Jeju Shinhwa World first quarter revenue nears HK$1 billion after casino moveInside Asian Gaming · April 25, 2018 at 10:36 pmHong Kong-listed Landing International Development Limited has announced unaudited revenue of HK$970 million at its Korean integrated resort Jeju Shinhwa World in 1Q18, including HK$650 million from the recently relocated Landing Casino. In a filing to the Hong Kong Stock… [continue reading]
Horseshoe casino renovation plans could benefit southern Indiana businessCaray Grace, WLKY-CBS Louisville · April 25, 2018 at 10:36 pmThe days of gambling on the boat will soon be over. Horseshoe Southern Indiana Casino leaders hope moving their gaming floor onto land will give guests a fresh, new, and modern experience. The 100,000 square-foot gaming floor on the Horseshoe… [continue reading]
Will Wynn blink first in its showdown over the Everett casino?Shirley Leung, Boston Globe · April 25, 2018 at 10:34 pmA high-stakes game of chicken is being played out in Everett, and the newly expanded board of Wynn Resorts may be the key to the fate of the $2.5 billion project. On one side is the Wynn Resorts executive team,… [continue reading]
Georgia Swarm, Harrah’s Cherokee Casinos renew dealCherokee One Feather · April 25, 2018 at 10:31 pmThe 2017 National Lacrosse League World Champion Georgia Swarm announced on Wednesday, April 25 that Harrah’s Cherokee Casinos and the Eastern Band of Cherokee Indians has renewed their co-presenting sponsorship of the Swarm for the next three seasons. The three-year… [continue reading]
Casinos + Families – Trump. The perfect equation to save Atlantic City?Steve Strunsky, NJ Advance Media · April 25, 2018 at 10:29 pmBelmar’s Matt Doherty said goodbye to Borough Hall this month, resigning as mayor this month to become the governor’s top development official in a bigger beach town 60 exits farther down the Garden State Parkway, effective July 1. In March,… [continue reading]
‘60 Minutes’ segment causes dip in Allegiant businessEli Segall, Las Vegas Review-Journal · April 25, 2018 at 10:27 pmAllegiant Air on Wednesday said a “60 Minutes” segment that questioned its safety record caused fliers to steer clear, but added business is returning to normal. Since the segment aired April 15, the Las Vegas-based airline “experienced cancellations and a… [continue reading]
Florida legislators can’t agree, will let voters decide who can OK more gamblingMary Ellen Klas, Miami Herald · April 25, 2018 at 10:22 pmFlorida legislators are going to leave the question of whether to expand gambling up to voters in November. After weeks of backroom diplomacy, legislative leaders announced Wednesday they couldn’t agree on how to update gambling laws and therefore won’t hold… [continue reading]
GLPI reports first quarter increases in net income, revenueCDC Gaming Reports · April 25, 2018 at 10:15 pmGaming and Leisure Properties, the casino industry’s largest real estate investment trust, reported increases in first-quarter funds from its operations and revenue compared with a year earlier. In a statement, the Wyomissing, Pa.,-based company said funds from operations, which takes net… [continue reading]
G2E Asia Awards attracts 277 public nominationsInside Asian Gaming · April 25, 2018 at 10:07 pmInside Asian Gaming and G2E Asia, co-organizers of the inaugural official G2E Asia Awards, have announced that a total of 277 public nominations have been received for the 12 award categories after nominations closed on Tuesday. The overwhelming response represents… [continue reading]
Las Vegas Sands has strong 1Q growth in Macau, SingaporeGGRAsia · April 25, 2018 at 10:06 pmU.S.-based casino operator Las Vegas Sands Corp reported a 201.6-percent jump in company-wide first quarter profit, on strong year-on-year performance from its Asia operations. In a conference call following the results, the group’s management said it had plans to double… [continue reading]
Financial Analysis: How Much Will Connecticut Benefit From Sports Betting?Jill R. Dorson, SportsHandle · April 25, 2018 at 9:57 pmDespite a feeling that a Connecticut sports betting law won’t reach completion during this legislative session, one bill on the table, SB 540, continues to move through the process of getting to the Senate floor. Earlier this week, the bill,… [continue reading]
Strong results across all markets spark profit rise for Las Vegas SandsCDC Gaming Reports · April 25, 2018 at 9:56 pmFueled by results in its Macau, Singapore and Las Vegas markets, Las Vegas Sands Corp. on Tuesday posted increases in first-quarter earnings and revenue compared with a year earlier. In a statement, the Las Vegas company said it earned $1.4… [continue reading]
After-tax gain lifts quarterly profits for Churchill DownsCDC Newswire · April 25, 2018 at 9:46 pmA large after-tax gain from the sale of the Big Fish mobile game company fueled a surge in first-quarter income for Kentucky-based racetrack operator Churchill Downs Inc. In a statement, the company said it had net income of $182 million,… [continue reading]
