaming licenses saw a rival bidder submit a higher offer. According to a report by Bloomberg, the license to operate two of Portugal's biggest casinos - Casino de Lisboa in Lisbon and Casino do Estoril in Cascais - expires at…

The former Co-CEO of Alameda Research reportedly enjoyed poker and blackjack and applied what he learned to the firm's cryptocurrency trading. Sam Trabucco - who hasn't been publicly accused of any wrongdoing - posted a thread on Twitter about aggressive gambling strategies and how he applied them to trading, Bloomberg reported Tuesday (Nov.…

The Cyclone roller coaster. The boardwalk. The famous hot dogs. Not to mention the aquarium, baseball stadium and wide expanse of ocean beach. What more could Coney Island need? In the opinion of Joseph J. Sitt, a longstanding Coney Island landlord, the answer is a beachfront casino. On Tuesday, Mr. Sitt, the chief executive of Thor Equities, will…

Perhaps the name, Games Global rings a bell. Perhaps, it's thus far unknown to you. Either way, it's here. A Tuesday press release from the firm did not quietly announce its presence. Rather, it simply stated what should be taken at face value. To whit, in big bold print, centered on top: Games Global thunders onto the scene, ushering in a bold new…

The United States casino industry has gone through changes in the last few years, as companies have bought and sold casinos, shut some down, and renamed others. On Tuesday, we found out that one thing will stay the same in the immediate future: Caesars Entertainment is not going to sell any of its properties on the Las Vegas Strip. In a third…

Regulators in four states have banded together to accuse a metaverse casino of selling NFTs that violated securities laws. On Thursday, state securities regulators from Texas, New Jersey, Kentucky, and Alabama filed emergency cease-and-desist orders against Slotie NFT, a Tbilisi, Georgia-based virtual gambling entity that markets itself as "the…

Twitch is making big changes to its platform. The streaming platform has moved to counter overseas gambling companies from leeching off of Twitch users, but almost in the same breath announced they were cutting the top pay of the biggest Twitch streamers. In an update released late Tuesday, Amazon-owned Twitch said they would be changing their…

Twitch, an interactive live streaming platform popular with gamers, has announced a ban on the sharing referral and promo codes of gambling sites that support placing bets in cryptocurrency. In a statement shared on Twitter, the U.S.-based company said that the ban which will take effect on October 18 will apply to gambling sites that include…

According to recent reports, the family of the late gambling tycoon Stanley Ho risks losing the concession of two of Portugal's biggest casinos - Casino de Lisboa in Portugal's capital, and Casino do Estoril, located in the seaside town ofCascais near Lisbon - after a rival bidder for the license to operate both venues made a higher offer. Both…

As the development of a New York City casino inches closer towards reality, the race is on to secure a license. New York state voters authorized the creation of seven casinos in 2013, and four upstate facilities opened in the first phase. Now the second phase is underway, and licenses for three casinos in the New York City area will soon be open…

As the seventh most popular category of streams on Twitch, crypto gambling has taken the cyberworld by storm, which is not necessarily positive. Every computer, tablet, or smartphone can now be used as a gambling device by persons of all ages. Although the origin of gambling is unknown, it has been practiced for centuries in China. Until 1638, when…

Looking for action but want to avoid a casino? In the age of the internet, gambling online from the comfort of your home, hotel room, or wherever you may be is easy. But not everyone thinks it should be. In California, two initiatives concerning online gambling regulations are set to be the most expensive ballot campaign in U.S. history. The…

Macau casino stocks surged the most in six months on Monday after the city announced plans to welcome back tour groups from mainland China as soon as November, a breakthrough for the gaming hub's Covid-19-hammered, tourism-dependent economy. Wynn Resorts soared as much 15% on Monday to $68.89 in New York, the biggest intraday gain since November.…

Our Recommended CSGO Betting Site 2021 Great Welcome Sports Betting Bonus of $250 Excellent Selection of CSGO Leagues To Choose From Live Betting Option Available Reliable & Fast Payouts Bloomberg video game reporter D'Anstasio stated in a podcast for Bloomberg Crypto that crypto gambling did not originate from crypto but rather from Counter Strike…

