Casino
news and poker down under heating up

Australian Gaming mogul, James
Packer, became a new father today with the birth
of his daughter, Indigo. Packer's ex, Jodhi Meares,
has found Scientology at the same time, following
her woes with Foxtel and 'Top Model'.
Media
Man Australia is seeing continued growth in the online
casino business (as opposed to the bricks and mortar)
casino business. x and xxx continue to impress.
Packer
ops out of a second casino deal, this time in the
Philippines, following his exit of Macau. Lawrence
Ho saw challenges early in the peace, and now Ho's
got family challenges as an ongoing distraction to
the running of his gaming empire. You can bet Packer's
looking for his Aussie Millions of Crown Casino in
Melbourne, Australia, to turn a dollar. Speaking of
Millions, Australian media and advertising tycoon,
John Singleton, is travelling along nicely with his
Magic Millions (horse racing).
Online
gaming mainstays, Lasseters, Bwin, 888.com and
GoldenPalace stay in the race, however many media
analysts and gaming insiders are of the opinion
that PKR.com and Virgin Games have more credibility
and usability, and in short are more trusted and
reliable than many in the gaming and online casino
business.
Gaming
convention, Australasian Gaming Expo, a 3-day
affair, kicks off Sydney Convention and Exhibition
Centre, Darling Harbour, Sydney, Australia on
the 24th August.
Donald
Trump, property developer kingpin, is looking
to offload some of his hotel and casino interests
abroad, and is locked in to speak in Australia
at the first time in Australia this November with
his Think Like A Billionaire Seminars to be held
in Melbourne, Sydney and the Gold Coast. Not Perth
however, which has more millionaires and billionaires
per capita than anywhere else in Australia and
by the way, James Packer just happens to have
Burswood Casino running at a profit in the wild
west. If only he can achieve this offshore, unless
he's tossed that aside, with his new found status
are Australia's 3rd richest individual (down one
place from a few months back).
Media
Man Australia recently attended the Climate Change
Summit and was inspired to get up a green eco friendly
casino... hang on a moment, Media Man Australia is
already green, having sold the V8 and with pro active
assistance to the likes of Universal Peace Centre
Retreat, Greenfest and Virgin Unite. Media Man is
in the final stages of establishing casino tour packages
with Travel Tourism Media and is still taking business
proposals from potential partners for the project.
A birdie told us they were checking out the World
Poker Tour as a potential partner, but their status
is not right for the Australian market. In anticipation
of the formal launch, Media Man has established Casino
News Media
( www.casinonewsmedia.com
) to oversee the growth of the business.
Richard
Branson, Virgin King, has done well to stay out
of the traditional casino business, however a
number of casinos are going very cheap at the
moment. Branson might do well to pick up a couple
and add to one of his latest ventures, Virgin
Hotel, which will complement his Virgin Vacations
business beautifully. His Virgin Games remains
impressive, and offshoot, Challenge Jackpot, recently
hit the screens in Europe to rave reviews. Pikum!,
who he also lent his name (and money via Virgin
Mobile) to is also on a wave of momentum.
Down
under in Australia there's whispers of TAB teaming
up with another gaming operator, and this likely
has something to do with attempting to adept to
the ever changing market, as more punters continue
to hit the internet to try their luck.
We
recently stumbled upon a board game (on the web)
entitled Media
Mogul, and we help to soon review it, as it
features Murdoch, Branson and Simon.
Thank
you to the folks are iGaming Business and CAP
Magazine, we enjoyed the read and did find strong
relevance to the online gaming sector
Media
Man Australia casinos of the month... you guessed
it, Virgin Casino and PKR Casino.
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2022
Casino,
Gaming and Sports Betting News
Most
torturous year of my life: Russell Crowe on
making Poker Face
A
tech billionaire hosts a high-stakes poker game between
friends, but the evening takes a turn when long-held
secrets are revealed, an elaborate revenge plot unfolds,
and thieves break in.

Russell
Crowe calls his time creating the movie Poker Face
one of the most torturous 12 months of my life.
The
Oscar-winning Hollywood star was called on to perform
the movie-making miracle a week after his father John
died, before the film had been cast and with a script
that had to be substantially reworked just five weeks
before shooting began.
Im
not sure what to tell you about this [movie]. [Its
about being] put forward in a position of when things
are imperfect, and an example of that kind of situation
couldnt be more personified by how this film
came to me, Crowe told a crowd at a screening
of the film in Sydney last week.
They
had this American fella [Gary Fleder] who was down
here, setting it up and preparing it and that sort
of stuff, and he had a family situation arise ...
and he left.
Now
about a week before that, my dad had actually died,
so I was in that kind of strange cycle ... and they
came to me and they said Look, heres a
thing. Do you want to take over this production? Its
not cast ... and youve got like five weeks before
you start.
Crowe
not only stars in the film, which premiers on streaming
service Stan on Tuesday night, he is also its director
and has a screenplay credit.
Filmed
in Australia last year, the movie is about tech billionaire
Jake Foley (Crowe) who hosts a high-stakes poker game
with childhood friends. It is a mix of thriller and
drama, with an overarching theme of a man examining
his legacy....
Gambling.com
acquires Casinos.com from Caesars
During
last week's Gambling.com
earnings call, the company announced that it has acquired
the Casinos.com
domain name from Caesars. Terms of the deal were not
shared on the earnings call.
From
Domain Investing:
Heres
what Charles Gillespie, CEO of Gambling.com, stated
about the acquisition of Casinos.com on the earnings
call:
To
continue to best position ourselves for the future
of iGaming around the world, we recently completed
the acquisition of a superstar marquee domain, which,
in our view, is the single most desirable and valuable
domain name for companies in our line of business,
Casinos.com.
The
addition of Casinos.com to our already best-in-class
domain portfolio enables us to build another powerhouse
global brand alongside Gambling.com using our existing
teams, technology and knowhow.
Heres
what Charles Gillespie, CEO of Gambling.com, stated
about the acquisition of Casinos.com on the earnings
call:
To
continue to best position ourselves for the future
of iGaming around the world, we recently completed
the acquisition of a superstar marquee domain, which,
in our view, is the single most desirable and valuable
domain name for companies in our line of business,
Casinos.com.
The
addition of Casinos.com to our already best-in-class
domain portfolio enables us to build another powerhouse
global brand alongside Gambling.com using our existing
teams, technology and knowhow.
Since
the deal closed in the Fourth Quarter of this year,
perhaps the acquisition cost of Casinos.com will be
reported in the companys next quarterly report.
In fact, in the companys quarterly report for
activity through September 30th, the company mentioned
the acquisition in the section covering events after
the reporting period. In November 2022, the
Company acquired the Casinos.com domain name,
the company shared.
It
does not appear that Caesars did much with the Casinos.com
domain name. Using Archive.org, I can see the domain
name was used to forward traffic to Caesars website.
