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Financial

Rumored Sale of Two Big Las Vegas Casinos

Two big Las Vegas Casinos may be up for sale. MGM Grand and Bellagio are rumored to be on the market for a buyout. This is filling World Series of Poker fans in America with uncertainty about where the event will be held. The fact that the WSOP final in summer was held at the […]

OYO Hotels buys Hooter Casino Las Vegas

Indian based hotel company, OYO Hotels has bought popular Las Vegas casino, Hooters. Come 2020 what gamblers knew as Hooters casino will become the OYO Hotel & Casino Las Vegas. Hooters was created to resemble the sports bar chain that had unconventional waitresses.  The casino, which is located near the Las Vegas strip, is seen […]

Resorts World Catskills Bought-Out

Resorts World Catskills USA

Resorts World Catskills, which has been deemed as ‘nearly bankrupt’, has been sold to a Malaysian billionaire. The New York-based casino, which is said to be the largest in the upstate area, has accepted a buyout. Empire Resorts, which is the parent company of Resorts World Catskills, had announced at the beginning of the week […]

Airport Slot Machines Will Benefit Illinois’ Revenue Coffers

Airport Slots games

A report by Union Gaming Analytics found that adding airport slots would bring in a significant revenue increase to Illinois. The study reportedly determined that adding slots to the Chicago Midway International Airport and O’Hare International Airport could bring in US$18.5 million a year. The estimated figure was determined by looking at adding 500 slots […]

Wheel of Fortune Slot Machine Player Wins $2 Million Jackpot

Wheel of Fortune Winners

The International Game Technology company congratulated a player who won a whopping $2,142,106.85 progressive jackpot on a Wheel of Fortune slot machine earlier this week. The company took to Twitter announcing the news. The player, whose identity is unknown, played at Silver Resort Casino in Reno, Nevada, where he received one of the biggest payouts […]

Wynn Resorts Does Better than Wall Street Expected

Wynn Resorts Q2 Results Better than Wall Street Forecast | US News

The second-quarter financial report was published on Tuesday to a resounding surprise for Wynn Resorts Ltd. Wall Street had written off the casino’s branches in Macau and Las Vegas, predicting losses in these quarterly results. In a turn of events, both casinos have shown resilience and performed well during the period. The Las Vegas-based casino […]

Pennsylvania Gaming Industry Shows Growth

Pennsylvania Gaming

Pennsylvania is on track to becoming an even richer gaming state. According to new financial records on the 2018/19 financial year, Pennsylvania gaming revenue made $3.3 billion. The gross income from wagering on sports garnered $21.7 million, online fantasy sports matches generated $23.5 million, and land-based casinos with table games created to winnings of $885.5 […]

Nevada Casinos Start Investing in Real Estate

US Casinos

Casinos in the US have some of the priciest real estates in the Las Vegas area. In spite of that but are now investing in their real property more fervently. A new wave of mergers, acquisitions, and leaseback agreements are sweeping through Sin City and Atlantic City. According to research, the aforementioned deals have been […]

Lucky Dragon Hotel and Casino Fails

Las Vegas’s Lucky dragon casino was recently sold for $36 million. The resort has been around for 2 years.  The casino and hospitality space was sold off on Monday and the new hotel will be without a gaming facility. Chairman and CEO of Ahern Rentals confirmed the news to a media house, stating that he had […]

Record Revenue Earned by New Jersey’s Online Gambling Market

new-jersey-division-of-gambling-enforcement

The legal online gambling industry in New Jersey has made record profits in March. Compared to the same period last year, online gambling operators made 53% more.  According to the New Jersey Division of Gaming Enforcement (DGE), there was over $39.1 million that was generated over the month of March. March’s revenue is also over […]

New Owner of Ocean Resorts Casino a Mystery

Ocean Resorts Casino Atlantic City Bought by mystery new owner

Ocean Resorts Casino in Atlantic City has reportedly been sold to a new owner. The announcement was made earlier in January. However, at this time, it is not known who the new owner of the casino property is. The current owner of the property is selling it less than six months after he reopened the […]

MGM Resorts and Caesars Entertainment Still Considering Merger

MGM Resorts and Caesars Entertainment in merger talks

Reports are emerging that MGM Resorts and Caesars Entertainment are continuing their talks for a potential merger between the two massive casino firms. Sources close to both companies have said that while talks are ongoing, there has been no formal offer placed on the table. However, MGM is apparently taking the potential merger seriously and […]

The $1.6 Billion Mega Millions Jackpot Has Been Won

Mega Millions $1.6 billion jackpot won

The record-breaking $1.6 billion Mega Millions lottery jackpot has officially been won! There was just one winning ticket, which was bought by someone from South Carolina. The laws in South Carolina allow winners to remain anonymous, so it’s unlikely we will find out who won. The final official total of the jackpot came to $1.537 […]

Mega Millions Jackpot Largest in History

Mega Millions Lottery Jackpot hits $1.6 billion

The Mega Millions lottery jackpot currently sits at a staggering $1.6 billion, which makes it the largest jackpot in history. This comes after no one managed to pick all six numbers correctly, following Friday’s draw. Even before Friday’s draw, the jackpot was the largest it had ever been for the Mega Millions lottery. However, officials […]