Archive for February, 2017

UK Supreme Court Decides to Hear the Phil Ivey-Crockford’s Edge Sorting Case

UK Supreme Court Decides to Hear the Phil Ivey-Crockford’s Edge Sorting Case

Written by Steve Larson | Tuesday, February 28th, 2017

The United Kingdom’s Supreme Court agreed to hear an appeal in Phil Ivey’s Crockford’s Casino lawsuit. Phil Ivey lost in the UK’s Court of Appeal in November, but he still hopes to collect £7.3 million in winnings from previous baccarat sessions at Crockford’s Casino in London. Most American gambling enthusiasts are more familiar with the […]

Glenn Straub Refuses to Pay PILOT Bill on Revel Building for Q1 of 2016

Glenn Straub Refuses to Pay PILOT Bill on Revel Building for Q1 of 2016

Written by Steve Larson | Monday, February 27th, 2017

Glenn Straub is refusing to pay his part of the PILOT taxes this year, as a form of protest for his inability to attain a casino license. He claims that the taxes assessed to him should consider TEN Casino, formerly known as Revel Casino, as an “abandoned building”. In a phone call with the Press […]

Illinois and Missouri Lawmakers Each Try to Expand Gambling in Their States

Illinois and Missouri Lawmakers Each Try to Expand Gambling in Their States

Written by Steve Larson | Saturday, February 25th, 2017

Legislative efforts are underway in Illinois and Missouri to expand gambling. Both initiatives seek to expand the number of places which can host slot machines with new “video gambling” laws. The issues being debated are different in each of the neighboring states, but both issues call for more gambling at a time when public funding […]

Absolute Poker’s Founder Appears in US Federal Court to Answer “Black Friday” Charges

Absolute Poker’s Founder Appears in US Federal Court to Answer “Black Friday” Charges

Written by Steve Larson | Thursday, February 23rd, 2017

Absolute Poker founder Scott Tom returned to the United States this week to face charges stemmming from the Black Friday scandal of April 15, 2011. Scott Tom is the second person indicted by the US Justice Department in the Black Friday scandal to have faced a judge in the past few months. Scott Tom appeared […]

Connecticut Tribal Gaming Exec Says a Hartford Area Casino Site Will Be Announced within Days

Connecticut Tribal Gaming Exec Says a Hartford Area Casino Site Will Be Announced within Days

Written by Steve Larson | Wednesday, February 22nd, 2017

Executives for Connecticut’s two tribal casinos, Foxwoods and Mohegan Sun, said an announcement about the location of a third casino is only days away. The announcement comes after a year of planning and negotiations. During a legislative hearing on the issue, Kevin Brown, chairman of the Mohegan Tribal Council, said that the announcement would come […]

Powerball Drawing on Wednesday Is the 10th-Largest in the Multistate Lottery’s History

Powerball Drawing on Wednesday Is the 10th-Largest in the Multistate Lottery’s History

Written by Steve Larson | Tuesday, February 21st, 2017

The Powerball jackpot on Wednesday, February 22 will be the 10th-largest in the multistate lottery’s history. The jackpot for the Wednesday night drawing now sits at $403 million. Five of the ten biggest Powerball jackpots have happened since the beginning of 2016. That is no coincidence. In October 2015, the Powerball Lottery Association changed the […]

Minnesota Charitable Gaming Organizers Ask Lawmakers for Tax Breaks

Minnesota Charitable Gaming Organizers Ask Lawmakers for Tax Breaks

Written by Steve Larson | Monday, February 20th, 2017

Minnesota charitable gaming operators are asking the state legislature for tax breaks. Some of those charitable organizations say they pay more in taxes each year than they pay towards good works. For instance, the Duluth charitable gambling foundation, Irving Community Association, said it pays more than double in taxes than it pays in charity work. […]

Jeff Chiesa and Borgata Agree to a $72 Million Settlement of Tax Dispute

Jeff Chiesa and Borgata Agree to a $72 Million Settlement of Tax Dispute

Written by Steve Larson | Friday, February 17th, 2017

The state of New Jersey and Borgata Casino in Atlantic City have agreed to a settlement in a longstanding tax dispute. To end the dispute, New Jersey agreed to pay Borgata $72 million. It was not New Jersey which owed the money to Atlantic City’s most successful brick-and-mortar casino. It was Atlantic City itself, which […]

Brent Musburger Hired to Headline VSiN’s Multi-Channel Sports Betting Network

Brent Musburger Hired to Headline VSiN’s Multi-Channel Sports Betting Network

Written by Steve Larson | Thursday, February 16th, 2017

Vegas Stats & Information Network (VSiN) is ready to launch as the first multi-channel sports betting network in the United States. Longtime ABC, ESPN, and CBS sportscaster Brent Musburger has been hired for VSiN Network coverage. The VSiN television studio is located in the sportsbook of the South Point in Vegas. South Point Hotel and […]

Sheldon Adelson Pulls $650 Million in Funding for the Las Vegas Stadium Project

Sheldon Adelson Pulls $650 Million in Funding for the Las Vegas Stadium Project

Written by Steve Larson | Wednesday, February 15th, 2017

Earlier this month, it was announced that Sheldon Adelson reneged on an agreement to pay $650 million into the proposed $1.9 billion domed stadium planned for Las Vegas. Subsequent reports suggest that Adelson’s decision is final. The loss of funding puts the Oakland Raiders’ move to Las Vegas in jeopardy. With roughly 33% of the […]