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NASCAR Believes Sports Betting Could Grow Interest in Auto Racing

NASCAR odds sports betting Las Vegas

The 2018 Monster Energy NASCAR Cup Series Playoffs begin this weekend with the South Point 400 at Las Vegas Motor Speedway. And with the Strip roughly 15 miles south, and sportsbooks littered throughout the area, the topic of sports betting as it relates to auto racing has become a talking point heading into the 10-race…Read More

Macau Casinos Won’t Be Hit by Trade War Retribution: Analyst

Trade war

CLSA analyst Jonathan Galligan does not believe Macau’s casino sector will be detrimentally affected by Washington’s escalating trade war with Beijing, CNBC reports. Speaking at the annual CLSA Investors’ Forum in Hong Kong on Wednesday, Galligan, the firm’s head of Asia gaming and conglomerates, said it is “highly unlikely” that China will seek to apply pressure on…Read More

Graton Rancheria Indians Not Liable for $43 Million in Dispute with Sonoma Developer

A four-year long legal dispute between the Federated Indians of Graton Rancheria and Kenwood Investments, a real estate and development company in Sonoma, California, has been settled in the tribe’s favor. An arbitration panel ruled in favor of the tribe, saying they don’t owe the company $43 million to Kenwood for services rendered between 2002…Read More

Eldorado Resorts Gets AC Tropicana as Part of Seven-Casino Operational Deal

Reno-based Eldorado will get the AC Trop as part of a deal to take control of seven casinos for $640 million. The New Jersey Casino Control Commission gave Eldorado Resorts interim authority to operate the Atlantic City casino during a Wednesday meeting. The commission has nine months to decide on whether it wants to grant…Read More

MGM Springfield Underage Gambling Problems Dampen Massachusetts Casino’s Initial High Turnout, COO Blames ‘Porous’ Design

MGM Springfield is surpassing early expectations in terms of the number of people visiting Massachusetts’ first casino resort. But MGM casino executives admit that they’ve had issues with minors finding their way onto the gaming floor, which is not exactly the most comforting news to area residents. MGM Springfield president and COO Michael Mathis told…Read More

Virginia Bristol Casino Developers Face Off With Community Over Fears About Hookers, Drugs, and Crime

bristol casino

The developers behind a $150 million proposed casino development in Bristol, Virginia are on the defensive, addressing community concerns about the potential for prostitution, drug use, and increased criminal activity in the area when — and if — their project becomes reality, now that local government has given the gaming venue the green light. Casino gaming…Read More

Caesars CEO Mark Frissora Says Parking Fees Have No Impact on Las Vegas Tourism

Caesars Entertainment Las Vegas parking fee

Caesars Entertainment CEO Mark Frissora said this week that Strip parking fees, which have generated a strong backlash from some analysts and visitors, have no discernible impact on Las Vegas tourism. Frissora was speaking in New York City at a Bank of America investor conference focused on the gaming and hospitality industries. The chief executive…Read More

Las Vegas Raiders Stadium Designed With Super Bowl in Mind, Officials Optimistic Venue Can Host Big Game

Las Vegas Raiders Super Bowl

The Las Vegas Raiders are scheduled to begin playing in Sin City at the start of the 2020 NFL season. Soon after they do, the odds are growing strong that the $1.8 billion stadium will be designated as a future home of the Super Bowl. The Southern Nevada Sporting Event Committee (SNSEC), which was formed…Read More

New Jersey Sportsbooks Handle More Than $95M in August, Boosting Casino Revenue

New Jersey sportsbooks revenue

New Jersey sportsbooks started to reap serious benefits for casinos and racetracks in August, as gamblers plunked down more than $95 million in sports bets during the month. While most of that money came via retail sales at brick-and-mortar locations, it was also the first month in which some online betting was available, and as…Read More

Macau Regulator Granted New Powers to Shut Down Casinos as Typhoon Mangkhut Looms on Horizon

Typhoon Mangkhut

Macau’s gaming regulator, the DICJ, has been granted new executive power to completely shut down casino operations in the gambling hub in “exceptional circumstances.” On Wednesday, the Macau government cited a “typhoon or adverse weather” as an example. The announcement is timely: Typhoon Mangkhut, designated a “super typhoon” by meteorologists, is winging its way towards…Read More

Caesars Entertainment CEO Mark Frissora’s Days Could Be Numbered, Hedge Fund Owners Unhappy with Revenue Drops

Caesars Entertainment shareholders have seen their valuations decline nearly 17 percent in 2018, and several activist hedge funds that control a substantial portion of the casino operator are becoming discontent with the company’s leadership, specifically CEO Mark Frissora. New York Post journalist Josh Kosman reports this week that HG Vora Capital — a New York…Read More

Drama at Encore: Ex-Bachelor Winner Amanda Stanton Gets Arrested for Domestic Battery in Las Vegas

Amanda Stanton mug shot Encore arrest

Former The Bachelor contestant Amanda Stanton was arrested at Encore in the early hours Monday morning and charged with domestic battery after a hotel room party got out of hand. The 5’ 3’’ mother of two allegedly assaulted her 6’ 6’’ partner, professional volleyball player Bobby Jacobs, in front of hotel security, who immediately called…Read More

Atlantic City’s Ocean Resort Casino Tells Hurricane Florence Evacuees They Can Stay for Free

Hurricane Florence Carolinas Ocean Resort free offer

Update: Ocean Resort tweeted Thursday afternoon that the hotel is sold out of complimentary rooms through Saturday. The casino says hurricane evacuees will be offered free accommodations Sunday through Thursday (9/16-9/20).  Ocean Resort Casino in Atlantic City is offering up what’s available of its 1,399 guestrooms free of charge to those displaced by Hurricane Florence, which…Read More

