All That Glitters

Casino, Gaming and Hotel Stocks

Market highlights
ASX 200 futures are pointing up 24 points or 0.3 per cent to 8719.
All US prices New York time

AUD +0.7% to US71.22¢
Bitcoin +1.8% to $US70,210
Wall St: Dow -0.1% S&P -0.2% Nasdaq +0.01%
VIX -0.31 to 25.19
Gold +1.1% to $US5195.40 an ounce
Brent oil -8% to $US91.05 a barrel
Iron ore +0.8% to $US103.90 a tonne
10-year yield: US 4.15% Australia 4.84%

March 10, 2026

Numbers Double Check

Australian Dollar: $0.7066 USD (up $0.0086 USD)
Iron Ore Apr Spot Price (SGX): $102.80 USD (up $1.25 USD)
Oil Price (WTI): $86.38 USD (down $4.52 USD)
Gold Price: $5,144.08 USD (down $27.84 USD)
Copper Price (CME): $5.8895 USD (up $0.0520 USD)
Bitcoin: $69,007.25 USD (up 2.78% in last 24 hours)

Market and Cryptos

March 10, 2026

Sydney, Australia to Wall Street, New York

ASX 200 futures up 184 points/2.2%: 8751
AUD +0.5% to US70.68¢
BTC $68,916.32 +2.52%
Dow +0.5%
S&P +0.8%
NAS +1.4%
VIX -4.16 to 25.33
Gold -0.6% to $US5141.51 an oz
Silver 86.825 +2.568
Oil -1.4% to $US91.42 a barl
Iron ore +1.2% to $US102.80 a ton

News

Numbers Double Check

Australian Dollar: $0.7066 USD (up $0.0086 USD)

Iron Ore: $102.80 USD (up $1.25 USD)

Oil Price: $86.38 USD (down $4.52 USD)

Gold Price: $5,144.08 USD (down $27.84 USD)

Copper Price: $5.8895 USD (up $0.0520 USD)

Dow Jones: 47,740.80 (up 239.25 points)

News

ASX caught in $90b wipe-out as oil soars 27pc

The Australian sharemarket retreated on Monday, after a surge in the price of crude oil in response to the escalating war in the Middle East; the S&P/ASX 200 fell 2.9 per cent to close at 8,599 points, having reached an intra-day low of 8,457.2. BHP shed 5.1 per cent to end the session at $50.10, NextDC was down 6.4 per cent at $12.81 and the ANZ Bank fell 2.3 per cent to $36.78. However, Karoon Energy rose 10.2 per cent to $2.00 and Yancoal Australia advanced 13.3 per cent to $7.17. (RMS)

News

Media/Streaming/Sports (Australia)

Netflix rules out bid for NRL rights

A spokesman for Netflix says the streaming company is not interested in bidding for the upcoming NRL broadcast rights, as Australian Rugby League Commission chairman Peter V'landys seeks a $4 billion deal over five years. The spokesman's remarks back up previous comments by Netflix executive Brandon Riegg that it is interested in marquee sporting events rather than entire seasons, while a $4 billion deal over five years would be larger than the AFL's six-year $4.5 billion deal. V'landys and NRL CEO Andrew Abdo believe they can secure a deal of that size because of the introduction of two new teams; the PNG Chiefs and the Perth Bears and the popularity of its annual Las Vegas season launch. (Roy Morgan Summary)

News

Digital Business (Australia)

Subscriptions in firing line to ease living costs

The federal government has proposed legislation that would make it easier for households to cancel subscriptions that they no longer require. The former Coalition government introduced similar reforms in 2018 aimed at making it easier to cancel credit cards via the internet. Research undertaken by the Consumer Policy Research Centre shows that about 75 per cent of Australians have had a negative experience when trying to cancel a subscription. It is estimated that households collectively have around $46m worth of subscriptions that they no longer use. (RMS)

News

Mining/Energy/Resources (Australia)

