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News
UAE
casino update: Wynn Al Marjan nears structural completion
ahead of 2027 opening
November
2025
305-meter
tower reaches 70th floor with 73% of façade
installed ahead of spring 2027 opening
Wynn
Resorts 305-meter tower at Al Marjan Island
is approaching completion of the buildings structure,
expected in late November 2025 as the UAEs first
integrated resort takes shape ahead of its 2027 opening.
Developing
news story ...
News
Wynn
Al Marjan
Wynn
Al Marjan Island: UAE's First Integrated Gaming Resort
Wynn
Al Marjan Island is an ambitious luxury integrated
resort under construction by Wynn Resorts in Ras Al
Khaimah, United Arab Emirates. Positioned as the centerpiece
of the man-made Al Marjan Island archipelago, it promises
to blend high-end hospitality, entertainment, and
gaming in a pristine beachfront setting overlooking
the Arabian Gulf. Developed in partnership with Marjan
and RAK Hospitality Holding, the project represents
a $5.1 billion investment and is slated to open in
early 2027, marking the UAE's first casino resort.
Key
Features and Amenities
Accommodations:
1,542 rooms and suites, including 22 exclusive marina-side
Villa Estates and the ultra-luxurious Enclavea
"destination within a destination" on the
top floors of the 1,000-foot (305-meter) tower. Enclave
emphasizes opulence with bespoke service, tranquil
palettes of platinum, sapphire, and gold, and panoramic
Gulf views.
Dining
and Nightlife: 24 restaurants and lounges, with early
announcements including a two-level French-American
steakhouse by chef Alain Ducasse and Delilah, a glamorous
supper club from Wynn Las Vegas. Additional venues
will cater to diverse global tastes.
Entertainment
and Gaming: A theater, nightlife experiences, state-of-the-art
events center, and a dedicated gaming areathe
first licensed casino in the UAE, granted to Wynn
in 2024 by the General Commercial Gaming Regulatory
Authority (GCGRA). This gives Wynn a temporary monopoly
on gaming in the region.
Wellness
and Leisure: A 3.6-hectare poolscape, five-star spa,
luxury shopping esplanade, and a full marina for yacht
access.
Design
and Sustainability: Overseen by Wynn Design &
Development, the resort features airy, garden-like
public spaces, floor-to-ceiling windows for natural
light, and culturally sensitive details to appeal
to an international clientele.
Location
and Accessibility
The
62-hectare site juts into the Arabian Gulf, with white-sand
beaches and views of the Hajar Mountains. It's about
50 minutes from Dubai International Airport and just
15 minutes from Ras Al Khaimah International Airport,
which is undergoing upgrades including a new VVIP
terminal to support the emirate's tourism goal of
3.5 million visitors annually by 2030.
Construction
and Timeline
Groundbreaking
occurred in early 2023, with the structure currently
around 40 meters tall (as of mid-2024 updates). The
tower is expected to be topped off in Q4 2025, with
full operations by spring 2027.
Financing
was secured by February 2025, and there's already
strong demand for retail space. Wynn has also acquired
Wynn Mayfair in London (rebranded in June 2025) to
attract British high-rollers.
This
development is poised to elevate Ras Al Khaimah as
a global tourism hub, drawing comparisons to Las Vegas
while respecting local culture.
For
the latest visuals and updates, check Wynn's official
site or their YouTube channel. If you're planning
a visit post-opening, it's already generating buzz
among investors and luxury travelers. (Grok)
Media
Man: Gaming, lifestyle and resort paradise for many.
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 years 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 worlds
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
couldnt 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 years
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
years race weekend than last around the first
week of November, while Caesars Entertainments
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,
Im 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 shes 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. Im 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
Macaus 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 cant 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.
Diplos 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 Oys 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. Whats
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 dont 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 Parks 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 mixedsome
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 gamingrivaling
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. Theres 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 Dubais leadership. We dont
have permission yet from the ruler of Dubai to go
forward, he said. I dont know when
well hear, but I do believe this ... If this
gets a casino, and I believe it will over time, we
think its 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, MGMs former
CEO.
