NEVADA TO TIGHTEN REGULATION OF AFFILIATE MARKETERS

23rd January, 2015 at 02:12:45
Bill SB40 to be debated this year.

Affiliate marketers in the Nevada online poker market could be faced with a decision on whether it is really worth continuing to serve local operators if amendments to the state's gambling legislation go through this year.

Full Story: Nevada To Tighten Regulation Of Affiliate Marketers »

MORE DELAYS IN ATLANTIC CITY CASINO BANKRUPTCY CASE

21st January, 2015 at 02:55:58
Unsecured creditors committee complaint over denial of access to relevant documents.

Carl Icahn's offer to save two Trump Entertainment Resorts land casinos in Atlantic City from bankruptcy has suffered yet another delay whilst an unsecured creditors' committee is given an opportunity to study documents relating to his proposal.

Full Story: More Delays In Atlantic City Casino Bankruptcy Case »

COURT AWARDS $2M IN LVS TRADEMARK INFRINGEMENT

20th January, 2015 at 14:33:29
If Las Vegas Sands can identify who is behind the domains

In a trademark infringement case dating back to June 2014, a U.S. District Court in Nevada awarded Las Vegas Sands (LVS) $ 2 Million from 35 domains taking advantage of the Las Vegas Sands trademark.

Full Story: Court Awards $2m In Lvs Trademark Infringement »

NEW PHUA APPLICATION TO THE LAS VEGAS COURTS (Update)

08th January, 2015 at 00:41:31
Whilst we await judicial decisions, at least let us play some poker, says Asian ace.

Asian poker ace Paul Phua and his son Darren, currently on bail in Las Vegas awaiting court decisions on the legality of FBI actions during an illegal sports betting bust in the gambling mecca (see previous reports) has asked for a court ban on his personal playing to be lifted.

Full Story: New Phua Application To The Las Vegas Courts (update) »

NO TRIAD TIES TO PAUL PHUA (Update)

04th January, 2015 at 23:58:57
Letter from Malaysian minister for Home Affairs a blow for the prosecution in Las Vegas sports betting case.

Paul "Wei Seng" Phua, a high profile poker player and the major defendant in a prosecution for illegal sportsbetting from a Las Vegas casino resort villa during the FIFA World Cup football last year (see previous reports) is not associated with the Chinese criminal triads, a Malaysian minister has certified.

Full Story: No Triad Ties To Paul Phua (update) »

PROPOSAL TO TAX NEW JERSEY ONLINE OPERATIONS TO HELP ATLANTIC CITY

31st December, 2014 at 13:09:35
An idea that is hardly likely to be well-received by battling online gambling operators.

The continuing parlous state of New Jersey's gambling enclave Atlantic City has prompted Steve Sweeney, the president of the New Jersey Senate, to make a controversial proposal in an op-ed article in the publication Philly.com.

Full Story: Proposal To Tax New Jersey Online Operations To Help Atlantic City »

MGT PARTNERS VIVID IN FANTASY SPORTS DEAL

31st December, 2014 at 03:35:08
Fantasy sports meets adult entertainment

MGT Capital Investments and adult entertainment company Vivid Entertainment LLC have partnered in an exclusive deal that will see the development and marketing of a new online fantasy sports offer at Vivid Bet Sports.com

Full Story: Mgt Partners Vivid In Fantasy Sports Deal »

MALAYSIAN GOVERNMENT STANDS FOR PHUA

30th December, 2014 at 14:28:47
Says Phua helps the Government in matters of national Security

According to the South China Morning Post (SCMP), Malaysian Minister of Home Affairs Ahmad Zahid Hamidi has informed U.S. authorities that Paul Phua Wei-seng, indicted for operating an illegal sports betting operation from a Las Vegas villa (see InfoPowa reports), is not a member of Hong Kong's 14K triad as suspected but in fact assists the Malaysian Government in areas of national security.

Full Story: Malaysian Government Stands For Phua »

CAESARS ENTERTAINMENT TO MERGE WITH CAESARS ACQUISTION CO

23rd December, 2014 at 14:16:57
Debt restructuring and the formation of a REIT

Caesars Entertainment Corporation (CEC) will merge with Caesars Acquisition Company (CAQC), established in 2013, in an all-stock merger deal that will enable subsidiary Caesars Entertainment Operating Company (CEOC) to ultimately restructure as a real estate investment trust (REIT) as it moves ahead with plans for a voluntary Chapter 11 reorganisation bankruptcy filing scheduled for early next year.

Full Story: Caesars Entertainment To Merge With Caesars Acquistion Co »

PRINCIPAL CREDITOR TO KEEP ATLANTIC CITY CASINO AFLOAT

19th December, 2014 at 03:09:45
Icahn pledges $20 million to give troubled land casino Taj Mahal yet another reprieve from closure.

Atlantic City's struggling Taj Mahal casino resort has been handed another last-minute reprieve from shuttering by principal creditor Carl Icahn, who on Thursday pledged $20 million to stave of closure in the immediate future.

Full Story: Principal Creditor To Keep Atlantic City Casino Afloat »

REMARKABLE FANTASY SPORTS PERFORMANCE

17th December, 2014 at 15:22:42
Relative newbie beats 99 other finalists to claim a $2 million prize.

The daily fantasy sports sector is giving out prizes that would be the envy of many big-money online poker sites these days âEUR‛ in the latest competition finalists partied it up in Las Vegas as two of them earned seven-figure prizes.

Full Story: Remarkable Fantasy Sports Performance »

ADELSON'S 'BOMB IRAN' REMARK HAS EXPENSIVE CONSEQUENCES

12th December, 2014 at 12:00:26
Allegedly reprisal hack costs Las Vegas Sands $40 million in data recovery and equipment expenses.

A Bloomberg business news story this week has revealed the expensive consequences of a politically-charged comment made in 2013 by land casino multi-billionaire and Las Vegas Sands owner Sheldon Adelson.

Full Story: Adelson's 'bomb Iran' Remark Has Expensive Consequences »

SCIENTIFIC GAMES WINS L.T. GAMES LITIGATION

09th December, 2014 at 01:29:43
Nevada court throws case out.

Litigation launched two years ago by Asia-based LT International against SHFL (now part of the Scientific Games group) has been dismissed by a Nevada district court.

Full Story: Scientific Games Wins L.t. Games Litigation »

NEW JERSEY TO OFFER TAX BREAK TO STRUGGLING ATLANTIC CITY CASINOS

03rd December, 2014 at 00:34:21
Legislative proposal introduced to allow a flat tax fee for two years.

It appears that the pleas for tax breaks by struggling Atlantic City land casinos...and especially the Trump Taj Mahal....have been sympathetically received by New Jersey politicians.

Full Story: New Jersey To Offer Tax Break To Struggling Atlantic City Casinos »

NEVADA GAMBLING DECLINED AGAIN IN OCTOBER

27th November, 2014 at 02:55:31
Vegas numbers down for the third month running

October 2014 numbers released by the Nevada Gaming Control Board Wednesday and seen by Online Casinos Vegas show a continuing decline compared with last year - the third consecutive month of slipping revenues.

Full Story: Nevada Gambling Declined Again In October »

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