Casinos pumped $1.38 billion into the Maryland economy last year and supported almost 8,000 jobs, a new gaming industry study found. The American Gaming Association study released Monday examined the impact on the state economy in 2013, before the state added its fifth casino or collected an entire year’s worth of table game revenues. Rob […]
Maryland’s fast-growing casino industry injected $1.4 billion into the state economy and supported nearly 8,000 jobs in 2013, according to an industry-funded study released Monday. The casino industry also generated $359 million in income and pumped $543 million in tax revenue into state coffers, concluded researchers from Oxford Economics, a forecasting firm based in Oxford, […]
Monitoring casino floors for potential money-laundering is a full-time job for the American gaming industry. Casinos, like banks and other institutions that deal with a lot of money, are required by law to vigilantly look out for financial transactions that may be illegal. And a first of its kind report from the industry’s Washington, D.C.-based […]
Visitors to Colorado’s 39 casinos in three mountain towns fueled $1.5 billion of economic activity in 2013. A study by Oxford Economics released Thursday — part of a state-by-state survey of gambling’s economic impact by the American Gaming Association — showed Colorado’s non-tribal casinos supported more than 10,000 jobs and generated $342 million of state and local tax revenue […]
LAS VEGAS (AP) — A gambling industry group says it’s drafted a first-of-its-kind guide to help casinos prevent money laundering. The American Gaming Associationreleased its best practices Thursday to help casinos and Internet gambling sites comply with anti-money laundering laws. Casinos generally have their own plans but the group says there hasn’t been an industry-wide guide until now. Among […]
Washington, DC –The American Gaming Association (AGA) today released a comprehensive set of Anti-Money Laundering (AML) Best Practices to guide the efforts of casinos to protect the U.S. financial system and our national security from money laundering and other forms of illicit finance. The AGA’s Best Practices for Anti-Money Laundering Compliance are the result of more than a […]
Advocates of the MGM Resorts International casino in Springfield might suggest that benefits to outlying communities should be based on how heavily their voters supported the project in November. That is not how the money is apportioned, of course. Surrounding cities and towns will begin receiving financial aid related to the impact on them, as required by […]
As MGM Resorts Internationalworks to obtain all the necessary permitsto begin breaking ground in early 2015 for its $800 million Springfield casino, the company is also preparing to shell out nearly $2 million to eight Western Massachusetts communities on Friday, Dec. 5. The surrounding community agreements, as required by the 2011 Expanded Gaming Act, called […]
NIAGARA FALLS — When it comes to any casino, or gaming in general, there really isn’t such a thing as a “sure bet.” Associates at the city’s two casinos — Fallsview Casino Resort and Casino Niagara — and the United Way of Niagara Falls and Fort Erie may beg to differ, however. When the dust […]