Meanwhile,
competition in the UAE's nascent casino sector is
heating up. Wynn Resorts is preparing to open the
countrys 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 UAEs 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
Wynns 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/Hotels
News,
Background, Stockmarket
Markets/Trades:
Near Live
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.
Other
Notable Stories
Tragic
NFL Shooting Linked to CTE: Shane Tamura, a Las Vegas
casino worker, was revealed to have chronic traumatic
encephalopathy (CTE) after fatally shooting four at
NFL headquarters in July, blaming the league for hiding
head injury data.
Mining
Stocks Tie-In: Casino-adjacent sectors like mining
(key for casino construction materials) saw gains,
with BHP up 1.32% to $42.22 on September 26.
For
more details follow X handles like
@casinonewsmedia
Casino,
Gaming and Hotel Stocks
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
Prices:
Near Live!
NVIDIA
Corporation (NVDA) $176.60 +0.20% +0.36
News
MGM
CEO says Dubai casino approval still pending as 2028
resort construction advances
MGM
Resorts International has yet to receive approval
to operate a casino at its upcoming $2.5 billion integrated
resort in Dubai, CEO Bill Hornbuckle said, despite
earlier expectations that a decision would have been
made by now.
I
thought by now, Abu Dhabi would have ruled on what
they were doing, Hornbuckle said during a recent
industry conference, referring to the anticipated
regulatory green light. Theres 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 Dubais leadership. We dont
have permission yet from the ruler of Dubai to go
forward, he said. I dont know when
well hear, but I do believe this ... If this
gets a casino, and I believe it will over time, we
think its 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, MGMs former
CEO.
Meanwhile,
competition in the UAE's nascent casino sector is
heating up. Wynn Resorts is preparing to open the
countrys 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 UAEs 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
Wynns confidence in securing a dominant position,
sources cited by Arabian Gulf Business Insight suggest
that other operators may eventually receive licenses,
casting doubt on the prospect of a long-term monopoly.
News
Lead
Up ...
Casino,
Gaming and Hotel Stocks
Markets/Trades
September
16, 2025
New
York, USA
MGM
Resorts International $35.36 -0.28 -0.79%
Wynn
Resorts Ltd $120.68 -2.17 -1.77%
Las
Vegas Sands $51.86 -1.23 -2.32%
Boyd
Gaming Corporation $82.15 -1.32 -1.58%
Caesars
Entertainment, Inc. $25.58 -0.32 -1.24%
Red
Rock Resorts, Inc. $59.71 -1.37 - 2.24%
Hilton
Grand Vacations Inc. $45.45 -0.100 -0.22%
PENN
Entertainment, Inc. $18.92 +0.090 +0.48%
Light
& Wonder, Inc. $88.69 -1.74 -1.92%
News
Bonus
NVIDIA
Corporation (NVDA) $174.84 -2.91 -1.64%
Lead
Up
24
hours ago approx
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%
Profiles
Advertising
Promotions
Casino,
Gaming and Hotel Stocks
Markets/Trades
September
22, 2025
New
York, USA
MGM
Resorts International $35.80 -0.14 -0.39%
Wynn
Resorts Ltd $129.52 +0.84 +0.65%
Las
Vegas Sands $53.87 +0.66 +1.24%
Boyd
Gaming Corporation $83.30 Flat
Caesars
Entertainment, Inc. $25.56 -0.84 -3.18%
Red
Rock Resorts, Inc. $60.76 -0.23 -0.38%
Hilton
Grand Vacations Inc. $44.53 -0.35 -0.78%
PENN
Entertainment, Inc. $19.09 -0.12 -0.62%
Light
& Wonder, Inc. $87.28 -0.94 -1.07%
News
Bonus
NVIDIA
Corporation (NVDA) $176.60 +0.20% +0.36
News
MGM
CEO says Dubai casino approval still pending as 2028
resort construction advances
MGM
Resorts International has yet to receive approval
to operate a casino at its upcoming $2.5 billion integrated
resort in Dubai, CEO Bill Hornbuckle said, despite
earlier expectations that a decision would have been
made by now.