Glencore mulls ASX listing in wake of value gap that foiled Rio merger

Glencore CEO Gary Nagle says the commodities company is considering a secondary listing on the ASX, to help boost its valuation in the wake of its failed merger with Rio Tinto. The two companies had been considering a merger that would have created the world's biggest mining company, with a valuation of more than $300 billion, but Rio announced last month that it was abandoning talks with Glencore because the parties could not agree on a price for a "scrip deal". Nagle says the logic of a merger with Rio still exists, but he signalled that the two companies were "far apart on valuation." (RMS)

News

Cryptos

The crypto market has temporarily found balance

Market Overview

The crypto market cap on Monday morning is $2.31 trillion, just over 1% higher than a week ago. Volatility in cryptocurrencies decreased significantly in the second half of the week, unlike in traditional financial markets. Cryptocurrencies did not emerge as a safe haven; instead, they found only a temporary balance between opposing forces.

Last week, crypto failed to maintain its mid-week momentum. They are also avoiding a collapse following traditional markets, which began trading on Monday. This is too fragile a balance, and we see a greater risk of increased cryptocurrency sell-offs as institutional players are forced to reduce leverage amid the decline of key assets.

The sentiment index stood at 8 on Monday, returning to single digits after twelve days of attempts to stabilise and form a rebound. This behaviour proves once again that not all extremely low sentiment values constitute a good entry point.

Bitcoin is trading at $67K, around which it has been for more than 4 weeks. On intraday intervals, purchases are still noticeable on dips below $66K. Still, it is difficult to rely on this support given the powerful movements in financial markets.

News Background

Bitcoin is in the deepest phase of a bear market, and the situation could worsen, according to ZX Squared Capital, which expects BTC to fall further by 30% in 2026 due to the war with Iran.

Culper Research has opened short positions on Ethereum and BitMine shares. Analysts believe that the altcoin's economy has deteriorated following the recent Fusaka update.

For the first time in US history, the Trump administration has included cryptocurrencies and blockchain in the National Cybersecurity Strategy, which explicitly states the need to protect these technologies at the state level.

Florida has passed the first state-level stablecoin bill in the US. Governor Ron DeSantis will sign the document within the next 30 days.

The US SEC has dropped charges against Justin Sun. The founder of Tron agreed to pay a $10 million fine but did not admit guilt. In 2023, the SEC accused Sun of unregistered sales of securities in the form of Tron and BitTorrent cryptocurrencies, as well as fraudulent price manipulation.

About 38% of altcoins have approached historic lows. The situation in the sector is worse than after the collapse of the FTX crypto exchange, notes analyst Darkfost. (FxPro)

News

Euro/World

No one will help the euro

Europe is an unintended victim of the Middle East conflict.

The growing likelihood of two ECB rate hikes is not enough to boost EURUSD. The US dollar posted its strongest weekly performance in a year and may extend its rally amid intensifying geopolitical risks in the Middle East. Political developments in Iran have increased uncertainty about the conflict's trajectory, boosting safe-haven demand for the dollar. As a result, EURUSD opened the week with a gap lower. The rapid rise in oil prices contributed to recessions in the US economy in 1973, 1980, 1990 and 2008. And the current cooling of the American labour market, driven by the White House's tariff and anti-immigration policies, suggests a downturn. Indeed, in February, non-farm employment fell by 92K, and the unemployment rate rose to 4.4%. However, the United States is currently a net energy exporter. Its economy will suffer less from a rally in Brent and WTI above $100 per barrel than Europe or Asia. This is why the shock of rising oil and gas prices is reversing the ‘sell America’ flows. US stock indices have fallen less than their competitors, and the greenback has risen. Speculators have reduced their net shorts on the USD by two-thirds over the past few days. Even the increased chances of two ECB rate hikes this year to above 30% are not enough to halt the euro’s fall. Before the armed conflict in the Middle East, investors believed that the deposit rate would remain unchanged in 2026. Now they are confident it will rise from 2% to 2.25% and estimate the possibility of growth to 2.5% amid potential inflation acceleration. However, when geopolitics reigns supreme, central banks fade into the background. The ECB is unlikely to start a cycle of monetary tightening amid serious economic pain from energy disruptions and a surge in oil and gas prices. European reserves are depleted, and the region is a net importer of energy, with the lion's share coming from the Middle East. EURUSD rightly looks like one of the main currency pairs affected by the escalation of the conflict between the US, Israel and Iran on Forex. (FxPro)

Casino Culture News

Casino def:

a public room or building where gambling games are played. Origin: early 18th century (in the sense ‘small house’): from Italian, diminutive of casa ‘house’, from Latin casa ‘cottage’. The sense ‘public room for gambling’ dates from the mid 19th century.

