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Casino
February 19, 2024
New Jersey Sees Historic Surge in Gambling Revenue Amidst Changing Landscape
In a month marked by unprecedented highs for New Jersey’s gambling industry, the state shattered multiple revenue records in January, signaling a robust start to 2024. However, amidst the celebration, there was a notable occurrence as traditional in-person casino earnings experienced a decline. Internet Gambling and Sports Betting Reach Historic Highs in New Jersey According […]
Industry
February 16, 2024
Police Bust Illegal Gambling Dens Allegedly Run by Crown Staff
Two 2023 police raids at Mt Lawley and Cloverdale gambling dens helped authorities seize almost $190,000 in cash, along with gambling cards and chips usually found at Monte Carlo casinos. The two underground locations used for illegal gambling were allegedly run by a number of Crown Casino workers. The casino chips and blocks of cash […]
Industry
February 16, 2024
Lawmakers Support Raising Tax Threshold on Slot Winnings
For nearly a decade, lawmakers such as Rep. Dina Titus have continuously urged the Internal Revenue Service (IRS) to raise the existing threshold on slot winnings that require a W-2G tax form. The current regulation requires anyone with winnings of $1,200 or more to submit a W-2G tax form. This policy was established back in […]
Casino
February 16, 2024
Study Shows Online Gaming Boosts Traditional Casino Revenue
A recent study has challenged the long-held belief that online gaming poses a threat to brick-and-mortar casinos. Commissioned by the iDevelopment and Economic Association (iDEA Growth) and conducted by Eilers & Krejcik Gaming (EKG), the study suggests that far from cannibalizing traditional casino revenue, online gaming might actually be enhancing it. Online Gaming Boosts Brick-and-Mortar […]
Business
February 15, 2024
Monarch Casino & Resort Reports 2023 Q4 Results
The Nasdaq-listed company that owns and operates the Monarch Casino Resort Spa in Black Hawk, Colorado, and the Atlantis Casino Resort Spa in Reno, Nevada through its subsidiaries, Monarch Casino & Resort, Inc., has announced its operating results for the fourth quarter which ended December 31, 2023. The company has reported a 6.3% boost in […]
Industry
February 15, 2024
Former Fiancé of S. Korean Fencer Sentenced to Prison for Fraud
In October, Olympian Nam Hyun-hee posed with her future husband Jeon Cheong-jo for a popular magazine in South Korea. The famous Olympian fencer’s fiancé presented himself at the time as an heir to a wealthy family. This public appearance ultimately led to the downfall of Jeon, who not only appeared to be a female rather […]
Casino
February 15, 2024
Anti-smoking Debate in Atlantic City Intensifies with New Bill
The debate about smoking on the casino floor in Atlantic City’s casinos has been ongoing for nearly two decades. Currently, a loophole in New Jersey’s Smoke-Free Air Act allows casinos to permit indoor smoking within an area of up to 25% of their gaming floors. In contrast, the Act prohibits smoking within public areas in […]
Legal
February 15, 2024
Nebraska Legislators Move Forward with Bill to Regulate Skill Gaming
Nebraska lawmakers are pushing ahead with a bill aimed at tightening regulations on skill gaming machines present in various establishments statewide. The bill, LB685, spearheaded by State Sen. John Lowe of Kearney, has passed its initial stages with a resounding 31-0 vote in favor. Proposed Laws Tackle Skill Games’ Growth with Taxes and Stricter Regulations […]
Legal
February 15, 2024
Alabama Legislators Fast-Track Comprehensive Gambling Proposal
A comprehensive gambling proposal encompassing a state lottery, sports betting, and the establishment of multiple casinos surged ahead in the Alabama Legislature on February 14. Legislative Approval Will Set Stage for Alabama Gambling Referendum The Alabama House Economic Development and Tourism Committee, in a swift move, gave its stamp of approval to the two-bill package, […]
Business
February 14, 2024
MGM Resorts Posts Exceptional Q4 and 2023 Results
The leading US and international gambling, entertainment and hospitality company, MGM Resorts International, released its latest unaudited financial report Tuesday. The company disclosed details regarding its performance for the fourth quarter of 2023 as well as the full year, highlighting strong growth in revenue pushed by exceptional results from MGM China. For 2023, MGM Resorts […]
