7664 stories by Devin O'Connor
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...
MGM Resorts Stock Drops on Q1 Earnings, Company Focused on ‘2020 Plan’ and Job Cuts
MGM Resorts shares on NASDAQ fell this week after the company revealed its quarter one earnings that came in far below expectations. The consensus among Wall Street analysts called for Q1 adjusted earnings per share of 23 cents. The casino operator reported...
Wynn Resorts’ Encore Boston Harbor Fate May Come Down Wednesday
Encore Boston Harbor, Wynn Resorts' $2.6 billion integrated casino resort in Everett, could see its fate determined as early as tomorrow by state gaming regulators. The five-member Massachusetts Gaming Commission (MGC) wrapped three days of hearings earlier this month into the suitability...
Deputy Attorney General Rod Rosenstein Resignation Could Impact Wire Act Outcome
Deputy Attorney General Rod Rosenstein has submitted his letter of resignation to President Donald Trump, and his exit could reshape the Department of Justice's (DOJ) final interpretation of the 1961 Wire Act. It was Rosenstein who agreed to have his Office of...
Las Vegas NFL Odds Predict Cleveland Browns Miss Playoffs, Sportsbooks Say Hype Overblown
The Westgate SuperBook in Las Vegas has opened odds on all 32 NFL teams making the playoffs, but as of now, the Cleveland Browns are no sure bet to reach the postseason. No team is being more talked about than the Browns...
Analysts Predict Flat Macau Casino Win in 2019, China Economic Slowdown Blamed
Fitch Ratings analysts say Macau casinos will report flat gross gaming revenue (GGR) or single-digit growth in 2019. The world's richest gaming hub will be impacted by the ongoing economic slowdown in China, the country that is responsible for the vast majority...
Caesars Entertainment and UNLV Partner on Gaming Technology Program
Caesars Entertainment and UNLV are teaming up to develop an academic program geared towards students who hope to create the casino floor of the future. The casino operator and public research university say Black Fire Innovation – as the incubator will be...
