#Brendan Bussmann

The Columbian

Four years ago, Las Vegas’ casinos shut down for 78 days. The fallout was brutal

Four years ago few believed that Las Vegas' casinos would be forced to close to minimize the impact of the COVID-19 virus that was rampaging worldwide. But they did. And the fallout was brutal. About a month after casinos in Macao were closed for 15 days to slow COVID's spread, then-Gov. Steve Sisolak on March 17, 2020 ordered all casinos as well…
Land-based
Four years ago, Las Vegas’ casinos shut down for 78 days. The fallout was brutal
Wild Casino
themessenger.com

Las Vegas Hotel Room Prices Skyrocket as Sin City Hosts Super Bowl for First Time

Snagging a hotel room in Las Vegas ahead of Super Bowl 58 could cost as much as $2500 per night, according to a new study of rates in Sin City. The Las Vegas Review-Journal surveyed hotel room rates from 138 hotels in Las Vegas during the two days leading up to the NFL championship game scheduled for Feb. 11, a Sunday. A hotel room - before taxes…
Land-based
Las Vegas Hotel Room Prices Skyrocket as Sin City Hosts Super Bowl for First Time
gameishard.gg

Record-Breaking Year in Las Vegas Sets Stage for New Heights in 2024

Las Vegas experienced unprecedented success in 2023, marking the city's most profitable year to date. As the year drew to a close, industry experts and analysts predicted that the momentum would carry over into 2024, setting the stage for even greater achievements. Both gaming and non-gaming sectors contributed to the city's remarkable growth. New…
Industry
Record-Breaking Year in Las Vegas Sets Stage for New Heights in 2024
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Review Journal

Las Vegas may have had it’s best year ever in 2023

It's hard to argue against the position that Las Vegas had its most successful year in its history in 2023. And what do you do after one successful run? Come back for more. That's what local gaming and tourism analysts figure will happen in 2024 after wrapping up a year filled with record gaming revenue and union contract signings, airport…
Travel
Las Vegas may have had it’s best year ever in 2023
iGaming Business

Fontainebleau Las Vegas opening points to growth in luxury visitors

The opening of the $3.8 billion Fontainebleau Las Vegas casino resort this week feeds the narrative that the Strip is becoming more of a destination for wealthier visitors. While previously known as a marketplace once relished by tourists for its inexpensive rooms and cheap buffets, that's now changing. November's inaugural Formula One race on the…
Travel
Fontainebleau Las Vegas opening points to growth in luxury visitors
The Nevada Independent

Durango casino heralds a new Red Rock Resorts growth spurt

The company has six potential casino parcels totaling 500 acres throughout the valley. Tuesday morning's opening of the $780 million Durango Casino Resort comes 15 years after the company opened its last development. Red Rock Resorts President Scott Kreeger said a dry spell like that won't be repeated. The company already has a few locations in…
Travel
Durango casino heralds a new Red Rock Resorts growth spurt
The Nevada Independent

Indy Gaming: Judge says New York county erred in leasing site for Sands’ proposed $5B resort

An analyst said the decision is the least of the problems troubling the state's slow process to approve New York City-area casinos. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you,…
Travel
Indy Gaming: Judge says New York county erred in leasing site for Sands’ proposed $5B resort
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Analyst Says New York Casino Plans Won't Be Known Until 2025

Gambling industry analyst Brendan Bussmann of B Global disagrees with the common assessment that the process of awarding three downstate casino licenses in New York is going slowly. "It's not fair to [the word]'slow,'" Bussmann quipped. "This process has been the opposite of quick and painless." In fact, Bussmann believes we've still got a whole…
Roulette
Analyst Says New York Casino Plans Won't Be Known Until 2025
West Island

New York Casino Licenses Delayed til 2025 Amid Tumultuous Politics and Controversy

Further delays are anticipated in the awarding of three downstate casino licenses in New York, according to well-established predictions, pushing the already sluggish process well into the year 2025. This delay underscores New York's notorious reputation as the epicentre of tumultuous casino politics. Brendan Bussmann, of B Global Advisors,…
Politics
Review Journal

Casino hacking was on the minds of Nevada regulators in 2022

It was almost as if Nevada regulators anticipated cyber trouble back in December when they approved revisions to Regulation 5 that call for plans to address cyberattacks on casino companies. Nevada licensees have until Dec. 31 to deliver risk assessments of their business operations and develop cybersecurity best practices. But in late August,…
Law
Casino hacking was on the minds of Nevada regulators in 2022
Review Journal

