Casino News

Blogs

Casino News Media

Global Gaming

World Casino Directory

Websites Of The Month

MyBookie - MMA

Features

Casinos Of The World

Bet On Anything

World's Biggest Gamblers; History Of Bets At

Website Network

Media Man Int Media Man Global Gaming Directory Bitcoin News Media

Australian Sports Entertainment

Gaming And Casino News

April 15, 2025

Wynn Resorts wins Media Man 'Casino and Hotel Operator Of The Month'

Runner-Ups: Trump and Crown Resorts

News

Elaine Wynn's influence and vision helped shape the very essence of Las Vegas

Elaine Wynn, a philanthropist and one of the most successful women among Nevada casino executives, has died. She was 82 years old. The Elaine P. Wynn & Family Foundation announced her death on Tuesday. The company did not disclose any further information on her death. Elaine Wynn’s rise to power and wealth paralleled that of her former husband, Steve Wynn. They were married twice and divorced for the second time in 2010. She was born Elaine Pascal on April 28, 1942, in New York City, and grew up partly in Miami Beach. (Wires)

News

Casino News

Star Entertainment's Financial Struggles: Australian casino operator Star Entertainment reported a significant $302 million loss for the first half of the financial year, driven by mandatory carded play, cash limits at The Star Sydney, and market share loss at The Star Gold Coast. The company completed a $60 million divestment of The Star Event Centre in Sydney to Foundation Theatres to raise cash. Additionally, Star accepted a $250-$300 million buyout from U.S.-based Bally’s Corp, which will take a 57% equity stake, saving the casino from near-certain collapse after a failed $750-$940 million deal with Salter Brothers.

U.S. Online Casino Rankings: Lucky Creek Casino was rated the top real-money online casino for U.S. players in 2025, praised for its bonuses, fast payouts, and game variety, amid a growing number of Americans engaging in online gambling.

US-China Trade War Impact: The ongoing trade war could affect the global online casino industry, with risks like delayed payouts, currency volatility, and increased operational costs. Casino operators like Melco Resorts and Las Vegas Sands have seen share price drops up to 9.8%, while U.S.-based Wynn Resorts and MGM International also faced declines.

Illegal Online Gambling in the U.S.: Research from Yield Sec indicates that illegal sportsbooks and casinos captured 74% of U.S. online gambling revenue last year, outperforming licensed operators through aggressive promotions.

New York Casino Sweepstakes: A contest for three New York City casino licenses could yield $115 million for President Donald Trump if Bally’s Corp wins a license to build a casino at a former Trump-operated golf course. Other proposals include casinos in Times Square and near the New York Mets’ stadium.

Atlantic City Casino Outlook: A panel in Atlantic City noted that Trump’s tariff policies could both harm the gambling industry and drive expansion as states seek new revenue sources.

Smoking Ban Proposals: Anti-smoking advocates are pushing Caesars Entertainment and Wynn Resorts shareholders to study the impacts of indoor smoking bans, with nearly half of gamblers being smokers, potentially affecting casino economies.

New Zealand Influencer Crackdown: Authorities in New Zealand are targeting social media influencers promoting offshore online casinos, threatening fines for non-compliance. The government plans to auction 15 online gambling licenses, with offshore operators likely to dominate.

Idaho Tribal Casino Proposal: Two Idaho tribes have proposed a second casino between Boise and Mountain Home, aiming to expand gaming in the region.

UK Casino Fire: A fire in a flat above the Merkur Slots casino in King’s Lynn, UK, damaged the building, with no reported injuries. (Grok)

News

Las Vegas Casino News

Elaine Wynn's Passing: Elaine Wynn, co-founder of a major Las Vegas casino empire with her ex-husband Steve Wynn, died at 82. Known for her philanthropy, she was a key advocate for education, arts, and Las Vegas culture, notably collaborating on the Las Vegas Art Museum.

David Siegel's Death: David Siegel, owner of Westgate Las Vegas Casino, passed away at 89. He acquired the property, formerly the Las Vegas Hilton, in 2014.

Player-Friendly Games: The Strat casino reintroduced 3:2 blackjack payouts and crapless craps with 10x odds, aiming to enhance value for gamblers. Other Strip-adjacent casinos have also brought back 3:2 blackjack.

Resorts World Fine: Resorts World Las Vegas was fined $10.5 million by Nevada regulators for alleged illegal gambling ties, including connections to a bookmaker linked to Shohei Ohtani’s interpreter. The casino agreed to leadership changes and stricter anti-money-laundering protocols.

Casino Revenue Drop: Las Vegas Strip gaming revenue fell in February 2025 compared to February 2024, which benefited from hosting the Super Bowl. Visitor volume is down 6.5% in 2025, raising concerns about economic pressures, possibly tied to tariff policies.

Shifting Tourism Focus: Las Vegas is diversifying beyond gambling, with entertainment, concerts, sports, and dining gaining prominence. Competition from other states’ casinos, online gambling, and changing preferences among younger generations are driving this shift.

Crime Incidents: A deadly shooting at Aliante Casino led to 28 felony charges against suspect Aerion Warmsley, who also committed carjackings during a police chase. The victim was identified as the son of a former state senator.

Entertainment and Residencies: Kenny Chesney signed for a country music residency at Sphere, while Keith Urban and Garth Brooks concluded theirs. Wayne Newton extended his residency at the Flamingo through 2025.

Buffet Closure: The Luxor’s iconic buffet closed, reflecting a trend toward higher-margin restaurants as consumer spending tightens.

Financial Adjustments: Major operators like Wynn Resorts, Las Vegas Sands, and MGM Resorts are revising financial strategies due to risks in Macau, with increased risk premiums affecting their outlook.

These stories reflect a mix of cultural, economic, and operational changes in Las Vegas’s casino landscape. For more details, you can check sources like http://fox5vegas.com, http://yahoo.com, or http://reviewjournal.com (Grok)

News

Australia

Crown Resorts wins Media Man 'Casino Of The Month' award (Asia Pacific region)

News Flashback

Gaming, Casinos and Pop Culture: Las Vegas, Nevada, USA, Global

News Flashback (In Case You Missed It)

February 25/26, 2025

News

Casinos see increased revenues year over year in January

Indiana - Northwest Indiana’s three casinos reported revenues of $68.2 million in January, an increase of about 7.1% from the approximately $63.7 million reported for the same month last year. Hard Rock Northern Indiana saw an increase in earnings with about $36.9 million reported for January 2025 compared to $31.7 million reported in January 2024. The total GGR in January for Indiana’s 13 casinos was $189.3 million as compared to $171.1 million in 2024.

News

Construction set to begin on casino replacing Jokers Wild

Nevada (Las Vegas) - Construction will soon begin on a new casino to eventually replace Jokers Wild in Henderson. Boyd Gaming announced that site grading began Monday for Cadence Crossing Casino on Boulder Highway near Warm Springs Road, next to the Cadence master-planned community. A formal groundbreaking ceremony is planned for Thursday, April 3, to celebrate the start of construction. Completion is expected by mid-2026.

News Flashback

Bally’s reported interest in Star Entertainment

(Australia) - A report linking Bally's Corp to Australia's Star Entertainment raises many questions. Perhaps the most important is, would that be good for either side? Citing anonymous sources, the Australian Financial Review reported on 21 February that Bally’s has emerged as a potential suitor for the ailing Star Entertainment. A delegation of company officials reportedly travelled to Australia earlier this month to meet with Star and its lenders. (Wires)

News

Gaming revenue rises 10.5% year-over-year in January

Louisiana - Louisiana reported revenue of $180.2 million from all forms of gaming in January, a year-over-year increase of 10.5%. Gaming revenue from online sports betting increased 9%, generating $51.1 from a handle of $355 million, a 12% bump. The Lake Charles district had gaming revenue of $66.8 million, an 11.4% increase. New Orleans properties generated $44.7 million, a 11.3% increase…Shreveport/Bossier City properties generated revenue of $41.6 million, an 11.8% rise…The Baton Rouge district’s $21.5 million was an increase of 5.8%...Evangeline Downs Racetrack & Casino in St. Landry Parish generated revenue of $5.7 million, an increase of 3.6%. (Wires)

News Flashback

Casinos see increased revenues year over year in January

Indiana - Northwest Indiana’s three casinos reported revenues of $68.2 million in January, an increase of about 7.1% from the approximately $63.7 million reported for the same month last year. Hard Rock Northern Indiana saw an increase in earnings with about $36.9 million reported for January 2025 compared to $31.7 million reported in January 2024. The total GGR in January for Indiana’s 13 casinos was $189.3 million as compared to $171.1 million in 2024.

News

$200M ‘Campus for Hope’ shelter in Las Vegas gets a big boost

Nevada (Las Vegas) - Ricardo Torres-Cortez, Review-Journal - Clark County and two Southern Nevada cities entered into an agreement to cover operational costs at the upcoming “Campus For Hope” shelter, a $200 million facility that will also offer social services to those afflicted by housing insecurity. The County Commission and the city councils of Las Vegas and North Las Vegas individually voted last week to affirm the agreement, which combined will provide up to $15 million annually beginning in 2027.

News

Californians moved to Nevada in 2023

(Las Vegas) - Approximately 42,508 Californians moved to Nevada in 2023, according to a new study. Nevada ranked 13th in the country for number of people who moved into the state in 2023 while Texas came in first followed by Florida and North Carolina, based on the study from Storage Café…Nearly 158,000 people relocated to Nevada from California from 2020 through 2023, making up 43 percent of all new residents to the Silver State during the past four years.

News

Mark Wahlberg would be a ‘direct owner’ of Sony Studio project

(Las Vegas) - Mark Wahlberg is a film star, a recent Las Vegas resident and the face of a studio fortress currently being determined by the Nevada Legislature. And if it works out, the A-lister and tireless entrepreneur will one day be a partner in a massive Sony Studios project in his home city. “Mark has the opportunity to be a direct owner in the studios, and we have made that abundantly clear from the very beginning,” Howard Hughes Holdings CEO David O’Reilly said. “He is a strong advocate and believes deeply in the talent that exists here.” (Wires)

News Flashback

Saquon Barkley leads Eagles’ rush on Wynn nightclubs

Nevada - Saquon Barkley can’t be stopped. This is true on the football field, or in a Strip nightclub. The Philadelphia Eagles’ star running back led a celebration of Super Bowl champions at Wynn on Saturday night. Josh Sweat, C.J. Gardner-Johnson, Nakobe Dean, Kenneth Gainwell, Thomas Booker IV and Mekhi Becton were among the ring-bearing champ descending on the resort.

Iconic Sphere boy-band headliners extend residency

Nevada - Backstreet Boys keep performing encores even though their Sphere residency doesn’t star until July. BSB has added Aug. 15, 16 and 17 to “Into the Millennium” at the Bulbous Wonder. The series now covers 18 dates, starting July 11. Tickets to the first 15 shows are on sale now. The three added shows are up 9 a.m. Friday at Ticketmaster.

News Flashback

January 2025

Vegas Casino News

Here's an overview of recent Vegas casino news based on the information available:

MGM Grand Renovation: MGM Grand Hotel & Casino on the Las Vegas Strip is in the midst of a $300 million renovation, focusing on updating all 4,212 rooms and suites within its main tower. This renovation is inspired by the disco era and is expected to be fully completed by December 2025, with the first renovated rooms available for booking from March 1, 2025.

Circus Circus Sale: Billionaire Phil Ruffin is preparing to sell the Circus Circus casino. Purchased in 2019 for $825 million, the property, which includes 102 acres near the Las Vegas Strip, is now potentially on the market, with speculation about its worth around $5 billion.

Casino Worker Strikes: The Culinary Workers Union has been involved in negotiations and strikes. Notably, Virgin Las Vegas has moved to replace striking union workers, while a deal was reached with another off-Strip casino to end a strike, securing a new contract for approximately 700 employees.

Policy Changes: One Las Vegas casino is proposing a new tip-out policy for table game dealers, aiming to attract more highly skilled employees. This has led to some dissatisfaction among the dealers.

Expansion and Developments: The El Cortez Hotel & Casino downtown is close to completing a $20 million expansion, enhancing its facilities.

Political Visits: Former President Donald Trump visited Las Vegas, speaking about his policy to eliminate taxes on tips at the Circa Resort & Casino, which has been a popular topic among service industry workers. This event was part of his broader campaign activities.

Entertainment: The Black Eyed Peas canceled their planned 2025 Las Vegas residency at Planet Hollywood Resort & Casino due to unspecified "current circumstances."

These updates provide a snapshot of the current state of Vegas casinos, focusing on property developments, labor issues, policy changes, and political engagements. (Grok)

News

World Casino News

Here's a summary of recent world casino news based on the information available:

Resorts World NYC has unveiled an Experience Center to showcase its $5 billion casino redevelopment vision. This initiative aims to give potential visitors and stakeholders a preview of what the revamped casino will offer.

The global casino and online gaming market is continuing to expand, with the market reaching $305.8 billion U.S. dollars in April 2024. This growth presents a lucrative opportunity for regions like the UAE, which are entering the industry at a potentially advantageous time.

Grosvenor Casino at Westwood Cross has secured district approval for a major overhaul, indicating ongoing developments in the casino sector to enhance visitor experiences.

Casitsu Casino Finder has released a report highlighting the surge in popularity of sweepstakes casinos in the U.S., suggesting a shift in gambling trends towards more accessible and potentially less regulated forms of online gambling.

Las Vegas Sands, a major player in the casino industry, is expressing concerns about the expansion of igaming in New York, which could impact their plans to build on Long Island. This reflects the complex dynamics between traditional casino businesses and the rise of online gambling platforms.

In other news, Circus Circus Casino and Las Vegas Festival Grounds are up for sale, indicating potential shifts in property ownership within the Las Vegas casino landscape.

