Dragon is hoping its focus on Asia will help it gain a target of more than $400 million for its initial coin offering amid concerns over a bitcoin bubble. The company will use the funds to set up digital token exchange systems for junket operators and to build a floating casino hotel that only accepts Dragon tokens.
Legislators in Greece will soon vote on whether to allow three casinos to be built in Mykonos, Santorini and Crete. If passed, the bill would also change the nation's gaming tax to a flat rate and permit the Regency Casino Mont Parnes to move into Athens proper.
Casinos along Cambodia's Sihanoukville port are benefiting from an influx of Chinese money, residents and tourists. Gov. Yun Min has visited China to woo investors and says that about half the property in the city is already rented by the Chinese.
The Mashantucket Pequot and Mohegan tribes in Connecticut asked legislators to be included in any potential gaming expansion discussions. The written request follows an effort by MGM Resorts to gain support from a Bridgeport, Conn., business group for a $675 million casino resort in the city.
MGM Resorts CEO James Murren is urging the business community in Bridgeport, Conn., to support legislation that would end the exclusive rights of the tribal operators of Foxwoods and Mohegan Sun to offer slot machines. Overturning the tribal agreement would make way for a $675 million Bridgeport casino from MGM with 160 gaming tables, 2,000 slot machines, a 300-room hotel and theater.
Iowa lawmakers have been debating whether to legalize betting for online daily fantasy sports and could consider expanding their deliberations to sports betting, depending on the Supreme Court's ruling. "I think there's a great deal of interest among people [who want] the opportunity to bet on a game and do it in a regulated environment," said Wes Ehrecke of the Iowa Gaming Association.
Junket operator Meg-Star International has cut the ribbon on a VIP gaming club at Wynn Macau with five VIP rooms and nine gaming tables. The company plans to increase its VIP gaming presence internationally and in Macau in 2018.
Aristocrat's recent acquisition of Big Fish and Plarium could earn the company's digital business more than $1.1 billion in revenue next year, according to Adam Krejcik, analyst at Eilers & Krejcik Gaming. "Following the acquisition of Big Fish, we expect Aristocrat will be the No. 2 social casino publisher worldwide," he said.
The San Felipe Pueblo renamed its San Felipe Casino in New Mexico to Black Mesa Casino this week. The name change comes as part of a $12 million rebranding and renovation push, which will also include demolishing an unused racetrack.
Penn National Gaming may decide to purchase Pinnacle Entertainment, with the former already owning most of the property in areas where Pinnacle operates its casinos. The potential move would expand Penn National Gaming's operations by 16 casinos, addressing concerns of increased competition from new gaming ventures across the country and stronger competition from names like Caesars Entertainment and MGM Resorts.