Dubai to pass Las Vegas hotel room inventory

While Dubai is on track to surpass the number of hotel rooms in Las Vegas, a Southern Nevada gaming and hospitality industry analyst who knows the United Arab Emirates landscape well says it shouldn't become a major competitor as long as Las Vegas continues to invest in its infrastructure. "As long as Las Vegas stays on its game, nothing will be…
Land-based
Dubai to pass Las Vegas hotel room inventory
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Review Journal

Nevada casino revenue hits record levels in July 2023

When temperatures were hot, the state's casinos were hotter. Southern Nevada endured a record heat wave in July, and gamblers enriched the state's casinos more than in any month in history, breaking monthly gaming win records statewide and on the Strip, the Nevada Gaming Control Board reported Wednesday. The state's 439 licensed casinos won $1.4…
Finance
World Casino News

Nevada’s Casino Revenue Reaches $1.4 Billion In July

The Nevada Gaming Control Board, Nevada's regulatory body, revealed that Southern Nevada's players hit casinos so often in July, the most ever in state history, breaking "monthly gaming win records" across the state as well as on the Strip. These, in addition to other state-licensed casinos, which totaled 439, made a profit of $1.4 billion during…
Finance
Nevada’s Casino Revenue Reaches $1.4 Billion In July
Review Journal

Oakland A’s Las Vegas ballpark update: Bally’s on hold

While many in Las Vegas are thrilled with the prospect of Major League Baseball arriving here by opening day of the 2028 season - even MGM Resorts International is talking about making the MGM Grand more welcoming to baseball fans - it seems one of the key entities in the process is in a holding pattern of its own making. Bally's Corp., based in…
Sports
US Bets

Breaking Into The Online Casino Market, One Card At A Time

Pete Mastroianni is taking on Ragu in the pasta sauce wars and trying to get Taylor Swift to record one of his songs. At least that's what it feels like for the New York lawyer and co-inventor of a would-be iCasino game called Match 52. "The challenge is to get it onto a platform, and that's hard to do," Mastroianni said. "How do you get Light &…
Industry
Breaking Into The Online Casino Market, One Card At A Time
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Review Journal

Nevada gaming win over $1 billion again in Februray 2023

Nevada's casino gaming win increased by double-digit percentages again in February, marking two years in which state gaming operations collected more than $1 billion a month, the Nevada Gaming Control Board reported Tuesday. Clark County casinos alone surpassed $1 billion for the 10th straight month, building a streak of its own. The Control Board…
Finance
Nevada gaming win over $1 billion again in Februray 2023
The Nevada Independent

Effort to create Nevada lottery picks up steam despite casino industry opposition

A legislative proposal allowing Nevada to operate a state lottery could slice into the revenue stream of Northern Nevada casino operator Truckee Gaming. But it wouldn't be a large chunk of the company's cash flow, said CEO Ferenc Szony. Truckee Gaming is a retailer licensed by the California Lottery to sell tickets from a store adjacent to the Gold…
Law
Effort to create Nevada lottery picks up steam despite casino industry opposition
Review Journal

Las Vegas tourists getting younger as industry looks to adapt

There's no question that the average visitor to Las Vegas has changed over the years. Even without the Las Vegas Convention and Visitors Authority's recently released 2022 Las Vegas Visitor Profile Study, it's clear the typical tourist is skewing younger and is more ethnically diverse. The entertainment options in the city include more performers…
Travel
Las Vegas tourists getting younger as industry looks to adapt
KOLO

Rep. Titus seeks threshold hike for slot winnings tax

LAS VEGAS (AP) - A Nevada lawmaker is planning another attempt to raise the reporting threshold for slot machine winnings. Rep. Dina Titus told the Las Vegas Review-Journal that the landscape has changed dramatically since 1977 when Nevada was the only state offering legal casino gambling. Since then, whenever a slot player wins a jackpot of more…
Law
Rep. Titus seeks threshold hike for slot winnings tax
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AP News

Nevada lawmaker seeking tax hike for slot machine winnings

LAS VEGAS (AP) - A Nevada lawmaker is planning another attempt to raise the reporting threshold for slot machine winnings. Rep. Dina Titus to the Las Vegas Review-Journal that the landscape has changed dramatically since 1977 when Nevada was the only state offering legal casino gambling. Since then, whenever a slot player wins a jackpot of more…
Law
Review Journal

