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Caesars Entertainment to furlough thousands as corona virus devastates economy

Caesars Entertainment is furloughing approximately 90 percent of its workforce as the corona virus crisis keeps the world's casinos shuttered. It's a brutal blow for the furloughed staff and had to be an extraordinarily difficult decision for company officials to make. But that, unfortunately, seems to be the reality of life in 2020. News of…

Nevada casinos shuttered for at least 30 days on COVID-19 concerns

Nevada Governor Steve Sisolak has ordered all of his state's non-essential businesses, including casinos, to close for at least 30 days in an attempt to halt the spread of the COVID-19 virus. This extreme, but essential action, shows exactly how seriously state and federal authorities are taking the growing worldwide pandemic. After all, before this…

How will coronavirus impact Las Vegas casinos?

As the coronavirus, aka COVID19, spreads around the globes, it's a near certainty that the casino industry will feel a significant impact. That's already happened in Macau, where casino revenues were battered by a 15-day coronavirus-related shutdown. The bad news is continuing as Las Vegas casino stocks are taking a beating over concerns that both…

OJ Simpson sues Cosmopolitan Las Vegas for discrimination

Shortly after OJ Simpson was released from prison in 2017 after serving nine years in the Nevada State Penitentiary on robbery charges he went to the Cosmopolitan Las Vegas to celebrate. But when he got to the door, the former football legend and alleged double-murderer was denied entry. According to a later TMZ gossip report,…

Nevada sports betting hits November record

November 2019 was a record setting month for sports betting in the state of Nevada. The rest of the Silver State's gambling business, however, did not do so well, especially the always mercurial baccarat sector. Is this a sign that sports betting really is the savior of the American gambling business? If it's the savior,…

Gaming Control Board set to pull Steve Wynn's gaming license

The Nevada Gaming Control Board (NGCB) is making moves to strip casino mogul Steve Wynn of his coveted Nevada gaming license. It's an action that comes years after allegations of extreme sexual harassment by former Wynn employees. The move is victory for those who demand accountability for sexual misconduct in the workplace, but marks the…

Adelson sued for trying to squash Las Vegas news competition

Casino magnate and political meddler Sheldon Adelson has never been happy with merely enjoying his successful business on the Las Vegas Strip. While the Palazzo is a beautiful place that spews money like a fountain, Adelson's real passion is meddling in national and international politics. To help serve that end, he owns several newspapers in…

Trump's trade war with China takes its toll on casino construction

In the mind's eye, the glimmering casinos of the Las Vegas seem like the last places on earth that would be impacted by US President Donald Trump's trade war with China, but that's not exactly the case. Casino construction and remodeling, it turns out, is heavily reliant on steel beams. Most steel, it also turns…

Nevada does Atlantic City impression with falling casino revenue

Las Vegas casinos have always been the bulwark of the American casino industry. They've thrived in good times and bad. During recessions and booms the casinos of the Vegas Strip were a reliable source of revenue for their owners. But something very unusual has been happening in Sin City over the last four months, revenue…

Professional sports leagues using mob techniques on Las Vegas sportsbooks

For many decades, the existence of regulated sports betting in Las Vegas was used as a reason to prevent the city of Las Vegas from having any professional sports teams. Having a team in a town that offered gambling would simply be too enticing to organized crime, which would almost certainly use their influence to…