Wayne Parry, Associated Press · May 7, 2021 at 7:58 pm
ATLANTIC CITY, N.J. (AP) - Atlantic City's top casino has dropped its lawsuit against a rival it accused of poaching key executives and attempting to steal valuable trade secrets.
MGM Resorts International, which owns the Borgata, said in a statement Friday it has dropped its litigation against Atlantic City's Ocean Casino Resort, following a settlement agreed to by both parties.
A court … [Read more...]
Howard Stutz, CDC Gaming Reports · May 7, 2021 at 4:08 pm
Nevada gaming regulators have postponed a workshop hearing for next week on a potential move for the state to offer full online casino gaming and change the rules requiring in-person registration for mobile betting accounts.
In a brief statement released late Thursday, the Gaming Control Board decided to wait until after the state legislature adjourns in June before holding the workshop, the … [Read more...]
Matthew Crowley, CDC Gaming Reports · May 7, 2021 at 4:07 pm
Increases in casino and slot route earnings helped Golden Entertainment post a 15.7% first-quarter revenue increase as Las Vegas-based company rebounded from losses a year ago when its entire portfolio in three states closed due to the pandemic.
Golden, which operates 10 hotel-casinos in Southern Nevada and Maryland and slot machine routes in Nevada and Montana, said Thursday occupancy in Las … [Read more...]
CDC Gaming Reports · May 7, 2021 at 4:05 pm
According to figures released by the Iowa Racing and Gaming Commission, Iowa casinos raked in $160.5 million in gaming revenue in April, an increase of 30% over April 2019’s $123.4 million*.
Statewide, slot revenue dramatically increased 32% to $145.4 million. Table game revenue posted a smaller increase of 14% to $15.1 million.
Sports betting reached a handle of $118 million with online … [Read more...]
Dan Carden, Northwest Indiana Times · May 7, 2021 at 4:04 pm
The Indiana Gaming Commission is urging a Marion County court to reject a lawsuit challenging new integrity rules for privately owned casino companies filed last month by seven of the 18 known investors in the parent company of the Hard Rock Casino in Gary.
In a court filing, the IGC claims under state law it has a duty to maintain public confidence and trust in the state's gaming industry by … [Read more...]
Katherine Gregg, The Providence Journal · May 7, 2021 at 4:01 pm
A reworked 20-year no-bid Lottery deal for IGT and its new partner in Rhode Island's gambling world won the approval of a key House committee on Thursday, after a tough year that has led the House GOP leader to question whether R.I. should rethink the numbers.
The Finance Committee approved the deal on a 10-2 vote.
The bill obligates the IGT-led partnership to 1,100-plus jobs in Rhode Island … [Read more...]
Renzo Downey, Florida Politics · May 7, 2021 at 3:50 pm
Ahead of an upcoming Special Session, members of the gaming industry are sending a package of recommendations to offices of the Governor, Senate President and House Speaker.
Lawmakers expect to debate proposed amendments to four bills (HB 7053/SB 7076 & HB 7055/SB 7080) that leadership tabled last month after Gov. Ron DeSantis signed a new Seminole Tribe Compact. A coalition of some of the … [Read more...]
Signa McAdams, Wyoming Public Media · May 7, 2021 at 3:45 pm
The Shoshone Rose Casino and Hotel near Lander is reopening. After over 400 days of being closed due to the COVID-19 pandemic, Casino Marketing and Hospitality manager Jamie Williams says they are ready to welcome patrons back.
Williams said, although it's been a lot of work, they are ready to welcome patrons back at full capacity.
"So there is a tribal community celebration on Thursday, May … [Read more...]
CDC Newswire · May 7, 2021 at 8:26 am
International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its high-performing, previously lease-only, PeakSlant49™ cabinet is now available for purchase throughout the U.S. This move gives casino operators across the U.S. the opportunity to own the PeakSlant49 cabinet and offer IGT's Proven Performer core games on dazzling, premium-caliber hardware.
"We're excited to … [Read more...]
CDC Gaming Reports · May 7, 2021 at 8:23 am
RENO, NV – Monarch Casino and Resort will be ringing the Nasdaq opening bell Monday in a virtual event that will be streamed online and on the Nasdaq Tower.
The bell-ringing ceremony will give Monarch the opportunity to showcase the company's all-time high net revenue of $75 million for the first quarter of 2021, a 46.9% increase from the first quarter of 2020.
“Our overall first-quarter … [Read more...]
Howard Stutz, CDC Gaming Reports · May 7, 2021 at 8:01 am
Resorts World Las Vegas announced a deal Thursday with Gemini, a cryptocurrency exchange company operated by the Winklevoss twins, that would allow customers to utilize the product at the $4.3 billion Strip resort.
Despite a statement in the announcement that said Gemini and Resorts World would pursue creation and implementation of crypto-friendly services “across all areas of the integrated … [Read more...]
Anthony Crupi, Sportico · May 7, 2021 at 7:37 am
If much of the early chatter regarding legalized gambling’s effect on the U.S. sports industry is informed by a sort of technocratic wishful thinking—until the live-streaming experience earns its prefix, in-game betting remains a hyped-up hypothetical—the emerging segment already looks like a winner for local TV.
According to Nielsen ad-spend data, online sportsbooks and gambling sites in the … [Read more...]
Howard Stutz, CDC Gaming Reports · May 7, 2021 at 7:04 am
AGS CEO David Lopez said Thursday the gaming equipment provider experienced a first-hand understanding of the pent-up demand phenomena that casino operators have been accounting for in their first-quarter results.
