UK betting companies have taken sharp hits to their stock prices after reports emerged that the government was considering hefty tax hikes on gambling operators. Almost £3bn ($3.92 bn) was wiped off the value of UK gambling stocks following a report in The Guardian which claimed that Chancellor Rachel Reeves was under pressure from leading…
Month: October 2024
Genting Partner Files $600m Lawsuit Alleging “Massive and Co-Ordinated Fraud”
Genting facing lawsuit Malaysian casino giant Genting Bhd is facing a lawsuit from a partner alleging that the company has been dumping vast liabilities onto its Resorts World Bimini (RWB) property in the Bahamas. RAV Bahamas, which owns 22% of the RWB operating entity BB entertainment, alleged in a lawsuit filed last Monday that Genting,…
Macau Votes in Its New CEO Following One-Horse Race
The Asian gambling hub Macau has a new Chief Executive. Former judge Sam Hou Fai received 394 out of 398 votes from the election committee in a one-horse race. He is the first-ever chief executive for the special administrative region to be born on mainland China, with the role usually going to somebody from the…
Poker TDA Releases Its Updated 2024 Rules
TDA met in June The Poker Tournament Directors Association (TDA) hosts a biennial summit which brings together tournament directors, floor staff, organizers, and players from all over the world with the objective of improving and standardizing rules, procedures and policies for the overall betterment of poker. In the last weekend of June, the TDA met…
Killarney Poker Festival Attracts Huge Numbers
Memories of Killarney Since the start of my poker career, I’ve been attending the Killarney Poker Festival, and making memories. Some highlights include traveling southwest to play my first one the day after I’d made my TV poker debut (losing heads-up to a boxer who apparently didn’t know the hand rankings and definitely didn’t know…
Airball, Polk, Adelstein, and Berkey: Poker Pros United in Disdain for Nick Vertucci
The next big scandal In case you missed it this week, Nick Vertucci is the name on everyone’s lips in the world of professional poker. The Co-Owner and Showrunner of Hustler Casino Live has lost his position on the livestream poker show after accusations surfaced of sexual harassment. a series of suggestive text messages and…
Wynn UAE Casino to Benefit from Demographics, Taxes, Says JPMorgan
Wynn Resorts’ (NASDAQ: WYNN) integrated resort in the United Arab Emirates (UAE) is poised to benefit from attractive demographics and a favorable tax regime, according to JPMorgan analysts. Al-Marjan Island in the UAE, site of Wynn’s casino resort. JPMorgan believes the venue will be a long-term success. (Image: Arabian Business) In a new report to…
Simone Andrian Wins WSOP Europe Main Event for €1.3m
Wire-to-wire In my role as commentator at Merit in North Cyprus, I have presided over dozens of final tables. Over the years, a few names have stood out as consistent deep runners, players who put themselves in contention for glory time and time again. One such name is Simone Andrian, a supremely talented young Italian…
Nick Vertucci Axed by Hustler Casino After Veronica Brill Speaks Out on Harassment Claims
Vertucci out As reported by VegasSlotsOnline News this week, Hustler Casino Live Co-Owner and Showrunner Nick Vertucci is in the spotlight for all the wrong reasons. The poker player and Founder of Down Swing Poker has been accused of sexual harassment. On X this Wednesday, Hustler Casino Live announced that Vertucci would “no longer be…
Hurricane Milton Limits Florida Casino Operations
Seminole Hard Rock Hotel & Casino Tampa remained largely open Wednesday evening despite the impending threat of Hurricane Milton. A photograph of Hurricane Milton, which was taken Tuesday by astronauts on the International Space Station. (Image: NASA) But some offerings have been shuttered out of safety concerns, such as the sportsbook, poker room, and limited…