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Gambling.com Lost Nearly Two-Thirds of Its Market Capitalization

Gambling.com had a terrible year, losing nearly two-thirds of its market capitalization, making it the worst performer in our coverage of gaming stocks. In January, GAMB completed the acquisition of Odds Holdings (parent company of OpticOdds and OddsJam), a sports analytics platform. The deal was valued at up to $160 million, of which $80 million was paid initially in cash and stock, and was the largest in the company’s history.

Gambling.com has been pivoting from a pure-play marketing affiliate to a broader sports data and media ecosystem company, which has started to reflect in its earnings. Revenue from sports data services quadrupled year-over-year in Q3 2025 and accounts for around a quarter of its total revenues. The management is upbeat on the prospects of the sports data services business, which it believes is a multi-billion-dollar total addressable market.

Notably, prediction markets like Kalshi and Polymarket use OpticOdds data, and it acts as the virtual “operating system” for their sports and event-based trading. Gambling.com expects the sports data business to become “core” in the future as it benefits from the high growth in prediction markets.

However, like many digital publishers, GAMB faced volatility due to Google search algorithm updates and the rise of AI-generated search results, which pressured the company’s organic traffic rankings. These changes prompted GAMB to lower its guidance twice this year, and its most recent guidance calls for revenues of $165 million and adjusted EBITDA of $58 million.

Analysts Expect Massive Upside in GAMB Stock in 2026

Looking forward, analysts expect Gambling.com to report revenues of $46.06 million in Q4 2025, which represents a year-over-year rise of 30.4% and is in line with the company’s guidance. The adjusted EBITDA is expected to rise 4.1% to $15.1 million, which would push the full-year number to nearly $58 million.

While GAMB had a disappointing year to say the least, analysts see substantial upside over the next year amid the company’s pivot towards the prediction markets business. While GAMB has received a consensus rating of “Hold” from analysts, most of whom have gradually lowered their target prices this year, the stock’s mean target price of $12.29 is over 135% higher than its current levels.

Better Collective Shares Almost Flat This Year

Better Collective had a volatile year, and the stock fell to its 2025 low of SEK 95.5 in April amid the sell-off following President Trump’s tariff war. The stock quickly rebounded and hit a high of SEK 148.22 in July. However, it could not hold onto those levels and is down over 23% from its highs, pushing the stock into bear market territory.

BETCO is currently up just about 2% for the year and is set to underperform most of its gaming peers. While the shares were out of favor with the market this year, the company announced a €20 million share buyback program in August, following a previous €10 million buyback program announced in May. Earlier this month, the company said that it had reached the 5% threshold for treasury shares and would now convene an extraordinary general meeting in January to decide on the cancellation of all repurchased shares.

Better Collective faced a regulatory change this year as Brazil transitioned to a fully regulated market, which impacted the company’s profitability. However, while the transition is a short-term headwind, it will help build a more sustainable business in the country.

Overall, 2025 was an eventful year for Better Collective. In May, it embarked on a “transformative journey.” As part of that transformation, the company elevated co-founder and COO Christian Kirk Rasmussen as Co-CEO alongside Jesper Søgaard. This split allows Søgaard to focus on external strategy and M&A, while Rasmussen oversees daily innovation, product development, and operational execution.

Better Collective Changes Its Reporting Structure

The company also dismantled its geographic management structure in favor of three global business verticals: Publishing, Paid Media, and Esports. Notably, the company grew rapidly inorganically, acquiring nearly three dozen companies over the previous seven years. The new structure helps it streamline the business and cut costs, including through mass layoffs.

In September, Better Collective launched Playbook, its AI-powered betting assistant. The launch was timed ahead of the NFL season with BETCO planning additional key markets in the future. It also partnered with X (formerly Twitter) to integrate Playbook directly into the microblogging platform, which would provide fans with access to personalized and AI-generated bet slips on the platform.

Better Collective Maintained Its 2025 Guidance
While Better Collective saw a revenue decline in Q3 due to lower sports margin wins, it maintained its 2025 guidance and still expects to post revenues between €320 million and €350 million, with an adjusted EBITDA between €100 million and €120 million. The company has completed the €50 million cost-cutting program, which would help it boost its profits structurally.

While BETCO shares have declined this year, consensus estimates predict a 50% rally over the next year.

Catena Media Looks Set to Close in the Red

Catena Media stock is down over 7% for the year and looks set to close 2025 in the red unless there’s a year-end rally. The year started well for Catena, and it hit its 2025 high of SEK 495 towards the end of January. It bottomed at SEK 372 on April 9 amid the reciprocal tariffs unleashed by President Trump, but has since rebounded.

Catena focused on a major “turnaround” strategy in 2025, following a difficult 2024 during which it lost nearly half of its market capitalization. 2025 was characterized by cost-cutting, revenue diversification, and a significant shift toward the North American market.

Catena Delivered on Turnaround Strategy

The company’s 2025 strategy centered on three key areas: people, product, and profit. As part of the strategy, the company achieved a 39% year-over-year reduction in personnel costs in Q3. In product, the company pivoted to performance marketing verticals, paid media, CRM, and sub-affiliates, which continue to offset its heavy reliance on SEO. The company also saw improvements in profitability, with its adjusted EBITDA margin nearly doubling to 25% in Q3.

The turnaround strategy helped revive Catena’s growth, and the company’s revenues and EBITDA from continuing operations showed year-over-year growth in Q3 2025. Notably, North America accounted for 96% of the sales, a record high for the Malta-based company. The yearly growth cannot be overemphasized as the company achieved the feat after 14 consecutive quarters of negative growth.

In Q3, the company launched its sub-affiliation platform, MRKTPLAYS.com, to connect affiliates and operators, replacing the manual processes. During the quarter, it also cleared Google’s Core Web Vitals assessment for all of its top-tier products. It was a vital development as Google uses Core Web Vitals as a ranking factor.

Looking forward, the company intends to focus on prediction markets and stated that, while it has lower CPAs compared to the sportsbook and casino verticals in general, it is a play on higher volumes.

Analysts are optimistic about the company’s Q4 performance and expect sales growth to expand from the 9% reported in Q3. During their Q3 earnings call, management said that it expects Q4 sales to rise 15% on a currency-neutral basis.

Catena Faces Headwinds from AI Search, Bans on Sweepstakes Casinos
That said, the company faces several headwinds that also impact its industry peers. These include the growing traction of AI search, many of which are zero-click, thereby leading to revenue losses for online publishers.

There is also the challenge from the regulatory environment surrounding social sweepstakes casinos, which had become a critical but increasingly volatile revenue driver for the company. While sweepstakes served as a “bridge” to future regulated online gaming, they also presented some of the year’s most significant legal headwinds.

California has banned social sweepstakes casinos, effective next year, and Catena CEO Manuel Stan has warned that the company is bracing for the full impact of this ban to be reflected in its Q1 2026 earnings. There is also concern that other states may follow California’s lead,

Movie News/Entertainment/Pop Culture

Netflix Casino Based Series, Casino Culture/Entertainment and more

December 2025

Past, Present and Future

Martin Scorsese, creators of ‘Billions’ teaming up for Netflix Las Vegas drama

Netflix has ordered a series set in Las Vegas from three people who know the territory well: Casino director Martin Scorsese and Ocean’s Thirteen writers and Billions co-creators Brian Koppelman and David Levien.

The streamer has given an eight-episode order to the drama, which will center on the president of a hot Las Vegas hotel/casino and the moves he makes to secure and expand his position in the city. Koppelman and Levien are writing the currently untitled show and will serve as showrunners.

The pair will executive produce with Scorsese and his Sikelia Productions, Julie Yorn and Rick Yorn of Expanded Media, Paul Schiff and Beth Schacter.

News Under The Casino Table!

Casino Notes

Casino (TV series / mini-series) Casino (1995–1997):
A famous five-part American television mini-series directed by Martin Scorsese, sometimes referred to as the “Casino trilogy/series” informally because it completes Scorsese’s unofficial mafia trilogy (along with Goodfellas and Casino the movie). However, it’s not actually a traditional TV series but a long-form film released in parts in some countries.

More commonly, people just mean the 1995 film Casino itself when they say “Casino series.”

News

Casino (1995) – Martin Scorsese Film & Its Informal "Series"

The iconic 1995 film Casino directed by Martin Scorsese, starring Robert De Niro, Joe Pesci, and Sharon Stone, is often grouped with Scorsese’s other mafia/gangster films as an unofficial trilogy:

Goodfellas (1990) Casino (1995) The Irishman (2019)

Fans and critics frequently refer to these three as Scorsese’s “Casino trilogy” or “mob series,” even though they are not direct sequels.

News

Casino (2005–2006) – A short-lived Norwegian drama series about a group of friends running an illegal poker club.

Las Vegas (2003–2008) – NBC series starring James Caan and Josh Duhamel set in a fictional Las Vegas casino (the Montecito). Often what people mean when they say “casino series” in the 2000s context.

Tilt (2005) – ESPN drama about professional poker players trying to take down a corrupt card room boss.

Luck (2012) – HBO series created by David Milch, set at a California racetrack with heavy gambling elements (cancelled after one season).

YouTube / Streaming Content (Modern Usage)

In recent years, “Casino Series” most commonly refers to long-running YouTube or Twitch slot machine/streaming series by popular gambling creators:

NG Slot – “Casino Series” episodes where he plays high-limit slots in Las Vegas and elsewhere.

The Big Jackpot (Raja) – Famous for his “Boom!” catchphrase and multi-hour “Casino Series” videos.

Slotlady, Brian Christopher Slots, etc., all have ongoing “casino series” playlists.

Poker Tournament Series

Major recurring poker tournament festivals are sometimes called “casino series”

Wynn Signature Series

Venetian DeepStack Extravaganza

Aria Poker Classic

Commerce Casino’s L.A. Poker Classic series, etc.