Macau casino shares experienced a positive boost after the chief executive of Macau, Ho Lat-Seng, announced that Macau is going to accept tourist groups from mainland China again starting in November. Bloomberg reported that its Intelligence gauge tracking Macau's six casino operators that have casino concessions in the former Portuguese colony has…

Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the Chinese mainland, the demographic that makes up the vast majority of punters. Macau is the only place in China where casinos are legal and the former Portuguese colony used to dwarf Las Vegas for the scale of bets placed each…

The controversial crypto gambling sessions anchored by Twitch celebrities and live-streamed to their followers will be banned effective October 16, Twitch said in a statement. It mentioned that Stake.com, Rollbit.com, Duelbits.com, and Roobet.com, the most notable crypto gambling sites using its platform, will no longer be able to use it to stream…

With gaming streaming site Twitch - and the streaming sector in general - having exploded in recent years, early casino streamers began to get in on the opportunity. CasinoDaddy and Roshtein - some of the most-followed streamers at the time of the ban - both began streaming slots in 2016. CasinoGrounds - which became a hub for many slots streamers…

Twitch, the popular live-streaming platform owned by Amazon, is targeting one of its most popular category of streams: people pulling virtual slot machines. On Tuesday evening, Twitch announced on Twitter that, as of Oct. 18, websites that offer "slots, roulette or dice games" that are not licensed in the U.S. or other jurisdictions with…

Despite receiving backlash from influencers, Twitch is set to ban certain controversial crypto gambling live streams. Per an official Twitter post, the American live video streaming service will prohibit gambling sites like Stake.com, Rollbit, and Duelbits.com that "aren't licensed either in the US or other jurisdictions that provide sufficient…

Twitch will be updating its policies regarding gambling on Oct. 18, according to a statement the company posted to its Twitter account, acknowledging the recent spike in debate and discussion around gambling on the platform. "We'll be making a policy update on October 18th to prohibit streaming of gambling sites that include slots, roulette, or…

The ItsSliker controversy has taken over the streaming community with every major streamer, including OTK co-founder Matthew "Mizkif," reacting to his videos. While some may only limit themselves to criticizing ItsSliker for his gambling debt, Mizkif took the opportunity to call on Twitch to ban gambling streams on the platform. The debate about…

Twitch, the popular streaming platform where every day millions of people spend hours watching live streams from their favorite gamers or even solving math problems in real-time, has recently seen the rise of crypto gambling. Commenting in a podcast for Bloomberg Crypto, Bloomberg video game reporter D'Anstasio shared her view that crypto gambling…

Team Latestly |Sep 15, 2022 03:55 PM IST The Twitch app, known more traditionally for gaming, is stepping into the online gambling arena, with crypto as its currency https Bloomberg (@business) September 15, 2022 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and…

Macau's government announced Friday it has fixed a limit of 6000 gaming tables and 12000 gaming machines for new casino operators, set to enter into force early next year, along with minimum income levelsfor each one of them. This marks the first time authorities have set a formal cap on the number of tables and minimum income requirement,…

Bloomberg Last Updated at August 5, 2022 22:20 IST Enneric Chabot, 26, didn't start gambling until he saw his favourite gamers doing it online. Three years ago, Chabot began regularly watching Felix "xQc" Lengyel, a former professional Overwatch player, as he competed in various video games on Amazon.com's livestreaming site Twitch for audiences of…

Whether you support it or not, betting and gambling dens have been commonplace in much of Thailand for a long time, despite authorities' attempts to stamp it out. Thai people love playing cards and betting on sports, particularly football and cockfighting, although gambling is currently illegal here. Casinos in the border town of Poipet, Cambodia,…

Casino Insider is a weekly newsletter with all the best bets for food, entertainment and fun at Southern California's casinos. It's delivered to your inbox on Thursdays. Celebrity chef Gordon Ramsay's Hell's Kitchen restaurant is finally making its debut in California. Harrah's Resort Southern California initially announced its partnership with the…

