The Asian Poker Tour returns with a new season this weekend. Beginning Friday and running through Jan. 28, the APT Kickoff Vietnam will take place at the Pro Poker Club […]
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One of Europe’s oldest and largest casinos is fighting for its life as prosecutors try to force it into bankruptcy amid allegations of corruption.
Casino di Campione was established 101 years ago on the shores of Lake Lugano and is owned by the roughly 2k souls who call the municipality of Campione d’Italia home. The casino has been a money-loser for years, and prosecutors in the province of Como levelled allegations of financial impropriety against its operators last week.
The casino reported a CHF8m (US $8.3m) loss in 2012, and losses have accelerated ever since, resulting in a 2016 balance sheet that showed assets of CHF21m and liabilities of over CHF65m, including bank debt of CHF39m.
Prosecutors concluded that the casino appeared incapable of generating profits, “nor to achieve its social purpose, the budget balance of the city.” By law, the casino must transfer a fixed sum each year to the municipality, an Italian enclave within the Swiss canton of Ticino.
Gambling operators around the world are always on a quest to find the next big thing in technology, the next big innovation. They are the modern day Ferdinand Magellan who will launch exciting conquests around the world in order to get the latest and the most cutting-edge products in their hands.
But they don’t need to look any further as ICE London 2018 will bring together exhibitors from a total of 62 sovereign states and gaming jurisdiction on a single “ParadICE” in ExCeL, London, on February 6 to 8.
Kate Chambers, managing director of Clarion Gaming, said the attendance of exhibitors from more than 60 sovereign states confirms ICE London as the most important international B2B gaming technology event in the world.
“We’ve worked extremely hard in partnership with our stakeholders to create an event that every gaming vertical feels a part of,” Chambers said in a statement. “Events with a global exhibitor base, in turn, attract a global audience of buyers, a chemistry which explains why ICE London continues to grow.”
Oaklawn Park management has canceled the nine-race card scheduled for Jan. 18 due to frigid temperatures. Fair Grounds also canceled its Thursday card due to harsh winter weather.
Owner and breeder Josephine Gleis died Jan. 14 at the age of 105 surrounded by her family at her home in Newport Beach, Calif., according to her grandson, Rick Hausman.
Oklahomans spent 40 percent more on lottery tickets and scratch-offs since July 1 than they did during the same time period last year, a boost that has been attributed to changes that include larger payouts.Oklahoma, Financials, Legislation, Scratch Games, Sales
Trainer Eddie Plesa is counting on Mr. Jordan’s class to pull him through a scenario that is on the outer limits of his wheelhouse when he starts the 6-year-old in the $200,000 Sunshine Millions Classic Stakes going 1 1/8 miles Jan. 20.
A new play in Chicago called “Flamingo and Decatur” takes place in Las Vegas. The comedic drama is centered around the life of a poker player living down the street […]
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Delaware’s regulated online gambling market suffered a double-digit decline in 2017, reversing 2016’s double-digit gains.
Official figures filed by the Delaware Lottery show the state’s three gaming operators licensed to take online casino and poker action – Delaware Park, Dover Downs and Harrington Raceway – earned combined online gambling revenue of just under $2.4m in 2017, down 18% from 2016’s total.
The state’s annual revenue is essentially a rounding error for many gambling markets, but such is the glacial state of US online gambling legalization that there are still only three active intrastate markets, so it is worth mentioning, if only to provide counterweight to New Jersey’s 2017 haul of $245m.
Video lottery games (slots to the rest of us) provided the bulk of the year’s iGaming revenue, but its $1.57m revenue was 10% below 2016’s $1.75m slots total. It was a similarly sad story for table games, which earned just under $559k last year, down 28% from $777k in 2016.
Grade 1 winner It Tiz Well has been retired from racing following a training injury she sustained Dec. 30 and will be bred to Tapit this season, Tommy Town Thoroughbreds farm manager Mike Allen said Jan. 17.
