Mohegan Sun may have lost the battle for the Massachusetts casino, but that hasn’t stopped the company from bidding for a wildly ambitious $l.6 billion new project in South Korea.

The tribal gaming operator is proposing to make the country’s largest gambling resort at one of many planet’s busiest travel hubs, Incheon International Airport, close to the country’s capital town of Seoul.

The casino would function as centerpiece of an also larger development that would come with a twin-tower luxury hotel with 1,000 spaces, a 20,000-seat arena, an entertainment park, and nearly 200,000 square feet of retail, food, and activity space. The casino it self would house 50 roulette and blackjack tables, and 1,500 slot machines.

‘It’s going to be a spectacular, multifaceted destination casino resort,’ Mitchell Etess, chief administrator of the Mohegan Tribal Gaming Authority, told the Boston Globe. ‘High-rollers can get on a personal jet, land, and check right to the hotel. It’d be perfect for James Bond.’

(We wonder if Bond is still playing poker fingers such as the one that won him €115 million in the infamous Casino Royale scene where he beat out a table of flushes and complete houses with all the dubio Continua a leggere →

Competitive video games, or eSports, have seen their popularity grow by leaps and bounds in the final few years.

Online streaming sites like Twitch have made the games more available to fans, and also ESPN has broadcast a handful of championship matches in games like Dota 2 and Heroes of the Storm.

And much like any endeavor that is competitive a big fan base and lots of players and teams to follow, it didn’t take a long time before the thought of wagering on matches started to pick up steam as well.

Gambling on eSports is quickly becoming a business that is big and lots of organizations are searching to money in about what could be the next development marketplace for online betting.

Just this week, a startup that is new known as Unikrn launched a sleek site that allows players from around the world (where online sports betting is legal, at least) to wager on upcoming matches in League of Legends, Dota 2, Counter-Strike and other popular competitive games.

Unikrn Targeting Europe, Asia, Australia

Unikrn was founded in Seattle, however right now, fans into the united states of america can’t bet on matches: online sports betting isn’t appropriate generally in most of the country, and also live sports betting is fixed to just a few states.

But also for the business, that just means focusing on other markets for the full time being, with European countries, Asi Continua a leggere →

Caesars Entertainment Corp. could be subjected to millions of dollars in fines as the company attempts to settle money laundering allegations it faces from the government that is federal. The video gaming operator is currently in talks with US authorities over how to settle the claims, which could lead to a fine somewhere within the range of $12 million to $20 million.

Speaks, which are carried out involving the Financial Crimes Enforcement Network (FinCEN) of the US Department regarding the Treasury, were most recently held on April 29 and had been revealed in the business’s latest Securities and Exchange Commission filing. A federal jury that is grand in to the allegations can be ongoing.

‘The company and Caesars Palace have already been fully cooperating with both the FinCEN and jury that is grand since October 2013,’ Caesars said in its filing.

Investigation Began in 2013

Back in 2013, FinCEN first informed Caesars that it was investigating the company for so-called violations of the Bank Secrecy Act, an anti-money laundering law. At the right time, it had been unclear what, if any, penalties would emerge from the investigation.

FinCEN has long felt that casinos did a job that is poor of money laundering at t Continua a leggere →

Caesars Entertainment Corp. could be subjected to an incredible number of dollars in fines as the organization tries to settle money laundering allegations it faces from the government that is federal. The gaming operator is currently in talks with US authorities over how exactly to settle the claims, which could result in a fine somewhere into the selection of $12 million to $20 million.

Speaks, which have already been carried out involving the Financial Crimes Enforcement Network (FinCEN) of the US Department regarding the Treasury, were lately held on April 29 and had been revealed within the business’s latest Securities and Exchange Commission filing. A federal jury that is grand to the allegations can be ongoing.

‘The company and Caesars Palace were completely cooperating with both the FinCEN and jury that is grand since October 2013,’ Caesars said in its filing.

Investigation Began in 2013

Back 2013, FinCEN first informed Caesars it was investigating the company for so-called violations of this Bank Secrecy Act, an anti-money laundering law. At the time, it was unclear what, if any, penalties would emerge from the investigation.

FinCEN has long felt that casinos have done a job that is poor of money laun Continua a leggere →