7955 stories by Devin O'Connor
Las Vegas Gaming Revenue Down 3.25 Percent in First Quarter, Sportsbooks Set Handle Record in March
Las Vegas casinos won 3.25 percent fewer gaming dollars in the first three months of the year than they did in 2018. Strip area gross gaming revenue (GGR) totaled $1.67 billion January through March, a loss of roughly $56 million. Statewide, casinos...
New Jersey Gaming Regulators Mulling Whether Nine Atlantic City Casinos is Market Saturation Point
Gaming regulators in New Jersey are trying to determine if Atlantic City, a nine-casino town since last June, has reached its market saturation point. If the market is indeed at its saturation point, regulators could cap licenses in an effort to afford...
Justice Department: Lotteries Not Immune From Wire Act, But DOJ Says ‘No Credible Threat of Prosecution’
The US Department of Justice (DOJ) said in a federal court filing Thursday that state lotteries and interstate games such as Mega Millions and Powerball are not exempt from the legal interpretations of the 1961 Wire Act. The New Hampshire Lottery Commission...
MGM Resorts Announces 254 Managerial Layoffs Days After Being Named to ‘Best Large Employer’ List
MGM Resorts is terminating 254 managers, as Nevada's largest employer continues to cut overhead in an effort to save $100 million by the end of the year. The Las Vegas Review-Journal says a memo was released Thursday to employees notifying them of...
Harrah’s New Orleans Expected to Receive 30-Year License Extension in Exchange for $325M Investment
Harrah's New Orleans, the only land-based casino in Louisiana, is expected to receive a 30-year license extension from the state before the legislature adjourns in June. But under the current legislation being pushed through, it will come at a hefty cost. House...
Historical Horse Racing Goes Live at Virginia’s Colonial Downs, Slot-Like Machines Attract Large Crowd
Historical horse racing (HHR) went live Tuesday at the Colonial Downs racetrack in New Kent, Virginia, and the slot-like gaming devices spurred hundreds of patrons to the opening day festivities. An estimated 500 people arrived at the horse racetrack centrally located between...
Pro Sports Bettor James Holzhauer Wins 14th ‘Jeopardy!’ Game, Quickest to $1M in Show History
Jeopardy! player James Holzhauer has won 14 consecutive games – and along with a myriad of single-day winning records – now has the distinction of being the quickest player to win more than $1 million on the television trivia show. It's officially...
New Jersey Retaining Control of Atlantic City Governance Through 2021
The New Jersey government will retain control of Atlantic City through 2021. That comes despite Governor Phil Murphy's (D) campaign promises that his administration would hand back governance to local leaders. On Tuesday, Lt. Gov. Shelia Oliver (D) revealed the state will...
City of Dreams Targeting Expansion in Philippines Despite Country’s New Casino Ban
A major investment firm in the City of Dreams brand reveals that the casino group wants to expand in the Philippines with a new gaming property. Premium Leisure Corp (PLC), an investment holding company focused on the gaming industry in the Philippines,...
Wynn Resorts Donates $1M to Massachusetts Charities, as State Gaming Regulators Mull Encore Boston Fate
Wynn Resorts has donated more than $1 million in total to numerous charities in Massachusetts. The gifts come as state gaming regulators continue mulling whether Wynn Resorts remains suitable to hold a casino license for its $2.6 billion Encore Boston Harbor. The...