Many new categories and genres can be streamed on Twitch lately. A relatively new'Just Chatting' category has marched its way into the many genres of streaming during the pandemic, and to coincide with the time, it was warranted due to social distancing and regulations for mass gatherings. But with new genres opening up for Twitch a new boom…

Will Twitch ban gambling? That's a question many are asking after controversies continue to pile up and gain visibility on the streaming platform. Gambling has become a huge presence on Twitch, with many of the platform's most popular streamers dedicating entire live broadcasts to wagering large amounts of cash on sponsoring gambling sites. The…

Years after the first Twitch gambling meta of CSGO skins got sidelined after Valve sent cease and desist to multiple gambling sites, a new type of Gambling is taking over the top spot of Twitch once again. This time the Gambling Meta has returned with big investments from overseas Crypto Casinos. Many popular streamers have started streaming slots…

The Twitch Gambling Meta has been a major point of contention for many in the streaming community. With many popular streamers playing slots and other crypto gambling games on the platform, gambling on Twitch has been gaining prominence. Fortnite, once synonymous with gaming and streaming, was below Slots in the most-watched category on Twitch last…

The slots category on Twitch has risen significantly this year with websites like Stake sponsoring content creators to play the gambling game on the platform. While developers regularly enlist streamers for sponsored streams whenever they are releasing a game as a way to market and promote its launch, the slots category on Twitch is almost…

Some in the audience of Twitch's biggest stars are falling into bankruptcy after watching their favourite streamers play crypto gambling games in multi-million dollar advertising deals, a report from Bloomberg shows (opens in new tab). Twitch's'Slots' section, where its gambling content resides, is its seventh most watched category (opens in new…

Enneric Chabot, 26, didn't start gambling until he saw his favorite gamers doing it online. Three years ago, Chabot began regularly watching Felix "xQc" Lengyel, a former professional Overwatch player, as he competed in various video games on Amazon.com Inc.'s livestreaming site Twitch for audiences of up to 25000 viewers. In 2021, during some of…

Connor Bennett. Last updated: Aug 05, 2022 Twitch logo over gambling casino image Twitch may finally call time on hosting gambling content on their site as a new report says they're in "the midst of a deep-dive" of everything surrounding it. Given that Twitch's audience skews pretty young, there have been plenty of concerns about advertising…

Economic figures from the first quarter of 2022 are becoming finalized, and Q2 numbers are coming in. In brief, we can say of the US sports betting market that, not unexpectedly, growth continues at its rapid and steady pace as more state governments join in legalizing sports betting. Some of the key statistics coming out recently include the…

In Thailand and a panel of federal legislators has reportedly submitted a special petition calling on the right-wing coalition government of Prime Minister Prayut Chan-O-Cha to legalize casino gambling. According to a Wednesday report from the Bloomberg news service, the lawmakers believe that such a move would allow the nation to rebuild its…

Macau casinos reopened Saturday after a nearly two-week shutdown mandated in an effort to stop the spread of Covid-19. However, without tourists, business was slow for the gaming venues, and analysts have estimated the closures could cost the casinos $1 billion. In response, the government said it intends to distribute $1.24 billion to those…

One of the biggest challenges facing the Governments today is the rapid evolving nature of the digital economy, with which the regulators are struggling to keep pace.In fact, the challenge posed by technology-enabled services means that even if one or few countries devise regulations, businesses can simply shift to another jurisdiction where the…

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Genting Singapore Ltd., one of the city-state's two casino operators, is attracting takeover interest as tourists start coming back to the Asian travel hub, people with knowledge of the matter said. While thoUS rival MGM Resorts International recently approached the firm's controlling shareholder, the billionaire Lim family, to express its interest…

Oil futures and casino stocks sank Monday on fresh Covid-19 news out of China. Natural gas prices bolted on the scheduled shutdown of the Nord Stream pipeline, cutting Russia's gas supply to Germany, amid already sky-high demand and tight supply. On Monday morning, Macau - an administrative region in China and the world's largest gambling hub -…