Live entertainment driving younger audience to casino properties and increasing revenueBuck Wargo, CDC Gaming Reports · April 25, 2018 at 9:01 pmBrittney Spears’ final show on New Year’s Eve to wrap a four-year run in Las Vegas earned $1.14 million in gross revenue, the highest in the city’s history for any residency, according to Caesars Entertainment. During a UNLV-sponsored seminar Tuesday… [continue reading]
Gary Platt Manufacturing Names Joe Esposito CEOCDC Newswire · April 25, 2018 at 8:09 pmGary Platt Manufacturing has named Joe Esposito as the company’s CEO. The company has shown tremendous growth over the past three years, and as CEO, Esposito will leverage his experience to further drive sales growth, operational improvements, and diversification of… [continue reading]
AGA State Stakeholders Summit highlights Industry Partnership with Policymakers on Legalized, Regulated Sports BettingAmerican Gaming Association · April 25, 2018 at 5:15 pmThe American Gaming Association (AGA) Tuesday held its first ever State Stakeholders Summit, convening industry experts and invested stakeholders to drive the evolving national debate on expanding legalized, regulated sports betting. Held at the Hall of States, the event focused… [continue reading]
Folded: Florida legislators say no deal on special sessionAssociated Press · April 25, 2018 at 4:50 pmTALLAHASSEE, Fla. (AP) – Florida legislators have failed yet again to reach a long-sought-after agreement on gambling. Senate President Joe Negron announced Wednesday legislators will not be holding a special session this year on gambling. Last month, top Republicans started… [continue reading]
The Hidden Hand of a Casino Company in Trump’s Contact with VietnamJustin Elliott, Pro Publica · April 25, 2018 at 3:51 pmOn Dec. 14, 2016, one month after his election, President-elect Donald Trump had a call with the prime minister of Vietnam. At a time when foreign governments were scrambling to contact Trump, the conversation was a victory for the Vietnamese…. [continue reading]
Experts say esports betting expected to surpass $6 billion in 2018Todd Quinones, KTNV-TV · April 25, 2018 at 2:39 pmEsports is breaking yet another major barrier in the Las Vegas valley. Not only are fans able to watch major events in the new Esports Arena, but they can now bet on video games. “As far as I’m aware Nevada… [continue reading]
There’s a troubling relationship between the rise in online betting and mobile money’s growthVictor Odundo Owuor, Quartz · April 25, 2018 at 2:37 pmThe growth in mobile money services has created new opportunities for merchants to sell their products and services. One of these is the fast-growing sports betting sector which has taken a number of African countries by storm. What’s further spurred… [continue reading]
New Jersey Casinos, Racetracks Hope Supreme Court Will Roll The Dice On Sports BettingCBS New York · April 25, 2018 at 2:07 pmTRENTON, N.J. (CBSNewYork) – It’s a waiting game in New Jersey as the Supreme Court considers legalizing sports betting in the Garden State. Gov. Phil Murphy says the state is prepared if the court gives the green light. As CBS2’s… [continue reading]
Ocean Resort Casino aiming for June 28 opening, same day as Hard RockDavid Danzis, Press of Atlantic City · April 25, 2018 at 2:05 pmATLANTIC CITY — Ocean Resort Casino is aiming for a June 28 grand opening, the same date as Hard Rock Hotel & Casino, according to several new hires and signed employment agreements. Officials with the resort would neither confirm nor… [continue reading]
Video game loot boxes are now considered criminal gambling in BelgiumKyle Orland, Ars Technica · April 25, 2018 at 2:03 pmThe Belgian Gaming Commission has determined that randomized loot boxes in at least three games count as “games of chance,” and publishers could therefore be subject to fines and prison sentences under the country’s gaming legislation. A statement by Belgian… [continue reading]
Ridership, revenue dropping fast for Las Vegas taxicabsArt Marroquin, Las Vegas Review-Journal · April 25, 2018 at 1:50 pmSouthern Nevada’s taxicab companies continued to report severe declines in ridership and revenue last month, according to figures released Tuesday. More than 1.73 million taxi trips were reported in March, a 14.8 percent drop from the same period in 2017,… [continue reading]
Las Vegas Strip barrier project going back out to bidMichael Scott Davidson, Las Vegas Review-Journal · April 25, 2018 at 1:39 pmClark County is putting a Las Vegas Strip safety project back out to bid following a complaint about how workers the project’s first phase were paid. Muller Construction came under fire this year about how it calculated wages for employees… [continue reading]
