7584 stories by Devin O'Connor
JPMorgan Forecasts Macau Gross Gaming Revenue Slowdown in 2019
Gaming analysts at JPMorgan say the days of double-digit gross gambling revenue growth (GGR) for the enclave's six licensed casino operators are over, at least temporarily. And when it comes to full-year forecasts, the experts have proven to be quite accurate. In...
MGM Resorts to Lay Off Three Percent of Workforce to Reduce Costs, Increase Earnings
MGM Resorts revealed this week in its "2020 Plan" that it will trim its total workforce by roughly three percent over the next 12 months, which means around 2,100 current staffers will likely be out of a job at this time next...
Empire City Casino Sale to MGM Resorts Postponed by New York Gaming Commission
Ownership of the Empire City Casino in Yonkers, New York, was expected to formally change hands to MGM Resorts today. But late last night, state gaming regulators abruptly canceled a planned meeting to approve the transaction with little explanation. The New York...
Macau Chief Gaming Regulator Mum on Whether MGM and SJM Will Be Granted License Extensions
The head of the Macau Gaming Inspection and Coordination Bureau (DICJ) told local news reporters that he had no update on the odds of whether MGM China and SJM Holdings would be granted two-year license extensions. DICJ Director Paulo Martins Chan told...
New Orleans Saints Super Bowl Favorites Entering NFL Playoffs
The New Orleans Saints (13-3) finished the regular season tied for the best record in football, and enter the NFL Playoffs as the odds-on favorites to win Super Bowl 53 when it's played on February 3 in Atlanta, Georgia. The Westgate SuperBook...
Future Taiwanese Gaming Policies Could Be Impacted By Xi Jinping Call for Chinese Unification
The future of the Taiwanese gaming industry is in peril after Chinese President Xi Jinping issued new threats against the island country urging it to reunite with the People's Republic. Xi said this week that Taiwan "must and will be" reunited with...
Macau Casinos Win $37.5B in 2018, Visitation Increase Cited for 14 Percent Gaming Revenue Gain
Macau casinos won 302,846 MOP ($37.54 billion) in 2018, a 14 percent premium on 2017 and the enclave's highest mark since 2014. An increase in mass market visitation has been credited for the gaming rebound, as casino resorts continue to pivot away...
Early Money on Clemson in College Football Playoff National Championship Game
The Clemson Tigers (14-0) are attracting the early money in Las Vegas after the ACC champs opened as 6.5-point underdogs against Alabama (14-0) in the College Football Playoff National Championship. The Tigers and Crimson Tide will square off Monday night for the...
Gaming Industry Outlook 2019: Mergers, Sports Betting Expansion, and Japan
The gaming industry landscape is poised to again undergo new and expanded vistas in the 12 months ahead. Which gaming directions will most likely define the industry in 2019? 1. Continued Expansion and Consolidation Casino operators continue to extend their reach across...
2018 Sports Betting Recap: Wild Wagers, Big Wins, and Massive Losses
The gaming industry will remember 2018 as the year the federal sports betting ban was repealed. The Supreme Court's decision in May paved the way for states to join Nevada in offering full-fledged sports betting, and gamblers across the country made headlines by...
