California: legal gambling battle results in $1.4 million in political donations

An obscure legislative committee in California received nearly $1.4 million in campaign donations before voting a gambling bill.

Resilience in Macau gaming seen amid crackdown on illegal money exchanges, Citigroup says 

Citigroup analysts George Choi and Ryan Cheung have reassured investors that concerns regarding a crackdown on illegal cross-border fund flows and its potential impact on Macau's gross gaming revenue (GGR) are likely exaggerated. In a note on Monday, the two highlighted improving gaming demand trends in Macau for July, despite intensified efforts to curb illegal money exchange activities since June.

System glitch forces Star Entertainment to suspend electronic gaming services

Star Entertainment Group has announced the temporary shutdown of all electronic gaming machines (EGMs) and electronic table games (ETGs) at its casinos. This action came after disruptions were detected during post-upgrade testing, which was part of implementing cashless gaming systems.

Summer Olympic fever! Betting activity expected to surge 

With the Summer Olympic Games set to start on 26 July, sportsbooks and daily fantasy operators are preparing for a surge in betting activity. The off-seasons of major betting leagues like the NFL and NBA could further contribute to the heightened interest in the Olympic events.

Cordish Gaming boards Bryan Prettyman as SVP of property operations for Live! Louisiana 

The Cordish Gaming Group, the gaming division of The Cordish Companies, has recently appointed Bryan M. Prettyman as the Senior Vice President of Property Operations at Live! Casino & Hotel Louisiana. This appointment comes as the property gears up for its much-anticipated launch in the first quarter of 2025.

Investment opportunity: LET Holdings non-core assets for sale

In the face of geopolitical uncertainties and economic challenges, Hong Kong-based LET Holdings is focusing on the consolidation and streamlining of its core business. This strategic shift, however, is contingent on a multitude of factors. The successful divestment of assets in Russia and Japan stands as a critical prerequisite, paving the way for LET Holdings to explore growth opportunities in markets that present less geopolitical risk. Concurrently, the company’s ability to secure buyers for these divested assets plays a significant role in this strategic realignment. Additionally, the resolution of the trading suspension on the HKEX and the successful completion of its development project in Manila are crucial milestones. The future trajectory of LET Holdings is a complex interplay of these factors, each contributing to the success of its strategy.

Meet Ray Schneider, Dealer of the Year 2024

Ray Schneider has won the Grosvenor Casino Dealer of the Year 2024. The 41-year-old works for the Barracuda Casino on Baker Street, London.

Macau raid: Police crack down on illegal mahjong

Police authorities have successfully dismantled an illegal mahjong operation in Macau, leading to the arrest of four individuals and the seizure of gambling equipment.

Goldman Sachs maintains Macau GGR forecast at over €26B despite temporary setbacks 

Goldman Sachs predicts that the adverse effects of the rainy weather and the ongoing UEFA Euro 2024 will only temporarily impact Macau's gross gaming revenue (GGR). Historically, events like the UEFA Euro can reduce total GGR by up to 5 percent, but this impact is usually recovered by August and September. The investment banking firm said that with the UEFA Euro concluding on July 14, any negative effect on GGR should be short-lived.

Las Vegas casino has one week to give away $1.6 million

Nevada law requires closing casinos to give away accumulated jackpots: the Mirage must distribute $1.6 million in one week.