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Devin O'Connor
8590 stories by Devin O'Connor
Macau Gaming Industry Feeling Pressure From Casino Markets Throughout Asia
The Macau gaming industry – the richest casino hub on the planet – could be feeling the pinch of expanded and new gambling markets in Asian countries. Gross gaming revenue (GGR) in the Chinese enclave...
Ocean Casino Resort in Atlantic City Reverses Fortunes, Owners Forecast Profit
Atlantic City's Ocean Casino Resort – formerly known as Revel, TEN, and most recently Ocean Resort Casino – has been a financial nightmare since it reopened in June 2018. But new owners say the Boardwalk...
Billionaire Phil Ruffin Interested in Buying Caesars Entertainment Las Vegas Strip Properties
Treasure Island owner Phil Ruffin has confirmed he's exploring a potential takeover of Las Vegas casino resorts currently owned by Caesars Entertainment. The 84-year-old billionaire – estimated by Forbes to be worth $2.8 billion –...
Penn National Gaming Weathers Regional Storms, Posts Record Operating Income
Regional casino operator Penn National Gaming enjoyed its best first quarter in company history, as operating income totaled $182.4 million – an increase of $10.3 million compared to the same period in 2018. The oldest...
Final Four in Las Vegas? Odds Shorten After NCAA Rescinds Ban on Championships in Sports Betting States
Las Vegas wants to bring major sporting events to town such as the Super Bowl and NCAA men's basketball tournament, and the odds of a major collegiate championship being hosted in Sin City just greatly...
‘Jeopardy!’ James Holzhauer Receives Key to Las Vegas Strip, Winning Streak at 21 Games
Jeopardy! superstar James Holzhauer describes himself as a professional sports bettor in Las Vegas. But after the last month, he'll presumably forever be known as the man who dominated his opponents and seemingly cracked the...
Philippines Casino Regulator Delivers Federal Government $170M in First Quarter Taxes
PAGCOR, the Philippines casino regulator that also operates its own gaming venues, sent $170 million in taxes to the federal government for the first quarter of 2019. The Philippine Amusement and Gaming Corporation reported income...
Caesars Entertainment Reducing Customer Comps to Offset Wage Hikes
Caesars Entertainment plans to improve its player rewards program – in the company's favor – in order to cover increased employee wages. Executives relayed during the company's first quarter conference call with investors that it...
Wynn Resorts Agrees to $35.5M Fine, Focused on Successful Encore Boston Harbor Opening
Wynn Resorts will pay the $35.5 million in fines levied by the Massachusetts Gaming Commission (MGC) to keep its operating license for Encore Boston Harbor. Company officials say they're now focused on moving forward and...
Legalized Sports Betting Providing Financial Boost to Sports Radio, Ad Revenue Expected to Increase
With legalized sports betting expanding across the US, one of the largest radio companies in the country says the expanding gambling activity is providing an economic boost to its industry. Last May, the US Supreme...
