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Poll Finds Hokkaido Public Strongly Opposed to Integrated Resort in Prefecture

Hokkaido Tomakomai polling IR

According to a poll conducted by the Hokkaido Shinbun newspaper, local residents are staunchly against bringing an integrated resort to the Hokkaido prefecture, though the level of animosity varies depending on where in the area people live. Overall, 65 percent of respondents said they opposed Hokkaido hosting one of the integrated resorts recently approved by…Read More

Gaming Analyst Says Domestic Casino Stocks Present Buying Opportunities, Cautiously Optimistic on Macau

gaming analyst casino stocks Wynn

Jefferies gaming analyst David Katz is bullish on domestic casino stocks that he feels have been oversold this past year and are now cheap and ripe for the taking. Appearing on CNBC, Katz believes the gaming industry, especially in the US, presents numerous buying opportunities for investors. Everything looks like a screaming buy,” Katz declared….Read More

Caesars Entertainment Posts Q3 Profit, Investors Bullish on Company Future

Caesars Entertainment stock Mark Frissora

Caesars Entertainment reported Thursday that revenues totaled $2.19 billion in the third quarter, and net income was $110 million, or 14 cents per share. A year ago, the 3Q saw investors lose $2.90 a share on a net loss of $433 million. The financial turnaround would presumably be reason to celebrate Caesars CEO Mark Frissora,…Read More

Missouri Gaming Commission Recommends $50K Fine for Cheating Incidents at Mark Twain Casino

Mark Twain Casino cheating

The Missouri Gaming Commission has recommended that the Mark Twain Casino in LaGrange be fined $50,000 for multiple cheating incidents that took place between December 2016 and August 2017. According to the commission’s preliminary order for disciplinary action, the incidents involved a lack of supervision at table games, which allowed dealers to aid players in…Read More

Pennsylvania Casino Fined For Admitting Underage Male Gambler Who Claimed to Be 42-Year-Old Woman

Presque Isle Casino

The Presque Isle Casino in Erie, Pennsylvania has been fined by regulators for permitting five cases of underage gambling on its premises, including one instance that left security staff with egg on their faces. In August, a 20 year-old-male was stopped at the door after flashing the ID of a 42 year-old woman. On being…Read More

Churchill Downs Expands Casino Holdings, Will Pay Up to $500M for Rivers Casino Near Chicago

Churchill Downs Incorporated (CDI) will pay up to $500 million to acquire a majority stake in the Rivers Casino in the Chicago suburb of Des Plaines. Illinois’ most lucrative riverboat, Rivers is currently owned by the Clairvest Group Inc, a subsidiary of Midwest Gaming Holdings, and Rush Street Gaming. Under the complex multiparty and multi-stage…Read More

Macau Gaming Revenue Hits Four-Year High, Win Totals $3.38B

Macau casino gaming revenue October

Macau casinos won 27.3 billion patacas ($3.38 billion) in October, a 2.6 percent year-over-year gain. It’s the highest monthly gross gaming revenue (GGR) haul in four years. Last month was the industry’s highest GGR mark since October 2014 when the region won $3.5 billion. October 2018 was the enclave’s 27th consecutive monthly increase. Year to…Read More

Washington State Snoqualmie Casino Employee Highway Deaths Spur $1 Million Donation for Road Upgrades

Snoqualimie Casino — located north of Seattle in Washington State — is offering $1 million in funding to help kick-start safety upgrades on a nearby highway where several employees tragically lost their lives. The decision to take action came after two casino employees were killed in a crash while traveling to work along the Tiger…Read More

Oracle Billionaire Larry Ellison Intends to Reopen Cal Neva as Five-Star Casino Resort

Larry Ellison Cal Neva casino Lake Tahoe

If you thought billionaire Larry Ellison was going to scrimp on the next chapter of the historic Cal Neva casino resort, think again. The Oracle founder has told the Lake Tahoe Regional Planning Agency that the idea is to bring the Lake Tahoe property back to its former grandeur. Lake Tahoe Regional Planning spokesman Tom…Read More

Penn National Goes Hollywood with Second Satellite Submission to Pennsylvania Gaming Control Board

Penn National Gaming’s search to find a home for its second satellite casino in Pennsylvania is over. The company submitted an application with the Pennsylvania Gaming Control Board (PGCB) to build Hollywood Casino Morgantown near Reading, the state’s fifth most-populated metropolis. The application calls for PNG to build in Caernarvon Township in the southeastern part…Read More

Atlantic City Employment Drops as Colder Temperatures Arrive

Atlantic City employment jobs casinos

Atlantic City employment numbers continue to drop at the town’s nine casino resorts. That’s expected, as temperatures cool off and fewer visitors make their way to the Jersey Shore. According to September figures released by the New Jersey Division of Gaming Enforcement (DGE), Atlantic City casinos employed 21,806 full-time workers, 2,944 part-timers, and 4,109 “others”…Read More

MGM Resorts Delivers Las Vegas Some Good News, Beats 3Q Expectations

MGM Resorts earnings casino stocks

MGM Resorts topped its own and analyst expectations in the third quarter, and the financial filing is delivering some much-needed good news to the Las Vegas gaming industry. In the quarterly report released yesterday, MGM said revenue increased seven percent to $3.03 billion. Net income was $171.4 million, or 26 cents per share. Analysts were…Read More

No Love for Lucky Dragon at Foreclosure Auction, Stricken Property Receives Zero Bids

Lucky Dragon

Lucky Dragon’s unlucky streak continued Tuesday when a bankruptcy auction for the hapless Las Vegas casino failed to attract a single bidder. With no advances on the $35 million base bid, the building became the property of Snow Covered Capital, Lucky Dragon’s primary creditor and beneficiary. The venture capital firm must now decide what to…Read More

Philadelphia 76ers, Caesars Become First NBA-Casino Operator Branding Partnership

On Tuesday, Caesars Entertainment and the Philadelphia 76ers announced a first-of-its-kind branding partnership, in a relationship that will be a novel alliance between an NBA team and a casino operator. The deal means that Caesars becomes the first casino operator to secure partnerships with teams in both the NBA and NHL. The deal is a…Read More

MGM Resorts Becomes Official NHL Sports Betting Partner

NHL

The NHL has signed a major sports betting deal that will see it provide official data to MGM Resorts’ sports books. Per the agreement, MGM will receive access to proprietary NHL data generated by the league’s new tracking systems, which are currently under development. This is expected to include the kind of high-tech puck-and-player tracking…Read More