China is finally starting to lift its lockdown protocols. According to Bloomberg, the country is now "reporting the lowest number of new cases since early February." On top of that, the nation is reducing the required quarantine time for international travelers. This means that the Chinese economy is clear to start making up lost ground. For the…

Macau casino stocks yesterday slumped as the Chinese gaming hub battled a COVID-19 outbreak, which has prompted tightened social distancing restrictions and mass testing. The sector has been hammered by the COVID-19 pandemic, with vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus - including tough border…

Macau casino stocks saw selling pressure again on Monday after a flareup of COVID cases in China led to officials in Beijing and Shanghai ramping up testing policies again. While the number of COVID case in the nation is still only in the hundreds, there is no clear indication that the government will back off from a zero-tolerance policy anytime…

Macau casino revenue has plunged to an 18-month low amid the ongoing impact of the pandemic on the gaming destination. Revenue for April fell 68% from a year earlier as the world's biggest gambling hub suffers from a tourist drought related to China's Covid lockdown measures. According to official data from the Gaming Inspection and Coordination…

The term "cryptocurrency" refers to a type of digital currency. It is possible to manage and exchange traditional currency online, but this is not the same as owning cryptocurrency. Cryptocurrencies are distinct because they are a decentralized and democratic alternative to government-issued currency. Governments control the supply of money in…

You could easily miss the exclusive Les Ambassadeurs casino in London. Just off Hyde Park Corner, it sits at the end of a quiet side street populated only with chauffeured black vans waiting to whisk wealthy guests to five-star restaurants or soccer games. The casino's sole imposition on the street is a red awning above the door. A wall of…

Harrah's Resort Southern California has a new celebrity mayor: Jane Lynch. The actress is the third mayor of the casino, following Rob Riggle and David Hasselhoff. Lynch's initiatives as mayor will be to help the property promote spa treatments, food items and cocktail menus. Beyond Southern California Online gambling has come a long way from games…

During a round of poker in a virtual reality casino earlier this month, one player at the table was berated with sexually explicit language. The player, dressed in a purple top and a white anime-style haircut, was highly likely to be a child, based on their voice and their reaction to the abuse. While playing rounds of Texas hold'em, a Bloomberg…

Macau is considering the introduction of a tax cut and revised conditions for "satellite casinos" as the city's gaming industry -the world's largest gambling hub in pre-pandemic years- continues to struggle amid the ongoing impact of Covid-19. The possibility comes as casino revenue plunged to an 18-month low in April. According to Bloomberg, the…

Our gambling news this week finds Caesars hemorrhaging cash and looking to sell a casino on the Las Vegas Strip. And while most suspected Planet Hollywood Las Vegas would be the property sold, new information indicates that Flamingo Las Vegas is the one on the market. But can Caesars find a buyer for the 75 year old property? Having just celebrated…

By Nick Erickson, Vice President, Portfolio Management "Water, Mr. Rango, water. Without it, there's nothing but dust and decay. But with water, there's life. Look at them. So desperate to live, they'll follow it anywhere. That's the immutable law of the desert. You control the water, and you control everything." - Mayor Tortoise John, Rango,…

Caesars Entertainment Inc. is looking to sell its Flamingo Casino for a price tag of over $1bn, per sources close to Bloomberg. interest has dwindled because of the necessary renovations No potential buyers have emerged from private deliberations regarding the sale. The casino has been offered to private firms and other agencies, but interest has…

Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Luniverse, rising 2885.76%. According to an article written by Bloomberg, Circle Internet Financial, the issuer of USD coin, the second largest stablecoin, landed $400 million in funding from a group that includes Blackrock Inc. and Fidelity Management and…

Team Latestly |Apr 07, 2022 01:04 PM IST Online gambling operator 888 suspends its dividend after saying the planned acquisition of William Hill's international assets would push debt higher than previously expected https Bloomberg (@business) April 7, 2022 (SocialLY brings you all the latest breaking news, viral trends and information from social…

