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Casino Rumor Mill: Las Vegas Sands Considering Wynn Resorts Takeover
Las Vegas Sands is admittedly a buyer in the current economic gaming market. Billionaire founder and Chairman Sheldon Adelson revealed that acquisitions are being considered during the company's first-quarter earnings call last...
$12.2 Billion Flutter-Stars Group Mega-Merger to Complete May 5, Creating World’s Biggest Online Gaming Group
Flutter Entertainment’s shares spiked Thursday as the company announced its $12.2 billion merger with The Stars Group (TSG) would complete May 5, creating the biggest online gaming company in the world. The...
Crown Resorts Sued by Man Who Slipped on Pool of Vomit and Broke Neck
Australian casino giant Crown Resorts has been sued by a man who alleges that he broke his neck after slipping on a puddle of vomit at the company's property in Melbourne. Lawyers...
Blackstone Gobbles Up 10 Percent of Crown Resorts, Melco Sells Stake at Big Loss
Private equity colossus Blackstone (NYSE:BX) continues forging into the gaming business. The company is taking a nearly 10 percent stake in Australia's Crown Resorts, and is getting those shares from Melco Resorts...
Aristocrat Cuts Many Worker Salaries, Trims Workforce
Slot machine provider Aristocrat Leisure is laying off or cutting out over 1,000 employees due to the financial impact from the coronavirus pandemic, according to a company announcement this week. To further...
Offshore Asian-Facing Betting Sites Taking Bets on Coronavirus Case Numbers
Many sportsbooks around the world are struggling to find betting markets during the coronavirus pandemic. Maybe that’s why some offshore sites are now offering COVID-19 betting to their customers. The New Paper...
‘Pornostar’ Dealer Loses Unfair Dismissal Case Against Crown Resorts
A dealer at Crown Melbourne who claimed he was bullied after uploading a risqué homemade hip-hop track titled “Pornostar” to the casino’s Facebook page has lost his claim for unfair dismissal. Harkirat...
Las Vegas Sands Founder Sheldon Adelson World’s Richest Casino Billionaire, Fortune Worth $26.8B
Sheldon Adelson, the founder and chairman of Las Vegas Sands, remains the world's richest casino billionaire, his estimated net worth at $26.8 billion. The 86-year-old casino tycoon possesses more than half of...
Celebrities Supporting Laid Off MGM Resorts Employees, Emergency Fund Upwards of $11M
MGM Resorts has furloughed approximately 60,000 workers in the United States. But numerous celebrities with business ties to the casino operator are stepping up to help them overcome the difficult times spurred...
Banning Macau Casino Employees from Gambling: Wise or Misguided Policy?
In today's Asia-Pacific Expert Insights series, gaming expert and Ph.D. Sudhir Kalé looks at a common policy among gaming operators in this region: that of forbidding their casino employees from playing in...