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Industry
June 22, 2021
COVID-19 Hurt Atlantic City More Than the Great Recession
Atlantic City’s casinos were financially impacted, like industries across the US, when the economic bubble burst 14 years ago. That led to New Jersey taking additional steps to manage its gambling hub and oversee its operations and, as the years progressed following that recession, Atlantic City seemed to be on the road to recovery. Then, […]
Sports
June 21, 2021
Expensive Problem May Be Ahead for the Washington Football Team
The Washington Redskins rebranded to the Washington Football Team last year. Now, reportedly the team may have an expensive issue to resolve after receiving a refusal for trademarking their name on clothing. Washington Football Team Rebranded Last Year Based in the Washington metropolitan area, the Washington Football Team is an American football franchise that competes […]
Legal
June 21, 2021
Mohegan Tribe Files Lawsuit against Insurer for Disputed Claims
Connecticut’s second tribal casino operator became the latest gaming company to file a multi-million lawsuit against an insurance company for failing to cover coronavirus-related damages to the business, Associated Press reported. Following in the Footsteps of the Mashantucket Pequots The operator of Mohegan Sun gaming property, the Mohegan Tribal Gaming Authority, initiated legal proceedings Friday […]
Casino
June 21, 2021
A Small Plot on the Las Vegas Strip Sells for $80 Million
Brett Torino, a Las Vegas developer, has bought a small plot in CityCenter, $80 million, and plans to build a retail complex. Brett Torino Buys a Small Plot on the Strip for $80 Million Las Vegas developer Brett Torino started talks to buy a site on the Las Vegas Strip a year ago. Now he has a […]
Legal
June 21, 2021
Arizona Gambling Regulator Continues Discussions on Sports Wagering Rules
The Arizona Department of Gaming initiated a discussion on event wagering rules last week. The consultation with stakeholders started on Friday and continues today. By launching the discussion, the regulator aims at finalizing the rules with the help of feedback from stakeholders. Arizona Gambling Regulator Launches Discussion on Event Wagering with Stakeholders Last month, legal […]
Blockchain
June 21, 2021
Texas Grocery Giant H-E-B Set to Welcome Crypto ATMs
Texas grocery giant H-E-B has jumped on the cryptocurrency bandwagon, with the installation of 29 Coin Cloud ATMs across the state. H-E-B customers will now be able to buy 30 major digital currencies, including while shopping for their groceries. The San Antonio based company rose to prominence earlier this year after helping residents in the […]
Industry
June 21, 2021
D.C. Reports Staggeringly Low Sports Betting Revenue
D.C. could soon see unexpectedly low sports betting tax revenue as every year the officials revise down their revenue projections since the legalization of sports gambling in 2020. D.C. Council Dazzled by the Low Revenue from Sports Betting The D.C. Council Committee on Business and Economic Development held a budget oversight hearing on Thursday where […]
Casino
June 21, 2021
Cordish Wants Norfolk to Pay over Losing Casino Bid
The Cordish Companies feels like Norfolk, Virginia jilted when it awarded a casino license to the Pamunkey Indian Tribe last year. The two entities were vying for the rights for a casino in the city and Cordish was convinced it had the upper hand before Norfolk chose its rival. Now, the casino operator is out […]
Business
June 21, 2021
MGM Injects $500m to Upgrade Yonkers Raceway
Out with the old, in with the new is becoming fashionable in a post-COVID-19 environment, especially in the gambling ecosystem. A number of casino operators are breathing new life into their old properties as they emerge from the coronavirus destruction, hoping that fresh fixtures and amenities will quickly attract the crowds. New York’s Yonkers Raceway […]
Industry
June 18, 2021
Massachusetts Casinos Surpass Pre-pandemic Gross Gaming Revenue in May
Last month, the three commercial casinos in Massachusetts raised $87 million in gross gaming revenue. Comparing this number to February 2020, when gaming revenue halted at $85.8 million, we see that the commercial casinos have reached GGR higher than pre-pandemic levels. Gaming Revenue in Massachusetts Surges in May In a report released on Tuesday this […]