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Casino, Gaming and Hotel Stocks

Markets/Trades

October 21, 2025

New York, USA and Sin City Las Vegas

MGM Resorts International $32.90 +1.03 +3.23%

Wynn Resorts Ltd $121.13 -0.81 -0.66%

Las Vegas Sands $50.62 +0.89 +1.79%

Boyd Gaming Corporation $83.38 +0.67 +0.81%

Caesars Entertainment, Inc. $22.69 +0.49 +2.21%

Red Rock Resorts, Inc. $60.12 +0.69 +1.16%

Hilton Grand Vacations Inc. $43.78 +1.01 +2.36%

PENN Entertainment, Inc. $17.46 +0.44 +2.59%

Light & Wonder, Inc. $74.94 +1.25 +1.70%

News Bonus

NVIDIA Corporation (NVDA) $181.16 -1.48 -0.81%

News

Will Las Vegas be awarded another Super Bowl this week?

Nevada (Las Vegas)

Las Vegas could learn this week whether it will be named the host city for the 2029 Super Bowl when NFL owners hold their fall meetings. Future Super Bowl sites will be a topic of discussion, but whether those talks result in a decision remains to be seen. What’s known is that the NFL and Las Vegas recently began exclusive negotiations for hosting duties for Super Bowl 63 in 2029 at Allegiant Stadium. The Las Vegas Convention and Visitors Authority has formally submitted Las Vegas’ bid, and the NFL is reviewing the package, according to a person with knowledge of the situation.

News

Analyst predicts 2026 comeback for Las Vegas

Nevada (Las Vegas)
Weakness in Las Vegas will continue through the third quarter, but the fourth quarter "could be better" ...Truist Securities

“In the current environment, we don’t expect many earnings surprises, but continue to favor companies with best-in-class assets.”

Citing: Monarch Casinos, Churchill Downs, and Station Casinos. Jonas also liked real estate investment trusts (REITs) and digital B2B firms, lauding their safety, earnings growth, and cash flow.

News

Green Valley Ranch Resort unveils new logo to coincide with renovations

Nevada (Las Vegas)
Green Valley Ranch Resort in Henderson has unveiled a new logo, timed to coincide with property-wide renovations. Parent company Station Casinos says the "refreshed identity" is meant to reflect the resort's transformation and the guest experience. That includes a monogram that blends the initials G-V-R into a shorthand. "As Green Valley Ranch approaches its 25th anniversary, this was the perfect moment to step back and celebrate our journey while looking ahead to the future," Ken Janssen, the resort's vice president and general manager, said. “The refreshed logo reflects the on-going $200 million transformation of the property in terms of being contemporary in design."

News

Major film studios could be here if some unions have their way

Nevada (Las Vegas)
Movies like “The Hangover” and “Ocean's Eleven” piqued interest in the Las Vegas Strip long ago. But now Nevada labor unions hoping to boost jobs and tourism are pushing state officials to offer tax credits aimed at bringing more Hollywood filmmaking to the state. The effort to offer up to $95 million in tax credits to Sony Pictures Entertainment and Warner Bros. Discovery for a new film production facility in the Vegas suburbs didn't win enough legislative support earlier this year. But more than a dozen labor unions are pushing to revive the proposal during an expected special session next month. (Wires)

News

Developer celebrates opening of new Las Vegas hotel

Nevada (Las Vegas)
The developer of Symphony Park’s new hotel held a grand opening celebration for the project. Dallas real estate firm Jackson-Shaw, which opened its dual-branded hotel in the sprawling mixed-use Las Vegas spread this summer, threw a flashy party Thursday to give people an inside look at the AC Hotel and Element property. The five-story, 441-room hotel boasts 18,000 square feet of meeting space, including a 10,000-square-foot ballroom, as well as a restaurant and a piano lounge.

Casino News: Las Vegas

Key Expansions and Projects

Durango Casino & Resort Growth:
Red Rock Resorts is accelerating its Durango expansion in southwest Las Vegas, adding 25,000 square feet of gaming space and 250 hotel rooms. Construction starts July 2028, following record Q2 2025 earnings of $108.3 million (up 55% YoY). The project targets the booming residential corridor near the resort.

Bally's Tropicana Site Redevelopment:
Bally's Corp. unveiled a three-year timeline for a 3,000-room hotel-casino-entertainment complex around the new Oakland Athletics ballpark. Groundbreaking is set for April 2026, with the $1.5 billion project aiming to transform the former Tropicana site into a mixed-use hub.

Henderson Casino Approval:
Clark County commissioners greenlit a new casino in Henderson's Water Street District, including street vacations and design reviews. This off-Strip project could boost local gaming options by late 2026.

Operational Changes and Challenges:
Golden Gate Goes All-Virtual: Downtown's historic Golden Gate Casino has fully phased out live table game dealers, replacing them with electronic roulette and blackjack terminals. Owner Derek Stevens calls it a "doubling" of projected revenue, appealing to younger players, though tourists are mixed—some miss the human element, others praise the faster pace and lower house edge.

Las Vegas Sands Digital Shutdown:
The company axed its live-dealer streaming platform, cutting 150 local jobs. The initiative targeted legal iGaming states but couldn't compete in a crowded market.

Cyberattack Hits Off-Strip Resort:
An unnamed casino-hotel suffered a breach between Jan. 8-11, 2025, exposing data of ~4,700 guests, staff, and partners. No ransomware details were disclosed, but it highlights ongoing cybersecurity risks in gaming.
North Las Vegas Sale: Poker Palace Casino changed hands for $9.4 million, per county records. The buyer plans minor upgrades to the locals-focused property.

Tourism and Competition Pressures:
California Rival Looms: The $600 million Hard Rock Casino Tejon opens November 13 near Bakersfield, featuring 2,000 slots and 150,000 sq ft of gaming—rivaling MGM Grand-scale floors. It's expected to siphon West Coast gamblers, exacerbating Vegas's 1 million visitor drop in early 2025.

No Panic Yet:
Despite sluggish Strip hotel rates and airport traffic, experts like Citizens' Jordan Bender forecast a rebound, with conventions driving 15-20% growth in 2026. The $600 million Las Vegas Convention Center expansion is key to this outlook.

Big Wins and Buzz:
Jackpot Fever: A gambler turned a $3 bet into a life-changing payout at Red Rock Casino Resort & Spa near Las Vegas. Details on the exact amount weren't specified, but it lit up social media as a feel-good story amid industry woes.

Governor's Blackjack Streak:
Illinois Gov. JB Pritzker reported $1.4 million in Vegas winnings on his tax return, crediting "incredibly lucky" blackjack hands.

Dining, Events, and Accolades:
Michelin Milestone: Fontainebleau Las Vegas earned the first "One Key" designation for a Nevada gaming resort in the 2025 Michelin Guide, recognizing its luxury amenities alongside 37 other U.S. hotels.