Dina Titus optimistic slot machine jackpot tax threshold bill will succeed

Rep. Dina Titus, D-Nev., plans to take another swing at an archaic tax formula involving slot machine winnings by raising the reporting threshold. Whenever a slot player wins a jackpot of more than $1200, the operator - a casino, tavern, restaurant or convenience store, or even airport personnel - are required to prepare a W-2G form that reports…
Law
Review Journal

Nevada lawmaker optimistic slot machine tax threshold bill will succeed

Rep. Dina Titus, D-Nev., plans to take another swing at an archaic tax formula involving slot machine winnings by raising the reporting threshold. Whenever a slot player wins a jackpot of more than $1200, the operator - a casino, tavern, restaurant or convenience store, or even airport personnel - are required to prepare a W-2G form that reports…
Law
Nevada lawmaker optimistic slot machine tax threshold bill will succeed
Review Journal

Strip comes in No. 1 for commerical casino business in 2022

The nation's commercial casinos hit record revenue in 2022 with the Strip, once again, keeping its place in the top spot, according to the American Gaming Association. The casino industry trade group reported Wednesday that gross gaming revenue reached $60.4 billion, up 13.9 percent year over year - beating the previous record of $53 billion in…
Industry
iGaming Business

More bullishness for Las Vegas in 2023 after records set in 2022

The optimism started with a strong finish to 2022 that had Nevada breaking its 2021 gaming revenue record by the time November ended. By the end of December, Nevada had recorded 22 consecutive months in which gaming revenue exceeded $1bn. The 2022 figure of $14.8bn was 10.5% higher than in 2021. But what topped it off was how the Strip, in one of…
Travel
More bullishness for Las Vegas in 2023 after records set in 2022
The Nevada Independent

Primm casinos reopen as ownership plots course to recapture the market

Guests looking to view the bullet-riddled Bonnie and Clyde death car inside Whiskey's Pete's Hotel Casino were confused. The historic V-8 Ford, in which notorious criminals Bonnie Parker and Clyde Barrow perished in a shootout with law enforcement in 1934, was missing from where it had been displayed since the late 1980s in the Primm casino. It…
Land-based
Primm casinos reopen as ownership plots course to recapture the market
Forbes

U.S. Set Gambling Record In 2022 With More Than $54.9 Billion In Revenue

A mericans gambled away a record-breaking amount of money in 2022. The nation's casinos and mobile gaming apps rang up a record $54.93 billion in revenue during the first 11 months of 2022. With one month still being tallied, 2022 has already smashed the $53.04 billion record by 13.5%, according to data collected from state regulators by…
Finance
U.S. Set Gambling Record In 2022 With More Than $54.9 Billion In Revenue
Review Journal

Smoking ban no threat to casino revenue, report says

Two Southern Nevada gaming and tourism industry experts envision a time when Las Vegas casinos will ban smoking, but they say it won't happen overnight. And the gaming industry won't lead the effort, even after a Las Vegas company has issued a report suggesting that ending smoking in casinos will not result in significant financial harm to the…
Industry
Smoking ban no threat to casino revenue, report says
iGaming Business

Tilman Fertitta takes Las Vegas

In a city long known for bigger-than-life figures such as mobster Bugsy Siegel, reclusive tycoon Howard Hughes and casino mogul Steve Wynn, Tilman Fertitta is the newest big player on the Las Vegas Strip. The billionaire Texas businessman and owner of Fertitta Entertainment, which owns more than 600 restaurants, hotels, casinos and other…
Industry
Tilman Fertitta takes Las Vegas
The Street

Las Vegas Strip Casinos Get a Big Win (Gamblers Beware)

The owners of the brand new Resorts World Las Vegas, the Genting Group, likely had mixed feelings about their $4.3 billion investment opening during the middle of a global pandemic. Resorts World, which sits on the North Strip, well away from Caesars Entertainment (CZR) - Get Free Report and MGM Resorts International (MGM) - Get Free…
Winnings
Review Journal

Record revenue reported by nation’s commercial casinos

Commercial gaming in the United States hit a quarterly record for April, May and June, putting the U.S. on track for its best year in history, the American Gaming Association reported Thursday. Nationwide commercial gaming revenue totaled $14.81 billion for the second quarter, beating the fourth quarter of 2021 by 3.3 percent. With $29.16 billion…
Finance
The Nevada Independent

Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Caesars Entertainment's entrance into an…
Covid
Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea
Review Journal

Which casino games win the most money for the house?

