Jun 18, 2015

Phoenix-area woman quietly claims $120 million lottery prize

A suburban Phoenix woman has quietly claimed the top prize of nearly $120 million in the multistate Powerball lottery drawn earlier this month, an Arizona lottery official said on Wednesday. Maria Herrera, of Glendale, walked into lottery offices with the winning ticket last week ...

South Korea's casinos court China's 'low rollers'

May 5, 2015

South Korea's casinos court China's 'low rollers'

The dealing rooms of Seoul’s foreigners-only casinos are echoing to the sound of Mandarin as operators target a new breed of ‘low-roller’ gamblers — Chinese shoppers. The country’s casino operators are luring Chinese tourists, offering goods like free rice cookers and Apple iPads in ...

Apr 29, 2015

Casino bill resubmitted to House of Representatives

The ruling Liberal Democratic Party and two opposition parties submitted a bill to the House of Representatives on Tuesday that, if passed, would lift a ban on casinos. The LDP, Ishin no To (Japan Innovation Party) and the Party for Future Generations jointly proposed ...

Native Americans move into pot business

Feb 15, 2015

Native Americans move into pot business

What is now a damp plot of bright green grass next to a Native American greenhouse in Northern California could soon set the burgeoning marijuana industry on fire. An initial state-of-the art greenhouse measuring 10,000 square feet (930 square meters) is to be erected ...

Xi visit to Macau deals cold deck to high-rolling VIP gamblers

Dec 18, 2014

Xi visit to Macau deals cold deck to high-rolling VIP gamblers

As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world’s biggest gambling center cannot remain a one-industry town. Xi’s pervasive anti-graft campaign contributed to a disastrous year for ...

Gambling debt cripples Macau 'junket' model

Nov 30, 2014

Gambling debt cripples Macau 'junket' model

Companies that connect China’s wealthy gamblers to Macau’s casinos are waiting as long as a year for gamblers to repay billions of dollars of loans, crippling the business model of an industry that sustains the world’s biggest casino center. These “junket” businesses, which lend ...