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The Supreme Court of the Philippines has upheld its decision that declared Bloomberry Resorts and Hotels, Inc.’s (Bloomberry)(BLOOM.PS) exemption from paying a corporate tax, imposed by the Bureau of Internal Revenue (BIR), as a franchisee of the Philippine Amusement and Gaming Corporation (PAGCOR). The High Court has enjoined the BIR...
The Kansas Supreme Court has scheduled opening arguments in the case of Kansas Crossing Casino and Hotel in the southeast portion of the state. Kansas Crossing and the state lottery board are being sued by Castle Rock Casino and the Cherokee County Commission. The plaintiffs filed suit soon after...
Mayor Don Guardian and Atlantic City legislators submitted a proposed financial recovery plan that was a 125 pages long outlining what the beleaguered city plans to do in the next 5 years to reduce its $500 million debt and increasing funding for its growing budget. One of the points highlighted...
After announcing in October that it intended to open its new Tiger Palace Resort later this month, Asian casino operator Silver Heritage Group has now delayed the launch after encountering “temporary unexpected delays” that include “a shortage of liquidity in the Nepal banking system”. Sydney-listed Silver Heritage Group made the...
Shares in London-listed online payment systems provider Paysafe Group plunged almost 38% yesterday following an accusation that some of its outsourced services have been facilitating “both illegal gambling and Chinese capital control evasion” for one of its largest customers. The stock peaked at 380.60 at 10am Tuesday, fell to...
Caesars Entertainment Operating Company – the operating arm of Caesar’s Entertainment Corp (CEC)., finally resolved their lender disputes Friday, leaving the door open for the long-awaited plan to save the company from Chapter 11 bankruptcy. Namely, according to a filing from the Bankruptcy Court in Chicago, an agreement has...
Japan has taken another major step toward lifting the country’s ban on casinos and opening what could become one of the world’s most lucrative gaming markets. On Tuesday, the lower house of the Diet (parliament) passed a casino bill that has taken years to advance and has piqued the interest...
In Canada, a six-year-old rental dispute between casino operator Vanshaw Enterprises Limited and landlord Mayfield Investments Limited reportedly came to a head on Monday with the doors to Casino By Vanshaw in the city of Medicine Hat being locked. According to a report from the Medicine Hat News newspaper, the...
Casino gaming in Argentina has been brought to a virtual standstill after three unions joined forces on Monday to call an indefinite strike in protest at the possible introduction of new taxes currently being considered by legislators. According to a report from G3 Newswire, the ongoing strike involves around 250,000...
Wynn Macau Limited, the Asian arm of Wynn Resorts Ltd, saw a 26.6% decline in year-on-year profits for the fourth quarter of 2016, according to a recently posted financial report from the company. The drop in profits is reportedly due to costs associated with the launch of the Wynn...