The former member of the Royal Canadian Mounted Police Peter German described the casinos situated in the region of Vancouver as âlaundromatsâ aimed at the cleaning the proceeds of organized crime in his report to the Government of British Columbia. For some time now, the relation between local casinos and […]
Author: Paul Brooks
Attorney General Eby Criticizes B.C. for Failure to Prevent Casino Money Laundering Schemes
David Eby, Attorney-General of British Columbia, shared that the province has failed to prevent wide-spread money laundering schemes to be carried out through local casinos. He further explained that he hopes that tomorrow an independent report on the matter is to be released to tackle organized crime groupâs ability to […]
Bruce Deifik Expects to Make Ocean Resorts Casino More Successful than Its Predecessor
Before making a decision to purchase the former Revel Hotel and Casino, the 63-year-old Bruce Deifik had never been to Atlantic City. Then, the founder of Integrated Properties decided to make an offer to the takeover of the ex Revel gambling property, after Frank Ruocco, a minority stake owner, reassured […]
West Virginia Hosts Problem Gambling Conference and Training
The recent ruling of the US Supreme Court in favor of New Jersey not only put an end to the stateâs long-lasting legal battle but also lifted the nationwide ban on sports betting. However, apart from new revenue sources for the US states, the liberalization of the local sports betting […]
The Stars Group Reveals Proposed Common Shares Public Offering to Fund SkyBet Acquisition
Canada-based provider of technology-based product offerings The Stars Group Inc, which owns poker and gambling brands PokerStars, Full Tilt and BetStars, has filed a supplementary prospectus in North America. The Group revealed its intentions for a proposed public offering of 15 million common shares, with the funds accumulated by the […]
Loto Québec Reports Massive 37.5% Surge in Online Gambling for 2017
The popularity of online gambling across the Province of Quebec has increased significantly in the past year, with revenue from online gaming totalling CA$118 million in the fiscal 2017/2018 year. On Thursday, Loto QuĂ©bec published its latest Annual Report, revealing positive growth across all business sectors and a total sales […]
Atlantic City Casinos Post 5.1% Revenue Decline in May, Online Gambling up 15.3%
In the past few months, Atlantic City casinos have seen a drop in revenues from last year and the negative trend continues for the month of May, the latest statistics reveal. New Jerseyâs gambling industry generated $217.6 million in total gaming win last month, a decline of 5.1 per cent […]
Mississippi Tribal Casinos to Offer Betting on Sports and Horse Races
Mississippi will be the next state to offer legalized sports wagering after the Band of Choctaw Indians have voted to allow sports betting in its three casinos. It is still unclear when this type of gambling would be available but it is expected sooner than what state lawmakers have prepared […]
Poll: U.S. Sports Fans Will Gamble More Often with Legalized Sports Betting
Nearly half of sports fans in the United States admit they will gamble more often now that states start to legalize sports betting. In the wake of the U.S. Supreme Courtâs decision to lift the federal ban on sports wagering last month, a new poll reveals the public attitudes in […]
Lawsuits Blaming Prescription Drug for Compulsive Gambling Climb to Over 1,000
The lawsuits against common prescription drug Abilify have climbed to more than a thousand in the United States, with several more suits filed in Canada. The antipsychotic medication allegedly caused hundreds of people to gamble compulsively. A global settlement may solve many of these cases, with the first court meeting […]