Author page: Ace Highman

Demolition is set to commence on Tuesday for Bally’s permanent casino and hotel complex in Chicago. The project, located at the former Chicago Tribune publishing site in River West, marks a significant milestone in the city’s gaming landscape. Bally’s has secured a $940 million funding agreement with Gaming and Leisure Properties to support the development,…

In a significant regulatory action, Australia’s largest gambling company, Tabcorp, has been fined $4.6 million by the Victorian Gambling and Casino Control Commission (VGCCC). This penalty comes after extensive investigations revealed multiple breaches of the state’s gambling code, highlighting systemic failures within the company. The VGCCC’s decision underscores the importance of compliance and responsible gambling…

Royal Caribbean has announced a new policy requiring casino winners to pay a deposit for their free cruises. This change aims to reduce the number of no-shows and last-minute cancellations, which have been problematic for the cruise line. Starting September 5, 2024, winners will need to pay a $200 deposit, which will be converted into…

The Grand Island Casino in Nebraska has become a significant contributor to reducing county taxes. The casino’s earnings have allowed Hall County to lower the tax burden on property owners, providing much-needed relief. This initiative is part of a broader effort to utilize casino revenues for public benefit, showcasing the positive impact of gaming on…

Colombia’s online gambling industry has emerged as a significant driver of economic growth in the second quarter of 2024. The sector has contributed to a 2.1% increase in the country’s Gross Domestic Product (GDP), highlighting its growing influence on the nation’s financial health. The National Administrative Department of Statistics (DANE) identified online gambling as one…

In a significant move, MGM Resorts International has appointed Keith Barr, the former CEO of IHG Hotels & Resorts, to its Board of Directors. Barr, a globally recognized leader in the hospitality industry, brings over 30 years of experience to the table. His appointment is expected to provide valuable insights and guidance as MGM Resorts…

In a remarkable achievement, Michigan’s iGaming sector reported a revenue of $191.4 million in July 2024, marking its fourth-best month ever. This impressive figure highlights the steady growth and popularity of online gaming in the state. The revenue for July saw a significant increase of 4.5% from June’s total of $183.2 million and a substantial…

New Jersey’s gaming industry experienced a mixed performance in July 2024, with Atlantic City’s brick-and-mortar casinos reporting a decline in revenue. Despite the overall growth in total gaming revenue, the traditional casino sector faced challenges, highlighting the shifting dynamics within the industry. The New Jersey Division of Gaming Enforcement revealed that the gross gaming revenue…

FansUnite Entertainment Inc. has successfully completed the sale of its Betting Hero business to Hero Group Corp. for an aggregate purchase price of US$37.5 million. This transaction marks a significant milestone for FansUnite, as it aims to streamline its operations and focus on core business areas. The sale also includes a distribution of a portion…

NorthStar Gaming Holdings Inc. has announced record-breaking financial results for the second quarter of 2024. The company reported significant increases in wagers, revenue, and gross margin, showcasing its robust growth and strategic success. NorthStar’s total wagers reached $225.5 million, a 41% increase from the previous year. Revenue soared to $7.5 million, marking a 61% rise,…