These points reflect ongoing developments in the casino industry, both in terms of physical expansions, regulatory changes, and market trends towards online and alternative forms of gambling. (Grok)

News Flashback

UFC Slot Game

The UFC Slot Game has garnered attention for blending the excitement of Mixed Martial Arts (MMA) with the thrill of casino gaming. Here's an overview based on recent developments and reviews:

Development and Release: Games Global, in partnership with UFC, has announced plans to produce UFC-themed slot titles. The first game in this series, "UFC Gold Blitz Extreme," was developed by Fortune Factory Studios and launched globally on July 25, 2024, following an exclusive soft launch in May. This signifies a three-year exclusive partnership aimed at creating unique, UFC-branded digital slots for fans worldwide.

Game Features: "UFC Gold Blitz Extreme" includes several engaging features such as:

Cash Collect and Gold Blitz features which can award one of four jackpots.

Wild symbols for increased winning chances, and a free spins round with a progressive multiplier.

The game's RTP is approximately 96.25%, offering high volatility for those seeking significant wins.

Thematic Elements: The slots feature UFC fighters like Conor McGregor, Jon Jones, Zhang Weili, and Amanda Nunes, bringing the intensity of the Octagon into the gaming experience. The incorporation of fighter likenesses and MMA symbols ensures an immersive experience for fans.

Availability: These games are intended to be accessible through local betting platforms in regions where iGaming is regulated. In the U.S., these include states like Connecticut, Delaware, Michigan, Nevada, New Jersey, West Virginia, and Pennsylvania.

Fan Engagement: The partnership between Games Global and UFC is seen as a strategic move to engage UFC's extensive fanbase, which numbers over 700 million globally, through innovative gaming experiences.

Previous UFC Slot Games: Before this latest collaboration, Endemol Games had also created an official UFC slot game, featuring real-life images of UFC fighters and exclusive UFC fight footage, emphasizing the popularity of such themed slots among fans.

These developments highlight a growing trend of integrating popular sports themes into casino games, offering fans new ways to interact with their favorite sports outside of live events. (Grok)

Star’s largest shareholder said to be backing Bally’s takeover bid

March 2025

Star Entertainment Group’s largest single shareholder is backing a bid from American casino operator Bally’s Corp to take a controlling stake in the company and has pledged to tip in another AU$50 million (US$31.5 million) of his own money should the deal proceed, according to local media reports.

The Australian Financial Review claims that Bruce Mathieson – a pubs and poker machine mogul who holds around 10% of Star’s share capital – has thrown his support behind Bally’s rather than a deal Star recently struck with its Hong Kong partners and a potential financing deal with private equity firm Salter Brothers.

The outlet, which noted that Mathieson has already been approved by regulators to increase his stake to 20%, said he could increase that holding even further and claim a boardroom seat should Star accept the Bally’s proposal. It added that he would be willing to tip in an additional AU$50 million to sweeten the deal and provide more capital to the ailing casino firm.

Star, meanwhile, has stayed publicly silent ever since confirming it had received the Bally’s offer a fortnight ago. The company previously reached an agreement with Hong Kong’s Chow Tai Fook and Far East Consortium, who each hold a 25% stake in the AU$1.6 billion The Star Brisbane which opened last August, to acquire Star’s 50% stake in the property and cannot officially speak with other parties until 25 March under an exclusivity clause.

As reported by Inside Asian Gaming, Bally’s has offered Star AU$250 million (US$158 million) for an effective 50.1% stake in the company, as well as its proven expertise in reversing the fortunes of troubled casinos.

Bally’s Chairman Soo Kim told IAG in an earlier interview that he believes Star offers greater potential with all of its assets retained than were it to be broken up and sold off for parts.

Kim told the Australian Financial Review this week, “It is not too late. Our proposal is not subject to due diligence or consents or anything. We can do this. Every deal we’ve done, people say ‘There’s no value there, or it is too hard’. We are usually the buyer of last resort.

“We have said from the beginning that our plan is the best way to preserve shareholder value. We look forward to working with Bruce to reinvigorate these great assets.”

Your text advertisement here from as little as $100USD per 12 months

Featured Casino News Wesbites

Gambling911.com

Poker News Daily

Casino.com

Gaming, Casino and Culture News

November 13, 2024

Films of Sphere concerts part of company’s future revenue strategy

Nevada (Las Vegas)

After just over a year of operations, Sphere Entertainment Inc. is starting to figure out how to program the massive Las Vegas entertainment venue to stem slumping earnings. What that means for the Sphere’s future is more performances each day to maximize the building’s use, Executive Chairman and CEO James Dolan told investors. The company reported an operating loss of $125.1 million on revenue of $127.1 million for the quarter that ended Sept. 30.

News

Las Vegas Strip hotel-casino lays off top-level employees

A luxury Strip resort has parted ways with several long-time and high-level employees, according to multiple sources. The Venetian and Palazzo casinos laid off an unknown number of employees this month, some of whom had worked at the Strip resort for over a decade. Among those known to be affected by the layoffs are executives and senior-level employees in multiple departments, including hotel operations, marketing, celebrations/banquets, group meetings and casino hosts. An internal memo obtained by the Review-Journal confirms the staff reductions.

News

Virgin Hotels Las Vegas responds to Culinary Union’s threat to strike before F1 race

An off-Strip hotel-casino is preparing for a strike deadline that could threaten its staffing before the Formula One Las Vegas Grand Prix next week. In a Tuesday statement, Virgin Hotels management said they were aware of the strike deadline and were “fully committed to finding a fair resolution” during negotiations that are expected to take place on Thursday. But the management alleged union negotiators have not put the property’s proposals to a vote or responded to other proposals.

News

Bahamas: Vici Properties in negotiations to buy Atlantis Paradise Island resort

The multi-billion dollar owner of iconic Las Vegas mega resorts such as Caesars Palace, MGM Grand and the Venetian is exploring a deal for Paradise Island’s Atlantis resort. Tribune Business can reveal that VICI Properties, a New York headquartered real estate investment trust (REIT) that owns 93 resort, gaming and hospitality assets spread across the US and Canada, is in talks with Atlantis’ current owner, Brookfield Asset Management, although the two parties have yet to reach agreement on a sale or how the potential deal may look.

News

Texas Lottery’s move could ignite tribal gambling expansion

The Kickapoo Traditional Tribe of Texas informed the Texas Senate that if it didn’t rein in the online sales of Texas Lottery tickets, the tribe would pursue full-blown casino gambling in the state. Though the tribe omitted it from their correspondence, recent legal developments might mean these casinos won’t be housed on reservations; they might pockmark the entire state.

News

Federal hearing held over Arkansas amendment that revoked casino license

A federal judge heard arguments Tuesday about whether Arkansas’ Issue 2 should be put on hold. Cherokee Nation Entertainment filed a lawsuit against the State of Arkansas after voters approved a ballot measure that stopped the group’s planned casino. Cherokee Nation had planned to build a casino near Russellville in Pope County and had been granted a license.

News

New York: Turning Stone casino starts new phase of $370 million expansion

The latest phase of a $370 million expansion at the Turning Stone Resort Casino — the largest since it opened in 1993 — is now underway. Some 73 tons of steel arrived at the Oneida Indian Nation-owned casino in recent days. The nation and its business arm, Turning Stone Enterprises, also announced this week they have signed contracts with 26 different contractors, all based in Upstate New York, to handle mechanical, electrical, plumbing and other work on the project. The plan is to make Turning Stone the largest resort convention destination in the state.

News via Grok

Casino News

Here are some recent highlights from the world of casino and gambling news:

Las Vegas Layoffs: A major resort on the Las Vegas Strip has reportedly laid off several high-level employees, indicating potential shifts or financial recalibrations within the company.

Encore Las Vegas: The construction of the new 48-story Encore Las Vegas tower is progressing, with an expected opening late next year. It will feature over 2,000 rooms and a significant casino space, alongside a Frank Sinatra-themed restaurant.

Sweepstakes Casinos: There's growing discussion around sweepstakes casinos, their regulatory blind spots, and how they might be affecting the traditional gambling industry. This topic was highlighted in a discussion by Howard Glaser from Light & Wonder.

Bally's Chicago: Bally's casino in Chicago is experiencing some challenges, with admissions dropping by 13% from the previous month, suggesting that the operation might not be meeting expectations or that there could be strategic missteps.

Casino's Rescue Plan: In France, Casino, a major retailer, has reached an agreement with its employees and new management on a rescue plan that includes a social component, which had been lacking in previous proposals.

Casino Jackpot: A fortunate gambler on the Las Vegas Strip turned a modest $50 bet into over $1,000,000, showcasing the allure and potential of casino gaming.

These snippets provide a glimpse into the current dynamics of the casino industry, reflecting both the excitement of big wins and the strategic maneuvers of major players in the sector. (Grok)

News

Casinos via Grok

Casinos are establishments primarily designed for gambling, offering various games of chance for patrons to wager money. Here's an overview based on the latest information:

Overview of Casinos:

Origin and Etymology: The term "casino" comes from Italian, originally meaning a small country villa or summerhouse. Over time, it evolved to refer to places where gambling activities were the main attraction.

Location and Integration: Casinos are often integrated with hotels, resorts, restaurants, and other entertainment venues to provide a comprehensive experience. They can be found worldwide but are particularly famous in places like Las Vegas, Atlantic City, and Macau.

Types of Games: Common casino games include: Table Games: Blackjack, roulette, baccarat, craps, and various forms of poker.
Slot Machines: These range from traditional mechanical reels to modern video slots with sophisticated themes and bonus features.
Electronic Games: Video poker, keno, and electronic table games.
Specialty Games: Like bingo, which might be offered in certain jurisdictions.

Online Casinos: With the advent of the internet, online casinos have become increasingly popular, providing a digital platform for many of the same games found in physical casinos.

Recent Updates on Casinos:

Regulatory Changes: There have been updates in casino regulations, especially concerning online gambling. For instance, some states in the U.S. have recently moved towards legalization or expansion of online casino gaming.

Technological Advancements:
Blockchain and Cryptocurrency: Some casinos now accept cryptocurrencies, and there are decentralized casino platforms emerging, like those mentioned on platforms like X, where users can stake tokens to "become the house."
Live Dealer Games: Online platforms have introduced live dealer games, providing a more authentic casino experience through live video feeds.

Economic Impact: Casinos continue to be significant contributors to local economies, with Nevada reporting a notable increase in gambling revenue for September 2024 compared to the previous year.

Entertainment and Non-Gambling Activities: Casinos are increasingly focusing on becoming entertainment hubs, offering concerts, comedy shows, sports betting, and other attractions to diversify their appeal.

Fees and Costs: There have been mentions of increases in resort fees and parking fees at some casino resorts, which might affect visitor experience and costs.

Cultural and Social Aspects:

Gambling Addiction: Casinos and gambling activities come with the risk of addiction. Many establishments promote responsible gambling but also receive criticism for potentially encouraging addictive behaviors.

Entertainment Value: Beyond gambling, casinos offer a unique blend of luxury, excitement, and entertainment, making them popular tourist destinations.

When considering visiting or engaging with casinos, whether in-person or online, it's important for individuals to understand the rules, the odds of games, and to gamble responsibly. The information available on platforms like X or websites like Casinos.com can provide insights into the latest trends, games, and regulatory changes in the casino industry. (Grok)

News via Grok

Las Vegas Strip

The Las Vegas Strip, often simply referred to as "The Strip," is a 4.2-mile stretch of Las Vegas Boulevard South in Clark County, Nevada, just outside the city limits of Las Vegas. Here's an overview:

Attractions: It's famous for its concentration of resort hotels, high-end casinos, and entertainment venues. The architecture along the Strip is eclectic, with themes ranging from ancient Egypt (Luxor), medieval times (Excalibur), to replicas of famous cities like New York (New York-New York) or Paris (Paris Las Vegas).
Notable shows include Cirque du Soleil productions, magic shows by famous magicians like David Copperfield, and residencies by top musicians. Free attractions include the Bellagio Fountains, the Mirage Volcano, and the iconic "Welcome to Fabulous Las Vegas" sign.

Accommodations and Casinos: The Strip hosts some of the world's largest hotels by room count, like the MGM Grand, The Venetian, and Caesars Palace. These mega-resorts offer not only gambling but also luxury shopping, fine dining, and entertainment facilities.
Recent developments include new resorts like the LVXP project, which proposes to add an NBA-ready arena, and there's been talk about expanding with unique attractions like an adults-only mini golf course at Mandalay Bay.

Transportation: The Deuce, a double-decker bus, and the Las Vegas Monorail are popular ways for tourists to travel along the Strip. However, walking is a common way to experience the sights and lights, especially at night when the area truly comes alive.

Events and Conventions: The area is known for hosting major events like the Consumer Electronics Show (CES), SEMA Show, and various sporting events, including the recent addition of Formula 1 races which have construction impacts on the Strip's landscape.

Shopping and Dining: Shopping ranges from high-end malls like The Shops at Crystals to themed shopping experiences within resorts. Dining options are vast, from celebrity chef restaurants to 24/7 buffets.

Nightlife: The nightlife is legendary, with clubs like XS and Omnia, which are among the most renowned in the world, offering top-tier DJ performances.

Current Developments: There are continuous updates and construction projects, like the planned LVXP resort, which could significantly change the skyline and entertainment options on the North Strip.
The Sphere at The Venetian has become a new landmark, known for its massive LED screen exterior and immersive entertainment experiences inside.

If you're planning a visit or just interested in what's happening, the Las Vegas Strip remains an ever-evolving spectacle of entertainment, where the latest in hospitality, gaming, and show business is always on display. Remember, with ongoing construction and new projects, the Strip's landscape might look different with each visit. (Grok)

News

Las Vegas Grand Prix via Grok

The Las Vegas Grand Prix is a significant event in the Formula One racing calendar, taking place on the iconic Las Vegas Strip. Here are some key points about the event:

Background: After a long hiatus since the early 1980s, Formula One returned to Las Vegas with a new street circuit in 2023. The event marked the first Formula One race in Las Vegas since the 1982 Caesars Palace Grand Prix.

Circuit: The Las Vegas Strip Circuit is 6.2 kilometers long with 17 corners. It features a mix of straights, including a 1.9 km straight down the Strip, and tight sections around notable Las Vegas landmarks like the Bellagio, the Venetian, and Caesars Palace.