News

Notes

Many online casinos (PokerStars, 888poker, partypoker, GGPoker, ACR Poker, etc.) run branded poker tournament series with “Casino” in the name, for example:

PokerStars Casino Series (occasional themed online festivals)
888poker Casino Pride Series or similar regional series GGPoker sometimes partners with land-based casinos for “Casino Championship Series”
Land-based casino tournament series
Major casino chains frequently host recurring poker or slots series:

Wynn Signature Series (Wynn Las Vegas)

Venetian DeepStack Extravaganza / DeepStack Championship Series

Seminole Hard Rock Poker Open (SHRPO)
Commerce Casino LA Poker Classic series
Choctaw Casino Championship Series (Durant, Oklahoma)
Borgata Poker Open / Almighties Million series

News, Background, Stockmarket

Markets/Trades: Near Live

Casino, Gaming and Hotel Stocks

Markets/Trades

November 20, 2025

New York, USA and Sin City Las Vegas

MGM Resorts International $30.90 -0.20 -0.64%

Wynn Resorts Ltd $117.95 -0.37 -0.31%

Las Vegas Sands $64.13 + 0.14% +0.047%

Boyd Gaming Corporation $78.25 -0.38 -0.48%

Caesars Entertainment, Inc. $20.02 +0.040 +0.20%

Red Rock Resorts, Inc. $54.30 -0.41 -0.75%

Hilton Grand Vacations Inc. $37.26 -0.13 -0.35%

PENN Entertainment, Inc. $13.98 +0.020 +0.14%

Light & Wonder, Inc. $88.72 -2.20 -2.42%

News

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 - 2 Weeks 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 Lead Up

Markets/Trades

November 3, 2025

New York, USA and Sin City Las Vegas

MGM Resorts International $32.13 +0.10 +0.31%

Wynn Resorts Ltd $125.73 +6.74 +5.66%

Las Vegas Sands $61.73 +2.38 +4.01%

Boyd Gaming Corporation $79.45 +1.58 +2.03%

Caesars Entertainment, Inc. $20.45 +0.35 +1.74%

Red Rock Resorts, Inc. $54.07 +0.76 +1.43%

Hilton Grand Vacations Inc. $41.85 +0.40 +0.97%

PENN Entertainment, Inc. $16.62 +0.16 +0.97%

Light & Wonder, Inc. $73.62 +0.92 +1.27%

News Bonus

NVIDIA Corporation (NVDA) $206.88 +4.39 +2.17%

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

Casino, Gaming and Hotel Stocks

Markets/Trades

Oct 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 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.

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)

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

News

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

News

Developer celebrates opening of new Las Vegas hotel

Casino News: Las Vegas

Key Expansions and Projects

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.

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

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

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.

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%

September 26, 2025

New York, USA

MGM Resorts International $35.60 +1.12 +3.25%

Wynn Resorts Ltd $128.97 +3.13 +2.49%

Las Vegas Sands $54.01 +0.95 +1.79%

Boyd Gaming Corporation $85.94 +1.45 +1.72%

Caesars Entertainment, Inc. $27.04 +1.13 +4.36%

Red Rock Resorts, Inc. $61.73 +1.75 +2.92%

Hilton Grand Vacations Inc. $43.49 +0.59 +1.38%

PENN Entertainment, Inc. $19.80 +0.26 +1.33%

Light & Wonder, Inc. $84.96 +0.30 +0.35%

News Bonus

NVIDIA Corporation (NVDA) $178.19 +0.50 +0.28%

TKO Group $199.04 +3.25 +1.66%

Casino News

Casino: a public room or building where gambling games are played. "He was a keen gambler and often went to casinos". A facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions.

Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sporting events. The term casino is of Italian origin, from the root word casa meaning "house." Originally, the term referred to a small country villa, summerhouse, or social club. During the 19th century, casino came to encompass other public buildings where pleasurable activities took place.

The precise origin of gambling is unknown, but it is believed to have existed in nearly every society in history. The first known European gambling house, the Ridotto, was established in Venice, Italy, in 1638 to provide controlled gambling during the carnival season. In the United States, early gambling establishments were known as saloons. In the early 20th century, gambling was outlawed in the U.S. by state legislation. However, in 1931, gambling was legalized in Nevada, leading to the rise of Las Vegas as a major gambling center. In 1976, New Jersey allowed gambling in Atlantic City, which is now the second-largest gambling city in the U.S.

Casinos offer a variety of games of chance, which in some cases involve an element of skill. Common games include craps, roulette, baccarat, blackjack, and video poker. All casino games have a mathematically determined advantage for the house, known as the house edge, which ensures that the casino will make a profit in the long run. The percentage of funds returned to players as winnings is known as the payout. Slot machines have become one of the most popular forms of gambling in casinos. The design of a casino, including factors like sound, odour, and lighting, is often carefully controlled to encourage gambling.

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

New York City's Casino License Race Heats Up:

Manhattan Proposals Rejected, Yonkers and Queens Advance

All three proposed casino projects in Manhattan have been voted down by local community committees, including the high-profile $11.2 billion Freedom Plaza bid near the UN headquarters, operated by Mohegan and developer Stefan Soloviev. This leaves no casino developments in Manhattan for now.

On a positive note, MGM Resorts' $2.3 billion expansion of Empire City Casino in Yonkers and Genting Group's $5.5 billion Resorts World upgrade in Queens received key approvals from advisory panels on September 25, moving them to the state licensing board. Developers are promising billions in community investments, jobs, and infrastructure to sway officials.

Social buzz: X users are debating the economic impact, with some calling it a win for suburban gambling hubs over urban congestion.

Michigan Cracks Down on Unlicensed Online Casinos

The Michigan Gaming Control Board issued cease-and-desist orders to eight unlicensed online operators targeting residents, emphasizing risks to player data and fair play. This aligns with broader U.S. enforcement trends under state laws like the Lawful Internet Gaming Act.

Boom in New Online and Sweepstakes Casinos for U.S. Players

September 2025 has seen a surge of fresh platforms, with experts ranking sites like Ignition, Jackbit, Wild io, BitStarz, and Rakebit for their fast payouts, crypto support, and bonuses up to $1,000 match + free spins. New sweepstakes options include LoneStar Casino (500+ games, 100K Gold Coins no-deposit bonus), Sixty6 (1,500 slots), and Rich Sweeps (5,000-game launch).

Standouts for social/sweepstakes play: GameDayZone (NFL-timed debut), Shuffle us (spin-off from Shuffle dotcome), and Sweeps Royal (mobile-first with generous promos). These focus on no-purchase entry, quick redemptions, and AI personalization.

Directory

Website

Global Gaming Directory

Gaming/Casino News

Star rolls the dice on deals that will decide its survival

July 7, 2025

US casino operator Bally's Corp announced a $300 million rescue plan for Star Entertainment earlier this year. However, it has stated it might pull out of the deal if Austrac imposes a threatened $400 million fine on Star for breaches of money laundering controls at its casinos. Meanwhile, Chow Tai Fook Enterprises and Far East Consortium have threatened to walk away from a deal that would see the Hong Kong-based joint venture partners in the Queen's Wharf complex acquiring Star's 50 per cent stake in the asset. K Capital Group's David Kingston, whose firm holds senior debt in Star, believes that deal will go ahead, while he thinks the Austrac fine may end up being closer to $150 million and could be paid off in instalments, which would make it more manageable. (Roy Morgan Summary)

News

Former SkyCity bosses targeted in legal action

A shareholder in casino group SkyCity Entertainment is targeting eight of its former executives and board members in legal action in the NSW Supreme Court. Stephen Wright's action relates to anti-money laundering failures that led the Federal Court to order in 2024 that SkyCity pay a $67 million penalty to financial crime regulator Austrac. Wright is seeking to recoup some or all of the fine, which he claims occurred on the 'watch' of the former executives and directors. (RMS)

News

Las Vegas Casino News

These updates reflect a mix of economic challenges, operational shifts, and new offerings in Las Vegas’ casino landscape

Gaming Revenue Decline: In May 2025, Nevada's gaming revenue dropped 2.2% to $1.29 billion, with the Las Vegas Strip seeing a 3.87% decrease to $713.8 million, marking four consecutive months of decline. Downtown Las Vegas revenue fell 11.3%, though North Las Vegas saw a 6.5% increase. Analysts attribute this to a tourism slump, with May visitation down 6.5%.

Casino Closures in Primm: Buffalo Bill’s Resort and Casino in Primm, 40 miles south of Las Vegas, will cease 24/7 operations, shifting to Primm Valley Resort and Casino, with closures starting after July 6, 2025. It will open only for special events. This follows the December 2024 closure of Whiskey Pete’s, reflecting reduced traffic post-pandemic.

New Slot Game Launch: Competition Interactive debuted the immersive "Running Rich GRAND PRIX" slot game at two Station Casinos, with plans for expansion across Las Vegas by summer's end, aiming to redefine casino experiences with interactive gameplay.

Fire Incident: A fire broke out in a storage room at The Cromwell’s parking garage on July 4, 2025, causing smoke to drift over the Strip. No injuries were reported, and the Clark County Fire Department responded promptly.

Proposed Gambling Tax Changes: Rep. Dina Titus plans to introduce a bill to reverse a provision in the federal budget limiting gambling loss deductions to 90% of winnings, which she and Circa owner Derek Stevens argue pushes gambling to unregulated black markets.

Layoffs Amid Tourism Slump: A slowdown in tourism has led to layoffs, particularly among casino dealers, at major Strip resorts like Fontainebleau and Resorts World. Las Vegas’ unemployment rate hit 5.9% in 2024, the highest among large U.S. metro areas.

Casino Rankings and Operations: A study ranked Las Vegas fourth among U.S. casino cities, behind others like Chicago, prompting debate. Resorts World appointed Tim McMahon as senior VP of slot operations, and Rio Las Vegas revamped its rewards program with enhanced benefits.