I
thought by now, Abu Dhabi would have ruled on what
they were doing, Hornbuckle said during a recent
industry conference, referring to the anticipated
regulatory green light. Theres 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 Dubais leadership. We dont
have permission yet from the ruler of Dubai to go
forward, he said. I dont know when
well hear, but I do believe this ... If this
gets a casino, and I believe it will over time, we
think its 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, MGMs former
CEO.
Meanwhile,
competition in the UAE's nascent casino sector is
heating up. Wynn Resorts is preparing to open the
countrys 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 UAEs 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
Wynns confidence in securing a dominant position,
sources cited by Arabian Gulf Business Insight suggest
that other operators may eventually receive licenses,
casting doubt on the prospect of a long-term monopoly.
News
Lead
Up ...
Casino,
Gaming and Hotel Stocks
Markets/Trades
September
16, 2025
New
York, USA
MGM
Resorts International $35.36 -0.28 -0.79%
Wynn
Resorts Ltd $120.68 -2.17 -1.77%
Las
Vegas Sands $51.86 -1.23 -2.32%
Boyd
Gaming Corporation $82.15 -1.32 -1.58%
Caesars
Entertainment, Inc. $25.58 -0.32 -1.24%
Red
Rock Resorts, Inc. $59.71 -1.37 - 2.24%
Hilton
Grand Vacations Inc. $45.45 -0.100 -0.22%
PENN
Entertainment, Inc. $18.92 +0.090 +0.48%
Light
& Wonder, Inc. $88.69 -1.74 -1.92%
News
Bonus
NVIDIA
Corporation (NVDA) $174.84 -2.91 -1.64%
Lead
Up
24
hours ago approx
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%
Nine
shareholders in line for $780m dividend from Domain
sale
(In
Case You Missed It)
May
9, 2025
By
Sam Buckingham-Jones
US
real estate giant CoStar has agreed to buy property
sales portal Domain in a $3 billion deal that will
create a more powerful, cashed-up competitor to News
Corps REA Group, and deliver a windfall to Nine
Entertainment shareholders.
After
almost six weeks of due diligence, CoStar has agreed
to pay $4.43 a share for Domain. This is a 60 per
cent premium to the price Domain was trading at before
CoStar first expressed interest in the business in
February.
Domains
controlling shareholder Nine said it supported the
sale and told investors it would receive $1.4 billion
for its 60.1 per cent stake. Nine expects to give
roughly half of that 47¢ to 49¢ a
share, or about $777 million back to shareholders
as a fully franked special dividend.
CoStar
chief executive Andy Florance, who flew to Australia
on his private jet several times to personally oversee
the negotiations, said his company had a track record
of building online marketplaces and saw an opportunity
to enhance the Australian property market.
By
combining Domains deep expertise with our global
experience and best practices, we will build a more
compelling user experience at a lower cost
driving greater value for agents, vendors, and home
buyers, he said in a statement.
We
are confident this acquisition will foster more competition
in Australia.
Florance
said CoStar, which is listed on the Nasdaq and has
a market cap of $US32 billion ($50 billion), would
build a better user experience at a lower cost and
apply lessons from Domain to its international residential
real estate platforms http://Homes.com in the US and
OnTheMarket in the UK.
CoStar
bought 16.9 per cent of Domain on February 21 before
lobbing an initial bid at $4.20 a share, which it
later increased. The acquisition will go to a shareholder
vote in mid-August.
Nine,
which owns the Nine Network, streaming service Stan,
radio stations including 2GB and 3AW and publishing
assets The Sydney Morning Herald, The Age and The
Australian Financial Review, has struggled to grow
Domain on par with REA, which is majority-owned by
the Murdoch family-backed News Corporation.
REA
has grown its market capitalisation 163 per cent to
$33 billion over the past five years. Domain has grown
50 per cent during that same period to $2.7 billion.