History:

The history of casinos is a transformation from ancient social rituals to highly regulated, multi-billion-dollar global entertainment hubs. While gambling is as old as human civilisation, the "casino" as a dedicated physical building emerged in 17th-century Italy.

Key Historical Eras

Ancient Origins (3000 BC – 1600 AD) Earliest Evidence: Archaeological finds in Mesopotamia show six-sided dice made of bone used around 3000 BC.

China: Early forms of lotteries and tile games (precursors to dominoes) were used to fund state projects as early as 200 BC.

Rome & Greece: Betting on chariot races and gladiatorial contests was common, leading Romans to invent the first gambling chips to bypass anti-gambling laws.

The Birth of the "Casino" (1638 – 1800s), established in 1638, is recognized as the world's first official government-sanctioned gambling house.

Venice, Italy: The Ridotto established in 1638, is recognized as the world's first official government-sanctioned gambling house.

Etymology: The word "casino" comes from the Italian casa (house), originally referring to a small country villa or social club where people met for music and dancing.

European Expansion: Elaborate gaming houses spread to cities like Paris and Monte Carlo in the 19th century, catering to the aristocracy.

The American Frontier (1800s – 1931)

Saloons: Early American gambling thrived in western saloons and Mississippi riverboats, with New Orleans serving as an early hub.

Prohibition: By the early 20th century, most US states had outlawed gambling, pushing it underground until Nevada's legalization in 1931.

The Modern Era (1931 – Present)

Las Vegas: The legalization of gambling in Nevada (1931) led to the rise of the "Strip," with iconic resorts like the Flamingo (1946) pioneered by figures like Bugsy Siegel.

Global Shifts: Macau overtook Las Vegas in revenue in 2007, becoming the world's largest gambling market.

Digital Revolution: The first online casinos launched in 1994, transitioning the industry into the multi-billion-dollar digital space it is today.

The Lead Up

Markets/Trades

January 2026

Current

Jan 7 into 8

Sin City Sydney to Wall Street and Vegas

MGM Resorts International $34.12 -1.62 -4.53%

Wynn Resorts Ltd $116.37 -4.14 -3.44%

Las Vegas Sands $61.43 -2.35 -3.68%

Boyd Gaming Corporation $86.07 -1.74 -1.98%

Caesars Entertainment, Inc. $23.00 -0.77 =3.24%

Red Rock Resorts, Inc. $61.27 -0.82 -1.32%

Hilton Grand Vacations Inc. $46.04 -0.36 -0.78%

PENN Entertainment, Inc. $13.82 -0.99 -6.68%

Light & Wonder Inc CHESS $157.26 +0.36 +0.23% (ASX)

Profile

Light & Wonder, Inc., FKA Scientific Games Corporation, is an American corporation that provides gambling products and services. The co HQ in Enterprise, Nevada.
The gaming division provides products such as slot machines, table games, shuffling machines, and casino management systems. Bally, WMS & Shuffle Master.

January 2026

Jan 3

MGM Resorts International $36.49

Wynn Resorts Ltd $122.57 +2.24 +1.86%

Las Vegas Sands $65.21 +0.12 +0.18%

Boyd Gaming Corporation $86.19 +0.95 +1.11%

Caesars Entertainment, Inc. $23.56 +0.17 +0.73%

Red Rock Resorts, Inc. $62.97 +1.02 +1.65%

Hilton Grand Vacations Inc. $45.49 +0.74 +1.65%

PENN Entertainment, Inc. $14.85 +0.100 +0.68%

Light & Wonder Inc CHESS $156.00 -1.57 -1.00% (ASX)

News Flashback

Markets/Trades

News (post Xmas)

