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Wynn Resorts catch $20 million fine from Nevada gaming regulators

Wynn Resorts was issued a record $20 million fine by the Nevada Gaming Commission (NGC) for its failure to adequately investigate sexual harassment claims made against its found and former CEO, Steve Wynn. The fine was a major statement by the NGC whose previous record high fine was $5.5 million issued to Cantor Gaming for…

MGM Resorts announces budget cuts and layoffs for 2020

2019 is only days old but workers at MGM Resorts are already looking forward to 2020 with a sense of dread and unease. That’s because the gaming industry giant is preparing to boost profits by as much as $300 million and that boost is going to be funded by as many as 2,000 layoffs. MGM…

November proves to be a good month for Las Vegas casinos

November 2018 was a month to be thankful for if you happen to own a Las Vegas casino. Casinos up and down the famed Las Vegas Strip reported big revenue gains for the month thanks to the surprise resurgence of baccarat as a revenue driving force. According to the latest numbers released by the Nevada…

Westgate Sports Betting SuperContest Nears Record Entries

Regulated sports betting could be giving an unexpected boost to one of America's most prestigious NFL pick contests, the Westgate SuperContest. This year's contest features more players than ever before competing for a top prize that is expected to be slightly over $1.5 million. According to reports on CalvinAyre and CBS Sports, the 2018 SuperContest…

Richard Branson Purchases Hard Rock Hotel and Casino in Las Vegas

British billionaire Richard Branson is purchasing the Hard Rock Hotel and casino in Las Vegas for an undisclosed amount of money. The purchase, which was finalized last week, represents the culmination of Branson's long-held wish to own a Las Vegas casino. Branson, who is known as an offbeat and eccentric billionaire, is planning to rebrand…

Nevada Sports Betting Fund Plagued by Complaints of Fraud

A Nevada sports betting fund is being plagued by complaints that it took clients' money and then went silent. At least two clients of Matt Stuart have already filed complaints with Nevada Secretary of State and the Attorney General with regards to his conduct while running an entity betting firm called Bettor Investments. Three more…

Gaming Industry Update: Global Gaming Expo Opening as Planned in Las Vegas

The Global Gaming Expo, the gaming industry's biggest trade show, will open as planned this week in Las Vegas. Security at the massive event will likely be tightened in the wake of the mass shooting which took place on the Vegas Strip on Sunday night. In a statement to the media on Monday morning Geoff…

Mobile Betting Will Be Available at New Las Vegas NFL Stadium

Legal mobile betting on NFL games will be a feature of life at Las Vegas Raiders Stadium, whether NFL Commissioner Roger Goodell likes it or not. Of course the League won't be endorsing the practice but, thanks to the proliferation of regulated mobile betting apps in Nevada, the wagering will happen and it will happen…

Caesars Ready to Try Out Skill-Based Gambling Machines in Vegas

What will it take for the gambling industry to connect with younger customers and insure a future that doesn't fizzle out when Baby Boomers head to the grave? If recent efforts by Caesars Entertainment and Gamblit Gaming are any indication, that effort involves skill-based gambling machines that fuse together elements of traditional slots and modern…

Nevada Casino Gaming Revenue Sees 10 Percent July Spike

July proved to be a scorching hot month for Nevada's casino and sportsbooks. The Silver State's regulated gambling industry saw a very solid 10 percent July revenue jump over the previous year's results. Casinos and sportsbooks across Nevada did land rush business built on an unusually busy month for the state's regulated sportsbooks. According to…