Business News and Headlines
Business
July 31, 2020
Las Vegas Sands President Outlines Strategy for Recovery
Robert Goldstein, president at Las Vegas Sands, has confirmed that Las Vegas and Nevada face hard times ahead, but recovery is possible and LVS has already set a plan in motion. Las Vegas Needs to Adapt to New Realities Speaking to CNBC on Thursday, Las Vegas Sands president Robert Goldstein confirmed that Las Vegas will […]
Business
July 31, 2020
Massachusetts Reports Steady Reopening and Compliance at Casinos
All three of Massachusetts’ casino properties have done well during their reopening push, with minimum to no accidents of violating public safety rules reported at the properties. Massachusetts Gaming Commission Happy with Reopening Massachusetts casinos are back and off to a good start with MGM Springfield, Plainridge Park and Encore Boston Harbor having done well […]
Business
July 30, 2020
Hannahville Indian Community Secures BetAmerica’s Michigan Presence
Race track and casino operator Churchill Downs Incorporated (CDI) issued in a press release July 29 that it would launch its sports betting operations in Michigan in partnership with Hannahville Indian Community. Retail BetAmerica Sports Book Under the terms of the agreement reached with the Hannahville Indian tribe, CDI will open a BetAmerica-branded retail sports […]
Business
July 30, 2020
Arkansas Wins 2020 Hits Another Snag in Pushing for over 16 Legal Casinos
The committee established to support a ballot vote on the legalization of casinos in the state has hit another snag. Arkansas Experiences Another Set in a Bid to Legalize Casinos The push to legalize casinos in Arkansas has experienced another hurdle with Arkansas Wins 2020’s bid for the legalization of 16 or more casinos hitting […]
Business
July 30, 2020
Las Vegas Sands, Sheldon Adelson to Pay Employees Through At Least October 31
Las Vegas Sands will keep paying health benefits and salaries to all of its 10,000 employees through at least October 31, company chairman and CEO Sheldon Adelson has said. Sheldon Adelson Vows to Pay Employees Through October 31 Las Vegas Sands will continue to support workers by maintaining pay and covering benefits through at least […]
Business
July 29, 2020
Nevada Looking at 3-Year Recovery to Reach Pre-Pandemic Levels
Recovery in Nevada to pre-pandemic levels could take up to three years, economic analyst Jeremy Aguero has cautioned. Nevada’s Recovery Road Could Take 3 Years Nevada is looking at a long and sinuous recovery road, one analyst estimates, with Southern Nevada facing various challenges, from job cuts to reduced visitation rate, and the dangers of […]
Business
July 29, 2020
Massachusetts Betting Amendment Proposes 30% Tax on Online Wagering
Massachusetts lawmakers have voted amendments on House Bill 4879 to expand the scope of online lotteries in the state and increase sports betting tax to 30%. Amendments Passed for HB 4879 in Massachusetts Massachusetts lawmakers have amended a sports betting bill introduced last week to now allow online lotteries to operate legally in the state. […]
Business
July 28, 2020
DraftKings Becomes the PGA TOUR Official Betting Operator
DraftKings and the PGA TOUR have officially expanded on their multi-year exclusive arrangement, an announcement by the daily fantasy and sports book provider outlined. The content and marketing deal signed in 2019 that made DraftKings the first Official Daily Fantasy Game of the PGA TOUR now expands into the sports betting sphere by designating the […]
Business
July 28, 2020
Mashpee Tribe to Retain Land, U.S. House of Representatives Decides
The Mashpee Tribe has won a court case against the Trump Administration which attempted to take away 300 acres of land from the tribe, reversing a 2015 decision passed by former U.S. President Barack Obama’s administration. Massachusetts Mashpee Tribe Wins Against Aggressive Land Takeover Tribes in Massachusetts can finally relax after the U.S. House of […]
Business
July 28, 2020
Tipico Adds NetEnt as Content Partner Ahead of NJ Launch
NetEnt has become one of the first partners for Tipico’s pending launch in the United States and the New Jersey market in particular. Tipico Teams up with NetEnt for a New Jersey Launch Expanding on its recently-announced marketing efforts in the United States and New Jersey, Tipico has secured a content deal with NetEnt. Tipico […]