Public Sentiment: Posts on X reflect frustration with high costs (e.g., resort fees, expensive amenities) and a perceived decline in the Strip’s appeal, contributing to fewer visitors.

News

Gaming Flashback

Brand Spotlight

UFC Slot Game

The UFC Slot Game has garnered attention for blending the excitement of Mixed Martial Arts (MMA) with the thrill of casino gaming. Here's an overview based on recent developments and reviews:

Game Features: "UFC Gold Blitz Extreme" includes several engaging features such as:

Cash Collect and Gold Blitz features which can award one of four jackpots.

Wild symbols for increased winning chances, and a free spins round with a progressive multiplier.

The game's RTP is approximately 96.25%, offering high volatility for those seeking significant wins.

These developments highlight a growing trend of integrating popular sports themes into casino games, offering fans new ways to interact with their favorite sports outside of live events. (Grok)

News

WWE Slot Game

WWE Legends: Link & Win
Developer: All41 Studios and Microgaming Features: A 5-reel, 25-payline slot with high volatility and a 96.4% RTP. It includes iconic WWE stars like Stone Cold Steve Austin, Eddie Guerrero, Macho Man Randy Savage, and Booker T. Key features include the Link & Win respin round triggered by 6+ coin symbols, offering multipliers, jackpots (Mini: 50x, Minor: 100x, Major: 1,000x), and special features. Free spins with giant 3x3 symbols on the middle reels and an optional HyperSpins feature for respinning individual reels enhance gameplay.

Videos of wrestlers’ signature moves accompany wins, adding nostalgia.

Betting Range: $0.10 to $20 per spin, suitable for casual players but potentially limiting for high rollers.

Maximum win is 20,000x your wager.

Availability: Playable on desktop and mobile at casinos like PartyCasino and Genting Casino. A demo version is available at Casino Guru for free play.

WWE Clash of the Wilds

Developer: All41 Studios

Features: A 5-reel, 3-row slot with 40 paylines, medium to high volatility, and a 96% RTP.

Potential wins reach up to 10,000x your bet. Betting Range: Minimum bet of $0.20, maximum of $25.

Payment options include debit/credit cards, e-wallets like PayPal, and Bitcoin.

Availability: Available at VegasSlotsOnline and Prime Slots, with over 16,000 free games offered on the former.

Other Wrestling-Themed Slots

Lucha Legends: A Microgaming slot with a lucha libre theme, featuring 5 reels, 25 paylines, and Super Wilds with 2x or 3x multipliers.

It includes luchadors like Burro and Martio, with a Power Up Mode for enhanced wins.

Hulkamania: Based on Hulk Hogan, this slot offers bonus games like Big Fight and Arm Wrestling, triggered by championship belts or arm-wrestling symbols.

Andre the Giant: A 5-reel, 25-payline slot celebrating the wrestling legend, also by Microgaming.

Where to Play:

Free Play: Sites like VegasSlotsOnline and Casino Guru offer demo modes for WWE Clash of the Wilds and WWE Legends, respectively, requiring no download.

Real Money: Trusted casinos like Genting Casino, PartyCasino and Prime Slots provide these games with bonuses (e.g., deposit matches up to $50-$100).

Always check for free credit offers or no-deposit bonuses to try games risk-free.

E-Wallets: Many platforms support secure payments via e-wallets (e.g., PayPal, Skrill) for fast, encrypted transactions.

Tips:

Check the RTP and volatility to match your risk preference (e.g., high volatility for bigger but less frequent wins).

Explore free demos to understand gameplay before betting real money.

Look for casino promotions, but review wagering requirements (e.g., 30x-60x bonus amount).

For the best experience, visit reputable sites like those mentioned or check Microgaming’s recommended casinos for secure gameplay.

News

Best Quotes (Media Man Group)

"Everything is a gamble"

"Spin to win"

"Bet with your head, not over it"

Casino News

June 2025

Las Vegas Explosion at Aria Resort and Casino: A significant explosion occurred outside the Aria Resort and Casino on the Las Vegas Strip on June 14, 2025, prompting a swift response from emergency services. Terrifying footage captured the blast, which follows a recent shooting near the Bellagio fountains, raising concerns about safety on the Strip.

Brisbane Star Casino Incident: On June 13, 2025, emergency services responded to an incident outside the Star Casino in Brisbane, Australia, following a reported hammer attack and heist on George Street. This adds to ongoing scrutiny of the casino’s operations.

Crown Sydney Poker Machine Ban: Australia’s largest casino group, Crown, was blocked from expanding poker machine operations at its Sydney casino on June 12, 2025. NSW Premier Chris Minns rejected legislation to allow poker machines at Crown’s Barangaroo facility, citing community agreements and prior regulatory issues.

Chicago Casino Settles Discrimination Lawsuit: Bally’s Chicago casino settled a lawsuit on June 12, 2025, after accusations of barring White men from investing in its $250 million IPO. The casino dropped its minority- and women-only investment policy, opening ownership to all investors.

The Star Casino Money Laundering Scandal: The Star casino in Sydney faces a potential $400 million fine for enabling risky transactions, including $167 million in credit to a known money launderer. Financial watchdog AUSTRAC is pursuing the case, with the casino admitting to inadequate processes.

Las Vegas Tourism Slump and Layoffs: A slowdown in Las Vegas tourism has led to layoffs of casino dealers, with resorts like Fontainebleau and Resorts World affected. The average hourly wage for dealers in Nevada is $19.96, aligning with the national average.

Wynn Resorts UAE Expansion: Wynn Resorts announced plans for a major casino in Ras Al Khaimah, UAE, featuring a 224,000 sq. ft. main casino and a private “sky gaming” floor. Wynn remains the only casino license holder in the UAE.

Online Casino Developments:
In the Philippines, iGaming.com released updated rankings for licensed online casinos for 2025, emphasizing regulation and responsible gambling practices.

In the UK, Tea Spins launched as a new online casino, offering innovative games and fast payouts while adhering to strict UK regulations.

New UK Mastercard casinos for 2025, like Pub Casino and BetMGM UK, were highlighted for secure payments and attractive bonuses.

Bitcoin Casino Promotions: Posts on X promoted a new Bitcoin casino offering a weekly 1 BTC giveaway, a VISA card for crypto spending, and cashback rewards, reflecting the growing trend of cryptocurrency in online gaming.

Tribeca Festival Celebrates Casino’s 30th Anniversary: Martin Scorsese’s 1995 film Casino was screened at the Tribeca Festival, with Robert De Niro and Scorsese discussing its themes and production challenges, including its depiction of Las Vegas’s mafia era.

News

Vegas Casino News

Crime and Safety: A suspect in a deadly shooting at Aliante Casino, Aerion Warmsley, faces potential death penalty charges following a violent crime spree involving murder, carjackings, and a high-speed chase. Separately, an explosion outside Aria Resort and Casino, caused by fireworks thrown from a vehicle, set a palm tree ablaze but caused no injuries.

Casino Rankings: A study by SlotMatrix ranked Las Vegas fourth among U.S. casino cities, behind Chicago, Detroit, and Atlantic City, surprising some given Vegas’s iconic status.

Expansions and Renovations: El Cortez Hotel & Casino completed a $20 million expansion, adding a high-limit lounge, new bars, a restaurant, and nearly 200 slot machines. Palms Casino Resort reopened its “Til Death Do Us Part” wedding chapel with unique pop art decor.

Jackpots and Events: A gambler won over $28,000 on an 88-cent bet at Palms’ Dancing Drums slot machine. Circa Resort and Casino plans “Slotapalozza,” a major slot tournament on July 19 with $15,000 in prizes.

Economic Trends: Las Vegas Strip casinos face declining tourism (down 6.5% from January to April 2025) and gaming revenue (down 3.3% over nine months). Some casinos, like Fontainebleau and Resorts World, have laid off table game dealers due to reduced visitors and increased automation.

Policy and Regulation: Casinos remain cautious about cannabis due to federal illegality, despite local legalization, to protect their licenses. Paris Las Vegas introduced a “Luck of the Draw” room booking option, letting guests gamble on their room type.

Entertainment: The Las Vegas Strip sees extended residencies, with The Backstreet Boys scheduling 21 shows at Sphere and Kenny Chesney performing through June 21.

News

Australian Casino News

Regulatory Actions and Fines: The Star casino has faced scrutiny, with calls to avoid a $400 million fine that could threaten its operations due to systemic failures in tackling money laundering and terrorism financing. Meanwhile, PointsBet Australia was fined $500,800 for sending 508 marketing messages to self-excluded individuals, breaching spam and gambling laws.

Poker Machine Restrictions: The NSW government, led by Premier Chris Minns, blocked Crown Resorts' bid to install poker machines at its Barangaroo casino in Sydney, maintaining strict licensing conditions. This decision followed a damning report on poker machine regulation, highlighting community concerns about gambling harm. NSW accounts for half of Australia's poker machines, with significant losses reported daily.

Money Laundering Concerns: Casinos in Townsville and Darwin (Mindil Beach Casino Resort) are under audit by AUSTRAC due to high risks of money laundering. This follows similar actions against major operators like Crown Resorts and The Star, indicating heightened regulatory oversight.

Online Casino Trends: The online gambling sector is booming, with Australians spending over $2.5 billion annually. Players prioritize platforms with robust security, extensive pokies libraries, and generous bonuses. Roby Casino was named the best PayPal casino, while Highflybet emerged as a top new online casino for 2025. Mobile gaming is significant, with over 70% of players using smartphones.

Gambling Harm and Advertising: There’s growing concern over gambling advertising, with 76% of Australians supporting a phased ban. Independent Senator David Pocock criticized Tabcorp’s plans to expand gaming rooms, citing government inaction. The Labor government faces pressure to address underage gambling and harmful practices.