When the Nevada Gaming Control Board announced Thursday that the state's more than 400 largest casinos won more from players in 2021 than in any year in history, it also disclosed which table games and which slot machine denominations won the most for the house. It's no surprise that blackjack continues to be the most popular table game in the…
Games
Which casino games win the most money for the house?
Review Journal

Nevada gaming wins big in March, US casinos see best month ever

ATLANTIC CITY - Inflation may be soaring, supply chains remain snarled and the coronavirus just won't go away, but America's casinos are humming right along, recording the best month in their history in March. The American Gaming Association, the gambling industry's national trade group, said Wednesday that U.S. commercial casinos won more than…
Valentine's Day
Nevada gaming wins big in March, US casinos see best month ever
Review Journal

Station Casinos to demolish hotels; high hopes for land use

When Red Rock Resorts' Station Casinos Inc. demolishes its two hotel casinos at Lake Mead Boulevard and Rancho Drive in North Las Vegas, the mayor of the city hopes the land will be converted to commercial uses and not big-box stores. North Las Vegas Mayor John Lee, in office until he is term-limited out at the end of the year, also remains hopeful…
Strategy Guide
Station Casinos to demolish hotels; high hopes for land use
Review Journal

Macao casino relicensing occurring as region recovers from shutodown of properties

Macao, the most lucrative casino gaming market in the world since 2006, is taking a page from an old Strip playbook. Remember those efforts to draw families to Las Vegas in the 1990s? Casino companies across the valley built thrill rides, roller coasters and Strip-front entertainment to attract audiences to their resorts. That's what's in store for…
Strategy Guide
Macao casino relicensing occurring as region recovers from shutodown of properties
The Nevada Independent

Impending demise of Fiesta Henderson opens opportunities for smaller casino operators

Henderson casino owner Joe DeSimone reached out to Red Rock Resorts last year to see if the company was interested in selling the closed Fiesta Henderson. "They weren't receptive," recalled DeSimone, who operates Railroad Pass on U.S. 95 and The Pass Casino on Water Street. "I think they just kind of just wrote it off." Tim Brooks, who operates the…
Travel
Impending demise of Fiesta Henderson opens opportunities for smaller casino operators
Review Journal

Macao casino shutdowns extended five days

Stock market prices for the affiliates of three Las Vegas companies operating in Macao began rebounding Monday, even after a weeklong government-ordered casino shutdown was extended by five days. The casino lockdown, which began July 11 and had been set to expire Sunday, is now scheduled to end July 23. Analysts have estimated the closures will…
Covid
Macao casino shutdowns extended five days
Review Journal

Macao casinos to close as COVID-19 outbreak widens

Macao will shut almost all businesses, including casinos, for a week starting Monday as a COVID-19 outbreak in the Asian gambling hub showed few signs of abating, Macao Daily reported. Essential business operations including supermarkets and pharmacies will remain open, the report cited the city's officials as saying at a press briefing Saturday.…
Covid
Macao casinos to close as COVID-19 outbreak widens
Review Journal

Two downtown Las Vegas resorts happy with under-21 ban

Two downtown Las Vegas resort properties forbid people under 21 from entering. But don't expect the policies imposed by Circa and the El Cortez to gain any traction in other Las Vegas properties. Derek Stevens, Circa's owner, in June 2020 tweeted about his place's under-21 ban effective on opening day in October 2020. El Cortez this year made its…
Travel
Two downtown Las Vegas resorts happy with under-21 ban
The Nevada Independent

Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz A U.S. Supreme Court ruling last week was…
Gaming Authorities
Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’
The Nevada Independent

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Five Southern Nevada casinos that never…
Lottery
Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023
Review Journal

Bally’s Tribune site bid selected for Chicago casino operation

Bally's Corp., a fast-growing Rhode Island gaming company that is in the process of acquiring operations of the Tropicana in Las Vegas, has been selected as the sole licensee of Chicago's planned casino. Chicago Mayor Lori Lightfoot on Thursday announced the $1.7 billion casino resort would be built on the site of the Tribune Publishing Center near…
Covid
Bally’s Tribune site bid selected for Chicago casino operation
The Street

Las Vegas Strip Completes Its Covid Comeback (Thank the NFL, BTS)

Las Vegas had a bleak 2020 with the pandemic forcing Sin City to close. Caesars (CZR) - Get Caesars Entertainment Inc Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, Wynn (WYNN) - Get Wynn Resorts, Limited Report, and the rest of the players on the famed Las Vegas Strip literally had to shut down their massive…
NFL
Las Vegas Strip Completes Its Covid Comeback (Thank the NFL, BTS)
Forbes

