7584 stories by Devin O'Connor
MGM Resorts Pledges $1M to Employee Emergency Fund, Donates 400K Meals
MGM Resorts has recently been a favorite target of critics because of the company's "2020 Plan" that included more than 1,000 layoffs, as well as its ever-escalating resort fees. But during times of crisis, the casino operator has made a habit of...
Nevada Forecast to Lose 66K Jobs from Pandemic, State Projected As Hardest Hit
Nevada is expected to see the largest percentage of its workforce reduced because of the COVID-19 pandemic. The Economic Policy Institute (EPI) says in its job-loss projections report that Nevada stands to lose 5.3 percent of its private-sector workforce, or 66,656 jobs....
Brazil Casino Bill Introduced, Would Allow Gaming Resorts in Amazonas
Brazil is once again discussing the legalization of casinos. This time, a federal lawmaker representing Amazonas is introducing a measure to bring gaming to South America's largest country. Federal Deputy Alberto Neto has put forward bill PL 585/2020. The legislation seeks to...
Recession? Depression? Political Bettors Forecasting Gloomy US Economy
The odds on a recession occurring in the United States continue to shorten, as the coronavirus pandemic further batters stocks markets and economies around the world. The online political betting exchange PredictIt has a market regarding the odds of a US recession...
Virginia Casinos Remain Attractive to Gaming Operators Despite Pandemic
As many as five Virginia casinos would be one major step closer to realization should Gov. Ralph Northam (D) sign legislation approved by the General Assembly that earmarks a land-based gaming venue for Bristol, Danville, Portsmouth, Richmond, and Norfolk. Virginia has attracted...
Las Vegas Casinos Leading Charitable Response to Pandemic, Gaming Industry Assisting Communities
Las Vegas casinos are stepping up to the plate to plate food for those in need during the global health emergency. Day by day, new reports are coming in regarding casino operators donating food and supplies to their local communities. With all...
National Indian Gaming Association Commends Tribes for Shuttering Casino Operations
National Indian Gaming Association (NIGA) Chairman Ernest Stevens says the COVID-19 pandemic sweeping the globe has caused "unprecedented times." In a letter to the 184 Indian Nations that conduct gaming, Stevens commended their response to the coronavirus. The American Gaming Association (AGA)...
Vote to Change Atlantic City Government Postponed, Referendum Backed by Casino Power Players
The Atlantic City government referendum vote that, if passed, would change how the town administers itself, is being postponed because of the COVID-19 pandemic. The special election was slated for March 31. But with the state on lockdown, the referendum vote is...
Casino Tycoons Have Lost Billions During Coronavirus Stock Market Panic
The COVID-19 disease has caused global stock markets to plummet, and in the US, the sell-off has caused many casino billionaires to lose a considerable portion of their vast fortunes. Sheldon Adelson, the chairman and CEO of Las Vegas Sands, has an...
Gaming Industry Analyst Says Tumbling Casino Stock Prices Presents Buying Opportunity
Casino stock prices have plummeted in recent weeks because of the COVID-19 pandemic. But one gaming industry analyst believes the bottom has been reached, and now is the time to buy. Bank of America analyst Shaun Kelley has buy ratings for Wynn...
