7590 stories by Devin O'Connor
Parq Vancouver Casino Credit Rating Downgraded, Owners Silent on Ability to Pay Debt
The owners of Parq Vancouver say the luxury casino resort in British Columbia is operationally profitable. However, after its massive debts are taken into account, there are concerns that the owners of the complex cannot afford to pay down their liabilities. As...
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 from gaming operations totaled PHP18.27 billion ($353.5...
Las Vegas City Council Approves Marijuana Consumption Lounges, Cannot Be Close to Casinos
Las Vegas City Council voted 4-1 this week in favor of allowing marijuana consumption lounges to open within the city's limits. Marijuana – a Schedule 1 narcotic under federal law – is legal in Nevada for both recreational and medicinal purposes. But...
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 will offset higher labor costs by trimming...
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 opening the $2.6 billion integrated casino property....
Hong Kong to Macau Bridge Could Soon Include World-Class Entertainment Destination on Artificial Island
The Hong Kong-Zhuhai-Macau Bridge is an architectural marvel, and with the infrastructure's authority requesting bids from developers interested in constructing a world-class entertainment destination on one of its artificial islands, the 34-mile sea crossing is set to become even more astonishing. The...
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 Court ruled the Professional and Amateur Sports...
Macau Casinos Suffer Largest Monthly Revenue Decline in Nearly Three Years, Analysts Believe Worst is Over
Macau casinos recorded their largest month-to-month gross gaming revenue (GGR) decline in nearly three years, as April win plummeted 8.3 percent, the biggest percentage drop since June 2016. The six licensed casino operators reported casino win of MOP23.59 billion ($2.92 billion). That's...
Wynn Resorts Fined $35M But Retains Boston License, CEO Maddox Must Undergo Executive Training
Wynn Resorts has been handed a $35 million fine by the Massachusetts Gaming Commission (MGC), but will retain its coveted casino license to operate its $2.6 billion Encore Boston Harbor property. The five-member MGC said in their decision that Wynn Resorts and...
Wynn Resorts Restores Free Parking for All Las Vegas Guests, as Tourism Remains Stagnant
Effective May 1, Wynn Resorts is offering free parking at its Las Vegas Strip casinos. The casino operator says self-parking will be complimentary "for all visitors, without limitation," meaning even those who aren't staying at the properties can put their car there...
