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It is rare to see Phil Ivey, the greatest poker player of our time, losing seriously. This man is a genius. He can get inside other people’s heads. The first time I played poker against him, I think he found me a little unsettling. People do, the first time....
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The chairman of Crown Resorts, James Packer, has been questioned by anti-pokies activists at the company’s annual general meeting in Melbourne, conceding that more transparency around gambling revenue and harms may be required. Alliance for Gambling Reform representatives Tim Costello and Stephen Mayne pressed Packer and the board on Thursday morning about...
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The poker player Phil Ivey has lost his court bid to recover £7.7m ( $10.2m) of winnings from a London casino. The 40-year-old American has been fighting to recover the sum since successfully playing a version of baccarat known as Punto Banco at Crockfords Club in Mayfair in 2012....
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Casino revenues of Atlantic City have dipped by 2.7 percent in July but it isn’t enough to make the state gaming officials push the panic button. In fact, New Jersey Division of Gaming Enforcement David Rebuck finds the figure “encouraging” since it only reflects the continued stabilization of the casino...
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Genting has been hit with another Punto Banco scandal as the Scottish Sun reveals an internal investigation is ongoing in Genting Glasgow, and Les Ambassadeurs is in court fighting a mystery man from Singapore. Phil Ivey is an inspiration to many, and under normal circumstances ‘the many’ are poker players....
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China has freed an Australian casino executive who had been convicted of gambling-related offences. Jason O’Connor, who headed Crown Resorts’ international VIP programmes, was sentenced to 10 months in prison in Shanghai in June. Australian foreign minister Julie Bishop confirmed O’Connor’s release on Saturday and said he was returning to Australia to...
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The Queensland government has rejected plans to build a $3bn casino on the Gold Coast’s Southport Spit. The premier, Annastacia Palaszczuk, says community desire to preserve the parkland site for future generations and transport issues associated with the development had driven the Labor government to reject the plan. “This is a unique...
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Bucking overall market trends, Macau casino operator SJM Holdings reported revenue, earnings and profit declines in the first half of 2017. Figures released Tuesday show the Hong Kong-listed SJM’s gaming revenue falling 2% year-on-year to HKD 20.4b ($2.6b) in the six months ending June 30, while adjusted earnings fell 7.7% to...
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When Toya Mitchell first learned MGM Resorts International had won a contract to build a new casino down the street from her house in Prince George’s County, Maryland, she was cautiously optimistic. Mitchell, the owner of Lord & Mitchell, a small, women-run business specializing in customized promotional and printed...
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She paid a smuggler and was tucked into the hold of a ship for the overnight boat ride away from extreme poverty and a dead-end life in rural China. But on her way to a brighter future, Auyeung Lai-sung never made it past the kitchen of one of the...
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The shuttered Trump Taj Mahal casino in Atlantic City has found a buyer. The new owner will be a group of investors led by Hard Rock International, the company behind Hard Rock Cafe. President Trump once operated the hotel, but financed the project with junk bonds and could not...
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→ Gambling hub expected to show seventh straight month of growth → Recovery threatened by property curbs, capital restrictions Chinese high rollers are pulling Macau out of its doldrums, helping reverse the gambling Mecca’s two-year slump with cash created by soaring real-estate values and busy factory floors. Revenue for some...
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Global casino operators are vying to move into Japan’s potentially lucrative market after a ban was lifted by lawmakers in Tokyo, despite warnings over gambling addiction and the involvement of organised crime. Japan’s parliament approved legislation in the early hours of Thursday allowing the construction of “integrated resorts” that...
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Crown Resorts has been unable to contact any of its employees since they were detained three days ago in a series of late-night raids in China and taken away for questioning. “To date, Crown has not been able to speak with our employees and is working closely with the Department of...
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Win for baccarat – the table game of choice for Chinese and other Asian gamblers – fell by 42.3 percent year-on-year in August at Las Vegas Strip casinos in the Nevada gaming hub. Win for mini-baccarat, another form of the game, fell by 17.8 percent in the same period,...
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Edward Deleon Guerrero, executive director of the Commonwealth Casino Commission on Saipan, says the regulator will not be setting a limit on the number of junket operators allowed to do business on Saipan. The main island of the Commonwealth of the Northern Mariana Islands has issued an exclusive casino licence...
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SJM Holdings, the Macau gaming operator owned by the family of legendary casino mogul Stanley Ho, posted a worse-than-expected net profit for the first half of the year as high rollers continue to shy away from the once-lucrative global gambling capital. Adjusted earnings before interest, taxes, depreciation and amortisation,...
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The night of 2 April 1990 is one Tina Condos will never forget. It was the opening night of Donald Trump’s new $1.1bn Atlantic City casino, and Condos was working as a cocktail waitress serving drinks to Michael Jackson, Elle Macpherson and the other stars and socialites who had...
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Is Macau’s epic gambling slump finally coming to an end? Gaming revenues in the Chinese territory increased by 1.1% in August compared to the previous year, snapping a 26-month losing streak that has hurt the city’s casino industry and slammed its economy. Casino stocks surged higher on the positive...
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Casino operator Wynn Resorts is all set to open its new Wynn Palace property in Macau, albeit with fewer gaming tables than expected. The $4 billion integrated resort has reportedly been awarded only 100 mass gaming tables for its opening on August 22. This will be followed by 25...
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Atlantic City casinos had a productive July despite the famed boardwalk featuring nearly as many striking workersas tourists. According to the New Jersey Division of Gaming Enforcement, AC’s eight casinos reported total brick-and-mortar gaming revenue of just under $258m in July, up 5.3% from the same month last year....