Nevada Hits $1 Billion In Gambling Revenue For 12th Consecutive Month

N evada recorded $1.1 billion in gaming revenue in February, marking the 12 consecutive month the state brought in more than $1 billion from its casinos. February also set an all-time win total for the month, $1.07 billion in 2013 was the previous record, and revenues from The Las Vegas Strip hit its third-highest level in history. According to the…
Winnings
Nevada Hits $1 Billion In Gambling Revenue For 12th Consecutive Month
Trending News Buzz

Which Games Generate the Most Revenue for Casinos?

The Nevada Gaming Control Board's recent report showed that 400+ casinos based in the State earned more money from players in 2021 than in any previous year. As seen on various publications like Sloterman, the report also revealed which slot games and table games generated the most revenue for the casinos. It's no wonder that blackjack remains the…
Finance
Which Games Generate the Most Revenue for Casinos?
The Nevada Independent

Indy Gaming: Three years later, no action in D.C. to raise jackpot tax threshold

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Congressional representatives and the…
Winnings
Indy Gaming: Three years later, no action in D.C. to raise jackpot tax threshold
Review Journal

Nation’s commercial casinos produced record revenue in 2021

The nation's commercial casinos generated more revenue in 2021 than any other year in the industry's history, the American Gaming Association reported Tuesday. Gross gaming revenue reached $53 billion, breaking the previous industry record of $43.65 billion, set in 2019, by more than 21 percent. "These results are nothing short of remarkable," said…
Finance
Nation’s commercial casinos produced record revenue in 2021
The Nevada Independent

Closed casinos, visitation declines hurt two Clark County gaming markets

Two North Las Vegas casinos that have been closed for 23 months and a nearly 38 percent decline in visitation to Laughlin kept the Clark County communities from meaningful participation in Nevada's record-shattering $13.4 billion gaming revenue year in 2021. According to the Gaming Control Board, the markets were the only two of Nevada's 18…
Industry
Closed casinos, visitation declines hurt two Clark County gaming markets
Forbes

Billionaire Behind Troubled Crystal Cruises Is Moving Ahead With Bigger Casino Bets

T he Crystal Symphony, a luxury cruise liner owned by Crystal Cruises, a subsidiary of Genting Hong Kong, was supposed to arrive in Miami on Saturday, January 22. But at 1 p.m. on Friday, the Captain told the passengers that the ship would instead dock in the Bahamas. The change of plans was so the Crystal Symphony could avoid seizure by the U.S.…
Travel
Billionaire Behind Troubled Crystal Cruises Is Moving Ahead With Bigger Casino Bets
Forbes

Nevada Hits All-Time Record Of $13.4 Billion In Gambling Revenue In 2021

D espite Covid, Nevada's casinos had an historically healthy year in 2021-the state reported a record $13.4 billion in gambling revenue. The total gaming jackpot last year also beat pre-pandemic numbers in 2019 by 11.6%, according to the Nevada Gaming Control Board. The last all-time high was in 2007 when the state reported $12.8 billion in gaming…
Finance
Nevada Hits All-Time Record Of $13.4 Billion In Gambling Revenue In 2021
Review Journal

Macao news propels stock prices for some Las Vegas casino operators

The stock prices of two Las Vegas-based gaming companies with operations in Macao soared Friday after the government there clarified its casino licensing framework following earlier proposals that clouded the region's outlook. Las Vegas Sands Corp., which operates one property on the Macao peninsula and five on the offshore Cotai Strip, saw its…
Land-based
Macao news propels stock prices for some Las Vegas casino operators
The Nevada Independent

Analyst: Events will make 2022 bigger Las Vegas revenue year than 2021

As the Las Vegas resort industry awaits the full return of its convention and meeting business, one gaming analyst said high-profile events tied to the National Football League will boost Southern Nevada visitation in the first half of the year, despite the recent national spike in COVID-19 cases. Daniel Politzer, who follows the gaming industry…
Finance
Analyst: Events will make 2022 bigger Las Vegas revenue year than 2021
Review Journal

MGM, Caesars, Station Casinos OK’d to return casinos to 100 percent capacity

Three of the largest casino operators in Las Vegas can now run their casinos at full capacity. MGM Resorts International, Caesars Entertainment Inc. and Station Casinos are the latest companies to have gaming floor capacity and social distancing restrictions waived by the Nevada Gaming Control Board. The Wednesday announcements mean an additional…
Covid
MGM, Caesars, Station Casinos OK’d to return casinos to 100 percent capacity
Review Journal

