October 15th marks three months since the sports betting market kicked off in New Jersey. Now that the market has had some time to develop, meaningful data is being released. Recently, the New Jersey Division of Gaming Enforcement (DGE) released its latest set of data and sports betting is really starting to dominate the market. […]
The SLS Las Vegas Hotel and Casino is set to receive a $100 million renovation from its current owner, Alex Meruelo. The SLS has long been underperforming and has even been made fun of, thanks to its performance and the strange statue found at the entrance. With these new renovations, Meruelo is hoping to turn […]
The UK has recently told online casinos that they will need to remove any form of withdrawal restrictions for players. Following a report by the UK’s Competition and Markets Authority (CMA), it has been determined that players must be allowed to withdraw their money whenever they decide to. The investigation by the CMA occurred following […]
Frank Fertitta, who is the CEO of Station Casinos, went all in on his daughter’s dream wedding. The Las Vegas billionaire spared no expense for his daughter Kelley’s special day. The wedding was held at his Red Rock Resort over the weekend and is reported to have cost a whopping $25 million. Fertitta […]
Caesars Entertainment is rumoured to be trying to sell the Rio All-Suite Hotel and Casino in Las Vegas. According to the rumors, Caesars currently has three interested parties. The report comes from a well-known blogger in Las Vegas, who received the information from an unnamed source inside Caesars. Blogger Sure Rio Sale is […]
The Bellagio in Las Vegas is claiming that a reality star’s husband owes the casino close to $4 million. The reality star is from Real Housewives of Beverly Hills, and while shows like this are known to try and create extra drama by fabricating stories, the Bellagio has confirmed that this is no such trick. […]
Things don’t seem to be going so well for Resorts World Catskills. The hotel and casino opened its doors back in February 2018, and there was plenty of excitement to go around. The property looked set to revitalize the area, but things haven’t worked out that way. Recent figures released suggest that Resorts World Catskills […]
MGM Resorts has once again found itself making headlines for the wrong reasons. It was recently announced that all its resorts in Las Vegas would be adding a 20% service fee to all spa treatments. With all the other service fees associated with staying in Las Vegas, this is likely to make potential customers very […]
Boyd Gaming recently announced that it had signed a deal with the FanDuel Group. The new partnership will be centred on offering land-based and online sports betting in the United States. As the sports betting market in the USA continues to grow, numerous companies are looking for partnerships that could give them an advantage. The […]
Caesars Entertainment saw trading of its stocks halted this week, following the company’s second quarter conference call. During the call, company executives stated that demand in Las Vegas was slowing slightly and that expectations should be lowered. This didn’t appear to sit well with investors, who were scared off by the comments. Comments Spark Halting […]
MGM Resorts and GVC, the owners of Ladbrokes Coral, have just announced a $200 million deal. The deal will provide access to the new US sports betting market for the UK’s largest retail betting operator. GVC and MGM Resorts are uniting in hopes of dominating the new market. GVC & MGM Deal Goes Beyond Sports […]
Resorts World Catskills opened its doors in February 2018. It was thought that it would be the crowning achievement of New York’s casino expansion plans. However, things have not been going according to plan, and since opening, it has brought in less than half of what its predicted gaming revenue. So far, Resorts World Catskills […]
Delaware became the first state outside Nevada to legalize full-scale sports betting. In the first 20 days, over $7 million was handled by the state’s new sportsbooks. This is quite an impressive achievement. It will be interesting to see how New Jersey’s sports betting operations perform after a similar time period. Delaware keeps over $400k […]
Delaware casinos can finally breathe a sigh of relief, as tax relief is on its way. The states three racinos have been struggling for some time, asking for lawmakers to assist. Finally, after nearly a decade of requests, their requests have been answered. On Thursday last week, the state senate based a bill that outlines […]
The largest union for gaming and hospitality workers in Las Vegas is threatening a strike if their demands aren’t met. Should the strike go ahead, as many as 50 000 workers from numerous casinos and resorts in Sin City could walk off the job. This would no doubt have a devastating effect on Las Vegas. Numerous […]
Atlantic City casinos enjoyed a good year in 2017. The seven casinos reportedly made $723.2 million in gross operating profits last year. These profits were derived from gaming, hotel revenue, dining, and entertainment. When referring to gross operating profits, the Atlantic City casinos are talking about their earnings before interest and taxes, as well as […]
Sir Richard Branson has finally broken into the land-based casino industry. The British billionaire has been looking to add a casino to his portfolio for some time, and he announced last week that his hotel group, Virgin Hotels, had bought the Hard Rock Las Vegas. The Hard Rock has been purchased for an unknown sum […]
In what will finally be the end of the story, at least regarding casino related news, Steve Wynn has completely sold off all his shares in Wynn Resorts. While his signature may sit atop the company’s hotels, the man himself is no longer affiliated with the company he founded. Up until the middle of last […]
Atlantic City casino revenue continues to drop in 2018. February marked the third consecutive month of declining gross gaming revenue (GGR). This has largely been blamed on adverse weather, and the casino industry is still hoping for a strong year. However, it is still worrying as Atlantic City experienced two consecutive years of increased casino […]
Forbes magazine recently released its updated list of the richest people in the world for 2018. There were some changes this year, notably with the richest person in the world. Jeff Bezos, from Amazon, took the number one spot on the list as the wealthiest person in the world. He overtook Bill Gates, who founded […]