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New Jersey Voters Favor Atlantic City Retaining Casino Monopoly, New Poll Finds

New Jersey voters casino referendum

New Jersey voters do not want to end Atlantic City’s monopoly on casinos and allow gambling resorts to come to northern parts of the state. That’s according to a new poll paid for by Trenton’s Bad Bet, an anti-gambling group. Likely voters were asked about the ways they support increasing funding for the state. By…Read More

US Gross Gaming Revenue Nearly $41.2 Billion in 2017, as Casino Expansion Continues

gross gaming revenue US casinos

Gross gaming revenue at US commercial casinos totaled roughly $41.2 billion last year, according to Reno-based market analyst Ken Adams. In his 2017 Adams Revenue Report, prepared for online gaming media outlet CDC Gaming Reports, the financial analyst says continued casino expansion across the US is responsible for the 3.7 percent year-over-year increase. Adams pointed…Read More

Mount Airy to Build Satellite Casino in Western Pennsylvania’s Lawrence County

Mount Airy Pennsylvania satellite casino

The parent company to the Mount Airy Casino Resort in the Pocono Mountains submitted a winning bid for the third of 10 satellite casino locations today, with the offer of $21,188,888.88 topping the other sealed submissions. Mount Airy #1 LLC selected a 15-mile radius in Lawrence County centered in New Castle, a city about 50…Read More

Lucky Dragon Casino Foreclosure Auction Postponed, Possible Backstage Deals Push Date Back

Lucky Dragon auction postponed

The Las Vegas Lucky Dragon Casino auction was abruptly postponed on Tuesday, even after a crowd of about 30 people showed up. That gathering had been hoping for a shot at taking ownership of the now-shuttered off-Strip property. The auction was to be held outside the Nevada Legal News building, off of Charleston and South…Read More

Caesars Raises Resort Fees, as Being a Las Vegas Tourist Becomes Ever More Expensive

resort fees Caesars Palace Las Vegas

Caesars Entertainment has raised resort fees at nine of its properties in Las Vegas, making visiting Sin City that much more expensive for overnight visitors. The Los Angeles Times reports that Caesars, fresh out of bankruptcy, implemented higher resort rates on February 1. The increase is as much as $5 per night. Caesars Palace now…Read More

2018 Super Bowl Most-Bet Game in NFL History With $158.58 Million Handle

2018 Super Bowl Nevada sportsbooks

The 2018 Super Bowl generated a record $158,586,934 handle at Nevada’s 198 sportsbooks, the most money ever placed on a NFL game in state history. But the Philadelphia Eagles upsetting the New England Patriots on Sunday night delivered a financial fumble to many casinos. Of the $158.58 million wagered, sportsbooks kept just $1,170,432. That represents…Read More

Resorts World Catskills Opens Thursday, Ahead of Schedule and in Time for Chinese New Year

Resorts World Catskills opening

Resorts World Catskills is opening its $900 million doors this Thursday, February 8, in an effort to attract visitors traveling during the weeklong Chinese New Year holiday. The last of four commercial casinos to open in Upstate New York, Resorts World is the closest of the group to New York City at 90 miles, and also…Read More

MGM Cotai Could Miss Chinese New Year Tourism Influx, Resort Licensing Delays Continue

MGM Cotai Macau Chinese New Year

There’s no guarantee that MGM Cotai will be open for business ahead of the busy February 16 Chinese New Year. That’s according to the Macau Government Tourism Office, which told GGRAsia this week that the $3.45 billion property still hasn’t been issued the necessary hotel and amenities licensing to welcome guests for what is one…Read More

D Las Vegas Owner Derek Stevens Has Big Ideas for Downtown Area

Derek Stevens D Las Vegas downtown

D Las Vegas owner Derek Stevens believes the downtown area is poised for significant continued growth, and is investing heavily in the Fremont Street block. The casino owner is currently demolishing the Las Vegas Club, Glitter Gulch, and Mermaids in order to create a block-long resort that he predicts will further attract visitors away from…Read More

Caesars Real Estate Trust VICI Raises $1.21 Billion in NYSE IPO, Performs Better Than Expected

VICI raises $1.21 billion in IPO

VICI, the real-estate investment trust (REIT) created as part of Caesars’ recent bankruptcy reorganization, raised $1.21 billion at an IPO on the New York Stock Exchange (NYSE) on Thursday, exceeding expectations. The flotation generated sales of 60.5 million shares at $20 each, higher than the 50 million shares it had hoped to offload. The name…Read More

Fallout from Sexual Assault Allegations Could End Wynn Casino Empire

Steve Wynn sexual assault

Wall Street analysts believe that the fallout from the sexual assault allegations against Wynn Resorts Chairman and CEO Steve Wynn could result in his casino holdings ultimately ending up in the hands of some of his largest competitors. Since the accusations of assault and sexual misconduct were published last week in The Wall Street Journal,…Read More

Facebook Bans All Cryptocurrency Advertising Over ‘Get Rich Quick’ Scams

Facebook Cryptocurrency ban

Facebook has banned all advertising related to cryptocurrencies and ICOs over concerns that its users are falling victim to scammers. The publicity surrounding the meteoric rise (and recent decline) of bitcoin had left users’ pages bombarded with ads from cryptocurrency “experts” selling books or newsletter subscriptions offering investment advice, or publicizing the very latest ICO….Read More

Macau Gambling Revenue Skyrockets 36.4 Percent in January

Macau Gambling Revenue Goes Through the Roof

Macau gambling revenue saw its biggest year-on-year growth in almost four years in January. A gain of 36.4 percent from the same period a year ago returned the enclave’s gaming economy to 2012 levels, while shattering analysts’ forecasts. As the Year of the Rooster, 2017 certainly gave Macau’s casino operators plenty to crow about. Not…Read More

Nevada Sportsbooks Set Record Handle and Win in 2017, But December Strip Revenues Slide

Nevada sportsbooks 2017 handle bets

Nevada sportsbooks enter 2018 fresh off their best year in state history. Final 2017 numbers issued by the Nevada Gaming Control Board this week show that sportsbooks took in a record $4.8 billion in bets, and won $248.77 million on the wagers. Both numbers represent all-time highs. The previous best was set in 2015 when…Read More

Delaware Legislature Mulls Tax Relief Plan to Save Its Three Casinos

Brian Bushwater

Delaware casinos are struggling and state lawmakers are debating a bill that would slash taxes in an effort to safeguard their futures. Senator Brian Bushweller (D-Dover) is the primary sponsor of SB 114, which proposes a tiered tax on slots revenues, instead of the blanket 43.5 percent casinos currently pay to the taxman. It would…Read More