New Eats:
High Steaks Vegas, a modern steakhouse by chef James Trees, debuted atop Rio's Masquerade Tower mid-month. Meanwhile, Bellagio's Yachts of Monaco boat tours launch October 3 from the new Carbone Riviera dock.

Halloween Hype:
Vegas ranks #7 in North American Halloween excitement per Betway's study. Red Rock hosts "Fright Night Bingo" on October 30 with free drinks, DJs, and costumes. Citywide events include the When We Were Young Festival (Oct 18-19) and Downtown Rocks concerts.

G2E Spotlight:
SuzoHapp returned to the Global Gaming Expo with innovations in gaming tech partnerships, drawing crowds to booth displays. (Grok)

News

Cleopatra wins Media Man 'Casino Classic Game Of The Month' award

News

The Lead Up

Markets/Trades

September 21, 2025

New York, USA

MGM Resorts International $35.80 -0.14 -0.39%

Wynn Resorts Ltd $129.52 +0.84 +0.65%

Las Vegas Sands $53.87 +0.66 +1.24%

Boyd Gaming Corporation $83.30 Flat

Caesars Entertainment, Inc. $25.56 -0.84 -3.18%

Red Rock Resorts, Inc. $60.76 -0.23 -0.38%

Hilton Grand Vacations Inc. $44.53 -0.35 -0.78%

PENN Entertainment, Inc. $19.09 -0.12 -0.62%

Light & Wonder, Inc. $87.28 -0.94 -1.07%

News Bonus

NVIDIA Corporation (NVDA) $176.60 +0.20% +0.36

News

MGM CEO says Dubai casino approval still pending as 2028 resort construction advances

MGM Resorts International has yet to receive approval to operate a casino at its upcoming $2.5 billion integrated resort in Dubai, CEO Bill Hornbuckle said, despite earlier expectations that a decision would have been made by now.

“I thought by now, Abu Dhabi would have ruled on what they were doing,” Hornbuckle said during a recent industry conference, referring to the anticipated regulatory green light. “There’s a lot of dialogue around that.”

The resort, currently under construction on a 25-acre artificial island near Jumeirah Beach and the Burj Al Arab, is being developed in partnership with the government-owned Wasl group. It will feature MGM Grand, Bellagio, and Aria-branded hotels, along with a 250,000-square-foot podium that has been purpose-built to accommodate a casino should regulatory conditions allow.

While a federal gaming regulator, the General Commercial Gaming Regulatory Authority (GCGRA), was established in recent years to oversee commercial gambling activities across the UAE, the final decision to authorize casino operations remains with the rulers of individual emirates.

Hornbuckle noted that the company is still waiting on an official directive from Dubai’s leadership. “We don’t have permission yet from the ruler of Dubai to go forward,” he said. “I don’t know when we’ll hear, but I do believe this ... If this gets a casino, and I believe it will over time, we think it’s a massive opportunity.”

MGM submitted its license application to the GCGRA in September 2024. Any future approval would likely involve both federal coordination and local consent. The GCGRA is currently chaired by Jim Murren, MGM’s former CEO.

Meanwhile, competition in the UAE's nascent casino sector is heating up. Wynn Resorts is preparing to open the country’s first casino at its upcoming property in Ras Al Khaimah.

Scheduled for a 2027 launch, the resort on Al Marjan Island will likely be the UAE’s only licensed casino at the time of opening, according to Wynn CEO Craig Billings. He said last month that he anticipates it will be “the first and only casino in the country.”

Wynn has also expanded its footprint in Ras Al Khaimah by acquiring an additional 70 acres of land, raising speculation of a potential second property in the emirate. Analysts estimate that the UAE gaming market could generate annual revenues of up to $8 billion, while Wynn has projected figures closer to $5 billion.

Despite Wynn’s confidence in securing a dominant position, sources cited by Arabian Gulf Business Insight suggest that other operators may eventually receive licenses, casting doubt on the prospect of a long-term monopoly.

News

Lead Up ...

Casino, Gaming and Hotel Stocks

Markets/Trades

September 16, 2025

New York, USA

MGM Resorts International $35.36 -0.28 -0.79%

Wynn Resorts Ltd $120.68 -2.17 -1.77%

Las Vegas Sands $51.86 -1.23 -2.32%

Boyd Gaming Corporation $82.15 -1.32 -1.58%

Caesars Entertainment, Inc. $25.58 -0.32 -1.24%

Red Rock Resorts, Inc. $59.71 -1.37 - 2.24%

Hilton Grand Vacations Inc. $45.45 -0.100 -0.22%

PENN Entertainment, Inc. $18.92 +0.090 +0.48%

Light & Wonder, Inc. $88.69 -1.74 -1.92%

News Bonus

NVIDIA Corporation (NVDA) $174.84 -2.91 -1.64%

Lead Up

Markets/Trades

September 15, 2025

New York, USA

MGM Resorts International $35.64 +1.09 Today +3.15%

Wynn Resorts Ltd $122.85 +1.40 Today +1.15%

Las Vegas Sands $53.09 -0.41 -0.77%

Boyd Gaming Corporation 83.47-1.03 -1.22%

Caesars Entertainment, Inc. 25.90 +0.81 +3.23%

Red Rock Resorts, Inc. 61.08 -0.01 -0.02%

Hilton Grand Vacations Inc. 45.55 +0.34+ 0.75%

PENN Entertainment, Inc. 18.83 -0.78 -3.98%

Light & Wonder, Inc. 90.43 +1.36 + 1.53%

News Bonus

NVIDIA Corporation (NVDA) 177.75 -0.07 -0.04%

Feature

Pop Culture/Gaming News

Call Of Duty

FULLY REVEALED: SEASON 5 CONTENT DROP FOR MODERN WARFARE III, CALL OF DUTY: WARZONE, AND CALL OF DUTY: WARZONE MOBILE

Be a champion in Season 5 with two brand-new Core 6v6 maps and the arrival of wrestling royalty with WWE stars Rhea Ripley, “The American Nightmare” Cody Rhodes, and Rey Mysterio. Complete the final story mission for Modern Warfare Zombies and prepare for a clean up on aisle five in Call of Duty: Warzone with the return of the Superstore in Urzikstan.

GET IN THE RING: MODERN WARFARE® III SEASON 5 IS HERE!

Prepare for an all-out brawl in Season 5. We’re going to need a cleanup in aisle five... the infamous Superstore makes its return to Urzikstan in Call of Duty®: Warzone™! Meanwhile, two new Multiplayer Core 6v6 maps are coming to Call of Duty: Modern Warfare III, along with three cel-shaded and vibrant Variants: Celship (Shipment), Toonoxide (Rust), and Ink House (Stash House).

