#Wall Street Journal

Review Journal

Las Vegas casino was imploded years ago, but no word if new resort will be built

When the New Frontier was imploded in 2007, the spectacle featured a fireworks show, cheering onlookers and a chanted countdown to the resort's destruction. Approaching 17 years later, the Strip property is still waiting for a new resort to take shape - and there's no telling when that might happen. Casino operator Wynn Resorts, which acquired the…

Land-based ・ 23 days

Gambling

One Mob-Era Casino Closes, Another Offers Old Vegas Prices

The Tropicana hotel-casino, a once-glamorous resort that first opened in 1957 on the Las Vegas Strip, is set to close permanently Tuesday. The Trop, as it is known locally, is one of the last Mob-linked properties on the Strip with original construction intact. Meanwhile, a small, longtime Las Vegas Strip casino, Slots-A-Fun, is returning not to…

Incidents ・ 25 days

The Baltimore Sun

Visit a casino from your couch? Here's why Md. should reject iGaming

The Maryland Lottery went live in 1973 with just one game, called Twin Win. Residents of Maryland were told the money generated from the lottery would help fund education. Today, the Maryland Lottery has at least 10 different games and has generated over $19.3 billion in revenue for the state of Maryland. In 2008, the Maryland General…

Finance ・ 05 March 2024

Daily Mail Online

with Nevada raking in $15 BILLION in 2023 as gamblers rush back to Sin City after COVID slump

In a blockbuster year of profits, Nevada casinos raked in over $15billion from unlucky gamblers in 2023. Casinos on the Las Vegas strip took in more than $900million from gamblers in December alone, contributing to a record-breaking month for the state. The Gaming Control Board of Nevada said the state recorded winnings of $1.43 billion in the…

Finance ・ 03 February 2024

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iGaming Business

Svenska Spel to close Casino Cosmopol in Gothenburg and Malmö

With the rise of online casino causing Casino Cosmopol's visitor numbers to fall in recent years, the Swedish land-based casino brand of Svenska Spel has decided to permanently close the doors on two of its three venues to "limit losses". Union negotiations will now be held before a final decision is made. The Gothenburg and Malmö closures mean the…

Finance ・ 25 January 2024

schiffgold.com

Wildest Inflation Red Flag: Vegas Table Limits

Anyone who has been to a restaurant, a grocery store, or the car lot during the Biden administration can't deny the reality of inflation. But despite what the federal government is saying about the success of its anti-inflation efforts red flags for inflation keep popping up in the strangest places. Take the Las Vegas Strip. Casinos on the Strip,…

Finance ・ 25 January 2024

The Globe and Mail

The house always wins, which makes casino stocks a good bet

There's an old and irrefutable saying: "The house always wins." It refers to the fact that casinos and online betting sites consistently make money, while gamblers almost always end up losing sooner or later. A 2013 study by The Wall Street Journal estimated that 13.5 per cent of players that go to physical casinos come out ahead. Few of those…

Finance ・ 03 January 2024

Schaeffer's Investment Research

Casino Giant's Biggest Investor Sells Massive Stake

Las Vegas Sands Corp (NYSE:LVS) are 3% lower at $46.25 at last glance, after Miriam Adelson, the casino company's largest shareholder, sold $2 billion of stock. The investor said the proceeds will be used to "fund the purchase of a majority interest in a professional sports franchise" with The Wall Street Journal reporting Mark Cuban is selling a…

Finance ・ 30 November 2023

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CyberScoop

Hackers that breached Las Vegas casinos rely on violent threats, research shows

The prolific hacking group made up primarily of young people that was behind a recent breach that crippled several Las Vegas resorts has made graphic threats of violence as part of its attempts to force victims to give up their credentials, according to research released Wednesday. According to researchers with Microsoft's threat intelligence and…

Incidents ・ 26 October 2023

Cision

Great Canadian Entertainment Announces the Transformation of Hard Rock Casino Vancouver into Great Canadian Casino Vancouver

Property to Feature Gordon Ramsay Burger and Heightened Entertainment in Association with Live Nation Canada VANCOUVER, BC, Oct. 18, 2023 /CNW/ - Great Canadian Entertainment, Canada's leader in gaming and hospitality, is thrilled to announce the exciting rebranding of Hard Rock CasinoVancouver to Great Canadian CasinoVancouver, effective December…

Industry ・ 18 October 2023

Las Vegas Weekly

After cyberattacks crippled casino companies, how vulnerable is Las Vegas?

