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      Macau Junket Steals $258 Million

      One of the employees of Junket operator Dore Holdings suspected of stealing $258 million worked inside the Wynn casino in one of the private VIP rooms.

      The exact amount stolen has not been reported yet but may be as little as ten percent as the widely reported $258 million figure.

      As a result Wynn stock has took a tumble. Although the Casino is not responsible for the loss it could have a major effect on High rollers and drive the gambling market down further than it already is.



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      Paypal back in the US Gambling Market

      After 12 years of pulling out of the US online gambling market Paypal re-enters online gambling market for deposits.

      “PayPal is launching a pilot program to support four leading real money gaming operators to offer PayPal as a way for gamers to fund their online accounts with these merchants,” the company told news channel CNBC. “As a global payments provider, PayPal’s goal is to give people safe and simple ways to pay for the things they want, so long as we can comply with applicable laws.”

      US players can look forward to another processor option in the following months.
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      New Casino to Open in Massachusetts



      A victory for the Mashpee Wampanoag Tribe after the government awarded them 321 acres of land consisting of 170 acres in the town of Mashpee and 151 acres in Taunton. Plans to build the first tribal Casino will begin in the spring of 2016 in Taunton. The cost of the project is estimated at $500 million.

      Located in Bristol County, Taunton is 40 miles south of Boston, 18 miles east of Providence, 10 miles north of Fall River, 20 miles north of New Bedford, and 25 miles west of Plymouth.
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      Macau Casinos Suffering

      Early estimates based on Daiwa Capital Markets stated $256 million had been stolen in the Wynn Casino Macau heist.  A more accurate figure was reported by Dore's, (where the suspected junket employee worked) in a recent statement that the losses were HK$100 million, or $13 million. Dore does not owe any money to Wynn Casino however as a result Wynn and big Casinos have been hit hard. 

      Deutsche Bank analyst Karen Tang said in the note, according to Bloomberg. "Gross gaming revenue fell 19% to 493 million patacas ($62 million) a day last week, or 18% below the average so far this quarter."

      Macau has already sufffered with monthly gaming revenues down 30% to 50% from the same time a year before. Due to the anti-corruption campaign spearheaded by the President in China mainland gamblers are avoiding the Casinos in Macau.

      Another hard hit for this gambling region is the smoking ban which will go into law within the next year. Revenue is expected to go down even more when it goes into effect.

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      Connection Between Illegal Gambling and Organized Crime in US

      In a report  released Tuesday at the G2E Las Vegas by Virginia Commonwealth University’s Dr. Jay Albanese, he detailed the strong connection between illegal gambling operations and organized crime organizations in the US.

      American Gaming Association (AGA) resourceful in working with law enforcement  has published  new report which exposes how illegal gambling has been used to fund criminal organizations throughout the US.

      The research shows how in 2014 alone there were 80 operators in 23 states convicted of operating illegal gambling businesses.
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      Good News for Wynn Resorts

      After the Macau heist fiasco where Wynn Resorts gets 70% of its revenue some much needed positive news. The Casino stock rose 23 percent to $63.52 at the close in New York. It was the biggest one-day gain since April 2009 and comes after the indication the Chinese government will take steps to revive the gambling industry in Macau.

      The economic slow down due to the corruption in Macau has caused a 16 month straight loss. Other Casino stocks went up were Las Vegas Sands Corp. at 11 percent to $40.87, MGM Resorts International up 6 percent to $19.79 including Hong Kong-listed subsidiaries that also rose.

      **On a personal note -  last week i had such a feeling Wynn's stock was going to soar.....why oh why didn't i have any shares!!
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      Mirage Security Roughs Up Teen Wolf Star

      Actor Cody Saintgnue of MTV’s Teen Wolf show has filed a suit against The Mirage Casino. While celebrating his 21st birthday in Las Vegas last year he was assaulted by staff after refusing to pay extra charges on a bill at 1 Oak Nightclub.

      After Saintgnue and his friends paid $717.36, the club said he owed a balance of $1,000 more. It was however, later reduced to $164.68. The lawsuit states that this was “an attempted shakedown, theft, and robbery of the plaintiff.”

      The suit also alleges while he was escorted out he was attacked by staff causing bruised ribs.


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      "All it takes for evil to prevail is for good people to do nothing "

      Check out our No Deposit Casino and No Deposit Bingo lists.

