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Greece Extends Bidding Period for Athens Casino, US Gaming Operators Losing Interest

Greece casino resort Caesars Mohegan Sun

Greece announced this week that the bidding period for its lone Athens casino license is being extended by a month, with the new deadline now June 28. The delay is the latest setback for the capital city’s redevelopment following the country’s post-bailout by the European Union. The casino license attracted interest from numerous gaming companies…Read More

Japanese Billionaire Kazuo Okada Sues Own Family Over Tiger Resort Removal

Kazuo Okada Universal Entertainment Tiger

Japanese billionaire Kazuo Okada is suing his estranged wife and son, as well as several current and former Tiger Resort officials, over his 2017 removal from the gaming company he founded. Okada, 77, founded Universal Entertainment 50 years ago, but was removed in 2017 from the company and its subsidiary Tiger Resort Leisure Entertainment (TRLEI)…Read More

Japan Casino Resorts Could Cost Nearly $12B, as Gaming Companies Up Bid Antes

Japan casino Shinzo Abe Osaka Yokohama

The three Japan casino resorts expected to be authorized in the coming months by the federal government will come with lofty price tags, as the world’s largest gaming operators up their antes to win one of the coveted licenses. Osaka and Yokohama are the two leading candidate cities for two of the integrated resorts (IR)….Read More

Las Vegas Sands Uninterested in Rural Japan Casino Resort, President Trump Visits Prime Minister Abe

Las Vegas Sands Japan casino Osaka

Las Vegas Sands is considered a frontrunner for one of the three forthcoming integrated casino resort licenses in Japan, but the company is only interested in building such a multibillion-dollar complex if it’s in a large city. Speaking with GGRAsia, the online media outlet focused on Asian gaming matters, LVS Managing Director of Global Development…Read More

Iowa Casino Gaming Making Bank, ‘Significant’ Contributor to State Revenues in 2018

A new report from the Iowa Racing and Gaming Commission (IRGC) indicates that the Hawkeye State hauled in approximately $1.5 billion in casino gaming revenue in 2018, the best figure for the state in six years. That increased revenue resulted in $321.86 million for Iowa coffers last year, even as the sheer numbers of gamblers…Read More

‘Borgata Babes’ Can Move Forward with Gender Discrimination Case, Rules Appeals Court

Borgata Babes

The “Borgata Babes” will have their day in court, a New Jersey appeals panel ruled on Monday, as first reported by The Courier Post. A group of Borgata beverage servers who sued their employee 11 years ago for gender discrimination — because they were told that if they amassed more than seven percent of their…Read More

US William Hill Sports Betting Operations Keep UK Bookmaker in the Black

William Hill sports betting revenue

William Hill would have recorded a net revenue loss January through April if it hadn’t been for the company’s operations in the recently liberalized US sports betting market. Retail revenue at William Hill’s 2,372 betting shops throughout the United Kingdom fell seven percent, the UK Gambling Commission’s new £2 stake limit on fixed-odds betting terminals…Read More

MGM China CEO Grant Bowie Confident in Macau Despite US-China Trade War

MGM China US trade war

MGM China CEO Grant Bowie told reporters this week that he remains bullish on Macau’s economy and gaming industry despite the ongoing trade war between the United States and China. Speaking with reporters at the Nam Van Lake Nautical Center where regional executives and employees will compete in dragon boat races next month, Bowie said…Read More

Caesars Entertainment CEO Tony Rodio Tenure Could Be Short, as Potential Suitor Eldorado Resorts Wants Corporate Costs Reduced

Caesars Entertainment CEO Eldorado Resorts

Caesars Entertainment CEO Tony Rodio’s days leading the casino giant could be short-lived, as potential buyer Eldorado Resorts wants to slash corporate costs if an acquisition is made. Sources close to the negotiations who spoke with the New York Post claim Eldorado CEO Tom Reeg is set on finding a way to cut $500 million…Read More

Gaming Industry CEOs Receive Reduced Pay in 2018, as Stocks Tumbled in Second Half of Year

gaming industry CEO pay

The CEOs of the gaming industry’s largest players in the US saw their salaries decrease last year, as their stocks took a hit in the latter half of 2018. The Las Vegas Review-Journal reports that five of the six examined companies paid their chief executives fewer dollars last year. But, of course, no one should…Read More

Atlantic City Casinos Win $250.7M in April, MGM Resorts Developing Marina District Condos

Atlantic City casino revenue condo

Atlantic City casinos won more than $250.7 million in land-based, online, and sports betting gross gaming revenue (GGR) last month, which is a nearly 17 percent year-over-year gain. The beachfront town’s nine brick-and-mortar casinos reported GGR of $207.58 million from slots and table games, $36.58 million from online play, and $6.54 million in sports betting…Read More

MGM Resorts Officially Announces Japan IR Partnership With Orix

Japan IR MGM Resorts Osaka casino

The first Japan IR (integrated resort) consortium has officially been unveiled, and comes from MGM Resorts and financial services firm Orix. News of the partnership surfaced in late March, but it was only this week that MGM Japan CEO Ed Bowers officially announced the news. The man tasked with making sure the casino giant obtains…Read More

Caesars Entertainment Named in Antitrust Probe, Lawsuit Claims Expedia Coordinated Hotel Advertising Conspiracy

Caesars Entertainment Las Vegas casino hotel

Caesars Entertainment has been named in an antitrust lawsuit that alleges Expedia conspired with hoteliers including the casino giant in an online advertising scheme. Four state attorneys general allege that Expedia Group and several hotel chains orchestrated a scenario that banned certain advertisements depending on what an online user originally searched for. In the court…Read More

