Industry
July 19, 2024
Casino Sector Underperforms Despite Solid Fundamentals, Analyst Warns
Barry Jonas, an analyst at Truist Securities, is worried that the casino sector has been underperforming. He cited strong gaming fundamentals but said investors are growing increasingly concerned about a potential consumer pullback. Las Vegas Strip Shows Surprising Strength Amid Investor Worries In a note to investors, Jonas dismissed concerns about record heat in Las […]
Industry
July 19, 2024
Massachusetts Communities Benefit from $18M in Gaming Commission Grants
The Massachusetts Gaming Commission (MGC) has just awarded over $18 million worth of grants from the Community Mitigation Fund (CMF) all throughout several municipalities and eligible entities in the state. This funding, which is for fiscal year 2025, aims to offset any negative effects that may come with running a casino as well as improve […]
Casino
July 18, 2024
Yaamava’ Resort & Casino Hands $1.5M Jackpot to Riverside Player
Yaamava’ Resort & Casino, a tribal gambling property in San Manuel, announced that it has handed a $1.5 million jackpot to a lucky visitor. The historic jackpot was hit on July 4, presenting the player with an amazing Independence Day gift. The guest, according to the casino, won $1,517,211 playing the Fortune Pai Gow game. […]
Business
July 18, 2024
Evoke Behind Plan as Revenue Stumbles
Evoke, the recently rebranded company emerging from 888 Holdings, has reported a slower-than-expected second quarter of the year. In its Q2 2024 update, the company acknowledged that it was what it called “behind plan” on its revenue growth projections, prompting renewed soul-searching among the company’s top brass. Evoke Still Finding Its Footing in Post-888 Era […]
Casino
July 18, 2024
Wildhorse Resort & Casino Cleared of COVID-19 Scare Reopens
The Wildhorse Resort & Casino in Pendleton has been cleared to reopen after an initial scare that a staffer had fallen sick of COVID-19 was put to rest. The casino reopened on Wednesday afternoon and has undergone a careful inspection process from public health officials which cleared the property to continue doing business as usual. […]
Business
July 18, 2024
SharpLink NASDAQ Listing Threatened by Compliance Strikeout
In an update provided by SharpLink, a leading sports betting affiliate company, the firm informed that it has received a noncompliance notice from NASDAQ, citing an issue with Listing Rule 5550(a)(2) which demands companies to maintain a minimum bid price of $1 per share. SharpLink Braces for Recovery of NASDAQ Compliance SharpLink’s trading price stood […]
Casino
July 18, 2024
Las Vegas Sands’ Stock Takes Hits as Donald Trump’s Reelection Odds Shorten
Las Vegas Sands is in a strange position. The business founded by the late Sheldon Adelson, a staunch Republican supporter, has not deviated from its pro-GOP line under the control of Miriam Adelson, Mr. Adelson’s wife. LVS’ Stock Experiences the Jitters as Trump’s Chances Grow Steadily Yet, as the polls continue to steadily increase in […]
Industry
July 18, 2024
NCPG Introduces Tribal Advisory Council to Tackle Gambling Issues
In order to tackle gambling-related issues among Native American communities, the National Council on Problem Gambling (NCPG) has formed its Tribal Advisory Council. NCPG is the only national nonprofit organization that focuses on reducing the economic and social impact of gambling addiction, and its new program seeks to foster closer cooperation with tribal gaming organizations. […]
Industry
July 17, 2024
New Jersey Announces June 2024 Gaming Industry Results
The New Jersey Division of Gaming Enforcement (DGI) released its newest gambling industry financial report for June 2024. The total gaming revenue for New Jersey’s nine casino hotel properties settled at $244.1 million, a modest increase of 1.0% compared to $241.6 million reported in June 2023. Year-to-date win stood at $1.36 billion, consistent with last […]
Casino
July 17, 2024
Jamul Casino Hotel Tower Project Nears Completion
The Jamul Indian Village Development Corporation (JIVDC), a wholly-owned enterprise of the Jamul Indian Village Tribe, celebrated another monumental step in the construction of Jamul Casino’s new 16-story hotel tower with a topping-off ceremony that included the placement of the final beam onto the structure. This milestone will set the stage for a spring 2025 […]
