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Casino
August 8, 2024
Venetian Owners Set for $550M Dividend Distribution
The owners of the Venetian on the Las Vegas Strip are poised to take a substantial $550 million distribution, following a green light from the Nevada Gaming Control Board. This move, set to benefit private owner Apollo Global Management and its investors, now awaits final approval from the Nevada Gaming Commission, which will meet later […]
Casino
August 8, 2024
Suspect in $750K Casino Cage Scam Arrested One Year On
One such incident took place on June 8, 2023, when an employee at the Sam’s Town cashier cage handed over $750,000 to an unknown party. A suspect may have finally been arrested, however, with one R.B., 36, remanded in custody over the weekend by the Las Vegas Metro police. A bail of $30,000 has been […]
Industry
August 7, 2024
Harry Reid International Airport Visitor Wins $1.45M from Slot
A lucky traveler has won a huge $1.45 million jackpot at Harry Reid International Airport after deciding to fire up the reels of a Wheel of Fortune slot game while waiting for his flight. The Player Became Rich While Waiting for His Plane As one of the only two US airports to offer slots, Harry […]
Business
August 7, 2024
IGT Selects Nick Khin for President, Global Gaming Role
Amid the sale of IGT’s Gaming and Digital business, the company recently disclosed its second quarter results. The Q2 2024 report pointed to $1.05 billion in revenue for the latest trading period, a figure that marked a decrease of 1% year-over-year. Now, the company announced a senior-level appointment as well. On Wednesday, IGT confirmed the […]
Business
August 7, 2024
Wynn Resorts Records Record Quarter While Unveiling Global Expansion Plans
Wynn Resorts has plans to grow worldwide while enjoying a record quarter. The company saw its best second-quarter EBITDA ever reaching $572 million. This success came from strong results at its sites in Las Vegas, Boston, and Macau. Wynn Resorts Unveils Expansion Plans for Thailand and UAE While Thriving in Las Vegas Wynn Resorts wants […]
Industry
August 6, 2024
US Gambling Sector Must Adapt to Shifting Market Dynamics
A recent report by US consumer credit reporting agency TransUnion highlighted the explosive growth of the USA’s gambling sector but cautioned that shifting industry dynamics require a revised approach. Operators must effectively separate high-value from high-risk bettors and keep the current pace of innovations to maintain sustained growth. Changing Demographics Present New Challenges According to […]
Industry
August 6, 2024
Maryland Casino Sector Records Slowdown as July Revenue Declines
Maryland’s six casinos have generated almost $170 million in revenue in July 2024, marking a slight year-on-year decline. By extension, this led to a slight decline in the industry’s contributions to the state. Maryland’s Six Casinos Recorded Slightly Lower Revenue Maryland has six legal commercial casinos that offer both table games and video lottery terminals […]
Industry
August 6, 2024
Stock Market Slump Jolts the Gambling Industry
The gaming industry was significantly impacted by Monday’s dramatic stock market slump, which saw the Dow Jones Industrial Average drop over 1,000 points, marking the market’s worst day since 2022. The Dow tumbled 2.6%, while the Nasdaq Composite plunged 576 points—equating to 3.4%. These rapid movements caused significant panic, but the situation looks to be […]
Legal
August 6, 2024
Man Faces Prison Time for Displaying Genitals at Florida Casino
A man in Florida has been arrested after allegedly waving his genitalia in a casino’s poker room. Appearing angry, the man got into trouble with the guards and was eventually arrested. The Man Got Angry for an Unspecified Reason The 27-year-old was identified as Abdul Rahman Zaina, a resident of Jamaica neighborhood in Queens, New […]
Industry
August 5, 2024
Thailand Takes the First Steps toward Casino Resort Regulation
The highly anticipated move toward legalizing resort casinos in Thailand is taking form. The country has just unveiled a draft casino bill defining the regulatory framework for integrated entertainment venues with casinos. The draft bill, published on Friday, outlined how Thailand’s future casino regulatory body would look and what it would be responsible for. It […]
