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Phil Ivey Fighting Casino for Millions

Phil Ivey is embroiled in another sticky situation this week as he battles a UK casino for £7.3 million he won playing Punto Blanco. The private casino has returned Ivey's £1 million initial stake, but is withholding his winnings pending the outcome of an internal investigation. So far, the eight-time WSOP winner has not been accused…

Gambling in Asia Impacts Australia, Affiliates

Increased competition from the booming Asian gaming market is having a serious impact on Australian land-based casinos including over 300 layoffs at the popular Crown Casino, according to a report in the Sydney Morning Herald. In addition to the layoffs, Crown is also spending as much as $2 billion refurbishing older properties in the hope…