A $3 billion casino, hotel and arena complex planned for Las Vegas would land miles south of its famous Strip. Oak View Group, a global developer of sports arenas, plans to build a 25-acre entertainment hub for high rollers on Las Vegas Boulevard, four miles from the nearest Strip casino of Mandalay Bay, Bloomberg reported. Groundbreaking is set…

LAS VEGAS - Oak View Group has unveiled plans for a $3 billion entertainment district spanning 25 acres south of the Las Vegas Strip. The project will be located at the intersection of Interstates 15 and 215, and is set to include an 850000-square-foot arena, casino, hotel and an additional entertainment venue. The arena will host upwards of 20000…

To the average tourist, Las Vegas pretty much boils down to three things: gambling, high-priced shows, and partying. It's not somewhere most people go to for architectural inspiration. But Anne Carney Raines, a painter from Nashville, Tennessee currently living in London, is anything but ordinary. In her eyes, Las Vegas is a place of replications…

Different locales call for different strategies in the casino business. When Macau was the buzzing international growth market as recently as 2019, most American casinos sold investors on their plans to expand in China. But a couple of years of pandemic lockdowns, and uncertainty about gambling licenses amid a crackdown on corruption in the…

Online casinos are well-known as one of the most popular establishments in the gambling industry. But, this industry, for the most part, wouldn't exist without the technological innovations that allow operators to provide high-quality casino games to numerous users. Namely, the gambling sector relies on different technological innovations, and…

Business is all about growth and business for the sports gambling industry has been good. Sports betting accounts for between 30% and 40% of the worldwide gambling market, producing a yield (the money casinos receive from bettors minus the payout) higher than $400 billion in 2021, according to Statista. In June 2018, sports gamblers wagers $310…

Derek Stevens wasn't sure how his customers would respond eight years ago when he began accepting Bitcoin for select non-gaming transactions at the D Las Vegas and Golden Gate. He thought guests would use the digital currency for splashy purchases, such as hotel rooms or meals at the D's American Coney Island and Andiamo Italian Steakhouse.…

Casino operators on the Las Vegas Strip reported a slowdown in gaming revenues for the first quarter, according to data released by the Gaming Control Board. Revenues fell 4% year-over-year for the first quarteras a soft Chinese New Year dragged down results. Weakness was particularly notable in baccarat, which is a favorite of Asian gamblers.…

America's commercial casinos won $53 billion in 2021, their best year ever according to figures released Tuesday. The American Gaming Association, the gambling industry's national trade group, released year-end figures showing that in-person gambling continues to be the main source of revenue for the gambling industry, even as Internet and sports…

Bitcoins' launch marks the development of the crypto market based on decentralized, peer-to-peer based blockchain technology. No one from the media or the business sector paid attention to cryptocurrency, but today it's a completely different story. There is a huge hype around Bitcoin due to its latest and longest bull cycle to date. As a result,…

Casinos in the Chinese enclave have seen their worst month of the year in October, amid pandemic-related restrictions and a gambling rules review. Revenue dropped 40% YoY, and also fell 26% from the previous month, down 83% against pre-pandemic 2019. Direct investment in Macau's gaming sector declined by 30% in 2020 versus 2019. Casinos in Macau…

Revenue increased 1% from the previous month, but is down 65% from April 2019. The accumulated revenue in the first four months of 2021 reached 32.04 billion patacas (about 4.0 billion dollars), up by 2.6% year-on-year. Macau's gaming revenue rose 1014% year-over-year in April to 8.4 billion patacas ($1.1 billion), according to data released…

A three billion dollar casino of the future proposal is expected to land on regulators desks in New York before the end of the week. Jason Ader, a former board member of Las Vegas Sands and UE Resorts International are expected to submit a proposal for a casino resort on Friday under the working name, Mirai, which means "future" in Japanese. The…

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Jan 4, 2022-- XR Casino, Inc. , ("XR Casino" or "The Company"), the first technology company specialized in Extended Reality (XR) cross-technology casino gaming, gambling solutions and XR game development solutions for the iGaming and sports betting industries, today announces that Bots, Inc. (OTC: BTZI), has…