Dec 26

December 2025

New York, USA and Sin City Las Vegas

MGM Resorts International $37.68 +0.59 +1.59%

Wynn Resorts Ltd $124.36 -0.66 -0.53%

Las Vegas Sands $66.20 -0.13 -0.19%

Boyd Gaming Corporation $86.60 +1.19 +1.39%

Caesars Entertainment, Inc. $24.79 +0.29 +1.18%

Red Rock Resorts, Inc. $62.74 +0.69 +1.11%

Hilton Grand Vacations Inc. $45.22 +0.18 +0.40%

PENN Entertainment, Inc. $15.10 +0.46 +3.14%

Light & Wonder Inc CHESS $158.00 +0.54 0.34% (ASX)

News Flashback

Hotels offering up to 50% off rooms ahead of Black Friday

Nevada (Las Vegas)

A Strip casino-hotel has announced discounted room rates ahead of Black Friday, including up to 50 percent off rooms and resort credits. Sahara announced its “cyber steals” Wednesday, offering discounted rates on bookings into the first half of 2026. Until Dec. 3, travelers can book and receive 50 percent off “best available” room rates for stays through June 30, 2026, with no booking fees and guaranteed room type.

News

Three days of Formula One excitement about to hit the Strip

Nevada (Las Vegas)
The Las Vegas Grand Prix returns for its third year this week, transforming the Strip into a three-day motorsports extravaganza — complete with racing action, associated events and road closures across the corridor. This year’s spectacle is expected to draw 300,000 fans. “What I love about this event is that there truly is something for everyone,” said Emily Prazer, president and CEO of the Las Vegas Grand Prix.

News

Fallout exhibit anchors new era of atomic pop-culture tourism

Nevada (Las Vegas)
As Fallout fans converged on Southern Nevada for their annual pilgrimage, the National Atomic Testing Museum was transforming itself, stocking fridges with ice-cold Nuka-Cola, showcasing pristine bright blue Vault 33 suits and lighting up the iconic “Welcome to New Vegas” sign. The preparations heralded an unprecedented partnership between the museum and game publisher Bethesda Softworks, bringing the world’s largest publicly available Fallout collection to its spiritual home in Southern Nevada.

News

The Lead Up/Flashback

Casino, Gaming and Hotel Stocks

Markets/Trades

November 10, 2025

New York, USA and Sin City Las Vegas

MGM Resorts International $32.85 +0.19 +0.58%

Wynn Resorts Ltd $130.24 +4.10 +3.25%

Las Vegas Sands $66.35 +1.14 +1.74%

Boyd Gaming Corporation $83.06 +1.79 +2.15%

Caesars Entertainment, Inc. $20.27 +0.45 +2.27%

Red Rock Resorts, Inc. $59.21 +1.38 +2.39%

Hilton Grand Vacations Inc. $40.31 +0.58 +1.45%

PENN Entertainment, Inc. $15.81 +1.27 +8.71%

Light & Wonder, Inc. $89.50 +8.94 +11.10%

News

(In Case You Missed It - over a month ago)

Crown Resorts/Crown Perth, Australia

Writes:

We couldn’t be more proud of our Crown team members who volunteered their time to support Telethon7, a West Australian charity supporting sick kids and their families. For the 17th year, we were honoured to support the incredible work of Telethon, hosting the Telethon Ball at Crown Perth, answering phones in the call room, giving the Little Telethon Stars and their families a staycation at Crown Towers and sponsoring the Telethon Community Stage. On behalf of the Crown Resorts Foundation, Crown Perth CEO Brian Pereira FCA GAICD FAIM closed out the weekend with a $2.5 million donation towards Telethon. (Source: Crown Resorts/Crown Perth)

News

Current

U.S Sports

Two MLB pitchers indicted in gambling investigation

Two Major League Baseball pitchers allegedly conspired with sports bettors to rig pitches they threw so the bettors would profit from illegal wagers, federal prosecutors in Brooklyn and the FBI announced in an indictment on Sunday. Cleveland Guardians player Luis Leandro Ortiz was arrested Sunday at Logan Airport in Boston.