Tokyo Casino on the Horizon? City Prepares Impact Study

Japanese casino market to be worth $15 billion

Tokyo city officials are to commission an impact study into hosting an integrated resort, the first concrete interest the Japanese capital has shown in participating in the country’s impending casino market. With the Japanese public largely opposed to casinos, according to opinion polls, and Tokyo almost entirely focused on preparing for the Olympic Games in…Read More

Wynn Macau Says Spike in IP Theft by Rogue Gambling Sites is Damaging Business

Wynn Macau

Wynn Macau has warned of an increase in rogue online gambling and investment websites illegally appropriating the company’s branding and intellectual property in a bid to “deceive members of the public” to depart with their hard-earned cash. In its interim report published Monday, the operator emphasized that neither it nor its parent Wynn Resorts offer…Read More

Bryson DeChambeau FedEx Cup Favorite, But Top Five Control Own Destiny

Bryson DeChambeau FedEx Cup golf odds

If the Las Vegas odds come true on September 23, Bryson DeChambeau will be handed a check for $10 million. Heading into the Tour Championship at East Lake, the 24-year-old (who will turn 25 September 16) is positioned to receive a payday that would surpass his entire career earnings, which include three wins in 2018….Read More

Vegas Golden Knights Regular Season Prop Bets Unveiled at Westgate SuperBook

Golden Knights odds NHL betting

The Vegas Golden Knights get back on the ice early next month following their historic inaugural year, and Sin City casinos are once again offering up a smorgasbord of odds in order to collect the largest handle possible on the home team. The Westgate SuperBook has posted numerous regular season propositions on the franchise’s second…Read More

Audit Concludes New Jersey CRDA Hasn’t Used Casino Funds Effectively, Miss America Ratings Flop

CRDA audit casino Atlantic City

The New Jersey CRDA, or Casino Reinvestment Development Authority, hasn’t been utilizing its funds as effectively or efficiently as possible, a state audit finds. The New Jersey Office of the State Auditor published its review of CRDA’s financial management for January 1, 2014, through the end of last year and found that the agency’s income,…Read More

MGM Resorts Offers to Make Charitable Donations on Behalf of Las Vegas Shooting Victims as Reward for Suing Them

Las Vegas shooting

MGM Resorts has offered to donate $500 to the charity of choice of each of some 2,500 plaintiffs who were injured or bereaved by the October 1, 2017 Las Vegas shooting, provided they accept legal notice they are being sued by the company. This is the latest gambit in MGM’s bid to dodge liability for…Read More

Melco Resorts Delisting From Philippines Stock Exchange, Files to Trade Macau Studio City on NASDAQ

Melco Resorts stock shares Macau

Melco Resorts and Entertainment is voluntarily delisting its subsidiary company from the Philippines Stock Exchange (PSE), and one financial institution thinks that’s a positive strategic move. Board members of Melco Resorts signed off on delisting Melco Resorts Philippines, the latter which owns City of Dreams Manila in the capital’s Entertainment City. The $1.3 billion integrated…Read More

Mohegan Gaming Beats Out Caesars, Hard Rock to Win Ontario, Canada Casino Contract

Mohegan Gaming

Connecticut-based Mohegan Gaming and Entertainment (MGE) has overcome considerable competition to win the rights to run Ontario, Canada’s two Niagara Falls-area casinos for the next 21 years. On Monday, the Ontario Lottery and Gaming Corporation (OLG) announced that MGE won the “Niagara Gaming Bundle Contract,” which includes the Fallsview Casino, Casino Niagara, and the under-construction…Read More

Nevada Gaming Control Board Issues 16-Point Checklist to Deter Sexual Harassment

Nevada Gaming Control Board sexual harassment

The Nevada Gaming Control Board (NGCB) has recommended requiring the state’s nearly 3,000 licensees to utilize a 16-point checklist to ensure their anti-sexual harassment policies are adequate. Board Chairwoman Becky Harris — the first woman to oversee the state agency — said if the proposal is accepted by the Nevada Gaming Commission (NGC), license holders…Read More

Employee Charged with Aiding $193K Wind Creek Montgomery Casino Robbery

Wind Creek Montgomery

A kiosk attendant at the Wind Creek Montgomery Casino, in Montgomery Alabama, has been charged in relation to theft from the casino last month of almost $193,000, which remains unrecovered. According to the Montgomery Advertiser, Courtney Deandrea Stanton pleaded not guilty to conspiracy to commit fraud and employee theft from an Indian gaming establishment. The…Read More

MGM National Harbor Baccarat Dealer Accused of Orchestrating Cheating Scheme

baccarat cheating scheme

A baccarat dealer at MGM National Harbor Casino in Maryland was charged with conspiracy charges by federal prosecutors after being accused of working with a partner on a cheating scheme. Dealer Ming Zhang will appear in US District Court in Maryland on Tuesday, where he will face a charge of conspiracy to transport stolen funds….Read More

Macau Casino Stocks Tumble Over Concerns of China Economic Slowdown, US Trade War

Macau casino stocks

Macau casino stocks took a hit on Tuesday as Deutsche Bank revised its growth forecast for the gambling hub over concerns that a slowing Chinese economy is impacting on its VIP yield. MGM China was worst affected, falling as much as 8.8 percent — its biggest 24-hour drop in almost two years. Galaxy Entertainment and…Read More