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Wynn Resorts Names Phil Satre Board Chairman, Company Declares New Era

Wynn Resorts has officially named Phil Satre chairman of its board of directors, with the news coming three months after the former Harrah’s CEO joined the embattled company and was appointed vice chair. Satre replaces D. Boone Wayson, who is retiring after being on the Wynn Resorts board since its inception. The Wynn board is…Read More

Macau Government Says 35 Million People Will Visit Enclave in 2018, 70 Percent From Mainland China

Macau visitation Hong Kong bridge

The Macau Government Tourism Office (MGTO) says visitation is up in 2018 through the first nine months, and expects around 35 million people to travel to the enclave this year. If that total is realized, tourism would post an eight percent increase on 2017 when 32.6 million people visited the gaming hub. Mainland China accounts…Read More

Mashantucket Pequot Tribe Re-Elect Rodney Butler Chairman Amid East Windsor Casino Chaos

Mashantucket Pequot Rodney Butler casino

The Mashantucket Pequot Native Americans have re-elected Rodney Butler to the position of tribal council chairman, as the group continues to fight for a satellite casino in East Windsor, Connecticut. Butler has been in the role since 2009. It will be his fourth consecutive three-year term. The chairman has served on the tribal council since…Read More

Arkansas Voters Legalize Casino Gaming Through Controversial Ballot Measure

Arkansas casinos

Voters in Arkansas said yes to gambling expansion on Tuesday, approving a constitutional amendment that will legalize casino gaming and sports betting in the state. With 2,334 of 2,607 precincts declared, Arkansas Online reported an unofficial result of 453,275 for and 384,526 against the measure, known as Issue 4. Issue 4 authorizes casino gaming at…Read More

Analyst Says MGM Resorts and Caesars Entertainment Merger Odds Long, Downplays Rumored Negotiations

MGM Resorts Caesars Entertainment merger

Speculation has emerged that MGM Resorts and Caesars Entertainment are negotiating a deal that would merge Las Vegas’ two largest gaming companies — in terms of the number of properties — into one massive casino empire. One firm isn’t buying it. Nomura, a Japanese financial services group with an expertise in the gaming industry, denounced…Read More

Genting Malaysia Stock Plummets After Finance Minister Increases Casino Fees

Genting Malaysia casino tax

Genting Malaysia is in crisis mode after the gaming company’s home country announced a substantial tax increase on casino operations. Malaysian Finance Minister Lim Guan Eng shocked Genting shareholders late last week when he announced in his budget address that tariffs on gaming would be increasing by 10 percent. He added that annual fees for…Read More

Maryland Casinos Enjoy Record Win, Could Give Virginia Lawmakers More Reason to Legalize Gambling

Maryland casinos MGM National Harbor

Maryland casinos won $157.96 million last month to mark a new monthly all-time record haul in state gaming history. The bounty marked an 18.6 percent increase on October 2017 when the state’s six casinos won $133.23 million. The new monthly record surpassed the previous mark of $156.55 million by about one percent. MGM National Harbor’s…Read More

Nevada Regulators to Consider Gambling Inside Las Vegas Raiders Stadium

Nevada Las Vegas Raiders stadium

The Nevada Gaming Control Board (NGCB) will decide whether to recommend that certain forms of gambling be permitted inside the forthcoming $1.8 billion Las Vegas Raiders stadium when it opens in 2020. When Senate Bill 1, the Southern Nevada Tourism Improvements Act, was placed into law in October of 2016, the legislation mandated that no…Read More

Virginia Casino Blueprint Unveiled, Developers Urge State Lawmakers to Authorize Project

Virginia casino gambling law Bristol

Developers behind the Virginia casino planned for Bristol in the southwest part of the state have unveiled their resort concept, but warn that without approval from state lawmakers, the project that would create thousands of jobs won’t move forward. Should the Virginia General Assembly pass legislation to legalize commercial gambling and voters pass a local…Read More

NFL Week 9 Bloody Sunday for Sportsbooks, Bettors Win $7M to $10M

NFL odds lines Chiefs Browns

Week 9 of the NFL season was a bad day for oddsmakers but a good one for bettors, as numerous casinos and operators reporting massive losses due to several popular teams covering their spreads. The Pittsburgh Steelers, Minnesota Vikings, and Kansas City Chiefs all covered their spreads on Sunday. The Chiefs, who played at Cleveland…Read More

MGM Resorts and Caesars Entertainment Continue Merger Talks, Alignment Would Create $50B Company

MGM Resorts Caesars Entertainment merger

MGM Resorts and Caesars Entertainment are reportedly continuing their discussions on potentially merging the two casino giants. Talking with sources close to the negotiations, New York Post journalist Josh Kosman says there is no formal offer on the table. However, MGM has hired Morgan Stanley to assess the practicality of merging the two gaming empires….Read More

Rapper Drake Accuses Vancouver Casino of Racial Profiling

Drake

Hip hop and R&B star Drake has lashed out at a Vancouver casino for refusing to allow him to gamble, accusing it of “racially profiling” him. The Canadian was in town to perform two concerts as part of his Aubrey and the Three Migos Tour on Saturday and Sunday. After Saturday’s show, Drake — who…Read More

Atlantic City Credit Rating Upgraded, But Remains Below Investment Grade

Atlantic City credit rating Moody's

Atlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2. While that’s good news for the region, the new classification is a mark that still ranks below “investment grade.” Moody’s defines B2 as “being speculative and a high credit risk.” But that’s better than Caa3, which is described…Read More

Seminole Tribe Gives $1M More to Committee Urging Floridians to Approve Casino Ballot Question Next Week

Seminole Tribe Disney casino ballot question

The Seminole Tribe in Florida has given another $1 million to Voters in Charge, a committee that’s hoping voters will back a casino ballot referendum question next week during the midterm elections. Come Tuesday, November 6, Floridians will be asked whether they want to strip state lawmakers of their powers to decide future gaming matters…Read More

Philippine Casinos Would Benefit From Better Airport Infrastructure

Philippines casinos Manila airport

Casinos in the Philippines would benefit with more resilient VIP high roller play if the country invested in improving its airport facilities, a research note opines this week. Japanese financial services firm Nomura Holdings says in a note this week that the aging airports in the Philippines are preventing more wealthy visitors from patronizing the…Read More