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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…

Connecticut tribal sports betting battle heats up

Should tribal gaming interests have an exclusive lock on sports betting and online gambling in Connecticut? That's a question that Connecticut lawmakers and the Mohegan tribe are hashing out in a battle that's questioned the once unquestionable exclusivity of the Mohegan's gambling domain in the state. At the core of the issue is the question…

Oregon Lottery sports betting app posts huge losses

Regulated sports betting in the United States is an increasingly attractive option for state governments that are looking to boost their tax revenues. That idea seems to be working in places like New Jersey, but that's definitely not the case in Oregon. For the fiscal year ending June 30 Scoreboard, the state's regulated sports betting…