Also included are four free base weapons, six Aftermarket parts, the Mid-Season return of Resurgence Supreme to Rebirth Island, the arrival of Valeria and Ivan Alexxeve as Battle Pass Operators, plus an impressive roster of WWE superstars Rhea Ripley, “The American Nightmare” Cody Rhodes, and Rey Mysterio.

Prepare for battle with a huge selection of free content, as well as Events, Challenges, and numerous Weapon Camos to unlock. Season 5 for Call of Duty: Modern Warfare III, Call of Duty: Warzone, and Call of Duty: Warzone Mobile goes live on Wednesday, July 24 beginning at 9 AM PT across all platforms.

Stay tuned with the Call of Duty Blog for all official comms and announcements.

https://www.callofduty.com/blog

Season 5 Launch Trailer | Call of Duty: Warzone & Modern Warfare III
https://www.youtube.com/watch?v=JbszDAPQ2Ms&ab_channel=CallofDuty

Websites

Call Of Duty
https://www.callofduty.com/

Sledgehammer Games
https://www.sledgehammergames.com/

Media Man: Huge thumbs up. Strap on the rocket to them. Real life superhero elements. Love the collab.

(Image credit: Sledgehammer Games)

#CallofDuty #ModernWarfare3 #Warzone #COD #CODWWE #WWE #Gaming #CodyRhodes #ReyMysterio #RheaRipley #trailer #launchtrailer #Video #YouTube #gamingnews #wrestlingnews #entertainment #EntertainmentNews #gamesbiz #trend #trends #trending #buzz #media #mediaman

Gaming News And Gaming Industry via Grok!

News

MW3 & Warzone Season 5 Reloaded Update

The Season 5 Reloaded update for Call of Duty: Modern Warfare 3 and Warzone introduces several new features and content. This includes the addition of two new weapons: the Spear, a throwable melee weapon, and the Torque 35, a compound bow with various arrow types. Players can now engage in paintball mode within the multiplayer, featuring one-hit kills and cell-shaded maps like Toonoxide and Celship. The update also brings a new 6v6 map variant called Ink House, new and returning multiplayer modes, and the final story mission for Modern Warfare Zombies. Additionally, a 'The Crow' crossover bundle and a new CAT Operator named 'Scumbag Cat' are set to be released. New Elite Contracts in Warzone offer unique rewards like the Foresight killstreak, Specialist Bonus, Advanced UAV, and a redacted weapon. (Grok)

News

Black Myth: Wukong Shatters Steam Records

On August 20, 2024, Black Myth: Wukong, a game inspired by the classical Chinese novel Journey to the West, achieved unprecedented success shortly after its release. It quickly became the most played game on Steam, surpassing the all-time peak concurrent player counts of major titles like Elden Ring, Dota 2, and Cyberpunk 2077. The game reached over 1.4 million concurrent players, marking it as the fourth highest in Steam's history for any game, and the highest for a single-player game. Black Myth: Wukong has also been praised for its stunning visuals, engaging gameplay, and the quality of its animated sequences. The game performs exceptionally well on the PS5, running smoothly at 60fps in performance mode. This launch represents a significant achievement for Game Science, the developer based in Hangzhou, China, highlighting it as one of the first AAA titles from the region to gain global acclaim. (Grok)

News

Fantasy Premier League Gameweek 1 Performance

The Fantasy Premier League (FPL) season of 2024 kicked off with a wide range of performances in its first gameweek. Scores varied significantly, with some managers achieving high scores up to 86 points, while others struggled to reach 70. Key players like Mohamed Salah, Trent Alexander-Arnold, and Pedro Porro significantly influenced scores. The community expressed a mix of satisfaction and disappointment; some were content with their start despite not owning Salah, while others were frustrated with their captain choices or underperforming players. Discussions emphasized the importance of strategy, with many advocating for patience and considering minimal changes to their teams for the next gameweek. The community also noted the first price drop of the season for Jadon Sancho, indicating early shifts in player values. Overall, the gameweek highlighted the unpredictable nature of FPL and set the stage for strategic planning and adjustments in the weeks to follow. (Grok)

News

Fanatics Fest Highlights WWE Stars

Fanatics Fest, a major event for sports and entertainment enthusiasts, featured significant participation from the WWE community. WWE stars like Triple H, CM Punk, Liv Morgan, and Paul Heyman made appearances, enhancing the event's appeal. The festival included various activities such as fan meet-and-greets, panel discussions, and gaming challenges with WWE 2K24. Celebrities like Lil Baby and sports figures like Cal Ripken Jr. also attended, contributing to the event's diverse entertainment offerings. The WWE Universe showed high enthusiasm, making it one of the most popular areas at the fest. Other attractions included sports betting promotions and unique fan experiences, showcasing a broad range of entertainment options. (Grok)

News

Xbox refers to a series of gaming consoles developed by Microsoft. Here's a brief overview:

Xbox (Original): Launched in 2001, it was Microsoft's first venture into the home console market, competing directly with PlayStation 2 and Nintendo GameCube. It introduced Xbox Live, an online service for multiplayer gaming.

Xbox 360: Released in 2005, this console significantly improved on its predecessor with better graphics, a more robust online service, and a larger library of games. It was known for popularizing online gaming with features like Xbox Live Arcade and backward compatibility with original Xbox games.

Xbox One: Launched in 2013, this generation focused on being an all-in-one entertainment system, integrating TV, movies, and games. It had multiple iterations like the Xbox One S (slimmer, 4K Blu-ray support) and Xbox One X (more powerful hardware for better graphics).

Xbox Series X/S: The latest generation as of my last update:

Xbox Series X: Aimed at high-end gamers with 4K gaming capabilities, faster load times, and more powerful hardware.

Xbox Series S: A more affordable option with less powerful hardware but still capable of 1440p gaming, designed for those who might not need the top-tier performance.

Key Features Across Generations:

Backward Compatibility: Xbox has increasingly focused on allowing players to play older games on newer hardware, a feature not always common in the console world.

Xbox Game Pass: A subscription service that offers access to a vast library of games for a monthly fee, akin to a Netflix for video games.

Xbox Live Gold/Now Free-to-Play: Initially, online multiplayer required a paid subscription (Xbox Live Gold), but recent changes have made free-to-play games' multiplayer free.

Cross-Platform Play: Microsoft has pushed for more cross-platform play, allowing Xbox users to play with those on other platforms like PC, PlayStation, and even mobile devices in some cases.

Game Development: Microsoft has acquired several game development studios, ensuring a steady stream of exclusive titles like "Halo," "Gears of War," "Forza," and more recently, "Flight Simulator."

If you're interested in recent developments or specific games released around August 2024, I'd need to check for updates, but given my last update, I can only speculate or provide information up to early 2024.

Would you like me to look up any specific information or games related to Xbox? (Grok)

News

PlayStation

PlayStation is a gaming brand created by Sony Interactive Entertainment. Here's a rundown of what you might be interested in knowing about PlayStation:

History:

Launch: The original PlayStation was released in Japan in 1994, followed by North America in 1995, and Europe in 1995.