Race Dates: For 2024, the Las Vegas Grand Prix is scheduled from November 21st to 23rd.

Format: Unlike some other races in the U.S. calendar (like Austin and Miami), the Las Vegas Grand Prix does not feature a sprint race. Organizers have expressed contentment with this format, citing the event's unique entertainment offerings.

Ticketing and Experience: The event offers various ticket types ranging from general admission to exclusive hospitality packages. These include access to entertainment zones, fan activations, and luxury viewing options like Skyboxes or the Paddock Club.

Economic and Cultural Impact: This race not only promises high-speed action but also integrates the entertainment capital's allure with dining, nightlife, and celebrity events. It's expected to bring significant economic activity to the area, with various hospitality and entertainment venues involved.

Safety and Traffic: Local authorities, like LVMPD and Clark County, have been involved in discussions regarding safety and traffic management due to expected large crowds and road closures.

Public Sentiment: On platforms like X, there's a mix of excitement for the event's spectacle and logistical concerns about traffic and road closures.

The Las Vegas Grand Prix aims to blend the thrill of Formula One with the non-stop entertainment of Vegas, making it a unique entry in the F1 calendar. (Grok)

News

WrestleMania 41 Las Vegas

WrestleMania 41 is scheduled to take place in Las Vegas at Allegiant Stadium on April 19th and 20th, 2025. This event marks the return of WrestleMania to Las Vegas for the first time since WrestleMania IX in 1993, which was held at Caesars Palace.

Venue: Allegiant Stadium, Las Vegas, Nevada.

Dates: Saturday, April 19, and Sunday, April 20, 2025.
Significance: This WrestleMania will be historic as it will be the first to be livestreamed on Netflix internationally, following the merger of WWE Network with Netflix. It's also notable for being held during Easter weekend, which is a typically slower period for Las Vegas, potentially attracting a massive influx of visitors.

The event promises to be an economic boon for Las Vegas, with expectations of over 180,000 fans contributing significantly to the local economy through tourism. Apart from the main event, WWE will also bring other shows like Raw, SmackDown, NXT Stand & Deliver, and the WWE Hall of Fame ceremony to the city, enhancing its wrestling festivities.

Tickets for WrestleMania 41 went on sale on October 25, 2024, and there are also various travel packages available, including VIP options for fans wanting an exclusive experience.

The anticipation for this event is high, as reflected in posts on X, where fans and travel companies are promoting special packages for the occasion. (Grok)

News

AEW Double Or Nothing

AEW Double or Nothing is an annual professional wrestling pay-per-view (PPV) event produced by All Elite Wrestling (AEW). Here are some key points about the event:

Inaugural Event: The first Double or Nothing took place in 2019 at the MGM Grand Garden Arena in Las Vegas, marking AEW's first-ever event and PPV.

Theme: The name "Double or Nothing" references a gambling theme, fitting with the event's traditional Las Vegas setting.

Significance: It's considered one of AEW's "Big Four" PPVs, alongside All Out, Full Gear, and Revolution, highlighting its importance within the company's annual calendar.

Recent Developments: 2024 Event: Held on May 26, 2024, at the MGM Grand Garden Arena, celebrating AEW's five-year anniversary. Key matches included:
Swerve Strickland vs. Christian Cage for the AEW World Championship.
An Anarchy in the Arena match where The Elite defeated Team AEW.
Mercedes Moné won the AEW TBS Championship from Willow Nightingale.
Match Styles: Over the years, Double or Nothing has featured unique matches like the Stadium Stampede and Anarchy in the Arena.

Location: While traditionally held in Las Vegas, due to the COVID-19 pandemic, the 2020 and 2021 events were held at Daily's Place in Jacksonville, Florida.

Cultural Impact: The event has helped establish AEW as a legitimate competitor in the wrestling industry, showcasing high-stakes matches and attracting both wrestling fans and those interested in the event's broader entertainment value.

For fans or anyone interested in the latest in AEW, keeping up with AEW's official channels or wrestling news outlets would provide the most current information on upcoming matches, results, and any changes to the event format or location. (Grok)

News

US Betting via Grok

The landscape of US betting has evolved significantly in recent years, particularly following the Supreme Court's decision in Murphy v. NCAA in 2018, which struck down the Professional and Amateur Sports Protection Act (PASPA). Here are some key points about the current state of betting in the United States:

Legal Status: Sports betting is now legal in many states across the US, with each state regulating it differently. This legalization has led to a boom in both physical and online sportsbooks.

Online Sportsbooks: BetMGM, FanDuel, DraftKings, and Caesars Sportsbook are among the most prominent names in the online betting market. They offer betting on a wide range of sports, including NFL, NBA, MLB, NHL, and more. These platforms provide various promotions, live betting options, and sometimes even live streaming of events.

Mobile Betting: Most states with legal sports betting have embraced mobile betting apps, which allow users to place bets from anywhere within state lines where betting is legal.

Election Betting: There's been a notable trend in betting on political outcomes, like the U.S. presidential election. Platforms like Kalshi and Polymarket have gained attention for allowing bets on these events, though the legality and ethics of such markets are frequently debated.

Regulation: Each state has its own regulatory body overseeing sports betting, ensuring compliance with laws, managing licensing, and protecting consumers. For instance, in Nevada, the Nevada Gaming Control Board is responsible, while other states have different commissions or boards.

Public Interest and Participation: The legalization has led to increased public interest, with betting becoming more mainstream. States like New Jersey, Pennsylvania, and New York have seen substantial betting volumes.

Economic Impact: Betting has contributed significantly to state revenues through taxes. For example, a post from X indicated that Colorado passed a proposition to direct sports betting tax revenue towards water projects.

Innovation in Betting: There's a trend towards more interactive and engaging betting experiences, like live betting where odds change in real-time as the event progresses, and prop bets on individual player performances or specific game events.

Ethical Considerations and Challenges: Despite the growth, issues like gambling addiction, market manipulation, and the need for responsible gambling practices remain significant concerns. States have implemented measures like self-exclusion programs, betting limits, and educational campaigns to address these.

Future Trends: The industry is expected to continue growing with potential expansion into more states. There's also interest in expanding into less traditional betting like esports, and there might be further integration of technology for personalized betting experiences.

Remember, while betting can be fun, it's important to engage in it responsibly. Always set limits, and consider the legal age and location requirements for betting in the US. If you or someone you know is struggling with gambling addiction, resources like the National Council on Problem Gambling or state-specific help lines can provide assistance. (Grok)

Hotel, Casino And Gaming News: U.S, Global

October 9, 2024

Hard Rock Casino Rockford has 2nd largest GGR

Illinois

Hard Rock Casino Rockford brought in the 2nd highest casino gambling revenue of any casino operating in Illinois. In September 2024, Hard Rock Casino Rockford brought in $13,717,722 in revenue. That makes Rockford’s casino the second largest in revenue in the state, behind the Rivers Casino Des Planes, which brought in $41.5 million in September. The total GGR for Illinois in September was $138.9 million with 1,140,023 admissions; the 2023 GGR was $132.1 million with 1,038,436 admissions.

News

Tropicana implosion paves way for A's stadium

Nevada

The Tropicana Casino and Resort, one of the last true mob buildings on the Las Vegas Strip, was reduced to rubble Wednesday morning. The implosion cleared land for the proposed $1.5 billion baseball stadium for the relocating Athletics, which is part of the city's latest rebrand into a sports hub.

News

Shift to attract millennials to casinos

Nevada

Innovations in gaming space and expanding technology in the postpandemic era continue to attract a new, younger generation to Las Vegas and its casinos, MGM Resorts International President Bill Hornbuckle said Tuesday at the Global Gaming Expo.

News

Allegiant Stadium to host Gold Cup soccer matches

Nevada

International soccer will once again kick off at Allegiant Stadium next summer. The Las Vegas Convention and Visitors Authority approved an event production agreement during its Tuesday board meeting, including matches in the CONCACAF Gold Cup tournament in June 2025.

News

Ten Vegas restaurants together grossed almost $200M in 2023

Nevada

Never underestimate the power of a seat on the Las Vegas Strip. Alexxa’s in Paris Las Vegas, which offers some of the best street-side dining on the boulevard, was the highest-grossing independent restaurant in the city in 2023, according to Restaurant Business. Alexxa’s brought in $28.8 million in food and drink sales, and about 600,000 meals served. The restaurant ranked No. 9 on the list…The 10 Vegas restaurants (all but one on the Strip) in the top 100 together racked up nearly $200 million in sales for 2023.

News

Revenue Surges 48% Year-Over-Year in September 2024

West Virginia

West Virginia’s sports betting revenue surged in September 2024, seeing a 48% increase compared to the same month last year…the state generated $7.1 million in revenue from a $46.4 million handle, marking the second-highest monthly revenue ever recorded for the state’s sportsbooks…the total handle—$46.4 million wagered—was down 7% compared to September 2023.

Casino And Gaming News

Macau

October 2024

Macau's gaming revenue jumps 15 percent

Macau's gaming revenue rose 15.5 percent year-on-year in September, exceeding analysts' forecast as casinos gear up for one of China's biggest holidays, which usually fuels travel to the gambling hub.

Gross gaming revenue reached 17.25 billion patacas (HK$16.73 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau. The result is compared to the median analyst estimate of a 14.2 percent increase and has returned to 78 percent of the pre-pandemic level seen in 2019.

The reporting was still lower than in the previous month, as September - when children go back to school and it being a peak typhoon month - is historically a weak season for Macau.

Expectations for the Golden Week holiday, which started yesterday, are high. Advanced bookings for hotel rooms are strong, with bigger gamblers making reservations earlier than usual, Citigroup analyst George Choi wrote in a note.

Affluent players remain able and willing to spend, and the trend seems to be accelerating, Choi said, citing a survey of gaming table performances.

Still, retail sales in Macau have shown signs of weakness. Lower-spending players appear to be betting less for the first time since China's reopening from Covid early last year, according to Choi. It is expected that this trend will ease as Beijing's recent announcement of a series of economic stimulus measures boosts disposable income, he added.

News

Global Gaming

Eklutna tribe clears land for anticipated casino

Alaska

A tribe near Anchorage has begun clearing land for the possibility that it will soon win federal approval to build a 50,000-square-foot facility with a tribal gaming operation. The casino would be the first of its kind outside Southeast Alaska. The Native Village of Eklutna has long pursued the idea of building the gaming hall on 8 acres of land…The parcel is in Birchwood, about 20 miles northeast of downtown Anchorage.

News

Julapun pushes for talks on casino complex plan

Thailand

Deputy Finance Minister Julapun Amornvivat is calling on all relevant state agencies to discuss the government's push to allow casinos to operate within entertainment complexes. He hopes the discussion can be concluded by the middle of the month. He said the discussion will focus on the mechanism for tax collection, as there are restrictions in the State Fiscal and Financial Disciplines Act that the government must adhere to.

News

Nevada

Sports Betting Revenue Grows in August

Nevada sports betting posted August gains in handle and revenue, total August volume surpassed $455.2 million, a boost from the $431.6 million bet during the same month last year. Nevada sports betting operators cleared $25 million behind a 5.5% August win rate…The 5.5% hold for NV sportsbooks is one of the lowest this year, though on par with the market’s average win rate of less than 6%.

News

Florida

Slot revenue rises to $54.9 million in August

Florida Gaming Control Commission has revealed that the state’s non-tribal casinos collected almost $54.9 million in net slot revenue in August from around $825.6 million in wagers. That’s a 1.5 percent year-on-year increase from the $54.1 million generated in August 2023. With 1,236 machines, Harrah’s Pompano Beach Casino, reported as the Isle Casino & Racing at Pompano Park, led with $9.8 million of the total.

News

Pete Rose dies at age 83

Pete Rose, baseball’s career hits leader and fallen idol who undermined his historic achievements and Hall of Fame dreams by gambling on the game he loved and once embodied, has died. He was 83. Stephanie Wheatley, a spokesperson for Clark County in Nevada, confirmed on behalf of the medical examiner that Rose died Monday. Wheatley said his cause and manner of death had not yet been determined. Rose is in the WWE Hall of Fame (Celebrity Wing) Rose was grabbed around the neck in a staged skit by the late, great, Andre The Giant. And yes, there are some WWE themed slot games, mainly found in Vegas, Atlantic City and Florida from what the foot soldiers tell us.

News

Australia

Star Sydney could be worth as little as $8m: Barrenjoey consultants; Star Entertainment’s Sydney casino has emerged as a laggard in the troubled company’s property portfolio with one estimate putting its valuation as low as $8m!

News

Atlantic City

Atlantic City hotels defeat latest class action over casino room rates

Major casino-hotel operators in Atlantic City including Caesars Entertainment and MGM Resorts have persuaded a U.S. judge to dismiss a proposed consumer class action accusing them and a revenue management platform of overcharging for room rentals.

U.S. District Judge Karen Williams in Camden, New Jersey, ruled, opens new tab on Tuesday that the consumers had failed to present enough evidence to let their price-fixing lawsuit move ahead.

Williams dismissed the consumers’ lawsuit with prejudice, meaning it cannot be filed again. The case was part of a wave of new lawsuits claiming the use of revenue management platforms that rely on rivals' data can be deemed price-fixing.

The judge’s ruling marked a second setback for plaintiffs claiming that major hotels schemed to artificially jack up room rates. Consumers in a related case have appealed a Nevada federal judge’s order dismissing their lawsuit against Wynn Resorts, Caesars and others.

In both cases, the plaintiffs alleged hotel owners fed sensitive internal information — such as real-time price and occupancy data — to a shared software platform that offered pricing recommendations.

The hotels and the software maker, Cendyn, which was also a defendant, have denied any wrongdoing.

Representatives from Cendyn, Caesars Entertainment, MGM Resorts and Hard Rock on Tuesday did not immediately respond to messages seeking comment.

