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Atlantic City Celebrates Second Consecutive Year of Gaming Revenue Growth in 2017

Atlantic City

The numbers are in, and New Jersey casinos are back. That’s the word from gaming officials in the Garden State after gross gaming revenue increased slightly in 2017, even after modest dip in December. New Jersey’s seven casino resorts increased their annual revenues by 0.3 percent, year-on-year, to $2.41 billion, according to figures by the…Read More

Wynn Land Deal Shows Deep Connections Between Wynn, Trump, and Ruffin

Trump Wynn Ruffin land

When Wynn Resorts announced that it was purchasing 38 acres of land across from the Wynn Las Vegas last month, it was unclear what the company or developer Steve Wynn might have planned for the plot of land that was once the Alon project site. But the deal did serve as a reminder of just…Read More

MGM REIT Pushes to Take Over Caesars Real Estate Trust, Would Create Major Player Among Publicly Traded REITs

MGM Growth Properties REIT Caesars

For monster casino operators like MGM Resorts and Caesars Entertainment, subsidiaries like REITs are just part of the game. But keeping track of who owns what and understanding what they can do with those branches is about as tricky and complex as playing chess while on roller skates on a speed boat. That doesn’t stop…Read More

Hard Rock Atlantic City Looks to Rehire Former Trump Taj Mahal Workers

Hard Rock Atlantic City jobs careers

Hard Rock Atlantic City is making good on its promise to revitalize the local region by encouraging former Trump Taj Mahal workers who were laid off by billionaire Carl Icahn’s closing of the Boardwalk casino resort in October of 2016 to apply for new employment. Scheduled to open this summer as a reimagined rock ‘n’…Read More

Macau Gambler Traffic No Longer from Just Beijing and Shanghai, as ‘Lower-Tier’ Chinese Citizens Become More Mobile

China Macau visitors

The Macau casino industry has largely depended on the citizens of China for its main revenue stream. But most of those visitors have also come from a select few parts of the country, or what are termed the “tier-one” cities of Shanghai and Beijing. Now, as reported in GGRAsia, analysts are saying that could all…Read More

Moody’s Gives Upstate New York Casino Del Lago Credit Rating Cut, Warns of Debt Default Possibilities

del Lago casino credit rating

The del Lago Resort & Casino in Upstate New York has struggled over its first 11 months in operation to come anywhere close to its projected revenues. Now faced with the reality that its gross gaming intake is going to come in around $100 million short for its first year, Moody’s Investors Service is slashing…Read More

Net Income at Major Las Vegas Strip Casinos Soars 191 Percent in Latest Fiscal Year

Las Vegas Strip casino net income

Las Vegas Strip casinos that grossed at least $1 million in annual gaming revenue are coming off a very prosperous 12-month run. That’s according to the 2017 Nevada Gaming Abstract, released late last week, which shows that net incomes surged 191.4 percent between July 1, 2016, and June 30, 2017 for these gaming venues. According…Read More

Atlantic City Courting Sporting Events in Anticipation of Operating Sports Books

Chris Howard

With the possibility of sports betting becoming legalized in New Jersey Atlantic City is wasting no time luring professional events to the boardwalk. The Casino Reinvestment Development Authority announced last Friday that The Professional Bull Riders tour, Division I men’s college basketball and a Bear Grylls survival challenge will come between September and December to…Read More

William Hill Considers Offloading Australian Business

William Hill to sell Australian operations?

William Hill is prepared to quit the Australian market in the face of regulatory pressures, the company said on Monday. Recently enacted gambling laws in the country have already seen the prohibition of credit lines and in-play betting and, with state-by-state point-of-consumption (POC) tax looming, the UK bookmaker’s Australian arm is beginning to feel the…Read More

20-Year-Old Shane Missler of Florida Wins $451 Million Mega Millions Lottery, Plans for Future

Shane Missler

Florida’s Shane Missler, 20, couldn’t even go into a bar and celebrate with a drink after he learned he won $451 million in the Mega Millions Lottery a week ago. Not that imbibing would have been his first inclination. The Floridian instead hired a lawyer and began charting his future after the windfall. When the…Read More

Indiana Congressman Todd Rokita Collected Cash From Casinos While Pushing Bill

Rep. Todd Rokita

An Indiana congressman and Senate candidate who has echoed President Donald Trump’s pledge to “Drain the Swamp” is finding himself mired in a potentially murky controversy over casino campaign contributions. The Associated Press reported last week that Rep. Todd Rokita (R- Brownsburg) accepted more than $163,000 from casino interests while sponsoring a bill that would…Read More

Point Place Casino Near Syracuse Threatens to Crowd Already Struggling Upstate New York Gaming Market

Upstate New York casinos

When Point Place Casino near Syracuse opens on March 1, the boutique $40 million, 65,000-square-foot casino will feature 500 slot machines and 20 table games. And while that might be great news for area gamblers, it’s not quite as welcomed by the competition. New York gambling venues have been sprouting up across the state since…Read More

Macau VIP Gambling to Slow in Second Half of 2018, Bernstein Analysts Predict

Macau VIP gaming revenue

Macau VIP gaming revenue will begin to cool off in the latter half of 2018. That’s according to analysts at Sanford C. Bernstein, who wrote this week that political and economic factors surrounding the Special Administrative Region will partially suppress the market. Fresh off a prosperous 2017 where gross gaming revenue soared 19 percent to…Read More

Philippines President Rodrigo Duterte Warns PAGCOR Officials to Avoid Graft and Corruption

Rodrigo Duterte PAGCOR Philippines

Philippines President Rodrigo Duterte warned government gaming regulators and casino operators yesterday that he would give no mercy against individuals who engage in graft or corruption. Speaking at a Philippine Gaming and Amusement Corporation (PAGCOR) event in Manila, the president said that while he appreciates the tax revenue the industry creates, he has zero patience…Read More

Cryptocurrencies Pose Regulatory Risk for Casinos in Asia, Says Ex-Police Chief 

Former Hong Kong police chief Steve Vickers

Cryptocurrencies are bad news for Asia’s casinos and gaming companies that flirt with them should expect a regulatory backlash from Beijing and other governments. That’s the lowdown from Steve Vickers, the former commander of the Royal Hong Kong Police criminal intelligence bureau, and now the head of his own specialist risk mitigation, corporate intelligence, security…Read More