Singapore Casinos Find Collecting Debts from High Rollers Difficult Lending money to big time gamblers is effortless for Singapore gambling enterprises, but gathering on those debts is time-consuming and difficult. How many VIP clients who are in debt to casinos is increasing and becoming more of an issue. VIP casino customers, like Asia table tennis gold medalist Kong Linghui, are not paying back gambling debts to Singapore casinos, forcing operators to sue to reclaim their cash. Bloomberg reported that in 2013, just two customers were sued to recover cash owed, but by a year later, that number had jumped to 49. Most big shots use the solutions of junket operators, who act as facilitators for casinos, guaranteeing a specific amount […]

Golden Entertainment Buys American Casino and Entertainment, Adding Stratosphere in vegas to Gaming Portfolio Las Vegas-based gaming distributor and casino conglomerate Golden Entertainment is increasing its holdings, the company announced on Monday. Stratosphere owner American Casino and Entertainment is being snapped up by Golden for an $850 million price, which includes $781 million on the table in money, plus four million shares of the owner that is new shares back to owner. The Stratosphere has an owner that is new after Golden Entertainment bought the property along side three other resorts for $850 million in cash and stock. When the deal is completed, Golden Entertainment will own eight casino resorts in total, with the best-known coming in the sale from […]

Massive Pennsylvania Gambling Expansion Bill Passed by State House, Although Not Without Debate Pennsylvania gambling expansion is a huge point that is focal Harrisburg for more than a year, but late Wednesday night, the state’s House of Representatives finally took action on the matter. The manner in which they did so, but, is being criticized by some lawmakers. A 675-page Pennsylvania gambling expansion bill took simply hours to create its way through the House of Representatives, causing some legislators to bristle at its speedy passage. Yesterday morning, House Bill 271 was introduced by State Rep. Jason Ortitay (Allegheny County) and co-sponsored by six other Republicans and one Democrat. The measure seeks to expand gambling in greatly the Keystone State. HB […]

Las Vegas Illusionist Surrenders $975k Before Sentencing on Child Porn Charges Jan Rouven just saw another part of their life disappear on Monday, nearly $1 million from the sale of his home in nevada’s Centennial Hills neighborhood. Disgraced Strip magician Jan Rouven surrendered $975,300 to a federal court in Las Vegas on Monday, to pay for fines and victim restitution as an element of his plea bargain in a child pornography situation. The previous magician, that has headlined the ‘New Illusions’ show at the Tropicana for about couple of years before being arrested on child pornography fees in 2016, turned over most of the proceeds from the sale of his house to a federal court. The 39-year-old German-born illusionist pleaded […]