The plaintiffs’ attorneys in the New Jersey case at law firms Lite DePalma Greenberg & Afanador; Burns Charest; and Susman Godfrey did not immediately respond to a similar request.

The consumers said in their lawsuit that the hotels used Cendyn’s “Rainmaker” software “as their shared pricing brain” that “does all the hard work for them.”

They said “while the AI-driven technology at issue may be fairly novel, the underlying conduct is not.” (Wires)

Casinos/Profile via Grok

Here's an overview of the latest updates and trends regarding casinos as of October 2024, based on the information available:

Global Expansion and New Developments:

Jamaica is re-opening the application period for an integrated casino-resort license, indicating interest in expanding its tourism and entertainment offerings through casino gaming.

Norfolk, Virginia has given final approval for a new casino project, which will likely contribute to local tourism and economy, reflecting a trend where cities are increasingly seeing casinos as economic development tools.

Japan and UAE are among the regions moving towards establishing casino facilities, aiming to attract tourists. However, these might be restricted to non-locals, a common practice to control potential social impacts of gambling within the local population.

New York continues to explore online gambling legislation, which could significantly expand the casino industry's reach in the state by legalizing online casinos.

Economic Performance:

Nevada, particularly Las Vegas, reported a slight decline in casino winnings for August 2024 compared to the previous year, suggesting possible market saturation or shifts in gambling preferences towards other forms like online betting.

Innovation and Entertainment:

Steve Cohen, the owner of the New York Mets, has proposed an $8 billion casino and entertainment complex next to Citi Field, illustrating how casinos are increasingly integrated with sports and entertainment complexes to offer multifaceted experiences.

Technological and Gaming Trends:

There's a noted trend towards tightening up on various casino offerings like comps, free play, and even slot machine payouts, possibly in response to increased competition from online gambling platforms and a need to adjust profit margins.

Online Gambling continues to grow, with platforms like Ignition Casino, Cafe Casino, and DuckyLuck Casino highlighted for their offerings in the U.S. This reflects a broader shift towards digital platforms, where convenience, a variety of games, and bonuses are key attractions.

Security and Social Responsibility:

Casinos globally are enhancing their surveillance and security measures, often referred to as "the eye in the sky," to combat cheating and fraud, ensuring a safer environment for all patrons.

There's an ongoing emphasis on responsible gambling, with various regions implementing measures and support systems for gamblers, recognizing the potential social and economic impacts of casino gambling.

Market Sentiment:

From posts on X (formerly Twitter), there's a mix of excitement about new casino developments and concerns over the tightening of casino offerings, suggesting a complex relationship between gamblers and the industry.

In summary, the casino industry in 2024 is witnessing expansion into new markets, integration with broader entertainment complexes, technological adaptation towards online platforms, and a strategic focus on security and responsible gambling. This reflects an industry evolving to meet new consumer behaviors, technological capabilities, and regulatory environments. (Grok)

Casino News/Profile via Grok

The term "casino" refers to a facility where gambling activities take place, which often integrates with other entertainment options like hotels, restaurants, and live shows, making it a central hub for leisure and gambling. Here's an overview based on current insights and historical context:

Evolution of Casinos: Originating from the Venetian Ridotto in 1638, casinos have evolved from exclusive gambling houses to multifaceted entertainment centers. Today, they are known for merging traditional gambling with modern technology, offering everything from classic table games to digital slots and live dealer sessions.

Modern Online Casinos: The digital age has ushered in online casinos, providing an accessible platform for gambling from anywhere. These platforms, like those highlighted in recent promotions on X, offer various incentives such as bonuses for new sign-ups, free spins, and the integration of cryptocurrencies for transactions, enhancing user engagement with promises like "deposit now and receive FREE BTC!" This reflects a trend towards digital currencies in gambling for increased security, anonymity, and efficiency.

Cultural Impact and Controversy: Casinos, both physical and online, are not without controversy. They're often discussed in terms of their societal impact, including issues like gambling addiction. A perspective shared on X questions the legality and morality of state-run casinos like Holland Casino in the Netherlands, pointing out the potential for addiction due to high stakes gambling, contrasting it with smaller community events like bingo nights.

Entertainment Beyond Gambling: Besides gambling, casinos are pivotal in the entertainment industry, hosting concerts, stand-up comedy, and even sports events. This diversification aims at attracting a broader audience, not just gamblers, enhancing their appeal as comprehensive entertainment hubs.

Global Presence: Casinos like Marina Bay Sands in Singapore and those along the Las Vegas Strip are not just gambling venues but architectural marvels and economic powerhouses, contributing significantly to local economies through tourism.

Technological and Thematic Innovation: Modern casinos incorporate advanced technology for surveillance and game fairness, alongside themes that range from historical to futuristic, creating immersive environments for visitors.

Community and Legal Perspectives: There's an ongoing debate about the accessibility of casinos to locals, especially in regions where gambling might be viewed as culturally or legally sensitive. This reflects in discussions on platforms like X, where the impact of allowing locals into casinos like in Vietnam is pondered, weighing tourism benefits against social costs.

In summary, "casino" in today's context represents more than just gambling; it's a convergence of technology, entertainment, and sometimes, societal debate. The integration of online platforms and cryptocurrencies is pushing the boundaries of traditional gambling, making it more inclusive yet sparking discussions on regulation, addiction, and societal impact. (Grok)

Casino And Gaming News

Macau

October 2024

Macau's gaming revenue jumps 15 percent

Macau's gaming revenue rose 15.5 percent year-on-year in September, exceeding analysts' forecast as casinos gear up for one of China's biggest holidays, which usually fuels travel to the gambling hub.

Gross gaming revenue reached 17.25 billion patacas (HK$16.73 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau. The result is compared to the median analyst estimate of a 14.2 percent increase and has returned to 78 percent of the pre-pandemic level seen in 2019.

The reporting was still lower than in the previous month, as September - when children go back to school and it being a peak typhoon month - is historically a weak season for Macau.

Expectations for the Golden Week holiday, which started yesterday, are high. Advanced bookings for hotel rooms are strong, with bigger gamblers making reservations earlier than usual, Citigroup analyst George Choi wrote in a note.

Affluent players remain able and willing to spend, and the trend seems to be accelerating, Choi said, citing a survey of gaming table performances.

Still, retail sales in Macau have shown signs of weakness. Lower-spending players appear to be betting less for the first time since China's reopening from Covid early last year, according to Choi. It is expected that this trend will ease as Beijing's recent announcement of a series of economic stimulus measures boosts disposable income, he added.

News

Global Gaming

Eklutna tribe clears land for anticipated casino

Alaska

A tribe near Anchorage has begun clearing land for the possibility that it will soon win federal approval to build a 50,000-square-foot facility with a tribal gaming operation. The casino would be the first of its kind outside Southeast Alaska. The Native Village of Eklutna has long pursued the idea of building the gaming hall on 8 acres of land…The parcel is in Birchwood, about 20 miles northeast of downtown Anchorage.

News

Julapun pushes for talks on casino complex plan

Thailand

Deputy Finance Minister Julapun Amornvivat is calling on all relevant state agencies to discuss the government's push to allow casinos to operate within entertainment complexes. He hopes the discussion can be concluded by the middle of the month. He said the discussion will focus on the mechanism for tax collection, as there are restrictions in the State Fiscal and Financial Disciplines Act that the government must adhere to.

News

Nevada

Sports Betting Revenue Grows in August

Nevada sports betting posted August gains in handle and revenue, total August volume surpassed $455.2 million, a boost from the $431.6 million bet during the same month last year. Nevada sports betting operators cleared $25 million behind a 5.5% August win rate…The 5.5% hold for NV sportsbooks is one of the lowest this year, though on par with the market’s average win rate of less than 6%.

News

Florida

Slot revenue rises to $54.9 million in August

Florida Gaming Control Commission has revealed that the state’s non-tribal casinos collected almost $54.9 million in net slot revenue in August from around $825.6 million in wagers. That’s a 1.5 percent year-on-year increase from the $54.1 million generated in August 2023. With 1,236 machines, Harrah’s Pompano Beach Casino, reported as the Isle Casino & Racing at Pompano Park, led with $9.8 million of the total.

News

Pete Rose dies at age 83

Pete Rose, baseball’s career hits leader and fallen idol who undermined his historic achievements and Hall of Fame dreams by gambling on the game he loved and once embodied, has died. He was 83. Stephanie Wheatley, a spokesperson for Clark County in Nevada, confirmed on behalf of the medical examiner that Rose died Monday. Wheatley said his cause and manner of death had not yet been determined. Rose is in the WWE Hall of Fame (Celebrity Wing) Rose was grabbed around the neck in a staged skit by the late, great, Andre The Giant. And yes, there are some WWE themed slot games, mainly found in Vegas, Atlantic City and Florida from what the foot soldiers tell us.

News

Australia

Star Sydney could be worth as little as $8m: Barrenjoey consultants; Star Entertainment’s Sydney casino has emerged as a laggard in the troubled company’s property portfolio with one estimate putting its valuation as low as $8m!

News

Atlantic City

Atlantic City hotels defeat latest class action over casino room rates

Major casino-hotel operators in Atlantic City including Caesars Entertainment and MGM Resorts have persuaded a U.S. judge to dismiss a proposed consumer class action accusing them and a revenue management platform of overcharging for room rentals.

U.S. District Judge Karen Williams in Camden, New Jersey, ruled, opens new tab on Tuesday that the consumers had failed to present enough evidence to let their price-fixing lawsuit move ahead.

Williams dismissed the consumers’ lawsuit with prejudice, meaning it cannot be filed again. The case was part of a wave of new lawsuits claiming the use of revenue management platforms that rely on rivals' data can be deemed price-fixing.

The judge’s ruling marked a second setback for plaintiffs claiming that major hotels schemed to artificially jack up room rates. Consumers in a related case have appealed a Nevada federal judge’s order dismissing their lawsuit against Wynn Resorts, Caesars and others.

In both cases, the plaintiffs alleged hotel owners fed sensitive internal information — such as real-time price and occupancy data — to a shared software platform that offered pricing recommendations.

The hotels and the software maker, Cendyn, which was also a defendant, have denied any wrongdoing.

Representatives from Cendyn, Caesars Entertainment, MGM Resorts and Hard Rock on Tuesday did not immediately respond to messages seeking comment.

The plaintiffs’ attorneys in the New Jersey case at law firms Lite DePalma Greenberg & Afanador; Burns Charest; and Susman Godfrey did not immediately respond to a similar request.

The consumers said in their lawsuit that the hotels used Cendyn’s “Rainmaker” software “as their shared pricing brain” that “does all the hard work for them.”

They said “while the AI-driven technology at issue may be fairly novel, the underlying conduct is not.” (Wires)

Gaming, Hotel And Casino News: U.S

September 2024

New Jersey Internet gambling sets new record at $198M in revenue, but land casinos lag

Internet gambling in New Jersey had its best month ever in August, bringing in over $198 million in revenue even as most of Atlantic City’s land-based casinos continued to win less than they did before the COVID-19 pandemic. Figures released Monday by the New Jersey Division of Gaming Enforcement show that internet gambling brought in $198.4 million, the highest monthly total ever recorded in the state and an increase of nearly 28% from a year earlier. That was the good news for Atlantic City’s gambling industry.

News

BetMGM impresses in NFL Week One, Jefferies analyst says

BetMGM handily outperformed the field in New York state in the first week of NFL wagering, according to data published September 15 in a Jefferies Equity Research investor note penned by analyst James Wheatcroft. According to Wheatcroft’s analysis, BetMGM grew its handle 54 percent from last year, revenue 24 percent, and winning margins 8.2 percent. For the market overall, the handle grew by 14 percent, but revenue dropped 43 percent and margin was down 6.8 percent. FanDuel recorded a seven percent decrease in handle and 54 percent lower revenue.

News

llinois: Casino revenue shoots up 3.1% in August after a slow summer

Illinois casinos posted positive monthly revenue for the first time since the spring. The state’s 15 casinos combined for a win of $140 million in August, up 3.1% from July’s total of $135.8 million. Revenue totals do not include online casinos because iGaming is illegal in the Prairie State. Illinois is a leading earner for land-based revenue and sports betting handle (total amount bet). But, is nowhere to be found in the world of online casinos. The state’s legislators made two attempts to legalize IL online gaming this year, but both fell short.

News

F1 not moving the Vegas needle, Truist analyst says

“F1 stuck in neutral for now,” wrote Truist Securities analyst Barry Jonas, leading off a September 16 investor note on the subject of Las Vegas room rates. He deemed them “fairly stable but soft” into the fourth quarter. A Truist survey of Las Vegas hotel-room prices had shown growth in August followed by slowness throughout the fall. Jonas said these findings were congruent with MGM Resorts International’s forward-looking commentary during its second-quarter earnings call. Wrote Jonas, “While our survey is just one facet of the market and can change, we note continuing investor concerns around slowing growth amidst tough comparisons.”

News

August casino revenue $63 million

Virginia (results) - Lottery Commission - The Virginia Lottery released its report on casino gaming activity for the month of August 2024. There are three operating casinos in Virginia: HR Bristol, Rivers Casino Portsmouth, and Caesars Virginia. During August, gaming revenues from Virginia casinos totaled $63.1 million. Hard Rock Bristol $15.9 million, Rivers Casino Portsmouth $26.6 million, and Caesars Virginia $20.4 million. Virginia law assesses a graduated tax on a casino’s AGR, or wagers minus winnings, and $11.8 million in taxes were paid to the Gaming Proceeds Fund.

News

MGM getting more solar energy with rural Nevada solar farm

Nevada (Las Vegas) - A solar farm in the remote Nevada desert will double MGM International’s capacity to use solar energy. It entered a power purchase agreement with a utility-scale solar company to use its forthcoming facility in Lincoln County. The company is expected to begin using that boost in green energy in 2026. MGM uses 90 percent renewable energy for 11 of its Las Vegas resorts’ daytime needs, the company said, but the new solar farm and battery storage facility will power 100 percent of daytime needs and some of what’s needed for nighttime.