Industry Leadership Changes: Entain Australia’s CEO, Dean Shannon, announced his departure by June 30, 2025, amid legal challenges over money laundering compliance.

Physical Casino Developments: Crown Towers Melbourne is reportedly in need of refurbishment to remain competitive, while a violent incident outside The Star Casino in Brisbane involved a hammer attack.

News

UAE: Casino News

Wynn Al Marjan Island: Wynn Resorts is spearheading the UAE's first legal casino, set to open in early 2027 in Ras Al Khaimah. The $5.1 billion Wynn Al Marjan Island resort is nearly 60% complete, with construction progressing at one floor per week, currently at the 42nd of 70 planned floors. It will feature a 224,000 sq. ft. main casino—larger than its Las Vegas counterpart—and a private “sky gaming” floor on the 22nd level. Wynn secured the UAE’s first commercial gaming license in October 2024, granting an exclusive 15-year term for casino operations in Ras Al Khaimah. The resort aims to attract Middle Eastern tourists while being culturally sensitive, leveraging Wynn’s acquisition of Crown London to draw regional visitors. A survey by duke+mir via YouGov indicates 25% of UAE residents are likely to participate in casino activities, with interest in poker (19%) and bingo (15%) notable. The project is expected to boost tourism and position Ras Al Khaimah as a global gaming destination, comparable to Singapore’s casino launch in 2010.

Fennica Gaming License: Veikkaus subsidiary Fennica Gaming has become the latest supplier to secure an online gaming license from the UAE’s General Commercial Gaming Regulatory Authority (GCGRA). This allows Fennica to partner with licensed operators, offering online casino content like slots, video poker, and instant-win games via its Google Cloud-powered GaaS platform. Fennica is also approved in markets like the UK, Sweden, and the Netherlands.

Regulatory Developments: The GCGRA, established to oversee the UAE’s gaming sector, has introduced frameworks for lotteries, online gaming, sports betting, and casinos. In 2024, The Game LLC received the first license to operate the UAE Lottery, which began in November 2024. The GCGRA also signed an MOU with New Jersey’s Division of Gaming Enforcement to collaborate on responsible gambling, technology, and cybersecurity, leveraging New Jersey’s experience with regulated online gaming since 2013.

Online Gaming Crackdown: The UAE is cracking down on unregulated online casino websites, with several major platforms blocked recently. Industry insider Jad Moubarak suggested this could signal the introduction of regulated online gaming platforms to fill the gap, though the GCGRA may proceed cautiously. Research indicates 41% of UAE residents engage in sports betting, with online casino interest growing.

Economic and Tourism Impact: The gaming sector is seen as a key pillar for the UAE’s economic diversification, driving tourism and foreign investment. Wynn Al Marjan Island’s proximity to 150 million people positions it to attract international visitors, with infrastructure upgrades underway to support an influx of tourists. The project is expected to have a significant economic impact, mirroring trends in mature gaming markets like the UK.

These developments indicate the UAE’s strategic move toward regulated gaming, balancing cultural sensitivities with economic opportunities.

News

Casino News Media

Las Vegas Crime: A 19-year-old, Aerion Warmsley, is accused of a deadly shooting at Aliante Casino’s parking garage, followed by multiple carjackings. Grand jury evidence, including video footage, was obtained by FOX5.

Casino Del Sol Expansion: In Tucson, Arizona, Casino Del Sol and the Pascua Yaqui Tribe celebrated a construction milestone for a new property on Grant Road, expected to create jobs and economic opportunities.

Online Casino Trends: RoboCat Casino in Canada launched a $1 minimum deposit option, making online gaming more accessible. Meanwhile, Lucky Creek Casino added new real-money games to enhance its 2025 offerings.

Crypto Casinos: A 2025 study by Radcred highlights the rise of crypto casinos, emphasizing their transparency and speed due to blockchain technology. Only a few platforms earned high trust ratings.

Macau Closures: Nine satellite casinos in Macau, including Casino Grandview and Casino Waldo, will close by December 2025 due to new gaming law reforms, impacting 6,000 jobs.

Tribal Casino Developments: In Idaho, the Shoshone-Paiute and Coeur d’Alene tribes blessed land for a new casino south of Boise. In Vancouver, the Tsleil-Waututh Nation is negotiating to buy a casino at Hastings Park.

Regulatory Changes: Sweden plans to extend its ban on gambling with credit, while Maine is discussing online casino legalization through tribal compacts.

Social Media Sentiment: Posts on X highlight a mix of casino-related news, from Las Vegas incidents to new game promotions, reflecting ongoing public interest.

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Bitcoin Casinos: News

Growing Popularity in Australia: Bitcoin casinos are gaining traction among Australian players due to their fast payouts and generous bonuses. Platforms like Betpanda offer anonymous gaming with instant withdrawals, while BC.Game is noted for provably fair instant win games. CoinCasino is highlighted for its extensive game selection and sports betting options, supporting a wide range of cryptocurrencies including Bitcoin, Ethereum, and even meme coins like Shiba Inu.

Crypto Casinos in 2025: The crypto gambling market is projected to reach $55.3 billion by 2032, driven by fast transactions, enhanced privacy, and lower fees compared to traditional casinos. Bitcoin casinos like Jackbit, with over 7,000 games and 10-minute withdrawal times, are praised for their no-KYC (Know Your Customer) models, appealing to privacy-conscious players.

Provably Fair Gaming: Many Bitcoin casinos now offer provably fair games, allowing players to verify outcomes using blockchain technology. This transparency, seen in games like Crash, Plinko, and Dice, builds trust. Platforms like Crypto Royal feature Bitcoin-themed slots such as Satoshi's Secret with high RTP rates (up to 99%).

Innovative Bonuses: Casinos like JACKBIT and MIRAX are introducing no-wagering bonuses, letting players cash out winnings without complex requirements. For example, JACKBIT’s no-wagering welcome bonus and MIRAX’s crypto-specific rewards cater to modern players. KatsuBet offers a 325% welcome pack up to 5 BTC plus 200 free spins.

Social Media Buzz: Posts on X highlight the rise of no-KYC Bitcoin casinos, emphasizing privacy and speed with support for multiple cryptocurrencies like BTC and ETH. Additionally, platforms like BTComcasino are promoting weekly 1 BTC giveaways and real cashback without wagering requirements.

New Platforms: Discasino, a new crypto-only casino accessible via Discord, offers over 2,000 games and supports more than 20 cryptocurrencies. BoxBet Casino stands out with its native BXBT token alongside major cryptocurrencies.

Global Trends: The shift toward crypto-friendly casinos is a worldwide movement, with platforms in regions like the UK, Canada, and Asia increasingly accepting Bitcoin and other cryptocurrencies as primary payment methods. Some casinos are crypto-exclusive, reflecting a broader digital payment revolution.

Note: Gambling involves risks, and players should only wager what they can afford to lose. Always verify local regulations and choose licensed platforms.

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Sports Betting: Casino News

Sports Betting Scandals and Regulations: The gambling industry faces scrutiny due to high-profile scandals, with DraftKings' responsible gaming chief aiming to shift the narrative by enhancing user data transparency and personalized responsible gaming messages. Studies indicate that legal sports betting has led to a 1% decline in average credit scores and a 28% increase in bankruptcy likelihood in states where it’s legal, raising concerns about financial impacts.

Club World Cup Betting: The 2025 FIFA Club World Cup, running from June 14 to July 13 in the U.S., has drawn significant betting interest. Manchester City is favored at 5/1 odds, with analysts like Jones Knows highlighting their strong midfield, led by Rodri, as a key factor. The tournament offers a massive $1 billion prize pool, with up to $125 million for the winner.

Match-Fixing Concerns: Soccer players in Australia are pushing for a ban on yellow-card bets due to recent A-League match-fixing scandals, citing the potential for manipulation. In the UK, West Ham United, despite star player Lucas Paqueta’s spot-fixing probe, signed a £12 million shirt sponsorship deal with BoyleSports, replacing Betway.

Fan Harassment and Betting Culture: Legal sports betting, now in 39 U.S. states, has led to increased harassment of athletes by bettors, with incidents like Gabby Thomas being heckled at a track meet. The NCAA reported 12% of abusive messages to college athletes during championships were betting-related. MLB players also note a shift in fan interactions, with betting lines often referenced, impacting the sport’s culture.

Casino Developments: In the Philippines, Bloomberry Resorts launched an online casino platform, capitalizing on the country’s booming internet gambling sector, which surpassed brick-and-mortar casino revenue last year. In the U.S., Resorts World exited New York’s sports betting market, while TAB bid $150 million for an online betting license.

Promotions and Bonuses: Betting platforms like Mostbet and 1xBet offer substantial welcome bonuses in India, with promo codes unlocking up to ?65,000 for sports betting. BetMGM, named Online Casino of the Year 2025, provides £40 in free bets for new users.

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UFC Slot Games

UFC-themed slot games are digital casino slots that capture the excitement of the Ultimate Fighting Championship (UFC) with fighter likenesses, Octagon imagery, and intense soundtracks. Here are key details about UFC slot games based on available information:
Endemol Games' UFC Slot:
Overview: Developed by Endemol Games, this is an officially licensed UFC slot with 5 reels, 20 paylines, and a 93.99% RTP. It features realistic graphics, heavy metal music, and symbols like UFC fighters, ring girls, and the UFC logo. Players choose a fighter at the start, who becomes the wild symbol.

Bonus Features:
Expanding Wild: Triggered by a golden wild on the center reel, adding random wilds for bigger wins.

Fight Night Bonus: Activated by three championship belt symbols on reels 1, 3, and 5. Players select fight moves to win cash prizes, with an extra bonus for winning the fight.

Training Bonus: Three fist symbols on reels 2, 3, and 4 start a free spins round, where players earn spins based on battle outcomes.

Availability: Playable on desktop, mobile, and tablet, with free demo versions available on sites like Slotorama and Slots Temple.

