Archive for July, 2016

Gaming Industry Analyst Sees Borgata Sale as a Positive Sign

Gaming Industry Analyst Sees Borgata Sale as a Positive Sign

Written by Steve Larson | Thursday, July 28th, 2016

Michael J. Pollack, the head of the Spectrum Gaming Group, said that the recent sale of the Borgata Hotel Casino & Spa is a good sign for Atlantic City. In June 2016, Boyd Gaming sold its 50% stake in Atlantic City’s most successful casino to MGM Resorts, which owned the other 50% stake. Pollack says […]

Powerball Features the 11th-Largest Lottery Drawing in US Lotto History Tonight

Powerball Features the 11th-Largest Lottery Drawing in US Lotto History Tonight

Written by Steve Larson | Wednesday, July 27th, 2016

The Powerball lottery is holding the 11th-largest drawing in the history of United States lottery gaming tonight. The Powerball jackpot is now up to $422 million. The estimated cash value of a lump sum payment is $291.8 million. The last winner happened on May 7, 2016, when the Smith Family Lottery Pool won $429 million […]

Jack Cleveland Casino Lost Business during the Republican National Convention

Jack Cleveland Casino Lost Business during the Republican National Convention

Written by Steve Larson | Tuesday, July 26th, 2016

Jack Cleveland Casino hopes the end of the Republican National Convention in the city signals an uptick in its business. The casino’s management complained that the RNC’s presence had a withering effect on operations last week. The former Horseshoe Casino, which rebranded to Jack Casino in June, did not say how bad the numbers were […]

Buddhist Monk Sentenced to 30 Months in Prison for Wire Fraud and Stealing Funds

Buddhist Monk Sentenced to 30 Months in Prison for Wire Fraud and Stealing Funds

Written by Steve Larson | Monday, July 25th, 2016

U.S. District Judge Donald Walter sentenced Khang Nguyen Le to 30 months in prison for one count of wire fraud in the theft of $263,463, which Le was alleged to have gambled at a nearby casino. The big shock is that Khang Nguyen Le is a Buddhist monk from the Vietnamese Buddhist Association of Southwest […]

Republican National Convention Leaves Online Gambling Ban out of Party Platform

Republican National Convention Leaves Online Gambling Ban out of Party Platform

Written by Steve Larson | Friday, July 22nd, 2016

The Republican National Convention ended on Thursday night with one major omission. For the first time since the 1996, the RNC’s platform did not call for a national ban on online gambling. Since 1997 was the first year when a real money Internet poker site first launched, the omission of an anti-online gambling plank in […]

2016 WSOP Main Event’s November (October) Nine Is Set

2016 WSOP Main Event’s November (October) Nine Is Set

Written by Steve Larson | Wednesday, July 20th, 2016

The 2016 WSOP Main Event’s “November Nine” is set for another year. This time around, players from 5 different countries will compete in the final table of the World Series of Poker Main Event at the Rio All-Suite Hotel in Paradise, Nevada (adjacent to Las Vegas). Many people are calling the group the “October Nine”, […]

Miami Beach Files Legal Brief against Genting Group’s Casino Plans

Miami Beach Files Legal Brief against Genting Group’s Casino Plans

Written by Steve Larson | Tuesday, July 19th, 2016

Miami Beach has filed legal papers which oppose Genting Group’s plan to build a casino-resort in downtown Miami. The filings are in response to Genting’s own lawsuit against Miami-Dade County and State Attorney Katherine Fernandez Rundle. Genting’s lawsuit is an effort to get the legal right to develop a casino in the Omni area, a […]

Sands Bethlehem Experiments with a 150 Electronic Table Game Stadium

Sands Bethlehem Experiments with a 150 Electronic Table Game Stadium

Written by Steve Larson | Monday, July 18th, 2016

The Sands Bethlehem Casino in Bethlehem, Pennsylvania opened the US’s largest live electronic table games room last week. Players who have visited the gaming “stadium” are calling it the future of gambling. So are officials at the Sands, which is owned by Sheldon Adelson’s Las Vegas casino company, the Las Vegas Sands. Sands executives have […]

Republican National Convention Committee Sends a Letter of Apology to Sheldon Adelson

Republican National Convention Committee Sends a Letter of Apology to Sheldon Adelson

Written by Steve Larson | Friday, July 15th, 2016

The organizers of the Republican National Convention sent a letter of apology to Las Vegas Sands founder Sheldon Adelson earlier this week. The letter sent in a last-minute push by the GOP convention’s organizers to get Sheldon Adelson to pay some or part of the $6 million extra needed to stage the convention. The group […]

Valve Sends Cease-and-Desist Letters to Third-Party CS:GO Gambling Sites

Valve Sends Cease-and-Desist Letters to Third-Party CS:GO Gambling Sites

Written by Steve Larson | Thursday, July 14th, 2016

Valve, the company which produced Counter-Strike: Global Offensive, is cracking down on gambling sites associated with CS:GO video game items. Valve’s move comes a week after a major scandal ensued involving CSGOLotto, a gambling site which allows people to wager “skins”, which are virtual weapons used in Counter-Strike: Global Offensive. Valve announced this week that […]