News

Three Strip casinos get new top exec

Nevada (Las Vegas) - Three casino properties on the Las Vegas Strip will soon have a new boss following the company departure of the trio’s former top executive. Ken Ostempowski will be assuming the role of senior vice president and general manager of Paris Las Vegas, Planet Hollywood and Horseshoe. Ostempowski currently holds similar roles overseeing The ROW Reno, a three-casino resort destination in Northern Nevada operated by Caesars. According to Ostempowski’s LinkedIn profile, he has held executive-level positions in multiple gaming markets, including Las Vegas, the Gulf Coast, the Midwest and Colorado.

News

Strip resort reveals rare tier-match offer

Nevada (Las Vegas) - For the first time since introducing a new player rewards program, a Las Vegas Strip casino is offering to upgrade gamblers’ loyalty cards to a comparable level from other casinos. The Venetian casino-hotel is launching a tier-match promotion that will allow customers to receive a Venetian Rewards card status that is on par with or better than what they currently have with another casino operator. The Venetian Resort Las Vegas’ tier-match event begins Oct. 1, according to a recent email, and will run through Jan. 1.

News

Boyd bets big on large sportsbooks even as mobile betting flourishes

Nevada (Las Vegas) - The largest sportsbook operated by Boyd Gaming Corp. may not be the place “where everybody knows your name.” But that sentiment is the reason the company (with its nine Las Vegas casinos) and other gaming operators continue to invest millions of dollars into expanding or modernizing large sportsbooks with massive viewing screens, comfortable seating areas and food and beverage options. Those expenditures happen even as more than 65 percent of Nevada’s $8 billion sports gaming industry come through mobile wagering accounts — bets made anywhere outside the casino. “A sportsbook is more than just a place to make wagers,” said Boyd Gaming Vice President of Race & Sports Bob Scucci. “At our properties, the sportsbook is the place where people come four or five times a week. It’s where they go to meet their friends and congregate.”

News

Opening sportsbook with Jay-Z at Ocean Casino, Fanatics CEO Michael Rubin explains Atlantic City’s appeal

Michael Rubin’s love for Atlantic City goes back to when he was about 12 years old. “The gambling age was 18 when I was a kid,” the once-small kid from Philadelphia recalled. “I remember when I was 12 years old, I went to an Atlantic City casino, to Caesars. It was 40 years ago. I won $2,500. I called my mom from a pay phone and said, ‘Mom, I got great news! I just won $2,500!’ She asked how, and I said, ‘I’m in a casino in Atlantic City,’ and she goes, ‘You’re grounded, get home.’ That’s my favorite story.”

News

A jobs boon from a casino at Manhattan’s Hudson Yards? Experts aren’t betting on it.

When casino giant Wynn showed off plans for its Hudson Yards West casino proposal last month, it enlisted progressive heavyweights to make the case that the venture would be a jobs bonanza for poor and working-class New Yorkers. The endorsements were full-throated and infused with hope and promise. Leaders from the NAACP, National Urban League and Win, New York City’s largest provider of family shelter and permanent supportive housing, were among the groups that said the proposal would bring significant career opportunities.

News

Maine’s first in-person sports betting bar opens in Portland

Maine’s first, in-person sports-betting bar is officially open. “Oddfellahs” opened on Market Street on Friday… The bar has partnered with Caesars Sportsbook, one of two sportsbooks authorized under Maine’s new law to run sports betting, the other being DraftKings. The founder of “Oddfellahs” says there’s more to the bar than just sports betting.

News

IIlinois Gaming Board renews Rivers Casino’s license

The Illinois Gaming Board on Thursday renewed Rivers Casino’s gaming license as well as Hawthorne Race Course’s master sports wagering license. Both renewals by the state agency came via unanimous 4-0 votes and are good for four years, with Rivers now licensed through August 2028 and Hawthorne through September of that year.

News

Bellagio removing trees as F1 prep begins on the Las Vegas Strip

The Las Vegas Grand Prix is around the corner and the Bellagio casino-hotel is days away from starting race preparations. On Monday, work crews will begin removing the trees in front of the Fountains of Bellagio along Las Vegas Boulevard to make room for the construction of the Bellagio Fountain Club (an F1 spectator area for VIPs). (Wires, A.I News)

Sydney, Australia

24 hours to fix a casino: Star chases cash to fend off insolvency -
September 1, 2024

The Star Entertainment Group is chasing hundreds of millions of dollars in extra funding from investors as the embattled casino operator fights the clock to stave off financial collapse.

Discussions with its major investors, such as pokies billionaire Bruce Mathieson, continued deep into Sunday evening ahead of the expected release of Star Entertainment’s annual results on Monday.

A fresh injection of cash into the business would allow Star to secure its ongoing viability after a second probe into the company’s culture found it unsuitable to hold a casino licence.

Mathieson, with an estimated wealth of $2.5 billion, is one of the investors to have backed Star’s previous rounds of capital raising last year, which netted close to $1.5 billion. The casino operator’s business is currently worth just $1.3 billion, based on the last trading price of its stock at 45 cents.

Fund manager Perpetual has been another willing backer of Star Entertainment in recent months. Mathieson owns a 9.6 per cent stake but recently received regulatory approvals to acquire up to 20 per cent of Star’s shares. Meanwhile, Perpetual lifted its stake to 8.8 per cent in May but would need regulatory approval to lift its stake above 10 per cent.

The next 24 hours will be crucial for the casino operator, which was forced to delay the announcement of its full-year results on Friday. Star Entertainment needs to show the market it has the funding needed to stabilise its underperforming casino business while also fixing the probity issues that have left the company’s retention of its Sydney casino licence in doubt.

According to reports in the Australian Financial Review, Star is also talking to its lenders about debt relief and possible fresh funding. It is also said to be talking to the NSW and Queensland governments about tax relief.

The company was sounding out investors for a $300 million raising last week via a convertible notes issue before the final report of a second inquiry into its Sydney casino landed from Adam Bell, SC, on Friday. While the report said Star Entertainment was still unfit to hold a licence, it stopped short of recommending the licence be revoked.

Star’s latest results are expected to reveal massive writedowns of its newly opened Brisbane casino, Queen’s Wharf, which cost nearly double the initial $2 billion estimate, and at a time when casinos are underperforming across the country due to the cost of living crisis and anaemic tourist interest. The Queen’s Wharf precinct is a joint venture with Chow Tai Fook Enterprises and Far East Consortium.

Star Entertainment chief executive Steve McCann, who previously led Crown Resorts through to its takeover by US private equity group Blackstone, joined the company in June.

“I recognise that there are many complex issues and challenges for the company to address,” McCann said at the announcement of his appointment.

“I am committed to working with the board and the various stakeholders to help drive change, restore confidence and achieve a sustainable resolution.”

Star Entertainment will also have to contend with the soon-to-be-implemented cashless gaming cards, which are designed to stop money laundering and address problem gambling on poker machines but will hit the company’s pokie revenues in Sydney.

Earlier this year, Star issued a downgrade saying it now expects to generate just $1.68 billion in total revenue from its two casinos in Queensland and its casino in NSW this financial year. This is a fall from $1.8 billion in 2023, which was originally thought to be the low point.

The Star recorded a total loss of $2.44 billion in 2023. Its then CEO, Robbie Cooke, was adamant at the time the group would do better this year.

On top of its underperforming casino business and the remediation needed to retain its casino licence, Star also faces further fines, including from the money laundering regulator AUSTRAC. Last year, Star provided for fines and penalties of $150 million from alleged non-compliance with anti-money laundering laws in its financial report for the half-year ended December 31, 2022, after ASIC raised concerns.

Gaming analysts from Macquarie estimate the AUSTRAC fine could hit $350 million, but another significant issue is what cost-cutting is needed to keep it in line with structurally lower revenues next year.

“Star Entertainment has attractive long-duration casino licences across Queensland and NSW, but there are near-term uncertainties on the earnings, and a long list of outstanding issues which need to be cleared before we can get comfortable with the investment thesis,” Macquarie said.

Star also faces class action lawsuits on behalf of investors who have watched the stock plunge from a pre-pandemic high of $4 to just 45¢ as of last week.

Star declined to comment on Sunday. (Wires)

Profiles

Bitcoin

Television Music Movies Hollywood WWE Wrestling Business Gaming Entertainment

Advertising Promotions

Gaming, Hotel, Casino and Sports News: USA

July 2024

American Gaming Association announces 2024 Gaming Hall of Fame inductees

The American Gaming Association Wednesday announced the Gaming Hall of Fame Class of 2024, honoring three individuals for their contributions to the industry. The new members are: Jim Allen, Hard Rock International Chairman, Seminole Gaming CEO, and former chairman of the AGA. Alan Feldman, UNLV International Gaming Institute Director of Strategic Initiatives and Distinguished Fellow in Responsible Gaming, and a former executive with MGM Resorts International. Debi Nutton, Everi Holdings Board Member, executive coach-consultant, and former casino operations executive. (CDC, AI News, Wires)

News

Las Vegas: Downtown Grand hotel-casino seeks buyer

A downtown Las Vegas hotel-casino is looking for a buyer. Downtown Grand, the 1,124-room property one block north of the Fremont Street pedestrian mall, is on the market, multiple industry sources confirmed. The property is owned by real estate investment firm CIM Group and operated by Fifth Street Gaming, a Las Vegas-based operator whose portfolio includes the Silver Nugget and Ojos Locos Sports Cantina and Casino in North Las Vegas and the Golden Tiki restaurant in Chinatown. Fifth Street Gaming and the property’s agent...did not respond to multiple requests for comment Tuesday.

News

New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state

In one of the most sternly worded rebukes they have ever issued, New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state, which it called “unacceptable conduct” that demonstrated weaknesses in the company’s business abilities. The errors resulted in regulators having to post corrected financial data for several months, something that had not happened in 13 years. The mistakes involved overstating the amount of money wagered on multi-tiered bets, or parlays, and understating other categories of wagers.

News

Golden Nugget Lake Tahoe hotel renovations set to begin

The Golden Nugget Lake Tahoe Hotel and Casino is moving ahead with major renovations under its new owner, billionaire Tilman Fertitta. Last August, Feritta’s Golden Landry’s LLC and GN NV Holdings acquired the Hard Rock Lake Tahoe from Paragon Gaming with cash, then rebranded it. Fertitta’s attorney Sonia Vermeys with Brownstein Hyatt Farber Schreck told the Nevada Gaming Control Board Wednesday that the her client had always intended to finance the transaction. In December, the owner of the land entered into a term-loan agreement with Deutsche Bank.

News

Bermuda regulator’s reports show efforts to resolve casino industry roadblock

Failed efforts by the Bermuda Gaming Commission to solve the banking issues that have held up the launch of a casino industry are described in newly released annual reports. David Burt, the Premier, finally tabled the publicly funded regulator’s reports for 2020 to 2023 in the House of Assembly last Friday, after falling behind in sharing them with taxpayers. They shed some light on how the commission has tried to get banks to handle casino transactions — a necessity for the sector to get up and running — but even the most recent report, for 2022-23, is out of date.

News

Bally’s Chicago secures casino financing, unveils new hotel design

One week after taking possession of the Freedom Center printing plant, Bally’s has secured the needed financing to supplant it with a $1.7 billion Chicago casino complex on the 30-acre site in River West. Bally’s announced a deal Friday with Gaming and Leisure Properties, a Pennsylvania-based real estate investment trust, to provide $940 million to fund the construction of the permanent casino. In addition, Bally’s has also finalized redesign of its planned 500-room hotel tower, which has been shifted from north of the casino to the south to avoid damaging city water pipes along the Chicago River, pending approval from the city’s planning department.

News

Walmart is preparing major push into lottery sector

At its annual summit in early April, retail giant Walmart convened various lottery industry vendors and suppliers and revealed, more or less: Walmart is preparing a push from lottery bystander to active participant and competitor, with plans to launch an app that it may eventually equip with iLottery capabilities. The message was conveyed in meetings with the likes of IGT, Scientific Games, NeoPollard, and others currently working with the retail behemoth. Walmart representatives unveiled a slogan aimed at the lottery industry, “Be in it to Win it,” according to presentation materials from the Bentonville, Arkansas summit that were reviewed by Lottery Geeks.

News

Colorado: RCI Hospitality pulls casino license applications in Colorado

Entertainment company RCI Hospitality Holdings has withdrawn its applications to operate casinos from the Colorado Division of Gaming. The company, known for operating strip clubs and nightclubs like Rick’s Cabaret and restaurants like Bombshells Restaurant and Bar, also disclosed its intention to develop its share buyback program. The decision follows the NASDAQ-listed company’s acquisition of three properties in Central City for potential casino developments, which will not proceed as planned. The company also intends to sell other properties that are no longer required, including a 20,000-square-foot building and another site initially intended for a 30,000- to 40,000-square-foot development.

News

Las Vegas: Tropicana operators take the next step toward implosion

The Tropicana is one step closer to coming down, after property operators submitted a commercial implosion permit application with Clark County officials on Thursday. A permit application shows Bally’s Corp., operators of the former Rat Pack-era resort, want to implode a 22-story concrete tower and a 22-story steel tower in a “single explosive event.” A spokesperson for Bally’s said the company is still expecting an October implosion. No other details were available. The company tasked with the implosion will be Controlled Demolition Inc., according to the application. (CDC, AI News, Wires)

News

Gaming, Casino and Property News

Nevada sets May gaming revenue record

In Case You Missed It

June 27, 2024

Nevada set a May record with $1.32 billion in gaming revenue. It was also the eighth highest total in history as the Strip continues to benefit from a strong events calendar that boosted hotel occupancy and room rates.

The $1.32 billion rose 2.5% or $31.6 million versus May 2023. For the year, total win is up 3.2% or $202 million, according to the Nevada Gaming Control Board.

Of that, the combined total for the Las Vegas Strip and the balance of Clark County are up $207.2 million or 4.9% for the year. The Strip alone is up 3.5% for the year.