Judging by the coming soon page, it looks like Gambling.com
has plans to build Casinos.com into a uniquely branded
casino-related platform.
*click
here for full article
(Domain
Investing)
Australia's
Star says regulator-named manager to run Sydney casino
- 17th October 2022

SYDNEY,
Oct 17 (Reuters) - Australia's Star Entertainment
Group (SGR.AX) said on Monday a regulator-appointed
manager would be stepping in to run its Sydney casino
after an investigation by an independent commission
found it had failed to prevent money laundering and
criminal activity.
The
firm was fined A$100 million ($62 million) by the
New South Wales Independent Casino Commission (NICC),
which also suspended its license to operate the casino
in Sydney, effective Oct. 21, Star said in a statement.
The
commission appointed Nicholas Weeks as the manager,
who will assume full control from Friday for the next
90 days to ensure the casino is compliant with all
relevant laws.
The
suspension period will be crucial for Star to prove
its merit to hold a casino license.
Weeks'
authority as a manager of Star's assets are limited
to the operational needs of the casino.
"The
period during which the manager has control will enable
the exploration between the NICC and the operator
and TSEG (The Star Entertainment Group) of the possibility
that the former operator may be capable of demonstrating
to the NICC it may become suitable to hold a casino
licence," the commission said in its notice to
Star.
Keeping
the casino operational is in public interest to protect
the thousands of jobs at risk, the notice said.
The
decision to slap Star with the maximum fine possible
comes on the first day on the job for Star's new Chief
Executive Robbie Cooke.
Star's
shares on the Australian bourse are on a trading halt.
Australia's
gambling industry has been in the spotlight in recent
years, with public inquiries lashing its biggest casino
operators due to lapses in money laundering protections
(This story has been corrected to say licence suspended
effective Oct. 21, not Oct. 2 in the second graph)
The
United States Igaming Revenue Report - August 2022
National
(igaming/results) - Deke Castleman, CDC Gaming Reports
- Total igaming revenue for August 2022 in the six
igaming states totaled $394.7 million, up 22.9% from
August 2021
New Jersey was $131.4 million, reflecting
growth of 16.1%...Michigan produced $130.9 million
in revenue, up 34.2% higher. Pennsylvania online gaming
revenue was, $107.2 million, 17.3% higher than August
2021
Connecticut operators, DraftKings and FanDuel
won $13.1 million and $8.8 million
West Virginia
igaming revenue was $10.8 million, more than double
the $4.5 million result from August 2022
Delawares
internet casinos essentially tied their record igaming
revenue of $1.3 million, a 30% leap over August 2021.
Nebraskas
first casino to open Saturday
Nebraska
(Lincoln) - Paul Hammel, Nebraska Examiner - Nebraskas
first casino is expected to open Saturday morning
in the Capital City, pending approval by the state
gaming commission. A temporary casino, located at
the Lincoln Racecourse Thoroughbred track, is scheduled
to open at 10:30 a.m. Saturday, with more than 400
slot machines ready to go. We have every expectation
that well get a license, said Lance Morgan,
president and CEO of Ho-Chunk Inc., the economic wing
of the Winnebago Tribe of Nebraska and operator of
WarHorse.
Prop
27 Campaign Switching Tactics in CA Sports Betting
Push
California
(sports) - Matthew Waters, Legal Sports Report - The
campaign behind Prop 27, the push for legal online
CA sports betting, is changing its tactics with just
six weeks to go. Yes on 27 pulled all of its TV ad
buys in major California markets this week, the San
Francisco Chronicle reported
the campaign is
only advertising on broadcast spots in the Los Angeles
market. A spokesperson from the campaign said the
standard TV ads from both sides are not benefiting
anyone. Instead, funding will be used for direct
mail and digital advertising.
Chinese
Ambassador warns crimes harmful to relations
Asia
(China/Philippines) - Inside Asian Gaming - Chinas
Ambassador to the Philippines, Huang Xilian, has warned
that the proliferation of crime linked to the countrys
Philippine Offshore Gaming Operators (POGO) industry
are harmful to relations between the two nations.
Philippine News Agency reports that Huang issued a
statement on Wednesday in which he reiterated that
China firmly opposes all forms of gambling and will
continue to take strong measures against it.
MGM
CFO talks acquisitions, divestitures, and strength
of Las Vegas
Nevada
(Las Vegas) - Buck Wargo, CDC Gaming Reports - Speaking
to the Deutsche Bank Leveraged Finance Conference
on Tuesday, MGM Resorts International CFO Jonathan
Halkyard touted the strength of the Las Vegas Strip,
especially convention business, and spoke glowingly
about the casino-giants property and company
transactions. Halkyard also discussed the second quarter
and closing on the sale of its REIT to VICI Properties
for $4.5 billion. He cited MGMs acquisition
of the Cosmopolitan of Las Vegas and paired that with
the $1 billion sale of the operation of the Mirage
to Hard Rock International. Together, these
two transactions have materially improved the portfolio
in Las Vegas, Halkyard said.
Nevada
esports-wagering expansion moving forward
Nevada
(esports) - Buck Wargo, CDC Gaming Reports - Nevadas
Esports Technical Advisory Committee asked the states
Attorney Generals office Wednesday to draw up
regulations that would permit widespread esports betting
on tournaments and championships starting in 2023.
The committee will meet on Oct. 24 to review and finalize
the regulations and forward the package to the Nevada
Gaming Control Board and eventually the Nevada Gaming
Commission.
Were
just getting started: Las Vegas gets its parade
Nevada
(Las Vegas) - Mike Grimala, The Sun - On Sunday, the
Las Vegas Aces delivered the city its first major
league sports championship. On Tuesday, the city delivered
for the Aces, as several thousand fans packed the
area around the Bellagio fountains for the teams
historic title celebration. The atmosphere was one
of triumph as the Aces rallied to commemorate the
franchises victory against the Connecticut Sun
in the WNBA Finals.
Famed
Israeli chef opening 2 restaurants in The Venetian
Nevada
(Las Vegas) - Johnathan L. Wright, Review-Journal
- Eyal Shani the celebrated chef with restaurants
in the U.S., Europe, Asia, Oceania and his native
Israel is bringing his take on Mediterranean
cooking to the Las Vegas Strip with the debut of two
restaurants at The Venetian. Miznon, serving fast-casual
Israeli street food, is planned to open in late 2022.
HaSalon, offering seasonal ingredients and a menu
with nightly changes, is scheduled to launch in 2023.
Both will be in the Palazzo Tower of The Venetian.
Regulators
consider $100K fine against William Hill
Nevada
(regulation) - Richard N. Velotta, Review-Journal
- The Nevada Gaming Commission on Thursday will consider
slapping the Caesars Entertainment Inc.-owned William
Hill sportsbook with a $100,000 fine, following a
four-count complaint filed in August by the Nevada
Gaming Control Board. The Control Board accused William
Hill of violating gaming regulations by failing to
promptly resolve a system failure that affected more
than 50,000 bettors since 2015.
