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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.

Russian Primorye Gambling Zone Gets NagaCorp Commitment to Build $12 Billion Rail Line

NagaCorp Naga Vladivostok

For Russia’s Primorye gambling zone, easy ways for gamblers to come in and out of area are crucial to the success of the gaming hub, which is located outside of Vladivostok. With Chinese players a key demographic, the announcement this week of Cambodian casino group NagaCorp’s $12 billion, 235-mile high-speed railway linking Primorye to the northeastern Chinese…Read More

New High for Nevada Marijuana Sales as March Sets $7.1M Monthly Record, Gaming Industry Still Primary Tax Producer

Nevada marijuana tax casinos

Nevada marijuana sales for recreational use topped $41 million in March, a new record, and delivered nearly $7.1 million in tax revenues to the Silver Sate. But the gaming industry remains the state’s top tax producer and is in no danger of going up in smoke. Casinos Still King Recreational marijuana officially became legal on…Read More

Ocean Resort Casino Atlantic City Puts Its Money on William Hill for Sports Betting

Ocean Resort Casino Atlantic City

Ocean Resort Casino in Atlantic City — scheduled to open its doors June 28 — is partnering with William Hill for its sports betting operations. As one of the primary established bookmakers already up and running in Nevada, Hill was a natural choice for the newly legal New Jersey market. The Boardwalk property formerly known…Read More

Las Vegas Culinary Union Holds Bargaining Edge as Strike Looms, Stanley Cup and JCK Jewelry Show Could Push Casinos to Settle

Las Vegas union strike casinos

Members of the Las Vegas Culinary union may hold the trump card when it comes to contract negotiations with 34 major Strip and downtown casino and hotel venues now threatened with a possible city-wide strike by its 50,000+ constituency. Local 226 — along with Bartenders Union 165 — voted nearly unanimously on Tuesday to authorize…Read More

Paddy Power Betfair Merger with DFS Giant FanDuel Follows on Heels of PASPA Sports Betting Ban Overturn

Paddy Power Betfair DraftKings

Paddy Power Betfair (PPB) has announced that that the company will merge with the daily fantasy sports operator FanDuel, a deal which could position the new alliance as one of the biggest players in the developing American online gambling industry. Under the terms of the agreement, Paddy Power is contributing $612 million worth of existing…Read More

‘Last Developable Piece’ of Central Las Vegas Strip for Sale, Sellers Want $800 Million

Las Vegas Strip

Fancy owning a slice of the Las Vegas Strip? Well, now you can, provided you have deep pockets. Very deep. $800 million deep. Investment group Spectrum Group Management is selling that prime piece of real estate that currently houses Walgreens, Fatburger, the Hawaiian Marketplace, a Travelodge, and a bunch of parking lots. It may not…Read More

LVCVA Sin City Ad Campaign Celebrates Adult Freedom and ‘Only Vegas Moments’

New Las Vegas ad campaign released

A new Las Vegas ad campaign released this week by the LVCVA — the city’s convention and visitors authority — attempts to highlight the unique persona that is Sin City, showcasing four unique and modern scenarios that are designed to grab a viewer’s attention. You could call it “What Happens in Vegas 2.0,” as it…Read More

Caesars Korea Casino Resort to Open 2021, First Asian Venue for Gaming Giant

Caesars Korea

Caesars Korea — the casino operator’s first foray into the East Asian gaming market — will be completed in early 2021, according to William Shen, senior vice president and managing director of Caesars Korea and Japan. Shen, speaking exclusively to GGRAsia on the sidelines of last week’s G2E Asia conference in Macau, said the $700…Read More

Atlantic City Casino Resorts See Profits Decline Nearly 12 Percent, But Optimism Remains

Atlantic City casino revenue profits

Atlantic City casino resorts saw gross operating profits fall 11.7 percent in the first quarter of 2018. The New Jersey Division of Gaming Enforcement (DGE) reports this week that operating profits plummeted to $123.6 million, a loss of about $16.3 million compared to the first quarter in 2017. Gross operating profit reflects earnings before interest,…Read More

Las Vegas Culinary Union Votes to Authorize Strike, 34 Casino Resorts Could Be Impacted by June 1

Las Vegas economy union strike

The Las Vegas Culinary Union — composed of 50,000 casino resort workers — voted on Tuesday by a 99 percent member vote to authorize a strike at anytime after 12:01 am Pacific Time on June 1 if efforts to negotiate a Hail Mary pass fail in the next nine days. The Las Vegas economy could come…Read More

Can Sports Betting Save the Atlantic City Race Course?

Atlantic City Race Course

New Jersey plans to have its sports betting regulations in place by June 7, by which time Monmouth Park will be ready to go. In fact, it was ready in 2014, when only a federal injunction prevented it from unveiling its shiny new William Hill sports book, and it has been chomping at the bit…Read More

Boomtown Reno Casino Fined for Offering Links to Illegal Offshore Gambling Websites

Boomtown Reno

The Boomtown Casino in Verdi, near Reno, Nevada, was lucky to keep its license this week after it was forced to explain to the Nevada Gaming Control Board why it had provided links on its website to unlicensed offshore gambling sites. The casino, which is owned by BCH Gaming Reno, escaped with a $40,000 fine…Read More

PokerStars Seals Deal with Hong Kong-Listed Casino-Hotel Group to Expand Asian Tournament Footprint

Stanley Choi, chairman of International Entertainment Corp

PokerStars’ parent The Stars Group has inked a deal with Hong-Kong-listed International Entertainment Corp to operate land-based poker tournaments in “certain Asian counties” under the PokerStars brand, according to a filing by International to the Hong Stock Exchange. International Entertainment is the owner-operator of the five-star AG New World Manila Bay Hotel and Casino in…Read More

Connecticut Plans Special Session to Fast-Track Sports Betting

Dannel P. Malloy

Connecticut Governor Dannel Malloy said this week that “the world has changed” since the US Supreme Court struck down PASPA, paving the way for state-sanctioned sports betting. Malloy said he would talk with lawmakers on Wednesday with a view to organizing a special session to try to get a sports betting bill passed. He told…Read More

Culinary Union Expected to Vote for Citywide Las Vegas Strike, Walkout Unlikely

Culinary Union

The Culinary Union, Nevada’s biggest casino workers’ union, will vote on Tuesday on a measure that threatens to bring Las Vegas to a virtual standstill. For the first time in 15 years, the union’s 50,000 bartenders, bellmen, cocktail servers, food servers, housekeepers, kitchen staff, and porters will decide by ballot whether to stage a citywide…Read More