Caesars Entertainment, which owns Harrah’s and Bally’s hotels and casinos, is getting ready to put itself up for sale as soon as this week, The Post has learned. The $24 billion company plans to announce within days that its board has approved a sales process amid pressure from billionaire investor Carl Icahn, sources told The Post.
|
|
The Nevada Gaming Control Board confirmed to Wynn Resorts that company CEO Matt Maddox “remains in good standing” following the state agency’s investigation surrounding former chairman and CEO Steve Wynn that led to a record-setting fine against the company. In a statement Wednesday, Wynn Resorts said it received written confirmation of Maddox’s current status from the regulatory body. Maddox, who was named CEO in February 2018, was “found suitable as an officer of Wynn Resorts” in January 2010.
|
|
A consultant Gov. John Bel Edwards’ administration hired says Louisiana needs to relocate two casinos, lower taxes on gambling and legalize sports betting in order to compete with Mississippi. Spectrum Gaming Group issued a 260-page report on the state of Louisiana’s gambling industry for the Louisiana Economic Development agency April 2. The Times-Picayune | NOLA.com obtained a copy Tuesday before it was publicly released. The report surfaces just as the Louisiana Legislature is set to consider new gambling laws and tax structures in its lawmaking session that started Monday.
|
|
Gavin Isaacs said there’s misinformation about the gaming industry. But there is one thing he’s sure about: The Internet is the key to the future of gaming. Isaacs, who in January became the non-executive chairman of SBTech, a sports betting and gaming technology supplier, will provide the keynote address at the Southern Gaming Summit, May 7-9 at the Beau Rivage in Biloxi, Mississippi. Isaacs, the former vice chairman of Scientific Games, said he plans to “give my views on the state of the industry, where it’s going and what the opportunities are.”
|
|
(Pennsylvania)
Philadelphia's SugarHouse Casino has a new general manager. Rob Long is a veteran at parent company Rush Street Gaming, leading the development of its first U.S. casino.
|
|
(
Ohio)
MGM Resorts International “would love to see” legalized sports betting come to Ohio and for the state’s racinos to add table games, the president and chief operating officer of MGM Northfield Park said Tuesday. Those decisions ultimately must be made by state lawmakers and voters, but the global entertainment company is supportive, Chris Kelley said.
|
|
(Florida)
The Seminole Tribe is reportedly in talks to update its Class III gaming compact with the state of Florida. The News Service of Florida said state lawmakers have been negotiating with the tribe in hopes of reaching a new deal before the end of their legislative session on May 3.
|
|
(Michigan)
Detroit's three casinos reported a combined record $140.3 million in total aggregate revenue in March, the Michigan Gaming Control Board said in a news release.
|
|
(Las Vegas)
Downtown Las Vegas’ Golden Gate property cleared a hurdle Wednesday in efforts to open its own race and sportsbook, winning a recommendation for licensing approval from the state Gaming Control Board.
|
|
(Las Vegas)
The Public Utilities Commission of Nevada on Wednesday approved MSG Sphere’s request to leave NV Energy and use an alternative power provider — with no exit fee.
|
|
(California)
Authorities say a Southern California internet cafe was actually an illegal gambling site.
|
|
Commentary
By John L. Smith, CDC Gaming Reports
The Massachusetts Gaming Commission has had its hands full lately with the fallout from the sexual harassment at Wynn Resorts. But there’s more going on at the agency that’s important – even if it doesn’t generate startling headlines. Beyond acting as a licensing and regulatory agency, the MGC continues to press for a greater understanding of legalized gambling’s impact on the community. For proof look no further than its funding a study titled “Casinos and Gambling in Massachusetts: African-American Perspectives.” The
research-based report
“examines perceptions and beliefs of African American Americans” toward casinos and other forms of gambling. Along with the MGC-funded Social and Economic Impact of Gambling in Massachusetts study – touted as “one of the largest longitudinal studies on gambling ever implemented in the United States” – the reports show an appreciation of a gambling economy’s complex effects on society.
(more)
|
|
Malaysian gaming giant Genting Berhad and Hard Rock International are among the global casino operators that could consider a takeover of Australia’s Crown Resorts, according to analysts from Deutsche Bank AG.
|
|
An audit of high-rolling gambler payouts at B.C.’s largest casino has found errors in payouts, but not the “wild west” of money laundering that has been a popular narrative with B.C. Attorney General David Eby and some Vancouver media.
|
|
(Vietnam) The end of a ban on locals gambling in casinos in Vietnam is likely to increase the country’s exposure to money laundering.
|
|
(Northern Mariana Islands) The Commonwealth of the Northern Mariana Islands (CNMI) is set to vote on a bill that would allow licenses to be issued for online gaming operations.
|
|
(Sweden) Kindred Group has completed its move to new state-of-the-art premises in Stockholm, where the operator expects to hire 250 new employees to consolidate expansion “in the coming years”.
Read more:
iGaming Business
|
|
|
|
|
|
|