Wynn
Resorts seeks dismissal of lawsuit from massage therapist
Nevada
(Las Vegas) - Richard N. Velotta, Review-Journal -
Attorneys for Wynn Resorts Ltd. are seeking the dismissal
of a lawsuit filed by a Wynn Resorts massage therapist
earlier this month, and a hearing has been scheduled
in October. Attorneys Robert Eglet, Tracy Eglet and
Danielle Miller filed a lawsuit on Sept. 1 in Clark
County District Court on behalf of Brenna Schrader,
who alleges the company continues to create a hostile
work environment and retaliate against her years after
then-CEO Steve Wynn forced her to act as an on-call
sexual servant.
Newest
casino is nearly set to open in Newburgh Mall
New
York (Newburgh) - Chris McKenna, Times Herald-Record
- Hundreds of black slot machines and table games
are in place and waiting to be fed cash, spread across
a couple acres of blue and orange carpeting where
the Bon Ton department store used to be. Within the
next three months, New York's newest casino is expected
to open its doors, a playground of electronic gambling
devices inside the Newburgh Mall that will operate
20 hours a day. Resorts World Hudson Valley will feature
1,200 machines in all, most of them slots, but also
82 unmanned imitations of typical casino offerings
like craps, roulette and blackjack.
Pennsylvania
GCB issues fines for underage gambling
Pennsylvania
(regulation) - Rege Behe, CDC Gaming Reports - The
Pennsylvania Gaming Control Board Wednesday approved
three consent agreements during a public meeting resulting
in $280,825 in fines for two gaming operators. Two
approved consent agreements, producing fines of $160,000
and $100,825, Mount Airy Casino Resort in Monroe County.
The third fine of $20,000 resulted from negotiations
between the OEC and Pilot Travel Centers and PJF Southeast,
operator of two Video Gaming Terminal establishments.
BetMGM
announces partnership deal with NBC Sports, replacing
PointsBet
National
(sports) - Rege Behe, CDC Gaming Reports - BetMGM,
and NBC Sports Wednesday announced a new partnership
for the 2022 NFL season highlighted by weekly integrations
on Football Night in America and content across other
NBC Sports platforms. BetMGM replaces PointsBet, which
had signed a similar integration deal with NBC last
year, but recently opted out. It is a tremendous
opportunity to partner with the talented team at NBC
Sports and have the ability to engage with football
fans nationwide, said BetMGM Chief Revenue Officer
Matt Prevost.
ESPN
Updating, Expanding, Prioritizing Sports Wagering
Content
National
(sports) - Chris Altruda, Sports Handle - ESPN may
still not know its sports wagering end game with regard
to whether it will have its own sportsbook or partner
with one, but the Disney-owned network and multimedia
platform is definitely making the commitment to content
as betting continues to expand across the United States.
ESPN recently announced an expansion of programming
that includes new shows across multiple platforms
and expanded roles for on-air talent. The moves, which
coincided with the start of the NFL season
the primary driver of sports betting in the U.S.
are designed to keep ESPN front and center in a rapidly
changing landscape where content is available at every
turn.
Cavaliers,
Bengals, Guardians, racinos and more approved for
sports betting
Ohio
(sports) - Donald Emmons, OH Bets - The Ohio Casino
Control Commission (OCCC) approved sports betting
licenses for 10 sports gaming proprietor and four
sports gaming supplier applicants during its Wednesday
morning meeting in Columbus. The Cleveland Cavaliers,
Cincinnati Bengals, Cleveland Guardians, Columbus
Blue Jackets, and the Football Club of Cincinnati
were among those approved for sports gaming proprietor
licenses. Also approved for the same type of license
were MGM Northfield Park, Eldorado Gaming at Scioto
Downs, Hollywood Casino Columbus, Hollywood Gaming
at Dayton Raceway, and Belterra Park in Cincinnati.
Tulalip
Casinos Celebrate Opening of New Retail Sportsbooks
Washington
(Indian gaming) - Indian Gaming Magazine - Tulalip
Resort Casino and Quil Ceda Creek Casino have celebrated
the opening of two retail sportsbooks. The events
featured Seattle Mariners great and Baseball Hall
of Fame member Randy Johnson at Tulalip Resort Casino,
and Seattle Seahawks legend and Pro Football Hall
of Fame inductee Steve Largent at Quil Ceda Creek
Casino. Like all of us at Tulalip Resort Casino
and Quil Ceda Creek Casino, the DraftKings team is
committed to excellence, and we intend to give local
sports fans an experience that cant be beat,
said Brandon Jones, Sportsbook Manager at Tulalip
Resort Casino.
Tulalip
To Host Hiring Fair for Over 100 Job Openings
Washington
(Indian gaming) - Indian Gaming Magazine - Tulalip
Resort Casino, Quil Ceda Creek Casino and Tulalip
Bingo & Slots will offer starting hourly wages
ranging between $16 and $31.64 at the Tulalip
Hiring Fair Thursday, Sept. 22, between 9am
and noon. There will be on-the-spot hiring for more
than 100 job openings, including scores of newly created
positions. Offer bonuses for select positions will
be offered ranging between $250 and $1,000, and application
assistance will be available starting at 9am. The
event will be held at the Tulalip Hiring and Training
Center.
Arizona
reports $41.6 million in contributions
Arizona
(Indian gaming) - KECY - The Arizona Department of
Gaming (ADG) reports of $41.6 million in tribal gaming
contributions. Furthermore, this amount represents
an increase of 2.1 percent when compared to first
quarter of Fiscal Year (FY) 2022. Arizonas
tribal gaming industry continues to impress, with
a quarterly contribution record of $41.6 million to
the Arizona Benefits Fund, said Ted Vogt, Director,
ADG.
Gila
River Branding Entitlement on Arizona Coyotes Home
Jerseys
Arizona
(Indian gaming) - Indian Gaming Magazine - The Arizona
Coyotes and Gila River Resorts & Casinos have
announced a multi-year partnership extension agreement
that provides Gila River with the branding entitlement
on the Arizona Coyotes official home jerseys. The
announcement marks the first time in NHL history that
a Native American-owned gaming enterprise will have
its logo on an NHL team jersey. The Gila River Resorts
& Casinos logo will be on the Coyotes black
Kachina jerseys for all home games played at Arizona
State Universitys Mullett Arena beginning in
October for the 2022-23 season. Additionally, Gila
River will be the season-long presenting sponsor and
participate in a variety of community activations
throughout the season.