The Strip’s gaming win of $742.5 million increased 3.7% or $26.6 million and accounted for 84.1% of the statewide increase in May. Statewide win excluding the Strip increased $5 million or 0.9%, according Michael Lawton, senior economic analyst for the Gaming Control Board.

Lawton said the Strip benefited from a very robust event calendar in May. Harry Reid International Airport recorded its second highest month in passenger count in history in May.

The Las Vegas Convention and Visitors Authority reported 3.65 million visitors in May, a 4.6% increase over May 2023’s 3.49 million. The LVCVA cited the Electric Daisy Carnival, which typically attracts hundreds of thousands of attendees, and convention attendance of 461,900, up 1.8%.

Lawton said special events or other items of note included Canelo Alvarez fighting Jaime Munguia at the T-Mobile Arena on May 4 for the undisputed Super Middleweight world title. Justin Timberlake performed at the T-Mobile Arena for his “Forget Tomorrow” world tour on May 10. The Rolling Stones played Allegiant Stadium on May 11. The MGM Grand Garden Arena featured Pearl Jam for two nights on May 17-18. Maroon 5 returned to Dolby Live at Park MGM May 17-31. Garth Brooks and Adele were both in town for their residencies at the Colosseum at Caesars Palace for multiple dates during the month of May. Carrie Underwood returned to the Resorts World Theatre from May 22-31.

The strong event schedule helped fill hotel rooms; overall occupancy was 86.1%, up from 84.4% a year ago. Weekend occupancy was 93.4%, up from 93.2%. Strip occupancy hit 88.5%, up from 87%. The average daily room rate on the Strip was $212, up 9% from $194 a year ago, according to the LVCVA.

The Strip’s slot win totaled $402.9 million and increased 2.6% or $10.1 million with a 6.5% or $306.3 million increase in coin-in. Slot hold was 7.99% versus 8.29% last year, Lawton said.

The Strip’s games win totaled $339.5 million and increased 5.1% or $16.4 million and drop increased 4.9% or $100 million. Games hold percentage was 15.8% versus 15.7% last year.

Strip baccarat win totaled $122.1 million, but was down $8.7 million or 6.6%. Volume totaled $758.1 million, down 2.4% or $18.2 million. Hold was 16.1% versus 16.9%. Total win excluding baccarat increased by 6% or $35.2 million.

Strip twenty-one win of $93.2 million increased 17.6% or $13.9 million. Volumes totaled $615.3 million and increased 10.43% or $58.1 million. Hold percentage was 15.15% versus 14.23% last year.

Strip roulette win of $37.4 million increased 55.5% or $13.3 million. Volumes totaled $185.9 million and increased 28.7% or $41.5 million. Hold percentage was 20.09% versus 16.63% last year.

Locals casinos generate $277.7 million in revenue in May, up 5.1% year over year. Revenue is up 10.3% for the second quarter compared to a year ago.

Downtown casinos had $74.8 million, up 1.6% over $73.6 million in May 2023. North Las Vegas had $24.7 million, up 2.1% over last year. Downtown’s occupancy reached 76.1% in May, up from 71.4% a year ago. Room rates were up 15.4% to $124.92

Elsewhere, Laughlin had $36.9 million, down 21.4% from $46.9 million a year ago. Mesquite had $16.3 million, up 8.5%. Reno had $65.2 million, down 1.1%. Sparks had $15.3 million, up 2%. South Lake Tahoe had $17.6 million, down 9.4%.

Lawton said Laughlin was impacted by slot-revenue timing in May 2023, as April 2023 ended on a Sunday and revenue was subsequently reported in May 2023. Laughlin casinos also experienced some softness in slot volume, down 5.7% even with an additional weekend day. Total win of $36.9 million was down 21.4% or $10.1 million. For the year, Laughlin is down 6.2%. Slot win was down 23.4% or $10.2 million. Slot coin-in was down 5.7% ($27.9 million), while the hold was 7.2% versus 8.9%.

Statewide, Nevada sportsbooks won $36 million, up 19.8% or $6 million compared to May 2023 on a hold percentage of 7% versus 5.7% last year. Sportsbook wagers totaled $515.1 million, down 2.3% or $12 million compared to last May, when $527 million was wagered statewide. Mobile wagers totaled $351.2 million, down 1.9% or $6.7 million and accounted for 68.2% of total wagers, Lawton said.

Statewide slot win of $886.1 million increased 1% or $8.5 million and coin-in of $12.3 billion was up $501.2 million or 4.2%. Slot hold percentage was 7.19% versus 7.43% last year.

Statewide table, counter, and card games win of $434.3 million increased 5.6% or $23.1 million and games drop of $2.9 billion, increased 4.8% or $132.6 million from May 2023. Games hold percentage was 15.13% versus 15.01% last year.

Statewide baccarat win of $126.4 million decreased 5.5% or $7.4 million and baccarat drop of $780.3 million decreased 1.8% or $14 million. Baccarat’s hold percentage was 16.20% versus 16.84% last year. Statewide total win excluding baccarat increased 3.4% or $39 million. This is the first decrease in monthly baccarat win since June 2023, ending a streak of 10 consecutive increases.

Statewide twenty-one win of $116.8 million increased 11.4% or $12 million. Volumes totaled $788.1 million and increased 12.9% or $90.2 million. Hold percentage was 14.82% versus 15.02% last year.

Statewide roulette win of $44.1 million increased 45.9% or $13.9 million. Volumes totaled $217.6 million and increased 24.9% or $43.3 million. Hold percentage was 20.29% versus 17.37% last year. (CDC, AI News, Wires)

UK teen arrested in connection to global cybercrime group that targeted MGM Resorts
- July 19, 2024

LAS VEGAS

Police in England arrested a teenager in connection with a global cyber online crime group that targeted several companies, including MGM Resorts, according to the FBI office in Las Vegas.

West Midlands police arrested a 17-year-old boy from Walsall, a town in West Midlands, England, on Thursday, July 18, the bureau posted on X Friday morning.

The arrest was made by officers from the Regional Organised Crime Unit for the West Midlands (ROCUWM) and the National Crime Agency in coordination with the FBI, according to West Midlands police.

Officers took the suspect, who was not named, into custody on suspicion of blackmail and computer misuse act offenses. He was released on bail while West Midlands police continued its investigation.

Officers recovered evidence that they said included several digital devices that will be forensically examined.

The suspect’s arrest is part of a global investigation into a large-scale cyber hacking community that targeted major companies, including MGM Resorts.

“These cyber groups have targeted well-known organizations with ransomware and they have successfully targeted multiple victims around the world taking from them significant amounts of money,” Detective Inspector Hinesh Mehta, cyber crime unit manager at ROCUWM, said in a West Midland Police release.

On Sept. 11, 2023, a “cybersecurity issue” affected some of the systems for MGM Resorts International. The company shut down some of its systems to help protect the company’s data.

Nearly ten days later, MGM Resorts posted on social media stating that all operations returned to normal.

“We know first-hand the damage these criminals can do and the importance of working with law enforcement to fight back,” a spokesperson from MGM Resorts said in the release. “By voluntarily shutting down our systems, refusing to pay a ransom and working with law enforcement on their investigation and response, the message to criminals was clear: it’s not worth it.”

2023

High Stakes: The ‘life-or-death’ battle over a company name

Two stars of Australia’s new economy – the similarly named share trading platform Stake and online cryptocurrency casino juggernaut stake.com – are locked in a life-or-death court battle over naming rights amid growing concerns the gambling outfit has major plans for its home country.

Stake the share platform launched legal action in the Federal Court in August seeking to enforce its trademarks and stop stake.com, a multibillion-dollar enterprise, from using that name for its business in Australia.

The fast-growing Sydney-based share trading platform, the third-largest broker in the country, alleges that the casino group stake.com has been breaking Australian consumer law and has misled consumers through the use of its brand in Australia and its marketing, including its sponsorship of the Alfa Romeo team and the sale of apparel.

Stake the share trading platform, which owns the URL stake.com.au, alleges stake.com’s use of the name in Australia has potentially led to consumers believing the two brands are related when they are not.

The share trading platform Stake, founded in 2017 by entrepreneurs Dan Silver and Matt Leibowitz, alleges there is a threat that more consumers could be misled if stake.com is allowed to continue with its plans to grow its business significantly in Australia under the brand name Stake.

The casino group, led by Melbourne-based twenty-somethings billionaires Ed Craven and Bijan Tehrani, is expected to seek to have the matter summarily dismissed.

A spokesperson for stake.com said: “We are aware of a frivolous claim lodged in the Federal Court by Stakeshop, which in part claims that our global Formula One team sponsorship impinges on their ability to sell trucker hats.”

“We are proud of the global stake.com brand. As a group, we abide by the laws of the countries in which we operate, and do not offer our stake.com platform to Australian customers. We believe the claim has no legal merit and will vigorously defend our rights.”

The court case has shed new light on stake.com’s expansion plans for Australia, where it remains blocked to Australian users.

Court documents reveal the casino group has sought to buy the stake.com.au website from the sharemarket trading platform business. According to the court documents, the casino group has also registered several Australian website domains for its Australian expansion and applied to register a slew of trademarks including Stake Australia, Stake Bet and Stake Casino.

The Federal Court action comes after years of simmering tensions between the two groups over the use of stake.com’s name in Australia.

Stake.com was established in 2017 but flew under the radar in Australia until late 2021, when this masthead revealed the local origins of the business that had grown to be one of world’s largest online casinos, processing hundreds of billions of bets on sports, virtual table games and online slot machines.

In early 2022, stake.com signed hip-hop megastar Drake as its lead ambassador. Later in 2022 it signed a multi-year deal to become lead jersey sponsor for English Premier League team Everton FC as well as its sponsorship of Alfa Romeo’s F1 team.

The significant increase in stake.com’s marketing and media presence was noticed at the share trading platform group that built its user base during the COVID-inspired boom in Gen Y and Gen Z investors, thanks in part to its ultra-low cost brokerage fee model, savvy marketing and the broadening into other financial services including a superannuation product.

A spokesman for Stake the share trading platform said that since the group was founded in Australia it had built a client base of more than 500,000 and more than $2.5 billion in assets under management.

“Over the past six years, we have established a trusted and culturally relevant Australian brand that reflects our dedication to meeting customer needs. It permeates all parts of our business, spanning products, content, internal culture, customer interactions and much more, making it our most valuable asset. We are committed to protecting the Stake brand and the high level of consumer trust associated with it,” the spokesman said.

“We are concerned by the threatened use of the Stake brand in Australia by stake.com in relation to gambling, casino and sports betting services, due to the potential for customer confusion and damage to our brand and reputation.”

Stake.com is not available in Australia but according to court documents, the group is already making arrangements for a major expansion in this country and is seeking a sports betting licence.

In October 2022, stake.com casino executive Brais Pena Sanchez contacted Stake share trading founder Silver on LinkedIn and arranged a video conference meeting where the pair discussed Stake the share platform selling its Australian URL, stake.com.au, to the Curacao-registered, Australian-operated casino group.

During those discussions, Sanchez – the casino group’s chief strategy officer – informed Silver that stake.com planned to launch in Australia under the name Stakebet, or similar, according to court documents. A deal never ensued and the website remains owned by the share trading platform.

Tensions flared again in early 2023 after stake.com the casino was announced as the new team sponsor for Formula 1 team Alfa Romeo, sparking a flurry of legal letters between the two groups ahead of the Melbourne race.

According to the court documents, the casino group’s lawyers assured the share trading Stake that it would not use its logo in conjunction with the Melbourne Grand Prix and did not intend to display the name on any vehicles or uniforms or as part of the Alfa Romeo team name.

However, the share trading Stake alleges that during the four days of the Grand Prix, Stake casino logos appeared on banners for official team merchandise, the team display and on signs at the event and in the race program.

In May, Stake.com was applying to register a large number of new trademarks for goods and services. This included Stake Australia, Stake Bookie, Stake Betting, Stake Gaming, Stake Esports, Stake Casino, Stake Sportsbook, Stake Bet, Stake Punt, Stake Sports, Stake Pokes and Stake Slots.

The casino group has also registered a series of Australian website names under the “.au” domain including stakebet.au; stakecasino.au, stakesports.au and playstake.au.

The case continues.

Crown to launch digital self-exclusion scheme for casinos - July 2023

People with gambling problems will be able to ban themselves from Crown casinos over the internet instead of having to do so in person, as part of a wider overhaul of the group’s approach to harm minimisation.

Crown Resorts’ new safer gambling program also includes the establishment of a dedicated gambling policy team, which will monitor customer playing behaviour and create interventions to better prevent gambling harm from occurring.

Crown boss Ciaran Carruthers joined the business last year following an overhaul of Crown’s management, after a series of bruising inquiries into the company. Carruthers, who has led other global casino groups including Wynn Macau, said the new leadership of Crown was committed to making gambling safer, even if it meant less turnover in its casinos.

“I have been in this business for 34 years and I can tell you – no one does this,” Carruthers said.

“It is critically important to me that when I look at the long-term viability of this business that people see our resorts as entertainment to enjoy safely.”

Under the changes, customers will be able to block themselves from entering a Crown casino through a new digital self-exclusion portal. Those who wanted to ban themselves from Crown venues were previously required to visit, in person, a designated responsible gambling centre run by the group.

The group has also moved to cashless gaming at Crown Melbourne and Crown Sydney – a condition of its temporary gaming licences in NSW and Victoria– as well as introducing $10 maximum bet limits on poker machines at Crown Perth. The technological overhaul required to facilitate the changes has so far cost the business $13 million.

Carruthers pointed to changes Crown has already made which go beyond government regulation, such as encouraging customers to take breaks every three hours, as an indicator of its commitment to shifting problem gambling patterns.

The group said it wanted to establish advisory panels to work with state regulators and community groups to improve gambling harm education and share its research.

Carruthers conceded some aspects of its new approach to harm minimisation, called Crown PlaySafe, would not be welcomed by heavy gamblers. But he argued the changes would make the casinos more appealing to the general public.

Crown’s new head of gambling policy research, Dr Jamie Wiebe, said the most critical shift in the groups gambling policy was a move away from harm minimisation to prevention.

