7664 stories by Devin O'Connor
Las Vegas Police Conclude Shooting Investigation, Paddock Motive Remains Unknown
The Las Vegas police investigation into the October 1 mass shooting that killed 58 people and injured hundreds of others has concluded, but Clark County Sheriff Joe Lombardo says law enforcement was unable to determine a motive. Gunman Stephen Paddock opened fire...
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...
Las Vegas Nightly Rates Hit Year Lows in June, as Sin City Visitation Slows
Las Vegas Strip rooms were had on the cheap in June, as overall visitation slowed to Southern Nevada. The desert sun has been scorching this summer, with temperatures routinely hitting triple digits. But visitation to Las Vegas cooled off in June. The...
Tiger vs. Phil Match Set for Thanksgiving Weekend at Las Vegas Shadow Creek, Woods Slight Favorite
The rumored Tiger Woods versus Phil Mickelson head-to-head match is reportedly going to happen in November at Shadow Creek Golf Course in Las Vegas. ESPN's Mike Greenberg said on air Thursday morning, "You knew this match was most likely coming. It is...
Macau Gross Gambling Revenue Climbs 10 Percent, August Arrives With Much Optimism
Macau casinos collectively won 10.3 percent more money in July than they did the year prior. The MOP 25.33 billion ($3.13 billion) haul largely fell within consensus expectations. Reuters reports that analysts called for GGR to increase between five percent and 13...
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,...
