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Resorts World Catskills struggling financially: report

Guests play the slot machines at Resorts World Catskill Casino in Monticello in February. 15, 2018 Resorts World Catskill Casino holds their grand opening. John Meore/lohud A dealer cuts the cards at a blackjack table at Resorts World Catskill Casino in Monticello in February. CONNECT TWEET LINKEDIN 2 COMMENTEMAILMORE Resorts World Catskills, the $1 billion casino that opened in February, incurred a $58 million loss in the first six months of the year, including $37 million in the last three months. Recent financial disclosures by the casino’s owner, Empire Resorts, to the U.S. Securities and Exchange Commission shows the depth of the financial woes facing the new casino that is hoped to be a boon for the once-thriving tourist region.

For the original version including any supplementary images or video, visit https://www.poughkeepsiejournal.com/story/news/local/2018/08/15/resorts-world-catskills-struggling-financially-report/999224002/

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Australia's Crown casino fined for 'blanking' slot machines

The entrance of Crown Casino in Melbourne The penalty given to Melbourne's Crown casino is believed to be the largest of its kind issued by regulators in Australia, anti-gambling advocates say. Regulators found that buttons had been covered up on the slot machines, known locally as poker machines or pokies. Crown has been hit by other damaging allegations in recent times. The Victorian Commission for Gambling and Liquor Regulation (VCGLR) said the casino had used "blanking plates" on 17 machines during a trial programme last year, meaning that gamblers were left with only maximum and minimum options. "This is the largest fine the commission has issued to Crown and reflects the seriousness with which it considers the matter," it said in a statement. Gamblers lose more money per head in Australia than in any other nation. Australia's escalating gambling addiction The regulator acknowledged that the trial had not affected the ratio of returns to gamblers, and that the casino had not deliberately intended to breach laws. However, it said the penalty should deter casino operators "from varying machines without approval". Crown had previously denied altering its machines, before admitting to doing so during a three-week period. "While Crown Melbourne's position throughout this process was that the Gaming Machine Trial did not require the prior approval of the Commission, Crown Melbourne respects the Commission's decision, which brings this process to a close," it said in a statement on Friday. Last year, MP Andrew Wilkie presented whistleblower statements to parliament which alleged the casino had altered its machines and breached player regulations.

For the original version including any supplementary images or video, visit https://www.bbc.com/news/world-australia-43916868