Casinos,
retailers, other employers host job fairs in metro
Phoenix
Arizona
(Indian gaming) - Russ Wiles, Arizona Republic - Many
employers remain in a hiring mode, although a recession
might be looming. In fact, 85% of businesses say theyre
actively hiring, according to a national survey by
Challenger, Gray & Christmas. Thats up from
81% in the spring. Many Phoenix area employers are
turning to job fairs and special promotions to lure
applicants. Talking Stick Resort will host a job fair
Sept. 27 for hospitality positions there and at sister
property Casino Arizona
Some positions will pay
a $1,500 signing bonus. Benefits include a 401(k)
retirement-plan company match, education assistance
and medical, dental and life insurance. Paid time
off is available for full- and part-time employees.
Echo
Zulu Swings Back into Action in Dogwood
Kentucky
(racing) - Byron King, Blood-Horse News - Last year's
champion 2-year-old filly, Echo Zulu , scratched moments
before the start of the June 11 Acorn Stakes (G1)
at Belmont Park due to perceived unsoundness when
headed to the starting gate, regroups under the evening
lights at Churchill Downs in the $275,000 Dogwood
Stakes (G3) Sept. 24. After the L and N Racing and
Winchell Thoroughbreds-owned filly received a subsequent
clean bill of health
She walked for a few weeks
and didn't resume a workout schedule until mid-August
at Saratoga Racecourse for Steve Asmussen.
Rich
Strike Breezes at Churchill Ahead of Lukas Classic
Kentucky
(racing) - Corrie McCroskey, Blood-Horse News - Kentucky
Derby Presented by Woodford Reserve (G1) winner Rich
Strike worked at Churchill Downs Sept. 21 in preparation
for the Oct. 1 Lukas Classic (G2), according to trainer
Eric Reed. The son of Keen Ice breezed five furlongs
in 1:01.40 with regular exercise rider Gabriel Lagunes
aboard. He ranked ninth fastest out of 19 horses who
worked Wednesday. "He worked very relaxed, I
couldn't have been happier with the way he finished
up, that's what we wanted," Reed said.
12-Year-Old
Racehorse Retires as Winner in 100th Start
Kentucky
(racing) - Byron King, Blood-Horse News - On a day
when owners began plotting the careers of million-dollar
horses purchased at the start of the Keeneland September
Yearling Sale Sept. 12, the connections of a $3,000,
12-year-old claiming horse celebrated an auspicious
conclusion to his career in a lower-level race at
Arizona Downs .In his 100th race, a milestone start
his connections had targeted for the veteran campaigner
to wrap up his racing career, Joe Wheeler and Curt
Ferguson's Success Rate bowed out a winner, scoring
by 1 3/4 lengths in a six-furlong race with a $9,525
purse.
DAZN,
LiveScore and WSC debate betting and media
Europe
(SBC Summit) - Ted Orme-Claye, SBC News - The third
panel of day one on the SBC Leaders track at this
weeks Barcelona Summit dived into a topic that
has been on the minds of many over the past year
the convergence of media and betting. Appearing on
the discussion were three speakers with extensive
experience of this field DAZN CEO Shay Segev,
LiveScore Group CEO Sam Sadi and WSC Sports CEO and
Co-Founder Daniel Shichman
Returning to the
media-betting perspective, he added: Even if
youre in the media space, you cant be
satisfied with delivering sports and taking advertising
and subscription revenues.
ECA
Casino Industry Forum heads to Baden
Europe
(Austria) - Phil, G3 Newswire - The ECA Casino Industry
Forum takes place in the picturesque Austrian town
of Baden from September 27-30, 2022. It is the gathering
place for Europes leading casino operators to
discuss the challenges, opportunities, trends, and
developments in land-based and online casino gaming.
Casino Baden plays host to over 60 guests at this
years event, marking the return of the ECA Casino
Industry Forum after a two-year absence due to the
pandemic.
Government
continues crackdown on illegal gambling
Americas
(Columbia) - James, G3 Newswire - Coljuegos, reported
that it carried out 41 inspections in the department
of Córdoba and that it removed 544 gaming machines
that were operating illegally. Coljuegos added that
if the machines had been operating legally, then they
would have generated 8,182 million Colombian pesos
(about US$1.84 million) in operator fees plus VAT
of 3,157 million pesos (about US$ 712,000). At the
same time the board reported that the 30 municipalities
of Córdoba, between 2020 and so far this year
received about 50,089 million pesos, (US$11.3 million),
from the legal gaming sector, in fees and taxes.
Delaware
breaks igaming record again in August
Delaware
saw both revenue and handle rise in August. Igaming
revenue hit $1.3m (£1.14m/€1.3m), up 37.2%
from $945,512 at the same point last year. It was
also marginally higher than the previous record of
$1.25m that was set in July 2022. Players spent
$36.8m on igaming in August, up 69.6% year-on-year,
but down 6.6% from $39.4m during the July 2022 peak.
Retail sports betting generated $354,444 during August,
which was up 439.7% from $65,678 at the same
time last year, but 7.5% lower than the $383,249 recorded
in July this year. Bettors wagered $2.9m on sports
in August, which was down 40.8% from $4.9m at the
same time last year and up by 7.4% on $2.7m in July.
(HGS)
Truist
Securities praise southern California tribal casinos
The
analysts at Truist Securities have pointed to the
amazing depth and size of the southern
California tribal casino market. After visiting six
casinos between Los Angeles and San Diego, the Truist
team said the properties had fresher, more diverse
slot floors compared with comparable regional market
properties, and that the tribes tend to refresh 10-25%
of the slot floor annually (versus 5-10% for commercial
casinos). With regard to sports betting, financial
expectations were modest, but the key
issue was about tribal sovereignty and the fact that
Prop 26 would give the tribes full control of further
regulations such as online casino. (JP)
Ballys
applies to offer mobile sports wagering in Illinois
Ballys
has applied for a Management Services Provider license
from the Illinois Gaming Board. Ballys plans
to operate as Bally Bet, but it is unclear whether
it would do so as part of its casino in Chicago or
its Rock Island casino near the Iowa border. The application
follows BetMGMs entry to the state in March.
Barstool Sports also received its license in March.
Bally Bet launched mobile betting in Iowa in
July 2021, clocking up $4.3m, of which $2.3m was recorded
in the first eight months of this year. FanDuel and DraftKings account
for roughly 65% of Illinois $496.1m mobile handle,
according to data from July. The state launched mobile
betting in June 2020. (HGS)
Disney
CEO continues to create confusion about ESPNs
sports betting plans
Having
told a conference that it was working hard
on a sports betting app, Disney CEO Bob Chapek had
to row back on his comments when he then told CNBC
that ESPN was never going to be a book
and was instead seeking a sports betting partner because
ESPN was able to provide frictionless sports
betting to fans. Chapeks comments echoed
those of ESPN president Jimmy Pitaro, who told The
Athletic in June that the company can be doing
more. We need to be serving the sports fan with what
theyre expecting, and taking the friction out
of the process. (JP)
Nevada
esports-wagering expansion moving forward
Nevadas
Esports Technical Advisory Committee asked the states
Attorney Generals office Wednesday to draw up
regulations that would permit widespread esports betting
on tournaments and championships starting in 2023.
