Star Sydney Encouraged Local High Rollers to Lie in Possible Tax Dodge: Whistleblowers

Australia’s Star Sydney Casino told high rollers to lie about their residential status so it could pay less tax, sources who spoke to The Sydney Morning Herald (SMH) claimed this week. The Star Sydney, above, may have saved millions of dollars in taxes by exploiting a loophole designed to promote tourism, according to SMH sources. …

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Penn National Stock Rallies on Susquehanna Upgrade

Penn National Gaming (NASDAQ:PENN) stock is soaring Wednesday. That’s after a sell-side analyst waxed bullish on the company’s digital gaming unit. The Barstool Sportsbook at Penn National’s Ameristar casino in Colorado. The stock is soaring today following an analyst upgrade. (Image: Uncover Colorado) In a note to clients, Susquehanna analyst Joseph Stauff lifts his rating …

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Wind Creek Bethlehem to Decrease Slot Allotment, Casino Cites Social Distancing

Wind Creek Bethlehem wants to declutter its casino floor by removing 655 slot machines. The commercial casino owned and operated by Alabama’s Poarch Band of Creek Indians (PBCI) says the decision to remove terminals is because of  patrons’ changing behaviors. A sea of slot machines clutter the Wind Creek Bethlehem casino floor. The Pennsylvania casino …

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Caesars Entertainment Incorporated to hold minority Japanese stake

In Japan and the government for Wakayama Prefecture has reportedly been told that Caesars Entertainment Incorporated is planning to hold only a 5% stake in the jurisdiction’s envisioned integrated casino resort. According to a report from Inside Asian Gaming, this revelation came during a council presentation on the plan that would see a Las Vegas-style …

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Las Vegas Mask Mandate Expected to End, as Nevada Likely to Follow National Trend

The Las Vegas mask mandate is expected to soon be lifted by Nevada Governor Steve Sisolak (D). Nevada Gov. Steve Sisolak holds a press briefing in Las Vegas last August. The governor is likely to soon lift his mask mandate. (Image: KOLO) The word on the Strip is that Sisolak will announce the ending of …

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Bet365, Entain Topped the List of GambleAware’s $21M in Donations Last Year

GambleAware, the UK’s responsible gambling charity, has released data on how much money it is picking up to fund its initiatives. In the first three quarters of the current fiscal year, it received over £16 million (US$21 million). Bet365’s Offices. The gaming operator continues to be one of the largest contributors to GambleAware’s coffers. (Image: …

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‘Florida Voters in Charge:’ Authorities Investigating Casino Ballot Petition Fraud

The Florida Department of Law Enforcement (FDLE) has launched a full investigation into the inclusion of thousands of fake signatures on a pro-casino ballot campaign bankrolled by gaming giant LVS Corp. Sniffing out the culprit: The FDLE is investigating the source of the fraudulent petition signatures. (Image: Miami Herald) Election supervisors counting the signatures last …

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Caesars Digital Betting Biz Valuation Not Adequately Appreciated, Says Analyst

Caesars Entertainment (NASDAQ:CZR) is a rising force in the internet casino and online sports betting industries. But an analyst argues the current share price implies negative value for the digital business, while lower-quality rivals command billions of dollars in equity value for comparable offerings. An ad for Caesars Sportsbook featuring actor J.B. Smoove. An analyst …

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Operator Swiss Casinos to integrate Playson iGaming content; celebrates January Prize Strike success

In a continuing effort to grow its reach and audience, online casino software developer Playson has partnered with Zürich-based operator Swiss Casinos in a content deal that realizes its Swiss market debut. The new agreement will see the Swiss operator’s online interest integrate popular Playson slots such as Joker’s Coins: Hold and Win, Buffalo Power …

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VICI Properties Boosts Borrowing Capabilities With $3.5B Credit Facility, Term Loan

VICI Properties (NYSE:VICI), the largest casino landlord, is expanding its borrowing capacity in significant fashion, announcing access to a new, undrawn combined $3.5 billion unsecured credit facility and a term loan. Caesars Palace on the Las Vegas Strip. Owner VICI Properties is expanding its borrowing capacity in a big way. (Image: CNN) The gaming real …

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