Bet Range: From $0.01 to $25 per line, suitable for low to medium volatility play.

Games Global Partnership:
Overview: In 2024, Games Global signed a three-year exclusive deal with UFC to produce UFC-themed slots, brokered by UFC’s licensing agency, IMG. The first title, UFC Gold Blitz Extreme, launched globally on July 23, 2024, after a soft launch in May.

Features: These slots include UFC fighter imagery, wild symbols, free spins, and themes reflecting the Octagon’s intensity. They’re available in regulated iGaming markets like Connecticut, Delaware, Michigan, Nevada, New Jersey, Pennsylvania, and West Virginia.

Developers: Fortune Factory Studios, part of Games Global, developed UFC Gold Blitz Extreme. More titles are planned over the three-year period.

Accessibility: Playable via local betting platforms in regulated regions, with operators announced pre-launch.

Other UFC-Themed Slots:
Playzido’s UFC Slot: Another UFC slot exists by Playzido, offering free spins and deposit bonuses in some markets, though less detailed information is available.

UFCSLOT99: A site claiming high win rates and UFC branding, but its legitimacy is unclear, and it may not be officially licensed. Caution is advised.

Roobet.fun Partnership: Roobet.fun, UFC’s official social casino partner since 2023, offers free-to-play games with UFC branding, including slots, but focuses on sweepstakes and fan engagement rather than traditional gambling.

Where to Play:
Free Demos: Available at Slotorama, Slots Temple, Spin Castle, and Sim-Slots.eu.

Real Money: Offered at regulated online casinos like FanDuel Casino (for UFC Gold Blitz Extreme) and PaddyPower Games. Check local regulations for availability.

Promotions: Some platforms, like Blockbet, advertise UFC-related casino rewards, but verify their licensing.

Player Experience:
These slots appeal to UFC fans with authentic visuals, fighter selections (e.g., Georges St-Pierre, Ronda Rousey), and immersive bonus rounds. Non-fans also enjoy the high-energy gameplay and frequent bonuses.

The games balance entertainment with moderate win potential, though RTPs (e.g., 93.99% for Endemol’s slot) are slightly below some modern slots.

Note: Always play on licensed platforms and check local gambling laws. Some games, like Endemol’s UFC slot, may be retired or unavailable in certain regions. For the latest UFC slot titles, visit Games Global or UFC’s official sites.

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Vegas Casino Revenue News

Las Vegas Strip casino revenue has been declining in 2025. In April, gaming revenue fell 2.9% year-over-year to $646.87 million, marking the third consecutive month of declines. Statewide, Nevada's gaming revenue dropped 0.5% to $1.23 billion, though it maintained a 50-month streak of exceeding $1 billion monthly. March saw a 4.78% revenue drop to $681.6 million, and February was down 13.78% to $690.3 million, partly due to a tough comparison with 2024's Super Bowl. Rising costs, fewer international visitors, and increased automation are cited as factors, alongside higher hotel rates (up 3.9%) despite a 7.8% drop in March visitors. However, smaller markets like Downtown Las Vegas (up 11.6% in March to $85 million) and Boulder Strip (up 10.2% to $86.3 million) showed resilience. Layoffs, notably at Fontainebleau and Resorts World, reflect operational cutbacks amid these trends.

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Famous Vegas Casinos

Las Vegas is renowned for its iconic casinos, each offering a unique blend of gaming, entertainment, and luxury. Here’s a rundown of some of the most famous casinos on the Las Vegas Strip and beyond, based on their historical significance, size, and cultural impact:
Bellagio
Why Famous: Known for its elegance and the iconic Fountains of Bellagio, a choreographed water show. It’s a luxury hotel and casino with a 116,000-square-foot gaming floor.

Highlights: High-end poker rooms, upscale dining (e.g., Le Cirque), and the Bellagio Gallery of Fine Art.

Fun Fact: Featured in the movie Ocean’s Eleven for its high-stakes vibe.

Caesars Palace
Why Famous: A Vegas staple since 1966, known for its Roman-themed opulence and massive 124,181-square-foot casino.

Highlights: The Colosseum hosts major acts like Celine Dion, and the Forum Shops are a luxury shopping destination.

Fun Fact: It’s been a backdrop for films like The Hangover and hosts high-profile boxing matches.

The Venetian
Why Famous: Inspired by Venice, Italy, with indoor canals and gondola rides. Its 120,000-square-foot casino is one of the largest.

Highlights: The Grand Canal Shoppes, Tao Nightclub, and a replica of St. Mark’s Square.

Fun Fact: Its sister property, The Palazzo, connects seamlessly, creating a massive resort complex.

MGM Grand
Why Famous: One of the largest casinos in Vegas with a 171,500-square-foot gaming floor. Known for its Hollywood glamour.

Highlights: Hakkasan Nightclub, the MGM Grand Garden Arena for concerts and events, and a sprawling pool complex.

Fun Fact: Home to the famous lion habitat (now closed) and the setting for many UFC events.

Wynn Las Vegas
Why Famous: Synonymous with luxury, offering a 111,000-square-foot casino and a reputation for high-end service.

Highlights: Award-winning golf course, XS Nightclub, and fine dining like SW Steakhouse.

Fun Fact: Its sister property, Encore, adds to its prestige with a more intimate vibe.

The Cosmopolitan
Why Famous: A modern, trendy casino with a 100,000-square-foot gaming floor, known for its chic design and nightlife.

Highlights: The Chandelier Bar, Marquee Nightclub, and rooftop pools with Strip views.

Fun Fact: Popular with younger crowds for its vibrant, social atmosphere.

Aria Resort & Casino
Why Famous: A sleek, modern casino with 150,000 square feet of gaming space, part of the CityCenter complex.

Highlights: High-tech gaming, the Jewel Nightclub, and a focus on sustainability.

Fun Fact: Known for its art collection and cutting-edge architecture.

The Mirage
Why Famous: A pioneer of the mega-resort era with its Polynesian theme and iconic volcano show (currently paused). Its casino spans 100,000 square feet.

Highlights: Siegfried & Roy’s Secret Garden and performances like The Beatles LOVE by Cirque du Soleil.

Fun Fact: Opened in 1989, it set the standard for modern Vegas resorts.

Flamingo Las Vegas
Why Famous: One of the oldest casinos, opened in 1946 by Bugsy Siegel, with a 77,000-square-foot gaming floor.

Highlights: Flamingo-themed pool area and the Wildlife Habitat with live flamingos.

Fun Fact: A historic landmark tied to Vegas’s mobster past.

Resorts World Las Vegas
Why Famous: One of the newest additions (opened 2021), with a 117,000-square-foot casino and cutting-edge tech.

Highlights: Three hotels (Hilton, Conrad, Crockfords), Zouk Nightclub, and a massive LED globe.

Fun Fact: The first major new resort on the Strip in over a decade.

Off-Strip Bonus:
The D Las Vegas (Downtown): Known for its vintage Vegas vibe and the SlotZilla zipline.

Circa Resort & Casino (Downtown): A modern adults-only casino with a massive sportsbook and Stadium Swim pool deck.

These casinos are iconic for their gaming, entertainment, and cultural significance.

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Gaming, Hotel And Casino News: U.S

September 2024

New Jersey Internet gambling sets new record at $198M in revenue, but land casinos lag

Internet gambling in New Jersey had its best month ever in August, bringing in over $198 million in revenue even as most of Atlantic City’s land-based casinos continued to win less than they did before the COVID-19 pandemic. Figures released Monday by the New Jersey Division of Gaming Enforcement show that internet gambling brought in $198.4 million, the highest monthly total ever recorded in the state and an increase of nearly 28% from a year earlier. That was the good news for Atlantic City’s gambling industry.

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BetMGM impresses in NFL Week One, Jefferies analyst says

BetMGM handily outperformed the field in New York state in the first week of NFL wagering, according to data published September 15 in a Jefferies Equity Research investor note penned by analyst James Wheatcroft. According to Wheatcroft’s analysis, BetMGM grew its handle 54 percent from last year, revenue 24 percent, and winning margins 8.2 percent. For the market overall, the handle grew by 14 percent, but revenue dropped 43 percent and margin was down 6.8 percent. FanDuel recorded a seven percent decrease in handle and 54 percent lower revenue.

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llinois: Casino revenue shoots up 3.1% in August after a slow summer

Illinois casinos posted positive monthly revenue for the first time since the spring. The state’s 15 casinos combined for a win of $140 million in August, up 3.1% from July’s total of $135.8 million. Revenue totals do not include online casinos because iGaming is illegal in the Prairie State. Illinois is a leading earner for land-based revenue and sports betting handle (total amount bet). But, is nowhere to be found in the world of online casinos. The state’s legislators made two attempts to legalize IL online gaming this year, but both fell short.

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F1 not moving the Vegas needle, Truist analyst says

“F1 stuck in neutral for now,” wrote Truist Securities analyst Barry Jonas, leading off a September 16 investor note on the subject of Las Vegas room rates. He deemed them “fairly stable but soft” into the fourth quarter. A Truist survey of Las Vegas hotel-room prices had shown growth in August followed by slowness throughout the fall. Jonas said these findings were congruent with MGM Resorts International’s forward-looking commentary during its second-quarter earnings call. Wrote Jonas, “While our survey is just one facet of the market and can change, we note continuing investor concerns around slowing growth amidst tough comparisons.”

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August casino revenue $63 million

Virginia (results) - Lottery Commission - The Virginia Lottery released its report on casino gaming activity for the month of August 2024. There are three operating casinos in Virginia: HR Bristol, Rivers Casino Portsmouth, and Caesars Virginia. During August, gaming revenues from Virginia casinos totaled $63.1 million. Hard Rock Bristol $15.9 million, Rivers Casino Portsmouth $26.6 million, and Caesars Virginia $20.4 million. Virginia law assesses a graduated tax on a casino’s AGR, or wagers minus winnings, and $11.8 million in taxes were paid to the Gaming Proceeds Fund.

