Canada: Gateway reportedly ditching new M project in Ontario to invest at existing venue

According to local news, Gateway Casinos and Entertainment Ltd. is reportedly not going to move forward with its planned $75 million casino on Wonderland Road, in London, Ontario. Allegedly, the group will instead make a multimillion-dollar investment at Western Fair to expand its current operations. However, Walt Spivak, owner ofContinue 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

Rupert Murdoch’s News Corp reportedly in final stages to launch sportsbook with Matt Tripp and Tekkorp

Media conglomerate News Corp Australia is finalizing plans to launch bookmaking operations this year in partnership with a consortium linked to experienced gambling entrepreneur Matthew Tripp, former CEO of BetEasy and CrownBet. The businessman would serve as chief executive of the business, reports local media. The Australian giant, owned byContinue Reading

Nevada and Indiana regulators reportedly reviewing Barstool and Penn National over allegations against Portnoy

Nevada and Indiana gaming regulators are looking into Penn National Gaming‘s bid to acquire Barstool Sports amid sexual misconduct allegations against Barstool founder Dave Portnoy, The Wall Street Journal reported.  Nevada Gaming Control Board Chairman J. Brin Gibson stated Thursday that it launched a probe into Barstool Sports and PennContinue Reading