Day: August 22, 2024
Entain Shareholders Sue Over $760M Turkish Bribery Fine
A group of investors in UK-based online gambling giant Entain (OTC: GMVHF) have filed a class-action lawsuit that seeks compensation for damage done to the company’s share price by a bribery probe into its former Turkish operations. Entain, formerly known as GVC Holdings, was accused by UK tax agency HMRC of failing to have protocols…
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Genting NY Casino Bid Could Be Hindered by Las Vegas Controversy, Says CIMB
Genting Bhd’s effort to procure one of the three downstate casino licenses in New York could be damaged by potential regulatory discipline the operator faces in Nevada, according to CIMB Securities. Resorts World New York in Queens. Operator Genting’s hopes of converting the venue to a traditional casino could be harmed by Las Vegas controversies,…
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California Gov. Gavin Newsom Opposes Koi Nation, Scotts Valley Casinos
California’s Democratic governor, Gavin Newsom, has written to the federal government to voice opposition to two tribal casino projects in the heart of the state’s wine country, which he claims “stretch the ‘restored lands’ exception beyond its legal limits.” California Governor Gavin Newsom, above, won’t have the final say on whether the two tribes get…
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Virginia Lawmakers Mull Formation of Gaming Commission Following Expansion
Virginia lawmakers in Richmond continue to study whether the commonwealth should form an agency dedicated to the regulation of commercial gaming. The Joint Subcommittee to Study the Feasibility of Establishing the Virginia Gaming Commission is seen in July 2024. Churchill Downs wants parimutuel wagering to remain under the regulatory scope of the Virginia Racing Commission.…
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Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes
The American Gaming Association (AGA), the nation’s preeminent trade group representing the interests of the commercial and tribal gaming industries in Congress and across the country, says online sweepstakes deserve more regulatory scrutiny. The American Gaming Association contends that online sweepstakes casinos that allow players to win real money deserve regulatory and legal scrutiny from…
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Borgata Settles BetMGM iGaming Platform Violations With New Jersey Regulator
Borgata Hotel Casino & Spa in Atlantic City has agreed to pay the New Jersey Division of Gaming Enforcement (DGE) $75K to settle a regulatory infraction incurred by the casino’s iGaming partner BetMGM. BetMGM signage in the New Jersey Transit Secaucus train station. BetMGM and its partnered casino in Atlantic City, Borgata, have agreed to…
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