Las Vegas has always prided itself on its economy of leisure. In the span of a weekend, visitors can dine at the finest restaurants, witness world-class entertainment and sporting events and shop at top luxury brands without leaving the Strip-sometimes, without leaving their hotel. All that came to a standstill last month as two casino giants fell…

Incidents ・ 12 October 2023

AP News

Data breach at MGM Resorts expected to cost casino giant $100 million

NEW YORK (AP) - The data breach last month that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million, the Las Vegas-based company said. The incident, which was detected on Sept. 10, led to MGM shutting down some casino and hotel computer systems at properties across the U.S. in efforts to protect…

Incidents ・ 07 October 2023

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ABC News

Cyberattack at MGM Resorts expected to cost casino giant $100 million

The data breach that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million ByWYATTE GRANTHAM-PHILIPS AP business writerOctober 6, 2023, 11:06 AM NEW YORK -- The data breach last month that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million, the Las Vegas-based…

Incidents ・ 07 October 2023

The Washington Post

Las Vegas casino hacks: What tourists should know about MGM cyberattack

A recent cyberattack targeting MGM Resorts has left guests with a losing hand. In addition to a potential breach of personal data, hotel and casino visitors had to contend with widespread interruptions since last week, ranging from inoperable digital keys to blank slot machines. Days after MGM first reported a "cybersecurity issue" on Sept. 11,…

Land-based ・ 20 September 2023

New York Post

MGM casinos still reeling from 'cybersecurity issue'

MGM's casinos in Las Vegas continued to be plagued by "cybersecurity issue" on Friday - five days after getting hacked - with many slot machines silenced while guests squawked about broken elevators and poor service. One person staying at MGM Resorts-owned Aria said the hotel was handing out so-called "guest recovery voucher to any hotel guest who…

Land-based ・ 17 September 2023

CyberScoop

Groups linked to Las Vegas cyber attacks are prolific criminal hacking gangs

A pair of criminal hacking groups have been linked with attacks in recent weeks on two prominent Las Vegas hotel and casino operators that has left one struggling to resume operations and prompted another to reportedly pay a multimillion dollar ransom payment. The attacks on MGM Resorts and Caesars Entertainment have resulted in widespread outages…

Incidents ・ 15 September 2023

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The Wall Street Journal

Pro Take: MGM Casino Hack Shows Challenge in Defending Connected Tech

The cyberattack on MGM Resorts International this week has highlighted the difficulty in keeping sprawling tech infrastructure and thousands of employees secure, amid a push by the hospitality sector to integrate internet-connected technology. Long lines at casinos in Las Vegas, locked hotel rooms and downed slot machines this week show how a…

Industry ・ 14 September 2023

Morning Star

here's how to buy lottery tickets on your phone

More than two dozen states now allow for some form of online lottery purchases. So some lottery players can buy Mega Millions or Powerball tickets without stepping foot in a store. The Powerball jackpot has now reached $550 million. And that means plenty of Americans will likely be lining up to buy tickets for Wednesday night's drawing, which is…

Lottery ・ 14 September 2023

Vegas Inc

Parent of Las Vegas Strip casino to settle sexual harassment claim

This March 15, 2016, file photo, shows casino mogul Steve Wynn at a news conference in Medford, Mass. Thursday, Sept. 7, 2023 | 5:31 p.m. A parent company of a Las Vegas Strip casino and nine unnamed women are settling a lawsuit alleging the company failed to investigate allegations that female employees were sexually harassed by the company's…

Law ・ 08 September 2023

WOWK TV 13 News

Casino mogul Steve Wynn fined $10M to end fight over claims of workplace sexual misconduct in Nevada

LAS VEGAS (AP) - Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement Thursday to end the state's look at…

Law ・ 06 August 2023

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Las Vegas Casino Mogul Fined $10M to End Fight Over Claims of Workplace Sexual Misconduct

Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement last week to end the state's look at allegations that led…

Law ・ 31 July 2023

NBC News

Casino mogul Steve Wynn to pay $10M, cut gambling ties after Nevada sexual misconduct investigation

LAS VEGAS - Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement Thursday to end the state's look at…

Law ・ 29 July 2023

Quartz

Las Vegas king Steve Wynn banned from Nevada's gambling industry

Casino magnate Steve Wynn was banned from the Nevada gambling industry, one that he had a sizable role in developing, in order to settle a 2019 sexual misconduct case with the state's authorities. Wynn was accused of making unwanted sexual advances towards multiple women under his unemployment. As part of the deal, he will also pay $10 million and…

Incidents ・ 28 July 2023

Bozeman Daily Chronicle

Las Vegas casino mogul Steve Wynn to pay $10M to end fight over claims of sexual misconduct

LAS VEGAS (AP) - Casino mogul Steve Wynn's long legal fight with Nevada gambling regulators over claims of workplace sexual misconduct is expected to end Thursday with a settlement calling for him to pay a $10 million fine and cut virtually all ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission was scheduled to meet in…

Law ・ 28 July 2023

Fortune

Las Vegas casino mogul Steve Wynn will pay $10 million

Casino mogul Steve Wynn's long legal fight with Nevada gambling regulators over claims of workplace sexual misconduct is expected to end Thursday with a settlement calling for him to pay a $10 million fine and cut virtually all ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission was scheduled to meet in the state capital…

Law ・ 28 July 2023

Komando

Money and Risks: Unraveling the World of Gambling Livestreams

Losing it all at the casino isn't something to brag about … unless you do it for a living! Gambling guru Brian Christopher lost a staggering $300000 on slot machines last year but somehow came out on top. How did he do it? Through building an empire out of livestreaming his gambling adventures. Thousands of fans tune in to YouTube daily to see how…

