By Mike Johnson

Business

Las Vegas Sands, Sheldon Adelson to Pay Employees Through At Least October 31

July 30, 2020

Las Vegas Sands will keep paying health benefits and salaries to all of its 10,000 employees through at least October 31, company chairman and CEO Sheldon Adelson has said. Sheldon Adelson Vows to Pay Employees Through October 31 Las Vegas Sands will continue to support workers by maintaining pay and covering benefits through at least […]

By Jerome García

Business

Nevada Looking at 3-Year Recovery to Reach Pre-Pandemic Levels

July 29, 2020

Recovery in Nevada to pre-pandemic levels could take up to three years, economic analyst Jeremy Aguero has cautioned. Nevada’s Recovery Road Could Take 3 Years Nevada is looking at a long and sinuous recovery road, one analyst estimates, with Southern Nevada facing various challenges, from job cuts to reduced visitation rate, and the dangers of […]

By Fiona Simmons

Business

Massachusetts Betting Amendment Proposes 30% Tax on Online Wagering

July 29, 2020

Massachusetts lawmakers have voted amendments on House Bill 4879 to expand the scope of online lotteries in the state and increase sports betting tax to 30%. Amendments Passed for HB 4879 in Massachusetts Massachusetts lawmakers have amended a sports betting bill introduced last week to now allow online lotteries to operate legally in the state. […]

By Julie Moraine

Business

DraftKings Becomes the PGA TOUR Official Betting Operator

July 28, 2020

DraftKings and the PGA TOUR have officially expanded on their multi-year exclusive arrangement, an announcement by the daily fantasy and sports book provider outlined. The content and marketing deal signed in 2019 that made DraftKings the first Official Daily Fantasy Game of the PGA TOUR now expands into the sports betting sphere by designating the […]

By Julie Moraine

Business

Mashpee Tribe to Retain Land, U.S. House of Representatives Decides

July 28, 2020

The Mashpee Tribe has won a court case against the Trump Administration which attempted to take away 300 acres of land from the tribe, reversing a 2015 decision passed by former U.S. President Barack Obama’s administration. Massachusetts Mashpee Tribe Wins Against Aggressive Land Takeover Tribes in Massachusetts can finally relax after the U.S. House of […]

By Mike Johnson

Business

Tipico Adds NetEnt as Content Partner Ahead of NJ Launch

July 28, 2020

NetEnt has become one of the first partners for Tipico’s pending launch in the United States and the New Jersey market in particular. Tipico Teams up with NetEnt for a New Jersey Launch Expanding on its recently-announced marketing efforts in the United States and New Jersey, Tipico has secured a content deal with NetEnt. Tipico […]

By Fiona Simmons

Business

LVS Waives Rents for Mall Tenants in Macao and Singapore

July 27, 2020

Las Vegas Sands Corp. filed information to the Securities and Exchange Commission (SEC), revealing the company waived for the first six months millions in rents to mall tenants in Macao and Singapore. The total amount of rents waived to support its tenants is $170 million and accounts for most of the decline in mall revenue […]

By Jerome García

Business

RSI Goes Public on the NYSE, Merger Deal with dMY Agreed

July 27, 2020

Rush Street Interactive (RSI) announced Monday it entered into a definitive agreement with NYSE-traded dMY Technology Group for the merger of the two companies, upon the completion of which RSI will become a public listed company. SPAC Deals Continue The Boards of Directors of both the Special Purpose Acquisition Company (SPAC) dMY and Rush Street […]

By Mike Johnson

Business

Resorts World LV Begins Preparing for 2021 Summer Opening

July 27, 2020

Resorts World Las Vegas will continue with construction efforts as planned and will open in the summer of 2021, after pushing the original launch by a year from 2020. Genting’s Resorts World Remains Optimistic about the Future With Resorts World Las Vegas calling it lights out until next summer, the property is already preparing for […]

By Fiona Simmons

Business

IBIA Calls for Introduction of In-Play Betting in Australia

July 27, 2020

Australia’s Sports Wagering Scheme (ASWS) designed to boost sports betting integrity would need to consider adding in-play betting and strengthen racing betting regulation, the International Betting Integrity Association (IBIA) has cautioned. IBIA Calls for In-Play Betting Options and Boosting Sports Integrity The International Betting Integrity Association (IBIA) has launched an appeal for in-play betting opportunities […]