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      wow thats brutal.  5 guys against one  ....what a bravery eh?
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      Well behaved women rarely make history! ~ Audrey Hepburn
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      After watching that video, the stock for MGM Resorts International should be plummeting! That is horrible abuse of power by the security staff! It sounds like the bar manager is also a bully ~ trying to shakedown a semi-famous kid with a little bit of money. Shame on them. 
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      Vegas Strip Dealer Caught Cheating Scam

      The judge has postponed the trial until Tuesday for an ex-dealer's guilty plea in an agreement to testify against three co-defendants accused of cheating a Las Vegas Strip casino out of more than at $1 million in craps bets.

      Former Bellagio dealer James Cooper is expected to plead guilty to charges of theft and face one-to-five years in prison.

      Bellagio Casino employee Mark Branco has posted $160,000 bail and his brother-in-law, Jeffrey Martin, has until Oct. 20 to raise $125,000 bail.

      The Co-defendant Anthony Granito is  in the hospital after having open heart surgery.

      Cooper and Branco allegedly took bets from Martin and Granito after the dice was already thrown and known and accused of  paying the men on bets they didn't win.
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      Arcade Style Gambling a New Trend

      A shift in Slot play is about to make a big change with technology that is destined to attract younger demographics.

      Recently at the Global Gaming Expo software companies showed off technology that introduced several products that focused on skill and player interaction.

      The arcade style machines will have attached game controllers influenced by hot hits like Pac-Man. The skilled based games has drawn particularly interest from the Downtown Grand Hotel & Casino in Las Vegas.

      “We want to be competitive — we want to attract the current core base of customers that other casinos have as well,” said Jim Simms, the Grand’s new chief executive, in a recent interview.
      But there’s also been a trend where slot play has kind of been declining lately. … We’re looking at building a model here that is going be a little more technology-savvy, maybe more cutting-edge than some of our competition.”

      Seth Schorr, Grand Casino chairman is also on the board of GameCo, a company that is trying to get video games for gambling off the ground.

      “As a young casino operator, as a Nevadan, I feel it’s my duty to keep Nevada relevant by making gaming more relevant to a younger demographic,” said Schorr.

      It will be interesting to see how these type of games based on skill will pay the player. Reaching a new level and generation of gamblers is the goal but that hardly excludes the mature crowd that were playing Pac Man before the younger crowd were even born.
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      Tioga Downs Approval for Full Casino



      Tioga County community of Nichols gets the green light from the New York state Gaming Facility Location Board for plans to convert to a full-scale casino. This comes after being rejected last December in the initial round of licensing awards.

      After applying to the state Gaming Commission for a license Tioga plans on a $195 million upgrade to a full service gambling facility.

      There are currently 310 full-time jobs and with the new Casino an estimated 748 and 807 jobs will be filled.


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      Guy is banned for knocking a security out cold at Horseshoe Casino in Baltimore:

      Horseshoe Casino Security Guard Attacked

      A spokes person for the casino said:  “Like any major entertainment attraction, a very small percentage of visitors to our venue fail to act in an acceptable manner. In the rare instance when this occurs, we follow a zero tolerance policy.”


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      Nova Scotia Considers Legalizing Online Gambling



      It is currently illegal to gamble online in Nova Scotia but that may all change as the government considers regulating and legalizing gambling withing the borders.

      In preparation Nova Scotia wants to collect data by conducting a provincewide online gambling poll to understand the behavior of residents who play online casino games.

      According to the Minister there Michael Samson who is responsible for the Gaming Control Act, officials want information regarding the number of Nova Scotians who gamble online.

      Samson told local media they want to gain better knowledge as to how many residents of the province play online poker, casino games and how often for real money. After this information is gathered  officials will be able to discuss and determine if it would be a good idea for online gambling to be regulated.

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      Ho's Melco Crown Entertainment Grand Opening of Studio City



      It is the launch of co-chairman and chief executive of Melco Crown Lawrence Ho's $3.2 billion Macau Casino.

      The Hollywood-themed casino and resort opening will feature Mariah Carey in a glitzy party event. 

      The opening comes at a time when Macau gambling revenue drops to five-year low however Ho doesn't show any signs of being concerned. After the launch of City of Dreams Macau that opened during the global financial crisis of 2009 flourished he has high expectations for Studio City. 

      Studio City's attractions include the virtual reality Batman-themed ride and figure-of-eight ferris wheel.

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