Foal was bred by and born at Leading Edge Farm near Ocala
Well-traveled Fear the Cowboy, a three-time stakes winner at Gulfstream Park, has been confirmed as the 11th starter in the $16 million Pegasus World Cup Invitational Stakes (G1) to be run Jan. 27.
The not so lucky Lucky Dragon Hotel & Casino in Las Vegas is facing foreclosure just 15 months after its much-heralded launch.
On Wednesday, the Las Vegas Review-Journal reported that the Lucky Dragon will endure the indignity of a foreclosure auction on February 6. Clark County records indicate that the official foreclosure notice was filed last week.
The property was hit with a default notice last September on a $90m loan the property’s developer Andrew Fonfa took out in spring 2016. The loan appears to have been something of a company secret, contradicting Fonfa’s original claims that the first from-the-ground-up casino project in Las Vegas since the similarly ill-fated Cosmopolitan in 2010 was “fully financed.”
The Lucky Dragon announced earlier this month that it was “temporarily” closing its gaming floor and restaurants as the property underwent a “process of repositioning.” The Asian-themed casino’s official Twitter account claimed the shuttered amenities would likely re-open “within six months.”
Oaklawn Park management has canceled the nine-race card scheduled for Jan. 18 due to frigid temperatures.
Hong Kong-listed gaming operator Ourgame has gone on a nearly $66m acquisition spree to extend its mobile gaming reach.
On Wednesday, Ourgame International Holdings Ltd issued a trio of filings via the Hong Kong Stock Exchange detailing its acquisition of three mainland China companies that specialize in mobile mahjong, poker, card and board games.
In the biggest transaction, Ourgame says it paid RMB 220m (US$34.2m) in cash and stock for 100% of Nanjing Haoyun Meicheng Electronics Technology Co., Ltd, which will become a wholly owned Ourgame subsidiary.
The Nanjing firm operates “20 to 30 China regional card and board games, such as mahjong, poker and other card and board game products” across six Chinese provinces, and reported an after-tax profit of RMB 28.4m in 2017.
There was a noticeable lack of German players at this year’s PokerStars Caribbean Adventure, and that’s because WPT European Championship was being held right in their own backyard, at Casino […]
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Oaklawn Park management has cancelled the nine-race card scheduled for Jan. 18 due to frigid temperatures.
Macau police are hot on the trail of a Wynn Macau casino dealer who allegedly stole over $6m worth of gaming chips.
On Wednesday, GGRAsia reported that Macau’s Judiciary Police (PJ) were investigating the theft of casino chips worth nearly HKD 47.9m (US $6.1m) from Wynn Macau on Tuesday. The alleged thief is a dealer in a VIP gambling club at the Wynn Macau property.
Wynn Macau Ltd, the Asian arm of US casino operator Wynn Resorts, declined to offer any insight into reports of the theft, saying only that the matter was in the hands of the local police.
News of the heist spread rapidly on social media on Tuesday, along with a photo and supposed personal information of the alleged thief designed as a wanted poster. The police have denied circulating any such image or information.
Al and Arlene London’s homebred Miss Sky Warrior, a winner of three consecutive grade 2 races in 2016-17 and a favorite for last year’s Longines Kentucky Oaks (G1) has been retired. She will be bred to American Pharoah for 2018.
Change is finally happening in Louisiana as lawmakers are reportedly targeting to rewrite the state’s antiquated casino law in the first quarter of the year.
According to The Associated Press, Republican Sen. Ronnie Johns is set to sponsor a bill that will spark a “meaningful conversation” on Louisiana’s riverboat casino laws and pave the way for the overhaul of the 20-year-old law.
“We’ve started with something we think is very manageable, something that I think has an excellent opportunity to pass,” Johns said, according to the news outlet.
In 1991, legislators enacted a law that gave way to the opening of 15 riverboat casinos in Louisiana. At least $400 million of the $900 million collected from state’s gambling industry came from riverboat casinos, according to the report.