Trump Plaza implosion countdown begins, new auction on the table

The Atlantic City eyesore known as the Trump Plaza will be demolished in less than a month.

Massachusetts casino revenue slumps over holidays

Massachusetts casino revenue slumps over holidays

Nevada regulator spooked by vaccine survey

Nevada regulator spooked by vaccine survey

Cherokee get pushback on recent Indiana purchase

Cherokee get pushback on recent Indiana purchase

LATEST Casino ARTICLES

Poker chips

Macau lawmaker believes the DICJ is too cozy with casino operators

By Erik Gibbs

22 January 2021

Legislative Assembly member José Pereira Coutinho believes the gaming regulator is “c.olluding” with casino operators.

law gavel

Imperial Palace construction to stop after IPI found in contempt

By Erik Gibbs

22 January 2021

A US DOJ action against the casino operator is upheld by the courts, forcing IPI to halt almost all operations.

south-korea-jeju-casino-heist-suspect-arrested

South Korea casino heist suspect arrested, bulk of cash recovered

By Peter Amsel

21 January 2021

South Korean police arrest one suspect in theft of $13.4m from Landing International's Jeju Shinhwa casino.

singapore-casinos-will-stay-closed-as-75%-of-economy-reopens

Singapore casinos will stay closed as 75% of economy reopens

By Derek Tonin

22 May 2020

cherokee,-catawba-tribes-head-to-court-over-north-carolina-casino

Cherokee, Catawba tribes head to court over North Carolina casino

By Erik Gibbs

22 May 2020

march-deaths-at-galaxy-macau-caused-by-poor-maintenance

March deaths at Galaxy Macau caused by poor maintenance

By Erik Gibbs

22 May 2020

japan-prosecutor-illegal-mahjong-gambling

Top Japanese prosecutor resigns after admitting to gambling

By Peter Amsel

21 May 2020

casino-reopen-wave-2-covid

Philippines debates if wave 2 of COVID has arrived as casinos wait to reopen

By Derek Tonin

21 May 2020

clark-zone's-fontana-casino-closed-over-illegal-chinese-hospital

Clark Zone’s Fontana casino closed over illegal Chinese hospital

By Erik Gibbs

21 May 2020

silver-heritage-now-has-receivers-as-it-tries-to-avoid-bankruptcy

Silver Heritage now has receivers as it tries to avoid bankruptcy

By Erik Gibbs

21 May 2020

brazil-tourism-minister-integrated-resorts-casinos

Brazil gov’t preparing land-based casino authorization proposal

By Steven Stradbrooke

21 May 2020

Connecticut’s tribal gaming operators will partially reopen their venues on June 1, much to the chagrin of the state’s governor. On Wednesday, the Mashantucket Pequot Tribal Nation and the Mohegan Tribe announced that they would “begin the reopening of portions” of their reservations, which include (respectively) the Foxwoods Resort Casino and Mohegan Sun, which were shut on March 17 to minimize spread of the COVID-19 coronavirus. https://calvinayre.com/tag/foxwoods-resort-casino/ https://calvinayre.com/tag/mohegan-sun/ The tribes say they collaborated on new safety protocols and operating procedures to minimize risks to both casino guests and staff, including protective equipment, physical distancing and mandatory masks for guests. Neither property will open its buffets, concert venues or poker rooms, while tenant restaurants will be open on a take-out only basis. The casinos also “will be catering to Connecticut and Rhode Island residents only.” No out-of-state buses will be “accepted” and “no out-of-state marketing to New York or Massachusetts will take place at either property,” although one suspects the odd VIP gambler from those states might just find a way through these roadblocks. The tribes might be in agreement but Gov. Ned Lamont called the decision to reopen an “incredible risk,” both for staff and guests, particularly “older people … with pre-existing conditions.” Lamont further claimed that “it’s risky for the region because you have a lot of employees that go back out into the region.” Mohegan Tribe chairman James Gessner responded to Lamont’s concerns by noting the tribes’ commitment to deter most out-of-state customers and their public statements about urging older customers to “take specific precautions and to stay home if they are part of an at-risk group.” Mashantucket Pequot chairman Rodney Butler told the Associated Press that state officials were welcome to tour the casinos and, if they can find “something that we’re doing in operations that we can do for the better, we’re certainly open to those conversation.” https://www.usnews.com/news/best-states/connecticut/articles/2020-05-21/tribes-open-to-suggestions-but-still-plan-to-reopen-casinos Whatever Lamont’s concerns, he’s effectively powerless to stop the federally recognized tribes from doing as they please on their sovereign territory – although he noted Thursday that the state controls their liquor licenses. And the tribes have their own concerns, given that the casinos are the primary economic engines of their peoples. MGE SEEKS $100M That economic urgency was underscored this week following reports that Mohegan Gaming & Entertainment (MGE) had missed a self-imposed deadline of May 11 to raise $100m. The company is looking to ensure its liquidity position as well as fund its expansion projects, including the Hellinikon integrated resort project in Greece. https://calvinayre.com/tag/mohegan-gaming-entertainment/ https://calvinayre.com/tag/hellinikon/ Bloomberg reported that MGE had offered to pay 14% interest for a new loan maturing in October 2021 but would-be lenders were spooked by a variety of factors, including around $400m of MGE debt that comes due in 2021 and questions over whether claims could be made on MGE assets on tribal land should the company default. https://finance.yahoo.com/news/mohegan-sun-tribal-owners-pushback-113044525.html The news will likely be used by US tribal gaming operator Hard Rock International (HRI), which still hasn’t gotten over the fact that MGE was chosen to build Hellinikon over HRI. https://calvinayre.com/2020/05/07/casino/greek-court-rejects-hard-rock-appeal-hellinikon-casino-license/

Connecticut governor calls casino reopening plans “incredible risk”

By Steven Stradbrooke

21 May 2020

kangwon-land-south-korea-casino-gaming-tables

Kangwon Land casino to get more tables, longer hours after lengthy shutdown

By Peter Amsel

20 May 2020

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