The astronomical growth of the daily fantasy sports industry has attracted the attention of politicians, looking to get a slice of the multi-billion dollar pie for the state funds. In recent years, the daily fantasy sports contests have exploded in popularity. Industry observers are convinced that it is a matter […]
Author: Daniel Thompson
Hong Kong Investors May Offer Ray of Hope for Shuttered Tinian Dynasty Hotel-Casino
Gambling laws are different in the different islands included in the Northern Mariana chain. In 1989, Tinian regulated its gambling market and only 6 years later, the island celebrated the opening of its first casino. The Tinian Casino Gaming Control Commission is the regulatory body, that is tasked with overseeing […]
Crown Resorts Loses Billions and Market Share after Divesting Interest in Melco
Some time ago, business tycoon James Packer, the person behind Crown Resorts and casino magnate Lawrence Ho, Chairman and CEO of integrated resort developer and operator Melco Resorts & Entertainment officially announced their decision to separate the two companies. As a result, Mr. Packer started to sell Crown Resorts’ shares […]
Gambling Habits Contribute to Lower Academic Performance, Canadian Study Shows
Problem gambling can have a serious negative effect on the physical, emotional, and financial health of the compulsive gamblers. Problem-gambling rates across different countries in the world vary widely. Problem gambling is one of the most hidden epidemics in the modern world and it can affect everyone, regardless of any […]
South Dakota Revenue Department Presents Recommendations for Eventual Sports Betting Legislation
Having in mind the growing love for sports, it barely surprises anyone that sport betting companies are thriving and generating huge profits. The number of sports-loving fans across the globe is rapidly growing and it does not show any signs of slowing down. Unfortunately, the legal issues surrounding sports betting […]
Chinese Real Estate “High-Roller” Loans Money from Allegedly Underground Banking Network in Richmond, Legal Filings Claim
British Columbia’s self-regulated casino industry has been blasted for its lax anti-money laundering measures. The issue appeared on the authorities’ radar screen after the recently-elected government released a disturbing casino report, alleging money laundering at River Rock Casino Resort in Vancouver. The revelation sparked a money-laundering probe into underground banking […]
Wynn Employees Report Smoking Ban Breach at Casino Mass Floors
On Thursday this week, employees from casinos operated by casino operator and developer Wynn Resorts wrote a letter to the government, asking for a stricter implementation of the smoking ban. The employees handed the letter to the Office of the Chief Executive (CE) that is tasked with delivering the letter […]
Gateway to Attend Delta Chamber of Commerce’s Luncheon, Detailing Casino Project in Ladner
Speakers from Canada’s biggest private casino operator Gateway Casinos & Entertainment (“Gateway”) and B.C. Lottery Corporation are to provide more detailed information regarding Gateway’s $70-million casino project in Ladner to be located on the current Town & Country Inn site. Apart from that, the speakers are to present their vision […]
Tighter Checks on High-Rollers Seek to Rein in Money Laundering at B.C. Casinos
The gambling industry has become the fastest-growing sector in the Canadian province of British Columbia. Quite unsurprisingly, cash-intensive businesses such as banks are extremely vulnerable to money laundering. Casinos are also classified as cash-intensive businesses, which are usually dealing with high volumes of large cash transactions. Moreover, casinos offer many […]
Sudbury Planning Committee to Hold Public Hearing on Rezoning for Kingsway Entertainment District Development
Last year, Sudbury City Council thumbed up the final site plan for the Kingsway Entertainment District. The project is to include the construction of the city’s new events center, a casino and hotel tower, as well as restaurants and an outdoor Festival Square. On 22nd January this year, the planning […]