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PAGCOR Might Soon Stop Operating Casinos In The Philippines
The Philippines’ Department of Finance is contemplating removing casino operations from the country’s gaming regulator, the Philippine Amusement and Gaming Corp (PAGCOR) based on local media reports. In a statement, Carlos Dominguez Finance Secretary, said, We believe that government should
Read MoreAtlantic City Casino Profits Up During First Half of 2016
Atlantic City’s casino industry is seeing a revival as the latest results show an improving bottom line. According to data released by the New Jersey Division of Gaming Enforcement for the first half of 2016, profit for the industry has
Read MoreAtlantic City PILOT Bill Payments Will Not Get Hit With Taj Closure
Atlantic City officials have clarified that the closure of the Trump Taj Mahal casino would not affect the bill that entitles the city PILOT bill payments from the casinos in lieu of taxes. The Trump Taj Mahal casino is expected
Read MoreKarnataka Tourism Department Pushes For Offshore Casinos
The tourism department in the state of Karnataka, India is backing a proposal to set up offshore casinos in coastal regions of the state as it believes the move will help boost tourism in the state. According to the tourism
Read MoreWynn Palace To Perform Well Despite Reduced Gaming Tables
Steve Wynn, the chairman and chief executive of Wynn Resorts and Wynn Macau Ltd has said that his company wasn’t too bothered that the Macau government granted their US$4.2 billion Wynn Palace integrated casino resort in the Cotai district a
Read MoreSavan Vegas, Laos Receives Better Offer From Consortium
A new bid has been submitted for the Savan Vegas Hotel and Entertainment Complex in Laos. The new offer has been made by an entity named as the European-Asian Consortium which is representing several large international casino operators. The Laos
Read MoreNorth Jersey Ad Campaigns Begin As Referendum Approaches
Two business interest groups in New York have launched ad campaigns opposing the upcoming casino referendum in New Jersey. Voters of New Jersey are deciding whether casinos should be set up outside of the existing gambling hub in Atlantic City.
Read MoreNevada Considers Adoption of Prepaid Accounts For Gambling
The Nevada Gaming Control Board is taking steps towards permitting casino to use wagering account for gambling, indicating a change in its position regarding player access to e-commerce channels in gambling. The board is currently reviewing existing rules and regulations
Read MoreSlot Machine Revenue in Florida Still Below Projected Estimates
The amount of gaming taxes from slot machines in the state of Florida is still not in line with projections made earlier by gaming analysts. This year around $187 million was received in the form of slot taxes from racetrack
Read MoreSinatra’s Cal Neva Casino Resort Struggles For Survival In California
The Cal Neva Casino Resort which was once owned by the legendary Frank Sinatra in Lake Tahoe, California continues to fight for survival. The casino has been closed for the last three years due to renovation purposes has now applied
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