Travel ・ 24 July 2023

Morning Star

The Mega Millions jackpot is $720 million

More than two dozen states now allow for some form of online lottery purchases. So some lottery players can buy Mega Millions or Powerball tickets without stepping foot in a store. The Mega Millions jackpot has now reached $720 million. And that means plenty of Americans will likely be lining up to buy tickets for Friday night's drawing, which is…

Lottery ・ 22 July 2023

Morning Star

The Powerball Jackpot is $1 billion and Mega Millions is $720 million

More than two dozen states now allow for some form of online lottery purchases. So some lottery players can buy Powerball or Mega Millions tickets without stepping foot in a store. The Powerball jackpot has now reached $1 billion, making it the seventh highest prize in U.S. lottery history -- and only the seventh jackpot to reach that…

Lottery ・ 20 July 2023

KTNV Las Vegas

Nevada regulators set to collect $10 million from former casino tycoon Wynn

LAS VEGAS (KTNV) - Nevada gaming regulators revealed Wednesday that they plan to fine former Las Vegas casino magnate Steve Wynn $10 million over past sexual misconduct allegations. The Nevada Gaming Control Board issued a complaint against Wynn in 2019, not long after a report surfaced about Wynn's years-long behavior towards women and alleged…

Industry ・ 20 July 2023

Newser

He Made a Living Losing $300K at the Slots Last Year

Brian Christopher makes a living by losing money, and a lot of it-$300000 last year. The California man is part of what Katherine Sayre, writing in the Wall Street Journal, terms a "new class of niche celebrities:" People who play slot machines in casinos with the cameras rolling, narrating and livestreaming their experiences to audiences at home.…

Travel ・ 07 July 2023

InvestorsObserver

Opening Act: Construction Starts on Future Hard Rock Hotel & Casino Ottawa

Opening Act: Construction Starts on Future Hard Rock Hotel & Casino Ottawa PR Newswire New, Exciting Tourism Destination Will Open in 2025 and Feature 150-Room Hotel, Expanded Casino and 1800 Seat Theater HOLLYWOOD, Fla.,June 7, 2023/PRNewswire/ -- Construction has officially started onOttawa'snewest tourism and entertainment destination, the…

Industry ・ 08 June 2023

Casino City Times

This Week in Gambling: Odds of winning in Las Vegas are falling fast

During This Week in Gambling's edition, J. Todd takes a look at how it's no surprise that Sin City's revenue is increasing as the odds to take the house are dwindling quickly. Not everyone is out of luck though as J. Todd also reports on some recent Las Vegas jackpot winners. Las Vegas and the state of Nevada have been on a huge revenue run for…

Land-based ・ 07 June 2023

Vegas Inc

Casino execs’ greed overboard

The May 30 Wall Street Journal had a front-page article headlined, "Bettors Find It Harder to Win At Casinos on Las Vegas Strip." The comments made by Caesars Entertainment chief Tom Reeg to Wall Street Journal analysts seemed to sum up today's Las Vegas casino mindset on gamblers living here and coming to our town as tourists. Reeg and Caesars are…

Land-based ・ 06 June 2023

Newser

Here's Why You're Losing More Often in Vegas Casinos

Las Vegas casinos are costing gamblers more and making it harder to win. The Wall Street Journal reports that blackjack payouts have gone down, roulette wheels aren't as sure a bet as before, and gaming overall costs more now. It turns out there's a reason for these changes-companies are hoping Vegas can become more of a high-end vacation…

Land-based ・ 06 June 2023

Entrepreneur

At Las Vegas Casinos, Gamblers Are Paying More and Winning Less

They say the house always wins. And it looks like some new changes will keep things that way. At some Las Vegas casinos, the odds of winning just got lower, and the buy-in more expensive. A new report in the Wall Street Journal said that Las Vegas casinos are making subtle changes that put the house at an advantage, such as raising the minimum bet…

Land-based ・ 31 May 2023

Markets Insider

Gamblers Are Paying More and Winning Less in Las Vegas Casinos

Las Vegas casinos are charging visitors more to gamble while also decreasing their chances of winning. Minimum bets to play blackjack are higher while payouts for winning hands are lower, and placing bets in roulette is riskier on the Las Vegas Strip, according to The Wall Street Journal. Casino execs say it's all a part of a plan to attract…

Land-based ・ 30 May 2023

Daily Mail Online

Gamblers wagering more than ever in Las Vegas as losses increase

Gamblers are wagering more than ever in Las Vegas as casinos increase odds and reduce payouts in some of the most popular games. Blackjack losses on the Strip were nearly $1 billion last year, according to official figures - the second highest on record after 2007. The increase comes as casino bosses attempt to draw in'higher value customers' while…