It is rare to see Phil Ivey, the greatest poker player of our time, losing seriously. This man is a genius. He can get inside other people’s heads. The first time I played poker against him, I think he found me a little unsettling. People do, the first time....
The chairman of Crown Resorts, James Packer, has been questioned by anti-pokies activists at the company’s annual general meeting in Melbourne, conceding that more transparency around gambling revenue and harms may be required. Alliance for Gambling Reform representatives Tim Costello and Stephen Mayne pressed Packer and the board on Thursday morning about...
The poker player Phil Ivey has lost his court bid to recover £7.7m ( $10.2m) of winnings from a London casino. The 40-year-old American has been fighting to recover the sum since successfully playing a version of baccarat known as Punto Banco at Crockfords Club in Mayfair in 2012....
Casino revenues of Atlantic City have dipped by 2.7 percent in July but it isn’t enough to make the state gaming officials push the panic button. In fact, New Jersey Division of Gaming Enforcement David Rebuck finds the figure “encouraging” since it only reflects the continued stabilization of the casino...
Genting has been hit with another Punto Banco scandal as the Scottish Sun reveals an internal investigation is ongoing in Genting Glasgow, and Les Ambassadeurs is in court fighting a mystery man from Singapore. Phil Ivey is an inspiration to many, and under normal circumstances ‘the many’ are poker players....
China has freed an Australian casino executive who had been convicted of gambling-related offences. Jason O’Connor, who headed Crown Resorts’ international VIP programmes, was sentenced to 10 months in prison in Shanghai in June. Australian foreign minister Julie Bishop confirmed O’Connor’s release on Saturday and said he was returning to Australia to...
The Queensland government has rejected plans to build a $3bn casino on the Gold Coast’s Southport Spit. The premier, Annastacia Palaszczuk, says community desire to preserve the parkland site for future generations and transport issues associated with the development had driven the Labor government to reject the plan. “This is a unique...
Bucking overall market trends, Macau casino operator SJM Holdings reported revenue, earnings and profit declines in the first half of 2017. Figures released Tuesday show the Hong Kong-listed SJM’s gaming revenue falling 2% year-on-year to HKD 20.4b ($2.6b) in the six months ending June 30, while adjusted earnings fell 7.7% to...
When Toya Mitchell first learned MGM Resorts International had won a contract to build a new casino down the street from her house in Prince George’s County, Maryland, she was cautiously optimistic. Mitchell, the owner of Lord & Mitchell, a small, women-run business specializing in customized promotional and printed...
She paid a smuggler and was tucked into the hold of a ship for the overnight boat ride away from extreme poverty and a dead-end life in rural China. But on her way to a brighter future, Auyeung Lai-sung never made it past the kitchen of one of the...
The shuttered Trump Taj Mahal casino in Atlantic City has found a buyer. The new owner will be a group of investors led by Hard Rock International, the company behind Hard Rock Cafe. President Trump once operated the hotel, but financed the project with junk bonds and could not...
→ Gambling hub expected to show seventh straight month of growth → Recovery threatened by property curbs, capital restrictions Chinese high rollers are pulling Macau out of its doldrums, helping reverse the gambling Mecca’s two-year slump with cash created by soaring real-estate values and busy factory floors. Revenue for some...
Global casino operators are vying to move into Japan’s potentially lucrative market after a ban was lifted by lawmakers in Tokyo, despite warnings over gambling addiction and the involvement of organised crime. Japan’s parliament approved legislation in the early hours of Thursday allowing the construction of “integrated resorts” that...
Crown Resorts has been unable to contact any of its employees since they were detained three days ago in a series of late-night raids in China and taken away for questioning. “To date, Crown has not been able to speak with our employees and is working closely with the Department of...
Win for baccarat – the table game of choice for Chinese and other Asian gamblers – fell by 42.3 percent year-on-year in August at Las Vegas Strip casinos in the Nevada gaming hub. Win for mini-baccarat, another form of the game, fell by 17.8 percent in the same period,...
Edward Deleon Guerrero, executive director of the Commonwealth Casino Commission on Saipan, says the regulator will not be setting a limit on the number of junket operators allowed to do business on Saipan. The main island of the Commonwealth of the Northern Mariana Islands has issued an exclusive casino licence...
SJM Holdings, the Macau gaming operator owned by the family of legendary casino mogul Stanley Ho, posted a worse-than-expected net profit for the first half of the year as high rollers continue to shy away from the once-lucrative global gambling capital. Adjusted earnings before interest, taxes, depreciation and amortisation,...
The night of 2 April 1990 is one Tina Condos will never forget. It was the opening night of Donald Trump’s new $1.1bn Atlantic City casino, and Condos was working as a cocktail waitress serving drinks to Michael Jackson, Elle Macpherson and the other stars and socialites who had...
Is Macau’s epic gambling slump finally coming to an end? Gaming revenues in the Chinese territory increased by 1.1% in August compared to the previous year, snapping a 26-month losing streak that has hurt the city’s casino industry and slammed its economy. Casino stocks surged higher on the positive...
Casino operator Wynn Resorts is all set to open its new Wynn Palace property in Macau, albeit with fewer gaming tables than expected. The $4 billion integrated resort has reportedly been awarded only 100 mass gaming tables for its opening on August 22. This will be followed by 25...
Atlantic City casinos had a productive July despite the famed boardwalk featuring nearly as many striking workersas tourists. According to the New Jersey Division of Gaming Enforcement, AC’s eight casinos reported total brick-and-mortar gaming revenue of just under $258m in July, up 5.3% from the same month last year....
