According to the UK Gambling Commission (UKGC), the country’s gambling industry generated a gross yield of £13.8 billion in the 12 month period between October 2015 and September 2016, representing a new all-time high for the industry. That figure was also up by around 3% compared to the £13.4...
June 10th, 2017 By Charles Washington
MGM Resorts International will not be purchasing the Sands Casino Resort Bethlehem as once thought, and while no official reason has been given as to why the deal fell through, it is believed that a new major gambling bill may have been responsible for frightening away MGM Resorts. Trying...
June 9th, 2017 By Lucy Brown
Volatile markets may be causing Bitcoin valuations to dramatically shift in the blink of an eye, but still more and more industries are continuing to warm to the idea of accepting the cryptocurrency as a means of payment, suggesting that Bitcoin won’t be fading away anytime soon. In the...
June 7th, 2017 By Stephen Smith
After a decade of operating in the red, Atlantic City’s casinos finally returned to growth last year, with revenues higher by 1.5 percent at $2.602 billion in 2016, compared to the $2.563 billion collected in 2015. Nevertheless, those revenues derived from the state’s land-based casino operations actually declined by...
June 6th, 2017 By Shane Larson
Every year, Brazilians are believed to spend roughly $6.4 billion gambling illegally. Lawmakers are all too aware of this and are actively considering a major overhaul of the country’s highly restrictive gambling laws in order to make online and brick-and-mortar gambling legal throughout the vast South American nation. As...
June 5th, 2017 By Shane Larson
Free cocktails have long been a hallmark of the Las Vegas Strip. In decades past, casinos saw offering free drinks to everyone on the casino floor as a way of encouraging people to linger, with the idea being that if they remained and continued drinking then eventually they would...
June 3rd, 2017 By Charles Washington
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