7579 stories by Devin O'Connor
Las Vegas Strip Casinos Report $1.95B Net Loss in 2021 Fiscal Year
Las Vegas Strip casinos were dealt a bad hand with COVID-19. Numbers released this week by the state Gaming Control Board (NGCB) reveal just how severe the pandemic's impact has been. While statewide gross gaming revenue climbed 25 percent from fiscal year...
Republicans Threaten Debate Boycott, Presidential Commission Headed by AGA Founder
The Republican National Committee (RNC) warned today that it's considering boycotting all debates sponsored by the Commission on Presidential Debates (CPD). In a letter addressed to Frank Fahrenkopf and Kenneth Wollack, co-chairs of the CPD, RNC Chair Ronna McDaniel expressed her frustrations...
Richmond Casino Rejection Latest Blow to Black Community, Mayor Claims
A $565 million Richmond casino referendum was closely rejected during the November 2021 election, with more affluent neighborhoods being cited for the project's dismissal. The mayor of the Virginia capital says the outcome was yet another disappointment to minority residents. Richmond Mayor...
Wynn Resorts COVID-19 Insurance Lawsuit to Continue After Judge Rejects Dismissal
Wynn Resorts is seeking compensation for losses incurred from operating disruptions caused by COVID-19. But its insurer is refusing to pay. The Encore and Wynn Las Vegas owner and operator brought a lawsuit last June against Factory Mutual Insurance Co. on grounds...
Macau Casino Licenses Issued in 2022 Could Include Hengqin Island Investments
Macau casino operators are set to see their coveted gaming licenses expire in June. Industry analysts at JPMorgan believe the six companies would be smart to include non-gaming investments on nearby Hengqin Island when submitting their applications for fresh concessions. Macau's June...
Crown Resorts Expected to Accept $6.5B Blackstone Offer
Crown Resorts informed shareholders yesterday that it will consider -- and likely recommend accepting -- a new offer from private equity giant Blackstone Group. The bid to acquire the casino company's assets is for A$8.87 billion (US$6.48 billion). Blackstone's nearly $6.5 billion...
Detroit Casinos Win $1.26B in 2021, Double 2020 Revenue, But Short of 2019
Detroit's three casinos won a combined $1.26 billion from their guests in 2021. This was despite COVID capacity limits during the first half of the year. MGM Grand Detroit, MotorCity, and Greektown doubled their 2020 gross gaming revenue (GGR) of $639 million....
Las Vegas Tourism Authority Approves $40M Budget for 2024 Allegiant Stadium Super Bowl
The 2024 Las Vegas Super Bowl will cost Clark County and the city around $60 million. A substantial portion of the hosting budget -- $40 million -- was approved this week by the Las Vegas Convention and Visitors Authority (LVCVA). During its...
Nevada Governor Race Heats Up, Las Vegas Sheriff Raises Record Campaign Funds
Nevada Governor Steve Sisolak (D) is up for reelection this year, and it's becoming increasingly clear who his Republican challenger will be. Sisolak won the gubernatorial race in 2018 over Republican Adam Laxalt, who served as the state's attorney general under Gov....
Virginia Casino Bill Would Block Second Richmond Vote, Allows Petersburg Gaming Plan
The Virginia casino bill signed into law by Gov. Ralph Northam (D) in 2020 allowed five cities to consider authorizing a commercial casino development to spur economic activity. A forthcoming supplemental piece of legislation seeks to add a sixth qualifying town. Virginia's...
