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  • Sri Lankan Government Approves 3 Casino Projects
    Dec 21 2013

    Sri Lankan Government Approves 3 Casino Projects

    The Sri Lankan government has approved the development of three controversial casino projects. The government gave the go-ahead to a $350 million casino resort being planned by James Packer. It has also approved a $650 million casino project by local conglomerate John Keells Holdings as well as a $300 million gaming facility proposed by Sri

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  • Oxford Casino to Complete Expansion by New Year’s Eve
    Dec 21 2013

    Oxford Casino to Complete Expansion by New Year’s Eve

    The Oxford Casino in Maine has announced that its expansion will be complete in time for New Year’s Eve celebrations. The expansion will add 58 slot machines and four table games, including two for high-stakes players, to the casino floor. The expansion was announced in August just after Churchill Downs Inc. finalized its purchase of

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  • Illegal Gambling Ring Hired MMA Fighters as Debt Collectors
    Dec 21 2013

    Illegal Gambling Ring Hired MMA Fighters as Debt Collectors

    A man from Brooklyn hired two mixed martial arts fighters (MMA) to help him collect debts from poker players for a $100 million gambling racket linked to Russian mobsters. According to federal prosecutors Kirill Rapoport threatened violence in order to force losers to pay up. Rapoport has pleaded guilty to running poker games in Manhattan

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  • China’s Largest Bitcoin Exchange Stops Accepting Deposits
    Dec 21 2013

    China’s Largest Bitcoin Exchange Stops Accepting Deposits

    In another major blow to Bitcoin, due to China’s clampdown on the virtual currency, the country’s largest exchange has stopped accepting deposits. BTC China announced this week that it could no longer take deposits in Chinese Yuan. At the same time the exchange’s third-party payment service said that it would not be accepting customers’ deposits.

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