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Ocean Resort Casino Owner Explains Atlantic City Investment, Reveals Boardwalk Property Future

Ocean Resort Casino Atlantic City

Ocean Resort Casino owner Bruce Deifik is hoping to transform the former Revel Atlantic City into a more welcoming property than its previous incarnation. “The first thing we did is pay very close attention to what people said about this place, positive and negative,” Deifik recently told the Associated Press. “We will listen … treat…Read More

Wynn Macau Reports Profits Increased Nearly 120 Percent in Q1 2018

Wynn Macau profits

Most of the attention given to Wynn Resorts recently has been due to scandals involving former chairman and CEO Steve Wynn. But things are going well for the corporation in Asia, where Wynn Macau Ltd saw its profits more than double in the first quarter of 2018. Wynn Macau reported a net profit of $227.1…Read More

Mandalay Bay Struggles for Occupancy Post-Vegas Shooting, Admits MGM, As It Revises Revenue Forecast

Mandalay Bay is taking longer to recover than expected, says Murren

MGM Resorts International’s Mandalay Bay is taking longer than expected to recover from the Las Vegas shooting, the company’s CEO Jim Murren told analysts during a Thursday conference call to discuss Q1 earnings. Murren said the property’s revenue declined by 6.3 percent during Q1 to $245 million, while occupancy was at just 85 percent, a…Read More

Osaka Casino Up and Running by 2023 Despite Hurdles, Says Governor

Osaka casino up and running by 2023, says governor, Ichiro Matsui

Osaka Governor Ichiro Matsui is confident that his city will have Japan’s first integrated resort up and running by 2023 – or 2024 “at the latest” – should it be chosen as one of three host regions for the new casino market. Osaka is a strong favorite, along with Tokyo and Yokohama, to host the…Read More

Caesars Entertainment Continues Global Expansion in Mexico

Caesars Entertainment Mexico

Caesars Entertainment is on a development spree. On Wednesday, the company announced its third project in two weeks, this time revealing the brand is headed south to Mexico. Caesars has entered into a partnership with a Mexican real estate development firm called Grupo Questro to manage a $200 million non-gaming beachfront resort in Puerto Los…Read More

Macau Casino Employees Less Satisfied in Workplace, but More Confident in Career Outlook

Macau casino workers satisfaction survey

Macau casino employees are less satisfied in their workplaces than they were a year ago. That’s according to a gaming workers study conducted by the Macau University of Science and Technology’s Institute for Sustainable Development. The poll found that gaming workers had a satisfaction index rating of 3.17 points out of a possible five. That’s…Read More

Las Vegas Sands Considering South Korea, Japan, Company Reports Strong Earnings

Las Vegas Sands Sheldon Adelson

Las Vegas Sands, the world’s largest casino operator in terms of revenue, is looking to expand its empire. Company founder Sheldon Adelson revealed during an earnings call this week that South Korea and Japan have emerged as two preferred destinations. Sands, like nearly every other major casino company, is anxiously awaiting Japan’s unveiling of its…Read More

MGM Springfield Opening Ahead of Schedule on August 24, but Wynn Boston Takeover Rumors Persist

MGM Springfield opening August

MGM Springfield is set to open ahead of schedule on August 24. That’s welcomed news to area officials, but doesn’t put to rest rumors that the casino company isn’t still in active talks to acquire the unfinished Wynn Boston Harbor development. MGM Springfield is a $960 million integrated resort (IR) just north of the Connecticut-Massachusetts…Read More

Ocean Resort Casino Reportedly Joining Hard Rock Atlantic City in Opening June 28

Ocean Resort Casino Atlantic City

Ocean Resort Casino, the former Revel that cost $2.4 billion to construct, is reportedly targeting a June 28 opening, the same day nearby Hard Rock Atlantic City is expected to open its doors. Speaking with new hires, The Press of Atlantic City reports that numerous individuals have revealed that Thursday, June 28 is the day….Read More

Wynn Resorts Litigation Settlement Drags Scandal-Ridden Gaming Operator Down to Nine-Figure Q1 Loss

Wynn Resorts’ Matt Maddox

Wynn Resorts reported a $204 million net loss for Q1 2018 on Tuesday, as new CEO Matt Maddox delivered the company’s first quarterly report since the resignation of its founder, Steve Wynn. Wynn quit his role in the company that bears his name in February in the wake of allegations of sexual misconduct. A month…Read More

UK Bookies Lose £1.2 Billion in a Day as Investors Duck Regulatory Wrecking Ball

Philip Hammond supports FOBT crackdown on betting industry

The UK bookmaking industry once believed the country’s Chancellor Philip Hammond was its friend, fighting behind the scenes against a proposed maximum stakes reduction on fixed-odds betting terminals (FOBT) in a bid to protect government revenue. Not anymore. In the UK, a Times report published on Tuesday suggested Hammond had never opposed decreasing the stakes at all….Read More

Fertittas, Ruffin, Wynn Fueling President Trump’s Early Reelection Campaign

Las Vegas casino President Trump 2020 odds

Numerous Las Vegas billionaires including Sheldon Adelson, Frank and Lorenzo Fertitta, Phil Ruffin, and Steve Wynn gave tens of millions of dollars to then-candidate Donald Trump during the 2016 presidential election. More than two years before voters will again decide who is best fit for the Oval Office, many of those same individuals are opening…Read More

UFC Fight Night Delivers Knockout Win for Atlantic City

UFC Atlantic City casinos economy

Saturday’s UFC (Ultimate Fighting Championship) Fight Night event at Boardwalk Hall delivered a strong showing for the Atlantic City economy, as 9,541 fans packed into the arena generating a gate of $923,720. The New Jersey Casino Reinvestment Development Authority (CRDA) struck a $4 million deal with William Morris Endeavor (WME) in July 2017 to bring…Read More

Macau Visitor Arrivals Up Nine Percent in 2018 First Quarter

Macau visitor arrivals first quarter

Macau visitor arrivals totaled more than 8.5 million in the first quarter of 2018, an 8.6 percent increase on the same three-month period in 2017. March was an exceptionally strong period, as tourism traffic jumped more than nine percent due to the month having an extra Saturday in 2018 compared to the previous year. Visitor…Read More

Las Vegas Sportsbooks Reveal Liabilities on Golden Knights Stanley Cup Victory

Las Vegas sportsbooks Golden Knights

Las Vegas sportsbooks are revealing just how much money they stand to lose should the Vegas Golden Knights find a way to win the Stanley Cup Finals. The Vegas Golden Knights have already made history. They’re just the sixth team in the Big Four (NFL, MLB, NBA, NHL) since 1960 to make the playoffs in…Read More