The committee will meet on Oct. 24 to review and finalize
the regulations and forward the package to the Nevada
Gaming Control Board and eventually the Nevada Gaming
Commission.
Pennsylvania
Gaming Control Board issues fines for underage gambling,
licensing issues
The
Pennsylvania Gaming Control Board Wednesday approved
three consent agreements during a public meeting resulting
in $280,825 in fines for two gaming operators. Two
approved consent agreements, producing fines of $160,000
and $100,825, stemmed from negotiations between the
Office of Enforcement Counsel and Mount Airy Casino
Resort in Monroe County.
Cavaliers,
Bengals, Guardians, racinos and more approved for
Ohio sports betting licenses
The
Ohio Casino Control Commission (OCCC) approved sports
betting licenses for 10 sports gaming proprietor and
four sports gaming supplier applicants during its
Wednesday morning meeting in Columbus. The Cleveland
Cavaliers, Cincinnati Bengals, Cleveland Guardians,
Columbus Blue Jackets, and the Football Club of Cincinnati
were among those approved for sports gaming proprietor
licenses.
Nebraskas
first casino to open Saturday, pending OK of license;
state launches self-exclusion program
Nebraskas
first casino is expected to open Saturday morning
in the Capital City, pending approval by the state
gaming commission. A temporary casino, located at
the Lincoln Race Course Thoroughbred track, is scheduled
to open at 10:30 a.m. Saturday, with more than 400
slot machines ready to go... In preparation for the
opening, problem gamblers are being urged to file
a voluntary self-exclusion form to bar
their admission to the casino and the temptation to
gamble.
Bragg
Gaming, Ballys Interactive, enter igaming content
development partnership
Bragg
Gaming Group Wednesday announced that it has entered
an igaming content development partnership with Ballys
Interactive, the digital arm of Ballys Corporation.
Per the agreement, Ballys Interactive online
brands including Virgin Casino, JackpotJoy and Vera&John,
will launch content from Braggs proprietary
slots studios, including Atomic Slot Lab and Indigo
Magic.
Great
Canadian Gaming: Next year looks great
Fitch
Ratings recent B+ rating on Great Canadian Gaming
Corp.s long-term debt reflected optimism in
the company, which is owned by Apollo Management.
Senior secured debt got a B+, unsecured debt a B-.
According to Fitch, the ratings reflect healthy generation
of discretionary free cash flow and a recovering Canadian
casino economy.
California:
YouTube slots influencer Brian Christopher hosts first
group slot pull on his PopN Pays More game
Live
online slots player and YouTube star Brian Christopher
visited Jamul Casino in the San Diego area over the
weekend to launch three of his own branded slot machines.
The new PopN Pays More slot machines were installed
on Sept. 14 with many guests rushing to play them
immediately.
Washington:
Tulalip Resort, Quil Ceda Creek casinos open DraftKings
Sportsbooks
Tulalip
Resort Casino and Quil Ceda Creek Casino each opened
a DraftKings Sportsbook [Tuesday] with celebratory
appearances by two Seattle sports legends.
France:
FDJ enters exclusive negotiations to acquire
horse betting operator ZEturf
La
Française des Jeux (FDJ) is apparently seeking
an expansion of its standing in the French betting
space, targeting an acquisition of ZEturf Group...a
horse racing betting operator as well as the company
behind the ZEbet brand.
Relax
Gaming debuts in Colombian igaming market via MegApuestas
deal
Relax
Gaming has marked its entry into the Colombian igaming
market through a deal with operator MegApuestas, which
sees the supplier make its tier one games available
to Colombian players.
Media
Man Casino, Gaming, Sports and Pop Culture...
Las Vegas, Canada, UK, Australia
and beyond
The
Media Man Group including Media
Man Int, Media
Man Australia, Casino
News Media, Global
Gaming Directory, Hottest
On TV, Wrestling
News Media, Bitcoin
News Media and Cafe
News Media have searched the world once again
and deliver some of the freshest, most up-to-date
casino, gaming, sports and pop culture news and intel
to be found anywhere.
Nevada Gaming Control Board preparing for disciplinary
hearing against Steve Wynn
The
Nevada Gaming Control Board on Tuesday confirmed that
it is preparing for a disciplinary hearing before
the Nevada Gaming Commission against former Wynn Resorts
Ltd. CEO Steve Wynn on sexual harassment charges.
Wynn, now a Florida resident, has said that because
he is no longer licensed by state gaming regulators
and has divested all financial connections with the
company that he believes he is no longer subject to
its discipline.
The
plan for a downtown Chicago casino now has a surprising
ally: river lovers
Chicagos
push for a casino has stirred fervent debate focused
mostly on the predictable: whether the right site
was chosen, how much tax revenue it will generate
and whether it will worsen noise, traffic or problem
gambling. But river advocates and ecological preservationists
see the complex in a different light. To them, the
Ballys plan to replace the Tribune printing
plant in River West can be a meaningful next step
in the ongoing makeover of the citys riverfront
if done right.
Ontario: More staff back, but border issues continue
to be a challenge for Caesars Windsor
While
the bulk of the staff at Caesars Windsor have returned
to work, officials say there's still more work to
do as they prepare for the fall. Back in March, unionized
workers at Caesars voted 93 per cent in favour of
a new three-year collective agreement, covering the
roughly 1,800 workers at the casino. With restrictions
related to COVID-19 mostly lifted, one of the remaining
issues involves the border and being able to get more
visitors from the US back.
Michigan Gaming Control Board highlights need for
gaming education
The
Michigan Gaming Control Board is trying to do its
part to help raise awareness on responsible gaming
among the states youth in tandem with the American
Gaming Associations Responsible Gaming
Education Month. According to a press release
from the MGCB, and citing statistics from the National
Council on Problem Gambling, between 60% and 80% of
high school students say theyve gambled for
money in the past year, and some 4% to 6% of them
are considered gambling addicts.
Mixed ruling filed in Apple, Google, Meta social casino
case
The
Northern District of California issued an opinion
partly siding with social casino users late last week,
determining that the defendants, Apple, Google, and
Meta Platforms defeated only two of three theories
of liability on Section 230 of the Communications
Decency Act grounds.
Caesars Atlantic City debuting the first east-coast
location of Gordon Ramsays Hells Kitchen
Whats
opening next? This question applies to all three of
Caesars Entertainments Atlantic City casinos.
There are so many projects on the to-do list that
something new is debuting every month.
Survey suggests many in Ontario cool to sports wagering
Over
three months after the full launch of Ontarios
sports-betting industry, a survey conducted by Canada
Sports Betting suggests a majority of people in the
province havent taken to wagering on athletic
events. Canada Sports Betting surveyed 1,222 people
between July 19-20 regarding their views on the regulated
sports-betting market.
