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Business
February 8, 2024
Wynn Macau Surpasses Q4 Expectations with Strong Revenues
In a notable rebound, Wynn Macau Ltd, the Macau-based casino operator and subsidiary of Wynn Resorts Ltd, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This […]
Industry
February 8, 2024
Cybersecurity Expert Warns of the Dangers of Cyberattacks for Casinos
Cyberattacks against financial institutions and casinos are not uncommon. Considering the large amounts of money those organizations are in charge of, it comes as no surprise that they are targeted by hackers. While some cyberattacks fail, others succeed, resulting in losses that can be upwards of millions of dollars. Last year, MGM Resorts International, the […]
Casino
February 7, 2024
Two Arrested for Armed Robbery at Gambling Den in Queens, New York
Two individuals have been apprehended by FBI agents for their alleged involvement in a violent armed robbery at an illicit gambling establishment in Flushing, Queens, last July. The incident, which resulted in one person sustaining gunshot wounds, has led to charges against Jamel Berry from Astoria and Zhong Wang, a Chinese national. Robbery at Flushing […]
Business
February 7, 2024
Gaming and Leisure Properties Expands Portfolio with Tioga Downs Acquisition
Gaming and Leisure Properties, Inc. (GLPI) announced the acquisition of the real estate assets of Tioga Downs Casino Resort in Nichols, New York, from American Racing & Entertainment, LLC, for a sum of $175 million. GLPI Seals Tioga Downs Acquisition with $14.5 Million Annual Rent Agreement The agreement stipulates an initial annual rent of $14.5 […]
Industry
February 6, 2024
President Joe Biden Visits Las Vegas, Opposes Hidden Junk Fees
Additional fees that are often used to inflate the price of hotel and resort accommodation are also referred to as junk fees. Every year, millions of Americans planning their vacation are unpleasantly surprised by such fees, some of which are not disclosed until the very last moment, leaving them without any options but to comply […]
Industry
February 6, 2024
Maryland’s Casino Revenue Declined in January
Maryland’s six casinos have posted total revenue of $153.2 million for January 2024. This figure represents an 8.4% year-on-year decrease and led to lower contributions to the state. For reference, the best-performing casino was MGM National Harbor, a property with over 2,000 slots and more than 200 gaming tables. The MGM property posted revenue of […]
Casino
February 6, 2024
Little Trail Casino in Florida to Open on February 14
Last year, the Miccosukee Tribe of Indians, one of the federally recognized tribes in Florida, announced the start of the development of its newest venue, the Little Trail Casino located in Ochopee. After half a year of development, the Miccosukee Tribe confirmed that its new premium gaming location is expected to open its doors to […]
Industry
February 6, 2024
Catawba Casino in North Carolina Eyes Mobile Betting Partnership
North Carolina’s tribal operators legalized retail sports betting in July 2019. Then, last June, state lawmakers legalized online sports betting as well, with the launch of the activity expected next month. So far, there are eight online sports betting operators that are expected to roll out their services with the opening of the market in […]
Casino
February 6, 2024
Atlantic City Casino Workers Rally for Smoke-Free Environment
Atlantic City, known for its vibrant casinos and bustling nightlife, has long been a hub for those seeking their luck at the card tables or slot machines. However, behind the glitz and glamour lies a persistent issue that has been plaguing the city’s workforce for years: secondhand smoke. Advocates Emphasize Worker Well-being Over Financial Concerns […]
Casino
February 5, 2024
Macau Casinos Navigate Debt Maturities Amidst Positive Revenue Outlook
Macau’s gaming operators are facing the challenge of upcoming debt maturities, with significant obligations slated for 2025. However, amidst the financial landscape shaped by the COVID-19 pandemic, these operators seem prepared to handle the situation with cautious optimism. Macau Casinos Delay Debt Refinancing for 2025, Eyeing Improved Cash Flow According to recent insights from S&P […]
