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Trump Tax Reform Could Be Gaming Stock Jackpot, Investment Firm Analysts Say

gaming stocks Donald Trump tax reform

Gaming operator and slot manufacturer stocks stand to benefit from the Tax Cuts and Jobs Act, the tax reform plan passed by Congress in December and then signed into law by President Donald Trump. Investment bank Citi opines that it’s not only US-based gambling companies that stand to reap the financial rewards of Americans having more…Read More

David Baazov Insider Trading Case to Move Forward, Judge Denies Stay of Proceedings

A Quebec judge has rejected a motion to stay the insider trading case against former Amaya CEO and chairman David Baazov. Baazov was charged in March 2016 with five counts of securities fraud, including “aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of…Read More

Las Vegas Hub McCarran International Airport Sets Passenger Record in 2017

McCarran International Airport Las Vegas

McCarran International Airport served more passengers in 2017 than any other year in its nearly seven-decade history. The Clark County Department of Aviation reports this week that the Las Vegas airport welcomed 48.5 million arriving and departing passengers last year, topping the previous all-time record of 47.7 million passengers set a decade ago in 2007….Read More

Steve Wynn Praises Trump Tax Cuts, Plans to Share $340 Million Savings with Employees

Steve Wynn tax reform Trump

Donald Trump’s recently approved tax cuts have been well-received by many large corporations, with several CEOs announcing bonuses for employees from the savings. Now Steve Wynn has announced he plans to do the same for his Wynn Resorts workers. There were 12,000 US-based employees listed in an SEC filing for the gaming operator in 2016,…Read More

Las Vegas Casino Operators to Benefit From Continued Macau Growth, Analysts Opine

Las Vegas casino Macau revenue

Las Vegas casino operators invested in Macau are poised to significantly benefit from continued gaming revenue growth in China’s special administrative region where gambling is permitted. Investment services firm Morgan Stanley said in a note last week that it expects gross gaming revenue to hit $43 billion in Macau by 2019. If that forecast comes…Read More

‘Worst Case Scenario’ Wager Slash on FOBTs Pummels UK Bookmaker Stocks

Matt Hancock

British sports books are seeing their stocks plummet, as media reports that fixed-odds betting terminal (FOBT) wagers will be cut from maximums of £100 ($140) down to £2 ($2.80) swirl in the UK. The long-awaited decision is having a negative impact on the bookmakers’ London Stock Exchange (LSE) shares, as government’s plans to slash the maximum stakes…Read More

Rumors: Sir Richard Branson Considering Hard Rock Las Vegas as First Land-Based Casino for Virgin Hotels

Richard Branson

The Hard Rock Hotel and Casino in Las Vegas is up for sale and, if the rumors are to be believed, British billionaire Sir Richard Branson is mulling the purchase. Sources told the Las Vegas Review Journal this weekend that Branson’s Virgin Hotels is in “advanced negotiations” to acquire the property, with a deal possible as…Read More

Paddy Power Adjusts Odds for Final 20 Cities Vying to Be Future Home of Amazon HQ2

Amazon founder Jeff Bezos is a popular man these days as cities try to woo him and his new company headquarters. (Image: The Verge) Jeff Bezos

Amazon, the world’s largest online retailer and fourth most valuable company in history, announced on Thursday that it had pared down its list of civic suitors from 238 to 20 in pursuit of a new home for its corporate headquarters. The big cut had internet gambling site Paddy Power adjusting its odds accordingly on who…Read More

Union Gaming: Goa Casinos Could Generate $1 Billion in Annual Gross Revenue

Goa casinos riverboat revenue

Goa casinos are poised for substantial growth should the Indian state government permit the riverboats to come ashore as expected. In a note issued last week by Union Gaming Securities, a Las Vegas-headquartered investment advisory firm that keeps tabs on gaming markets around the world, Union Managing Director Grant Govertsen said that should land-based operations…Read More

Trout Reels in Largest MLB Salary, Angels Improve World Series Odds

Mike Trout

Mike Trout is finding out it’s nice to be the biggest fish in the pond. The Los Angeles Angels outfielder is now the highest paid player in Major League Baseball and will earn $34 million next season. His team also improved their chances to win the World Series. They opened as a 50-1 selection to…Read More

Caesars Entertainment Recruits Lobbyist Tom Daschle and Trade Negotiation Experts to Help Land Japan Casino License

Tom Daschle lobbying for Caesars in Japan

Caesars Entertainment executives understand how business is done in Japan, and to that end, the US-based gaming operator has formed a committee with one lobbyist and two foreign trade specialists to help the company win a casino license there. The committee consists of lobbyist and former US Senate Majority Leader Tom Daschle (D), former US…Read More

SLS Becomes Fourth Las Vegas Casino Targeted by Thieves in Past Week

SLS Las Vegas

On Monday morning, a man jumped over a counter at the SLS Las Vegas just after 9 am and stole money from the casino resort. And while brazen robberies at Las Vegas resorts always make headlines, this one is particularly notable, as it marks the fourth such theft from a casino in the city in…Read More

Shuttered Atlantic Club Casino Hotel is Falling Apart

Atlantic Club debris Atlantic City

The former Atlantic Club Casino Hotel is reportedly raining debris onto Pacific Avenue in Atlantic City. January 13 marked four years since the Boardwalk resort closed its doors, and the aging building is, well, really starting to show its age. Reports surfaced this week that debris from the building’s exterior are crumbling off and falling…Read More

Massachusetts Slots Casino Plainridge Park Posts Six Percent Gain in 2017

Plainridge Park Casino Massachusetts

Plainridge Park Casino, a slots and electronic tables facility, saw its gross gaming revenue jump 6.3 percent in 2017. The Massachusetts Gaming Commission (MGC) reported this week that the 1,250-machine slot parlor generated total revenue of $164.8 million over the last 12 months. That’s a $9.8 million premium on 2016. December’s take totaled $12.7 million,…Read More

Indiana’s Commercial Casinos Could Take Hit Following Opening of Tribal Venue

The Four Winds Casino South Bend

The opening of the Four Winds Casino South Bend on Tuesday was an exciting moment for the Pokagon Band of Potawatomi Indians, who now operate the first tribal casino in the state of Indiana. But it’s a moment of dread for the 13 commercial casinos currently operating in the state, who fear that the new…Read More