Melco Crown Entertainment Ltd. stocks had a significant drop after Wells Fargo & Co. and Deutsche Bank AG lowered estimates for Macua revenue growth. The American depositary of Melco fell 5.7% on such news. Shares now trade at $30.71, the lowest since September 12. The ADRs traded 4.7% lower in
The past week at the World Series of Poker saw the tournament's momentum pick up. Seven tournaments finished up in as many days, with several others still in progres. The biggest news of Week 2 of the WSOP was the completion of the Millionaire Maker Event and the results of
A dispute has formed over whether Caesars Entertainment helped author an anti-online gambling bill which would ban all Internet gaming besides, poker. Nevada Senator Dean Heller wants to introduce a bill that would ban all forms of online gaming, except iPoker. Nevada political analyst Jon Ralston recently reported that the
U.S. authorities are looking into whether Las Vegas high stakes gambler William "Billy" Walters' million dollar gaming debts have any bearing on his insider trading. The golf club and real estate executive is known as a Las Vegas high roller, but little is known of his personal finances. Thanks to
A Pennsylvania Senate panel is considering the benefits of online gambling, according to the Post-Gazette Harrisburg Bureau. If the panel decides to approve such a plan, a bill might reach the Senate floor later in 2014. The legislators hired a Philadelphia firm, Econsult Solutions, to analyze and report on the
Mohegan Sun and Foxwoods Resort and Casino have launched online versions of their casinos. All the casino games are represented in video form, much like the Atlantic City websites in the New Jersey market. One major difference exists, though: players cannot gamble for real money in the Connecticut websites. The
It is exactly one week until California Chrome makes its bid for history. The Belmont Stakes run on Saturday, June 7 at Belmont Park in New York. A solid field is preparing to run next Saturday, including several horses which have finished 2nd or 3rd in previous Triple Crown races
Retired chef Roland Reparejo won the $500 Casino Employees No-Limit Hold'em event today, becoming the first official WSOP bracelet winner in the 65-event tournament. Mr. Reparejo won $82,835 for the first place finish. Final Round of Play - $500 Casino Employees Event In Day Three of the Casino Employees event,
The Nevada Senate this week rejected a proposal which would have allowed proposition bets on federal elections. On Wednesday, the Committee to Conduct an Interim Study Concerning the Impact of Technology Upon Gaming rejected an election betting proposal. The next time such a proposal will be eligible for debate in
According to a speed given by the Pennsylvania Gaming Control Board commissioner, Pennsylvania is the second leading state in gambling revenues. John J. McNally III gave the speech to the Lebanon Rotary Club detailing the numbers. John J. McNally is a parter in Thomas, Thomas and Haber, a law firm
Dominik Nitsche became the first non-American to win the WSOP National Championship this weekend. The 23 year old Nitsche now owns 2 World Series of Poker bracelets. The WSOP National Championship was held in Bally's Atlantic City Casino. It is considered an official 2014 World Series of Poker event, despite
The Nevada Gaming Commission approved a casino license for Genting Berhad on Thursday. Genting plans to break ground on a $4 billion resort development to be called Resorts World Las Vegas. The Genting casino will be situated on the north end of the Las Vegas Strip. The development is going
