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Las Vegas Sees Plenty of Strip Investments, Thousands of Rooms Renovated, Construction Resuming

Las Vegas Strip resort renovation

Las Vegas is getting a series of makeovers, at least on the inside of the casino resorts that line the Strip. Gaming operators are currently in the process of spending upwards of one billion dollars in room renovation projects that will run through to the end of 2018. According to the Las Vegas Review-Journal, no…Read More

Macau Gastronomy Recognized by UNESCO, Mirrors Las Vegas as Nongaming Draws Expand

Gordon Ramsay

Macau culinary excellence is now right behind Las Vegas, as both gaming destinations are finding award-winning fine dining is proving to be an effective path to a gambler’s wallet. After the tremendous success Las Vegas has had with those who patronize gaming floors dropping big bucks at celebrity chef eateries, Macau foodies are also now…Read More

Maine’s Largest Tribes Oppose York County Casino

Maine casino referendum

The two largest Native American tribes in Maine have come out against the proposed York County casino, pitting them against at least one other tribe in the state that is supporting the Question 1 referendum on next week’s ballot. In a joint statement issued Thursday, the chiefs of the Penobscot Nation and two Passamaquoddy communities…Read More

Galaxy Entertainment First Macau Gaming Operator to Accept WeChat Pay

Galaxy Entertainment WeChat Pay Macau

Galaxy Entertainment, one of just six licensed gaming operators in Macau, announced this week that it will soon begin accepting WeChat Pay mobile transactions at its three major properties, Galaxy Macau, StarWorld Macau, and Broadway Macau. WeChat is a popular social media platform in China that has almost a billion monthly active users. Its Pay…Read More

Richard Branson Shopping for Resort Property in Las Vegas to Make Virgin Hotel

Richard Branson

Virgin Group founder Richard Branson owns everything from an airline and health clubs to a commercial spaceflight company and a small media empire. Now the eccentric billionaire has his sights on the hotel business in Las Vegas. This past week, Branson expressed interest in buying an existing casino-resort property and putting it under his brand,…Read More

Analysts Raise VIP Estimates for Singapore Casinos

Singapore casinos VIP revenue

Brokerage Sanford C. Bernstein has pushed its estimates of 2017 VIP gross gaming revenue at Singapore casinos up by 18 percent, based mostly on the strength of one resort’s impressive performance. In a note published Friday, analysts wrote that they expect VIP revenue for Marina Bay Sands and Resorts World Sentosa will come to nearly…Read More

Playtech Shares Plunge Following Profit Warning

Playtech profit warning

Online gambling giant Playtech saw its shares fall by more than 20 percent following an announcement from the company that profits would not be in line with expectations for 2017. The warning saw shares fall approximately 21.5 percent on Thursday, closing at £7.71 ($10.08) a share. The firm said that its full year profits would…Read More

Philadelphia Casino Lawsuit Dropped, PA Gambling Expansion Bill Generates $1 Million

Philadelphia casino Pennsylvania gambling

A second Philadelphia casino is cleared for construction, after rival SugarHouse dropped its ongoing lawsuit against Stadium Casino, LLC, that has prevented the Live! Hotel & Casino project in the Stadium District from moving forward. The cease of the legal challenge comes as a result of the massive gambling expansion bill signed into law this…Read More

Las Vegas Shooter Stephen Paddock Had Been on Gambling Losing Streak Prior to Attack, MGM CEO Jim Murren Speaks Out

Stephen Paddock gambling losses

Stephen Paddock had seen his net worth decrease substantially in the two years prior to the Las Vegas Mandalay Bay shooting on October 1, according to the latest information from Clark County Sheriff Joe Lombardo. The man who killed 58 country music fans below his 32nd floor suite had seen losses from his excessive gambling…Read More

Steve Wynn Gets ‘Primordial’ Sharing His Casino Vision with Boston Business Leaders

Steve Wynn Boston Harbor casino

Steve Wynn appeared before the Greater Boston Chamber of Commerce on Tuesday, in part to dish on the hidden benefits of Wynn Boston Harbor, a $2.4 billion casino resort slated to open in June 2019. Perhaps to the surprise of the few dozen in attendance, however, what matters most are water, sunlight, and plants, he…Read More

Sands Cotai Central Rebranding Could Hurt Short Term Revenues

sands cotai central rebranding

While the Sands Cotai Central’s rebranding may be good for business eventually, construction work could hurt the property’s ability to draw gamblers in the meantime. That’s the word from Japanese brokerage firm Nomura, which made the assessment based on plans announced by Las Vegas Sands last week. As reported in October, Sands is looking to…Read More

Trump Plaza Set for Demolition in Atlantic City, Property Liquidation Underway

Trump Plaza demolition Carl Icahn

Trump Plaza is reportedly on the chopping block in Atlantic City, as Mayor Don Guardian (R) told the Press of Atlantic City this week that plans are in place to demolish the Boardwalk property formerly owned by President Donald Trump. Trump Plaza sits on some of the most prime real estate in all of Atlantic…Read More

Macau Casinos Post 15th Straight Month of Gains, October Revenue Best in Three Years

Macau casinos October revenue

Macau casinos took full advantage of China’s Golden Week holiday last month, as the country’s special gaming enclave reported its highest gross revenue win in three years. The Macau Gaming Inspection and Coordination Bureau reported that the region’s casinos won 26.6 billion patacas ($3.3 billion) in October, a 22.1 percent surge on the same month…Read More

New York Assemblyman Gary Pretlow Calls for Upstate Casino Review, as Revenues Fall Short of Expectations

Gary Pretlow New York casinos

New York Assemblyman Gary Pretlow (D-Mount Vernon) has requested State Comptroller Thomas DiNapoli to try and figure out why three upstate casinos that recently opened are far from meeting their pre-market revenue expectations. Pretlow, one of New York’s most active gaming expansion proponents, believes the financial difficulties may eventually lead the resorts into requesting assistance…Read More

‘Demonstration Mode Only’ Brazil Casino Feels the Sting When Police Raid Venue for Switching to Real Money Slots

Winfil Casino Brazil casino raid

An attempt by a Brazil casino to offer the first legal gambling in the South American country came to a crashing halt when police raided the venue on Monday, after it began taking real money bets. The operators had been given “demo mode only” parameters for the property, but took it to the next level….Read More