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…
If you think that sports betting and the Summer Olympic Games in Rio de Janeiro are a perfect fit, you might want to have a chat with owners and operators of Nevada's legal sports books. The purveyors of Sin City sports betting offered action on the games for the first time in more than 15…
Las Vegas has finally landed its own professional sports team and reactions to the big event are range between, "Yeeehaaa!," and, "Hey, what about me?". And though it might seem insignificant today, Las Vegas' new NHL franchise could be a tipping point in America's endless discussion over regulated sports betting. Late last week, the NHL…
The sands of the US land-based casino industry are ever-shifting as new markets emerge and player habits change. In recent months, that's meant that casino revenues are up in Las Vegas and Pennsylvania, while Atlantic City continues bleed. Here's a quick look at what's happening in America's three biggest gambling markets. Las Vegas Rising Las…
Nevada Gaming Commissioner Michonne Ascuaga resigned her position this week after coming under investigation by the Feds for running afoul of anti-money laundering regulations. The investigation focuses on Ascuaga's 16-year tenure as the CEO of the Sparks Nugget in Reno. It's worth noting that the casino, not Ascuaga, were named in the investigation by the…
Earlier this week, an unnamed buyer purchased the Las Vegas Review-Journal, Nevada's largest daily newspaper, for an astonishing $140 million. That may not sound like a story that impacts the igaming world, but it's much more important than you might think. The Review-Journal sale is particularly puzzling for a number of reasons, not the least…
Nevada gaming revenues took a 2.9% dip in the month of October in, yet another, indication of the volatility of the worldwide casino gambling market. But, as is so often the case, there was a sprinkling of good news mixed in with the dismal monthly results. According to numbers just released by the Nevada Gaming…
Gaming revenue in Macau was down for the month of September while revenue on the Las Vegas Strip recorded a slight uptick. It turns out that both of these numbers are being influenced by the same source...Mainland China. On the island of Macau, the revenue slump that just won't end has now reached its 17…
Gaming revenue at casinos on the Las Vegas Strip was down a whopping 8% in June based on lousy numbers from the Strips's vaunted baccarat parlors. The baccarat slump brought down revenue for the fiscal year down 1.6 , according to numbers released by the Nevada Gaming Commission and reported on by the Las Vegas…
Caesars Entertainment Corporation stock took a massive plunge this week after a judge's decision to allow creditor lawsuits against the casino operator to proceed. At one point during trading on Wednesday, when the decision was announced, Caesars stock plummeted a whopping 60% to just $3.30. By the end of trading, the company's stock was back…
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