7584 stories by Devin O'Connor
Deadwood Sports Betting Still Alive, Senate Committee Passes Ballot Resolution
Deadwood casinos are fighting for the right to operate sportsbooks, and this week the South Dakota Senate State Committee gave them a lifeline to the recently liberalized gambling activity. The committee narrowly passed Senate Joint Resolution 2 by a 5-4 vote. The...
3000/1 New York Knicks Most Valuable NBA Franchise at $4B
The New York Knicks have the worst record in the NBA, but Forbes says the franchise is still the league's most valuable. The business media outlet says the Knicks are worth $4 billion, which is more than double the NBA franchise average...
Las Vegas Strip Casinos Report $1.7B Loss in Latest Fiscal Year, Caesars Bankruptcy Cited
Casinos on the Las Vegas Strip collectively lost $1.7 billion during the latest fiscal year, primarily a result of costs associated with Caesars Entertainment's bankruptcy reorganization. The Nevada Gaming Control Board (NGCB) released its 2018 "Gaming Abstract" report this week revealing the...
New Jersey Gaming Regulators Appoint Trustee to Oversee Ocean Resort Ownership Change
The New Jersey Casino Control Commission (CCC) has appointed a seasoned casino executive to oversee the ownership transfer of the cash-strapped Ocean Resort Boardwalk property. Garden State gaming regulators said Wednesday that Eric Matejevich will assist Luxor Capital – a New York...
Atlantic City Casinos Employ 26 Percent More Workers in 2018
Atlantic City, now a nine-casino town with last June's openings of Hard Rock and Ocean Resort, employed 26 percent more workers at the end of 2018 than the hotel resorts did in the previous year. According to figures released by the New...
President Donald Trump Uses State of the Union to Petition Las Vegas Billionaire Sheldon Adelson
President Donald Trump's 2019 State of the Union (SOTU) address covered an array of topics, but also featured his positions on Jewish polices in what likely appealed to Las Vegas billionaire Sheldon Adelson. The Las Vegas Sands founder and CEO was the...
New Jersey, Pennsylvania Attorneys General Demand Wire Act Answers From DOJ
The attorneys general for New Jersey and Delaware are demanding answers from the US Department of Justice on how the federal agency came to its new opinion on the 1961 Wire Act. New Jersey Attorney General Gurbir Grewal (D) and Pennsylvania AG...
Wynn Resorts Shareholders Suing Casino Company Optimistic Following Nevada Settlement
Wynn Resorts and the Nevada Gaming Control Board (NGCB) reached a settlement late last month stemming from the numerous sexual misconduct allegations made against the company's shamed founder and former CEO. Attorneys representing shareholders suing the casino operator say that only helps...
Virginia Casino Bill Passes State Senate, Requires Comprehensive Study Before Referendum Vote
A Virginia casino bill has passed the state Senate, but the legislation first requires a comprehensive study on commercial gaming and the impact it would have on the Commonwealth to occur. Senate Bill 1126, sponsored by Sen. Louise Lucas (D-Portsmouth), received 28...
Super Bowl Betting Handle Down Eight Percent, Patriots Fatigue Blamed
Super Bowl betting in Nevada was down eight percent in 2019, with handle totaling $145.9 million. Oddsmakers reported a 7.4 percent hold – aka win – to keep $10.78 million on the 53rd edition of the big game. The $145.9 million in...