Evolution: Since then, Sony has released several iterations:

PlayStation 2 (PS2) - Known for its DVD playback capabilities and a vast library of games.

PlayStation 3 (PS3) - Introduced Blu-ray playback and a shift towards online gaming with PlayStation Network (PSN).

PlayStation 4 (PS4) - Focused on enhanced graphics, a more user-friendly interface, and deeper integration with online services.

PlayStation 5 (PS5) - The latest model, featuring significant improvements in hardware, including SSD storage for faster load times, ray tracing for better graphics, and a new DualSense controller with haptic feedback.

Key Features:

Game Library: PlayStation is known for exclusive titles like "The Last of Us," "God of War," "Spider-Man," "Horizon Zero Dawn," and "Uncharted" series.

PSN: PlayStation Network allows for online multiplayer, digital game purchases, and streaming services like PlayStation Plus, which offers free games, online play, and cloud storage for game saves.

VR: PlayStation VR (PSVR) for PS4, and now PSVR 2 for PS5, offering virtual reality gaming experiences.

Controller Innovations: Each generation brings new controller features, with the PS5's DualSense introducing adaptive triggers and advanced haptic feedback.

Recent Developments:

PS5: Since its launch, the PS5 has been in high demand, often facing stock shortages due to global supply chain issues and high demand for next-gen consoles.

Backward Compatibility: PS5 offers some level of backward compatibility, allowing play of many PS4 games, though not all previous generation games are supported.

Community and Culture:

PlayStation has cultivated a strong community around its ecosystem, with events like the PlayStation Experience (now defunct) and regular live streams for game reveals and updates.

The brand is often associated with cinematic storytelling in games, pushing the boundaries of what video games can achieve in narrative depth.

If you're looking for more specific information or recent updates about PlayStation, like new game releases or system updates, let me know! (Grok)

News

Xbox And Gamescom News Travels Fast On Musk's X

Gamescon

Xbox Gamescom 2024 Lineup

Xbox is set to make a significant presence at Gamescom 2024, scheduled from August 21 to 25. The event will feature over 50 titles, including notable games like Avowed, Indiana Jones and the Great Circle, Starfield: Shattered Space, and Diablo IV: Vessel of Hatred. Xbox will host theater presentations, live broadcasts, and a FanFest, offering a diverse range of activities for attendees. Additionally, the event will include a Gear Store and photo ops. For those unable to attend in person, Xbox will broadcast the event live from the show floor. Gamescom 2024 is anticipated to be a major event in the gaming industry, attracting a wide array of developers, publishers, and fans. (Grok)

News (Xbox On YouTube)

ALL The Games Coming To Xbox In August 2024
https://youtube.com/watch?v=TQAMFOQPCcE

Websites

Xbox: GamesCon
https://xbox.com/en-IN/events/gamescom

Xbox
https://xbox.com

Xbox On YouTube
https://youtube.com/@xboxon

Media Man: Big thumbs up

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Gaming, Hotel, Casino and Sports News: USA

July 2024

American Gaming Association announces 2024 Gaming Hall of Fame inductees

The American Gaming Association Wednesday announced the Gaming Hall of Fame Class of 2024, honoring three individuals for their contributions to the industry. The new members are: Jim Allen, Hard Rock International Chairman, Seminole Gaming CEO, and former chairman of the AGA. Alan Feldman, UNLV International Gaming Institute Director of Strategic Initiatives and Distinguished Fellow in Responsible Gaming, and a former executive with MGM Resorts International. Debi Nutton, Everi Holdings Board Member, executive coach-consultant, and former casino operations executive. (CDC, AI News, Wires)

News

Las Vegas: Downtown Grand hotel-casino seeks buyer

A downtown Las Vegas hotel-casino is looking for a buyer. Downtown Grand, the 1,124-room property one block north of the Fremont Street pedestrian mall, is on the market, multiple industry sources confirmed. The property is owned by real estate investment firm CIM Group and operated by Fifth Street Gaming, a Las Vegas-based operator whose portfolio includes the Silver Nugget and Ojos Locos Sports Cantina and Casino in North Las Vegas and the Golden Tiki restaurant in Chinatown. Fifth Street Gaming and the property’s agent...did not respond to multiple requests for comment Tuesday.

News

New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state

In one of the most sternly worded rebukes they have ever issued, New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state, which it called “unacceptable conduct” that demonstrated weaknesses in the company’s business abilities. The errors resulted in regulators having to post corrected financial data for several months, something that had not happened in 13 years. The mistakes involved overstating the amount of money wagered on multi-tiered bets, or parlays, and understating other categories of wagers.

News

Golden Nugget Lake Tahoe hotel renovations set to begin

The Golden Nugget Lake Tahoe Hotel and Casino is moving ahead with major renovations under its new owner, billionaire Tilman Fertitta. Last August, Feritta’s Golden Landry’s LLC and GN NV Holdings acquired the Hard Rock Lake Tahoe from Paragon Gaming with cash, then rebranded it. Fertitta’s attorney Sonia Vermeys with Brownstein Hyatt Farber Schreck told the Nevada Gaming Control Board Wednesday that the her client had always intended to finance the transaction. In December, the owner of the land entered into a term-loan agreement with Deutsche Bank.

News

Bermuda regulator’s reports show efforts to resolve casino industry roadblock

Failed efforts by the Bermuda Gaming Commission to solve the banking issues that have held up the launch of a casino industry are described in newly released annual reports. David Burt, the Premier, finally tabled the publicly funded regulator’s reports for 2020 to 2023 in the House of Assembly last Friday, after falling behind in sharing them with taxpayers. They shed some light on how the commission has tried to get banks to handle casino transactions — a necessity for the sector to get up and running — but even the most recent report, for 2022-23, is out of date.

News

Bally’s Chicago secures casino financing, unveils new hotel design

One week after taking possession of the Freedom Center printing plant, Bally’s has secured the needed financing to supplant it with a $1.7 billion Chicago casino complex on the 30-acre site in River West. Bally’s announced a deal Friday with Gaming and Leisure Properties, a Pennsylvania-based real estate investment trust, to provide $940 million to fund the construction of the permanent casino. In addition, Bally’s has also finalized redesign of its planned 500-room hotel tower, which has been shifted from north of the casino to the south to avoid damaging city water pipes along the Chicago River, pending approval from the city’s planning department.

News

Walmart is preparing major push into lottery sector

At its annual summit in early April, retail giant Walmart convened various lottery industry vendors and suppliers and revealed, more or less: Walmart is preparing a push from lottery bystander to active participant and competitor, with plans to launch an app that it may eventually equip with iLottery capabilities. The message was conveyed in meetings with the likes of IGT, Scientific Games, NeoPollard, and others currently working with the retail behemoth. Walmart representatives unveiled a slogan aimed at the lottery industry, “Be in it to Win it,” according to presentation materials from the Bentonville, Arkansas summit that were reviewed by Lottery Geeks.

