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Union Gaming: Goa Casinos Could Generate $1 Billion in Annual Gross Revenue

Goa casinos riverboat revenue

Goa casinos are poised for substantial growth should the Indian state government permit the riverboats to come ashore as expected. In a note issued last week by Union Gaming Securities, a Las Vegas-headquartered investment advisory firm that keeps tabs on gaming markets around the world, Union Managing Director Grant Govertsen said that should land-based operations…Read More

Trout Reels in Largest MLB Salary, Angels Improve World Series Odds

Mike Trout

Mike Trout is finding out it’s nice to be the biggest fish in the pond. The Los Angeles Angels outfielder is now the highest paid player in Major League Baseball and will earn $34 million next season. His team also improved their chances to win the World Series. They opened as a 50-1 selection to…Read More

Caesars Entertainment Recruits Lobbyist Tom Daschle and Trade Negotiation Experts to Help Land Japan Casino License

Tom Daschle lobbying for Caesars in Japan

Caesars Entertainment executives understand how business is done in Japan, and to that end, the US-based gaming operator has formed a committee with one lobbyist and two foreign trade specialists to help the company win a casino license there. The committee consists of lobbyist and former US Senate Majority Leader Tom Daschle (D), former US…Read More

SLS Becomes Fourth Las Vegas Casino Targeted by Thieves in Past Week

SLS Las Vegas

On Monday morning, a man jumped over a counter at the SLS Las Vegas just after 9 am and stole money from the casino resort. And while brazen robberies at Las Vegas resorts always make headlines, this one is particularly notable, as it marks the fourth such theft from a casino in the city in…Read More

Shuttered Atlantic Club Casino Hotel is Falling Apart

Atlantic Club debris Atlantic City

The former Atlantic Club Casino Hotel is reportedly raining debris onto Pacific Avenue in Atlantic City. January 13 marked four years since the Boardwalk resort closed its doors, and the aging building is, well, really starting to show its age. Reports surfaced this week that debris from the building’s exterior are crumbling off and falling…Read More

Massachusetts Slots Casino Plainridge Park Posts Six Percent Gain in 2017

Plainridge Park Casino Massachusetts

Plainridge Park Casino, a slots and electronic tables facility, saw its gross gaming revenue jump 6.3 percent in 2017. The Massachusetts Gaming Commission (MGC) reported this week that the 1,250-machine slot parlor generated total revenue of $164.8 million over the last 12 months. That’s a $9.8 million premium on 2016. December’s take totaled $12.7 million,…Read More

Indiana’s Commercial Casinos Could Take Hit Following Opening of Tribal Venue

The Four Winds Casino South Bend

The opening of the Four Winds Casino South Bend on Tuesday was an exciting moment for the Pokagon Band of Potawatomi Indians, who now operate the first tribal casino in the state of Indiana. But it’s a moment of dread for the 13 commercial casinos currently operating in the state, who fear that the new…Read More

Lucky Dragon in Foreclosure, Asian-Themed Casino to Be Auctioned Off Next Month

Lucky Dragon Las Vegas foreclosure

After a much ballyhooed launch less than two years ago, the Lucky Dragon Hotel and Casino is facing foreclosure, and the off-Strip Asian-themed resort could have a new owner as early as next month.    After closing its casino and restaurants less than two weeks ago, with Lucky Dragon reps at the time claiming the…Read More

Atlantic City Celebrates Second Consecutive Year of Gaming Revenue Growth in 2017

Atlantic City

The numbers are in, and New Jersey casinos are back. That’s the word from gaming officials in the Garden State after gross gaming revenue increased slightly in 2017, even after modest dip in December. New Jersey’s seven casino resorts increased their annual revenues by 0.3 percent, year-on-year, to $2.41 billion, according to figures by the…Read More

Wynn Land Deal Shows Deep Connections Between Wynn, Trump, and Ruffin

Trump Wynn Ruffin land

When Wynn Resorts announced that it was purchasing 38 acres of land across from the Wynn Las Vegas last month, it was unclear what the company or developer Steve Wynn might have planned for the plot of land that was once the Alon project site. But the deal did serve as a reminder of just…Read More

MGM REIT Pushes to Take Over Caesars Real Estate Trust, Would Create Major Player Among Publicly Traded REITs

MGM Growth Properties REIT Caesars

For monster casino operators like MGM Resorts and Caesars Entertainment, subsidiaries like REITs are just part of the game. But keeping track of who owns what and understanding what they can do with those branches is about as tricky and complex as playing chess while on roller skates on a speed boat. That doesn’t stop…Read More

Hard Rock Atlantic City Looks to Rehire Former Trump Taj Mahal Workers

Hard Rock Atlantic City jobs careers

Hard Rock Atlantic City is making good on its promise to revitalize the local region by encouraging former Trump Taj Mahal workers who were laid off by billionaire Carl Icahn’s closing of the Boardwalk casino resort in October of 2016 to apply for new employment. Scheduled to open this summer as a reimagined rock ‘n’…Read More

Macau Gambler Traffic No Longer from Just Beijing and Shanghai, as ‘Lower-Tier’ Chinese Citizens Become More Mobile

China Macau visitors

The Macau casino industry has largely depended on the citizens of China for its main revenue stream. But most of those visitors have also come from a select few parts of the country, or what are termed the “tier-one” cities of Shanghai and Beijing. Now, as reported in GGRAsia, analysts are saying that could all…Read More

Moody’s Gives Upstate New York Casino Del Lago Credit Rating Cut, Warns of Debt Default Possibilities

del Lago casino credit rating

The del Lago Resort & Casino in Upstate New York has struggled over its first 11 months in operation to come anywhere close to its projected revenues. Now faced with the reality that its gross gaming intake is going to come in around $100 million short for its first year, Moody’s Investors Service is slashing…Read More

Net Income at Major Las Vegas Strip Casinos Soars 191 Percent in Latest Fiscal Year

Las Vegas Strip casino net income

Las Vegas Strip casinos that grossed at least $1 million in annual gaming revenue are coming off a very prosperous 12-month run. That’s according to the 2017 Nevada Gaming Abstract, released late last week, which shows that net incomes surged 191.4 percent between July 1, 2016, and June 30, 2017 for these gaming venues. According…Read More