Caesars out of bankruptcy

19 Jan 2017 MDM

A federal judge in the US state of Illinois has signed off on a plan that lifts Caesars Entertainment’s operating unit out of Chapter 11 bankruptcy. It comes two years after the subsidiary filed for the court’s protection, saying it couldn’t keep up with its $18bn debt. Caesars’ main operating unit won court approval on Tuesday for a plan to shed $10bn of…

Over 1,100 slot machines seized in 2016

10 Jan 2017 MDM

Over 1,100 illegal machines were seized by customs authorities in Przemyśl in the Podkarpackie region. The Polish Press Agency (PAP) was informed by Edyta Chabowska, spokeswoman of the Przemyśl Customs Office, that 605 slot machines were seized in the region under the jurisdiction of the Rzeszów Customs Office. According to the law, slot machines can only operate in casinos. There are three…

The president signed the gambling act

09 Jan 2017 MDM

As expected, president Andrzej Duda signed the amendment to the gambling act on 28 December 2016. Information on the gambling act of 15 December 2016 and on amendments to the gambling act and other acts: The fundamental goal of the act is to reduce the 'grey economy' in the field of slot machines and online games. The act will make changes to the following…

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Casino

Caesars out of bankruptcy

A federal judge in the US state of Illinois has signed off on a plan that lifts Caesars Entertainment’s operating unit out of Chapter 11 bankruptcy. It comes two years after the subsidiary filed for the court’s protection, saying it…

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Bookmaker

I support competitive markets

We spoke to Konrad Komarczuk, chairman of the board of Fortuna online betting, about changes to the Polish gambling laws. E-PLAY: Recently, you were appointed chairman of the board of Fortuna, one of the biggest bookmaking companies in Poland. Before that,…

Lotteries

UK National Lottery reaches new record of winning tickets in 2016

Camelot, operator of the UK National Lottery, recently announced that it has given away a record number of jackpot tickets this year, totalling £862mn in winnings. In 2016, 347 players received cheques for £1 million or more, compared to 341…

Poker

Proffesional poker player demanded almost 8 million pounds

The British Supreme Court dismissed an appeal by professional poker player Phil Ivey, who has demanded £ 7.7 million of winnings from the Crockfords casino. Court representatives found that the player's use of the "edge-sorting" technique during a game of baccarat…

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