News

Colorado: RCI Hospitality pulls casino license applications in Colorado

Entertainment company RCI Hospitality Holdings has withdrawn its applications to operate casinos from the Colorado Division of Gaming. The company, known for operating strip clubs and nightclubs like Rick’s Cabaret and restaurants like Bombshells Restaurant and Bar, also disclosed its intention to develop its share buyback program. The decision follows the NASDAQ-listed company’s acquisition of three properties in Central City for potential casino developments, which will not proceed as planned. The company also intends to sell other properties that are no longer required, including a 20,000-square-foot building and another site initially intended for a 30,000- to 40,000-square-foot development.

News

Las Vegas: Tropicana operators take the next step toward implosion

The Tropicana is one step closer to coming down, after property operators submitted a commercial implosion permit application with Clark County officials on Thursday. A permit application shows Bally’s Corp., operators of the former Rat Pack-era resort, want to implode a 22-story concrete tower and a 22-story steel tower in a “single explosive event.” A spokesperson for Bally’s said the company is still expecting an October implosion. No other details were available. The company tasked with the implosion will be Controlled Demolition Inc., according to the application. (CDC, AI News, Wires)

News

Gaming, Casino and Property News

Nevada sets May gaming revenue record

In Case You Missed It

June 27, 2024

Nevada set a May record with $1.32 billion in gaming revenue. It was also the eighth highest total in history as the Strip continues to benefit from a strong events calendar that boosted hotel occupancy and room rates.

The $1.32 billion rose 2.5% or $31.6 million versus May 2023. For the year, total win is up 3.2% or $202 million, according to the Nevada Gaming Control Board.

Of that, the combined total for the Las Vegas Strip and the balance of Clark County are up $207.2 million or 4.9% for the year. The Strip alone is up 3.5% for the year.

The Strip’s gaming win of $742.5 million increased 3.7% or $26.6 million and accounted for 84.1% of the statewide increase in May. Statewide win excluding the Strip increased $5 million or 0.9%, according Michael Lawton, senior economic analyst for the Gaming Control Board.

Lawton said the Strip benefited from a very robust event calendar in May. Harry Reid International Airport recorded its second highest month in passenger count in history in May.

The Las Vegas Convention and Visitors Authority reported 3.65 million visitors in May, a 4.6% increase over May 2023’s 3.49 million. The LVCVA cited the Electric Daisy Carnival, which typically attracts hundreds of thousands of attendees, and convention attendance of 461,900, up 1.8%.

Lawton said special events or other items of note included Canelo Alvarez fighting Jaime Munguia at the T-Mobile Arena on May 4 for the undisputed Super Middleweight world title. Justin Timberlake performed at the T-Mobile Arena for his “Forget Tomorrow” world tour on May 10. The Rolling Stones played Allegiant Stadium on May 11. The MGM Grand Garden Arena featured Pearl Jam for two nights on May 17-18. Maroon 5 returned to Dolby Live at Park MGM May 17-31. Garth Brooks and Adele were both in town for their residencies at the Colosseum at Caesars Palace for multiple dates during the month of May. Carrie Underwood returned to the Resorts World Theatre from May 22-31.

The strong event schedule helped fill hotel rooms; overall occupancy was 86.1%, up from 84.4% a year ago. Weekend occupancy was 93.4%, up from 93.2%. Strip occupancy hit 88.5%, up from 87%. The average daily room rate on the Strip was $212, up 9% from $194 a year ago, according to the LVCVA.

The Strip’s slot win totaled $402.9 million and increased 2.6% or $10.1 million with a 6.5% or $306.3 million increase in coin-in. Slot hold was 7.99% versus 8.29% last year, Lawton said.

The Strip’s games win totaled $339.5 million and increased 5.1% or $16.4 million and drop increased 4.9% or $100 million. Games hold percentage was 15.8% versus 15.7% last year.

Strip baccarat win totaled $122.1 million, but was down $8.7 million or 6.6%. Volume totaled $758.1 million, down 2.4% or $18.2 million. Hold was 16.1% versus 16.9%. Total win excluding baccarat increased by 6% or $35.2 million.

Strip twenty-one win of $93.2 million increased 17.6% or $13.9 million. Volumes totaled $615.3 million and increased 10.43% or $58.1 million. Hold percentage was 15.15% versus 14.23% last year.

Strip roulette win of $37.4 million increased 55.5% or $13.3 million. Volumes totaled $185.9 million and increased 28.7% or $41.5 million. Hold percentage was 20.09% versus 16.63% last year.

Locals casinos generate $277.7 million in revenue in May, up 5.1% year over year. Revenue is up 10.3% for the second quarter compared to a year ago.

Downtown casinos had $74.8 million, up 1.6% over $73.6 million in May 2023. North Las Vegas had $24.7 million, up 2.1% over last year. Downtown’s occupancy reached 76.1% in May, up from 71.4% a year ago. Room rates were up 15.4% to $124.92

Elsewhere, Laughlin had $36.9 million, down 21.4% from $46.9 million a year ago. Mesquite had $16.3 million, up 8.5%. Reno had $65.2 million, down 1.1%. Sparks had $15.3 million, up 2%. South Lake Tahoe had $17.6 million, down 9.4%.

Lawton said Laughlin was impacted by slot-revenue timing in May 2023, as April 2023 ended on a Sunday and revenue was subsequently reported in May 2023. Laughlin casinos also experienced some softness in slot volume, down 5.7% even with an additional weekend day. Total win of $36.9 million was down 21.4% or $10.1 million. For the year, Laughlin is down 6.2%. Slot win was down 23.4% or $10.2 million. Slot coin-in was down 5.7% ($27.9 million), while the hold was 7.2% versus 8.9%.

Statewide, Nevada sportsbooks won $36 million, up 19.8% or $6 million compared to May 2023 on a hold percentage of 7% versus 5.7% last year. Sportsbook wagers totaled $515.1 million, down 2.3% or $12 million compared to last May, when $527 million was wagered statewide. Mobile wagers totaled $351.2 million, down 1.9% or $6.7 million and accounted for 68.2% of total wagers, Lawton said.

Statewide slot win of $886.1 million increased 1% or $8.5 million and coin-in of $12.3 billion was up $501.2 million or 4.2%. Slot hold percentage was 7.19% versus 7.43% last year.

Statewide table, counter, and card games win of $434.3 million increased 5.6% or $23.1 million and games drop of $2.9 billion, increased 4.8% or $132.6 million from May 2023. Games hold percentage was 15.13% versus 15.01% last year.