The Las Vegas-based company saw a 1.9% increase in total revenue for the quarter that ended March 31 to nearly $55.4 million. Of that total, $44.4 million was attributed to the … [Read more...]
Jackie Bryant, Voice of San Diego · May 7, 2021 at 6:31 am
Though 2020 and the pandemic brought massive disruptions to casinos and businesses of all kinds, for the Sycuan Resort & Casino, 2019 was full of major shifts, too. That year, the resort completed a $260 million renovation, and in a development that’s largely flown under the radar, its employees began attempting to form a union.
Since then, the pandemic and a legal battle have slowed down … [Read more...]
Peter Lynch, Gambling Insider · May 7, 2021 at 2:00 am
Football Index has released a statement regarding the distribution of the money that may still be owed to participants, two months after the operator entered administration.
The company suspended business in March 2020 following a huge exodus of customers and investors, as a result of its decision to cut dividends on players from 14p to 3p. Many customers lost thousands of pounds overnight as a … [Read more...]
Nosa Omoigui, iGaming Business · May 7, 2021 at 1:30 am
The supervisory board of the Dutch Lottery has appointed Alexander Pechtold as its new chairman.
Pechtold, who is currently serving as general director at the central bureau for driving licenses, takes on the role. Prior to that position, he had a long political career, including serving as Parliamentary Leader from 2006 to 2018.
He succeeds Jan Loorbach in the role after his time in office … [Read more...]
Ted Menmuir, SBC News · May 7, 2021 at 1:00 am
Grupo Codere SA is caught up in a further investor dispute, after the company’s founding Martinez Sampedro family demanded that their minority shareholding be acquired by the firm’s remaining US investors.
The Martinez Sampedro family have filed an appeal with Spain’s National Securities Market Commission (CNMV), urging the regulator to demand that US investors acquire the family’s 14% stake in … [Read more...]
Brandy McGill, WLOX-TV · May 6, 2021 at 11:00 pm
The Southern Gaming Summit brought in a large crowd to Beau Rivage Tuesday after missing last year due to COVID-19. Tuesday was day two of the three-day event that brought gaming leaders together, like Hard Rock international chief Jon Lucas, to discuss what’s next after COVID.
“The shutdown was certainly impactful and the opening with all the restrictions that we had it made it a little … [Read more...]
Colin A. Young, State House News Service · May 6, 2021 at 10:45 pm
The calls for poker to return to Massachusetts casinos are growing louder now that Gov. Charlie Baker has outlined a timeline for a complete economic reopening and as the Gaming Commission undertakes its own effort to prepare for fewer COVID-19 restrictions.
The state’s slots parlor and casinos have been operating since July under Gaming Commission rules that cap occupancy (currently at no more … [Read more...]
Lanie Davis, Star-Tribune · May 6, 2021 at 10:30 pm
In their meeting Tuesday evening, Danville City Council approved the addition of a C-E casino entertainment zoning district by amending Chapter 41 of the Danville City Code to allow for the future Caesars casino at the former Dan River Mills Schoolfield site.
The new district in article 3.V outlines the zoning district purpose, permitted uses, uses permitted by special use permit, lot size … [Read more...]
Derek Helling, The Lines · May 6, 2021 at 10:15 pm
If you live or work in close proximity to Nationals Park in Washington DC, your location is about to get a little more coveted. The BetMGM Washington DC app should be available for online sports betting in the nation’s capital soon.
Users anticipating this should note that in compliance with D.C. law, they’ll have to be within a geofenced location around the stadium to place their bets. Still, … [Read more...]
Jeannie Roberts, Arkansas Democrat-Gazette · May 6, 2021 at 10:00 pm
A Pulaski County circuit judge will not provide remote video access to -- and has barred the media and the public from physically attending -- a Friday court hearing concerning the Pope County casino license.
Attempts over three days by the Arkansas Democrat-Gazette to reach Circuit Judge Tim Fox have been unsuccessful.
His trial court administrator, Christie Greer, called Wednesday … [Read more...]
Jeremy M. Lazarus, Richmond Free Press · May 6, 2021 at 9:45 pm
Dennis Cotto has spent much of his adult life fighting legal battles.
So the attorney from Northern Virginia is ready, willing and able to mount a legal challenge to Richmond City Hall over its casino selection process, most notably the city’s insistence that state and city procurement laws do not apply in this case.
Mr. Cotto, who spearheaded the bid from the Golden Nugget Hotel and Casinos … [Read more...]
Matthew Crowley, CDC Gaming Reports · May 6, 2021 at 9:42 pm
Everi Holdings highlighted its improving business with casinos gradually emerging from the coronavirus pandemic’s long shadow.
But the Las Vegas-based gaming equipment and cash access provider also discussed governance during its first-quarter earnings call on Wednesday.
With Miles Kilburn’s pending retirement as board chairman, Michael Rumbolz will take the chairman’s post while continuing … [Read more...]
Richard N. Velotta, Las Vegas Review-Journal · May 6, 2021 at 9:15 pm
London-based Entain PLC, a British sports wagering company partnering with MGM Resorts International’s BetMGM unit, has been recommended for temporary licensing, failing to land the permanent Nevada sportsbook license it sought.
The unanimous recommendation goes to the Nevada Gaming Commission for consideration on May 20, but Entain faces an uphill battle to convince commissioners to give it … [Read more...]
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