7786 stories by Devin O'Connor
Michael Bloomberg Prepared to Outspend Sheldon Adelson to Block President Trump Re-Election
Billionaire Michael Bloomberg is preparing to spend $500 million to make sure President Donald Trump doesn't win re-election. That won't sit well with Las Vegas Sands CEO Sheldon Adelson, who was the top political donor on either side of the aisle during...
New Jersey Gaming Revenue Soars 25 Percent in January, But Atlantic City Casinos Struggle
New Jersey gaming revenue jumped nearly 25 percent in January. Atlantic City operations, online casinos, and sports betting collectively won more than $229.6 million. Land-based gross gaming revenue (GGR) in Atlantic City totaled $177.2 million, a 9.2 percent increase compared to the...
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...
