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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

Massachusetts Moves to Legalize DFS, But DraftKings Miffed by Online Gaming Label

DraftKings in Massachusetts

A special commission in Massachusetts has recommended the State Legislature regulate daily fantasy sports, but pass on regulating online poker and casino gaming for the time being. But by labeling DFS as online gaming worthy of being regulated like gambling, Boston-based DraftKings is resisting the inclusion. DraftKings’ indignation arose from the Special Commission on Online…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

Wynn Resorts’ Strong Performance Not Strong Enough for Investors

Steve Wynn

Strong performances for Wynn Resorts in Macau and Las Vegas boosted the firm’s Q2 revenues beyond analysts’ expectations, but profits fell just short of projections. In an earnings call Wednesday, Wynn Resorts said revenue was $1.53 billion for the quarter, beating the $1.45 billion predicted by a survey of 13 Wall Street specialists. Meanwhile, profit…Read More