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Casino Stocks Stable, But Miss Out on Bullish Wall Street After Las Vegas Shooting

casino stocks Las Vegas shooting

Publicly traded casino stocks associated with Las Vegas seem to be missing out on a wildly bullish phase for Wall Street. While shares haven’t dropped as much as some analysts predicted in the week following the Oct. 1 Mandalay Bay shooting that left 59 dead (including perpetrator Stephan Paddock), the companies aren’t gaining value either,…Read More

Average Macau Casino Visitor is 36, Male, Earns $34,000 Per Year

Average Macau gambler is 36 and earns $34,000

Macau’s average gambler is a 36-year-old male, hails from one of China’s most economically developed cities (such as Shanghai, Beijing, Guangzhou or Shenzhen) and earns 19,000 Chinese yuan, or US$2,900 per month. His gambling budget is US$3,035 per trip. That’s according to a study by analyst Sanford C. Bernstein and Co, which aimed to “dig…Read More

Japanese Financial Giant Nomura Eyes Yokohama’s Casino Potential

Nomura interested in Yokohama casino

Japanese banking giant Nomura said this week that the cities of Osaka and Yokohama were the “prime-candidate” destinations for the country’s planned new casinos. Nomura is particularly interested in the potential of Yokohama, where it is building a passenger ship terminal, complete with shopping mall and hotel in, via a public-private partnership called “Yokohama Pier9”….Read More

MGM Resorts Disputes Las Vegas Metro Revised October 1 Shooting Timeline

MGM Resorts Joe Lombardo Las Vegas

MGM Resorts, the parent company of Mandalay Bay where the October 1 shooting that killed 58 people took place, is now taking issue with the latest timeline of events as laid out by Las Vegas Metro police head and Clark County Sheriff Joe Lombardo. On Monday, Lombardo said that Mandalay Bay security guard Jesus Campos…Read More

US Fails to Qualify for 2018 World Cup After Embarrassing Defeat, Vegas Sportsbooks to Suffer

2018 World Cup US men's team

The US men’s soccer team won’t participate in the 2018 World Cup in Russia. That’s not because of some political protest, but rather due to poor play by the American team that can only be described as embarrassing. On Tuesday night, the United States fell 2-1 to Trinidad and Tobago. Paired with Honduras upsetting Mexico…Read More

Massachusetts Lottery Could Become Sixth State Lotto to Go Online

Massachusetts Lottery online sales

The Massachusetts Lottery is worried that neighboring New Hampshire’s legalization of online keno will hamper sales, and that’s why numerous state senate candidates are backing efforts to also enact internet lotto scratch offs and games. Before she resigned from her seat this year to take a position on the Cannabis Control Commission, Massachusetts State Senator…Read More

Regulator Memo: Organized Crime Using Vancouver Casinos for Money Laundering

River Rock Casino in Vancouver

Organized crime in British Columbia’s casinos is a “viable threat to public safety,” according to a memo sent by Gaming Policy Enforcement Branch intelligence to a minister of the provincial government in April. The memo was obtained this week by Canada’s Postmedia via a freedom of information request. And though it was significantly redacted in…Read More

Las Vegas Casinos, Police Working Together to Assess Security in Shooting Aftermath

Las Vegas casinos shooting memorial

As Las Vegas tries to move forward after last week’s massacre on the Strip, police are still investigating what happened while working with casino security operations to figure out what happens next. Changes to security tactics are inevitable, and determining best practices will rely on coordinated efforts between federal agencies, local law enforcement, and private…Read More

Atlantic City Could See Two Casinos Reopen in 2018, Atlantic Club Deal Reportedly in Works

Atlantic City Atlantic Club casino resort

Atlantic City will get its eighth casino when the former Trump Taj Mahal reopens as Hard Rock next year, but the Boardwalk resort might not be the only shuttered property to return to life in 2018. According to The Press of Atlantic City, a deal is in the works for Florida-based TJM Properties to sell…Read More

Mandalay Bay Shooting Timeline Changes, as Stephen Paddock Past Testimony Comes to Light

Stephen Paddock New Information Emerges

In a new twist, Clark County Sheriff Joe Lombardo revealed on Monday that the gunfire aimed towards a security guard from inside the Mandalay Bay in Las Vegas on October 1 preceded the shooting on the crowd below. Gunman Stephen Paddock first discharged some 200 rounds at a hotel security guard who approached his room…Read More

College Football’s Upset Saturday Alters National Championship and Heisman Odds

college football upset Michigan

College football is never predictable, and that was certainly the case on Saturday. Heading into week six of the NCAA season, it seemed to be a rather ho-hum smorgasbord of matchups, as there were just two games where both teams were ranked inside the top 25. But the underdogs came through in making up for…Read More

Hurricane Nate Causes Gulf Coast Casino Shutdown

Hurricane Nate Shuts Down Gold Coast Casinos

Hurricane Nate made landfall close to the mouth of the Mississippi on Saturday night as a Category 1 storm, battering the costs of Louisiana, Mississippi and Alabama with 85 MPH winds, and causing an almost 20-hour shutdown of Mississippi’s 12 Gold Coast casinos. The Mississippi Gaming Commission gave the order to shutter casinos for business…Read More

Crimea Moves Closer to Approving Casino Resort Plans

Crimea Russia casino Yalta

Crimea lies in one of four zones earmarked for gambling, but despite its authorization to build casinos, today no such facilities exist. Crimean Minister of Economic Development Andrei Melnikov says that will change in the coming years. Responsible for spurring economic development, Melnikov explained recently that Crimea has filed all the appropriate paperwork with the federal…Read More

Macau Visitation Surges During Golden Week, Junkets Want Credit Database

Macau Golden Week visitation

Macau visitor arrivals jumped almost 12 percent year-over-year during China’s October 1-7 Golden Week, much welcomed statistics for casino resorts that suffered from a recent typhoon that caused an economic loss of $1.42 billion. China has two Golden Weeks each year where employers are encouraged to give their workers paid time off for an entire…Read More

Maryland Casinos Not Named MGM See Revenues Fall Over 12 Percent

Maryland casinos MGM National Harbor

Maryland casinos struggled in September 2017 compared to the same month a year earlier, as their total gaming win plummeted 12.3 percent. Maryland Live! near the Baltimore-Washington International Airport, once the richest gambling floor in the state, generated $46.9 million in earnings, a 13 percent loss on 2016. Caesars’ Baltimore Horseshoe collected $21 million, a…Read More