North Carolina: Catawba Nation opens sportsbook inside
temporary Two Kings casino
Another
sports-gambling venue opened on Tuesday in North Carolina,
this time at the temporary casino opened by the Catawba
Nation last year along Interstate 85 near the South
Carolina border.
Caesars opens two retail sportsbooks in Louisiana
on the eve of football season
Caesars
Sportsbook made a big splash less than a week before
the NFL season begins, opening two new retail locations
for sports betting in Louisiana.
Hard
Rock Sportsbook launches in Indiana, Tennessee
Hard
Rock Sportsbook is officially live in Indiana and
Tennessee, just days ahead of the start of the 2022
NFL season. The mobile sportsbook is now operational
in Arizona, Indiana, Iowa, New Jersey, Tennessee,
and Virginia.
Liz Trusss UK premiership raises hopes of countering
affordability checks, lawmaker says
Liz
Truss's appointment as prime minister has been hailed
as a major positive for racing by fellow Conservative
MP Laurence Robertson, who hopes she will oppose the
controversial affordability checks, which are set
to feature in the upcoming gambling white paper and
would cost the sport millions. Robertson, whose Tewkesbury
constituency includes Cheltenham racecourse, has long
campaigned against strict betting restrictions.
Camelot
drops legal challenge over UK National Lottery licence
transfer to Allwyn
Outgoing
National Lottery operator Camelot has dropped a legal
challenge which was preventing the handover of the
lottery licence to rival Allwyn. Allwyn has ended
its counter-claim against Camelot for damages due
to delaying the £6.4bn contract.
Player
protection and responsible gambling at the core of
the agenda for SBC Summit Barcelona
Hundreds
of player safety professionals will gather at SBC
Summit Barcelona September 20-22 to share their gambling
harm prevention strategies and help improve the industry's
understanding of the subject of responsible gambling.
The
Media Man Group including Media Man Int, Media Man
Australia, Casino News Media, Global Gaming Directory,
Hottest On TV, Wrestling News Media, Bitcoin News
Media and Cafe News Media have searched the world
once again and deliver some of the freshest, most
up-to-date casino, gaming, sports and pop culture
news and intel to be found anywhere.
Nevada Gaming Control Board preparing for disciplinary
hearing against Steve Wynn
The
Nevada Gaming Control Board on Tuesday confirmed that
it is preparing for a disciplinary hearing before
the Nevada Gaming Commission against former Wynn Resorts
Ltd. CEO Steve Wynn on sexual harassment charges.
Wynn, now a Florida resident, has said that because
he is no longer licensed by state gaming regulators
and has divested all financial connections with the
company that he believes he is no longer subject to
its discipline.
The
plan for a downtown Chicago casino now has a surprising
ally: river lovers
Chicagos
push for a casino has stirred fervent debate focused
mostly on the predictable: whether the right site
was chosen, how much tax revenue it will generate
and whether it will worsen noise, traffic or problem
gambling. But river advocates and ecological preservationists
see the complex in a different light. To them, the
Ballys plan to replace the Tribune printing
plant in River West can be a meaningful next step
in the ongoing makeover of the citys riverfront
if done right.
Ontario: More staff back, but border issues continue
to be a challenge for Caesars Windsor
While
the bulk of the staff at Caesars Windsor have returned
to work, officials say there's still more work to
do as they prepare for the fall. Back in March, unionized
workers at Caesars voted 93 per cent in favour of
a new three-year collective agreement, covering the
roughly 1,800 workers at the casino. With restrictions
related to COVID-19 mostly lifted, one of the remaining
issues involves the border and being able to get more
visitors from the US back.
Michigan Gaming Control Board highlights need for
gaming education
The
Michigan Gaming Control Board is trying to do its
part to help raise awareness on responsible gaming
among the states youth in tandem with the American
Gaming Associations Responsible Gaming
Education Month. According to a press release
from the MGCB, and citing statistics from the National
Council on Problem Gambling, between 60% and 80% of
high school students say theyve gambled for
money in the past year, and some 4% to 6% of them
are considered gambling addicts.
Mixed ruling filed in Apple, Google, Meta social casino
case
The
Northern District of California issued an opinion
partly siding with social casino users late last week,
determining that the defendants, Apple, Google, and
Meta Platforms defeated only two of three theories
of liability on Section 230 of the Communications
Decency Act grounds.
Caesars Atlantic City debuting the first east-coast
location of Gordon Ramsays Hells Kitchen
Whats
opening next? This question applies to all three of
Caesars Entertainments Atlantic City casinos.
There are so many projects on the to-do list that
something new is debuting every month.
Survey suggests many in Ontario cool to sports wagering
Over
three months after the full launch of Ontarios
sports-betting industry, a survey conducted by Canada
Sports Betting suggests a majority of people in the
province havent taken to wagering on athletic
events. Canada Sports Betting surveyed 1,222 people
between July 19-20 regarding their views on the regulated
sports-betting market.
North Carolina: Catawba Nation opens sportsbook inside
temporary Two Kings casino
Another
sports-gambling venue opened on Tuesday in North Carolina,
this time at the temporary casino opened by the Catawba
Nation last year along Interstate 85 near the South
Carolina border.
Caesars opens two retail sportsbooks in Louisiana
on the eve of football season
Caesars
Sportsbook made a big splash less than a week before
the NFL season begins, opening two new retail locations
for sports betting in Louisiana.
Hard
Rock Sportsbook launches in Indiana, Tennessee
Hard
Rock Sportsbook is officially live in Indiana and
Tennessee, just days ahead of the start of the 2022
NFL season. The mobile sportsbook is now operational
in Arizona, Indiana, Iowa, New Jersey, Tennessee,
and Virginia.
Liz Trusss UK premiership raises hopes of countering
affordability checks, lawmaker says
Liz
Truss's appointment as prime minister has been hailed
as a major positive for racing by fellow Conservative
MP Laurence Robertson, who hopes she will oppose the
controversial affordability checks, which are set
to feature in the upcoming gambling white paper and
would cost the sport millions. Robertson, whose Tewkesbury
constituency includes Cheltenham racecourse, has long
campaigned against strict betting restrictions.
Camelot
drops legal challenge over UK National Lottery licence
transfer to Allwyn
Outgoing
National Lottery operator Camelot has dropped a legal
challenge which was preventing the handover of the
lottery licence to rival Allwyn. Allwyn has ended
its counter-claim against Camelot for damages due
to delaying the £6.4bn contract.
Player
protection and responsible gambling at the core of
the agenda for SBC Summit Barcelona
Hundreds
of player safety professionals will gather at SBC
Summit Barcelona September 20-22 to share their gambling
harm prevention strategies and help improve the industry's
understanding of the subject of responsible gambling.
