Casino

Mega Millions Hysteria Grows, as Jackpot Balloons to $630M

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The Mega Millions jackpot for this Friday, July 22, is an estimated $630 million. The generation-changing sum up for grabs is the fifth-largest prize in the interstate lottery game’s history.

Las Vegas Sands Among Top S&P 500 Spenders on Private Jets for Executives

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Spending by S&P 500 companies on private air travel for top executives hit a record last year, and Las Vegas Sands (NYSE:LVS) was among the contributors to that trend.

UK Gambling Commission to Change How It Oversees Gambling Operators

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For years, the UK Gambling Commission (UKGC) has used dedicated account managers for operators. This will no longer be the case, with the gambling regulator announcing changes to its regime.

Bally’s Sets $1B Rhode Island Casino Property Deal

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Bally’s (NYSE:BALY) is selling the property assets of its two Rhode Island casinos to Gaming and Leisure Properties (NASDAQ:GLPI) for $1 billion. It will leaseback the venues from the gaming landlord, the companies announced today.

Gaming Stocks Could Be Winning Consumer Cyclical Bets, Says BofA

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The Consumer Discretionary Select Sector Index is off 25% year-to-date, and gaming stocks are among the drags on that benchmark. But at least one research firm sees shares of casino operators as the best bets in the consumer cyclical space.

Chris Rock Inducted into Mohegan Sun Walk of Fame

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Chris Rock is the newest member of the Mohegan Sun Walk of Fame.

Aspire Global Abandons Russia, Adds New Ground Through Pariplay-Sportingtech Deal

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A partial look at Russia’s Red Square. The future of the country is in doubt as commercial entities pack up following the invasion of Ukraine. (Image: PlanetWare)

Philippines Stays on Gray List Over Casino Junket Money Laundering

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Philippine banknotes, pictured. FATF said that the country’s efforts to follow dirty money trails was improving, but not enough to lose its gray-list status. (Image: The Business Times)

Al Capone Casino and Bootlegging Florida Mansion Listed for Sale

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An estate once rumored to be home to an underground casino run by associates of Al Capone looks out over the Intracoastal Waterway. The Florida mansion comes with an asking price of $13.9 million. (Image: Sotheby’s International Realty)

Paddy Power Radio Ad Banned for Garbled Terms and Conditions

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Paddy Power has been forced to tone down its provocative ads, such as the one above during the 2016 US presidential election, in the face of impending gambling reforms in the UK. (Image: Paddy Power)

EuroMillions Winner of $217M Donates Jackpot to Environmental Charity

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A recent EuroMillions lottery winner scored one of the largest prizes possible. But instead of spending the money on yachts, mansions, and fancy clothes, he is giving away most of his fortune to save the planet.

Nevada Casinos Extend Unprecedented $1B Winning Streak to 12 Months

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It used to be a thing when Nevada casinos eclipsed the $1 billion mark in a single month. Not anymore.

Bangkok Likely Home of First Thailand Casino

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Not surprisingly, the government committee spearheading the effort to potentially bring casino gaming to Thailand is pushing for the country’s first integrated resort to be located in the capital city of Bangkok.

Thai Monk Hits Big Lottery Win, Gives It All Away

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A Buddhist monk tasted what it’s like to have a huge cache of money after winning the lottery. As quickly as it came, the money went, as the monk decided to give away his fortune.

South Dakota Hotel Sued After Banning Native Americans from Casino Bar

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A Rapid City, SD hotel that threatened to ban Native Americans from booking rooms and visiting its casino bar is facing a class-action lawsuit from an indigenous activist group.’

Crown Resorts Learns Fate in Western Australian as Crown Perth Inquiry Wraps Up

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New South Wales was the first to go after Crown Resorts before Victoria followed. Now, Western Australia has completed its inquiry into the casino operator’s past and has issued its verdict.

Montana Casino Armed Robbery Leads to Woman’s Apprehension

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One woman was in custody, and another appeared to be on the loose after a Sunday night holdup at Magic Diamond Casino. It is located in Billings, Montana.

Japan Prime Minister Nods at Importance of Casinos for International Tourism

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Japan’s ruling political party is doubling down on integrated resorts. As potential host candidates ready their final presentations, the government is certain casinos will boost international tourism.

Pennsylvania to Distribute $2M in Grants for Illegal Gambling Crackdown

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Pennsylvania police will soon be better funded to crack down on illegal gambling operations.

‘SLOT Act’ Seeks to Increase Jackpot IRS Threshold to $5K

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A slot machine suspends its operations after a lucky gambler hit a $15,000 jackpot. Attendants respond to such wins to make sure the terminal is functioning properly and to also arrange the proper completing of IRS tax documents. (Image: Shutterstock)

Detroit Mayor Mike Duggan Credits iGaming for Keeping City Budget Afloat

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Detroit Mayor Mike Duggan lays out his 2023 fiscal budget before the City Council on March 7, 2022. Duggan says allowing Detroit’s three casinos to operate online games and mobile sports betting dramatically lessened the financial burden caused by the COVID-19 pandemic. (Image: City of Detroit)

Las Vegas Casinos May See Fewer Visitors Thanks to Soaring Gas Prices, Analysts Say

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A Las Vegas station charging around $5 a gallon for gasoline, pictured above. The station is on Flamingo Road. (Image: Las Vegas Review-Journal)

DraftKings CEO Jason Robins Warns Investors They’ll ‘Regret’ Selling Falling Stock

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DraftKings CEO and Board Chair Jason Robins in an interview last September with CNBC. Since last September, shares of DraftKings have dropped by more than $46. On Tuesday night, Robins said the company would work to make people “regret” selling their stock. (Image: CNBC)

Macau Gross Gaming Revenue, Visitation, and Employment All Down

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Tourists walk along Macau streets. The number of visitors dropped recently as COVID-19 concerns in mainland China remain high. (Image: Cest La Vie)

Las Vegas Reid Airport to Add Flights from Breeze Airways Starting in June

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Harry Reid International Airport, pictured above. The Las Vegas airport will see flights added from a new budget airline called Breeze Airways later this year. (Image: Wikimedia Commons)

Station Casinos Durango Resort Officially Under Construction in Southwest Las Vegas

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Site work at Durango, A Station Casinos Resort is seen on March 4, 2022, with the Las Vegas Strip in the background. Station Casinos has budgeted $750 million to construct a local casino on the 71-acre tract. (Image: Las Vegas Review-Journal)

Wakayama Officials Scrambling to Submit Casino IR Plan by April Deadline

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Wakayama Governor Yoshinobu Nisaka speaks at a prefecture tourism event in 2019. Nisaka is urging prefecture lawmakers to quickly approve of the region’s plans to host an integrated resort casino. (Image: Inside Asian Gaming)

Gambling Debt Leads Malaysian Man in Singapore to Life of Crime

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A typical courtroom in Singapore. One like this is where a Malaysian man learned his fate this week after robbing a pawnshop for gambling money. (Image: Singapore Judiciary Court)

Caesars CEO Tom Reeg Buys 10,000 Shares, Stock Draws Analyst Praise

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Caesars CEO Tom Reeg in a 2021 CNBC interview. He bought 10,000 shares of the company’s stock. (Image: CNBC)

MGM Investor Barry Diller Hits ‘Lucky Bet’ on Activision Options, Draws Federal Scrutiny

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IAC Chairman Barry Diller at the Wall Street Journal Digital Conference in 2017. His options bet on Activision is being investigated by federal regulators. (Image: Reuters)

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