Blackjack ・ 29 May 2023

PYMNTS

Las Vegas Casinos Rake in $8.3 Billion and Lean Into High Rollers

Las Vegas casinos are focusing on upscale gamblers - and making a record amount of revenue. The amount of gambling revenue brought in by casinos on the Las Vegas Strip hit a record total of nearly $8.3 billion in 2022 - a total nearly 25% higher than that seen before the pandemic, The Wall Street Journal (WSJ) reported Monday (May 29). Blackjack…

Land-based ・ 29 May 2023

Channel 3 News

The history behind 7 casino games that are popular to play online

JAVIER LARRAONDO // Shutterstock Poker chips and cards surrounding a computer keyboard. The introduction of the internet marked a significant turning point for iconic casino games-slot machines, poker, blackjack-and their transition to online gaming. The adoption of the online gambling industry allowed for popular forms of gambling to be played…

Games ・ 05 May 2023

AP News

FBI documents give new view into Las Vegas shooter's mindset

LAS VEGAS (AP) - The high-stakes gambler who carried out the deadliest mass shooting in modern America, killing 60 and injuring hundreds more in Las Vegas, was apparently angry over how the casinos were treating him despite his high-roller status, according to a fellow gambler. An FBI interview with the gunman's fellow gambler is detailed in…

Incidents ・ 02 April 2023

NBC News

Las Vegas shooter was upset over how casinos treated him, new FBI documents say

LAS VEGAS - The high-stakes gambler who carried out the deadliest mass shooting in modern America, killing 60 and injuring hundreds more in Las Vegas, was apparently angry over how the casinos were treating him despite his high-roller status, according to a fellow gambler. An FBI interview with the gunman's fellow gambler is detailed in hundreds of…

Incidents ・ 02 April 2023

The Motley Fool

Native Casinos May Have Just Hit the Jackpot

A corner of cyberspace could soon be federally recognized tribal land. New federal rules could make it easier for Native American tribes to acquire land and broker deals with states for online sports betting, The Wall Street Journal reported. The federal framework that governs gambling on Native reservations was established in 1988 when Congress…

Winnings ・ 06 March 2023

chinadaily.com.cn

Developers seek casinos in Manhattan

A proposal seeking one of New York City's three casino licenses would include a massive Ferris wheel near the United Nations' headquarters in Midtown Manhattan with a mostly underground casino. Another proposal would convert the top three floors of Saks Fifth Avenue's flagship department store on Fifth Avenue across from Rockefeller Center and St.…

Law ・ 02 February 2023

The Post and Courier

SC Native American tribe expected to cut ties with casino partner amid federal scrutiny

ROCK HILL - Amid major leadership changes, South Carolina's only major Native American tribe is expected to cut ties with the company that helps operate its casino, ending business relationships that have led federal gaming regulators to threaten the Catawba Nation with fines and temporary closure of its North Carolina gaming hall. Hundreds of…

Law ・ 13 January 2023

KNOP News 2 Nebraska

Nebraska senator targets ‘skill games’ for taxation, additional property tax relief

LINCOLN, Neb. (Nebraska Examiner) - "Win Big Money" and "Win $15000 Today" read the signs at a small outlet at a strip mall in Kearney, Nebraska. One wall of the mostly barren shop is lined with video machines that are a dead ringer for slot machines that are now being played at Nebraska's first legal casinos in Lincoln and Grand Island. This…

Law ・ 10 January 2023

Nebraska Examiner

Nebraska senator targets 'skill games' for taxation, additional property tax relief

LINCOLN - "Win Big Money" and "Win $15000 Today" read the signs at a small outlet at a strip mall in Kearney, Nebraska. One wall of the mostly barren shop is lined with video machines that are a dead ringer for slot machines that are now being played at Nebraska's first legal casinos in Lincoln and Grand Island. This Kearney spot is not a gambling…

Law ・ 09 January 2023

Malta Today

UKGC teams up with the UK government to reduce access to unlicensed casinos

Even if it may seem that casino games and activities have just recently become popular, once the internet took over, that's not the case. Casinos have been around for centuries, and casino games have been around for even longer. Some researchers even believe card games emerged in eastern Asia, where China is today, as far back as the 11th or 12th…

Law ・ 06 January 2023

Street Insider

George Goldhoff Named President and Mike Sampson Named General Manager of Hard Rock Hotel & Casino Atlantic City

ATLANTIC CITY, N.J., Jan. 4, 2023 /PRNewswire/ -- George Goldhoff has been named President of Hard Rock Hotel & Casino Atlantic City effective Jan. 30, 2023, pending regulatory approval. Goldhoff reports directly to Jim Allen, Chairman and CEO of Hard Rock International and CEO of Seminole Gaming. Mike Sampson, who has been serving as interim…

Land-based ・ 05 January 2023

Markets Insider

Online Poker, Casino Games Businesses Triple As Casinos Close

Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Atlantic City's casinos may have closed their doors, but New Jersey's gamblers haven't stopped betting. In the wake of the COVID-19 pandemic, online casino games - where users gamble real money playing poker, slots, and more - are soaring in popularity…