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MGM getting more solar energy with rural Nevada solar farm

Nevada (Las Vegas) - A solar farm in the remote Nevada desert will double MGM International’s capacity to use solar energy. It entered a power purchase agreement with a utility-scale solar company to use its forthcoming facility in Lincoln County. The company is expected to begin using that boost in green energy in 2026. MGM uses 90 percent renewable energy for 11 of its Las Vegas resorts’ daytime needs, the company said, but the new solar farm and battery storage facility will power 100 percent of daytime needs and some of what’s needed for nighttime.

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Three Strip casinos get new top exec

Nevada (Las Vegas) - Three casino properties on the Las Vegas Strip will soon have a new boss following the company departure of the trio’s former top executive. Ken Ostempowski will be assuming the role of senior vice president and general manager of Paris Las Vegas, Planet Hollywood and Horseshoe. Ostempowski currently holds similar roles overseeing The ROW Reno, a three-casino resort destination in Northern Nevada operated by Caesars. According to Ostempowski’s LinkedIn profile, he has held executive-level positions in multiple gaming markets, including Las Vegas, the Gulf Coast, the Midwest and Colorado.

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Strip resort reveals rare tier-match offer

Nevada (Las Vegas) - For the first time since introducing a new player rewards program, a Las Vegas Strip casino is offering to upgrade gamblers’ loyalty cards to a comparable level from other casinos. The Venetian casino-hotel is launching a tier-match promotion that will allow customers to receive a Venetian Rewards card status that is on par with or better than what they currently have with another casino operator. The Venetian Resort Las Vegas’ tier-match event begins Oct. 1, according to a recent email, and will run through Jan. 1.

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Boyd bets big on large sportsbooks even as mobile betting flourishes

Nevada (Las Vegas) - The largest sportsbook operated by Boyd Gaming Corp. may not be the place “where everybody knows your name.” But that sentiment is the reason the company (with its nine Las Vegas casinos) and other gaming operators continue to invest millions of dollars into expanding or modernizing large sportsbooks with massive viewing screens, comfortable seating areas and food and beverage options. Those expenditures happen even as more than 65 percent of Nevada’s $8 billion sports gaming industry come through mobile wagering accounts — bets made anywhere outside the casino. “A sportsbook is more than just a place to make wagers,” said Boyd Gaming Vice President of Race & Sports Bob Scucci. “At our properties, the sportsbook is the place where people come four or five times a week. It’s where they go to meet their friends and congregate.”

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Opening sportsbook with Jay-Z at Ocean Casino, Fanatics CEO Michael Rubin explains Atlantic City’s appeal

Michael Rubin’s love for Atlantic City goes back to when he was about 12 years old. “The gambling age was 18 when I was a kid,” the once-small kid from Philadelphia recalled. “I remember when I was 12 years old, I went to an Atlantic City casino, to Caesars. It was 40 years ago. I won $2,500. I called my mom from a pay phone and said, ‘Mom, I got great news! I just won $2,500!’ She asked how, and I said, ‘I’m in a casino in Atlantic City,’ and she goes, ‘You’re grounded, get home.’ That’s my favorite story.”

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A jobs boon from a casino at Manhattan’s Hudson Yards? Experts aren’t betting on it.

When casino giant Wynn showed off plans for its Hudson Yards West casino proposal last month, it enlisted progressive heavyweights to make the case that the venture would be a jobs bonanza for poor and working-class New Yorkers. The endorsements were full-throated and infused with hope and promise. Leaders from the NAACP, National Urban League and Win, New York City’s largest provider of family shelter and permanent supportive housing, were among the groups that said the proposal would bring significant career opportunities.

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Maine’s first in-person sports betting bar opens in Portland

Maine’s first, in-person sports-betting bar is officially open. “Oddfellahs” opened on Market Street on Friday… The bar has partnered with Caesars Sportsbook, one of two sportsbooks authorized under Maine’s new law to run sports betting, the other being DraftKings. The founder of “Oddfellahs” says there’s more to the bar than just sports betting.

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IIlinois Gaming Board renews Rivers Casino’s license

The Illinois Gaming Board on Thursday renewed Rivers Casino’s gaming license as well as Hawthorne Race Course’s master sports wagering license. Both renewals by the state agency came via unanimous 4-0 votes and are good for four years, with Rivers now licensed through August 2028 and Hawthorne through September of that year.

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Bellagio removing trees as F1 prep begins on the Las Vegas Strip

The Las Vegas Grand Prix is around the corner and the Bellagio casino-hotel is days away from starting race preparations. On Monday, work crews will begin removing the trees in front of the Fountains of Bellagio along Las Vegas Boulevard to make room for the construction of the Bellagio Fountain Club (an F1 spectator area for VIPs). (Wires, A.I News)

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Human Statue Bodyart supplies bodypainted models and roving performers for The Star: Marquee and Cherry Bar - 25th July 2013

Human Statue Bodyart supplies bodypainted models and statue performers for The Star; Marquee Sydney; Johnnie Walker promotion and Block Party

Human Statue Bodyart provides bodypainted entertainment for drinks industry night at The Event Centre, The Star; Sydney, Australia - 4th September 2013

The Star: New Years Eve reports from Sydney, Australia

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Media/Entertainment: Australia

TV Week Logie Awards 2024

August 18, 2024

The Star, Sydney, Australia

Winners

Gold Logie Award for Most Popular Personality on Australian Television - Larry Emdur

Best Drama Program - RFDS, Seven Network

Best News or Public Affairs Presenter - Ally Langon, A Current Affair, Nine Network

Best Comedy Entertainment Program - Have You Been Paying Attention?, Network Ten

Best Lead Actor in a Drama - Felix Cameron, Boy Swallows Universe, Netflix

Beat Scripted Comedy Program - Utopia, ABC

Best Current Affairs Program - Australian Story, ABC

Best Lead Actress in a Drama - Deborah Mailman, Total Control, ABC

Best Sports Coverage - FIFA Women's World Cup 2023, Seven Network

Best Competition Reality Program - MasterChef Australia, Network 10

Best Factual or Documentary Program - John Farnham: Finding The Voice, Seven Network

Best Miniseries or Telemovie - Boy Swallows Universe, Netflix

Best News Coverage or Public Affairs Report - Ben Roberts-Smith: The Truth, 60 Minutes, Nine Network

Best Structured Program - Gogglebox Australia, Foxtel and Network 10

Best Lifestyle Program - Travel Guides, Nine Network

Bert Newtown Award for Most Popular Presenter - Larry Emdur, The Chase Australia and The Morning Show, Seven Network

Best Supporting Actor - Bryan Brown, Boy Swallows Universe

Best Lead Actor in a Comedy - Rob Sitch, Utopia, ABC

Graham Kennedy Award for Most Popular New Talent - Felix Cameron, Boy Swallows Universe, Netflix

Best Supporting Actress - Sophie Wilde, Boy Swallows Universe, Netflix

Best Children's Program - Bluey, ABC

Best Entertainment Program - The Voice Australia, Seven Network

Best Lead Actress in a Comedy - Kitty Flanagan, Utopia, ABC

Entertainment for The Star, Sydney. Creative: Human Statue Bodyart

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Joshua vs Dubois at Wembley

August 31, 2024

The upcoming boxing event, #RiyadhSeasonCard: Wembley Edition, features a highly anticipated heavyweight match between Anthony Joshua and Daniel Dubois, set for September 21, 2024, at Wembley Stadium. This fight is highlighted by Joshua's undefeated record against British fighters, which he aims to maintain. The event has been described as potentially historic, with expectations to break attendance records. Additional tickets have been released due to high demand, indicating significant public interest in what is being promoted as an unmissable event in the boxing calendar. (Grok)

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Joshua vs. Dubois Tickets Released

Additional tickets are now available for the highly anticipated heavyweight boxing match between Anthony Joshua and Daniel Dubois, scheduled for September 21, 2024, at Wembley Stadium. This event, part of the Riyadh Season Card: Wembley Edition, is expected to set an attendance record with the stadium's capacity increased to 96,000. The fight is being promoted as a historic occasion, with significant interest from boxing fans and includes a special performance by Liam Gallagher. Promotional efforts by various boxing organizations and figures have urged fans to secure tickets for what is described as a potential heavyweight classic. (Grok)

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Hamilton Leads FP2 at Italian GP

During the Italian Grand Prix at Monza, Lewis Hamilton of Mercedes set the fastest lap in the second free practice session (FP2), followed closely by Lando Norris of McLaren and Carlos Sainz of Ferrari. Ferrari demonstrated strong performance with both cars in the top five. George Russell, also from Mercedes, faced delays due to an earlier crash by Andrea Kimi Antonelli but managed to place sixth. McLaren also showed promising pace with Norris in second and Piastri in fourth. Red Bull Racing encountered issues, with Max Verstappen experiencing a lock-up and the team addressing concerns about top speed. The session highlighted intense competition among Mercedes, McLaren, and Ferrari, setting up an anticipated close qualifying session. Despite his crash, Antonelli provided valuable data to his team. (Grok)

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Antonelli Crash Halts FP1 at Italian GP

During the first practice session (FP1) at the Italian Grand Prix in Monza, rookie driver Kimi Antonelli of Mercedes experienced a significant crash at the Parabolica corner, leading to a red flag. Despite initially setting the fastest lap, Antonelli's session ended prematurely with his car heavily damaged, though he was reported to be unharmed. Max Verstappen from Red Bull Racing set the fastest time of the session, demonstrating strong performance. The incident also impacted Antonelli's teammate George Russell, who had to wait for repairs before participating in FP2. Other teams like McLaren and Ferrari also reported on their performances, with McLaren's drivers in the top five and Ferrari's drivers finishing second and fourth. (Grok)

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COTA Hosts First Hypercar and LMGT3 Practice

