Casino
January 6, 2025
Carnival Cruise Wants You to Gamble Onboard, But at the Casino Only
Carnival Cruise Line’s brand ambassador, John Heald, has issued a polite reminder to travelers to ensure that when they gamble onboard any of the ships, they do so only in the designated area that has been approved for games of chance, i.e. the casino. Carnival Cruise Restricts Gambling to Casino Floor Only The reminder has […]
Casino
January 6, 2025
Health Department Closes the Strip’s Wolfgang Pick Bar & Grill
Some of the most celebrated culinary treats you can treat your palette to on the Las Vegas Strip are found at MGM Grand’s Wolfgang Puck Bar & Grill, which had to be temporarily closed following an inspection by the Southern Nevada Health District last week. Popular Las Vegas Restaurant Due to Reopen after Health Inspection […]
Business
January 6, 2025
DraftKings Hit by Q4 Losses, But Long-Term Growth Stays on Track
DraftKings, a big name in the US online sports betting and gaming scene, ran into some snags in the fourth quarter of 2024 because of unpredicted sports results. A January 2 note from JPMorgan analyst Joseph Greff pointed out that the company saw a big drop in revenue as betting favorites and multi-game parlays did […]
Casino
January 6, 2025
Michigan’s Gaming Sector Generates Over $500M for State in 2024
Michigan’s gaming industry hit a big mark in 2024 raising $501.4 million for the state’s School Aid Fund, which helps K-12 public schools. This number shows how much the industry has grown and how it supports key services across the state. Michigan’s Online Gaming Boom Supports Education and Public Safety Online gaming led the way […]
Business
January 3, 2025
Disappointing Online Betting Results Hamper Caesars’ Q4 Outlook
J.P. Morgan analyst Joseph Greff has adjusted Caesars’ Q4 Las Vegas Strip cash flow estimate to $485 million from $499 million, highlighting several negative factors that hurt revenues. However, this new estimate still marks a strong result considering Q4 2023’s $489 million figure. Greff also adjusted his price target for Caesars’ shares, lowering it from […]
Industry
January 3, 2025
Michigan Gaming Tax Remains Unchanged as Bills Fall Through
Michigan’s Senate Bills 1193 and 1194 have failed to progress in 2024, meaning that the state’s gambling tax framework will remain unchanged, at least for now. The measures in question sought slight tax increases that would have generated extra funds for a variety of causes. SB 1193 Sought to Increase the Taxes Slightly The two […]
Casino
January 3, 2025
MGM Resorts Set to Continue Increasing Fees in 2025
MGM Resorts International is reportedly exploring a series of new revenue-enhancing strategies for 2025. These initiatives will build upon recent measures in the company’s Las Vegas properties, such as resort and parking fee increases. These measures come as the company faces headwinds in its traditional brick-and-mortar casino operations, hopefully giving it additional leeway to adapt […]
Legal
January 3, 2025
Tribes in California Take Legal Action Against Card Rooms
After arguing for years federally recognized Native American Tribes and card rooms in California will soon be able to resolve a major dispute. The prime issue of the Tribes is with the card rooms’ offering of certain table games such as poker and blackjack. The Tribes previously argued that such games cannot be offered by […]
Legal
January 3, 2025
Former Poker Pro Charged with Murder, Mental Illness Suspected
Craig Michael Bergeron, a prominent poker player who has been absent from the scene for five years, has shot a person dead and assaulted another victim. The man has since been arrested and is believed to have been suffering from a mental illness. A Man Died After Allegedly Being Shot by Bergeron On December 23, […]
Business
January 3, 2025
Tekkorp Capital Increases Stake in FansUnite Entertainment
As part of a previously negotiated share purchase agreement, Tekkorp now owns 15.91% of FansUnite’s outstanding shares, solidifying its position in the company. Previously, Tekkorp held 7.61%. Since September 16, 2024, when an agreement was signed for the purchase of additional common shares and warrants, the investor has been growing its influence, and there may […]
