5352 stories by Casino.org Staff Writer
Sports Bettor Billy Walters Gets Five Years for Securities Fraud
Celebrated sports bettor Billy Walters was sentenced to five years in prison by a federal judge in Manhattan on Thursday, having been found guilty in April of insider trading. The 71-year-old was judged to have profited from privileged information supplied by the...
Nevada Casino Revenue Ends Fiscal Year Up Nearly Three Percent, Sportsbooks Win Big in June
Nevada casino revenue totaled $11,444,388,000 during the 2016-2017 fiscal period, a 2.9 percent increase compared to the previous year. For the 12 months from July 2016 through June 2017, casino win increased in 13 of the state's 15 studied markets. The biggest...
English Premier League Shirt Sponsorship Hits ￡281.8 million
English Premier League team shirt sponsorship has rocketed to all-time high. The league’s 20 teams will earn a combined ￡281.8 million ($368 million) from the brands that will adorn chests during the forthcoming 2017-18 season. That’s up ￡55 million ($72 million) on...
Online Revenues Soar for Ladbrokes Coral as Retail Profits Tumble
Just as online sales for common goods have forced many brick-and-mortar retail stores to close, it seems the more “punters” in the UK bet online, the less they bet in traditional bookmaking shops. Ladbrokes Coral’s revenue from digital operations climbed 17 percent...
Pennsylvania Senate Plans on Mystery Gambling Revenues to Help Plug Budget Hole
The Pennsylvania Senate is betting on $200 million in new gambling revenues to help balance the state budget, even though they aren't exactly sure what type of new gambling they'll allow to generate that money. Democratic Gov. Tom Wolf allowed an underfunded...
Las Vegas Sands Earnings Beat Forecasts on Strong Quarter in Macau and Singapore
Las Vegas Sands made $3.14 billion in net revenue during the third quarter of 2017, an 18.6 percent surge compared to the previous April through June period. In a financial disclosure, the corporation pointed to the recovery in Macau, paired with a...
Massachusetts Moves to Legalize DFS, But DraftKings Miffed by Online Gaming Label
A special commission in Massachusetts has recommended the State Legislature regulate daily fantasy sports, but pass on regulating online poker and casino gaming for the time being. But by labeling DFS as online gaming worthy of being regulated like gambling, Boston-based DraftKings...
Unions to Go After Crown Melbourne’s VIPs, Threatening ‘Social Media War’ After Layoffs
James Packer’s Crown Resorts is facing a vicious backlash from Australia’s unions over its decision to sack 16 slots technicians at its flagship Crown Casino Melbourne. The chorus of anger has been amplified by the fact that Amtek, the company to which...
Connecticut Amends Tribal Gaming Compacts to Allow for New Casino
Connecticut's House of Representatives approved updates to the state's tribal gaming compacts on Monday, clearing the way for the Mohegan and Mashantucket Pequot tribes to jointly build the state's third casino, and its first on non-tribal land. On a vote of 118-32,...
Wynn Resorts’ Strong Performance Not Strong Enough for Investors
Strong performances for Wynn Resorts in Macau and Las Vegas boosted the firm’s Q2 revenues beyond analysts’ expectations, but profits fell just short of projections. In an earnings call Wednesday, Wynn Resorts said revenue was $1.53 billion for the quarter, beating the...