Statewide baccarat win of $126.4 million decreased 5.5% or $7.4 million and baccarat drop of $780.3 million decreased 1.8% or $14 million. Baccarat’s hold percentage was 16.20% versus 16.84% last year. Statewide total win excluding baccarat increased 3.4% or $39 million. This is the first decrease in monthly baccarat win since June 2023, ending a streak of 10 consecutive increases.

Statewide twenty-one win of $116.8 million increased 11.4% or $12 million. Volumes totaled $788.1 million and increased 12.9% or $90.2 million. Hold percentage was 14.82% versus 15.02% last year.

Statewide roulette win of $44.1 million increased 45.9% or $13.9 million. Volumes totaled $217.6 million and increased 24.9% or $43.3 million. Hold percentage was 20.29% versus 17.37% last year. (CDC, AI News, Wires)

U.S Casino, Gaming And Sports Business News

April 2024 casino, igaming, sports and VLT revenue

Arkansas GGR rose 10.7% to $61.6 million. Gaming Commission, 6-24

Colorado casino revenue rose 9.5% to $144.0 million. Gaming Commission, 6-24

Connecticut gaming rose 24.6% to $133.5 million. Gaming Commission, 6-24

Delaware gaming revenue rose 11.9% to $43.1 million. Gaming Commission, 6-24

Illinois gaming revenue rose 10.3% to $402.0 million. Gaming Board, 6-24

Indiana gaming revenue rose 10.3% to $254.0 million. Gaming/Racing Commission, 6-24

Iowa casino revenue rose 3.4% to $165.6 million. Gaming Commission, 6-24

Kansas GGR rose 13.4% to $53.1 million. Gaming Commission, 6-24

Kentucky HHR win rose 19.5% to $66.6 million. Racing Commission, 6-24

Louisiana gaming revenue rose 1.7% to $303.0 million. Gaming Commission, 6-24

Maine gaming revenue rose 22.2% to $16.5 million. Gaming Commission, 6-24

Maryland gaming revenue ros e 5.6% to $224.1 million. Gaming Commission, 6-24

Massachusetts gaming revenue fell 2.8% to $155.0 million. Gaming Commission, 6-24

Michigan gaming revenue rose 21.0% to $352.5 million. Gaming Commission, 6-24

Mississippi gaming revenue fell 0.7% to $211.6 million. Gaming Commission, 6-24

Missouri gaming revenue rose 1.2% to $162.9 million. Gaming Commission, 6-24

Nebraska casino revenue rose 50.0% to $9.5 million. Racing/Gaming Commission, 6-24

Nevada gaming revenue rose 2.4% to $1.320 billion. Gaming Commission, 6-24

New Jersey gaming revenue rose 8.3% to $510.0 million. Gaming Commission, 6-24

New York gaming revenue rose 15.1% to $473.0 million. Gaming Commission, 6-24

Ohio gaming revenue rose 7.1% to $271.5 million. Gaming/Lottery Commission, 6-24

Pennsylvania gaming revenue rose 8.6% to $520.9 million. Gaming Commission, 6-24

Rhode Island gaming revenue rose 3.3% to $61.3 million. Gaming Commission, 6-24

South Dakota gaming revenue rose 4.2% to $41.8 million. Gaming/Lottery Commission, 6-24

Virginia gaming revenue rose 33.9% to $161.7 million. Lottery Commission, 6-24

Total national gaming revenue rose 8.7% to $6.118 billion. CDC Gaming Reports, 6-24

Year-to-date gaming revenue rose 7.6% to $30.064 billion. CDC Gaming Reports, 6-24

The other categories:

Macau gaming revenue rose 29.7% to $2.5 billion. Reuters, 6-1-24

Igaming revenue rose 20.2% to $634.5 million. CDC Gaming Reports, 6-24

Sports betting revenue rose 24.8% to $971.4 million. CDC Gaming Reports, 6-24

Horse racing handle rose 0.5% to $1.4 billion. Racing Biz, 6-24

Dow Jones Industrials rose 2.3% to 38,686.32. Yahoo Finance, 5-31-24

Adams Index rose 3.2% to 942.22. CDC Gaming Report, 4-30-24

News

The results by jurisdiction

Arkansas had a total of $61.6 million in GGR in May 2024, up from $55.6 million in 2023. From the three reporting casinos, casino revenue was $58.1 million as compared to $53.4 million in 2023. Sports GGR was $3.5 million in 2024 and $2.2 million in 2023. Sports handle for the month was $39.8 million, up from $22.7 million a year ago.

Colorado casino and sports revenue in May was $144.0 million compared to $124.1 million in 2023. Casino win for May 2024 was $99.1 million and $92.7 million in 2023; slot GGR was $84.9 million versus $79.4 million in 2023. Black Hawk reported $75.8 million, Cripple Creek $16.1 million, and Central City $7.1 million. Sports GGR was $44.9 million versus $31.4 million. Handle was $447.5 million compared to $360.3 million.

Connecticut total gaming revenue for May was $133.5 million, up from $107.1 million in 2023. Slot revenue in May was $70.1 million compared to $65.6 million in 2023; igaming revenue was $46.3 million compared to $26.4 million in 2023, while sports betting generated $17.1 million on a handle of $163.6 million compared to GGR of $15.1 million and handle of $109.4 million in May 2023.

Illinois combined casino and VLT revenue in May was $402.0 million as compared to $364.2 million in 2023. The state’s 15 casinos reported $143.8 million in win compared to 13 casinos reporting $122.0 million in 2023. Slot revenue in 2024 was $107.2 million, up from $92.3 million; table games generated $36.5 million as compared to $29.6 million. In 2024, 1,058,189 people were admitted to the casinos as compared to 872,629 in 2023. The May VLT win was $258.2 million compared to $242.2 million in 2023. There were 47,985 units in 2024 and 45,890 in May 2023.

Indiana sports and casino combined revenue was $254.0 million in May as compared to $230.1 million in 2023. The state’s 12 casinos generated $215.1 million in casino win as compared to $196.4 million in 2023. The 14,804 slot machines generated $176.9 million as compared 14,208 slot machines generated $162.1 million in 2023. Table-game win from 610 games was $38.2 million as compared to 610 games and $34.2 million in 2023. Sports win was $38.9 million on a handle of $361.5 million. In 2023, the sports win was $33.7 million on a handle of $283.4 million.

Iowa combined casino and sports revenue in May was $165.6 million as compared to $160.1 million in 2023. Casino win was $148.7 million, down from $143.6 million; slot coin-in was $1.350 billion and GGR was $135.1 million. Table-game GGR was $13.6 million. There were 1,451,817 admissions in May as compared to 1,399,662 in 2023. Sports win was $16.6 million on a handle of $182.4 million as compared to a GGR was $16.5 million on a handle of $147.7 million in 2023.

