Amaya Inc. says it has received a non-binding proposal from its CEO, David Baazov, to purchase the company for C$21 per share. If accepted, the proposed value of the deal would be C$4.39 billion, which is $3.13 billion in American dollars. That value is based on a fully diluted share
Storms caused by El Nino have unearthed a "party ship" which crashed on the California coast in 1936. The ship, named the SS Monte Carlo, was a anchored off the coast for San Diego for years. The SS Monte Carlo was the casino cruise ship of it day, though it
An illegal gambling ring set up by a former USC Trojans football player is alleged to have used terror tactics against its victims. Some of the tactics used include mailed videos of beheadings, as well as photos of the desecration of the grave sites of victim's deceased family members. The
British bookmakers have adjusted their betting odds on whether Donald Trump will win the Republican Party's nomination for president. In the newly published odds at Ladbrokes, Donald Trump is now even-money to win the nomination. A person can bet $10 to receive $10, plus their initial stake. Ladrokes also has
Gov. Chris Christie announced this week that Atlantic City is going to have its finances turned over to the state guardianship for the next 5 years. The plan was announced in conjuction with New Jersey State Senate President Stephen Sweeney and AC Mayor Don Guardian. The three men agreed that
Caesars Entertainment has been warned that a US bankruptcy judge might force the casino company to begin liquidation proceedings if Caesars continues on its present course of action. If a judge ordered such proceedings, Caesars Entertainment might have to divest itself of assets controlled by the parent company and not
Donald Trump threatened to sue The Washington Post if it ran a story on his junk bond dealings with the Trump Taj Mahal. The Post ran a story on Monday which told the story, which showed Donald Trump saying one thing and doing another. The story also belies Trump's narrative
According to the Westgate SuperBook, the Carolina Panthers are early favorites to win Super Bowl 50, which is set to take place at Levi's Stadium in Santa Clara, California on February 7, 2016. The next two weeks are the biggest betting event of the year for Las Vegas SportsBooks, who
Major League Baseball has cleared Texas Rangers pitcher Yu Darvish of any wrongdoing in the illegal gambling case of Yu's brother, Sho Darvish. The probe into a possible gambling connection between the two brothers was initiated in response to Shu Darvish's arrest in October 2015 by Japanese authorities. Sho Darvish
Nevada Governor Brian Sandoval is calling a Gaming Policy Committee meeting for the first time since 2012 to discuss daily fantasy sports and other iGaming issues. The governor of Nevada calls such meetings rarely and the resulting discussions tend to be substantive. The 2012 meeting was used to discuss implimentation
The Texas Attorney General, Ken Paxton, has written an opinion which states that daily fantasy sports is illegal in the state. Paxton wrote in his legal opinion DFS sites like FanDuel and DraftKings are operating illegally within the state of Texas. Texas gaming laws prohibit wagers which "hinge on the
Suffolk Construction Co., a Boston firm, won the $1 billion contract to build the Wynn Everett resort and casino. Wynn Resorts won the right to build a casino in the Boston sururb of Everett in October 2014. The development is expected to be open by the end of 2018. Wynn
