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Macau Extends Winning Streak to 14 Months, September Casino Earnings Jump 16 Percent

Macau casinos revenue Golden Week

Macau casinos generated $2.66 billion in gaming win during September, a 16.1 percent increase compared to the same month in 2016. Financial analysts had anticipated a gain of between 11 percent and 17 percent. The official data from the city’s gaming regulator shows that Macau casinos were able to quickly bounce back from two deadly…Read More

Macau Tourism Office Makes Bold Predictions, Non-Gaming Spend Forecasted to Double by 2025

Macau tourism office non-gaming growth

If the Macau tourism office is concerned with how ongoing regulations and oversight from China might impact its economy, the city agency certainly isn’t showing such fear in its 15-year Master Plan. Released this week after two years of studies, the Macau Government Tourism Office (MGTO) Industry Development Master Plan makes numerous eye-catching predictions on…Read More

Presidential Inaugural Committee, Funded by Casino Money, Donates $3 Million to Hurricane Relief

Trump inauguration committee hurricane relief

The Presidential Inaugural Committee is giving $3 million to help support hurricane recovery work in Texas, Florida, and the Caribbean, and few may realize the level of casino involvement in these efforts. The American Red Cross, Salvation Army, and Samaritan’s Purse will each receive $1 million. The inaugural committee, formed to help cover expenses associated with…Read More

Macau Bitcoin Ban Spells Bad News for Dragon Corp’s Planned $500 Million ICO

Macau authority Bitcoin business ban

The Macau Monetary Authority, or ACCM, has warned local financial institutions that they are banned from providing services to virtual currency-related businesses. The authority reminded the banking industry that “ … bitcoin is a type of commodity which is neither a legal tender nor a financial instrument subject to supervision.” It has also warned banks…Read More

Sands China Ends Cotai Strip DreamWorks Deal, as MGM China Delays Opening in Macau

Cotai Strip MGM Sands China Macau

Sands China, the Macau operating arm of Sheldon Adelson’s Las Vegas Sands empire, announced this week that it’s ending its five-year licensing partnership with DreamWorks Animation SKG. Since 2012, Sands Cotai Central has entertained guests of all ages in non-gaming areas with live costumed characters from DreamWorks’ catalogue of films. The main attraction has been…Read More

Massachusetts MGM Springfield Upgraded to $960 Million Resort, Northampton Gets Promotional Grant

MGM Springfield casino Massachusetts

The MGM Springfield in Massachusetts will cost $10 million more than previously expected, as officials revealed that the price tag for the integrated resort will now total $960 million. Springfield officials accepted updated design documents from MGM on Thursday, which brings the conception process to 95 percent completion. The latest plans cover everything from exterior…Read More

Pennsylvania Casino Revenue Drops During Last Fiscal Year, Poll Claims Residents Want Smoke-Free Gaming

Pennsylvania casino revenue Parx

Pennsylvania casino win was down during the 2016/2017 fiscal year, albeit marginally at just 0.8 percent. The 12 brick-and-mortar casinos collected $3.203 billion from slot machines and table games between July 1, 2016, and June 30, 2017. That marks the Keystone State gambling industry’s second richest take. Pennsylvania is behind only Nevada in terms of…Read More

Paddy Power Betfair Accused of Backstabbing Betting Industry Over FOBTs

PaddyPower Betfair CEO Brendan Corcoran denounces FOBTs

PaddyPower Betfair has broken ranks with the UK betting industry and the Association of British Bookmakers (ABB), of which it is member, by declaring its support of the slashing the stakes of fixed-odds betting terminals. In a letter from PaddyPower Betfair CEO Breon Corcoran to Tracey Crouch, the Minister for Digital, Culture, Media and Sport,…Read More

Caesars Clears Final Regulatory Hurdles to Emerge from Bankruptcy in October

Caesars Palace in Las Vegas

Louisiana and Missouri gaming regulators have given regulatory approval to Caesars Entertainment and its related companies’ restructuring plans, finally putting to bed one of the messiest corporate bankruptcies in recent memory. These two states that are home to Caesars casino properties represented the last boxes that needed to be checked before the company could proceed…Read More

Iowa Gaming Operators Warn of Cedar Rapids Casino Impact

Cedar Rapids Mayor Ron Corbett

Iowa’s existing casino operators urged the state’s Racing and Gaming Commission not to award a license to any of three proposals for a casino in Cedar Rapids, Iowa’s second biggest city, at a hearing on Tuesday. Their least favorite project of the three appears to Peninsula Pacific and Cedar Rapids Development’s bid to build a…Read More

China’s Golden Week to Provide Macau Gaming Rebound Following Typhoon Hato

China Golden Week Macau casinos

China’s Golden Week couldn’t come at a better time for Macau’s resort industry. Just a little more than a month removed from August’s Typhoon Hato that killed 10 locals and injured hundreds, Macau casinos are hoping to make up on lost revenue during the weeklong holiday that runs October 1-8. Golden Week is a semiannual…Read More

China’s ASF Threatens to Sue Queensland Government Over Rebuffed Casino Bid

ASF director Louis Chien

The Chinese-backed ASF Consortium has said it is seeking a “suitable and equitable solution” to the government of Queensland, Australia’s decision to jettison its $2.4 billion project on the Gold Coast, a popular tourist destination. Failing that, it will sue, it said this week. The news comes as ASF delivered its annual report, which revealed…Read More

Pennsylvania Launches Investigation into Suspicious Lottery Wins

Clarance Jones, America’s most prolific lottery winner

Pennsylvania’s Office of the Auditor General has launched an investigation into implausibly frequent lottery wins, following a PennLive article which found some that state lottery players were simply winning too much. PennLive discovered that, between 2000 and 2016, over 200 Pennsylvanians had each claimed 50 or more lottery prizes of over $600, a tally that…Read More

Foxwoods, Mohegan Sun Diversify Connecticut Resorts With New Nongaming Amenities

Foxwoods Mohegan Sun Connecticut casinos

The Native American tribes that own Foxwoods and Mohegan Sun are pushing ahead with continued investments at their respective casino resorts to attract new guests to southeastern Connecticut. Foxwoods announced this week that it’s constructing a multi-level indoor go-kart track that is scheduled to open in 2018. According to a statement from the resort, the…Read More

Raiders Negotiating Oakland Coliseum Lease Extension, as Las Vegas Stadium Suffers Setbacks

Oakland Raiders Las Vegas stadium

Oakland Raiders owner Mark Davis is ready to move his NFL franchise to Las Vegas, but before that can happen, the team of course needs somewhere to play. With the typical red tape getting in the way, it now appears unlikely that the $1.9 billion domed stadium near the Strip will be ready in time…Read More