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Gaming Business News

When gaming operators play “Let’s make a deal,” it’s serious business. Find out about the latest acquisitions and mergers, and how it will impact the gambling universe at large.

Golden Entertainment Expands Laughlin Presence with $190 Million, Two-Casino Deal

Blake Sartini Golden Entertainment

Golden Entertainment is upping its Laughlin gaming profile: the tavern owner turned budding casino giant announced on Monday it will acquire the Edgewater and Colorado Belle from Marnell Gaming in a deal worth up to $190 million. Golden CEO Blake Sartini said this is the latest phase in an ambitious, ongoing growth strategy. Golden has…Read More

Macau Casino Stocks Favored by JP Morgan Analysts Despite Trade War and VIP Concerns

Macau casino stocks Lawrence Ho

The six Macau casino stocks are poised for continued growth largely due to increased arrivals from the mass market. That’s according to a note from JP Morgan, as the the financial services firm says it remains bullish on the enclave’s gaming operators. Analysts DS Kim and Sean Zhuang write that investors should take caution in…Read More

Caesars Charm Offensive in Japan Borders on Political Bribery, Claims Local Media

Caesars Entertainment exec Jan Jones Blackhurst

Caesars Entertainment has been forced to defend its lobbying efforts in Japan after the country’s biggest weekly news magazine, Shukan Bunshun (SB), accused it of engaging in behavior that could be viewed as illegal political bribery. Shukan Bunshun revealed that for several years Caesars has been buying tickets to social gatherings, commonly organized by Japanese…Read More

Culinary Union Strikes Deals With Four More Las Vegas Casinos, Nine Properties Remain

Culinary Union contracts Las Vegas casinos

The Culinary Union that represents some 50,000 members who are employed by Las Vegas resorts as bartenders, cocktail and food servers, bellmen and porters, kitchen staff, and housekeepers has come to terms with four additional casinos. The tentative five-year agreements are with the off-Strip Westgate, and downtown properties Golden Nugget, Fremont Street, and Main Street…Read More

FanDuel Launches Land-Based Sportsbook at Meadowlands as Betfair US Merger is Finalized

FanDuel launched its first ever sports betting operation, The FanDuel Sportsbook, at the Meadowlands Racetrack in North Jersey on Saturday, just days after the finalization of the company’s merger with Betfair US, the American arm of Paddy Power Betfair (PPB). The launch marks FanDuel’s transition from online DFS site to land-based retail betting, as British-Irish…Read More

Wynn Resorts Retail Space on Las Vegas Strip Doubles Up: Wynn Name Not So Tarnished That Luxury Retailers Won’t Set Up Shop

Wynn Las Vegas retail shopping

Wynn Resorts — the company that has fought off regulatory inquests and a boatload of sexually oriented scandals since the start of 2018 — will double the total number of high-end shops at its Strip casinos. And apparently its retail name isn’t bothering anybody enough to change it. Wynn announced in December 2016 that it…Read More

MGM National Harbor Announces $48M Expansion to $1.4 Billion Property, Poker Room Moving Upstairs

MGM National Harbor expansion

MGM National Harbor is expanding its gaming space less than two years after the $1.4 billion integrated casino resort in Maryland opened its doors back in December 2016. MGM Resorts announced over the weekend that it will spend $48 million to move and expand its poker room to the second floor. The project also includes…Read More

Lack of Las Vegas Monorail Funding Leaves Mandalay Bay Stop for Raiders Stadium Opening in Question

The Las Vegas Monorail could be a hero if it can reach the Mandalay Bay – the stop fans would use to reach the Raiders’ Las Vegas Stadium when it opens in 2020 – but as of right now, that status is in question. A recent funding fallout is threatening to stall expansion from its…Read More

SLS Las Vegas Rumored to Be Returning to Roots with Sahara Rebrand

SLS Las Vegas renovation Sahara casino

The troubled SLS Las Vegas casino resort might be returning to the brand that made it a Strip icon and Rat Pack hangout for nearly six decades. According to blog Eater Las Vegas, SLS owner Alex Meruelo’s real estate development company has filed renovation paperwork with the city that refers to the resort as the…Read More

Macau Legislators Pass First Draft of Gaming Worker Casino Ban, But Implementation Questions Remain

Macau gaming worker ban

Macau’s Legislative Assembly passed a first draft of a bill that would ban many gaming workers from entering casinos outside of work hours, but some lawmakers raised questions about how exactly the legislation would be enforced if it came into law. The first read of the bill will now send it to a working committee…Read More

Las Vegas Cabbies Continue Strip Boycott at New York-New York Casino, But Will Anyone Care?

Las Vegas cabby boycott and Rideshare options

Las Vegas cabbies may be about to find out what happens when you hold a boycott and it doesn’t quite get the reaction aimed for. As part of a series of rolling boycotts, Vegas Drivers Unite (VDU) announced another one for the New York-New York Casino on the Las Vegas Strip. The boycott began Thursday…Read More

Penn National in No Rush to Build Pennsylvania Satellite Casino

Penn National satellite Pennsylvania casinos

Penn National Gaming has the rights to build two Category 4 satellite casinos in Pennsylvania, but the company is apparently in no rush to bring the venues to reality. Headquartered in Wyomissing, Pennsylvania, the casino operator paid $50.1 million in January to win the first of as many as 10 Category 4 casino auctions. The company…Read More

Las Vegas Sands Billionaire Sheldon Adelson Not Targeting North Korea for Casino

Las Vegas Sands North Korea Sheldon Adelson

Las Vegas Sands is debunking rumors that the company is interested in building an integrated casino resort in North Korea. If you were one of the few who might have been interested in traveling to the hypothetical Venetian Pyongyang, it appears there will be no such attraction anytime soon. Speculation surfaced following President Donald Trump’s…Read More

2020 Republican National Convention Las Vegas Hosting Odds Lengthen, North Carolina Rumored to Be Next GOP Hot Spot

Republican National Convention Donald Trump

The 2020 Republican National Convention is looking like a long shot for Las Vegas. Despite Nevada Republican Party Chairman Michael McDonald’s best efforts, rumors are that the GOP will formally nominate its next presidential candidate in Charlotte, North Carolina. The Wall Street Journal reports the Republican National Committee (RNC) is nearing a deal with Charlotte to…Read More

Culinary Union Settles With Stratosphere and Tropicana as Workers Picket D Las Vegas Again

Culinary Union Las Vegas casinos

An economic crisis was averted when the Culinary Union reached new contracts with MGM Resorts and Caesars Entertainment in early June at 18 Strip casinos. But negotiations continue at numerous other resorts throughout Las Vegas. The Culinary Union – which represents some 50,000 members employed as kitchen and waitstaff, bartenders, housekeepers, porters, and bellmen –…Read More