Business
April 11, 2025
Publishers Clearing House Goes Bankrupt, Starts Digital Shift
Publishers Clearing House (PCH), the well-known sweepstakes company famous for its TV prize giveaways and big checks, has filed for Chapter 11 bankruptcy to change its business strategy. The Jericho, New York-based firm plans to move away from its old reliance on direct mail and catalog marketing to focus on digital ads and entertainment instead. […]
Legal
April 11, 2025
Aristocrat Pressures Light & Wonder over Evidence Access
The legal battle between Aristocrat Technologies and Light & Wonder over the Dragon Train slot game series has gotten worse, with new US court filings showing growing friction about sharing evidence and discovery rules. Tensions Rise as Aristocrat Targets Ex-Staffer in IP Battle with Light & Wonder Papers filed on April 8 show Aristocrat slamming […]
Industry
April 11, 2025
Saks Fifth Avenue Abandons Casino Project in Midtown NYC
A total of 11 companies showed interest in securing one of the three lucrative New York downstate casino licenses. Now, the number of likely bidders has gone down, as reportedly one company decided to drop from the process and no longer pursues securing a license. Midtown Casino License Bidder Drops from Race Saks Global, the […]
Industry
April 10, 2025
Portnoy Banked on Trump for a Stock Market Win
David Portnoy, the founder of Barstool Sports, is relieved that President Trump delivered the financial “victory” that the sports betting businessman was hoping for. Portnoy Says Trump Is Playing a “Hight-Stakes Game” David Portnoy has been an avid supporter of President Donald Trump, whose recent introduction of new tariffs has sent shockwaves across businesses in […]
Industry
April 10, 2025
Nevada Bill Seeking to Seize Illegal Gambling Proceeds Passes Senate
Lawmakers in Nevada have advanced a new bill that would reinforce the state’s regulations against unlicensed gambling. Per the proposed measure, authorities will be able to request illegal operators to relinquish their profits to the state. Nevada Seeks to Make Illegal Gambling Unsustainable Senate Bill 256, which was sponsored by Senator Rochelle Nguyen, proposes a […]
Industry
April 10, 2025
Nevada Considers Limiting Under-21 Cigarette Sales to Casinos
Nevada lawmakers are considering a bold move to restrict cigarette smoking among young adults. However, the newest proposed legislation has an added twist that has been raising eyebrows. Casinos would be exempted from this measure, indirectly incentivizing young people to visit such establishments. Such a measure could potentially lead to rising gambling harm rates and […]
Industry
April 10, 2025
Hudson Yards West Project Advances with Important Approval
Wynn Resorts and Related Companies’ bid for a hotel and casino resort in New York picked up significant speed after important approval. Earlier this week, Hudson Yards West, the project proposed by the two companies, received approval from the City Planning Commission (CPC), marking an important step in the ongoing process. The Development Is Expected […]
Business
April 10, 2025
Fertitta Doubles Down on Wynn Stake Amid New Trump Tariffs
In a move that now looks timed to perfection, billionaire Tilman Fertitta has quietly doubled down on his investment in Wynn Resorts (NASDAQ: WYNN), strengthening his position as the largest individual shareholder of the company. Ferttita Now Owns 13% of Wynn Resorts According to recent filings with the Securities and Exchange Commission (SEC), Fertitta, who […]
Industry
April 10, 2025
Bidder Loses Right to Cash in $60K in Chips from Closed NJ Casino
An appellate court in New Jersey denied close to $60,000 in poker chips to a man who thought he had struck gold when he purchased some old casino chips at an online auction. The attempt to redeem the chips from the long-shuttered Playboy Hotel and Casino was initiated in January 2023 and hit a brick […]
Business
April 10, 2025
Room Tax Revenue Expected to Decrease in Las Vegas
Amid the recently imposed tariffs by the United States that have the potential to spill into a global trade war, tourism across the country may be impacted. In particular, the recent tariffs imposed on Canada and Mexico, are raising concerns for the tourism industry in Las Vegas. Tariffs May Impact US GDP and Tourism The […]