A casino pitch for New York City includes what would be the world's largest cryptocurrency trading floor. The plans will be submitted by money manager Jason Ader on Friday, and also feature a landing pad for flying cars and an esports arena. A site for the project, which would cost about $3 billion or more, has not yet been confirmed, although Ader…

We'd never tell you what to do with your money. Well, alright, that's not necessarily true, but we won't tell you how to invest your cash when it comes to cryptocurrencies... Actually, scratch that one, too. We've even got some tips, namely: don't invest in Dogecoin. Anyways, it's not that we don't believe in the validity or worth of decentralized…

High rollers in their flying cars will flock to Mirai should money manager Jason Ader's $3bn+ pitch win a New York City casino license. [Image: Shutterstock.com] Jason Ader, CEO of asset management firm SpringOwl, plans to put forward a $3bn+ bid for a New York-area casino license, with his proposal including a landing pad for flying cars and the…

A Las Vegas-seasoned asset manager is eyeing an addition to New York's famed Manhattan skyline - a multibillion-dollar casino with space for trading cryptocurrencies and a landing pad for flying cars. Jason Ader, a former Las Vegas Sands board member, expects to submit his plans for the casino to the local gambling regulator by Friday, Bloomberg…

Authorities in Vietnam have busted an online gambling ring that may have taken in as much as $3.8 billion USD in cryptocurrency bets (87000 billion VND). The internet gambling sites seem to have been built on an insurance scam that promised to give "investors" in the scheme (those who gambled) their money back if they lost six deposits in a…

Vietnamese police authorities have busted a crypto gambling ring estimated at $3.8 billion based on the amount of gamblers' money contributed. The news comes from Bloomberg, citing a report by state-owned broadcaster VTV. According to the report, this is one of the largest underhand crypto gambling operations discovered in the country, with a total…

Alvin Chau, the CEO of gambling group Suncity Group Holdings Ltd, is the founder of the biggest of Macau's junket operators - outfits that bring in high rollers to play at casinos. He was arrested on Sunday by Macau authorities over alleged links to cross-border gambling. A warrant for his arrest has also been issued in China. Analysts say his…

Live casino games supplier Evolution has experienced a difficult week after accusations arose that it had operated illegally in certain markets. The company has since issued a rebuttal against those claims, but investigators have now questioned the legitimacy of the supplier's argument. The claims initially emerged last week when a Bloomberg…

The stock value of Sweden's premier live casino game provider, Evolution AB, continued to lose value Thursday after disputed allegations earlier this month that the company provides games in unregulated markets and to players in locations that are under sanction by the United States government. Bloomberg originally reported on the allegations on…

Evolution Gaming is among the largest B2B online gambling companies in the world, and has an effective monopoly on live dealer gaming in the US - for now. Two competitors are looking to enter that market segment in the near future. It's interesting timing, then, that an unnamed "US-based competitor of Evolution" reportedly filed a complaint about…

LAS VEGAS, Nov. 15, 2021 /PRNewswire/ -- Criss Angel and Franco Dragone each separately revolutionized entertainment on the Las Vegas Strip. Together, they're doing it again. To view photos and video, Angel and Dragone have teamed up to create AMYSTIKA - The Secret Revealed, a fantastical and mysterious production which immerses the audience in a…

Pioneering video game firm Atari has announced plans to launch a cryptocurrency casino where customers can gamble bitcoin while playing classic games like Pac-Man and Space Invaders. Atari Casino will be built in "Vegas City" within a virtual world developed by Decentral Games, where players will use an avatar to interact with different games and…

Citi Field during a New York Mets vs. Washington Nationals game in August 2019 Steve Cohen is swinging for the fences in a bid to develop the land around the ballpark occupied by his new team. The billionaire hedge funder and owner of the New York Mets has been in talks with Las Vegas Sands Corp. about putting a casino near Citi Field in Willets…