Las Vegas Sands (LVS) Stock: Why It Increased Over 3% Today

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BNN Bloomberg

Philippines Cracks Down on China-Centric Online Casinos

Industry ・ 14 July 2023

Yogonet

Macau casino gaming revenue hits all-time low in July collecting only $49M amid Covid restrictions

According to the Gaming Inspection and Coordination Bureau, Macau's gaming revenue has hit an all-time low; their worst month ever since records began in 2009. Data shows gross gaming revenue fell 95% to 398 million patacas ($49 million) in July, 98% lower than pre-pandemic levels. Macau's casinos reopened on July 23, after a nearly two-week…

Covid ・ 24 September 2022

AGB - Asia Gaming Brief

Alvin Chau denies involvement in online gambling operations

Two defendants testified in the matter involving Alvin Chau, but Chau continued denying his involvement saying, "he does not gamble and was not familiar with gambling operations." Along with 20 other defendants, there are 286 criminal cases registered against Chau for allegedly promoting illegal gambling, operating a criminal syndicate, fraud, and…

Trust and Safety ・ 23 September 2022

Bankrate

Investing In Casinos And Online Gambling: Key Things To Know

The casino industry has been hit by two major developments in the last few years, the advent of online gaming and the emergence of the COVID pandemic. Both created serious challenges for the industry, but the year 2022 has seen the industry bounce back after more than a year of subpar performance. Hospitality industries such as casinos suffered a…

Sports ・ 16 September 2022

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Yogonet

Cambodian government renews 70 licenses for casinos and gambling-oriented companies

The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has announced the renewal of 70 licenses to casino and game of chance companies in the second quarter of this year. The General Secretariat granted licenses to 47 casinos and seven games of chance companies on Friday,…

Covid ・ 22 August 2022

Gambling News

Macau’s Casinos & Malls, Long Recovery Road Ahead After Grand Reopening

Following the end of the most recent anti-pandemic restrictions imposed on non-essential businesses in Macau at the beginning of the month, the territory's casinos and malls are ready to receive customers once again. Unfortunately, limitations and restrictions still exist and the venues resemble ghost towns. Home to more than a dozen worldwide…

Travel ・ 25 July 2022

Yogonet

Macau casinos reopen at 50% staff levels after two-week shutdown, but recovery prospects remain bleak

Macau casinos reopened Saturday after a nearly two-week shutdown mandated in an effort to stop the spread of Covid-19. However, without tourists, business was slow for the gaming venues, and analysts have estimated the closures could cost the casinos $1 billion. In response, the government said it intends to distribute $1.24 billion to those…

Covid ・ 25 July 2022

The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

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Review Journal

Sands casinos among properties that will be allowed to reopen Saturday morning

Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there. The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.…

Covid ・ 20 July 2022

The Street

Las Vegas Strip Casino Leaders Take Unexpected Covid Hit

Covid crushed the travel business and few cities took a bigger hit than Las Vegas. Under orders from Nevada Gov. Steve Sisolak (D), the city's casinos, hotels and restaurants closed for roughly two months in the early days of the pandemic. The reopening of Sin City was a slow process, with the two biggest Las Vegas Strip players -- Caesars…

Covid ・ 11 July 2022

Casino Guru

Macau casinos go on lockdown

Macau's casinos will have to discontinue operations as they did this morning when no property in the special administrative region opened doors for business. This is the result of a Saturday decision issued by the Macau government which ordered concessionaires to keep their gaming properties shuttered at least until July 18 as the region is faced…

Covid ・ 11 July 2022

France 24

Macau closes casinos, most businesses as Covid outbreak worsens

Hong Kong (AFP) - Macau on Saturday announced a weeklong shutdown of its casinos and non-essential businesses as the Chinese gambling hub confronted its worst coronavirus outbreak yet. Macau will enter "static management" for a week starting July 11 and residents must stay home, with rulebreakers liable to be jailed for up to two years, top city…

Covid ・ 09 July 2022

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The Nevada Independent

Lake Tahoe casinos begin reopening as Caldor Fire evacuation orders are lifted

South Lake Tahoe's casino market is slowly getting back to business after the Caldor Fire forced a week-long shutdown of gaming and tourism operations just ahead of what was expected to be a busy Labor Day Weekend. Most of the mandatory evacuations that covered both the California and Nevada sides of the Lake Tahoe area had been rescinded by…

