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Macau Casino Revenue Tops Expectations, July Marks One-Year Winning Streak

Macau casino revenue July

Macau casino revenue is up for the 12th straight month, with July gross income totaling 22.9 billion patacas ($2.86 billion). That’s a 29 percent premium on the same month in 2016, the biggest monthly gain during the yearlong surge. The median forecast for July from gaming and financial analysts compiled by Bloomberg showed an anticipated…Read More

VIP Gamblers Win $10 million from Wynn Palace Macau

Casino magnate Steve Wynn reported during a call with stock analysts, Tuesday that a group of high rollers playing baccarat won $10 million from his Wynn Palace in Macau in April. It was one of the largest reported cashes for the game in a casino. The amount shocked the 75-year-old billionaire. Not because of the…Read More

Chris Christie and Atlantic City Mayor Don Guardian Both Take Credit for Town’s Stabilization

Chris Christie Don Guardian Atlantic City

New Jersey Governor Chris Christie (R) wants Garden State residents to know his administration is to thank for Atlantic City’s stabilization, but Mayor Don Guardian, also a Republican, says he deserves the credit. They might share the same party, but Christie and Guardian have endured a strained relationship since the mayor took office in 2014….Read More

Japan’s Proposed Limit on Casino Floor Space Might Hinder Market, Operators Expected to Scale Back Investment

casino floor Japan MGM Jim Murren

The size of the casino floors inside Japan’s two integrated resorts might be restricted to 15,000 square meters (161,458 square feet) should the country’s national legislature take the advice of a key advisory panel. The National Diet is presently working on its integrated casino resorts bill, which is expected to authorize construction of two multibillion-dollar…Read More

Mayweather vs. McGregor Cross-Sport Prop Bets Offered at Westgate SuperBook

Mayweather vs. McGregor odds prop lines

Mayweather vs. McGregor is officially less than a month away, and to entice its biggest handle possible, the Westgate Las Vegas SuperBook has unveiled a nearly unprecedented cross-sports prop sheet on the much-hyped fight that comes to blows on August 26. The book has a total of 40 cross-sport lines that allow fans to pair…Read More

Pala Casino Tries to Keep Up with the Joneses with $170 Million Expansion to Southern California Resort

Pala Casino expansion renovation

San Diego’s Pala Casino Spa & Resort announced this week that it will spend $170 million to expand and renovate its resort located 50 miles north of the Southern California city. The investment is to better compete with its neighboring rivals, Pechanga Resort & Casino and Harrah’s Southern California. It marks the property’s third major…Read More

Las Vegas Caesars Palace Forum Shops End Free Valet Parking, Charges Are New Trend

Caesars Forum Shops charge for valet parking

Whether you’re just window-shopping at the Forum Shops at Caesars Palace in Las Vegas, or dropping $50K or more at one of the chichi designer stores there, the trend started last year by MGM Resorts towards paid parking just took another hit. Because before customers even enter the über high-end mall, they’ll pay $7 to…Read More

MGM Revenues Rise But Profits Fall, Boyd Earnings Show Resurgent Locals Market

MGM CEO Jim Murren

MGM Resorts intends to focus on efficiency and profitability in coming months, CEO Jim Murren told investors Thursday, during the company’s earnings call, after reporting Q2 results that showed major revenue increases, but also significant earnings decreases. MGM reported that revenue rose 16.3 percent to $2.64 billion for Q2 2017, much of which was attributed…Read More

Michigan Tribal Casino in Lansing Denied by US Department of the Interior

Lansing tribal casino Michigan DOI

Construction of a Michigan tribal casino in Lansing is being blocked by the US Department of the Interior (DOI), which ruled this week that the Sault Ste. Marie Tribe of the Chippewa Indians doesn’t have the right to take new lands into trust in the state’s capital city. The tribe was hoping to build a…Read More

Nevada Casino Revenue Ends Fiscal Year Up Nearly Three Percent, Sportsbooks Win Big in June

June Nevada casino revenue sportsbook

Nevada casino revenue totaled $11,444,388,000 during the 2016-2017 fiscal period, a 2.9 percent increase compared to the previous year. For the 12 months from July 2016 through June 2017, casino win increased in 13 of the state’s 15 studied markets. The biggest gainer was downtown Las Vegas, which saw its bottom line expand by almost…Read More

Las Vegas Sands Earnings Beat Forecasts on Strong Quarter in Macau and Singapore

Las Vegas Sands earnings

Las Vegas Sands made $3.14 billion in net revenue during the third quarter of 2017, an 18.6 percent surge compared to the previous April through June period. In a financial disclosure, the corporation pointed to the recovery in Macau, paired with a record-setting performance at its Marina Bay Sands resort in Singapore, as the leading…Read More

Unions to Go After Crown Melbourne’s VIPs, Threatening ‘Social Media War’ After Layoffs

Unions blast Crown Resorts over slots sackings

James Packer’s Crown Resorts is facing a vicious backlash from Australia’s unions over its decision to sack 16 slots technicians at its flagship Crown Casino Melbourne. The chorus of anger has been amplified by the fact that Amtek, the company to which Crown has outsourced the jobs, is chaired by Jeff Kennet, the former premier…Read More

Connecticut Amends Tribal Gaming Compacts to Allow for New Casino

Connecticut tribal gaming compacts

Connecticut’s House of Representatives approved updates to the state’s tribal gaming compacts on Monday, clearing the way for the Mohegan and Mashantucket Pequot tribes to jointly build the state’s third casino, and its first on non-tribal land. On a vote of 118-32, the House joined Gov. Dannel Malloy, who signed revised agreements with the two…Read More

Caesars Bankruptcy Prevented Investment at Company’s Atlantic City Properties, Gaming Regulator Says

Caesars bankruptcy Bally's Atlantic City

Caesars shareholders voted to approve a merger of two of its operating companies this week, a step that moves the casino conglomerate closer to emerging out of Chapter 11 bankruptcy. That’s good news for two of its Atlantic City resorts, which suffered under the insolvency by receiving far less capital from its parent organization for…Read More

Big Bets on Conor McGregor Tighten Odds Against Floyd Mayweather, Fight Coming to Theater Near You

Conor McGregor Floyd Mayweather fight

UFC star Conor McGregor is being given little to no chance of winning his much-hyped boxing match against Floyd Mayweather next month by the sport’s analysts, but bettors in Las Vegas have faith that the mixed martial arts champ can pull off the upset. Lines on the August 26 clash at Las Vegas’ T-Mobile Arena…Read More