AGA confirms record 2021 gaming revenue from nation’s casinos

Nevada has produced its share of gaming revenue records this year, so it stands to reason that the American Gaming Association is indicating commercial gaming revenue nationwide will reach its highest level ever in 2021. And that's without all of the numbers from November numbers in and nothing yet from December. The AGA on Wednesday affirmed that…
Finance
AGA confirms record 2021 gaming revenue from nation’s casinos
Review Journal

Losses by large companies show pandemic still affects Las Vegas

The theory gaming industry analysts hypothesized months ago appears to be holding true: Companies operating on the Strip and in Macao are struggling more than their regional counterparts. Third-quarter earnings reports wrapped up late last month and the numbers show there's still a way to go before we can say the pandemic is behind us, even as…
Covid
Losses by large companies show pandemic still affects Las Vegas
Forbes

Nevada Hits Eighth Month Of More Than $1 Billion In Gambling Revenue

G amblers keep losing and Nevada keeps winning. The Silver State collected $1.2 billion in gambling revenues from casinos in October, marking the eighth consecutive month the state has brought in more than $1 billion, according to numbers released by the Nevada Gaming Control Board. October's total win is up 19.5% from pre-pandemic levels during…
Finance
Nevada Hits Eighth Month Of More Than $1 Billion In Gambling Revenue
Review Journal

Thanksgiving travelers ready to feast in ‘fully reopened’ Las Vegas

Thanksgiving holiday travelers are coming, and they have quite the appetite. It's the second Thanksgiving weekend during the pandemic. But the circumstances are different this year: There are no pandemic capacity restrictions, shows are up and running, COVID-19 vaccines are widely available across the country and international borders are open to…
Valentine's Day
Thanksgiving travelers ready to feast in ‘fully reopened’ Las Vegas
Review Journal

More states considering casino gambling expansion

It's no wonder why states across the nation are in various stages of introducing some form of gaming to their citizens. The American Gaming Association last week reported that commercial gaming revenue hit a quarterly record for the months of July, August and September and that revenue is on a record pace for 2021. The AGA said that with $38.67…
Gaming Authorities
More states considering casino gambling expansion
The Nevada Independent

A buyer’s market: Vegas Strip casinos a hot commodity

High-profile Las Vegas Strip resorts aren't put up for sale every day. Last week, however, Caesars Entertainment and MGM Resorts International, the Strip's two largest operators with a combined 17 properties, each said they wanted to part ways with a hotel-casino. In a year that has seen more than $30 billion in announced mergers and acquisition…
Covid
A buyer’s market: Vegas Strip casinos a hot commodity
Review Journal

Planned Chicago integrated resort won’t be developed by a Las Vegas company

The developer of Chicago's first integrated resort won't have a Las Vegas address. Responses to a request for proposals were announced late Friday by the city, the country's third-largest metropolitan area with 9.5 million residents. Five proposals from four different companies were announced. Replies came from: Bally's Corp., which submitted two…
Land-based
Planned Chicago integrated resort won’t be developed by a Las Vegas company
Review Journal

Mets majority owner reported to be in talks with Las Vegas Sands for casino

A sports business website has reported that Steven Cohen, majority owner of the New York Mets baseball team, is in preliminary talks with Las Vegas Sands Corp. to build a casino next door to the Mets' Citi Field. A Las Vegas Sands spokesman would not comment on the report but issued a statement about the company's continuing interest in the New…
Gaming Authorities
Mets majority owner reported to be in talks with Las Vegas Sands for casino
Review Journal

New table games shown at G2E offer new experiences for players

Table games have been slow to catch up to the technological revolution happening on the slot machine side of gaming, but that's changing. On Tuesday, table game manufacturers at the annual Global Gaming Expo, or G2E, showed off some of their latest products striving to narrow that gap while fostering a lively, social gaming experience. "Slots have…
Craps
New table games shown at G2E offer new experiences for players
Review Journal

Global Gaming Expo G2E gathering this week in Las Vegas to see new slot machines

If there ever was a slot machine supermarket, it would be G2E. Beginning this week, gaming industry professionals will gather at The Venetian Expo to see, hear and touch what gaming manufacturers say will be the next generation of casino gadgetry designed to keep players more engaged - and to spend more of their entertainment dollar. Leaders of the…
Winnings
Global Gaming Expo G2E gathering this week in Las Vegas to see new slot machines
Forbes

