8174 stories by Devin O'Connor
Crown Resorts Found ‘Suitable’ to Continue Operating Melbourne Casino Despite Recent Controversies
Crown Resorts can continue owning and operating its Multi-Billion dollar integrated casino resort complex in Melbourne after regulators in Victoria found the embattled company "suitable." On Friday, the Victorian Commission for Gambling and Liquor Regulation (VCGLR) concluded in its sixth review that...
Las Vegas Gaming Sector Feeling Pinch After Stock Market Freefall, Says UNLV Casino Industry Expert
The Las Vegas gaming industry is becoming increasingly concerned with declining revenues and a substantial drop in convention attendance, according to one expert in the field who's been closely following this year's trends. Operators continue to try to paint the overall casino...
Conor McGregor Returning to UFC After Two-Year Layoff, Opens as Underdog vs. Khabib Nurmagomedov
Conor McGregor is returning to the Octagon on October 6 after a nearly two-year layoff. After a nearly two-year layoff from the UFC in which the Irishman made a fortune by stepping into the ring to box Floyd Mayweather but also found...
Monmouth Park Moves Forward with Sports Betting Lawsuit Against Leagues to Recoup Lost Revenues
Operators of the Monmouth Park Racetrack in New Jersey say they're moving forward with a lawsuit that seeks financial damages from sports leagues that stood in its way of running a sportsbook for several years. Filed in May by the New Jersey...
DC Sports Betting Lobbying Ramps Up, as Pro Leagues Fight for Revenue Cut
With sports betting quickly expanding to states across the US, interest groups in DC are strategizing to persuade Congress to pass federal laws that will give them a cut of what's expected to become a multi-Billion dollar industry. In May, the Supreme...
Macau Airport Sets Passenger Traffic Record, Mass Market Focus Grows Enclave Visitation
Macau casinos are committed to becoming less reliant on the VIP, and their recent mass market focus is driving tourism to the enclave. The proof is in the data. This week, Macau International Airport reported record passenger traffic, with more than 740,000...
Caesars Entertainment Stock Trading Halted After Company Says Las Vegas Demand Softening
Caesars Entertainment scared investors during its second quarter conference call after company executives said demand in Las Vegas was temporarily softening and that guidance expectations might need to be lowered. The comments sent Las Vegas casino stocks tumbling on Wednesday, and prompted...
MGM, Wynn Resorts Miss Q2 Earnings Projections, CEOs Defend Financials
MGM and Wynn Resorts CEOs are on the defensive this week following the releases of their second quarter results revealing both casino operators missed earnings forecasts. MGM boss Jim Murren told shareholders, "I don't like calls like this," while Wynn chief officer...
Massachusetts Legislature Accidentally Outlaws Horse Racing, Plainridge Park, Suffolk Downs Suspend Operations
The Massachusetts Legislature adjourned on Tuesday without taking care of one very important item of business: renewing laws that allow the state's two horse racetracks to operate. State lawmakers were scrambling early this week to pass bills to Governor Charlie Baker (R) before...
SJM Holdings Profit Surges 57 Percent, But Company Continues to Lose Macau Market Share
SJM Holdings, the casino empire of Hong Kong billionaire Stanley Ho, reported Tuesday that net profits for the company jumped nearly 57 percent over the first six months of 2018. Net gaming revenue totaled HKD16.84 billion ($2.15 billion) from January through June,...
