Month: August 2024
Casino Crime Roundup: Mohegan Sun Robber Found Guilty
A man was found guilty this month by a Connecticut jury for pulling out a knife and stealing $55K from a visitor at the Mohegan Sun casino complex in 2022. Mohegan Sun casino, pictured above. A robber at the casino complex was convicted. (Image: Mohegan Sun) Edward L. Taylor, 33, of Bridgeport, Conn., was convicted…
Read More
FanDuel Deals Blow to DraftKings, Says No to Surcharge
***UPDATE: Soon after Flutter said it will not proceed with a surcharge, DraftKings announced it is reversing course and will not tax winning sports bets in Illinois, New York, Pennsylvania, and Vermont. DraftKings said the move was made in response to listening to its customers.*** In a clear blow to rival DraftKings (NASDAQ: DKNG), FanDuel…
Read More
Caesars Virginia Has 650 Jobs to Fill Before Permanent Resort Opens
Caesars Virginia in Danville confirmed this week that construction of the permanent resort remains on schedule and that the entertainment destination will open before the end of the year. Construction continues on Caesars Virginia, a $750 million project in Danville that’s slated to open before 2024 concludes. Caesars Virginia is looking for 650 workers to…
Read More
New Hampshire City Plans New Regulations on Casino Locations
Keene, New Hampshire’s City Council may approve new restrictions next month on where gaming properties can be located. The likely zones for casinos will be in the city’s commercial district. Keene, N.H., downtown gazebo, pictured above. City officials are planning to restrict casino locations. (Image: Visiting New England) Council members are working to prevent charitable…
Read More
Macau Casino Stocks Languish on New Money Transfer Rules
Macau casino stocks extended a now lengthy slump Monday on news that the Special Administrative Region (SAR) is attempting to criminalize unlicensed money transfers when the intent of the exchanged cash is for wagering purposes. Guests arrive at The Londoner in Macau on the Cotai Strip. Macau casino stocks slumped on news of a potential…
Read More
Bill to Expedite NYC Casino Licenses on Life Support
Legislation to speed up bidding for three New York City-area casino licenses faces a bleak near-term outlook. The objective of the bill was to open the window for proposals by the end of this month, but that appears unlikely because there’s less than three weeks left in August. An aerial shot of the New York…
Read More
Mohegan Reports Record Revenue Thanks to Inspire Korea Ramp-Up
The Mohegan Tribal Gaming Authority, operating commercially as Mohegan, formerly Mohegan Gaming & Entertainment, experienced record revenue in the third quarter of the company’s 2024 fiscal year that ended June 30, 2024. Mohegan said in its third-quarter financial report that the opening of Inspire in South Korea at Incheon International Airport helped grow revenue to…
Read More
Ohio Republicans Say Ban on College Player Props Unjustified in NIL Environment
Three Republicans in the Ohio House of Representatives say the state’s ban on college player prop bets is unwarranted in the wake of student-athletes being able to profit from their name, image, and likeness (NIL). The DraftKings Sportsbook in Virginia presents player prop odds on the number of strikeouts each starting pitcher for Friday’s Cleveland…
Read More
DraftKings Surcharge Could Add $270M in Revenue, Says Research Firm
DraftKings’ (NASDAQ: DKNG) recently announced surcharge on winning sports bets in four states could generate up to $270 million in added gross gaming revenue, according to an estimate by Eilers & Krejcik Gaming (EKG). Inside DraftKings’ Nevada office. The company’s surcharge plan could be a revenue generator, but it carries risks, says a research firm.…
Read More
Seneca Nation Presidential Candidate Says New York Deserves No Gaming Money
The Seneca Nation of Indians in upstate New York will elect their next president in November. Whoever replaces President Ricky Armstrong, Sr. will be tasked with carrying on the tribe’s unsettled Class III gaming compact discussions with the state. J.C. Seneca wants to become the next president of the Seneca Nation of Indians. He also…
Read More