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06, Saturday February 2021

Research Shows Pandemic Has Fueled Vice Spending, Increased Gambling

The COVID-19 pandemic, new research finds, has led to increased spending on various vices, including gambling. The pandemic in 2020 resulted in Americans spending more heavily on their vices. That includes alcohol, cigarettes, and gambling, much of the latter online due to state closures of brick-and-mortar casinos. (Image: Shutterstock) The report comes from MagnifyMoney, an […]

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05, Friday February 2021

Gaming Innovation Group to power launch of PlayStar Casino in U.S.

Gaming Innovation Group’s (GiG) first new partnership of the year will see its iGaming platform technologies power the launch of recently established online casino brand PlayStar Casino in the U.S. market. Based on a revenue share model, the agreement between GiG and the virtual operator has a 4-year minimum duration with an expected launch in […]

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05, Friday February 2021

Wynn Macau Perks Up, Sports Betting Coming Along, But US Casino Business Still Dismal

Wynn Resorts (NASDAQ:WYNN) delivered fourth-quarter results after the close of US markets today and the report was a good news/bad news affair. Wynn and Encore Las Vegas. The company’s US operations were a drag on fourth-quarter results. (Image: Business Insider) The gaming company lost $2.53 a share on operating revenue of $686 million during the […]

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04, Thursday February 2021

Indiana Gaming Commission moves to revoke Rod Ratcliff’s casino license

The Indiana Gaming Commission has reportedly moved to permanently revoke the Indiana casino license held by local entrepreneur Rod Ratcliff (pictured) over allegations that he failed to disclose the transfer of business funds into a personal wagering account. According to a Wednesday report from The Indianapolis Star newspaper, Ratcliffe partnered with former Centaur Holdings executive […]

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04, Thursday February 2021

Illinois Gaming Board Investigating Business Owned by Key Hard Rock Rockford Investor

The Illinois Gaming Board is set to meet Thursday morning to consider giving initial approval for a $310 million casino in Rockford. However, the agency considering the decision is also investigating another gaming business owned by a key stakeholder in the proposed casino. Dan Fischer, who owns a chain of gaming parlors, speaks to Illinois […]

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04, Thursday February 2021

Paradise Company Limited records dismal January gaming revenues

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for January fell by almost 61.8% year-on-year to approximately $24.44 million. According to a report from GGRAsia, the Seoul-listed firm revealed that the figure represented a 36.2% drop when compared to December’s finishing tally of about […]

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03, Wednesday February 2021

Indiana Moves to Revoke Ratcliff’s Gaming License, Says He Hid $900K Betting Account

The Indiana Gaming Commission is ready to proceed with revoking the license of long-time casino owner Rod Ratcliff. That’s according to documentation filed Tuesday in an Indiana court. Then-Centaur Gaming Chairman and CEO Rod Ratcliff (second, right) takes part in a ceremony before the 2018 Indiana Derby at Indiana Grand Racing and Casino. The Indiana […]

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02, Tuesday February 2021

Gulfside Casino Partnership officially awarded fourth Arkansas casino license

In the southern American state of Arkansas and an entity known as Gulfside Casino Partnership has reportedly been given official permission to build and operate a new $254 million resort casino being envisioned for Pope County. According to a Wednesday report from the Arkansas Times newspaper, the five-member Arkansas Racing Commission initially awarded the license […]

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02, Tuesday February 2021

Jim Murren Blank-Check Firm Acies Merging with MGM-Backed Playstudios in $1.1 Billion Deal

Acies Acquisition Corp. (NASDAQ:ACAC), a special purpose acquisition company (SPAC) started by former MGM Resorts International (NYSE:MGM) CEO Jim Murren, is merging with social casino developer Playstudios, Inc. Former MGM CEO Jim Murren, seen here last year. His SPAC, Acies Acquisition, is merging with Playstudios. (Image: KTNV) The transaction values the mobile gaming outfit, which […]

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02, Tuesday February 2021

Singapore experiencing a steep rise in online gambling fraud

In Singapore and the last few years have reportedly seen unsuspecting victims lose in excess of $11.6 billion at the hands of scammers running ‘fake’ online gambling platforms. According to a report from GGRAsia, most online gambling is illegal in the former British outpost but some punters have been attempting to circumvent this prohibition by […]

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