Media
Man, Casino News Media and Greg Tingle Promotions
news: New Las Vegas resident Mark Wahlberg promises
Hollywood 2.0
New
Las Vegas resident Mark Wahlberg promises Hollywood
2.0
Nevada
(Las Vegas) - John Katsilometes, Review-Journal -
Mark Wahlberg is not moving to Las Vegas. He already
has. We need to shift to the present-tense when referring
to Vegas plans for the Hollywood A-lister, who has
purchased a two-story estate in The Summit Club for
$14.5 million. My hometown, is how Wahlberg
referred to Las Vegas in the latest episode of BeondTVs
Lights, Camera, Vegas, hosted by Rachel
Smith. I live in Nevada. I plan on making, hopefully,
a film studio, and we want to build a shoe factory
in Nevada. We want to create a lot of jobs,
and a lot of excitement. Hollywood 2.0.
Summer tourism profitable despite nagging inflation
New
Jersey (Atlantic City) - Eric Conklin, The Press -
Between Atlantic and Cape May counties, tourism officials
say the summer season may not have been as hindered
by inflation as was feared months ago. I think
the summer was strong, said Michael Chait, president
of the Greater Atlantic City Chamber of Commerce.
Cape May County tourism director Diane Wieland said,
This year, as we went into it, we kind of predicted
that things were not going to be as great, but it
was still going to be good, Wieland said. Wieland
said beach badge sales and occupancy tax collections
two revenue streams the county uses to gauge
its tourism economy were slightly down from
a year ago 2021 but remain strong.
Turning Stone plans biggest expansion since it opened
New
York (Indian gaming) - Don Cazentre, Post Standard
- Turning Stone Resort Casino is about to embark on
its largest expansion project since opening in 1993.
The project, which will be completed over a period
of several years, will nearly double the Oneida Indian
Nation-owned resorts convention and conference
space, while also adding a new hotel, dining options
and other amenities.
Suppliers relocate resources to other Asian gaming
markets
Asia
(Macau) - Tony Lai, Macau Business - Suppliers of
casino gaming equipment with operations in Macau are
relocating manpower and resources to other gaming
jurisdictions in Asia like the Philippines and Singapore,
Bloomberg reported. The financial news agency quoted
Jay Chun, chairman of the Macau Gaming Equipment Manufacturers
Association, saying at least four multinational casino
suppliers in Macau were doing so. Data from Bloomberg
Intelligence said the gaming revenue of Macau only
recovered to about 18 per cent of the 2019 level
the
Philippines and Singapore recuperated back to 79 per
cent and 68 per cent of the pre-pandemic levels respectively
in the six months ended June 2022.
Circa still faces $4.5M overlay in football contests
Nevada
(Las Vegas) - Todd Dewey, Review-Journal - Five days
before Saturdays entry deadline, Circa Sports
is a long shot to meet its $6 million in guaranteed
prize money for its $1,000-entry Circa Million IV
contest. The downtown sportsbook needs 6,000 entries
to meet its guarantee, up from $4 million last year.
I have a better chance of making the NBA than
we do of reaching the guarantee in the Circa Sports
Million, said 5-foot-8, 130-pound Circa sportsbook
operations manager Jeff Benson.
Flanker
at Mandalay Bay could be Las Vegas next big
sports bar
Nevada
(Las Vegas) - Brock Radke, The Weekly - RM Seafood
at Mandalay Bay was a paragon of Strip dining for
nearly 15 years
seemed like an impossible act
to follow after closing in late 2018
As
the sports scene in Las Vegas has evolved with professional
teams coming to town, sports bar and grill concepts
have also evolved, Christie said in a statement.
Flanker Kitchen and Sports Bar will strive to
become the next generation leader by delivering an
approachable premium dining, drinking and sports-viewing
experience.
If youre a gaming company, wouldnt
you want to be in Nevada?
Nevada
(Reno/Sparks) - Howard Stutz, The Independent - Century
Casinos pending $195 million acquisition of
the Nugget Casino Resort in Sparks will rewrite the
companys corporate profile. The regional casino
operator, which began in Europe, doesnt have
what gaming observers consider a flagship resort
Northern
Nevada provides Century an opportunity to prove its
operational expertise in a destination market. The
Nugget has 1,382 hotel rooms, more than triple the
combined hotel rooms Century has in its U.S. portfolio.
Changes make Colorado an enticing casino market
Colorado
(Black Hawk/Cripple Creek) - Howard Stutz, The Nevada
Independent - Nevadas major gaming companies
avoided Colorado for nearly two decades after casinos
were legalized in the historic mining towns of Black
Hawk, Central City and Cripple Creek. Initially, bets
in the state were limited to $5 and casinos were not
open 24/7
There was zero interest by Las Vegas
or Reno casino operators to enter Colorado. Expansion
from tiny storefront casinos to mid-sized resorts
has been taking place over the last few years. In
Black Hawk, three properties account for more than
1,300 hotel rooms, roughly 85 percent of the total
market. In Cripple Creek, a 300-room hotel-casino
that is being built by Las Vegas-based Full House
Resorts will double the market size when it opens
next year. Las Vegas and Reno gaming companies committed
millions of dollars to change the perception of the
Colorado casino communities.
Muckleshoot
Tribe lifts final iron beam onto future hotel tower
Washington
(Indian gaming) - Robert Whale, The Reporter - To
the beating of drums, dancing and the chanting of
sacred songs, the Muckleshoot Tribe gathered to celebrate
the topping-off ceremonies for its 18-story, 400-room,
luxury hotel tower on Aug. 26. Then, to a loud cheer,
construction workers hoisted the final steel beam
for the Muckleshoot Casinos highly anticipated
resort tower into place, and as it slid into place,
the tribe celebrated the feat with fireworks. The
event heralds the first major addition to the casino
since the gaming establishment opened 27 years ago
at 2402 Auburn Way S.
Foxwoods new $85 million casino project will
create vibrant hub, CEO says
Connecticut
(Indian gaming) - New London Day - Foxwoods Resort
Casinos plan to add a sixth gaming space is
as much about rearranging the layout at North Americas
biggest casino as it is expanding, Foxwoods
top executive said Thursday. "The thought is
to create a vibrant hub of activity in the heart of
the property, Jason Guyot, president and chief
executive officer, said in a phone interview. "Were
spread out so far, from the Rainmaker Casino on one
side to The Fox Tower on the other side, its
difficult for guests to manage. Theres no better
place to put it (a new gaming space) than Grand Pequot,
the busiest section of the property - the heartbeat
of the property. Guyot said the new gaming space,
which will replace the Grand Ballroom, will have around
500 slots, including 175 high-limit machines, and
24 table games, including the usual mix of blackjack,
roulette, craps and the like, as well as a 40-seat
bar.
Crowns
Sydney casino to open next month
The
Crown gaming empires flagship skyscraper on
Sydney Harbour will open its luxury casino in two
weeks.
The
doors to Australias only VIP casino will begin
opening to members and guests from 08.08.2022,
Crown said in a statement on Monday.
Crown
had been prevented from opening the casino in its
$2.2 billion dining and hotel tower in Barangaroo
for more than a year.