Games ・ 30 December 2022

Vending Times

US casinos take aim at ‘illegal’ slot machinesVending Times

The U.S. casino industry has launched a legal war against videogame machines which they claim are gambling machines that are evading gambling laws and avoiding taxes, according to a report in The Wall Street Journal. The machines' screens feature a grid of spinning squares and players must get a match of icons by tapping the screen to win a…

Law ・ 28 December 2022

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WSJ: Gambling culture grows among US youth

A report highlighted the link between increased gaming time, developments in gambling laws, and the relation to increased gambling culture among the male youth. A report by The Wall Street Journal adressed the fact that gaming and gambling issues emerged among youths, especially among teen boys, according to counselors, therapists, and addiction…

Gambling Addiction ・ 22 December 2022

Chicago Tribune

Chicago casino: Bally's closes Freedom Center deal for $200M

Bally's completed its $200 million purchase of the Freedom Center printing plant Friday, paving the way to build Chicago's long-sought and much-debated casino. The Rhode Island-based company bought the 30-acre River West site from Nexstar Media Group, with plans to transform it into a $1.74 billion casino complex. What becomes of the Chicago…

Travel ・ 22 December 2022

BoiseDev

Casino mogul lists 11-bedroom homes for sale in Idaho's most expensive listing

Steve Wynn is known for his high-end casinos in Las Vegas. Now the founder of the eponymous casino Wynn and sister property Encore is selling a pair of Sun Valley-area homes. He bought the home just off Highway 75 north of Downtown Ketchum in 2009 for $7.5 million and went about a large-scale remodel. In addition to the main seven-bedroom house,…

Travel ・ 20 December 2022

Hospitality Net

Hard Rock® Completes Acquisition of The Mirage Hotel & Casino®

LAS VEGAS, NEV. - Hard Rock International (HRI) on Friday received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International. HRI assumed operations control of the property as of 6 a.m. Monday, December 19. Under terms of the transaction, HRI paid $1.075 billion in cash for…

Land-based ・ 20 December 2022

Vegas Slots Online

VICI Adds Two Las Vegas Casino Properties in $5.5bn Deal

In one of the biggest casino deals of 2022, VICI Properties has taken full ownership of MGM Grand Las Vegas and Mandalay Bay in a transaction valued at $5.5bn. [Image: Shutterstock.com] In what the Wall Street Journal has deemed one of the biggest US casino deals of 2022, private equity giant Blackstone is selling its 49.9% stake in MGM Grand Las…

Land-based ・ 02 December 2022

Newsbreak Original

Bristol Casino Makes 500+ Turkey Donations to Feeding Southwest Virginia for Residents

Travel ・ 23 November 2022

The Real Deal

Bally’s To Close On $200M Casino Site Purchase

Bally's is on track to close its deal to buy the Freedom Center printing plant site for its Chicago casino by Thanksgiving, and will likely pursue a ground lease with an investor to raise money for the project. The entertainment company is set to buy the 30-acre River West property from Nexstar Media Group for $200 million, the Chicago…

Travel ・ 10 November 2022

Gambling News

AGA Releases “Stop Illegal Gambling” Toolkit to Tackle Offshore Gambling

The American Gaming Association has not hidden its ambitions for cracking down on illegal and offshore gambling industries in the United States and beyond. Now, the trade body is launching a dedicated " Stop Illegal Gambling " set of tools that seeks to empower ordinary bettors and operators and help them tell the difference between licensed and…

Law ・ 16 September 2022

The Crime Report

Explosion of Online Gambling Strains Financial Crime Regulators

In the first half of the year, U.S. online sports bookmakers created an estimated $2.8 billion in revenue, containing roughly $42.5 billion in bets, according to the American Gaming Association (AGA), a trade group. However, crimes like money laundering threaten the industry. As online gambling became more regulated, it dominated the United States;…

Incidents ・ 29 August 2022

Card Player

Macau Casinos Win Just $49 Million From Gamblers In July

Macau casinos collectively just had their worst month ever on the books. According to figures from the local government in the special administrative region of China, Macau casino win was $49 million in July, the worst performance ever over a single month. Macau began casino gambling reporting in 2009. The $49 million haul in July was down 98%…

Covid ・ 11 August 2022

PYMNTS

Taken a Beating on Bitcoin? Try a Trip to Vegas

What's highly resistant to 40-year high inflation and malingering COVID-19 (and now monkey pox) fears? The idea of winning money, of course, explaining the 2022 boom in casino gambling. With cryptocurrencies in tatters after months of hammering by pessimists (and possibly realists), those who bet big on bitcoin have watched those wagers weaken from…

Crypto ・ 06 August 2022

Greensboro News And Record

Wall Street Journal: Families of Haley, Clyburn got North Carolina casino shares

The husband of former South Carolina Gov. Nikki Haley and brother of U.S. Rep. Jim Clyburn were given shares of a company that leased slot machines to a North Carolina tribal casino that needed political help to open last year, The Wall Street Journal reported. Clyburn's brother and a spokesperson for Michael Haley both said the men provided…

