Category: Gambling
Gambling13 Apr, 2019 Online gambling may soon be banned in Gujarat
The state of Gujarat has always seemed to be intolerant of all forms of gambling and other addictions and vices. Not many other states in India have games like PUBG banned, or even the consumption/selling of alcohol banned. Once again, we’re here to report some bad news for the re...
Gambling10 Apr, 2019 Delta Corp. shows 18.7% income rise in 1st quarter of 2019
Delta Corporation, India’s only gaming and hospitality company that’s listed on the market, recently saw its income surge by an 18.7% year-on-year (YoY) in 1Q 2019 (1st quarter of 2019) to INR 213.53 Crores ($32.4 million) till 31st March 2019. The bulk of the profits in the YoY compari...
Gambling10 Apr, 2019 Wynn Resorts scraps $7.1 billion acquisition of Crown
Wynn Resorts, the Las Vegas based casino operator, formerly owned by headed by Steve Wynn has decided to terminate its deal of buying Australia’s Crown Resorts. The deal worth AUD 10 billion ($7.1 billion), which was supposed to be imminent, because the information got leaked, Wynn stat...
Gambling09 Apr, 2019 RedKings shuts down after almost 13 years
Last week, RedKings, a platform for online poker and sports betting, announced that it will shut down in a statement posted on their website. The company explained that after 13 years of ‘shuffling cards at the tables’ they have closed two of their products: poker and betting. The state...
Gambling09 Apr, 2019 Australia’s Crown Resorts to be taken over by Wynn
James Packer, Australian billionaire and owner of Crown Resorts is all set to let go of his venture, after a deal that includes Las Vegas-based Wynn Resorts buying it for AUD 10 billion ($7.1 billion). Both the entities are in talks with each other, and the transaction seems imminent. T...
Gambling08 Apr, 2019 Sri Lanka’s casino entry fee only limited to citizens
In March this year, the Sri Lankan government imposed a casino tax with a view to increase the tax revenue. They imposed a $50 entry fee for customers who wish to enter their casinos. It had also introduced a 15% levy on the entire casino’s turnover. The Finance Minister of the country ...
Gambling05 Apr, 2019 When Poker meets Bollywood: Amin Rozani stars in music video
Bollywood is undoubtedly the biggest entertainment industry in the country, while poker on the other hand, is a niche industry, which is slowly finding its wings in India. We’ve often heard of the two integrating, with quite a few Bollywood celebrities being associated with the ga...
Gambling05 Apr, 2019 NagaCorp plans for a $4B casino project in Cambodia
NagaCorp, Cambodia’s largest hotel, gaming and leisure operator, is planning to create another integrated resort casino in the country. The project is called ‘Naga 3’ and is ambitious in its scope, with the cost for it estimated between $3.8 billion and $4 billion. The project is envisi...
Gambling05 Apr, 2019 Puerto Rico governor introduces sports betting bill
The South American country of Puerto Rico recently saw a sports betting bill being introduced in its parliament. The bill was tabled by the country’s Governor Ricardo Rossello. The bill, if passed, will become law and lead to the legalization of betting on sports and online video games ...
Gambling04 Apr, 2019 Casino execs tried to cover up Steve Wynn’s sexual misconduct
A report by Massachusetts casino regulators has stated that Wynn Resorts executives had hidden their former Chariman Steve Wynn’s sexual misconduct allegations for years. The report was brought out by the state’s Gaming Commission’s investigative team. The 5-member panel who formed the ...
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