Alabama charges 11 persons for illegal sports betting operations
Federal prosecutors said Friday that 11 people across Alabama have been charged with tax evasion, illegal operation, and money laundering activities in connection to an online sports betting organization. Come from Sports betting site VPbet
Illegal sports betting operations:
According to AP, prosecutors said that the defendants operated the Red44 sports betting organization. The defendants confirmed that the online organization was run by an offshore server located in Costa Rica and that it was involved in sports betting activities, which are illegal in the state. Prosecutors have filed an indictment in Birmingham …
Atlantic City Casinos Recorded 4.6% Lower Operating Profit in 2022
Atlantic City’s nine casino resorts collectively had a 4.6% lower operating profit in 2022 than the previous year to testify to the long-lasting impact of the 2020 COVID-19 outbreak on the profitability of the gambling industry in the city, Associated Press reports.
The New Jersey Division of Gaming Enforcement released the profitability figures for the city’s nine casinos Monday showing the aggregated operating profit of the casinos settled at $ 731.2 million in 2022, which is 4.6% lower level than the earnings collectively made in 2021 by Atlantic City casino industry.
Eroding Profits:
Only two of the nine ca…
Buffalo Bill’s Resort and Casino opens again after multi million-dollar restoration
On January 10, 2023, part of Primm Valley Casino Resorts and a widely-known Las Vegas-based subsidiary of Affinity Interactive (AI), Buffalo Bill’s Resort and Casino reopened after a multi million-dollar restoration.
However, the Primm Valley and Whiskey Pete’s Casino Hotels stayed open.
New upgrades:
The newly reopened casino and resort has received various upgrades, making it an even better and more satisfying experience for customers.
Newly designed hotel rooms, a freshly upgraded casino floor with the latest “Tree Bar” offering 85″ TVs among other things and extra slot machines with the newest titles and technologies are just some of the upgrades that will supply guests with an improved and much better experience.
Commentin…
Aquis Entertainment finalizes US$42 million sale of Casino Canberra to Iris Capital
Australia-based Aquis Entertainment has officially announced that it has finalized the sale of its entire subsidiary, Canberra-based Aquis Canberra Pty Ltd, better known as the Casino Canberra site, to Iris CC Holdings Pty Ltd for an irrevocable sale price of AU$63 million, which is approximately US$42.5 million.
New purchase:
Under the terms of the sale agreement, Aquis received a completion payment from Iris of AU$60.5 million, which is approximately US$40.8 million.
However, an additional payment of AU$2.5 million, which is approximately US$1.7 million, is held in escrow at the moment and will be released to Aquis in nine months. This happened because there was no warranty claim.
In addition, Aquis will pay off the full AU$20.4 million loan to its majority sha…
Aristocrat Opens First Dedicated Gaming Showroom in Manila
Australian gaming machines and iGaming innovator, Aristocrat Leisure Ltd, reportedly opened “the first dedicated gaming showroom” in the Philippines. As GGRAsia reports, the gaming facility is part of Aristocrat’s new offices located in Pasay City, Manila, in the vicinity of the popular Entertainment City casino area.
Showcasing the Latest Gaming Developments:
The company reportedly stated: “Displaying a full range of games currently successful in the Philippines such as Dragon Link, Tian Ci Ji Lu, and 5 Dragons Pearl, the showroom also showcases Aristocrat’s comprehensive game roadmap for the next 12 months. This means that local operators do not have to travel to trade shows or overseas to view the latest games – they can do so conveni…
Bally’s Prepares to Implode Tropicana by the End of the Year
As the demolition of the Tropicana casino hotel in Las Vegas draws near, Bally’s Corporation is trying to secure the necessary permits for imploding the property. Because of the procedure’s intricacies, the casino operator would need to secure dust control and asbestos abatement permits, among other permits. Traffic would also need to be taken into mind.
According to the latest reports, the Tropicana will be imploded by Controlled Demolition, the same company that previously imploded the Riviera and the Landmark.
According to Tropicana’s chairman, Soo Kim, the matter is still subject to permitting but Bally’s intends to bring the casino down by the end of the year. This would mark an end to a legendary property that has remained in business for over half a century.