Christmas ・ 08 September 2021

Vegas Slots Online

Ontario to Reopen Casinos, Nova Scotia OKs Max Capacity

17 Ontario casinos will reopen this week, followed by others such as Fallsview Casino Resort (pictured above) later this month, while gaming facilities in Nova Scotia will return to full capacity on July 14. [Image: Shutterstock.com] Casinos reopening in the Canadian province of Ontario this week swelled to 17, while their counterparts in Nova…

Lottery ・ 14 July 2021

Casino Reports

Great Canadian Gaming Corp. Restarts Ontario Properties

Following other provinces, Ontario will now also reopen its casino properties as the province moves into Stage 3 of its reopening plan. Great Canadian Gaming Corporation was quick to react to the news and revealed that it will be restarting 11 of its casinos in Ontario, as the province recovers from the unprecedented situation. Great Canadian…

Travel ・ 13 July 2021

Casino Reports

SaskGaming Suffers Major Financial Losses

The unprecedented situation has taken its toll on yet another gaming corporation in Canada. Most recently SaskGaming reported its first-ever financial losses amounting to CA$13400000 for the 2020-2021 fiscal year after 25 years of operations. The losses can be explained by the closure of business properties in the province as the company's casinos…

Gaming Authorities ・ 15 November 2021

City News Vancouver

B.C. casinos allowed to reopen Thursday across the province.

River Rock Casino in Richmond among the casinos reopening in B.C. (Courtesy riverrock.com) Summary Before the COVID-19, pandemic casinos employed thousands of British Columbians Casinos across B.C. can reopen July 1 with reduced capacity B.C. enters Step 3 of the Restart Plan Thursday, when casinos can operate again VANCOUVER (NEWS 1130) - You…

Covid ・ 29 June 2021

Vegas Slots Online

British Columbia Casinos Prepare for Reopening on July 1

Casinos remain some of the last properties not to have reopened in British Columbia as the Canadian province gradually lifts its COVID-19 restrictions. However, that could soon change with the region set to enter the third step of its coronavirus reopening plan on July 1. Although the provincial government has not officially announced that casinos…

Covid ・ 02 July 2021

iGaming Business

Macau casino revenue rockets 1,014% in April to MOP8.40bn

The April revenue was the highest monthly revenue total of 2021 so far, surpassing the MOP8.31bn posted in March by 1.1%, as well as the highest total since January 2020's MOP22.12bn For the year to date, revenue in the four months through to the end of April amounted to MOP32.0bn, which is 2.6% ahead of the same point in 2020. Like all markets…

Finance ・ 16 June 2021

US Gambling Sites

Casinos operated by the Navajo Nation have been hit with layoffs due to the pandemic.

Going on 10 months now, casinos in the United States have been negatively affected by the coronavirus. Just like other businesses, casinos have seen a lack of traffic due to the onset of COVID-19 in their area. The virus is so contagious that people are required or at least encouraged to wear masks while out in public and some services, like dining…

Covid ・ 19 January 2021

Casino News Daily

Pennsylvania Casinos Given the Green Light to Reopen on Jan. 4

Pennsylvania's casinos will be allowed to reopen on January 4 when a state-mandated three-week shutdown of non-essential businesses is set to expire. Governor Tom Wolf announced Wednesday that he would not extend the temporary restrictions beyond Monday because the number of new Covid-19 cases has declined since these were enforced nearly three…

Covid ・ 19 January 2021

Gambling News

NagaWorld Casino Reopens Doors on July 8, VIP Tables and Slots Available for Guests

Cambodia's NagaWorld Casino will reopen doors on July 8. The operator has received a certificate, allowing it to resume operations. With that being said, the casino is still going to follow strict health and safety protocols. NagaCorp Ltd has announced that it will be reopening NagaWorld Casino's doors in Cambodia. The VIP tables and slots will be…

Sports ・ 16 February 2021

PokerNews

Casino In England Ready To Reopen On July 4

American Independence Day is celebrated across the United States on July 4 but it looks set to be a day of celebration for gamblers calling England, United Kingdom home. The Betting and Gaming Council (BGC) revealed land-based casinos in England are ready to reopen for business on July 4. English casinos have been completely closed since March 23.…

Covid ・ 07 May 2021

The Times Of Northwest Indiana

Indiana casinos likely to stay closed until at least mid-June

The state-mandated closure of Northwest Indiana's casino industry is likely to continue until at least mid-June, according to new guidance from the Indiana Gaming Commission. In a brief statement, the IGC said the reopening of the Region's five casinos, and the eight other state-regulated gaming properties across Indiana, probably won't begin until…

Gaming Authorities ・ 04 February 2021