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Texas became the latest state to declare that daily fantasy sports sites violate state law, the state’s attorney general wrote in an opinion released on Tuesday. Texas Attorney General Ken Paxton wrote “that a court would likely determine participation in daily fantasy sports leagues is illegal gambling” under state law.... -
FinCEN has many important responsibilities but one of its more interesting assignments is oversight of anti-money laundering compliance by casinos (and card clubs). Casinos are under increasing scrutiny these days for lax AML compliance. In March 2015, FinCEN imposed a $10 million penalty on Trump Taj Mahal in Atlantic...
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Las Vegas, the city so lit up that some astronauts report its famous central strip is the brightest spot on earth, is trying to change course. The neon lights of its early years are being replaced by LED screens and the casinos and hotels are cutting their energy and...
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The decline in American gambling claimed one of the star companies in the industry as a division of financially troubled Caesars Entertainment will head to court in Chicago on Thursday to file for Chapter 11 bankruptcy protection. Lawyers revealed the timing and location of the move in a legal...
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Massachusetts voters will have an opportunity in November to repeal a 2011 law legalizing gambling, the Supreme Judicial Court ruled on Tuesday, casting uncertainty over a years-long effort to bring casinos to the state. The question came before the court after Massachusetts Attorney General Martha Coakley sought to block...