Politics ・ 03 August 2022

Spectrum News

5 things to know: Investigation delays new Catawba casino

KINGS MOUNTAIN, N.C. - Construction on a new casino outside Charlotte could be delayed as federal investigators look into who is benefiting from the Catawba Two Kings Casino. The people benefiting include the brother of South Carolina Congressman James Clyburn and the husband of former South Carolina Gov. Nikki Haley, the Wall Street Journal…

Incidents ・ 03 August 2022

Yogonet

The Cosmopolitan of Las Vegas is real estate’s "most profitable single asset sale ever" for Blackstone

The transaction that saw Blackstone sell The Cosmopolitan of Las Vegas for $5.65 billion was the " most profitable single asset sale ever " for the company's real estate business, Blackstone said in an earnings report Thursday. The high-priced transaction included a $1.625 billion lease-back deal for MGM Resorts International to acquire its…

Land-based ・ 26 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

Proactive

Casino Stocks, Oil Prices Tumble On China Lockdowns

Oil futures and casino stocks sank Monday on fresh Covid-19 news out of China. Natural gas prices bolted on the scheduled shutdown of the Nord Stream pipeline, cutting Russia's gas supply to Germany, amid already sky-high demand and tight supply. On Monday morning, Macau - an administrative region in China and the world's largest gambling hub -…

Covid ・ 11 July 2022

Review Journal

Steve Wynn sells Las Vegas mansion to Simon Dolan for $17.5M

A British businessman who made headlines for challenging the U.K. government in court over the country's pandemic lockdowns has bought billionaire Steve Wynn's Las Vegas mansion. Simon Dolan confirmed to the Review-Journal on Wednesday that he purchased the former casino developer's 15000-square-foot Summerlin estate for $17.5 million. Wynn, who…

Travel ・ 03 June 2022

News BTC

5 Ways that Blockchain is Reshaping the Betting Business

If there's one takeaway that society has gained from the betting industry, it's that traditional casinos are not designed to favor the bettor-the house always ends up winning. At the end of the day, a casino is simply a business, and like any other business, it is designed to ensure profitability. The reality is, traditional casinos have a slew…

Crypto ・ 02 June 2022

PYMNTS

Bet There'll Be Fewer Online Casinos Next Year?

Pimlico Race Course. The name conjures greats of horse racing that have thundered down its track over the decades - Man o' War, Seabiscuit, Secretariat - and, as the 2022 Preakness is run this weekend at Baltimore's iconic course, sports wagering is on the table as never before. As step two in the tripartite title known as the Triple Crown, awarded…

Sports ・ 21 May 2022

Vegas Slots Online

Barry Diller Only Receives Two-Year Nevada Casino License

Billionaire Barry Diller has received a two-year casino license in Nevada, pending the outcome of an insider trading investigation. The Nevada Gaming Commission (NGC) announced its decision to limit the license of the major MGM Resorts International shareholder on Thursday. Diller is currently under investigation by the Justice Department and the…

Land-based ・ 20 May 2022

Giz China

After a global outage, Microsoft's Xbox Gaming service is back online

Today, due to the Xbox network failure, a large number of users reported that they encountered network interruption problems. The issues vary from the inability to access Cloud Gaming, to subscriptions or purchase issues. These malfunctions were persistent on the Xbox game console. Microsoft has confirmed that the platform is having some issues…

Innovation ・ 07 May 2022

Construction Dive

Caesars taps Whiting-Turner for $500M Virginia casino

Site work on the project has begun, with a goal of opening in the second half of 2023. The new casino will include, according to the release: A World Series of Poker room. 40000 square feet of meeting and convention space. An entertainment venue that can hold 2500 guests. Restaurants and bars. A spa. A pool. A fitness center. The project follows…

Covid ・ 28 April 2022

Seeking Alpha

Las Vegas Sands A Buy On China Reevaluating Policies (NYSE:LVS)

Uncertainty almost always creates volatility in markets. When traders and investors don't have a clear picture of what a company's earnings will look like, usually even the slightest news story can move the company or sector the company is in significantly. There is significant near-term uncertainty in the Chinese gambling sector in Macau right…

Covid ・ 18 March 2022

The West News

iGaming industry shifting focus to mobile platforms

Last year, as the COVID-19 pandemic advanced across the country, resulting in city lockdowns, gambling, one of America's favorite pastimes, was severely disrupted by the pandemic, with conventional brick-and-mortar casinos and other gambling establishments having to close. According to the Wall Street Journal, online casinos were able to thrive…

Industry ・ 17 March 2022

Sports Business Journal

Peacock, MLB finalizing deal for new Sunday slot

NBCUniversal's Peacock is "finalizing a deal" with MLB for "exclusive rights to stream games in a new Sunday time slot." The deal would involve a "package of 18 games, some beginning" at 11:30am ET and others "just after noon." That would "limit the conflict" with Sunday games that typically start at 1:00pm, making the telecasts "more valuable for…

Sports ・ 13 March 2022

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 ・ 09 March 2022

Gambling Insider

Circa Resort becomes first Vegas casino to dabble in utility NFT artwork

Circa Resort & Casino will be the first such venue in Las Vegas to feature a collection of utility non-fungible token (NFT) artwork. Vegas Vickie, a famous neon sign of a 20-ft cowgirl, originally unveiled in 1980, has been made into a portrait by Jason "Borbay" Borbet. This portrait serves as the foundation of the NFT, which can be accessed…

Crypto ・ 03 March 2022

Online Poker Report

When It Comes To Casino Games, Will Wonder Beat Science?