News

Non-gaming spending up 10.7%, per-capita down 2.6%

Asia (Macau)
Macau visitors spent MOP20.38 billion (US$2.55 billion) on non-gaming offerings last quarter, with this amount up by 10.7 per cent year on year…same-day visitors spent some MOP3.62 billion, an increase of 27.6 per cent – versus MOP16.76 billion by visitors who spent more than one day, up 7.6 per cent…per-capita spending fell 2.6 per cent, at MOP1,950…the third quarter of 2025 welcomed an increase of 13.6 per cent in visitation, which totalled 10.45 million.

News

F1 Las Vegas Grand Prix race weekend rooms

Nevada (Las Vegas)
Room rates on the Las Vegas Strip during this year’s Formula One Las Vegas Grand Prix weekend at the top two resort companies are mixed compared with last year. The average three-night room rate at MGM Resorts properties on Las Vegas Boulevard are higher for this year’s race weekend than last around the first week of November, while Caesars Entertainment’s rates are running lower than a year prior. The lowest available room rates at the nine MGM Resorts properties are averaging $1,624.08 for Nov. 20-23, up 24 percent.

News

Vanderpump, ‘I’m not going to price myself out of the market’

Nevada (Las Vegas)
Lisa Vanderpump has stamped her brand across the Strip. Her Vanderpump Hotel will replace the Cromwell next year. Vanderpump says she’s planning “attainable luxury” on the corner of the Strip and Flamingo Road. “It has to be something that everybody who has supported me can afford,” Vanderpump said. “I’m not going to price myself out of the market.”

News

Casino News

Resorts World estimates it will generate $2.5B for transit by 2030

New York (New York City)
Resorts World has estimated that it will send $2.5 billion to the MTA [over the next four years if it is awarded one of the gaming licenses by the state in December. Resorts World, which has operated a racino in South Ozone Park for the last 14 years and has long been considered one of the frontrunners to receive one of up to three downstate gaming licenses.

NBA, sportsbooks review most vulnerable bets, wager limits

National (sports)
In the wake of the NBA betting scandal, the league and its partner sportsbooks continue to review what types of bets are most vulnerable to manipulation and how much bettors should be allowed to wager on such bets, sources familiar with the discussions told ESPN on Thursday.

Macau
Macau’s gaming operators recorded gross gaming revenue of $3.01 billion in October, up 15.9%. The October GGR figure was 8.7% higher than the previous post-COVID record month of August. For the first 10 months of 2025 combined, GGR climbed to $25.7 billion – up 8.0%.

Major Strip operator predicts strong fourth quarter

Nevada (Las Vegas)
A slower summer in Las Vegas, marked by declining September visitation and muted gaming revenue, is prompting casinos to adjust their strategies, but top Strip executives remain cautiously optimistic about a rebound in the fourth quarter and into 2026… Bill Hornbuckle, president and chief executive officer of MGM Resorts, said, “Vegas is fine. Fundamentally, we feel good about the fourth quarter (of 2025).”

Developers of stalled casino project seek to keep plans alive

Nevada (Las Vegas)
Last fall, the developers of a stalled casino project faced some stark words at a Clark County Commission meeting. With the team behind Dream Las Vegas asking for more time on their approvals again, Commissioner Jim Gibson said the situation “can’t go on forever,” that officials want projects they “believe are really happening,” and the likelihood of more extensions down the road was “remote.” Now, the developers are back with yet another request for more time…commissioners on Wednesday are scheduled to consider a request for a third time extension on the Dream hotel-casino project.

Kelly Clarkson adds August 2026 dates Caesars Palace

Nevada (Las Vegas)
Grammy-winning singer Kelly Clarkson is adding four performances in August 2026 to her “Studio Sessions” residency at the Colosseum at Caesars Palace. The new shows are scheduled for Aug. 7, 8, 14 and 15. Clarkson, 43, launched the residency in July then postponed several dates after her ex-husband died. She rescheduled those performances to July and August 2026.

Off-Strip resort sets Elvis series, no-cover NYE shows

Nevada (Las Vegas)
Westgate is leaning into — and gyrating with — favorite showmen past and present. The off-Strip resort has formally announced details of what we posted some weeks ago, a series of Elvis revivals in 2026. “The King: 1973 Live — Aloha From Westgate” plays Jan. 14.

