7664 stories by Devin O'Connor
Alabama Church Damaged by Tornado Rejects $25K Casino Donation
An Alabama church has said "no thank you" to a local casino that gave the religious organization $25,000 following damage it sustained in a January tornado. On January 19, the First Baptist Church of Wetumpka was hit by an "EF-2 tornado" –...
MGM Resorts CEO Jim Murren Blasts DOJ Wire Act Opinion, Company Reports Strong 2018 Revenues
MGM Resorts CEO Jim Murren told investors and analysts during the company's Q4 and full-year 2018 earnings call that the Department of Justice's (DOJ) reversal of opinion on the Wire Act is "perplexing." Union Gaming analyst John DeCree asked the chief executive...
American Gaming Association: 90 Percent of Casino Gamblers Play Responsibly
The American Gaming Association (AGA) says new research has concluded that nine out of 10 customers who visit casinos in the US play responsibly. The gaming industry's leading lobbyist group in DC says the findings come from two separate polls that were...
China Lowers Economic Growth Target, Macau Casinos Prepare for Slowdown
China has lowered its economic growth target for 2019 to 6-6.5 percent, which would be the country's lowest expansion in 29 years. As a result, Macau casinos are bracing for a slowdown. The People's Republic of China reported last month that 2018...
Showtime Announces Four-Part Sports Betting Docuseries ‘Action’
Showtime Sports Documentary Films will air a four-part docuseries next month that focuses on the world of professional sports betting. "Action" chronicles the lives of professional gamblers and sports bettors, handicappers, and oddsmakers. One of the reality series' stars is "Vegas Dave,"...
US Domestic Commercial Casinos Win Record $42.7B in 2018
Domestic commercial casinos in the United States won nearly $42.7 billion last year, a roughly four percent increase on 2017 and the gaming industry's highest total ever. The Adams Revenue Revue, prepared by Reno-based gaming analyst and consultant Ken Adams for CDC...
Oscars Odds Return to New Jersey Sportsbooks, ‘Roma’ Best Picture Favorite
Oscars odds are once again being offered at Atlantic City casinos and New Jersey sportsbooks, and "Roma" is the frontrunner to win the coveted Best Picture Academy Award. Late last month, the New Jersey Division of Gaming Enforcement (DGE) signed off on...
Osaka Prefecture Officials Say Interested IR Operators Will Need $8.5B
Officials in the Osaka prefecture and capital city say interested casino operators hoping to bid with the region for one of the three federal integrated resort (IR) licenses will need a capital investment of $8.5 billion. The "Osaka IR Fundamentals Plan," released...
Analysts Say MGM Resorts Benefiting From Higher Las Vegas Strip Room Rates
JPMorgan and Credit Suisse analysts say MGM Resorts is benefitting in 2019 from higher room rates at several Las Vegas Strip properties. The two financial services firms say in a note published Monday that room rates for the casino operator are between...
Powerful Chicago Alderman Pat O’Connor Says Time for City to Legalize Video Gaming Terminals
Longtime Chicago Alderman Pat O'Connor (D-40th Ward) says it's time for the city to embrace video gaming terminals (VGTs) and reap the financial benefits of regulated gambling. O'Connor, who is Chicago Mayor Rahm Emanuel's floor leader in the City Council, has been...