The rate at which major brand names have been changing can be a little dizzying at times. The latest such announcement has some scratching their heads in wonder, but we'll try to shed a little light on the situation. Scientific Games, as a name, has been around for nearly a half-century. The original company by that name went into business in 1973…

Games ・ 02 March 2022

Casino City Times

Seminole Hard Rock named top “Employer of Choice” in gaming industry

Gaming News 20 February 2022 (PRESS RELEASE) -- For the second year in a row, casino gaming industry executives have voted Seminole Hard Rock as the top "Employer of Choice" among brick and mortar casino gaming industry companies, according to results of the latest Casino Gaming Executive Satisfaction Survey, which rated 34 casino companies or…

Industry ・ 20 February 2022

BusinessMole

the mobster that brought us the Las Vegas Strip

The Las Vegas Strip wasn't always bright lights and big dreams, in fact, some of the biggest casinos were opened by The Mob in an attempt to harvest an income. In the modern day, online casino sites fill their players' screens with bright lights and flashing images in an attempt to recreate the fast-paced lifestyle the Strip now stands for, and…

Land-based ・ 12 January 2022

Yogonet

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty

Casinos in Macau, the world's biggest gaming hub, now face uncertainty amid COVID-19 restrictions and an ongoing Chinese government crackdown on the profitable junket business. The enclave, which heavily relied on this market -by arranging transportation, accommodation and credit to gamble for VIP clients-, now looks to everyday gamblers for relief…

Finance ・ 24 December 2021

Inside Nova

Hard Rock Kicks Off Construction Plans for its Temporary Casino in Bristol, Virginia

HOLLYWOOD, Fla., Dec. 9, 2021 /PRNewswire/ -- Hard Rock International today announced construction plans are underway for its temporary casino in Bristol, Virginia. The development of the temporary casino strengthens Hard Rock's presence and commitment to Bristol, marking the brand's first major milestone in the city. "We've introduced the Hard…

New Year ・ 09 December 2021

WFMZ News

The Jacksons Scheduled To Perform At Multiple Hard Rock & Seminole Casino Entertainment Venues In 2022

HOLLYWOOD, Fla., Nov. 29, 2021 /PRNewswire/ -- Hard Rock International today announced that The Jacksons will perform their legendary catalogue of music in concert at multiple Hard Rock & Seminole Casino entertainment venues in 2022 and beyond. The partnership with The Jacksons will commence at four Hard Rock & Seminole Casino properties in the…

Travel ・ 30 November 2021

Global Times

Over 63,000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor

Over 63000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor Guests play slot machines on the gaming floor during the launch of full-scale sports betting at Dover Downs Hotel and Casino in Dover, Delaware, US. Photo: VCG A total of 63238 individuals in China were accused of illegally opening casinos between…

Incidents ・ 29 November 2021

Inspired Traveler

Picasso Paintings Auctioned Off by Las Vegas Casino Resort for $109 Million+ at a Sotheby’s Event

MGM Resorts has sold off 11 Picasso Paintings from their collection at a Sotheby's event on the Vegas Strip. Although the paintings fetched over $109 million in total, the auction was much more relevant than simply the funds generated. As stated by Ari Kastrati, chief hospitality officer at the MGM Resorts, the auction was simply one step in the…

Travel ・ 23 November 2021

Review Journal

Future of the Las Vegas Strip’s north edge in flux

The north edge of the Strip, for years a sleepy stretch of Las Vegas Boulevard, got a big boost of momentum this year. Resorts World Las Vegas debuted in June to an estimated crowd of 20000 visitors and 5000 VIPs. Huge crowds waited outside to get in on opening night, and the 3500-room casino resort generated nearly $15 million in revenue during…

Land-based ・ 20 October 2021

Forbes

Blackstone To Sell The Cosmopolitan Of Las Vegas For $5.65 Billion

MGM Resorts International will acquire the operations of The Cosmopolitan, the luxury casino and hotel on the Las Vegas Strip, for $1.625 billion from private equity giant Blackstone. Both MGM and Blackstone announced the deal on Monday. The private equity firm's Blackstone Real Estate Partners VII LP is selling the hotel and casino's real estate…

Covid ・ 14 October 2021

The Real Deal

Blackstone to Net $4B Profit in Sale of Vegas Casino

The Blackstone Group can head to the slots after netting a record profit for the sale of a single asset: The Cosmopolitan of Las Vegas. Blackstone has agreed to sell the Las Vegas Strip hotel and casino for more than $5.6 billion, more than three times the $1.8 billion it paid for the property seven years ago. The company stands to make almost $4.1…

