Federal Review Intensifies Over Vallejo Casino Proposal

Johnny K.
Tribal Gaming, Casino News, Casino proposals, Latest Casino and Gambling News, Tribal Gaming, U.S.A., North America Casino News, World Casino News, Casino project updates, Gaming Industry News, California, Fines, Lawsuits & Litigation
Federal oversight of the Scotts Valley Band of Pomo Indians’ proposed casino in Vallejo has entered a new phase, as the U.S. Department of the Interior moves forward with a full review of its January gaming eli...

UK Appeal Court Rejects Tycoon’s £1.5m Claim Against Betfair

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, European Casino News, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation, United Kingdom
A long-running legal fight in the United Kingdom between property investor Lee Gibson and Betfair reached its conclusion after the Court of Appeal ruled that the operator bore no responsibility for Gibson’s gam...

Genting Group Sees Multiple Moody’s Downgrades Amid Rising Debt

Johnny K.
Latest Casino and Gambling News, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Malaysia, Singapore, Nevada, New York
Moody’s Ratings has issued a series of downgrades across Genting Berhad and two major subsidiaries after months of review, pointing to heavier debt loads and a slower rebound in earnings. The rating agency’s la...

New York Reports Record Online Sports Betting Revenue

Johnny K.
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Fantasy Sports, Financial Press Releases, New York
New York’s online sports betting market posted another milestone in November, as state regulators reported all-time-high revenue figures driven by strong results from the largest operators and a surge of holida...

Genting Berhad Raises New Funding as Takeover Drive Continues

Johnny K.
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships, Malaysia, New York
Genting Berhad has intensified its financing activities as it works to increase its ownership of Genting Malaysia Berhad, unveiling a major notes program and issuing additional debt through two subsidiaries. Re...

Florida Lawmakers Advance Plan to Curb Non-Seminole Gambling

Johnny K.
Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Online Gambling News, Florida
Florida legislators are reviewing a slate of proposals aimed at restricting online gaming that falls outside the Seminole Tribe’s compact with the state. The central measure, House Bill 591, introduced by Rep. ...

New RICO Suit Challenges Operations at Resorts World Las Vegas

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Las Vegas, Casino News, World Casino News, North America Casino News, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Nevada
Resorts World Las Vegas and several former executives, including ex-president Scott Sibella and attorney David Chesnoff, are facing a federal civil lawsuit that accuses them of running the property as a rackete...

Brazil Senate Panel Moves Forward on Tax Changes for Bets and Dividends

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Brazil, Central & South America Gaming, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes
A bill reshaping tax obligations for online betting operators, fintechs, and dividend payments cleared the Brazilian Senate’s Economic Affairs Committee (CAE) this week with a broad majority. The measure passed...

Betfred Penalized £825,000 After Compliance Review Flags Multiple Failures

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, European Casino News, Sports betting, Fines, Lawsuits & Litigation, United Kingdom
Done Brothers (Cash Betting) Limited, known as Betfred, must pay £825,000 after regulators found shortcomings in the company’s oversight of anti-money laundering processes and safer gambling safeguards within i...