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Atlantic City Casinos Warm Up in April, Gross Revenue Climbs 1.3 Percent

Atlantic City casinos Hard Rock

Atlantic City casinos posted a negligible 0.3 percent gross gaming revenue (GGR) increase for April on their brick-and-mortar operators. However, when income from online operations are factored in, the industry saw its total win climb 1.3 percent. The seven remaining casinos posted $214.4 million in gaming win last month, more than $2.7 million better than…Read More

Connecticut Tribal Operators to Compete for Future Japanese Casino

Japanese casino

Connecticut’s two tribal operators, the Mohegans and the Mashantucket Pequots, may be collaborating on a proposed casino in the north of their home state, but when it comes to Japan, they will be going head to head in what is likely to be a fierce bidding process for a very limited number of licenses. Representatives…Read More

DraftKings Stakes Claim for US Legalized Sports Betting, Expanding from DFS Only

DraftKings sports betting

This morning, the US Supreme Court overturned PASPA, the professional sports betting ban. Now, the scramble to claim a piece of the new American sports betting market begins. DFS giant DraftKings wasted no time in staking its claim in the form of a press release that had presumably been poised since last June, when the…Read More

Delaware Lottery Official: SCOTUS Sports Betting Decision Might Hurt Casinos

sports betting Supreme Court PASPA

The Supreme Court’s decision that sports betting shouldn’t be a legislative authority possessed by Congress means Delaware’s monopoly on the activity east of the Rockies is likely no more. On Monday, the Supreme Court of the United States (SCOTUS) ruled that the Professional and Amateur Sports Protection Act (PASPA) passed in 1992 is unconstitutional due…Read More

Houston Rockets NBA Playoffs Run Costs Golden Nugget Sportsbook Due to Tilman Fertitta Ownership

Houston Rockets Tilman Fertitta NBA odds

The Houston Rockets tip off the Western Conference Finals tonight against the visiting Golden State Warriors, but for the Golden Nugget Las Vegas, the series is already in the books. Following billionaire Tilman Fertitta’s acquisition of the NBA franchise for a record $2.2 billion last September, his Golden Nugget casino in downtown Las Vegas excluded…Read More

Michigan Online Gaming, Sports Betting Bill Stalls in House, Hindered by Tribal Gaming

Michigan online gaming

Michigan’s online gaming and sports betting bill was tipped by its sponsor for passage through the House this week, but Representative Brandt Iden’s (R-District 61) prediction came up short. Iden’s bill would create the Lawful Internet Gaming Act, legalizing online gaming, online poker, and sports betting for the state’s 25 casinos, but while it generated…Read More

Mark Wahlberg Gets Atlantic City Ocean Resort Casino Blessing, Former Revel to Reopen June 28

Donnie Wahlberg, Paul Wahlberg and Mark Wahlberg

Hollywood’s highest-paid actor, Mark Wahlberg, has a vested interest in Atlantic City’s new Ocean Resort Casino and is praying it will be a fruitful one. Just for good measure, the actor-turned-entrepreneur — who was raised Roman Catholic, and has a permanent felony record for acts of violence committed in his teens — had the property…Read More

Japan Gaming Congress Focused on Nation’s Fledgling Casino Industry

Japan Gaming Congress 2018

The Japan Gaming Congress began on Thursday in Tokyo, with delegates and government officials on hand to discuss a variety of issues and topics related to the future of casinos in the Asian country. There’s no absolutely guarantee that Japan will have casinos in the near future. But lawmakers are working towards passage of the…Read More

MGM Resorts Announces $2B Stock Repurchase, Hints Potential Wynn Acquisition is No More

MGM Resorts Jim Murren stock repurchase

MGM Resorts says it plans to repurchase $2 billion worth of its own shares over an unspecified period of time, a motion that shows company executives are bullish on its future. The $2 billion repurchase follows a $1 billion stock buy announced last September. In a release, MGM says that buyback has been successfully completed,…Read More

Morgan Stanley: Macau Gaming Poised for Continued Growth, Firm Raises Mass Market Forecast

Macau gaming mass market

Macau gaming should continue to see gross revenue growth “for the next few years.” That’s according to analysts at Morgan Stanley Asia, who opined this week that the enclave’s casino industry is healthy. That isn’t necessarily a surprise considering gross gaming revenue (GGR) climbed more than 19 percent in 2017 to $33.2 billion. Last year…Read More

Las Vegas Union Representing 50,000 Resort Workers Threatens Strike, Walkout Would Cripple City

Las Vegas union casino strike

The largest Las Vegas union in gaming and hospitality is threatening resort and casino operators with a strike that could see as many as 50,000 workers walk off the job. The Culinary Union, a branch of the nationwide Unite Here labor organization, will hold a vote May 22 at the Thomas & Mack Center of…Read More

Las Vegas Lucky Dragon Casino Hoping for Bankruptcy Sale, But Main Creditor Has Other Ideas

Lucky Dragon for sale

Andrew Fonfa, owner of the Lucky Dragon Hotel & Casino, is hoping to sell the doomed venture via bankruptcy auction. According to the Las Vegas Review-Journal, bid procedures are scheduled to be considered at a court hearing on May 14, but there’s a big dispute about the valuation. Fonfa believes his property is worth $143…Read More

Las Vegas Casinos Grapple With Marijuana Legalities and Employee Testing Issues

marijuana Las Vegas casinos pot

Nevada’s new legal recreational marijuana laws have Las Vegas casinos inhaling confusion. And unlike Caesars Entertainment — which recently announced it would no longer screen most of its job applicants for pot use — most of the other major Strip operators are either keeping mum or continuing their screening for use of the drug, which…Read More

Park MGM Takes Over for Monte Carlo Casino in Las Vegas

MGM Park

The Monte Carlo Resort and Casino on the Las Vegas Strip officially rebranded as Park MGM today, Wednesday, May 9. The building’s $550 million revamp is far from complete, but on Wednesday, its website was displaying “introductory rates” on some of its rooms, offering guests a sneak peek at the Strip’s newest property at a…Read More

Caesars Drops Marijuana Testing for Prospective Employees, Multiple Factors Affect Decision

Caesars Entertainment drops marijuana testing

Caesars Entertainment has stopped testing prospective employees for marijuana use. The company told the Las Vegas Review-Journal Monday that Nevada’s recent legalization of recreational marijuana had been a major factor in revising its policy, but it was also driven by the simple need to recruit from a wider pool of talent. “A number of states…Read More