Travel ・ 04 October 2021

South Jersey Observer

Hard Rock Hotel & Casino Atlantic City Announces Its 22nd Annual PINKTOBER® Campaign

Hard Rock International continues its annual campaign for PINKTOBER® as the brand comes together to support breast cancer awareness and research with limited-edition merchandise, food and beverage menu items, and local events. Throughout the month of October, Hard Rock Hotel & Casino Atlantic City will be participating in the campaign through…

Land-based ・ 04 October 2021

WFMZ News

Seminole Hard Rock Hotel & Casino Tampa Donates $500,000 to Tampa Bay Charities

TAMPA, Fla., Sept. 9, 2021 /PRNewswire/ -- Seminole Hard Rock Hotel & Casino Tampa donated a total of $500000 to a group of Tampa Bay charities today, which helped commemorate Hard Rock International's 50 anniversary. The 50 area charities receiving $10000 each during a reception inside Hard Rock Event Center included - 13 Ugly Men American Cancer…

Land-based ・ 09 September 2021

The Real Deal

Macau Casinos Suffer August Slump

Macau's casinos had an abysmal August, continuing an 18-month run of hard luck in the coastal Chinese city as the pandemic continues to impact tourism. Gross gambling revenue last month fell to $554 million, the lowest monthly total so far this year and a mere fraction of the $3 billion per month averaged recorded in 2019, according to the Wall…

Travel ・ 08 September 2021

Casino News Daily

Blackstone Reportedly Looking to Offload Strip Casino for $5bn

New York-based private equity firm Blackstone is reportedly looking to snatch $5 billion for The Cosmopolitan of Las Vegas, according to the latest round of rumors regarding the glitzy Strip property's possible sale. In an article published Friday, Bloomberg has named Apollo Global Management and MGM Resorts International as potential…

Travel ・ 06 September 2021

KPVI

Hospital Nurse Who Treats COVID Patients Wins $112,245 2022 BMW X7 As Seminole Hard Rock Tampa Celebrates Billion-Dollar Jackpot Milestone

TAMPA, Fla., Aug. 30, 2021 /PRNewswire/ -- Duane Kelloway, a Spring Hill resident and hospital nurse who treats COVID patients, won a $1122452022 BMW X7 M50i as part of a celebration of $1 billion in jackpots paid out so far in 2021 by the Seminole Hard Rock Hotel & Casino Tampa. Kelloway, 50, was playing a Double Hit progressive slot machine by…

Covid ・ 02 September 2021

Albany Herald

DANNY TYREE: NFL decision should help online gambling explode

According to the Wall Street Journal, the fledgling online gambling industry is poised to explode in popularity. This season, the NFL for the first time is permitting sports-gambling companies to advertise during games. I don't envy the precarious position the league has placed itself in. Their balancing act involves delicately rationing the number…

NFL ・ 28 August 2021

FX Street

Play the odds: Avoid gambling in rigged markets

Is America becoming a nation of gamblers? The lure of potential cash windfalls is driving rampant speculation in financial markets and record traffic to casinos. The commercial gaming industry generated a record $13.6 billion in revenues during the second quarter, according to the Las Vegas Review-Journal. Casinos in Las Vegas, Massachusetts,…

Crypto ・ 26 August 2021

Culinary Union Local

STATEMENT by Geoconda Argüello-Kline regarding Station Casinos’ publicity stunt

Bethany Khan: bkhan@culinaryunion226.org ▪ (702) 387-7088 STATEMENT by Geoconda Argüello-Kline regarding Station Casinos' publicity stunt: Station Casinos says it is organizing a manager and supervisor "protest" outside the Culinary Union this afternoon (on a Sunday at 4pm when the union is closed and no one is there) because the Culinary Union…

Covid ・ 25 August 2021

The Art Newspaper

Place your bids: Sotheby’s to auction 11 Picassos live from Bellagio in Las Vegas

Place your bids: Sotheby's will sell 11 works by Picasso from the MGM Resorts Fine Arts collection at the resort and casino Bellagio in Las Vegas this October. The entire collection, which carries a guarantee, has an estimate of $70.5m-$104.2m. The auction marks the first time Sotheby's has held a marquee, live-streamed evening sale in North…

Land-based ・ 11 August 2021

The Nevada Independent

Indy Gaming: Major Strip casino operators snubbing downtown Chicago gaming project

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 Chicago gave potential casino developers…

Sports ・ 11 August 2021

News-Gazette

Chicago's casino plan looks to be in trouble

Building a successful Chicago casino complex - at least on paper - should be a slam dunk. Even ardent opponents of legalized gambling would have to acknowledge the following: If Illinois is going to have casino gambling, the city of Chicago is the logical place to put one. It's considered a major city that draws tens of millions of visitors per…

Travel ・ 30 July 2021

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 ・ 28 July 2021