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 […]
Baton Rouge’s three riverboat casinos brought in more money in October than they did the year before, with all the properties posting gains over 2013 figures. The riverboats brought in nearly $21.8 million in October, compared with almost $21.4 million in October 2013, a 1.9 percent gain, according to figures released Thursday by State Police. […]
Maine’s two casinos support nearly 1,500 jobs in the state, pay about $83 million in taxes, and last year had a total economic impact of $227 million, according to a study released by the American Gaming Association on Thursday. “This research reveals a vast industry that boosts local communities across Maine by supporting jobs and […]
Ohio’s casinos and racinos were responsible for $2.2 billion of the state’s economy in 2013, according to a new study commissioned by the American Gaming Association. And that number is expected to increase this year with the opening of additional racinos. The gambling venues were responsible for about 7,500 jobs and generated $672.5 million in […]
(AP) — A new report funded by the American Gaming Association says Maine’s two casinos have created nearly 1,500 jobs. The report conducted by Oxford Economics suggests Maine’s unemployment rate would rise from 5.8 percent to 6.4 percent without the casinos in Oxford and Bangor. The figure of 1,500 jobs includes about 800 direct jobs, […]
BOSTON — Millions of dollars in gambling money will begin flowing into local government coffers in earnest now that the state’s casino law survived an Election Day repeal effort. In western Massachusetts, MGM Resorts International is expected to make its first payments to Springfield under the host community agreement negotiated for its proposed $800 million […]