News

‘Corporate arrogance’: Crown Sydney is ‘not suitable’ to hold a casino licence, an inquiry has found

The Bergin report has found that Crown Resorts is not suitable to “give effect to the Barangaroo restricted gaming licence” after money laundering revelations. The 18-month inquiry cumulated in recommendations that the company board go under a restructure to give authorities confidence that further possible breaches of anti-money laundering legislation […]
‘Corporate arrogance’: Crown Sydney is ‘not suitable’ to hold a casino licence, an inquiry has found
Markets

Barstool Sports could drive ‘rapid share gains’ for Penn National Gaming and help drive the stock 20% higher, according to Goldman Sachs

David Portnoy’s Barstool Sports could drive “rapid share gains” for Penn National Gaming and help drive shares 20% higher from Wednesday’s close, according to Goldman Sachs. The research firm initiated Penn National at a buy with a 12-month price target of $US60 on Thursday, arguing that Barstool’s massive social media […]
Barstool Sports could drive ‘rapid share gains’ for Penn National Gaming and help drive the stock 20% higher, according to Goldman Sachs
Strategy

9 scandals that rocked the gambling industry

Over the years, casinos in Las Vegas and beyond have been fleeced for millions of dollars in cheating scandals. While some cheats managed to evade casino security for years, most found their way to a jail cell. Here are nine scandals that rocked the gambling industry. Visit Business Insider’s home […]
9 scandals that rocked the gambling industry
Strategy

9 tricks casinos use to keep you spending your money

Every aspect of a casino is designed to lead people into spending more money. Casinos use sounds, lights, and physical design to create an environment that is at once welcoming yet hard to step away from. Here are nine tricks casinos use to keep you spending your money. Visit Business […]
9 tricks casinos use to keep you spending your money
Lifestyle

The life of Sheldon Adelson, the late casino billionaire behind The Venetian and Marina Bay Sands, who donated more than $120 million to Republican causes in 2020

Sheldon Adelson, the billionaire casino magnate and Republican donor, died on January 11 at the age of 87. Adelson, who was chairman and majority shareholder of the world’s largest casino operator, Las Vegas Sands, was worth an estimated $US33 billion in January 2021 before he died, per Bloomberg’s Billionaires Index. […]
The life of Sheldon Adelson, the late casino billionaire behind The Venetian and Marina Bay Sands, who donated more than $120 million to Republican causes in 2020