At at news conference in New York City on Wednesday, Las Vegas Sands chairman Sheldon Adelson spoke about the collapsing market in China. In the midst of a press conference, he was asked about Macau's falling revenues. His reply received heavy criticism from financial publications, including Business Insider's Linette Lopez.
Six FIFA officials were arrested in Switzerland in the early morning hours of Wednesday morning Swiss-time. According to the New York Times, they have been indicted on charges of "RICO conspiracy, wire fraud conspiracy, wire fraud, money laundering conspiracy, money laundering and obstruction of justice charges." If convicted, each faces
Nevada Governor Brian Sandoval signed Senate Bill 9 this past Thursday, giving his approval to skill-based gaming in the state. For the first time in the United States, a jurisdiction is set to allow skill games inside casinos. The bill should change how slot machines are played. Slots are a
Ahmed Zayat, the owner of Triple Crown hopeful American Pharaoh, is currently involved in a $1.65 million Florida lawsuit said to stem from gambling debts. A suit filed by Howard Rubinsky, a Florida man, says that Mr. Zayat owes him $1.65 million from debts incurred back in 2005. The lawsuit
Frederic Dussault of the University of Quebec at Montreal published a study recently which suggested that problem gambling and depression have a high correspondence. Previous studies have shown how problem gambling can ruin the health of gamblers, in addition to obvious drawbacks like less money in the bank account and
International Game Technology, the number one manufacturer of American slot machines, is planning to sell its Las Vegas corporate headquarters. IGT was bought by Italian gaming company, GTECH Holdings, in 2014 and the two gaming giants are combining operations. The two companies' merger was completed recently. Marco Sala, the former
The New York Daily News reported last Friday that a group of Democratic New York State Senators penned a letter to their fellow members of Congress, calling for them to vote against Restoration of America's Wire Act. RAWA, which is labeled HR 707, is a bill to ban online casinos
Bwin.Party Digital Entertainment appears as if it is about to be sold and several of the top companies in the online gambling industry are lining up to become its next owner. 888 Holings, Amaya Gaming, and Playtech are all three rumored to be preparing to purchase Bwin.Party Group, which is
Nevada Senator Harry Reid has changed his stance once more and is now calling for a complete ban on online gambling in the United States. Sen. Reid had been calling for an online poker carve out as late as last week. Previously, Harry Reid had supported legalization of both Internet
Former US Representative Jim Leach, a Republican from Iowa and author of the UIGEA, recently commented on the daily fantasy sports industry. Leach, whose Unlawful Internet Gambling Enforcement Act (UIGEA) effectively banned most forms of online gambling in the United States, said he could not have foreseen the rise of
The Apple Corporation has reinstated gambling applications to its Swedish App Store. The decision comes two months after Apple removed the gaming apps after complaints from the Lotteriinspektionen, a national regulatory body for the Swedish government. Another Sweden-based gaming organization, the Branschforeningen for Onlinespel (BOS), intervened on Apple's behalf to
Montgomery, Alabama was the scene of a public debate on the pros and cons of gambling on Tuesday. Citizens on both sides of the debate gathered to discuss whether Alabama lawmakers should pass laws to allow lottery and casino gambling in the state. Tourism Committee to Vote Soon The Tourism