Louisiana combined sports, casino, and VLT revenue in May was $303.0 million as compared to $297.5 million in 2023. Riverboat revenue was $154.7 million as compared to $153.4 million in 2023. Land-based Harrah’s New Orleans reported a win of $19.9 million, slot machine win at the racetracks was $29.0 million, and VLT win from the state’s 11,959 machines was $64.8 million as compared to $65.1 million from 12,080 slots in 2023. Admissions to the riverboats, racinos, and Harrah’s New Orleans were 1,676,538 compared to 1,700,132 in 2023. The Shreveport/Bossier market reported $45.3 million in win, down from $46.3 million in 2023; Lake Charles had $64.1 million compared to $64.7 million. The New Orleans region had $21.6 million in win versus $20.3 million and Baton Rouge had $23.5 million as compared to $21.9 million in 2023. The GGR from sports betting was $34.6 million on a handle of $256.6 million as compared GGR of $29.6 million on a handle of $193.5 million in May 2023.

Maryland combined casino and sports revenue was $212.1 million in May as compared to $212.1 million in May 2023. Slot revenue was $121.1 million, table games generated $51.9 million, and sports GGR was $51.0 million on a handle of $431.5 million as compared to $111.9 million from slots, $57.45 million from tables, and $42.7 million from sports on a handle of $328.4 million in 2023.

For May 2024, MGM National Harbor generated $71.7 million, $44.2 million from slots and $27.9 million from table games; in 2023, MGM generated $72.2 million in total GGR. Live! Casino GGR was $65.0 million, $47.6 million from slots and $17.3 million from tables; in 2023, the total win was $58.9 million. The Horseshoe Baltimore had $14.7 million in win, a slot win of $10.2 million and tables $4.4 million; in 2023, the total win was $17.5 million. Hollywood had $7.8 million, $6.5 million from slots. Ocean Downs generated $8.3 million, $6.8 million from slots, and Rocky Gap had a win of $4.9 million.

Massachusetts gaming revenue in May was $155.0 million as compared to $159.6 million in 2023. Casino revenue was $97.9 million as compared to $98.7 million in 2023. Sports generated $57.0 million with $587.4 million in handle versus $60.9 million on a $554.9 million handle in 2023. Encore Boston Harbor generated $61.1 million as compared to $62.5 million in 2023. Encore slot revenue was $35.7 million and table games $25.3 million. MGM had a gaming win of $22.4 million and $23.3 million in 2023. MGM table-game win was $3.8 million, while slots contributed $18.5 million. Slots-only Plainridge Park had revenue of $14.3 million as compared to $12.8 million in May 2023.

Michigan gaming revenue from casinos, sports, and igaming in May 2024 was $352.5 million as compared to $291.3 million in 2023. Casino revenue was $111.3 million as compared to $104.7 million. Igaming revenue was $198.5 million as compared to $150.5 million in 2023. Sports wagering revenue was $42.7 million on a handle of $354.8 million as compared to $36.1 million in GGR on a handle of $305.2 million in 2023. Mobile sports generated $40.8 million in revenue from a handle of $343.6 million.

Missouri casino revenue in May was $162.9 million as compared to $160.9 million in 2023. The slot win was $140.2 million from a coin-in of $1.460 billion; table games won $22.7 million. Admissions were 2,384,136, and 2,376,622 in 2023. By market, the win in May 2024 in the Kansas City region was $57.8 million, up 3.3% from 2023 and St. Louis $80.1 million, down 1.3 percent. The Out of State market reported $24.7 million in win as compared to $24.2 million in 2023.

Mississippi casino and sports betting revenue in May was $211.6 million as compared to $213.1 million in 2023. Casino revenue was $209.6 million as compared to $210.2 million in 2023. Sports win was $2.0 million on a handle of $27.0 million as compared to GGR of $3.1 million and $26.7 million in handle. Slot coin-in was $2.239 billion, with a win of $175.7 million, a 7.8 percent win, as compared to coin-in of $2.203 billion and a win of $171.9 million, 7.8 percent. Table-game drop was $161.0 million with a win of $29.0 million and a hold of 19.5 percent, as compared to a table drop of $161.5 million and a win of $31.5 million, 19.5 percent in May 2023. By region, the coastal casino win was $136.4 million, the northern casinos reported $45.5 million, and the central casinos won $27.5 million.

New Jersey casinos and racetracks reported a combined GGR of $510.0 million in May from casinos, igaming, and sports betting. The GGR was up 8.3 percent from $470.9 million in 2023. Casino revenue for the month was $239.1 million, up 5.2 percent. Slots won $181.2 million, up 4.8 percent, and table game win was $57.8 million, up 6.4 percent. The igaming win was $192.1 million as compared to $161.4 million in 2023. Sports win was $78.8 million as compared to $82.2 million. The 2024 sports handle was $838.9 million, as compared to $788.8 million in May 2023.

Borgata had a total win of $110.9 million, a casino win of $61.3 million, internet $43.9 million, and sports $5.5 million as compared to $111.2 million in total win last year; casino GGR was $60.5 million, igaming $44.0 million, and sports $6.7 million. Resorts and Resorts Digital had a combined win of $84.8 million with casino revenue of $13.5 million and digital revenue $71.3 million ($49.2 million from igaming and $22.0 million from sports). Golden Nugget had a win of $68.1 million; casino win was $13.5 million and internet $54.5 million. Hard Rock won $63.8 million; online and sports revenue was $16.1 million and casino revenue $49.8 million. Caesars and Caesars Interactive combined for $17.8 million. Tropicana posted $39.3 million and Harrah’s $19.8 million. Bally’s generated $23.0 million in GGR as compared to $20.1 million in May 2023.

New York gaming revenue from sports, VLT, and casinos was $473.0 million in May as compared to $410.6 million in 2023. The sports win was $203.7 million; the handle was $1.978 billion. The mobile books won $203.3 million from a handle of $1.972 billion. In May 2023, the sports GGR was $152.6 million with $1.363 billion in handle. The VLT revenue was $212.2 million, as compared to $202.2 million in 2023. Resorts World reported $62.2 million in gaming revenue, Nassau OTB $22.3 million, Empire City at Yonkers $53.6 million, Saratoga Casino $12.6 million, Finger Lakes Gaming $10.7 million, Hamburg Gaming $6.9 million, Vernon Downs $3.1 million, Batavia Downs $6.9 million, Jake’s 58 $25.5 million, and Resorts World Hudson Valley $7.4 million. The four casinos reported a win of $57.1 million as compared to $55.3 million in 2023. Resorts World had a win of $17.0 million, Tioga Downs $9.3 million, del Lago Resort $12.9 million, and Rivers Casino $17.6 million.

