Monica E.

Macau Casinos Bring in Record Profits for Asian Developer SJM Holding

Macau Casinos Bring in Record Profits for Asian Developer SJM Holding

Monica E. February 27, 2014 18:52:00

SJM’s net profit and earnings before interest, taxes, depreciation and amortization have gone up over the past business year. With last year’s financial reports in, Asian casino developer Sociedade de Jogos de Macau (SJM) Holdings announces company profits have reached a new record level. The casino industry has been booming in the Chinese Special Administrative […]

European Commission Roulette: High Stakes Political Gambling

European Commission Roulette: High Stakes Political Gambling

Monica E. February 27, 2014 18:15:58

Europe is finally getting rid of José Barroso, but who is going to take his place as head of the EU executive body? Europe’s biggest elections are less than three months away and the union’s most powerful political organizations are putting their teams together for the battle. The stakes are high, but players are determined […]

Online Gaming Coming to California: Two Bills Propose Regulating Virtual Poker

Online Gaming Coming to California: Two Bills Propose Regulating Virtual Poker

Monica E. February 27, 2014 17:14:39

California is preparing to join the ranks of states offering legal online poker sites in the US. Local authorities have introduced two new bills which seek to regulate virtual poker rooms. Drawn up by Assembly member Reginald Jones-Sawyer, urgency Bill AB 2291 proposes that all forms of internet gambling except for online poker sites be […]

How Sheldon Adelson Built His Very Own Casino Kingdom from Nothing

How Sheldon Adelson Built His Very Own Casino Kingdom from Nothing

Monica E. February 27, 2014 15:18:49

The president of Las Vegas Sands started his career when he was 12 and became a millionaire by the time he was in his thirties. One of the most controversial figures on the American business and political scene, 80-year old Sheldon Gary Adelson is the chairman and chief executive officer of Las Vegas Sands, one […]

What Potential Law Changes Mean for South African Online Casinos

What Potential Law Changes Mean for South African Online Casinos

Monica E. February 27, 2014 12:43:20

Industry experts believe 2014 could be the year when South African lawmakers finally legalize online gambling. The casino industry in South Africa has grown considerably over the past few years, despite the fact that state authorities were slow at introducing new South African gambling laws to offer the proper legal framework for the development of […]

British Gambling Authority Suspends Bodugi’s License, Due to Numerous Complaints

British Gambling Authority Suspends Bodugi’s License, Due to Numerous Complaints

Monica E. February 27, 2014 12:14:56

The Bodugi online betting site is temporarily closed, after the British authorities suspended its license. After several players complained about not being able to withdraw funds from their accounts on social online and mobile betting site Bodugi, the UK Gambling Commission has suspended the company’s operating license. The measure comes after the regulator was informed […]

Chinese Company Aquis Takes over Casinos in Canberra and Queensland

Chinese Company Aquis Takes over Casinos in Canberra and Queensland

Monica E. February 26, 2014 18:40:19

Billionaire Tony Fung will soon be the new owner of the Reef Casino in Queensland and Casino Canberra. The Aquis Great Barrier Reef Resort Group is preparing to take over the only casino in Cairns, Queensland. According to local gambling news, the company paid $269 million to take over the Reef Hotel Casino, bringing it […]

How Hollywood May Have Influenced Online Gambling Laws in Costa Rica

How Hollywood May Have Influenced Online Gambling Laws in Costa Rica

Monica E. February 26, 2014 17:28:39

A movie released last year is being used by the American Gambling Association to warn against the dangers of online poker. Who would have thought that a movie could affect a country’s gambling regulations? The Costa Rican media industry speculated that “Runner Runner”, a title that hit the big screens last year, could be the […]

The Yen Fight: Sands Will Spend as Much as it Takes in Japan

The Yen Fight: Sands Will Spend as Much as it Takes in Japan

Monica E. February 26, 2014 16:08:16

Japan’s potential casino industry is luring major investors and Las Vegas Sands is willing to spend $10 million on a new resort. Over the past decade, Asia has been the centre of attention in international gambling news. While casinos in the US are losing customers, Asia’s land-based venues are becoming increasingly popular among gamblers world-wide. […]

Filipino Authorities Refuses to Renew Airport Casino Gambling License

Filipino Authorities Refuses to Renew Airport Casino Gambling License

Monica E. February 25, 2014 15:12:57

The Airport Casino Filipino’s gambling license is set to expire this July and PAGCOR won’t be renewing it. The casino industry in the Philippines seemed to be heading the right way, with Manila Bay getting ready to welcome new gambling venues. But with the current Filipino gambling laws giving full control to the Philippine Amusement […]