Fines, Lawsuits & Litigation | World Casino News

Seminole tribe made $2.4B in 2015; information revealed in debated casino documents

May 17, 2016

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Florida, Fines, Lawsuits & Litigation

Efforts by the Seminole Tribe of Florida to block financial information from being published reveal that the tribe made $2.4 billion last year, the majority of which originated from the gambling business. Ho...

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Kim M

May 15, 2016

Latest Casino and Gambling News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive unit, which is one of the company’s few branches that is ac...

Miami-Dade and state prosecutor sued by Genting to force approval for Omni casino

Kim M

May 12, 2016

Latest Casino and Gambling News, Florida, Fines, Lawsuits & Litigation

Miami-Dade County and its State Attorney Katherine Fernandez Rundle are being sued by the Genting Group in what seems to be an attempt to force the state to allow the Malaysian casino operator to provide slots ...

Puerto Rico suspends VLT legalization plans

Adam Morgan

May 12, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Lottery, Fines, Lawsuits & Litigation, Puerto Rico

In Puerto Rico, the Department Of Treasury has suspended plans to legalize up to 100,000 video lottery terminals (VLTs) until lawsuits brought by The Association Of Slot Machines Owners and The Puerto Rico Hote...

Not guilty plea filed by David Baazov on insider trading charges

Sadonna Price

May 4, 2016

Latest Casino and Gambling News, Quebec, Fines, Lawsuits & Litigation

On Monday, it was announced that the former CEO and Chairman of Amaya Gaming, David Baazov, pled not guilty to charges of insider trading, according to the Autorité des marchés financiers. The Quebec securities...

Atlantic City makes $1.8 million bond payment and avoids default

Renee Kingsley

May 3, 2016

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey

The almost bankrupt Atlantic City narrowly managed to avoid defaulting on its payment schedule, after the city scraped together $1.8 million and completed its bond payment on the morning of May 2nd. The city w...

Boldt Peralada’s attempt to exclude Marina del Sol rejected by Chile court

Kim M

May 2, 2016

Latest Casino and Gambling News, Casino proposals, Chile, Fines, Lawsuits & Litigation

The Supreme Court has rejected the appeal by the Argentine-Spanish Boldt Peralada group which sought to exclude Marina del Sol from the tender process. The argument by Boldt Peralada was that its competitor,...

Lightbody and co-defendants acquitted in Everett casino land deal

Kim M

May 1, 2016

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, Massachusetts

On Friday, Charles A. Lightbody and two codefendants were acquitted by a federal jury of charges that they schemed to conceal Lightbody’s financial interest in a lucrative deal for the sale of Everett land to W...

48 individuals indicted in bank fraud scheme at Atlantic City casinos

Kim M

April 27, 2016

Latest Casino and Gambling News, Racketeering, Fines, Lawsuits & Litigation, Financial Fraud, New Jersey

On Monday, 48 people were charged with a bank fraud scheme that netted those involved more than $570,000. Most of the money was withdrawn at casinos in Atlantic City. According to New Jersey Attorney General...

Casino decision to be appealed by Cherokee County

Kim M

April 27, 2016

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, Kansas

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On Monday, Cherokee County commissioners voted to appeal a Shawnee County judge's decision last month that upheld the manner in which a license for a state casino being built in Crawford County was awarded by K...

Ameristar’s plan to sell casino and lease it back, opposed by Union

Kim M

April 27, 2016

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Indiana

A judge is being asked by a labor union that represents workers at the Ameristar Casino located in East Chicago to review the Indiana Gaming Commission’s approval last month of a plan by Pinnacle Entertainment ...

Alabama Senate fails to pass bill in support of VictoryLand electronic bingo

Sadonna Price

April 21, 2016

Latest Casino and Gambling News, Alabama, Casino project updates, Fines, Lawsuits & Litigation

Just two days ago, the Alabama Senate convened and placed a vote on the subject of VictoryLand and electronic bingo machines. VictoryLand wants to use the same type of electronic bingo machines as the gambling ...

New Jersey hit with $33.5 million lawsuit for failing to keep its promise to Atlantic City

Renee Kingsley

April 20, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, New Jersey

New Jersey Governor Chris Christie increased pressure for a state takeover of the nearly bankrupt Atlantic City earlier this month after instructing the commissioner of education to take Atlantic City to court,...

VictoryLand looks beyond Alabama Supreme Court

Kim M

April 17, 2016

Latest Casino and Gambling News, Alabama, Fines, Lawsuits & Litigation

The ruling handed down by the Alabama Supreme Court on March 31 will not be appealed by VictoryLand’s legal team; instead, they will look to either federal court or to the United States Supreme Court for relief...

Jury selection expected to begin today in federal criminal trial involving Wynn Everett Casino land

Sadonna Price

April 11, 2016

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, Massachusetts

Today, jury selection is expected to take place in a wire fraud trial, where three men have been accused of trying to hide an ownership stake in waterfront land where Wynn Boston Harbor is to be constructed. On...

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Seminole tribe made $2.4B in 2015; information revealed in debated casino documents

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Miami-Dade and state prosecutor sued by Genting to force approval for Omni casino

Puerto Rico suspends VLT legalization plans

Not guilty plea filed by David Baazov on insider trading charges

Atlantic City makes $1.8 million bond payment and avoids default

Boldt Peralada’s attempt to exclude Marina del Sol rejected by Chile court

Lightbody and co-defendants acquitted in Everett casino land deal

48 individuals indicted in bank fraud scheme at Atlantic City casinos

Casino decision to be appealed by Cherokee County

Ameristar’s plan to sell casino and lease it back, opposed by Union

Alabama Senate fails to pass bill in support of VictoryLand electronic bingo

New Jersey hit with $33.5 million lawsuit for failing to keep its promise to Atlantic City

VictoryLand looks beyond Alabama Supreme Court

Jury selection expected to begin today in federal criminal trial involving Wynn Everett Casino land

At Least Three Lawsuits Follow Rivers Casino Data Breach

Flutter Adjusts US Revenue Projections After NFL Betting Trends

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

Manhattan Community Board Opposes $12B Hudson Yards Casino Project Amid Local Criticism

US Horse Racing Wagering Falls for Third Year as Industry Faces Declining Participation and Revenue