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Penn National Stock Has Penchant for Memorial Day Week SlumpsWritten by: Todd Shriber

The Memorial Day trading week for US equity markets commences on Tuesday, May 31 as exchanges are closed Monday in observance of the holiday. With the holiday shortened trading week beckoning, there are some trends to consider, including on that pertains to Penn National Gaming (NASDAQ:PENN). Put simply, over the past decade, the regional casino
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888 Takes “Control Centre” Safe Gambling Product to ItalyWritten by: Erik Gibbs

As responsible gaming continues to be at the height of all gambling discussions around the world, 888 Holdings is taking a proactive stance. The gaming operator already manages a safe gambling product, Control Centre, in several jurisdictions, and is adding Italy to the growing list. Italy is one of the group’s main regulated markets. The
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California Teachers Union Opposes Online Sports Betting MeasureWritten by: Steve Bittenbender

The California Teachers Association (CTA), one of the largest public-sector unions in California, has come out against the proposed referendum to legalize online sports betting in the state. The labor organization announced earlier this week it would oppose the measure offered by seven national sportsbooks. Those sportsbooks have pledged $100 million to promote “Californians for
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Former Malta Gaming Authority Exec in Court on Money Laundering ChargesWritten by: Erik Gibbs

Jason Farrugia has had his first day in court and it didn’t go well. The former chief technology officer for the Malta Gaming Authority (MGA) can’t escape allegations he misused sensitive data and facilitated money laundering. 34-year-old Farrugia resigned from his job last December after 10 years after the MGA caught him manipulating the regulator’s
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Rhode Island Casino Workers, Union Want Indoor Smoking ExtinguishedWritten by: Devin O’Connor

Rhode Island casino workers and the primary union that represents them have come out in support of ending indoor smoking at the two Bally’s properties. Rhode Island’s Public Health & Workplace Safety Act went into effect in March 2005. The law prohibits indoor tobacco use in most public places, but provides exemptions for certain businesses.
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Costa Rica to Consider Using Casino Tax Revenue to Train Law EnforcementWritten by: Erik Gibbs

A Costa Rican lawmaker wants to give the country’s law enforcement officers more education in police activity. To that end, he submitted a bill that would redirect gaming taxes to fund their training. Assemblyman Gilbert Jimenez submitted to the Costa Rican Congress this week a project to change the destination of the tax funds casinos
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Osaka IR Challengers Try to Force Government ReferendumWritten by: Erik Gibbs

Osaka’s determination to host an integrated resort (IR) is unwavering. Attempts to block the effort already met defeat, but a citizen’s group is going to try once again to force a referendum on the issue. Yesterday, a private citizen group announced that it had received more signatures than required to request a formal referendum against
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Mirage Volcano Preservation Effort Is About Saving Las Vegas Strip MemoriesWritten by: Ed Silverstein

This Memorial Day weekend could be one of the last holidays to watch the faux volcano explode in front of The Mirage. The Las Vegas Strip iconic attraction could soon be dismantled. Memories tied with it may fade, too, unless preservations succeed in their effort. So far, 6,343 people who support keeping the volcano in
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Spain to Issue Grants for Gambling Harm ResearchWritten by: Erik Gibbs

Compared to many other countries, Spain has a very low percentage of problem gamblers. Still, the country wants to investigate gambling harm more, and will soon accept bids from research candidates. Yesterday, the government set the regulatory bases for the granting of subsidies for the development of research activities related to the prevention of gambling.
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Santa Ana Illegal Gambling Joints Raided, Multiple Arrests in CaliforniaWritten by: Ed Silverstein

California authorities have broken up several illegal gambling dens in Santa Ana as part of a far-reaching investigation. Suspects now face charges in connection with the recent raids. A total of nine suspects were either apprehended or are still being sought on gambling charges or related crimes, such as extortion and drug trafficking, feds revealed
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