Thousands turn out in downtown Las Vegas for no-cover events

Nevada (Las Vegas) - John Katsilometes, Review-Journal - Crowds are eating up Feed The Block on Fremont East. And the annual Halloween adventure on the abutting Fremont Street Experience drew a mass of humanity on Friday night. Downtown was jammed on both nights. Diplo’s headlining performance drew about 10,400 people, city of Las Vegas stats, to the third Feed The Block event. This was on a Monday night, mind you. By comparison, about 2,200 people were counted in the same area on the Monday before Halloween. An average Friday night in September with no event is about 5,000 on the block.

News Flashback

Casino News

Nov 3, 2025

U.S. Online and Social Casinos

Fanatics Casino Expands with Major Launches: Fanatics Casino, which debuted its standalone real-money app in May 2025 across New Jersey, Pennsylvania, Michigan, and West Virginia, continues to gain traction with aggressive promotions and a robust game library, positioning it as a top new entrant for November.

New Sweepstakes Casinos Hit the Market:
Fresh platforms like Sweeps Royal and BankRolla launched in late October 2025, offering over 1,000 slots each, generous sign-up bonuses (e.g., 750,000 Gold Coins + 1 Sweeps Coin), and themed promotions for Halloween and beyond, targeting social gaming enthusiasts.

Top Social Casinos Ranked for November: McLuck and Crown Coins lead the list of U.S. social casinos with free Gold Coins play, welcome bonuses up to 500 spins, and 5,000+ titles, emphasizing no-risk sweepstakes-style.

November Bonus Offers Surge: Sites like BetMGM are rolling out 100% deposit matches up to $1,000 plus $25 no-deposit credits, while others like Bet365 offer spin bonuses, capitalizing on the month's promotions to attract new players.

Physical Casino Developments

Resorts World New York Boosts Economic Projections: The casino has revised its forecast for contributions to the Metropolitan Transportation Authority (MTA) upward to $2.5 billion, highlighting ongoing revenue growth from slots and table Casino Dotorg

Arizona Tribe Eyes Major Redevelopment: The Salt River Pima-Maricopa Indian Community is seeking proposals to transform a former mine site near Loop 101 into a potential replacement for Casino Arizona, promising economic boosts and new gaming facilities.

Canadian Casino Relocation Breaks Ground: The Battlefords Agency Tribal Chiefs broke ground on a $100 million project to relocate the Gold Eagle Casino to a 67-acre site in North Battleford, Saskatchewan, aiming to enhance tourism and community development.

International and Regulatory News
Finland Ends State Gambling Monopoly: On November 3, 2025, Finland introduced a new licensing system, allowing private operators to enter the market for the first time and breaking Veikkaus Oy’s long-standing exclusivity on slots, lotteries, and betting.

UK Faces Backlash Over 24-Hour Slot Casino: Tynemouth MP Alan Campbell criticized the approval of a controversial 24-hour slots venue at Preston Grange, calling it a "terrible decision" amid concerns over gambling addiction and community impact.

YouTube Cracks Down on Gambling Content: Starting November 2025, YouTube is enforcing stricter rules on gambling and gaming videos, including age restrictions and demonetization, to protect younger audiences from promotional content.

Legal and Industry Updates
BetMGM Lawsuit Advances: A federal judge denied BetMGM's motion to dismiss a lawsuit from VIP gambler Larry Murk, who alleges the operator unfairly inserted him into an online promo contest; oral arguments are scheduled for January 26, 2026.

No-KYC Casinos Gain Popularity: Platforms like BetWhale and BitStarz are seeing a 68% uptick in users opting for anonymous play without ID verification, offering faster payouts and privacy-focused real-money gaming.

News

WWE and UFC Themed Slot Games Continue To Build Upon Popularity; TKO Beancounters See Strong Merit; No Official Betting On TKO's/WWE Action Pro Wrestling Match Outcomes!

UFC MMA Match Betting Remains Bullish! UFC themed 'The Smashing Machine' movie gets strong industry and fan reviews; UFC/MMA themed movie 'Brawler' still happening; Tipped to be a big hit in Vegas (Media Man Group/Casino News Media)

News Flashback And Lead Up

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)

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

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News Flashback

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.

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