Gambling Insider readers vote on black market issue

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A number of recent developments have created a thought-provoking debate within the UK gambling industry regarding the threat of the black market. On the one hand, the Gambling Commission has joined campaigners and charities in arguing that the threat of...

GKL extends casino closures in Seoul and Busan

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South Korean foreigner-only casino operator Grand Korea Leisure (GKL) has extended the closure of its Seoul and Busan casinos until at least 1 February amid the ongoing coronavirus pandemic. The decision comes after the national government extended the current alert...

MGM China and Melco Resorts join Macau operators paying bonuses to employees

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MGM China Holdings Ltd, the Macau casino operator, announced it would pay a discretionary bonus to eligible non-management staff. According to the company, close to 90% of staff will receive these payments said to be close to one month’s...

New Mexico politicians propose to add casinos to racetracks

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New Mexico might bring live poker, blackjack, craps and a sportsbook to its racetracks. Representative Raymundo Lara sponsors a bill that would convert racinos, located in the state’s racetracks, to fully functioning casinos. Lara said, “I truly believe this is...

Enlabs shareholders with 11% stake reject Entain offer

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Shareholders holding an 11% stake in Enlabs have rejected a bid from Entain to acquire the Baltics operator, as the offer “materially undervalues” the company. Earlier this month, Ladbrokes and Coral operator Entain, previously known as GVC Holdings, made an...

NSW Crime Commission raises money laundering concerns

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The New South Wales (NSW) Crime Commission has raised concerns about the state’s poker machine profits, which it believes could be linked to money laundering. Liquor and Gaming NSW reported gaming machine profits of AU$582.7m (US$447.9) and $629.6m for November...

New SJM Holdings IR to generate US$450 million EBITDA by 2023

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Credit rating agency Fitch Ratings is forecasting SJM Holdings to generate EBITDA of HK$2bn (US$258m) at its new integrated resort (IR) in Macau in 2022. Fitch also forecasted that the new IR, Grand Lisboa Palace, will generate HK$3.5bn by 2023. A...

Gambling Commission accuses gambling firms of exaggerating black market threat

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UK gambling firms have been accused of exaggerating the scale of black market betting, in an attempt to fend off tougher legislation from the Government. The 2005 Gambling Act is currently under review, with several areas of the industry set...

GI Huddle problem gambling series: Part 3 — women problem gamblers

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In part 3 of our problem gambling series, the GI Huddle is joined by Matthew Hickey, interim CEO of the Gordon Moody Association. This year, the Association plans to open its first ever gambling clinic just for women. Why? Problem gambling among...