Nevada casinos reported $1.320 billion in May 2024 as compared to $1.288 billion in 2023, an increase of 2.4 percent. The Las Vegas Strip reported $742.8 million in gaming revenue as compared to $715.9 million in 2023. Las Vegas welcomed an estimated 3.6 million visitors in May as compared to 3.5 million in 2023. Harry Reid International Airport reported 5.2 million passengers in May as compared to 4.9 million in 2023. There were 461,900 conventioneers as compared to 453,900 in 2023. Hotel occupancy was 86.1 percent as compared to 84.4 percent in 2023. The average daily room rate was $200.01 as compared to $183.40 in 2023. Las Vegas had 4,109,400 occupied room nights as compared to 3,971,400. Highway daily vehicle count averaged 137,000.

For May 2024, downtown Vegas had casino revenue of $74.8 million, the Boulder Strip $84.9 million, North Las Vegas $24.7 million, and Laughlin $36.9 million. Reno reported $65.2 million in GGR as compared to $65.9 million in 2023. Sparks casinos won $15.3 million versus $15.0 million in 2023. The North Lake Tahoe win was $2.0 million and South Lake Tahoe $17.6 million as compared to $19.4 million in 2023. The Elko County win was $33.6 million, Carson Valley area reported $11.9 million, and the “other” reported $18.5 million versus $18.9 million in 2023.

By game type, the April win in Nevada was: twenty-one $116.7 million, baccarat $126.3 million, craps $37.7 million, and roulette $44.1 million. Slot machine win was $886.0 million as compared to $877.8 million in 2023. In May 2024, Nevada’s sports books won $36.0 million on a handle of $515.2 million; in 2023, the sports win was $30.0 million on a handle of $527.2 million

Ohio casinos, racinos, and sports generated $271.5 million in GGR in May 2024 as compared to $253.65 million in 2023. In May, the sports GGR was $67.3 million on a handle of $606.5 million as compared to GGR of $57.9 million on a handle of $447.4 million in 2023. Casino revenue in May was $84.5 million compared with $80.5 million in 2023. The slot win was $62.4 million and table games $22.1 million. By property, the results for the four casinos were: Jack Cleveland $21.2 million, Hollywood Columbus $23.6 million, Hard Rock Cincinnati $20.4 million, and Hollywood Toledo $19.1 million.

Ohio racino revenue was $119.7 million, up from $115.2 million in 2023. Belterra Park reported a win of $7.6 million, Eldorado Scioto Downs $19.9 million, MGM Northfield $26.8 million, Hollywood Dayton $13.3 million, Hollywood Mahoning Valley $15.0 million, Jack Thistledown $15.4 million, and Miami Valley $21.5 million.

Pennsylvania reported total gaming revenue of $520.9 million in May 2024 as compared to $479.3 million in 2023. By category, the win from retail slots was $214.1 million, retail table games $83.1 million, online slots $126.8 million, online tables $44.9 million, and sports $44.2 million in taxable revenue; total sports GGR was $61.85 million, the handle $591.9 million. Online poker GGR was $2.2 million, retail VLT $3.6 million, and fantasy sports $1.1 million.

By property, including retail and online gaming, the total revenue was Hollywood at Penn $81.6 million; Parx $56.6 million; Valley Forge $79.5 million; Wind Creek $46.2 million; Rivers Philadelphia $50.9 million; Rivers Pittsburgh $32.4 million; Hollywood at the Meadows $22.3 million; Mount Airy $20.7 million; Mohegan Sun $19.0 million; Live! Philadelphia $27.2 million; Harrah’s $22.6 million; Presque Isle $9.6 million; Live! Pittsburgh $9.8 million; Hollywood York $8.8 million; Hollywood Morgantown $8.3 million; Casino at Nemacolin $2.3 million, Golden Nugget $4.0 million, Bally’s $4.2 million, and Parx Shippenburg $3.2 million.

South Dakota casino, VLT, and sports revenues were $41.8 million in May as compared to $40.1 million in 2023. Casino revenue was $13.1 million as compared to $13.0 million in 2023. VLT won $28.4 million and $27.1 million in 2023 million. In May, South Dakota sports betting recorded $51,486 in win and $495,491 in handle.

Virginia reported $161.7 million in GGR in May as compared to $124.5 million in 2023. Casino GGR was $62.7 million versus $45.4 million in 2023. Hard Rock Bristol generated $15.4 million, Rivers Portsmouth $26.9 million, and Caesars Virginia in Danville $20.2 million. The sports-betting handle for May was $505.5 handle with a win of $59.9 million. The handle for May 2023 was $403.7 million with a win of $48.1 million. Historic racing machines reported $39.1 million in GGR from 2,791 units compared to $31.0 million in GGR from 2,608 units in 2023.

Igaming revenue from seven states in May was $634.5 million as compared to $528.0 million for six states in 2023. New Jersey reported $192.1 million versus $161.4 million in 2023, Michigan $198.6 million versus $150.5 million, Pennsylvania $174.1 million versus $170.4 million, Connecticut $46.3 million versus $26.4, West Virginia $17.9 million versus $18.0 million, Delaware $3.9 million versus $1.2 million, and Rhode Island $1.6 million.

Thirty-one states reported sports betting handle and revenue for May 2024. The handle was $9.28 billion with a win of $771.4 million (10.4%) as compared to 27 states reporting a handle of $6.478 billion with a win of $742.3 million (11.4%). Ranked by handle, the top five states were New York $1.978 billion, New Jersey $838.9 million, Ohio $606.5 million, Pennsylvania $591.9 million, and Massachusetts $587.4 million. By win, the top five were New York $203.7 million, New Jersey $78.7 million, Ohio $67.3 million, North Carolina $63.0 million, and Pennsylvania $61.8 million. With Illinois included, the adjusted handle for April was $11.884 billion and GGR was $1.238 billion. In April, Illinois reported $1.103 billion in handle and $169.3 million in GGR. Arizona reported a handle of $656.3 million and GGR of $64.4 million.

This May, the gaming industry benefited from a full quota of extra weekend days and the growth of sports and igaming. Four new states, Maine, Nebraska, North Carolina, and Vermont, boosted sports betting handle and win to $9.2 billion and GGR of $771 million. In 2021, 17 states produced a handle of $3.677 billion and a win of $268.3 million.

Igaming had one additional state, Rhode Island. But the real igaming story is the strength of the organic growth in Michigan, New Jersey, and Pennsylvania. Those three generated $568 million in GGR, an 86 percent increase from 2021. The $568 million is more than any single state except Nevada.

Year to date, the total GGR is $30.0 billion versus $27.9 billion in 2023; igaming GGR is $3.2 billion, up 29 percent, and sports $5.7 billion, up 28.7 percent. The year-over-year growth rate for the total GGR has slowed from 20 percent last year to 7.6 percent in 2024. It is still exceptional, better than nearly any other industry. There are headwinds for the industry in 2024, but if sports and igaming continue to grow, gaming is on solid ground. (Credit: CDC, Adams, AI News)