Blackstone Planning IPO for Spanish Casino Giant Cirsa, Private Equity Group Invests in Superbet

Blackstone Group Cirsa casino IPO

The Blackstone Group, one of the world’s largest private equity firms that has long been invested in the gaming industry, is considering an IPO offering for its Spanish casino giant Cirsa. The New York-based asset management and investment firm acquired Cirsa in April 2018 for an undisclosed sum, but the casino operator’s asking price was…Read More

US Gaming Industry Exposure to China Drives Stocks Down Amid Trade War

US gaming industry China trade war

The US gaming industry is feeling the consequences of the escalating trade war with China, as both countries impose hundreds of billions of dollars in tariffs. With China unwilling to compromise on a trade deal with the US, President Donald Trump elevated tariffs on $200 billion worth of Chinese goods effective May 10. The increase…Read More

Connecticut’s Mohegan Gaming ‘Shovel Ready’ for Massive Project in Future Asian Gaming Hub

Mohegan Gaming

Connecticut tribal casino operator Mohegan Gaming & Entertainment is poised to begin construction of the first $1.6-billion phase of its proposed integrated resort in Incheon, South Korea, around 16 miles from the capital, Seoul. Incheon was South Korea’s first free economic zone and is set to become a gambling hub in the mold of the…Read More

Macau Official Says Enclave Government Considering New Gaming Licenses

Macau casinos gaming license

The Macau government is considering issuing new gaming concessions through a public tender process that could expand the number of casino operators throughout the enclave. Macau Secretary for Economy and Finance Lionel Leong Vai Tac broke the news to GGRAsia, the online media outlet focused on Asian gaming matters. Leong told reporters that the Special…Read More

Wynn Resorts Contemplating Appeal Over $35.5M Fine Levied by Massachusetts Gaming Commission

Wynn Resorts MGC fine Boston casino

Wynn Resorts officials say they are reviewing an appeal of their $35.5 million in fines issued against the company by the Massachusetts Gaming Commission (MGC). The state gaming regulator announced the fines earlier this month for the company’s alleged failure to properly disclose knowledge of sexual misconduct claims against its founder and former CEO during…Read More

Atlantic City Officials Optimistic Regarding Tourism Indicators, Hospitality and Gaming Industries Strong

Atlantic City casinos tourism economy

Atlantic City was a beneficiary of increased tourism throughout New Jersey last year, and area officials believe the beachfront town is positioned well to only grow its gaming and hospitality industries in the years ahead. The New Jersey Division of Travel and Tourism revealed this week that 111 million people ventured into the state in…Read More

‘Kind Heaven’ Construction Hell Delays Opening at LINQ Las Vegas Until Spring 2020

Kind Heaven LINQ Las Vegas Caesars

“Kind Heaven,” the entertainment gaming complex being developed by Immersive Artistry at Caesars Entertainment’s LINQ casino resort in Las Vegas, is being delayed due to construction setbacks. The Southeast Asia-themed attraction being developed in conjunction with Jane’s Addiction frontman and Lollapalooza music festival founder Perry Farrell is a $100 million project that seeks to revolutionize…Read More

Wynn Resorts Misses Revenue Expectations, Elaine Wynn Says She’s Not Leaving Casino Giant

Wynn Resorts stock revenue Matt Maddox

Wynn Resorts failed to meet Wall Street revenue expectations in the first three months of the year. Operating revenue totaled $1.65 billion January through March – a four percent decline compared to the previous year – and short of the $1.67 billion analysts predicted. Wynn CEO Matt Maddox blamed reduced high roller play in Macau…Read More

Pennsylvania Bill That Would Allow Counties to Prohibit Truck Stop Gambling Advances

Pennsylvania casino truck stop gaming

A Pennsylvania bill that would allow counties to opt out of allowing video gaming terminals (VGT) at truck stops located within their jurisdictions has advanced through a Senate committee. Senate Bill 87 – introduced by Sen. Scott Martin (R-Lancaster County) in January – would give counties the right to decide whether VGT machines can be…Read More

Connecticut Governor Backs Bridgeport Tribal Casino, But Concedes No Gaming Expansion Legislation in 2019

Connecticut casinos sports betting

Connecticut Governor Ned Lamont (D) said this week that while he supports allowing the state’s two Native American tribes to build a casino resort in Bridgeport, he doesn’t expect any gambling-related legislation to pass this year. The first-term governor responded to media questions on his way to the Connecticut Conference on Tourism conference in the…Read More

New Hampshire Casino Legislation Dead, But Sports Betting Bill Progresses

New Hampshire casino sports betting

The New Hampshire House of Representatives this week strongly rejected legislation to legalize two full-scale casino resorts by a vote of 289-63, but sports betting remains on the table. Senate Bill 310 – introduced by State Senator Lou D’Allesandro (D-Manchester) – would have authorized two casinos. The legislation projected the state would receive $60 million…Read More

Melco Resorts Tops Earnings Expectations, Quarterly Income Totals $1.36B

Melco Resorts stock revenue Macau casino

Melco Resorts beat Wall Street expectations in the first quarter of 2019, as the casino operator reported $1.36 billion in revenue – or $0.28 per share. That’s a 3.72 percent increase on the same three-month period in 2018. The general consensus among financial analysts predicted earnings per share (EPS) of $0.25. It’s the fourth consecutive…Read More