The FIA World Endurance Championship (WEC) is currently hosting the 6 Hours of COTA, also known as Lone Star Le Mans, at the Circuit of the Americas in Austin, Texas. This event marks the first time Hypercars and LMGT3 cars are racing together at this track. Notable participants include teams from Porsche, Toyota Gazoo Racing, Ferrari, Jota Sport, and Aston Martin. During the first practice session (FP1), Porsche Penske Motorsport's #5 car, driven by Matt Campbell, set the fastest lap time of 1:53.574. The event also introduced specially equipped safety cars, including a Porsche 911 Turbo S with lightweight wheels. This race is significant for its competitive field and its strategic importance in the championship standings. (Grok)

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WEC's Historic Hypercar Race at COTA

The FIA World Endurance Championship (WEC) is currently hosting the 6 Hours of COTA race at the Circuit of the Americas in Austin, Texas, marking a significant event as it features both Hypercars and LMGT3 cars racing together for the first time at this venue. Prominent teams like Toyota GAZOO Racing, Porsche Motorsport, Ferrari Hypercar, and Peugeot Sport are participating, showcasing new models such as the Peugeot 9X8. The event highlights include experienced drivers like Andre Lotterer, who is aiming for another podium finish with an impressive track record at COTA, and the debut of new car models. Activities during the practice sessions involved teams adjusting setups, changing drivers, and adapting to track conditions, drawing considerable attention to the competitive spirit of endurance racing. (Grok)

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Rhea Ripley Showcases Ink in WWE Tattooed Series

Rhea Ripley, a prominent WWE wrestler, was featured in a special segment titled 'WWE Tattooed,' where she showcased her extensive tattoo collection. This episode included a photoshoot and discussions about her tattoos, engaging fans with insights into her personal style and past rivalries, notably with Charlotte Flair. Ripley also shared stories about her fans' enthusiasm for her tattoos, particularly highlighting their reaction to a recent addition to her scorpion tattoo. The segment received positive feedback, enhancing Ripley's popularity within the WWE community. Additionally, Ripley discussed a time she got a matching tattoo with fellow wrestler Toni Storm, further personalizing her connection with fans and colleagues. (Grok)

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WWE vs. AEW: Talent Pay Debate

The professional wrestling industry is currently embroiled in a debate over wrestler compensation, sparked by AEW's high-paying contracts to Swerve Strickland and Daniel Garcia. WWE has criticized these contracts, suggesting they exceed market value and could inflate salary expectations industry-wide, potentially harming the sport. Conversely, many fans and industry figures support AEW's approach, arguing that wrestlers deserve higher compensation due to the physical demands of their job. This perspective sees AEW's strategy as fostering a competitive market that might lead to better overall compensation in wrestling. Critics of WWE's stance argue that their reluctance to match AEW's offers undervalues talent and could impact WWE's ability to retain or attract top wrestlers. The discussion reflects broader issues about wrestler worth, the economics of wrestling promotions, and the effects of competition on talent contracts. (Grok)

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WWE Criticizes AEW Contracts as Overspending

Professional wrestlers Swerve Strickland and Daniel Garcia have signed lucrative contracts with All Elite Wrestling (AEW), which WWE views as detrimental to the wrestling industry, claiming the salaries exceed market value. This perspective has ignited a debate about compensation in wrestling. Supporters of higher pay argue that wrestlers, who endure significant physical tolls, deserve substantial compensation, akin to athletes in other major sports. Critics of WWE's stance believe the company's opposition stems from a reluctance to increase their own payroll, potentially driven by profit considerations rather than the welfare of the performers. The situation underscores broader issues of pay equity and the impact of competition on industry standards, with some seeing AEW's strategy as beneficial for raising overall compensation levels in wrestling. (Grok)

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Swerve Strickland's Lucrative AEW Deal

Swerve Strickland has signed a lucrative contract with AEW, placing him among the highest-paid wrestlers alongside stars like Kazuchika Okada and Mercedes Moné. This deal has stirred debate within the wrestling community, particularly from WWE, which considers the contract to exceed the perceived market value significantly. Critics from WWE argue that such high compensation could inflate industry salary expectations, potentially forcing WWE to increase its own wrestlers' pay. However, supporters of the deal highlight the physical demands and lack of off-season in wrestling, suggesting that wrestlers deserve substantial compensation. This situation underscores broader issues regarding talent compensation, market value assessments, and the competitive dynamics between AEW and WWE in the professional wrestling landscape. (Grok)

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Swerve's AEW Deal: Highest in Pro Wrestling

Swerve Strickland has recently signed a lucrative contract with All Elite Wrestling (AEW), reportedly placing him among the highest-paid wrestlers in the industry, comparable to stars like Kazuchika Okada and Mercedes Moné. This deal, extending through September 2029, has drawn criticism from WWE officials, who argue that the financial terms are excessively high and could set an unsustainable precedent for wrestler salaries. Despite WWE's contention that Strickland's market value does not justify such compensation, many fans and industry observers believe his performances and popularity warrant his high salary. Additionally, WWE's critique coincides with their unsuccessful attempts to reacquire Strickland and recruit other talents like Daniel Garcia, who chose to remain with AEW. This situation highlights a competitive landscape where wrestler contracts are becoming more financially rewarding. (Grok)

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Strickland's AEW Deal Stirs Market Controversy

Swerve Strickland has signed a lucrative contract with AEW, placing him among the highest-paid wrestlers alongside stars like Kazuchika Okada and Mercedes Moné. This deal has sparked controversy within the wrestling industry, particularly from WWE, who argue that such high compensation sets an unsustainable market value for wrestlers. Critics suggest WWE's stance might stem from their own financial interests, particularly after releasing Strickland only to see him succeed elsewhere. Supporters of high-value contracts highlight the physical toll on wrestlers and argue they deserve substantial pay. This situation underscores ongoing debates about wrestler compensation, market dynamics, and the competitive landscape between WWE and AEW. (Grok)

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Jon Jones Defiant on Aspinall Fight

Jon Jones, the UFC heavyweight champion, has publicly expressed confidence in defeating Tom Aspinall, the interim champion, but has chosen to fight Stipe Miocic instead. This decision has sparked debates about Jones's legacy and his avoidance of Aspinall, with critics arguing that Jones should defend his title against the interim champion who has actively defended his belt. Jones, however, insists that his legacy is secure regardless of the fight outcome, highlighting his long-term dominance in the sport. Discussions also touch on Jones's past, including his performances and controversies like failed drug tests, questioning whether his refusal to fight Aspinall might affect his reputation or if his established record justifies his choices. (Grok)

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McAfee Donates $1M to WVU NIL Collective

Pat McAfee, a former NFL player and West Virginia University alumnus, hosted a live broadcast of his show in Morgantown, West Virginia, creating significant local excitement. The event was so anticipated that local schools closed due to expected traffic congestion, and a large crowd gathered. During the show, McAfee announced a $1 million donation to West Virginia's Name, Image, and Likeness (NIL) collective, the Country Roads Trust, to support student-athletes. The event featured appearances by notable figures including Nick Saban and highlighted the enthusiasm of WVU fans, particularly for quarterback Garrett Greene. This live show not only boosted local spirit but also emphasized McAfee's ongoing influence and connection to his alma mater. (Grok)

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McAfee Hosts Massive WVU Live Show

Pat McAfee, a former NFL kicker and West Virginia University alum, hosted a live broadcast of his show in Morgantown, creating significant local excitement. The event was so anticipated that local schools closed due to expected traffic congestion. McAfee's show attracted a crowd reportedly larger than those seen at major college football events like College GameDay. During the broadcast, McAfee announced a $1 million donation to West Virginia's NIL collective, the Country Roads Trust, to support student-athletes. The event featured appearances by notable figures including Nick Saban, who discussed the challenges West Virginia faces in their upcoming game against Penn State. The atmosphere in Morgantown was described as electric, reflecting high expectations for the football season opener. (Grok)

News

College Football Season Kickoff

The 2024 College Football Season is kicking off with significant attention on several fronts:

New Kickoff Rule: College football is studying the new NFL kickoff rule during the 2024 season, aiming to make the play safer while maintaining its excitement. This rule, inspired by the XFL, adjusts where players line up and when they can move, promoting more returns but with reduced high-speed collisions.

Marquee Matchups: The season starts with several high-profile games. Notably, LSU faces USC in the Vegas Kickoff Classic on September 1, a game that's drawing considerable betting interest. Other early games include Georgia vs. Clemson and Florida vs. Miami, setting the stage for what's expected to be a competitive season.

Team Preparations and Expectations:

Penn State is entering the season with new coordinators and high hopes for making the College Football Playoff, focusing on the progression in their quarterback room.

Michigan State under new leadership with head coach Jonathan Smith, looks to redefine its play.

Colorado, led by Deion Sanders, has already begun its season against North Dakota State, unveiling new uniforms and showcasing key players like Travis Hunter.

Player Spotlight:

Players like Oregon's Dillon Gabriel are on the watch for breaking records, with expectations high for quarterbacks returning from injuries like Cam Rising of Utah and Riley Leonard, now at Notre Dame.

Game Day Insights: From X posts, there's a buzz about the start of the season with live updates, game previews, and fan reactions, indicating high excitement and engagement from the community.

Cultural Impact and Media: The season's kickoff is not just about the games but also the cultural phenomenon, with extensive media coverage, fan events in places like Las Vegas, and discussions around team strategies, player health, and the future of college football formats.

