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…
Nevada gaming revenues topped $1 billion in May, thanks to a big boost from the Mayweather-Pacquio fight and increased action on slot machines and table games. The final number for May came in at $1.003 billion when the month was done. That's a 3.3% increase over the same period last year, which is even better…
The days of gambling on massive casino floors on the Las Vegas Strip may be coming to an end, and that could be great news for gambling affiliates. So why is it that the age of the mega-casino is coming to a close? In a recent interview with the Las Vegas Review-Journal, MGM Resorts International…
Between Google penalties, legislative changes and negative press, it’s tough for fresh brands to make a splash in the casino affiliate space. In spite of these obstacles, Right Casino Media (RCM) has embarked on a new venture, applying a market comparison model to online gambling. Company Director David Merry explains… It’s no secret that the…
PlayStudios is beefing up its popular myVegas social gaming suite with the addition of myVegas Slots for mobile users. myVegas Slots is available for Android and iOS users and is linked to real life rewards that can be redeemed at popular Las Vegas hotels and casinos such as the MGM Hotel & Casino and the…
[caption id="attachment_32624" align="alignright" width="267" caption="Nevada Governor Brian Sandoval"][/caption] The State of Nevada took a giant leap forward in the online poker race today when Governor Brian Sandoval signed an interstate online poker bill into law. Assembly Bill 44 was fast tracked through the legislative process and received unanimous approval in a joint session of the…
[caption id="attachment_32114" align="alignright" width="300" caption="On land and online William Hill is booming."][/caption] William Hill reported double digit revenue growth in 2012 thanks to a strong performance from their online division. According to a recently released earnings report, the company's profits were a whopping $512 million, up from $432 million at this time last year. The…
[caption id="attachment_31520" align="alignright" width="266" caption="Nevada Gaming Control Chair, A.G. Burnett"][/caption] With one eye on the future, the Nevada state legislature is considering a bill allowing the state to enter into interstate online poker compacts. Lawmakers and Gaming Control officials stated a lack of Federal legislation as their main motivation for the change, but there's clearly…
[caption id="attachment_30576" align="alignright" width="261" caption="Zynga CEO Mark Pincus"][/caption] Zynga is a step closer to real-money gambling in the United States after filing an application for a Preliminary Finding of Suitability from the Nevada Gaming Control Board. The Preliminary Finding of Suitability is the first step in a licensing process that can take as long as…
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