Nick
Falloon, Domains chairman, said CoStars
interest was an endorsement of the strong fundamentals
of the company he had led for the past eight years.
The
sale of Domain means Nines market capitalisation
will likely fall below $1 billion. Nine told investors
the proceeds would strengthen its balance sheet and
position it to look for growth areas both
organic and inorganic.
Domains
shares rose 11¢ to $4.36, while Nines shares
increased 7 per cent to $1.60. REAs shares fell
$3.87 to $246.21. (AFR)
Full
article and coverage via subscription to The Australian
Financial Review
@FinancialReview
https://afr.com/companies/media-and-marketing/nine-shareholders-in-line-for-780m-dividend-from-domain-sale-20250509-p5lxvr
https://afr.com/companies/media-and-marketing
Media
Man
The
Australian Financial Review is the Media Man 'Newspaper
Of The Month' award winner
Gaming
And Casino News
April
2025
Star
Entertainment is a new operator despite
sins of the past
Inside
Asian Gaming Chief Executive Andrew W Scott says Star
Entertainment will have nothing to do with the sins
of the past.
Ballys
have got the opportunity to say look, were a
new operator, we have nothing to do with the sins
of the past, Mr Scott said.
I
think they didnt want to let it rain to receivership
because they felt that would be too complicated, they
wanted to pick it up as a going concern
and
see if they can turn it around.
News
Star
Entertainment: News
Star
Entertainment Group, an Australian casino operator,
has been in the spotlight in April 2025 due to significant
financial and operational developments. Heres
a concise overview of the latest news based on available
information:
Financial
Struggles and Rescue Deal: Star
Entertainment
reported a $300 million half-year loss for the period
ending December 2024, driven by a 25% revenue decline
to $650 million. Stricter payment regulations, including
mandatory pre-paid cards to curb money laundering,
have pushed gamblers toward pubs and clubs, hurting
Stars market share. The company secured a $300
million investment from Ballys Corporation and
Investment Holdings (linked to the Mathieson family),
with $100 million injected in April 2025, providing
critical liquidity. Stars cash reserves were
at $98 million as of April 11, 2025, narrowly avoiding
collapse.
Ballys
Takeover and Overhaul Plans: Ballys, a U.S.
casino giant, is set to control about 56% of Stars
capital, pending regulatory approval. Ballys
chairman, Soo Kim, emphasized a back-to-basics
approach, aiming to strip away the luxury focus of
Stars casinos (Sydney, Brisbane, and Gold Coast)
and make them more accessible, likening them to large-scale
RSL clubs. Kim noted Ballys history of turning
around distressed properties but acknowledged Stars
turnaround as a significant challenge.
Operational
and Market Challenges: Stars Brisbane casino,
Queens Wharf, was written down in value, and
its sale to partners Far East Consortium and Chow
Tai Fook Enterprises provided $53 million. The company
faced a trading halt in February 2025 due to delayed
financial reporting, with shares resuming trading
on April 16 at 11 cents, briefly jumping 14% before
crashing. Regulatory issues, including a $100 million
fine and a suspended license, continue to weigh on
the company.
Leadership
and Strategic Focus: CEO Steve McCann highlighted
the very challenged trading environment
but is now focusing on revenue growth following the
rescue deal. Ballys pitched its investment after
Star failed to secure a $940 million lifeline from
Salter Brothers, signaling a shift in strategy to
stabilize operations.
Critical
Perspective: While Ballys intervention offers
a lifeline, Stars deep losses and regulatory
burdens suggest a tough road ahead. The shift to a
less glamorous, mass-market model may alienate high
rollers, and stricter regulations could continue to
erode revenue. The narrative of a rescue
should be scrutinized, as Ballys own motivationsacquiring
a distressed asset at a discountmay prioritize
its interests over Stars long-term viability.
News
Domain
earnings outlook causes Fairfax hit - 3rd November
2016
Fairfax
Media has flagged a drop in first-half earnings for
its Domain real estate business as homeowners hesitate
to put their houses up for sale in Sydney and Melbourne.
