Lawsuits are piling up against Missouri video gaming machine company Torch Electronics. The newest one is from TNT Amusements which claims the slot machine-like devices are illegal and hurt its bottom line. TNT alleges Torch violates state consumer law and federal criminal statutes, according to the St. Louis Post-Dispatch. TNT also claims Torch is taking […]
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Hard Rock International, the new owner of The Mirage, this week announced its own viewing structure for the Formula 1 Las Vegas Grand Prix. The Mirage’s Grandstands will seat up to 3,000 people. Prices for the new tickets weren’t announced. However, earlier this month, Formula 1 announced it would release additional Las Vegas Grand Prix […]
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Melco Resorts & Entertainment (NASDAQ: MLCO) could see its earnings per share surge over the next several years as Macau continues its post-coronavirus rebound, but its credit rating and outlook could remain challenged for some time. That’s the view of Moody’s Investors Service, which in a recent report, reiterated a junk rating of “Ba3” with […]
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Jason Ader’s 26 Capital Acquisition Corp. (NASDAQ: ADER) — the blank-check company attempting to bring Okada Manila public in the US — called a recent countersuit by the casino’s parent company “desperate.” The special purpose acquisition company (SPAC) was recently hit with litigation by Okada Manila parent Universal Entertainment Corp. (UEC) and related affiliates in […]
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Brentford FC manager Thomas Frank says the six-month ban England’s Football Association (FA) is expected to hand down to striker Ivan Toney for gambling infractions will be like a “prison sentence” for the troubled soccer star. Speaking for the first time about the looming ban, Frank criticized the “mixed messages” around gambling in English soccer. […]
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A Maryland iGaming bill seeking to authorize online casinos with interactive slots and table games faces long odds of passing this year after the state legislature moved past its “Crossover Day” without acting on the gaming expansion measure. Crossover Day is the deadline for guaranteeing that a piece of legislation passed in one chamber of […]
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Construction on Dream Las Vegas has stalled in tandem with the developers’ financing plans, according to a new report by the Las Vegas Review-Journal. Between $25M and $30M are owed by the developer for the boutique luxury hotel, the newspaper reported. In February 2020, the Dream Hotel Group — a New York City-based operator of […]
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In Thailand, an investigation is underway into why a warrant for the arrest of a high-profile politician suspected of involvement in drug trafficking and money laundering was torn up by senior judges. Last year, Senator Upakit Pachariyangkun was exposed for his business links to Burmese arms and drug trafficker Tun Min Latt. The senator was […]
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UBS is acquiring rival Swiss bank Credit Suisse for $3.25 billion in a transaction that some experts say is really a bailout, but it may not harm Nagasaki’s efforts to procure financing for casino-resort plans. Last year, Nagasaki Governor Kengo Oishi mentioned Credit Suisse as among the potential financiers of the prefecture’s integrated resort project. […]
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The Richmond Times-Dispatch editorial board believes the Virginia capital city would be smart to fold on its state-allocated casino opportunity and allow nearby Petersburg to instead mull a gaming development. Richmond was one of five cities that qualified to consider a commercial brick-and-mortar casino through state legislation passed in 2020 and signed by then-Gov. Ralph […]
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