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Blackstone Group Acquires Spanish Gaming Giant Cirsa

Cirsa founder Manuel Lao

US private equity fund the Blackstone Group is to acquire Spain’s largest casino and bingo hall operator, Cirsa. The two companies announced the deal in a joint press release on Friday, and, while exact terms were not disclosed, Cirsa’s asking price was known to have been between €2 billion ($2.4 billion) and €2.5 billion ($3…Read More

Ocean Resort Casino Owner Explains Atlantic City Investment, Reveals Boardwalk Property Future

Ocean Resort Casino Atlantic City

Ocean Resort Casino owner Bruce Deifik is hoping to transform the former Revel Atlantic City into a more welcoming property than its previous incarnation. “The first thing we did is pay very close attention to what people said about this place, positive and negative,” Deifik recently told the Associated Press. “We will listen … treat…Read More

Steve Wynn Files Defamation Lawsuit Against Former Salon Director, Makes Early Exit from Wynn Las Vegas Villa

Steve Wynn lawsuit sexual misconduct

Steve Wynn remains on the offensive in defending his character against numerous allegations of sexual misconduct. In a lawsuit filed Thursday in Clark County District Court, the billionaire accused former salon artistic director Jorgen Nielsen of defamation. Nielsen was one of two people to go on the record with The Wall Street Journal for its…Read More

Wynn Resorts Renames Massachusetts Casino Encore Boston Harbor

Wynn Resorts Everett Boston Harbor

Wynn Resorts CEO Matt Maddox appeared before the Massachusetts Gaming Commission (MGC) this week, and he came bearing critical news. The chief executive who replaced Steve Wynn in the wake of numerous allegations of sexual misconduct made against the billionaire, Maddox told the MGC that “this company is not about a man. It hasn’t been…Read More

Tribal Casinos Subject to US Labor Law, Rules Federal Court

Casino Pauma

Tribal operators cannot disrupt unionizing on casino properties, said a federal court Thursday, the culmination of a case that pitted the scope of tribal sovereignty head-on against the federal National Labor Relations Act (NLRA). The US Court of Appeals for the Ninth Circuit ruled the National Labor Relations Board (NLRB) had acted correctly when it censured…Read More

Mandalay Bay Struggles for Occupancy Post-Vegas Shooting, Admits MGM, As It Revises Revenue Forecast

Mandalay Bay is taking longer to recover than expected, says Murren

MGM Resorts International’s Mandalay Bay is taking longer than expected to recover from the Las Vegas shooting, the company’s CEO Jim Murren told analysts during a Thursday conference call to discuss Q1 earnings. Murren said the property’s revenue declined by 6.3 percent during Q1 to $245 million, while occupancy was at just 85 percent, a…Read More

Crown Resorts Fined AU$300,000 for Slots Tampering

Crown Resorts fined

Australia’s Crown Resorts has been dealt the biggest fine in its 25-year history after it was found to have practised “button blanking” on 17 of its slot machines at its flagship Melbourne casino. The regulator for the Australian state of Victoria, VCGLR, fined the company AU$300,000 ($270,000) for the infraction and ordered it to draft…Read More

NFL Draft Round One Betting Recap, Cleveland Browns Roll Dice With Baker Mayfield

NFL Draft odds sports betting

No story on day one of the NFL Draft was more surprising than the Cleveland Browns rolling the dice on Baker Mayfield and selecting the Oklahoma Sooner quarterback as the number one pick of 2018. USC quarterback Sam Darnold was seen as the consensus favorite last month, with sportsbooks listing him around 2/1 to 3/1…Read More

Japan Casino Bill Approved by Cabinet, Authorizes Three Integrated Resorts

Japan casino bill Shinzo Abe

The long-awaited Japan casino regulatory bill is finally here. On Friday, Prime Minister Shinzo Abe’s Cabinet approved the measure that seeks to authorize commercial integrated casino resorts. The statute initially calls for three gambling properties, with taxes on gross revenues set at 30 percent and residents charged a JPY 6,000 ($55) entrance fee while granting…Read More

Osaka Casino Up and Running by 2023 Despite Hurdles, Says Governor

Osaka casino up and running by 2023, says governor, Ichiro Matsui

Osaka Governor Ichiro Matsui is confident that his city will have Japan’s first integrated resort up and running by 2023 – or 2024 “at the latest” – should it be chosen as one of three host regions for the new casino market. Osaka is a strong favorite, along with Tokyo and Yokohama, to host the…Read More

Trump Lawyer Marc Kasowitz Linked to Push to Lift Locals Gambling Ban in Vietnam

Marc Kasowitz

Did President Donald Trump ask Vietnamese Prime Minister Nguyen Xuan Phuc to lift the locals ban in Vietnam’s foreigner-only casinos as a favor to his longtime lawyer, Marc Kasowitz? According to left-leaning, Pulitzer Prize-winning ProPublica, it’s certainly possible – or, at the very least, the call that the then-president-elect made to the Communist leader on…Read More

Caesars Entertainment Continues Global Expansion in Mexico

Caesars Entertainment Mexico

Caesars Entertainment is on a development spree. On Wednesday, the company announced its third project in two weeks, this time revealing the brand is headed south to Mexico. Caesars has entered into a partnership with a Mexican real estate development firm called Grupo Questro to manage a $200 million non-gaming beachfront resort in Puerto Los…Read More

Macau Casino Employees Less Satisfied in Workplace, but More Confident in Career Outlook

Macau casino workers satisfaction survey

Macau casino employees are less satisfied in their workplaces than they were a year ago. That’s according to a gaming workers study conducted by the Macau University of Science and Technology’s Institute for Sustainable Development. The poll found that gaming workers had a satisfaction index rating of 3.17 points out of a possible five. That’s…Read More

Las Vegas Sands Considering South Korea, Japan, Company Reports Strong Earnings

Las Vegas Sands Sheldon Adelson

Las Vegas Sands, the world’s largest casino operator in terms of revenue, is looking to expand its empire. Company founder Sheldon Adelson revealed during an earnings call this week that South Korea and Japan have emerged as two preferred destinations. Sands, like nearly every other major casino company, is anxiously awaiting Japan’s unveiling of its…Read More

MGM Springfield Opening Ahead of Schedule on August 24, but Wynn Boston Takeover Rumors Persist

MGM Springfield opening August

MGM Springfield is set to open ahead of schedule on August 24. That’s welcomed news to area officials, but doesn’t put to rest rumors that the casino company isn’t still in active talks to acquire the unfinished Wynn Boston Harbor development. MGM Springfield is a $960 million integrated resort (IR) just north of the Connecticut-Massachusetts…Read More