7893 stories by Devin O'Connor
MGM China CEO Grant Bowie Confident in Macau Despite US-China Trade War
MGM China CEO Grant Bowie told reporters this week that he remains bullish on Macau's economy and gaming industry despite the ongoing trade war between the United States and China. Speaking with reporters at the Nam Van Lake Nautical Center where regional...
Gaming Industry CEOs Receive Reduced Pay in 2018, as Stocks Tumbled in Second Half of Year
The CEOs of the gaming industry's largest players in the US saw their salaries decrease last year, as their stocks took a hit in the latter half of 2018. The Las Vegas Review-Journal reports that five of the six examined companies paid...
Atlantic City Casinos Win $250.7M in April, MGM Resorts Developing Marina District Condos
Atlantic City casinos won more than $250.7 million in land-based, online, and sports betting gross gaming revenue (GGR) last month, which is a nearly 17 percent year-over-year gain. The beachfront town's nine brick-and-mortar casinos reported GGR of $207.58 million from slots and...
MGM Resorts Officially Announces Japan IR Partnership With Orix
The first Japan IR (integrated resort) consortium has officially been unveiled, and comes from MGM Resorts and financial services firm Orix. News of the partnership surfaced in late March, but it was only this week that MGM Japan CEO Ed Bowers officially...
Blackstone Planning IPO for Spanish Casino Giant Cirsa, Private Equity Group Invests in Superbet
The Blackstone Group, one of the world's largest private equity firms that has long been invested in the gaming industry, is considering an IPO offering for its Spanish casino giant Cirsa. The New York-based asset management and investment firm acquired Cirsa in...
US Gaming Industry Exposure to China Drives Stocks Down Amid Trade War
The US gaming industry is feeling the consequences of the escalating trade war with China, as both countries impose hundreds of billions of dollars in tariffs. With China unwilling to compromise on a trade deal with the US, President Donald Trump elevated...
Tiger Woods PGA Championship Favorite, 15-Time Major Winner at 10/1 to Win at Bethpage Black
Tiger Woods arrives on Long Island, New York, this week as the Las Vegas favorite to win the 101st PGA Championship. Played at Bethpage State Park's Black Course, the 15-time major winner is at 10/1 to hoist the Wanamaker Trophy come Sunday...
Macau Official Says Enclave Government Considering New Gaming Licenses
The Macau government is considering issuing new gaming concessions through a public tender process that could expand the number of casino operators throughout the enclave. Macau Secretary for Economy and Finance Lionel Leong Vai Tac broke the news to GGRAsia, the online...
Wynn Resorts Contemplating Appeal Over $35.5M Fine Levied by Massachusetts Gaming Commission
Wynn Resorts officials say they are reviewing an appeal of their $35.5 million in fines issued against the company by the Massachusetts Gaming Commission (MGC). The state gaming regulator announced the fines earlier this month for the company's alleged failure to properly...
2020 NFL Draft in Las Vegas Spikes Hotel Rates, Strip Rooms Soar More Than 1,000 Percent
If you're interested in attending the 2020 NFL Draft in Las Vegas, be prepared to shell out some major bucks for a hotel room. The Hard Rock is already sold out, and rooms are going quickly along the Strip. Demand is of...