This season promises to be intriguing with new rules, team dynamics, and the ever-present quest for the College Football Playoff, capturing the attention of fans and bettors alike as teams and players aim to make their mark. (Grok)

News

Sea Eagles Triumph Over Bulldogs

The Manly Warringah Sea Eagles achieved a significant victory over the Canterbury-Bankstown Bulldogs with a final score of 34-22 at Accor Stadium. This win marked Manly's 10th victory in their last 11 encounters against the Bulldogs. The match was notable for Manly's strong performance, highlighted by plays from Haumole Olakau'atu and a late try by Mahoney, despite a concerning injury to Tom Trbojevic who left the field with a bleeding right arm. Bulldogs fans and players, while disappointed, remain optimistic, pointing to their team's overall successful season and their standing in the finals. Discussions following the game focused on player performances, the impact of the result on team standings, and strategies moving forward in the NRL season. (Grok)

News

Bulldogs Slip, Sea Eagles Soar

The Canterbury-Bankstown Bulldogs suffered a significant loss against the Manly Warringah Sea Eagles in the NRL, with the final score at 34-22 favoring Manly. This match was pivotal as it highlighted various aspects of both teams' performances and strategies. Manly's victory was marked by strong individual performances, notably by Haumole Olakau'atu, and strategic plays that capitalized on controversial referee decisions, including a non-enforced sin bin for Manly's Tom Trbojevic. The Bulldogs, on the other hand, faced challenges including fatigue from extensive travel and a reshuffled backline, which might have contributed to their subpar performance. Despite the loss, Bulldogs' fans and commentators remained optimistic, viewing the game as a learning opportunity and a chance for the team to regroup. Manly's win has significant implications for their pursuit of a home final, while the Bulldogs' chances of securing a top-four position were impacted.(Grok)

News

All-Australian Team 2024 Selection Controversy

The 2024 AFL All-Australian team selection has ignited significant debate among fans and analysts, focusing on the criteria and composition of the team. Traditionally comprising 22 players, this year's selection faced scrutiny for its inclusion of players from underperforming teams like the West Coast Eagles, and the exclusion of others who had standout seasons. Critics argued over the balance between positional requirements and individual merit, suggesting a shift towards selecting purely the best 22 players regardless of their position. Notable controversies included the omission of players like Charlie Curnow and Tom Papley, while players like Nick Daicos and Marcus Bontempelli were celebrated for their performances, with Daicos being named the AFL Coaches Association Champion Player. The selection process was criticized for potential biases, prompting discussions on how the All-Australian team could better reflect the season's top performers. Despite the controversies, the team's announcement highlighted achievements like Ollie Dempsey winning the Rising Star award and Marcus Bontempelli receiving the Leigh Matthews Trophy for the Most Valuable Player. (Grok)

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Hotel, Casino and Resort News: UAE

June - July 2024

Wynn positioning itself as ‘best-in-class’ in free cash flow margin as it funds UAE project, analyst says

Wynn Resorts is well positioned to fund its integrated resort project in the United Arab Emirates and position itself as the “best-in-class” in free cash flow margin in global gaming, according to note to investors from CBRE Credit Research Director Colin Mansfield. CBRE estimates Wynn Al Marjan Island will be de-leveraging to Wynn on a pro forma basis relative to its 2026 estimates, declining to about 4.2x gross lease-adjusted leverage at project maturity.

News Feature

The First Casino Near Dubai Sparks a New Gold Rush

Four artificial islands in the Persian Gulf sat mostly empty for the past decade. Now, every lot is sold and cranes are everywhere.

Barely a year after Las Vegas casino operator Wynn Resorts Ltd. announced plans for a $4 billion resort in the United Arab Emirates, the area is crawling with construction workers erecting five-star resorts, shops and $7 million villas in what developers expect will become a major tourist hotspot.

Before that deal, the artificial Marjan islands off the emirate of Ras Al Khaimah, or RAK, had spent most of the past decade as a lost opportunity, a 2.7 square-kilometer (1 square mile) white elephant largely unused after a $1 billion football-themed resort and related Real Madrid academy was scrapped for the site.

These days, every lot is sold and cranes are rising faster than the morning desert heat. Hoardings around construction sites are plastered with signs advertising the coming homes. At least 20 developers have projects in various stages of design and construction on the islands, said Abdulla Al Abdouli, chief executive officer of the state entity that developed them. He expects most projects to be completed within just six years.

The new construction will cost billions of dollars, he says. But even he’s not sure exactly how many.

Anticipating the rush of new visitors, the emirate’s small international airport is planning to build a new terminal to boost capacity to 2 million passengers a year by 2027, almost triple the some 700,000 travellers anticipated this year. About one-third of the world’s population lives within a four-hour flight.

Ras Al Khaimah, which means the head of the tent in Arabic, has a 40 mile coastline on the Persian Gulf and until now has largely catered to Russian tourists looking for a cheaper alternative to Dubai. The Marjan islands, roughly half the size of Dubai’s famous Palm Jumeirah, were completed in 2013.

On the island where Wynn is building its planned casino and resort, activity is going full speed. A dozen cranes hover over what’s to be among the company’s largest developments, at 1,500 rooms. Access to the island is restricted only to workers until the site opens to the public in 2027.

“The Wynn casino and resort has been a game changer for Marjan,” said Khalid Bin Kalban, the CEO of Dubai Investments PJSC, which is building a hotel and a residential community there. “Everyone is there in anticipation that RAK’s tourism will grow rapidly with the casino. It’s about the gaming, the shows, the hotels. You’re essentially bringing a mini-Vegas to Ras Al Khaimah.”

The introduction of casinos would be a step change for the UAE, where gambling is prohibited under Islam and is illegal in the country: Offenders can be fined or sentenced to two years in prison — or both. No casinos exist in the six Gulf Cooperation Council countries, although they can be found in Lebanon and Egypt. The UAE has created an authority to provide a framework for legalized gaming, although no laws legalizing it have been passed so far.

It took decades to make Las Vegas what it is today, but officials here are thinking more ambitiously.

Marjan, the owner of the islands, is looking to build about 9,000 hotel rooms and a similar number of homes to add to the existing properties. The islands currently host six hotels with a total of 3,052 rooms along with around 3,000 apartments, many of which are serviced, including JW Marriott and Rixos. Las Vegas has almost 155,000 hotel rooms; some 10% of that total will exist here within a generation.

But for the emirate, which welcomed 1.2 million visitors last year, the existing supply sharply lags demand, said Al Abdouli, the CEO of Marjan. With about 8,000 rooms, the opportunity for developers is there to grow the market and attract new visitors, he added.

“Marjan Island is different from the daily hustle and bustle of being in downtown Dubai or Abu Dhabi,” said Al Abdouli. “It’s a getaway. Many of the visitors come from other parts of the UAE for staycations. There are mountainous areas for hiking, biking, triathlons and beaches. But the Wynn resort will be a catalyst like no other in the UAE.”

Prices have exploded, and for the lucky few who bought early the returns have been spectacular. Bin Kalban said prices per square foot not long ago were 300 dirhams ($82), but now you can’t find anything below 800 dirhams.

At the moment Ras Al Khaimah has 12 hotels in the planning stage along with seven in construction, according to CoStar, a London-based provider of real estate data and analytics.

The broader emirate of Ras Al Khaimah today has an old Arabia vibe, mainly a vast expanse of red sand dunes with sparse vegetation. It’s a far cry from Dubai’s skyscrapers and traffic jams some 70 miles down the road.

In the race to develop tourism destinations, Ras Al Khaimah has an advantage over Saudi Arabia. Alcohol is legal, and scores of Russian and Chinese tourists already visit the emirate, despite the limited number of hotels. The casino will help attract the gamblers but will also lure families looking for a slice of Vegas in the desert — without the trans-Atlantic flight.

Still, for Ras Al Khaimah to become a sustainable destination, more investment is needed in the area’s infrastructure, along with restaurants and retail, to support a steady stream of visitors.

“There’s a plethora of different things that are required,” said Philip Barnes, chief executive officer of Abu Dhabi-based Rotana Hotels & Resorts. “That’s why I think when people are looking at tourism or hotels, you’ve got to look at big picture. Where do you want to be and where do you have the infrastructure? It’s great to get into a destination that is developing because it allows you to get a foothold. But you’ve got to be cognizant of the development” of facilities and supporting infrastructure, he added.

There are no public transport options, for example, to visit the Marjan islands from Dubai.

“Las Vegas, contrary to what most people think, is not about gambling, it’s about conventions,” he said. “The Sphere, this new concert arena that they’ve opened, drives traffic into that city because they bring big names in with big impact on the economy. It’s not just about the people coming in for the concert, it’s the hotels, it’s the restaurants, it’s the retail. When you’re looking at tourism as a whole you have to understand the whole picture.”

Even without that, developers are racing to complete property as soon as they can. A typical four-bed villa on the island costs 6 million dirhams ($1.6 million), while top-end luxury houses here can reach 40 million.

Emaar Properties PJSC, developer of the world’s tallest tower in Dubai, is building luxury apartments and townhouses, with its marketing touting its site near the upcoming casino. The Address Residences, starting at 1.8 million dirhams, will include apartments ranging from one to four bedrooms and the community will include gyms, pools and restaurants on the island’s sandy white beaches.

Abu Dhabi’s largest developer tied up with international luxury beach club, Nikki Beach, to develop three branded residential buildings, and the first batch of 570 homes was sold within hours amid strong demand from overseas and expatriate residents. Another development, Rosso Bay Residences, has also been sold in an emirate that’s trying to lure the wealthy with various plans.

Abu Dhabi National Hotels last year started building a 1,000-room luxury resort on 1 million square feet of land that’s set to be completed next year. A US-based private developer, WOW Properties, has broken ground on 474 homes to be serviced by JW Marriott, along with a 264-room hotel at a total cost of 4.8 billion dirhams. And Britain’s Aston Martin has partnered with Saudi Arabian developer Dar Global to design the interiors of luxury homes that are part of a $250 million beachfront residential community to be completed by 2028.

The momentum of so many developers building at once is going to “create more and more synergies,” Bhupender Patel, co-CEO of WOW Resorts, said in an interview. “The whole market’s about to take off like you’ve never seen a market take off in this part of the world.” (Wires, AI News)

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)

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