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Las Vegas City Council Approves Marijuana Consumption Lounges, Cannot Be Close to Casinos

Las Vegas marijuana lounge casino

Las Vegas City Council voted 4-1 this week in favor of allowing marijuana consumption lounges to open within the city’s limits. Marijuana – a Schedule 1 narcotic under federal law – is legal in Nevada for both recreational and medicinal purposes. But the state says consumption of the product must occur in a private place….Read More

Caesars Entertainment Reducing Customer Comps to Offset Wage Hikes

Caesars Entertainment Las Vegas rewards

Caesars Entertainment plans to improve its player rewards program – in the company’s favor – in order to cover increased employee wages. Executives relayed during the company’s first quarter conference call with investors that it will offset higher labor costs by trimming expenditures stemming from freebies issued to loyalty patrons. That means fewer comped rooms…Read More

Wynn Resorts Agrees to $35.5M Fine, Focused on Successful Encore Boston Harbor Opening

Wynn Resorts Encore Boston Harbor casino

Wynn Resorts will pay the $35.5 million in fines levied by the Massachusetts Gaming Commission (MGC) to keep its operating license for Encore Boston Harbor. Company officials say they’re now focused on moving forward and opening the $2.6 billion integrated casino property. On Tuesday night, the five-member MGC handed down a $35 million fine on…Read More

Hong Kong to Macau Bridge Could Soon Include World-Class Entertainment Destination on Artificial Island

Macau bridge Hong Kong casinos

The Hong Kong-Zhuhai-Macau Bridge is an architectural marvel, and with the infrastructure’s authority requesting bids from developers interested in constructing a world-class entertainment destination on one of its artificial islands, the 34-mile sea crossing is set to become even more astonishing. The South China Morning Post says the Hong Kong-Zhuhai-Macau Bridge Authority has requested proposals…Read More

Macau Casinos Suffer Largest Monthly Revenue Decline in Nearly Three Years, Analysts Believe Worst is Over

Macau casinos gross gaming revenue

Macau casinos recorded their largest month-to-month gross gaming revenue (GGR) decline in nearly three years, as April win plummeted 8.3 percent, the biggest percentage drop since June 2016. The six licensed casino operators reported casino win of MOP23.59 billion ($2.92 billion). That’s more than a quarter of a billion dollars fewer than the gaming floors…Read More

Wynn Resorts Fined $35M But Retains Boston License, CEO Maddox Must Undergo Executive Training

Wynn Resorts Encore Boston Harbor MGC

Wynn Resorts has been handed a $35 million fine by the Massachusetts Gaming Commission (MGC), but will retain its coveted casino license to operate its $2.6 billion Encore Boston Harbor property. The five-member MGC said in their decision that Wynn Resorts and its subsidiaries remain suitable to hold the Region A Category 1 gaming license,…Read More

Wynn Resorts Restores Free Parking for All Las Vegas Guests, as Tourism Remains Stagnant

Wynn Resorts Las Vegas parking Strip

Effective May 1, Wynn Resorts is offering free parking at its Las Vegas Strip casinos. The casino operator says self-parking will be complimentary “for all visitors, without limitation,” meaning even those who aren’t staying at the properties can put their car there for free. Wynn spokesman Michael Weaver said the decision is a result of…Read More

MGM Resorts Stock Drops on Q1 Earnings, Company Focused on ‘2020 Plan’ and Job Cuts

MGM Resorts stock job cuts

MGM Resorts shares on NASDAQ fell this week after the company revealed its quarter one earnings that came in far below expectations. The consensus among Wall Street analysts called for Q1 adjusted earnings per share of 23 cents. The casino operator reported just 12 cents a share. Revenue topped estimates at $3.18 billion – higher…Read More

Wynn Resorts’ Encore Boston Harbor Fate May Come Down Wednesday

Encore Boston Harbor Wynn Resorts MGC

Encore Boston Harbor, Wynn Resorts’ $2.6 billion integrated casino resort in Everett, could see its fate determined as early as tomorrow by state gaming regulators. The five-member Massachusetts Gaming Commission (MGC) wrapped three days of hearings earlier this month into the suitability of Wynn Resorts following the revelation of decades of alleged sexual misconduct by…Read More

Train Service Likely To Resume Between Thailand and Cambodia’s Gambling Destination of Poipet

Poipet Cambodia — which now has some 22 casinos — may be easier to travel to for foreign visitors with plans to provide rail service from Thailand, helping to boost gambling revenue for the region. The city just three years ago had nine gaming venues, according to The Bangkok Post. Regular rail service between Thailand’s…Read More

Analysts Predict Flat Macau Casino Win in 2019, China Economic Slowdown Blamed

Macau casino revenue GGR

Fitch Ratings analysts say Macau casinos will report flat gross gaming revenue (GGR) or single-digit growth in 2019. The world’s richest gaming hub will be impacted by the ongoing economic slowdown in China, the country that is responsible for the vast majority of visitor arrivals in the enclave. Casinos in the Special Administrative Region won…Read More

Caesars Entertainment and UNLV Partner on Gaming Technology Program

Caesars Entertainment UNLV gaming program

Caesars Entertainment and UNLV are teaming up to develop an academic program geared towards students who hope to create the casino floor of the future. The casino operator and public research university say Black Fire Innovation – as the incubator will be known – will drive innovation in the hospitality, gaming, and entertainment industries. The…Read More

