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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.

Del Lago Casino Wants Credit for Local Unemployment Dip, Resort’s Hotel Receives Tax Breaks

del Lago Casino unemployment

The del Lago Resort and Casino in Upstate New York says it’s to credit for the local dip in the unemployment rate. The New York Department of Labor recently revealed that the statewide unemployment rate was 4.8 percent in October, but in Seneca County, home to the del Lago property, that number was just 3.9…Read More

Australian Lottery Giant Tatts Gets Shareholder Approval for Tabcorp Merger

Robbie Cooke

Australia’s largest gaming company, Tabcorp Holdings, is just one court appearance away from completing an $11.3 billion merger with lottery operator Tatts Group. Tatts’ shareholders overwhelmingly agreed to the takeover on Tuesday, voting 99 percent in favor of the move. Just a 75 percent vote in favor was required for approval. The only detail that…Read More

Burnett Stepping Down as Chairman of Nevada Gaming Control Board

A.G. Burnett NGCB Chairman

Nevada Gaming Control Board Chairman A.G. Burnett announced on Monday that he was resigning from his post to take a job in the private sector. Burnett had served on the Gaming Control Board since 2011, and been chairman since 2012. Burnett’s tenure on the board was noteworthy for the number of changes he brought to…Read More

Las Vegas Strip Restaurateur Mario Batali Admits to Groping Female Employees

Mario Batali sexual misconduct

Haute cuisine impresario Mario Batali says he’s stepping aside from the day-to-day operations of his more than two dozen restaurants, which include three on the Las Vegas Strip, after admitting that sexual misconduct allegations made against the celebrity chef are true. ABC has also placed the famed chef on hiatus from its hit daytime cooking talk…Read More

More Revel Atlantic City Sale Rumors Emerge, Owner Glenn Straub Continues to Deflect

Revel Atlantic City Glenn Straub

Revel Atlantic City, the $2.4 billion Boardwalk resort that’s been shuttered since 2014, will reopen in May 2018 under new ownership and presumably a new identity. That’s according to Moody’s Investors Service, which said this week it’s received financial documents from a Denver-based real estate firm named AC Ocean Walk LLC that show it’s buying…Read More

MGM Resorts Stock a Collective Buy Among Financial Analysts

MGM Resorts stock Jim Murren

MGM Resorts stock is up nearly 10 percent from its October 2 trading price, which was the day after the Las Vegas shooting that left 58 victims dead. Comparatively, the S&P 500, which MGM is a part of, is up only five percent during the same period. Financial analysts remain bullish on the casino operator,…Read More

Bitcoin Gamblers See Earnings Grow, as Digital Currency Jumps on Futures Exchange

bitcoin futures trading online gambling

In one of the craziest days for cybercurrency trading in history, the price of a single bitcoin jumped from $16,700 to $16,748 in a matter of seconds on Monday. The decentralized digital currency has been fluctuating wildly over the last 12 months, with each single bitcoin worth over 2,000 percent more today than it was…Read More

Macau Casinos Begin to Support Esports

Macau esports event

In many parts of the world, including China, esports have rapidly become an increasingly popular pastime, with large crowds drawing major sponsors and big prize funds for top players. That meant it was only a matter of time before Macau’s casinos jumped on the bandwagon, using competitive video games as a way to help diversify…Read More

FCC Likely to Repeal Net Neutrality Rules This Week

FCC net neutrality vote

The Federal Communications Commission (FCC) will vote on Thursday to repeal the net neutrality rules that the same body put into place back in 2015, with the commissioners almost certain to approve the rollback. And while the change in rules could have broad implications for the internet as a whole, there are also possible changes…Read More

William Hill Adds Support to Scientific Games Takeover of NYX

Scientific Games NYX William Hill

The battle between Scientific Games and William Hill over the acquisition of NYX Gaming has seemingly come to an amicable conclusion, as William Hill is now providing support for the deal. In a press release distributed on Wednesday, Scientific Games announced several developments that make its takeover of NYX likely to proceed without major incident….Read More

Op-Ed: Why I Hope New Jersey Gets Its Own Legal Sports Betting in 2018

Chris Christie New Jersey sports betting SCOTUS decision

I won’t lie: I’ve made some underground sports bets in my life. I’ve also smoked pot, bought concert tickets from scalpers, and hung out at bars where I threw back cocktails hours after legal drink service officially wrapped up. (Okay, maybe that last one was most of my 20s, come to think of it). Personally,…Read More

MGM, CT Tribes Open to Competitive Bidding on Bridgeport Casino

Bridgeport Casino MGM Tribes

The two Native American tribes that operate casinos in Connecticut now say that they want to be part of any process that results in a casino being built in the city of Bridgeport. The move comes in response to MGM’s proposal to build a $675 million resort in the city, as well as a Tuesday…Read More

Expecting Massive Crowds, Las Vegas Triples Up on New Year’s Eve 2017 Security Spending

In response to the Oct. 1 mass shooting at an outdoor concert on the Las Vegas Strip, Nevada lawmakers have approved record funding to make sure revelers are safe on New Year’s Eve. A total of $357,000 will be spent on 358 National Guard troops who will be stationed on the Strip, downtown on Fremont…Read More

Galaxy Entertainment Looks to Invest $500 Million in Philippines Casino Resort

Galaxy Entertainment Philippines casino

Galaxy Entertainment is ready to take its show on the road and develop its first integrated casino resort outside of Macau. The Hong Kong-based gaming and hospitality conglomerate founded and owned by billionaire Lui Che Woo is reportedly seeking regulatory approval for a $300 million to $500 million project from the Philippine Amusement and Gaming…Read More

Macau Casinos Could Generate $53 Billion by 2022

Macau 2022 revenue Morgan Stanley

The Macau gaming sector is on an extended winning streak, with the territory’s resorts posting 16 consecutive months of revenue gains through November. Now, analysts are saying they don’t expect that trend to end anytime soon. According to data from Morgan Stanley, their analysts are predicting that 2017 is just the start of an upward…Read More