Chairman
Nick Falloon said on Thursday that listings have failed
to recover since dropping in July amid uncertainty
over superannuation and negative gearing during the
federal election campaign.
'Now,
it's basically a lack of stock - people are not putting
their houses up for sale,' Mr Falloon said after Fairfax's
annual general meeting in Melbourne.
'It
(real estate) is a cyclical business, which will change
- it's just a question of when.'
Volumes
of new listings to the end of October were down 18
per cent in Sydney and five per cent lower in Melbourne.
Fairfax
pointed out that the comparative period in 2015 was
one of very strong listings growth for Domain, which
at the time boasted a 43 per cent increase in digital
revenue.
So
far this financial year, Domain's revenue is up by
two per cent.
Fairfax
shares closed down 3.5 cents, or 4.3 per cent, at
77.5 cents.
They
had dropped as low as 72 cents after Fairfax warned
Domain's first-half earnings before interest, tax,
depreciation and amortisation (EBITDA) would be slightly
lower because of the 'listings softness' and continuing
investment in the business.
Chief
executive Greg Hywood told shareholders that Fairfax
nonetheless remained confident on the outlook for
Domain.
Overall
group revenue for the year-to-date is six-to-seven
per cent below that of a year ago.
That's
better than the eight-to-nine per cent revenue fall
forecast in the 2016/17 outlook at the company's full-year
results in August.
Revenue
from Metro Media, which publishes the Sydney Morning
Herald, The Age and Australian Financial Review newspapers,
was down about eight per cent.
Revenue
from the Australian Community Media division was down
about 10 per cent.
At
the annual general meeting, one shareholder asked
if Fairfax might one day decide to sell its newspapers
and concentrate on Domain.
'We
have the view that publishing is a sustainable business
in its own right - all publishing,' Mr Hywood said.
Mr
Hywood said, however, that consumers of news were
now accessing the product more through digital platforms
than printed newspapers.
'Clearly,
if closer to 70 per cent of the audience (seek) access
through digital means, we have to focus on the journalism
and where people access it,' he said.
'So
what we've done is invest in the digital platform.'
(AAP)
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 Citys 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 Citys gambling industry.
News
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 Wheatcrofts 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.
News
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 states 15 casinos
combined for a win of $140 million in August, up 3.1%
from Julys 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 states legislators
made two attempts to legalize IL online gaming this
year, but both fell short.
News
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 Internationals 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.
News
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 casinos
AGR, or wagers minus winnings, and $11.8 million in
taxes were paid to the Gaming Proceeds Fund.
News
MGM
getting more solar energy with rural Nevada solar
farm
Nevada
(Las Vegas) - A solar farm in the remote Nevada desert
will double MGM Internationals 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
whats needed for nighttime.
News
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 trios 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 Ostempowskis LinkedIn
profile, he has held executive-level positions in
multiple gaming markets, including Las Vegas, the
Gulf Coast, the Midwest and Colorado.
News
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.
News
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 Nevadas
$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. Its where
they go to meet their friends and congregate.
News
Opening
sportsbook with Jay-Z at Ocean Casino, Fanatics CEO
Michael Rubin explains Atlantic Citys appeal
Michael
Rubins 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, Im in a casino in Atlantic
City, and she goes, Youre grounded,
get home. Thats my favorite story.
News
A
jobs boon from a casino at Manhattans Hudson
Yards? Experts arent 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 Citys
largest provider of family shelter and permanent supportive
housing, were among the groups that said the proposal
would bring significant career opportunities.
News
Maines
first in-person sports betting bar opens in Portland
Maines
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
Maines new law to run sports betting, the other
being DraftKings. The founder of Oddfellahs
says theres more to the bar than just sports
betting.
News
IIlinois
Gaming Board renews Rivers Casinos license
The
Illinois Gaming Board on Thursday renewed Rivers Casinos
gaming license as well as Hawthorne Race Courses
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.
News
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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