Macau Govt. won’t allow ‘satellite casinos’ to reopen amid draft law change that would enable casino spaces rental from non-licensees

At the Macau Legislative Assembly plenary session on Monday, the Secretary for Economy and Finance, Lei Wai Nong, said that closed satellite casinos will not be permitted to reopen, despite the government’s recent U-turn in a legislative amendment that would allow gambling concessionaires to rent casino spaces from non-licensees. However,Continue Reading

Nevada: Several major real estate deals including Strip casinos reportedly resulted in lost transfer taxes due to 2007 law change

Some of Las Vegas’ biggest real estate deals have resulted in no transfer taxes, an investigation by Las Vegas Review-Journal found. At least $27.5 billion worth of transactions, mostly on or near the renowned Strip, have closed since 2007 without publicly reporting tax payments routinely levied on home purchases. The dealsContinue Reading

Kansas Governor Signs Sports Betting Bill Into Law

Regulated online sportsbooks are coming soon to the state of Kansas. On Thursday, Kansas Gov. Laura Kelly, a Democrat, put her signature on the state’s sports betting bill, which will allow both in-person and online betting. Sportsbooks are expected to launch later this year during the upcoming college and NFLContinue Reading