7579 stories by Devin O'Connor
‘SLOT Act’ Seeks to Increase Jackpot IRS Threshold to $5K
Federal legislation introduced today by leaders of the Congressional Gaming Caucus would greatly increase the amount of money needed to be won on a slot machine spin to trigger an IRS report. Creatively named the SLOT Act -- or "Shifting Limits on...
Fontainebleau Las Vegas Renderings Released, Project Highlights Strip Developments
Fontainebleau Las Vegas is on track to open sometime in the fourth quarter of 2023. Koch Industries' real estate investment arm acquired the 67-story towering blue structure a little more than a year ago for an undisclosed price. The acquisition was made...
Wynn Resorts Folds on Digital Marketing Spend in Favor of Affiliate Model
Wynn Resorts officials told Nevada gaming regulators yesterday that the company has greatly changed its marketing strategy as it relates to its digital gaming unit. Wynn Resorts Senior VP and Treasurer Vincent Zahn provided insights into how its digital unit is being...
BTS Las Vegas Shows Sell Out, Casino Hotel Room Rates Skyrocket
Korean boy group BTS is coming to Las Vegas. And the hysteria surrounding the arrival of the pop sensations resulted in each of the four planned concerts at Allegiant Stadium selling out before Ticketmaster could even open the sale to the general...
The Venetian, Palazzo Las Vegas Employees to Participate in ‘Value Creation’
Workers at The Venetian and Palazzo sister casino resorts on the Las Vegas Strip are being offered what's believed to be the first-of-its-kind revenue-sharing arrangement with the property's new operator. New York-based Apollo Global Management, a private-equity giant with a long history...
President Joe Biden State of the Union Improves 2024 Reelection Odds
President Joe Biden delivered his first State of the Union address before Congress last night. And the speech convinced some political bettors that the 46th commander-in-chief can win a second term. Biden's SOTU comes at a most perilous moment, as Russia's invasion...
Nevada Esports Technical Advisory Committee Holds Inaugural Meeting
The Nevada Esports Technical Advisory Committee was formed last year through legislation passed and signed by Governor Steve Sisolak (D). The eight-person committee met for the first time this week to discuss how the state might regulate wagering on the popular video...
Scientific Games Rebranding to Light & Wonder Garners Mixed Reviews
Scientific Games will soon be no more. The Las Vegas gaming manufacturer announced during its full-year 2021 earnings report that the company is undergoing a major rebranding to Light & Wonder. After selling off its lottery and sports betting businesses last year...
West Virginia Casino Bill to Authorize Satellite Venues Passes State Senate
West Virginia senators lent their support today to legislation seeking to expand the state gaming industry. Senate Bill 100 was introduced last month by state Senator Eric Nelson (R- Kanawha). The statute would allow each of the five commercial casinos in West...
European Gaming Industry Thrust Into Ukraine-Russia Conflict, as Cyber Warfare Intensifies
Europe's gaming industry certainly hasn't been immune from Russia's invasion of Ukraine. Numerous countries have assisted in Ukraine's defense. The US, Germany, and Italy are among a few notables that have lent weapons. Ukraine is also being assisted with financial contributions from...