Nevada On Six-Month Hot Streak With $1 Billion-Plus In Gambling Revenue

Las Vegas' luck has not yet run out. Nevada collected $625.7 million in gambling revenue from casinos on the Las Vegas Strip in August, which is up 20% from pre-pandemic levels in August 2019, according to numbers released Thursday by the Nevada Gaming Control Board. Sin City's revenue increase over the same month in 2019 is another sign that Vegas…
Finance
Nevada On Six-Month Hot Streak With $1 Billion-Plus In Gambling Revenue
Review Journal

MGM Resorts makes shrewd move to acquire The Cosmopolitan of Las Vegas

Last week, the largest employer on the Strip made the surprise announcement that it's acquiring the operations of The Cosmopolitan of Las Vegas for $1.625 billion. It's part of a larger $5.65 billion real estate deal for Blackstone with a method in vogue in the gaming industry these days: A group of investors is buying the real estate beneath The…
Travel
MGM Resorts makes shrewd move to acquire The Cosmopolitan of Las Vegas
The Nevada Independent

‘What’s the endgame?’ No resolution projected as decades-long feud between Culinary and Station Casinos continues

A second-floor meeting hall in the aging downtown Las Vegas headquarters of Culinary Workers Local 226 has long attracted local, state and national candidates seeking support from the influential labor group's membership. Oftentimes, Station Casinos is a talking point. In November 2019, Vice President Kamala Harris, then a California senator who…
UFC / MMA
‘What’s the endgame?’ No resolution projected as decades-long feud between Culinary and Station Casinos continues
AP News

Casino giant MGM Resorts selling land to New York-based firm

LAS VEGAS (AP) - A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment and MGM Resorts International. Combined, VICI Properties Inc. will end up with properties in 15 states. MGM Resorts…
Travel
Casino giant MGM Resorts selling land to New York-based firm
Yogonet

Chicago not attracting major operators for casino project despite extended RFP deadline

hicago is committed to opening its first casino, but one essential requirement to turn the project into reality seems to be missing: interest from major gaming companies willing to launch operations in the city. Originally, bidders had until August 23 to submit a proposal to develop the long-awaited casino. This later changed once Chicago Mayor…
Travel
Nikkei Asia

Yokohama mayor-elect deals Japan's casino dream a fresh blow -Nikkei Asia

ERI SUGIURA, Nikkei staff writer TOKYO -- The result of the Yokohama mayoral election on Sunday has cast another shadow over Japan's ambitions to build massive casino resorts, a drive that was already under strain due to the withdrawal of interest by key foreign players amid the COVID-19 pandemic. Takeharu Yamanaka, a former professor at Yokohama…
Covid
Yokohama mayor-elect deals Japan's casino dream a fresh blow -Nikkei Asia
Review Journal

Chicago’s casino resort plan thwarted by high tax rate, abundant competition

If everything had gone according to plan, we would all be buzzing this week about which company would have the best opportunity to build a casino resort in Chicago. But it hasn't gone according to plan. When Chicago started hearing crickets in response to its request for proposals, the city's leadership hit the brakes and pushed back the deadline…
Travel
Chicago’s casino resort plan thwarted by high tax rate, abundant competition
Market Watch

Casino giant MGM Resorts sells $17.2 billion worth of land to a New York-based firm

LAS VEGAS (AP) - A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment CZR, -2.92% and MGM Resorts International MGM, -0.74% . Combined, VICI Properties Inc. VICI, -0.63% will end up with…
Travel
Casino giant MGM Resorts sells $17.2 billion worth of land to a New York-based firm
Casino Review

Strip-tease: $4.3bn Resorts World Las Vegas opens its doors

The first ground-up casino resort to debut on the Strip in more than a decade, Resorts World Las Vegas celebrated its grand opening on 24 June. At least 20000 people were on hand for the $4.3bn hotel casino's opening night, the property's public relations manager Joslyn Garcia reported. Resorts World marks the first new resort to open on the Strip…
Travel
Strip-tease: $4.3bn Resorts World Las Vegas opens its doors
The Nevada Independent

Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. Las Vegas Sands is on its way to becoming just Sands. The…
NFL
Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online
World Casino News

