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Commercial Casino Revenue Up Four Percent Nationwide in September, Sports Betting Provides Boost

casino revenue sports betting US

Commercial casino revenue climbed four percent in September nationwide, and the analyst who compiled the report gives credit to the introduction of sports betting in four new states. Reno-based gaming analyst Ken Adams says in his September report, which he amasses for CDC Gaming Reports, that gaming revenue in the monitored 21 states was more…Read More

Tiger Woods vs. Phil Mickelson Match Tees Up Various Sports Betting Opportunities

Tiger Woods Phil Mickelson match

Tiger Woods and Phil Mickelson tee off at noon PT the day after Thanksgiving (Nov. 23) in a winner-takes-all $9 million match from Las Vegas’ Shadow Creek Golf Course. The golf spectacle will come with an abundance of betting opportunities, with the two superstars wagering their own money in various side bets during the round….Read More

Wynn Resorts Forecasts Macau Slowdown, Analysts Downplay Concerns

Wynn Resorts Macau casino revenue

Wynn Resorts CEO Matt Maddox delivered investors a rather gloomy forecast for Macau during last week’s third quarter conference call, but not all analysts are sold on the idea that the gaming enclave is headed for a slowdown. Maddox revealed that since Golden Week kicked off October, the company’s three Macau casinos have struggled. We’ve…Read More

Ho-Chunk Tribal Casino Resort in Beloit Moves Forward, Wisconsin Governor-Elect Supports $405M Project

tribal casino Wisconsin Ho-Chunk

A tribal casino planned for Beloit, Wisconsin, by the Ho-Chunk Indians is closer to receiving full authorization from the Bureau of Indian Affairs (BIA). Late last week, the City of Beloit announced that the $405 million Native American casino resort is making progress on the federal level. Town officials say the development will soon be…Read More

New York Jets Partnership With MGM Resorts Condemned by Circling Mystery Airplane Banner

New York Jets MGM Resorts

The New York Jets and MGM Resorts reached a multiyear gaming partnership late last month that integrates the casino company with the NFL franchise, but not everyone in the area is happy about it. During the Jets game on Sunday against the visiting Buffalo Bills, an airplane circled MetLife Stadium with a banner that read,…Read More

Golden Entertainment Results Far From Stratospheric, Company Posts Q3 Loss

Golden Entertainment

Stratosphere owner Golden Entertainment said during an earnings call this week it had experienced a “challenging” third quarter, as it posted a net loss of $3.1 million. Revenues for the tavern owner-turned budding casino giant nearly doubled to $210.3 million from $107.7 million, but the company failed to hit analysts’ forecasts, according to Zacks. The…Read More

US-China Trade War May Be Hurting Las Vegas Strip Baccarat Revenues

US-China Trade War

Is Las Vegas starting to feel the pinch from the US-China trade war? It may be a coincidence, but revenues from baccarat — the game favored by the Chinese high-roller, and a key driver of growth in the Las Vegas casino sector — have dipped on the Strip since July, when US President Donald Trump…Read More

More Visitors to Macau Casinos Being Busted for Illegal Smoking in 2018

Macau casino smoking

More people are being fined for smoking in unauthorized areas of Macau casinos this year, even as the overall rate of violations throughout the city has declined sharply. According to data released by Macau’s Health Bureau, there were 1,431 smoking fines issued in casinos during the first 10 months of 2018, an increase of nearly…Read More

Philippines President Rodrigo Duterte Says No Boracay Casino ‘Voice of God’

Rodrigo Duterte Boracay casino resort

Philippines President Rodrigo Duterte doubled down on his position that Boracay Island won’t be permitted to welcome casinos, and the controversial leader now says the decision is the “voice of god.” Boracay reopened in October after a six-month island-wide cleanup directed by Duterte, who called the popular vacation destination a “cesspool” that “smelled of sh*t.”…Read More

Deadwood Casinos Hoping to Rescuscitate with South Dakota Sportsbetting for 2021

Buffalo Bodega casino Deadwood SD

Could sports betting reverse the flailing status of Deadwood casinos? It’s an iffy proposition at best, according to one official, but regardless, measures have been taken to amend South Dakota’s constitution via a 2020 ballot initiative that would allow and regulate sports betting in the Mount Rushmore state. Even if such a measure passes in…Read More

Scientific Games Plunged $350 Million Into the Red in Q3 by Shuffle Machine Lawsuit

Scientific Games

Casino equipment and gaming solutions giant Scientific Games (SG) booked a $351.6 million loss for Q3, the lion’s share of which is attributable to an argument about a card-shuffling machine. In May, a federal court ordered SG to pay competitors $315 million, ruling it had engaged in “frivolous lawsuits” and “sham patents” in an effort…Read More

Steve Wynn Sues Former Company, Massachusetts Gaming Commission Over Attorney-Client Privilege Claims

Steve Wynn lawsuit Boston casino

Steve Wynn is suing the casino company he founded and the Massachusetts Gaming Commission (MGC) on grounds that the ongoing investigation into his alleged sexual misconduct has violated his attorney-client privileges. On Thursday, Wynn attorneys filed a lawsuit in Clark County, Nevada, against the Massachusetts Gaming Commission, MGC Investigations and Enforcement Bureau Director Karen Wells,…Read More

Delaware North to Drop $137 Million on Australia’s SkyCity Casino Darwin

SkyCity

US hospitality and gaming group Delaware North (DN) will acquire the SkyCity Casino Darwin in Australia’s Northern Territory in a deal worth $137 million. It will be the Buffalo, New York-based company’s first foray into casino ownership outside the US market, where it operates eight racetracks and casinos in New York State, Illinois, West Virginia,…Read More

$1.1 Million Casino Fraud Scheme Earns Georgia Woman Two-Year Prison Sentence

georgia woman

A 55-year old Georgia woman who could have faced as much as 20 years has been handed a two-year prison sentence for defrauding two California casinos, as well as several credit card companies, out of more than a million dollars between 2008 and 2014. Vivian Wang of Alpharetta, Georgia — located about 20 miles north…Read More

Palms Renovation Cost Increases Again, Red Rock Spending $690M on Off-Strip Property

Palms Las Vegas Red Rock Resorts

The Palms Las Vegas renovation budget seems to have no cap, as Red Rock Resorts announced during the company’s third quarter call that the price tag to overhaul the off-Strip property is once again increasing. In February, Red Rock explained it was upping the renovation cost from $485 million to $620 million in order to…Read More