Pala Interactive CEO Jim Ryan recently expressed strong concerns that the Restoration of the Wire Act legislation could pass in 2015. Mr. Ryan, who is the former CEO of Party Gaming, said that the RAWA has a much better chance of passing in 2015 than it did in 2014. The
The deadline set by the Revel Casino Hotel's owners has passed, so those owners will cancel the deal on Tuesday morning. Previously, Revel AC was going to sell the bankrupt casino resort to Glenn Straub of Polo North, a real estate development company out of Florida. In ending the deal,
Nevada gambling regulators are devoting more resources to Internet-based gaming these days. A.G. Burnett, the chairman of the Nevada Gaming Control Board, spoke about "structural changes" to his panel's staff that better reflected the level of online gambling taking place in the state. Citing high-profile attacks on other commercial websites,
The new Major League Baseball commissioner, Rob Manfred, said in an ESPN "Outside The Lines" interview that his sport has to give "fresh consideration" to legalized sports betting. The MLB commissioner, speaking in one of his first public interviews since taking over the position on January 25, says that the
Gary Loveman has stepped down as the CEO of Caesars Entertainment. Mark Frissora, the onetime CEO of Hertz Rental Cars, is set to succeed Loveman as the new CEO of Caesars Entertainment. Frissora will join Caesars's board of directors immediately. On July 1, he will become the Chief Executive Officer.
Sheldon Adelson held talks with key Republican members of the House Judiciary Committee in January 2015, in hopes of persuading the GOP lawmakers to pass Restoration of America's Wire Act in the new legislative year. Sheldon Adelson, who made the most money of anyone in history on the gambling industry,
According to a report posted today by U.S. Magistrate Judge Peggy Leen, evidence collected by FBI agents and Nevada regulatory officials violated the rights of Malaysian businessman and suspected illegal gaming operator, Paul Phua. Due to Fourth Amendment considerations, much of the evidence implicating Paul Phua and his son, Darren,
Gary Sadoff, who owns the Badger Liquor Company, was the victim of a $25 million gambling extortion case in Fond du Lac. Sadoff sent an email to employees of his liquor company, which confirmed that he was the focus of an extortion plot. The plot involved an illegal bookmaker by
A new Nevada gaming law could put an end to the kind of poker staking agreements which dominate the top end of the professional poker tournament circuit. In many events, the most famous and popular pro players do not pay the stake to enter an event. Instead, a corporate sponsor
The New York Jets have hired the brother of the U.S. District Judge who gave the NFL a legal victory in its showdown with New Jersey over sports gambling. The Jets hired Marcel Shipp, who was running back for the Arizona Cardinals for 8 season, was hired as the Jets'
Records show that the Paul Phua Wei-sang, the man on trial in the United States for running an illegal sports betting operation, has a conviction for the same offense back in his homeland of Malaysia. In 2004, independent newspaper Malaysiakini reports Paul Phua Wei-seng was arrested in Malaysia for allegedly
It can be next-to-impossible to predict gaming industry revenues. The recent past is littered with estimates that are wildly inaccurate. National and regional economic trends have a tremendous impact on an entertainment expense like gambling, so any hiccup in the economy can have immediate ripple effects on gaming revenues. Governor
