8322 stories by Devin O'Connor
Estate of MGM Resorts Founder Kirk Kerkorian Sells Remaining Stake in Casino Giant
MGM Resorts no longer has any financial ties to its founder, Kirk Kerkorian, after the late billionaire's estate divested its remaining shares in the casino operator. MGM announced Monday that Tracinda Corp – Kerkorian's holding company that serves as his trust for...
Wynn Resorts Restores Free Valet Parking on Las Vegas Strip, Small Win For The People
Wynn Resorts is bringing back free valet parking at its two Las Vegas properties, a move that comes following much public hysteria regarding Strip casinos nickel-and-diming guests. Wynn Resorts restored free self-parking at its Strip casinos on May 1. Effective at midnight...
Philippines Offshore Gaming Operators Face Shutdown Unless Appropriate Taxes Paid
Philippines Offshore Gaming Operators (POGOs) that are found in violation of paying the federal government their appropriate share of gaming revenue taxes will be shuttered immediately. That's the word from the Philippines Department of Finance, which is spearheading the country's crackdown on...
Macau Casinos Deliver Enclave Government $9.5B in Tax Revenue Despite Recession
Macau casinos generated MOP75.32 billion ($9.5 billion) in tax revenue for the local government in the eight months completed in 2019. That's a 1.5 percent gain on the same period in 2018. The uptick comes despite Macau gross gaming revenue (GGR) being...
Goldman Sachs VP in India Charged with Theft, Allegedly Used Stolen Funds to Pay Down Online Poker Debt
A Goldman Sachs executive working at the financial firm's office in Bengaluru (also known as Bangalore), India has been arrested and charged with swindling money from the company to pay down his gambling debts. Bengaluru Police were tipped off to the alleged...
Las Vegas Casinos Tone-Deaf on Resort and Drink Fee Outrage, Daily Housekeeping Could Soon Checkout
Las Vegas resort fees are the ire of many guests, now reaching as high as $45 per day at luxury Strip properties, including The Venetian and Palazzo, Wynn and Encore, and Bellagio and Aria. Along with the seemingly never-ending resort fee increases,...
Macau Anniversary Celebration Could Inhibit Casino Win, But 2020 Promising
The 20th Macau anniversary celebration this December to commemorate the enclave's return to China could impede general tourism and subsequently hurt casino revenues. Comments this week from MGM China CEO Grant Bowie relayed by Asian gaming media outlet GGRAsia reveal the executive...
Trade Tariffs Between US and China Threaten Las Vegas Casino Construction Projects
New trade tariffs between the United States and China possess a grave threat to billions of dollars worth of planned construction projects across Las Vegas and Southern Nevada. Beginning October 1, President Donald Trump will increase tariffs on $250 billion worth of...
Ohio Gaming Industry Reports Monthly Gain, Casinos Win $164.3M in August
The Ohio gaming industry enjoyed a strong final full month of the summer, as the state's casinos and racinos collectively won $164.3 million, a 4.2 percent gain on August 2018. The Buckeye State is home to four commercial casinos and seven racino...
Former Las Vegas Convention Executive Rossi Ralenkotter Charged With Felonies Over Gift Card Scandal
The former Las Vegas Convention and Visitors Authority (LVCVA) chief executive faces two felony charges for his alleged role in a scandal involving the improper distribution of $90,000 worth of Southwest gift cards. Rossi Ralenkotter served as CEO of the LVCVA from...