The
opening was delayed and then blocked after an inquiry
led by former Supreme Court judge Patricia Bergin
found Crown was not fit to operate a casino.
Last
month the troubled gambling behemoth was given approval
by the NSW Independent Liquor & Gaming Authority
for the members-only gaming facilities inside the
upscale Barangaroo complex to finally open on a conditional
basis.
The
conditional period, which will run for 18 to 24 months,
will allow the authority to monitor changes made at
Crown Sydney and ensure they are embedded
in the business.
The
opening of our gaming operations at Crown Sydney is
a defining moment for Crown, and the culmination of
months of hard work from our dedicated team,
Crown Sydney CEO Simon McGrath said.
The
entire team at Crown Sydney has been preparing for
this moment for a long time and we felt the symbolism
of the 08.08 date represented ideal timing to open
our doors.
The
number eight is believed to be the luckiest number
in China because eight is associated with wealth.
LGA
chair Philip Crawford said last month the Bergin inquiry
highlighted the scale and scope of issues to be remedied
by Crown, with potentially billions of dollars having
been laundered through its casinos.
With
a complete clean-out of the board and senior executive,
Crown has made significant progress and has agreed
to ongoing work to regain its casino licence,
he said in a statement.
Crown
says its gaming operations are set over two
luxurious VIP gaming floors Crystal Room and
Mahogany Room with 12 additional exclusive
private Sky Salons located on levels 28 and 29.
The
facilities accommodate approximately 160 gaming tables
and 70 electronic table games.
The
Crystal Room gaming floor will open on day one, with
Mahogany Room set to open at a later date.
We
are committed to delivering a safe and responsible
gaming environment for all, and Crown Sydneys
restricted gaming facility has been designed with
the highest levels of governance and compliance,
Mr McGrath said.
All
patrons are required to be a member or guest of a
member and undergo comprehensive checks.
The
gaming floors at Crown Sydney set a new standard in
luxury and elegance, Mr McGrath said.
The
once-listed Crown is being taken private by US investment
firm Blackstone after a successful $8.9 billion takeover
was ticked off last month.
Star
posts FY loss after Sydney casino hit
Casino operator Star Entertainment Group has swung
to an annual loss, weighed down by extended COVID-related
closures and a hefty writedown at its flagship Sydney
casino amid regulatory troubles.
Australia's
second-biggest casino operator on Monday posted a
full year loss of $198.6 million for the year to June
30, compared to a $57.9 million profit a year earlier.
The
company said it took a financial hit after its three
properties on the east coast were collectively closed
for 125 days in the first half of the year due to
pandemic restrictions.
It
also slashed the value of goodwill for its main Star
Sydney property by $162.5 million "due to regulatory
and other uncertainties".
Star
said normalised net loss, excluding the significant
items, was $32 million. Revenue for the year to June
30 dipped 1.2 per cent to $1.53 billion.
"Clearly,
in the regulatory environment we're working our way
through it was appropriate to consider a higher level
of risk and so we effected that through the weighted
average cost of capital. The consequence of that was
an impairment on the Sydney property," interim
Chairman Ben Heap told AAP.
By
1415 AEST, shares in the company were down 1.7 per
cent to $2.86, adding to the nearly 20 per cent drop
in value so far in 2022.
Star's
fortunes have sagged in recent months amid regulatory
scrutiny after hearings at an NSW inquiry unearthed
allegations about money laundering, fraud and links
to organised crime at its Sydney casino.
The
company is now awaiting the outcome of that review
into its suitability to hold a NSW casino licence
by the end of this month.
It
faces a separate investigation from the financial
crimes regulator, as well as an inquiry on its suitability
to hold a casino licence in Queensland, which is set
to hear from witnesses from Tuesday.
Star
is also facing competition from bigger rival Crown,
which opened the doors of its Sydney casino earlier
this month following the long-delayed green light
from the NSW watchdog, after recently emerging from
its own regulatory troubles.
Star,
currently the dominant casino operator in Sydney,
says it's too early to form a view on the impact of
Crown, but added that "it recognises that it
will be operating in a competitive marketplace".
While
domestic gaming demand has picked up, international
business is still down significantly as Australian
casinos steer clear of junket operators, which previously
contributed significant numbers.
They
have also been affected by the slow recovery of the
international tourism market, which is likely to rebound
to pre-COVID levels only over the next couple of years.
Still,
the group says it's seeing the positive revenue trends
from the fourth quarter of FY22 continuing into the
current financial year.
Domestic
revenue for the period from July 1 to August 18 rose
9 per cent on the comparative pre-COVID period of
2019, largely thanks to a 26 per cent recovery in
the Gold Coast's domestic revenue.
Domestic
revenue at the Star Sydney was in line with pre-COVID
levels.
"That
sort of run rate is very encouraging. It indicates
our growth sits above pre-COVID numbers, and given
all the factors that we're facing at the moment, the
underlying performance of the business has been terrific,"
Mr Heap said.
Star
will not pay any final dividend, meaning it has not
paid any dividend for the FY22 year.
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ICC
to investigate bookie approach to Aussie cricket player
Virgin
Games business model proves recession resistant, but
not recession proof
Gambling911.com
continuing to make, break worldwide sports betting
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Australian
gamblers prefer strong brands - PartyCasino, PKR,
Virgin, Centrebet, Betfair
NextGen
gaming teasing Andre The Giant online slot game in
igaming business magazines
Marvel
Entertainment themed slots remain amongst most popular,
THOR, IRON MAN II boost
Native
American Indian tribes infighting re California gambling
and igaming laws
Cleopatra
slot still world's most popular online slot game:
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Mobile
Gaming, Mobile Casinos to take of in Asia Pacific
market, European firms push
Play4Property.com
prepares for Asia Pacific campaign, Foxtel promos,
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Classic
Casino Games website portal a hit with classic casino
game fans, of course
Crown
Casino - pathological gamble closing arguments on
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Clubs
to take more action to prevent kids exposure to gambling
World
Casino Directory website portal development a preferred
directory by gamblers
Microgaming
Grand Slam Of Slots Tournaments popular with new and
experienced players
Sparta
new slot game available at Casino Las Vegas
Wild
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The
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Cashino
online slot a hit at Sky Vegas
Azteca
online slot at Casino Tropez and Titan Casino popular,
part of new campaign
Ladylucks
mobile game to hit Australia
CasinoClub.com
launches two new games: Roman Empire and Keno Cash
Hollywood
blockbuster slot themes trend remains popular
Stanley
Ho, gaming tycoon said to be recovering well from
hospital
Harrah's
Entertainment remains optimistic on new gaming and
igaming laws for U.S
Media
Man Australia website portal approaching 1 million
hits for the month
World
Series of Poker inks ESPN 7 year deal
Gamer
movie set for release
Poker
King movie to boost online poker in Asia Pacific
PKR.com
sponsors Poker In The Park
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