The French gambling authority ANJ has reviewed action plans submitted by licensed gambling operators to combat fraud, money laundering and terrorist financing.
The French gambling authority ANJ has reviewed action plans submitted by licensed gambling operators to combat fraud, money laundering and terrorist financing.
The status of London as the world capital of gaming has been underlined with confirmation that over 557 regulators and legislators from jurisdictions around the globe will be attending ICE 2017 alongside CEOs representing every major gaming trade association in the world.
If Proposition A fails at the polls next week, Kansas City gamblers can only hope Missouri casino regulators are paying attention to a controversy brewing in northwest Iowa. Lyon County voters recently approved plans for a USD 90 million casino near the rural community of Larchwood, a stone’s throw from the South Dakota border. The project is not a done deal, however, and a handful of commercial and tribal casino operators in the region are starting to worry that this new competitor...
Tropicana Entertainment executives will go before state gaming regulators next month to discuss issues related to the company's pending bankruptcy settlement and restructuring, the company said Friday. The Aug. 6 hearing in Carson City before the state Gaming Control Board is not a suitability hearing for company owner and licensee Bill Yung III, who has been under investigation by gaming regulators since last summer.
Firms bending new laws to raise the number of lucrative jackpot slot machines they operate face a clampdown by the Gambling Commission. The regulator's actions come as the industry awaits a promised package of measures from the government to address the financial crisis facing the bingo industry and seaside amusement arcades - both of which were forced to remove thousands of jackpot machines last autumn.
Northern Kentucky hotelier William Yung III may be gambling on Gov. Steve Beshear and Covington to save his crumbling casino empire. Yung's Crestview Hills-based Columbia Sussex owns 83 hotels and about a dozen casinos in five states and the Cayman Islands. He wants to add another casino to the list, in Covington, where three weeks ago he purchased several parcels of prime real estate for USD 7 million.
The move this month by New Jersey regulators to deny a license to Columbia Sussex to operate the Tropicana casino in Atlantic City is both a stark reminder of the unique demands of the casino business and a cautionary tale for newer entrants. Perhaps more significantly, it's the latest example of how New Jersey's regulatory system differs markedly from Nevada's, which is closer to a free market system than any other gaming jurisdiction's and is generally reluctant to pull licenses from Nevada operators.
Harrah’s Entertainment announced that the National Indian Gaming Commission (NIGC) notified Harrah’s that it will allow the consummation of the proposed acquisition of Harrah’s by affiliates of Apollo Global Management, L.P. and TPG Capital to proceed while the NIGC finalizes its review. Harrah’s Entertainment Inc. has tentatively cleared the last remaining regulatory hurdle to the largest casino buyout ever.
Atlantic City - New Jersey gaming regulators have scheduled a hearing next month to consider a USD 17.1 billion buyout of Harrah's Entertainment Inc. by two private equity firms. Harrah's Entertainment, the world's largest gaming company, controls about 40 percent of the Atlantic City market through its ownership of the Harrah's, Bally's, Caesars and Showboat casinos. Pending regulatory approvals in states where Harrah's operates casinos, private equity firms Apollo Management and Texas Pacific Group will acquire the gaming giant in the casino industry's largest takeover ever.
The public will not be shown basic information about a review into the state's new multibillion-dollar lotteries and gaming licences because it is too "secret", Victoria's gambling watchdog has ruled. The gambling regulator said it would also be "contrary to the public interest" to release even edited documents related to the licences' reviews that are likely to determine the shape of gambling in the state for the next two decades.