“We want to prevent a problem from ever happening,” she said.

The new program was unveiled just weeks after the Federal Court determined Crown will pay one of the biggest penalties in Australian corporate history to the financial crimes watchdog, after past anti-money laundering and counter-terrorism failings in its Perth and Melbourne casinos.

The $450 million fine is about five per cent of Crown’s last listed market capitalisation before it was taken private by Blackstone Capital for $8.9 billion in May last year.

In 2019, an investigation by this masthead and 60 Minutes revealed Crown had been infiltrated by international criminal syndicates and money launderers.

Crown was forced to overhaul its board, management and procedures to satisfy the regulators, who approved a conditional licence for Crown to operate its Barangaroo casino in June 2022. The conditional licence is valid until the end of this year.

Carruthers said the integrated hospitality offerings at Crown meant the casino could afford to embrace the shift.

“I want people to enjoy the experience of our casinos whether they’re coming for dining, casino or retail. I’m fairly agnostic across which one of those experience or how many of those experiences you want to enjoy,” he said.

Reclusive Sydney gambling mogul emerges as kingmaker in South Africa - September 2023

Reclusive online gambling mogul Martin Moshal is playing an increasingly influential role in a push to oust the South African government.

Mr Moshal, who lives on the exclusive Sydney Harbour row of Camp Cove alongside shopping centre billionaire Steven Lowy, is not on many rich lists but has made a fortune from online casino technology.

Herman Mashaba is the leader of ActionSA, one of a handful of opposition parties Mr Moshal has backed in the lead up to the 2024 South African national election. Mr Mashaba, known for taking a tough line on immigration and endorsing hard labour for prisoners, is hoping the gambling tycoon will continue his support.

“I wish he won’t give up on us and help us democratically remove the [incumbent African National Congress] and bring about a peaceful transition... please help ActionSA,” Mr Mashaba said in an interview with The Australian Financial Review.

“I have been lucky to have known Martin long before I went into politics,” he added. “I approached him and he was willing to back me up because he knows me as a capitalist... Martin was one of the first to come to the party.”

President Cyril Ramaphosa’s social democratic African National Congress party is set to come under pressure next year amid South Africa’s dire economic troubles. A senior party official has warned the country could become a failed state.

Mr Moshal is the largest individual political donor in South Africa in the last two years. He has given 46.5 million rand ($3.8 million), according to electoral records analysed by My Vote Counts, a non-profit advocating for more transparency in politics.

“Given the amounts donated it has become clear to us he now has a large stake in our politics,” said Robyn Pasensie, a researcher at the organisation.

The size of Mr Moshal’s wealth is unknown. He is extremely private and only admitted to his ownership of online gambling giant Betway after UK journalists traced his ownership back to offshore trusts. Mr Moshal did not respond to a request for comment.

Aside from ActionSA, Mr Moshal has donated to the Democratic Alliance (DA), Build One South Africa and said he also intends to support the Inkatha Freedom Party. Mr Moshal is ActionSA’s biggest backer. The Australian Financial Review is not suggesting Mr Moshal supports the party’s policies.

“I’m not saying these parties are all perfect, but we shouldn’t let perfect be the enemy of good... They are all far better than the government we have today,” Mr Moshal told The Jewish Report earlier this year.

“Pirkei Avot was my late dad – John Moshal’s – favourite part of the Talmud within which Rabbi Tarfon is quoted as saying, ‘It’s not up to you to finish the task, but you aren’t free to avoid it’.”

Mr Moshal said he believed South Africa needed a new government and was on its way to becoming a failed state.

“[This is a] government that’s corrupt, cannot provide basic security and opportunity to its citizens... we need the change of government and leadership that these parties can provide.”

ActionSA is known for advocating for life sentences and hard labour for serious offenders and also wants to repeal the ANC’s Broad-based Black Economic Empowerment (B-BBEE) policy, a form of affirmative action introduced post-apartheid.

“Martin knows my views on racial policies and how dangerous they are,” said Mr Mashaba, who started off in business and was the founder of African hair care brand, Black Like Me.

ActionSA has also been vocal on immigration, views labelled as “xenophobic” by some critics and politicians.

“We recognise that South Africa was built... on the back of migrants,” said Mr Mashaba. “But they must come here legally... you break our laws, we will send you back to your country, the country where you came from.”

One of South Africa’s main economic problems is mismanagement and corruption inside the country’s electricity utility Eskom. The utility has been forced to implement rolling blackouts, which have further stymied economic growth.

“If Eskom cannot run on a commercial basis then it must die a natural death,” Mr Mashaba said, adding changes were needed to give other companies the opportunity to compete.

Mr Moshal’s Entrée Capital is one of Israel’s most active funds in the Israeli VC space. He is the beneficiary of a trust which is the largest individual shareholder in Super Group, which became the parent of Betway and online casino brand Spin after a 2022 listing. The group reported net gaming revenue of €1.3 billion ($2.1 billion) in 2022.

“Moshal is one of the least visible betting entrepreneurs in the world,” Guardian reporter Rob Davis wrote in his book Jackpot: How Gambling Conquered Britain.

“Moshal made much of his fortune from his home in Durban where he patented a series of technological solutions for the online gambling world and developed them via his company Microgaming. The company has since become one of the industry’s leading software players”

A philanthropist, he sits on the capital management advisory committee of Sydney’s Moriah College, alongside Steven Lowy and former Babcock & Brown chief executive Phil Green. He is also a life trustee of the Moriah Foundation and previously donated to Israel’s SpaceIL project attempting to land spacecraft on the moon.

SkyCity puts aside $45m for potential AUSTRAC penalty - August 2023

SkyCity Entertainment set aside $45 million for a penalty if it is convicted of breaches of anti-money laundering and counterterrorism laws.

The financial crimes watchdog, AUSTRAC, lodged proceedings against SkyCity in December over alleged serious and systemic non-compliance with the laws at its Adelaide casino.

SkyCity said on Monday it was difficult to determine the size and timing of the penalty, given the proceedings are in the early stages. But it decided to lodge a $45 million provision on the basis that each breach attracts a maximum civil penalty of between $18 million and $22.2 million.

“Estimating the potential exposure to penalties with any degree of accuracy at this stage of that ongoing process remains challenging, particularly given the outcome is highly dependent on a range of factors which are not yet known,” a statement said.

AUSTRAC has alleged “serious noncompliance” with anti-money laundering laws against SkyCity, claiming the company allowed 59 suspicious patrons to churn more than $4 billion in dirty cash through its Adelaide casino. The independent review is on hold because of the Federal Court action.

The company cut full-year earnings expectations at an investor day in May, with a slowdown in revenue from the international business and rising legal and compliance costs related to a crackdown on money laundering weighing on its bottom line. Analysts have provisioned about $50 million for the AUSTRAC fine, but there is no guarantee that will be enough.

In late May, SkyCity announced it would hire an independent expert to review its anti-money laundering and counter-terrorism programs. It is still waiting for South Australia’s investigation into whether it should hold a casino licence to recommence.

“Judgements in civil penalty proceedings bought by AUSTRAC to date demonstrate that the Court’s determination of the appropriate penalty ... is very specific to the fact in each case and that the Court will have regard to a broad range of factors,” SkyCity said.

SkyCity’s provision announcement coincided with a $45.6 million write-down of the Adelaide casino licence, which was attributed to the value and timing of future discounted cash flows.

The company said the impairment and provision were non-cash and would not affect earnings for fiscal year 2023. Earnings before interest, tax, depreciation and amortisation remain in line with guidance of $NZ300 million ($276.6 million) to $NZ310 million.

SkyCity’s provision comes a month after the federal court agreed on rival casino operator Crown’s $450 million fine for breaches of anti-money laundering and counter-terrorism laws. The fine is being paid over a two-year period without interest.

Shares closed on Friday at $2.09.

Hotel room rates plummet for F1 Las Vegas Grand Prix weekend - September 2023

Hotel room rates for Las Vegas Grand Prix weekend have fallen by nearly 60 percent in some cases since they were first posted last fall. But an industry expert says that does not necessarily mean interest in the event is failing to meet expectation.

When select Las Vegas resorts in November 2022 opened their booking schedules for race weekend, listed prices were as high as they have been seen in the city’s history. While still at higher than normal rates, a major decrease has occurred.

When a drop in booking pace occurs, it automatically triggers revenue management systems to suggest the lowering of room rates, according to Dr. Mehmet Erdem, professor of hotel operations and technology at UNLV’s William F. Harrah College of Hospitality.

Pennsylvania online casinos cross $5 billion in lifetime revenue - September 2023

Business is booming in Pennsylvania. The Keystone State is the clear market leader when it comes to online casino revenue within the US. After August’s total of $171.9 million, Pennsylvania surpassed the $5 billion threshold for lifetime revenue.

Pennsylvania online casinos are constantly upgrading and adding new content, and customers are responding. It doesn’t appear the market will be slowing down anytime soon, either.

Pennsylvania has set the US online casino revenue record four times over the last 11 months, and almost did so again. August’s revenue total of $171.9 million came second to March’s figure of $181.5 million. It was the second-best month of all time for any state with legal online casinos.

Atlantic City: Five-year turnaround of Ocean Casino Resort among city’s greatest successes - September 2023

In the winter of 2019, if any New Jersey sportsbook had tried to offer odds on the Atlantic City casino hotel then known as Ocean Resort Casino making it through another summer, no gambler in their right mind would have taken the bet.

Fast forward to the end of summer 2023, and the property now called Ocean Casino Resort is one of the city’s best performers. In fact, an argument can be made that Ocean’s rise to the upper echelon of the Atlantic City casino market is the most remarkable turnaround of any gambling parlor in history.

From its failed origins as Revel Casino Hotel to its seemingly doomed trajectory in February 2019, the $2.4 billion casino at the north end of the AC Boardwalk felt almost cursed (if you believe in that kind of stuff). But, apparently, the gambling gods decided Ocean was deserving of a better fate.

Once shunned by casino operators, responsible gaming campaign turns 25

At a time when problem gambling matters were rarely mentioned in gaming company boardrooms, Harrah’s Entertainment decided the issue needed to be raised on casino floors.

But it wasn’t just rival corporate executives that looked askance at the idea of employees learning how to spot signs that a customer might have a gambling problem.

“Our own lawyers tried to block it,” recalled Jan Jones Blackhurst, who was then a Harrah’s senior vice president. With the support of company CEO Phil Satre, she led Harrah’s launch of the casino industry’s first responsible gaming initiative in the mid-1990s.

“We had employees that wanted to be educated on the subject. They wanted to be able to help,” said Jones Blackhurst, who completed two terms as Las Vegas mayor before joining Harrah’s. “Maybe because I came out of politics. You have a responsibility to your communities, your customers and your employees. We believed it was the right thing to do.”

Sportsbooks ratchet up targeted advertising at start of NFL season

Shortly after the NFL forged authorized gaming partnerships with a host of leading sportsbooks in the 2021 offseason, operators began flooding the airwaves with a series of humorous spots that featured celebrities hawking their products.

Caesars Sportsbook spent lavishly on an ad package starring the Manning Brothers and actor J.B. Smoove as the eponymous emperor. During Super Bowl LVII last February, Kevin Hart expressed his displeasure for “taking the under” in a DraftKings spot while standing mere feet from WWE wrestler The Undertaker. Another commercial from FanDuel featured a live field goal attempt by former New England Patriots tight end Rob Gronkowski, one that drifted wide left of the upright at the last second.

Former lieutenant governor calls for Nevada Gaming Commission cyber briefing after MGM and Caesars hacks - September 2023

In light of cyberattacks on MGM Resorts International and Caesars Entertainment, former Nevada Lt. Gov. Brian Krolicki, now a Nevada Gaming Commission member, called for a briefing on the hacking incident to shed more light on what happened and how it can be prevented in the future.

The suggestion comes the same day the Massachusetts Gaming Commission met in executive session “to consider information related to an MGM cybersecurity issue.” It held a similar closed meeting on Monday.

After it returned to the public session on Thursday, the Commission entered into an executive session regarding security at MGM Springfield, according to the Commission agenda.

Krolicki made his comments at the end of Thursday’s five-hour meeting of the Nevada Gaming Commission. Since it was made during the public comment session, the commission could not take up the matter, but it’s likely the issue will return to the Commission and the Nevada Gaming Control Board at some point.

In the latest cyberattack that started being felt Sept. 10 and went into this week, hackers knocked slot machines out of commission and created havoc with ATMs and computer systems. MGM, which is reported by a Wall Street analyst to have lost between $4.2 million and $8.4 million a day with the hack, said its systems were operating normally across their properties nationwide as of Wednesday. Caesars reported it was hacked in late August and had customer information stolen but paid a $15 million ransom that avoided any shutdowns.

In December, the Commission approved cybersecurity regulations for the state’s gaming industry to protect operators’ information systems from attacks that could shutter casinos and compromise customer data. The rules went into effect Jan. 1. That approval came right after BetMGM reported that its customers’ personal information – including Social Security numbers – was obtained in an unauthorized manner and included information on their transactions.

In the regulations, casinos were required to do a risk assessment of their systems by the end of 2023 and take any necessary steps on an ongoing basis to ward off an attack. If any breach was successful that compromised player data, credit card information and other records, including that of employees, properties would be required to report it to gaming regulators within 72 hours.

“It would be important and enlightening given the recent events of the past week regarding cyber security and ransomware in particular at MGM and our friends at Caesars and look at how it impacts our world and regulatory responsibilities,” Krolicki said, later adding, “I think at some point in time when there’s the energy and understanding of what just happened if we could get some kind of briefing of what transpired that’s appropriate for public record and perhaps policies going forward of how do we avoid these things and if they do happen whether the reporting schemes on whether it was immediately reported to the Gaming Control Board. There are a lot of questions and a lot of publicity. It’s a global story, and I just think it would behoove all of us to get a good handle on what just happened.”