Interblock Gaming Manufacturer CEO Predicts More Electronic Tables and Stadium Setups in Coming Years

gaming manufacturer casino stadium Interblock

The CEO of gaming manufacturer Interblock predicts that electronic table games (ETG) will take up more floor space inside casinos across the United States over the next five years. Speaking at an event this week at the UNLV, Interblock CEO John Connelly said innovative tables and stadium gaming is the future of the industry. CDC…Read More

Las Vegas Gaming Revenue Down 3.25 Percent in First Quarter, Sportsbooks Set Handle Record in March

Las Vegas Strip revenue sports betting

Las Vegas casinos won 3.25 percent fewer gaming dollars in the first three months of the year than they did in 2018. Strip area gross gaming revenue (GGR) totaled $1.67 billion January through March, a loss of roughly $56 million. Statewide, casinos fared a bit better, with Nevada GGR coming in at a little more…Read More

New Jersey Gaming Regulators Mulling Whether Nine Atlantic City Casinos is Market Saturation Point

New Jersey gaming regulators casino license

Gaming regulators in New Jersey are trying to determine if Atlantic City, a nine-casino town since last June, has reached its market saturation point. If the market is indeed at its saturation point, regulators could cap licenses in an effort to afford current casino operators the best chance of survival. It was announced this week…Read More

Osaka Begins Taking Applications for Integrated Resort Proposals

Osaka integrated resort process

The city of Osaka officially launched its request for proposal (RFP) process on Thursday, allowing operators to submit their ideas for the development of an integrated resort in the city or prefecture. Osaka is seen as a likely host for one of up to three integrated resorts in Japan, each of which will contain a…Read More

MGM Resorts Announces 254 Managerial Layoffs Days After Being Named to ‘Best Large Employer’ List

MGM Resorts layoffs CEO Jim Murren

MGM Resorts is terminating 254 managers, as Nevada’s largest employer continues to cut overhead in an effort to save $100 million by the end of the year. The Las Vegas Review-Journal says a memo was released Thursday to employees notifying them of the pending terminations. Specifics as to where the cuts will be wasn’t made…Read More

Indiana Legislature Passes Biggest and Most Controversial Gambling Expansion Package in Decades

Eric Holcomb

Indiana lawmakers passed a controversial bill in the dying minutes of the legislative session in Indianapolis on Wednesday, sending the state’s biggest gaming expansion package in decades to the desk of Governor Eric Holcomb. House Bill 1015 is not so controversial because it would legalize full-scale mobile sports betting – although this is always guaranteed…Read More

Harrah’s New Orleans Expected to Receive 30-Year License Extension in Exchange for $325M Investment

Harrah's New Orleans license extension

Harrah’s New Orleans, the only land-based casino in Louisiana, is expected to receive a 30-year license extension from the state before the legislature adjourns in June. But under the current legislation being pushed through, it will come at a hefty cost. House Bill 544 would grant the Caesars Entertainment casino resort with a 30-year license…Read More

New Jersey Sports Betting Handle Could Overtake Nevada Next Year

sports betting New Jersey revenue

Full-scale sports betting was prohibited everywhere in the US not named Nevada prior to last May’s historic ruling from the Supreme Court that said the longstanding federal ban violated the Constitution. Less than a year later, and New Jersey is poised to potentially overtake Nevada as the richest sports betting state in terms of total…Read More

Historical Horse Racing Goes Live at Virginia’s Colonial Downs, Slot-Like Machines Attract Large Crowd

historical horse racing Colonial Downs gaming

Historical horse racing (HHR) went live Tuesday at the Colonial Downs racetrack in New Kent, Virginia, and the slot-like gaming devices spurred hundreds of patrons to the opening day festivities. An estimated 500 people arrived at the horse racetrack centrally located between Richmond and Williamsburg that’s been shuttered since 2014. The 600 HHR terminals situated…Read More

Hard Rock Proposes Arkansas Casino Resort in Pope County, But Residents Oppose Gambling

Hard Rock Arkansas casino Pope County

Hard Rock International – owned by the Seminole Tribe in Florida – and Warner Gaming, a Las Vegas-based casino operator, are partnering in hopes of obtaining licensure in Arkansas to build a resort in Pope County. Last November, Arkansans approved a constitutional ballot referendum (Issue 4) to legalize as many as four commercial casinos. Two…Read More

City of Dreams Targeting Expansion in Philippines Despite Country’s New Casino Ban

City of Dreams Manila casino PAGCOR

A major investment firm in the City of Dreams brand reveals that the casino group wants to expand in the Philippines with a new gaming property. Premium Leisure Corp (PLC), an investment holding company focused on the gaming industry in the Philippines, is a substantial partner in Melco Resorts’ City of Dreams Manila. During a…Read More

Wynn Resorts Donates $1M to Massachusetts Charities, as State Gaming Regulators Mull Encore Boston Fate

Wynn Resorts Massachusetts Encore Boston

Wynn Resorts has donated more than $1 million in total to numerous charities in Massachusetts. The gifts come as state gaming regulators continue mulling whether Wynn Resorts remains suitable to hold a casino license for its $2.6 billion Encore Boston Harbor. The integrated resort is scheduled to open in June. Earlier this month, the Massachusetts…Read More

Casino Union Members Picket Circus Circus Reno, Contract Negotiations Ongoing for Seven Months

casino union picket Circus Circus Reno

Casino union members working at the Circus Circus Reno picketed last Thursday in response to long negotiations with property parent company Eldorado Resorts that haven’t proved fruitful. Contracts expired November 30. Negotiations between the Culinary Union and casino owner Eldorado have now been ongoing for seven months. The two sides have yet to find common…Read More