Positive pronouncements on Las Vegas Sands Corporation

In the United States and numerous industry analysts have reportedly predicted that the recent passing of Sheldon Adelson (pictured) at the age of 87 should have little serious impact on the immediate future of Las Vegas Sands Corporation. According to a story from CDC Gaming Reports, Adelson died at his home in southern California on Monday…
Industry
Positive pronouncements on Las Vegas Sands Corporation
Casino Review

Red Rock Resorts revives casino project in Southwest Las Vegas

The operator suggested that the proceeds from the $650m sale of the Palms to the San Manuel Band of Mission Indians could "accelerate the development" of the Durango project. "We like everything we're seeing [in the area]," said Red Rock CEO Frank Fertitta. "We think it's very, very underserved. And we are currently very focused on the scope of the…
Travel
Red Rock Resorts revives casino project in Southwest Las Vegas
The Nevada Independent

Resorts World unveiling ‘seems like an old-school Las Vegas resort opening’

The comparisons between the opening of Resorts World Las Vegas and the launch of The Mirage almost 32 years ago can't be ignored. Like its predecessor, the $4.3 billion Resorts World ends a decade-long lull of new Las Vegas Strip hotel-casino development. When it opened in 1989, The Mirage was the Strip's first all-new casino resort in 15…
Travel
Resorts World unveiling ‘seems like an old-school Las Vegas resort opening’
Best US Casinos

What's Happening in Las Vegas Over Memorial Day Weekend?

Not long ago, Governor Steve Sisolak announced that casinos in Las Vegas no longer need to require vaccinated guests to wear masks. It's a huge move for the city and could help to boost tourism rates. Today, we'll quickly talk about what's happening in Las Vegas over Memorial Day weekend! This is an extremely exciting time for the city of Las…
Religion
What's Happening in Las Vegas Over Memorial Day Weekend?
The Nevada Independent

Digital and cashless gaming technology viewed as bringing casinos into the 21st century

Cashless gaming has been used on slot machines throughout the casino industry for at least two decades, although it wasn't initially accepted by customers. When the original systems, dubbed ticket-in/ticket-out, were introduced, they confused older slot players, who didn't understand why winnings came out in the form of a ticket voucher, rather…
Gaming Authorities
Digital and cashless gaming technology viewed as bringing casinos into the 21st century
Review Journal

Virgin Hotels CEO Richard Bosworth says Vegas property to grow with market

The Las Vegas Valley's newest integrated resort is still without a pool, a beach club, multiple planned restaurants, an operating sportsbook and hotel occupancy rates in line with the average. All as expected, Virgin Hotels Las Vegas executives said Friday. But that situation will change soon. Those features are on the way, slated to arrive in the…
Industry
Virgin Hotels CEO Richard Bosworth says Vegas property to grow with market
Review Journal

Downtown’s Circa casino to open during coronavirus pandemic

Like many things in Las Vegas, casino openings are known for being over the top. But the extravagant parties - often accompanied by VIP guest lists, fireworks and performers - are more than just an excuse to pop a few bottles of champagne. They're a casino's first chance to make an impression and kick-start operations, and could affect customer…
Covid
Downtown’s Circa casino to open during coronavirus pandemic
Gambling News

Still No Action from the IRS and Treasury on Slot Jackpot Limit

The slot jackpot threshold for reporting to the IRS was established back in 1977. Any win, equal or greater than $1200 needs to be reported with IRS Form W-2G by both patrons and casinos. Despite that the gaming industry urged for changes of the threshold, so far no actions were taken by the IRS or the Treasury. Established back in 1977, the…
Winnings
Still No Action from the IRS and Treasury on Slot Jackpot Limit
CNN

Chinese gamblers defying a ban at home are powering the Philippines' casino boom

Nearby, rows of Chinese nationals sit at desks chatting on cellphones with potential clients back in China.This is what a typical POGO -- or a Philippine Offshore Gaming Operator -- looks like, according to descriptions provided to CNN by several gaming experts. Some are based in abandoned malls, while others are found in converted parking lots or…
Covid
Chinese gamblers defying a ban at home are powering the Philippines' casino boom
Review Journal

Las Vegas hotel-casinos strive to gauge visitor demand

When one door closes, another opens. Las Vegas casino operators seem to be taking that adage to heart this month. Last week, Caesars Entertainment Corp. announced that it would reopen its fifth casino, Bally's, this month. Meanwhile, Las Vegas Sands Corp. is set to close its Palazzo hotel tower on weekdays, limiting its available rooms for the…
Land-based
Las Vegas hotel-casinos strive to gauge visitor demand