The Nevada Gaming Control Board released a statement on Sept. 13 saying Gov. Joe Lombardo and the board “are monitoring the cybersecurity incident with MGM Resorts and are in communication with company executives. Additionally, the Nevada Gaming Control Board remains in communication with other law enforcement agencies.”

Casino consultant Brendan Bussmann, managing partner of B Global, which tracks gaming boards and commissions, said the Massachusetts hearing won’t be the last and expects states across the country to hold similar sessions wanting to hear from MGM executives.

“Nevada is the second regulator that I know has raised their hand on this after Massachusetts,” Bussmann said. “It should be about what happened and how it happened, which should be considered confidential information. This is going to be a question that every regulator for both commercial gaming and tribal gaming is going to be concerned about. Since we’re still trying to figure out what happened, then we can see what tools we need as an industry to beef up our efforts on cyber-related events.”

While everyone is focused today on MGM and Caesars, this is not the first cyber attack, Bussmann said.

“This can go back to the Las Vegas Sands attacks in 2014 from the Iranians and any other data breaches that happened between then and now,” Bussmann said. “I would expect every state at a minimum has MGM and Caesars in it to at least say what happened and what can we do regulatory to help this and what can we do with testing and what can we do IT and host of things.”

Bussmann said the regulators can’t be reactionary but instead should get evidence on how it happened and use the best resources outside of the casino industry, such as security firms, to do it right.

“There’s no one better suited to regulate Nevada on this issue than the Gaming Control Board in working with law enforcement partners across the country,” Bussmann said.

2023

Casino, Gaming, Sports Betting and Pop Culture News

DraftKings lays off roughly 140 employees in corporate restructure

DraftKings is eliminating about 140 jobs, part of what the sports betting company is calling a reorganization. A majority of the eliminated positions are based in Europe, Asia and the Middle East, and primarily span both engineering and HR roles related to hiring, according to someone with direct knowledge of the moves. The 140 positions amount to a low single-digit percentage of the company’s workforce. DraftKings stock jumped nearly 10% on the day to close at $16.48.

Penn Entertainment reports small year-over-year revenue increase in Q4 despite Mattress Mack payout

Despite a huge winning bet by Jim “Mattress Mack” McIngvale and inclement weather in December, Penn Entertainment’s 2022 fourth-quarter results were consistent, according to CEO Jay Snowden during Thursday’s investors’ call. McIngvale’s bet on the Houston Astros to win the World Series via Penn’s Barstool Sportsbook cost Penn $10 million. And Snowden claimed that “severe weather in certain parts of the country”...put a drag on revenue.

Las Vegas sports news

If the Oakland Athletics relocate to Las Vegas, north Strip and downtown resort operators would strongly support the team building a $1 billion ballpark in their area. Resorts World Las Vegas President Scott Sibella confirmed that he and hotel owners from the north Strip and downtown Las Vegas met with A’s brass Wednesday. They discussed the potential of a 35,000-seat domed stadium on the Las Vegas Festival Grounds site, located on the southwest corner of Las Vegas Boulevard and Sahara Avenue.

Las Vegas Strip breaks monthly revenue record

Led by a record surge on the Las Vegas Strip, Nevada closed 2022 with its 22nd consecutive months of $1 billion and higher in gaming revenue and added to its record gaming revenue for the year, which was set in November. For calendar-year 2022, Nevada reported $14.8 billion in gaming revenue, topping the $13.4 billion in 2021, a 10.5% increase. The Nevada Gaming Control Board reported Tuesday that casinos collected $1.31 billion in revenue in December, a 14.3% jump over December 2021.

Sharp bettors weigh in quickly on Super Bowl; two 6-figure wagers

Patrick Mahomes needed all of his magic to help send the Chiefs to their third Super Bowl in four years. But sharp bettors don’t believe in magic. They’re banking on the Philadelphia Eagles to beat Kansas City in Super Bowl LVII for the franchise’s second NFL title in six years. Less than 30 minutes after the Super Bowl line opened at pick’em at multiple sportsbooks, the Eagles emerged as consensus 1½-point favorites.

Governor names ex-judge George Assad to seat on Nevada Gaming Control Board

Former Las Vegas judge George Assad, who was sanctioned by judicial overseers for a punishment he meted out and lost his re-election bid after his son robbed the Bellagio in a high-profile heist more than a decade ago, was named to the Gaming Control Board on Monday by Gov. Joe Lombardo. Assad, 71, who was a Las Vegas Municipal Court judge from 2002 until 2011, will have a four-year term as a member of the board that directs the statewide agency charged with regulating and enforcing laws.

Tribes need to do a better job of coordination

Tribal organizations with departments ranging from casino gaming to health care need to do a better job of understanding everyone’s needs, thinking strategically, and working toward common goals that benefit tribes for the long term. That was the prevailing sentiment that emerged from the panel discussion, “The Top Five Things Tribal Councils Should Expect and Evaluate from Their Executive Leaders,” held at the Raving Next gaming conference in Albuquerque.

Some overdue recognition

I’ve always been a fan of awards in the gambling industry. In my mind, any recognition beyond a paycheck and a pat on the back has value. Our industry has never lacked awards. The biggest enchilada is certainly induction into the American Gaming Association’s Hall of Fame. Like all Halls of Fame, only the most successful movers and shakers get inducted into the AGA’s Hall, no posers or wannabes. Many gaming-media companies issue awards, including regional gambling publications and newspapers that serve casino cities, although most newspapers are just trying to sell advertising to the honored casinos and companies.

Industry poised for “biggest-ever” ICE London

Clarion Gaming has confirmed next week’s ICE London 2023 will be the biggest on record, occupying 41 halls of its London ExCeL home. Having returned from the pandemic last April with a scaled-back offering, this year’s ICE will occupy 51,466 square metres of the London-docklands exhibition centre, exceeding the previous high of 49,690 m2 in 2020. Sister show iGB Affiliate London will occupy ExCel’s remaining three halls, with a week’s worth of satellite events throughout London.

Las Vegas tourism helps fuel strong Boyd Gaming earnings

Aided by a boost in the Las Vegas economy and tourism, Boyd Gaming set a record for revenue and adjusted earnings during the fourth quarter and 2022 as a whole, setting the stage for strong earning reports to come in February from Strip and other operators. For all of 2022, Boyd Gaming reported revenue of $3.56 billion, compared to $3.37 billion for 2021. Net income was $639.4 million, or $5.87 per share, compared to net income of $463.8 million, or $4.07 per share, for 2021.

Aristocrat finalizes acquisition of Roxor Gaming

Aristocrat Leisure Limited Friday announced it has completed the acquisition of igaming supplier Roxor Gaming Limited. The deal was first announced in September 2022. Roxor will form part of Aristocrat’s igaming business Anaxi, which was rebranded in October 2022. Aristocrat initially announced the creation of a dedicated igaming business in February 2022 to pair with Aristocrat Gaming and the Pixel United mobile-first publishing business. “We’re thrilled to welcome Roxor to Anaxi and the broader Aristocrat group,” said Anaxi CEO Mitchell Brown in a statement.

Texas: Casinos in Dallas-Fort Worth? Lawmakers will consider expanded gambling

A North Texas representative has filed legislation to expand casino gambling in Texas and legalize sports betting. Fort Worth Republican Rep. Charlie Geren filed the proposal on Friday. The legislation is supported The Destination Resort Alliance, which is backed by casino and resort company Las Vegas Sands. It remains to be seen whether the bill passes in a state that in the past has been reluctant to expand gaming, but Gov. Greg Abbott and House Speaker Dade Phelan have left the door open for expanded casino gambling as the legislative session that started in January begins to ramp up.

Las Vegas tourism helps fuel strong Boyd Gaming earnings

National (results) - Aided by a boost in the Las Vegas economy and tourism, Boyd Gaming set a record for revenue and adjusted earnings during the fourth quarter and 2022 as a whole, setting the stage for strong earning reports to come in February from Strip and other operators. For all of 2022, Boyd Gaming reported revenue of $3.56 billion, compared to $3.37 billion for 2021. Net income was $639.4 million, or $5.87 per share, compared to net income of $463.8 million, or $4.07 per share, for 2021. Total adjusted EBITDAR for 2022 was $1.39 billion versus $1.37 billion for 2021. Full-year 2022 adjusted earnings were $662.0 million, or $6.07 per share, compared to adjusted earnings of $584.2 million, or $5.12 per share, for 2021.

Penn reports small year-over-year revenue increase in Q4

National (results) - Despite a huge winning bet by Jim “Mattress Mack” McIngvale and inclement weather in December, Penn Entertainment’s 2022 fourth-quarter results were consistent…Penn’s revenue for the fourth quarter reached $1.6 billion, a year-over-year increase of 0.8%. But net income for the quarter, $20.8 million, decreased by more than 50% compared to the $44.8 million generated in the fourth quarter of 2021.

The World Series of Poker announces its full 2023 schedule

Nevada (Las Vegas) - The World Series of Poker has announced its full summer schedule with an eye on having the largest Main Event field in history and, if it happens, awarding the poker promotion of a lifetime. The 54th version of the world’s largest poker tournament runs May 30-July 18 at the recently rebranded Horseshoe Las Vegas with 95 bracelet events. The No-Limit Hold ’em World Championship, known as “The Main Event,” will take place from July 3 to 17 and if it sets a record for entries, one entrant will be drawn at random to win a Main Event for Life package, buying him or her into the next 30 Main Events.

Video gambling up statewide, mostly flat in area in 2022

Illinois (slots/results) - Video-gambling terminals in Illinois continued to rake in the dough in 2022, though in our area, revenues were flat or fell slightly…the amount of money put in minus the amount paid out — amounted to $2.71 billion in 2022, a 9.5 percent increase over 2021's $2.47 billion. At the same time, the number of terminals grew by about 7.6 percent, from 41,826 at the end of 2021 to a hair over 45,000 a year later.

Officials moving forward with plans for Diamond Jacks Casino

Louisiana (Bossier City) On Feb. 1, Mayor Tommy Chandler of Bossier City met with the Foundation Gaming Group to discuss the construction activity which will soon be happening at the former Diamond Jacks Casino property…Chandler and members of his staff met with the group and the project's general contractor AnderCorp to discuss the initial details of the future transformation on this casino and hotel.

Horseshoe Casino Baltimore workers rally

Maryland (Baltimore) - Unionized workers at Horseshoe Casino Baltimore are demanding raises in line with others in the gaming and hospitality industry in the city and elsewhere, saying casino revenues have rebounded since the pandemic while compensation has stalled. About 20 workers and union representatives demonstrated Wednesday in front of the casino on Russell Street near downtown, calling for raises, holiday pay and other changes. Workers said bargaining has stalled with owner Caesars Entertainment on a contract that expired in October.

The High Rollers

News

The Psychology of High Rollers: What Motivates Big-Time Gamblers?

We've all heard about them, but have you ever wondered who high-rollers really are? To get an answer to this intriguing question, we must first define this category. So, high-rollers are individuals who enjoy gambling and are willing to wager large sums of money on their favorite casino games.

Generally, they are wealthy individuals (business people, celebrities, royalty, etc.) who can afford to spend large amounts on entertainment. Of course, they can also afford to lose thousands of dollars without worrying about the consequences.

You can easily recognize them because they are usually attracted to the adrenaline rush and excitement. Sometimes they tried other adrenaline-rush activities before deciding to get involved in high-stakes gambling. You'll find them in both land-based and online casinos like Spinfever, and many of these establishments offer specially-designed perks and incentives to attract and retain this category of players.

The Role of Money: Why Do High Rollers Keep Betting Big?

Some might say it's all about the money regarding high rollers, but that's not the case. Still, it's a crucial motivator for this category of casino players when it comes to placing big stakes in brick-and-mortar or online casino sites. The potential for high payouts is a significant draw for high-rollers looking to turn their bets into big wins.

In most cases, these individuals are wealthy and have much disposable income, making it easier to take risks and place large bets. We've all heard the basic rule of gambling - don't gamble the money you can't afford to lose. These people keep getting big because they won't notice the losses even if they enter a losing streak.

Of course, we shouldn't ignore the fact that there's an opportunity for these people to win significant amounts of money. Yes, they are already wealthy, but they can always become wealthier. So, the potential rewards seem attractive to high rollers because they can get more power and influence, improve their status and prestige, and support their lifestyle thanks to the big prizes.

Beyond Money: The Other Factors that Motivate High Rollers

The chance to win substantial amounts of money can be an excellent motivator for many people. Still, it's not just the financial gains that make high rollers keep betting big. We created a list of other things contributing to this behavior and lifestyle.

The Thrill

For high-rollers, the thrill of winning and the chance of earning even more money can be compelling. The larger the bet, the greater the potential payout, and the more exciting the game becomes. This approach to this form of entertainment keeps players on the edge of their seats, which is why it's often a major factor in motivating high-rollers to place large stakes at casinos.

The Feeling of Exclusivity and the VIP Treatment

Another thing that makes high-rollers consider wagering a lot of money is the exclusivity and VIP treatment accompanying these players. Whether they prefer online casinos or their physical counterparts, it doesn't matter because the best options usually provide special perks and deals to make high-rollers join these casinos and keep coming back.

For instance, some can enter private gaming rooms or access luxurious accommodations and personalized services. Many online casinos with VIP programs provide special gifts and access to exclusive tournaments to high-rollers. Some of them have bonuses and promos designed for these users. In any case, these exclusive perks can make high-rollers feel valued and appreciated and motivate them to continue betting big at casinos.

The Challenge

Besides the potential for high payouts and unique incentives, high-rollers find this form of gambling attractive due to the challenge of playing high-stakes casino games. Games like poker, blackjack, and baccarat require a high degree of strategy and skills and offer the potential for high rewards for those who are successful. Those who enjoy a good challenge will find these high-stake games particularly appealing.

Final Thoughts

All in all, money is a significant motivator for high-rollers when it comes to using big stakes in casinos, but this is not the only thing that makes them visit these places. The exclusivity and VIP treatment, the challenge of playing high-stakes games requiring skills, knowledge, and strategy, and the thrill also motivate these players to take risks and bet big.