World's online gaming authority since 1995

Playtech Shares Plunge Following Profit Warning

Playtech profit warning

Online gambling giant Playtech saw its shares fall by more than 20 percent following an announcement from the company that profits would not be in line with expectations for 2017. The warning saw shares fall approximately 21.5 percent on Thursday, closing at £7.71 ($10.08) a share. The firm said that its full year profits would…Read More

Steve Wynn Gets ‘Primordial’ Sharing His Casino Vision with Boston Business Leaders

Steve Wynn Boston Harbor casino

Steve Wynn appeared before the Greater Boston Chamber of Commerce on Tuesday, in part to dish on the hidden benefits of Wynn Boston Harbor, a $2.4 billion casino resort slated to open in June 2019. Perhaps to the surprise of the few dozen in attendance, however, what matters most are water, sunlight, and plants, he…Read More

Sands Cotai Central Rebranding Could Hurt Short Term Revenues

sands cotai central rebranding

While the Sands Cotai Central’s rebranding may be good for business eventually, construction work could hurt the property’s ability to draw gamblers in the meantime. That’s the word from Japanese brokerage firm Nomura, which made the assessment based on plans announced by Las Vegas Sands last week. As reported in October, Sands is looking to…Read More

Macau Casinos Post 15th Straight Month of Gains, October Revenue Best in Three Years

Macau casinos October revenue

Macau casinos took full advantage of China’s Golden Week holiday last month, as the country’s special gaming enclave reported its highest gross revenue win in three years. The Macau Gaming Inspection and Coordination Bureau reported that the region’s casinos won 26.6 billion patacas ($3.3 billion) in October, a 22.1 percent surge on the same month…Read More

New York Assemblyman Gary Pretlow Calls for Upstate Casino Review, as Revenues Fall Short of Expectations

Gary Pretlow New York casinos

New York Assemblyman Gary Pretlow (D-Mount Vernon) has requested State Comptroller Thomas DiNapoli to try and figure out why three upstate casinos that recently opened are far from meeting their pre-market revenue expectations. Pretlow, one of New York’s most active gaming expansion proponents, believes the financial difficulties may eventually lead the resorts into requesting assistance…Read More

Nevada Sportsbooks Collect Record Handle in September, Casino Revenue Increases 3.3 Percent

Nevada sportsbooks September casino revenue

Nevada sportsbooks pulled in $558.4 million in wagers during September, the largest handle in state sports betting history. It tops the previous mark by $1 million, which was set in November of 2015. Oddsmakers performed well, keeping $44.4 million of the money, an increase of eight percent on the same month in 2016 and the…Read More

Caesars Ends Free Parking for Locals at Seven Las Vegas Strip Casinos, Following MGM

Caesars parking rates Las Vegas MGM

Caesars began charging out-of-state guests to self-park in late March at the Linq, and continued rolling out the fees at other resorts up and down the Strip throughout the year. But to date, Nevadans have been immune from paying simply by swiping their Silver State driver’s licenses. That’s all changing on November 2, when state…Read More

PAGCOR Casino Income Up 36 Percent in 2017, PhilWeb Receives Accreditation

PAGCOR Philippines casino revenue

PAGCOR, the Philippine Amusement and Gaming Corp, says in its 2017 third quarter report that casino income from its 13 Casino Filipino locations and 35 satellite facilities is up 36 percent through September. Net income after expenses totaled PHP 4.36 billion ($84.3 million), a 36 percent surge on 2016 when PAGCOR’s bottom line stood at…Read More

Larry Flynt Loses Bid to Overturn California Casino Law

Larry Flynt Casino California

Hustler Magazine creator Larry Flynt failed in his bid to expand his casino ownership portfolio when a federal judge dismissed his challenge to a California law that doesn’t allow individuals to operate gambling venues both inside and outside the state. U.S. District Judge John Mendez dismissed with prejudice the claim, saying that it fell outside…Read More

Judge Orders MGM to Preserve Evidence at Route 91 Shooting Site, Mandalay Bay

Las Vegas shooting courtroom

Facing two lawsuits and the possibility of future litigation, MGM Resorts was ordered Monday by a Las Vegas judge not to destroy any evidence related to the Oct. 1 Route 91 Harvest festival shooting. Attorneys that filed suit will bring forensic experts to inspect the grounds where 58 people were killed and nearly 500 were…Read More

Pennsylvania Gambling Expansion Law Includes Earmarks for $20 Million Aquarium, $5 Million Indoor Rec Center

Pennsylvania gambling Tom Wolf

The economically all-encompassing Pennsylvania gambling expansion package signed yesterday by Governor Tom Wolf (D) is a 939-page bill that comes with a few carefully placed earmarks. The most notable is $20 million set aside for the City of Easton to help build its planned Da Vinci Center aquarium and science center attraction, which would be…Read More

UK Bookmakers Expecting New Restrictions on FOBTs

UK terminal betting limits

Bookmakers in the United Kingdom are expecting to be hit with tough new restrictions on fixed-odds betting terminals (FOBTs) when the results of a government review are published sometime this week. According to a report in The Guardian, government sources have indicated that the report will recommend three different maximum betting levels, all of which…Read More

Wynn Plans to Start Work on 47-Story Hotel in January

Wynn Paradise Park

Wynn Resorts chairman and CEO Steve Wynn described details of his Paradise Park project during an earnings call on Thursday, plans that include the building of a new hotel tower that will be 47 stories tall and include 1,500 rooms. The Paradise Park project will require the closure of the golf course that is currently…Read More

Macau Coffers Have Collected Over $8.5 Billion in Gaming Taxes in 2017

Macau government gaming tax 2017

The Macau government is benefiting from the return of VIP play to the region’s casino resorts in 2017. Through September, the city’s coffers have taken in MOP 68.64 billion ($8.54 billion) in gaming tax revenue, an increase of 17.5 percent compared to the same nine months in 2016. The surge in taxes is due to…Read More

Casino Magnate Sheldon Adelson No. 14 on Forbes List of Wealthiest Americans with $35.4B

Sheldon Adelson

Las Vegas resident Sheldon Adelson has built a casino empire with his Las Vegas Sands Corporation and he continues to be one of the wealthiest people in the US. The 84-year-old was ranked at No. 14 on the Forbes 400, a catalog of the country’s richest people. While Adelson’s position from last year didn’t change…Read More