Eldorado Resorts plans to sell one-off its Lake Tahoe casino buildings when it gets its $17.3 billion acquisition of Caesars Entertainment Corp. As soon as the deal is finished, Eldorado Resorts will have three Lake Tahoe sites; the MontBlue, Harrah’s Tahoe and Harvey’s Resort. The three sites are situated in the South Lake region. This […]
The sale of MGM’s Circus Circus casino to billionaire Phil Ruffin has been cleared by the Nevada Gaming Commission (NGC). The deal between Ruffin and MGM Resorts International is worth $825 million. The sale was approved by the commission on Thursday, December 19 at an NGC meeting in which the sale of Circus Circus was […]
Atlantic City Casinos have altogether recorded a consecutive third year of growth in revenue. The nine casinos in Atlantic City combined have generated almost $225 million from slot machines and table games. These figures span from November 2018 to November this year. Not only has the year on year growth of these US casinos in […]
NJ gambling revenue has been on a rise since online gambling was legalised in the state. If ever there was the perfect marketing of the pros of legalizing New Jersey is it. Month on month the gambling revenues from the local; operators have been reaching record highs and surpassing those highs. New figures have been […]
A casino stock trader has decided to place a huge chunk of his money on a stake in Las Vegas Sands. Las Vegas Sands, MGM and Wynn Resorts have gone up in double digits at the stock exchange. But the casino stock market is quite a volatile one, and things can change at any given […]
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 […]
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, 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 […]
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 […]
New Jersey online casinos as a collective industry have again made record revenue numbers. Earlier this year, in March, record revenues were generated in the industry since it was fully legalized. This month of July, the state collected just over to $53 million, which is over 32% more than what was generated in March. The […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
In 2018, Atlantic City casino profits dropped more than 15% due to competition within the casino industry. The full year gross reports for nine casinos in the city were reported by the New Jersey Division of Gaming Enforcement. The gross operating profit for the gaming industry dropped to 15.4 %. Back in 2014 and 2016, […]
Employment at casinos in Atlantic City grew by 20 percent at the end of 2018. According to the New Jersey gaming regulator, the nine Atlantic City casinos reported a total employment of 27,927 in December 2018. This is figure is a 5,749 increase in jobs versus December 2017. Hard Rock & Ocean Resort Responsible for […]
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 […]
Atlantic City has once again had a good year in 2018. New Jersey’s casino city finished off the year on a high note, with Gross Gambling Revenue (GGR) increasing nearly 20% compared to December 2017. With the strong performance in December, Atlantic City was able to win more than $2.85 billion from its nine casinos, […]