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Australian Casino Mogul to Persuade Sri Lankan Government
November 12th, 2013 By John Marsh

Australian Casino Mogul to Persuade Sri Lankan Government

James Packer, Australian gambling tycoon, will be in attendance at a Commonwealth Business forum this week in Sri Lanka that coincides with the meeting of the Commonwealth Heads of Government. Packer will be speaking at the forum on Commonwealth Business, and the billionaire is expected to also lobby the Sri Lankan government over his plans […]

A Casino Catch 22 that Could Happen to Any Town
November 12th, 2013 By Stan McCormick

A Casino Catch 22 that Could Happen to Any Town

The votes are in, and East Boston residents have opposed the Suffolk Downs race track casino in the city of East Boston, only to be slapped in the face with an even worse fate: a casino in the town next door. The Suffolk Downs casino proposal was rejected by East Boston voters by 56% to […]

Wynn Resorts Growing in Revenue and Resorts
November 7th, 2013 By April Bergman

Wynn Resorts Growing in Revenue and Resorts

Wynn Resorts, Limited continues to see growth thanks to Macau’s booming casino market. The Las-Vegas-based casino brand will join with Las Vegas Sands in further expansion into Macau. Third-quarter reports, which were released last week, show Wynn Ltd (owned and operated by Steve Wynn) earnings for that quarter were $182 million ($1.79 per share), up […]

Las Vegas Sands Gears up for Global Expansion
November 6th, 2013 By April Bergman

Las Vegas Sands Gears up for Global Expansion

It’s the same story across the board. Macau revenue is supporting the big-name Las Vegas resort casinos.  About 60% of Las Vegas Sands’ value is constituted by Macau operations. Additionally, Wynn properties are showing revenue growth from Macau. Both companies are expanding in Cotai. Las Vegas Sands unveiled plans last month for a new resort […]

Casinos Ready for New $100 Bills
November 4th, 2013 By Stan McCormick

Casinos Ready for New $100 Bills

On October 8th, the new $100 bill debuted, and casinos had been preparing for it for quite some time, for years actually. Equipment manufacturers and resorts spent many hours ensuring that the slot machines would accept the new bills without any problem, and the transition has been seamless thus far. The US Treasury Department gave […]

Suffolk Downs Seeks Replacement Casino Operator
October 31st, 2013 By April Bergman

Suffolk Downs Seeks Replacement Casino Operator

After a crushing blow to Caesars Entertainment that terminated the deal between the Las Vegas casino giant and Suffolk Downs Massachusetts track, the 78-year-old thoroughbred race track that sits between East Boston and Revere is looking for a new casino operator partner. SD told state regulators that they were talking to multiple casino operators that […]

Caesars Entertainment Slides into 2014
October 30th, 2013 By Stan McCormick

Caesars Entertainment Slides into 2014

Caesars Entertainment, the Las Vegas-based international casino brand, has been in the headlines lately, and it’s not all good news. Caesars operates a number of Las Vegas hotel casinos including Harrah’s, Caesars Palace, Paris-Las Vegas, Bally’s, the Flamingo, the Quad, and the Rio, and other properties in other US cities. The brand was also represented […]

Five Casinos Receive New Jersey Online Gambling Permits
October 24th, 2013 By John Marsh

Five Casinos Receive New Jersey Online Gambling Permits

As more New Jersey online gambling licenses are being distributed, existing casino entities have been busy forging partnerships with online casino operators. This is due to the fact that online gambling licenses require such a relationship before online gambling services can commence.  Borgata, which was awarded the first NJ license earlier this month, will operate […]

Macau Casinos’ Post Best Monthly Revenues Ever in October 2013
October 24th, 2013 By April Bergman

Macau Casinos’ Post Best Monthly Revenues Ever in October 2013

Macau, deemed the premier gambling hub of the world, is exceeding expectations for the month. Analysts, who had predicted record growth for the month of October, were wrong only in low forecasts. With only a week left in the calendar month and Macau’s gross gambling revenue as of last Sunday already at MOP24.8 billion, that […]

New York’s November Vote Will Say Yay or Nay to Casinos
October 21st, 2013 By John Marsh

New York’s November Vote Will Say Yay or Nay to Casinos

On November 5th, New York residents will vote whether or not they will amend the state’s constitution to allow Las Vegas-style casino resorts to be built in New York. Governor Andrew Cuomo has spent the past three years working towards the implementation of this project that would bring seven casino structures to the state. He […]

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