Casino
August 7, 2020
Caesars Posted Q2 Loss, Will Offset with Convention and Sports
Caesars Entertainment Inc. posted its second quarter financial results Thursday, the first report from the combined entity between Caesars and Eldorado Resorts. The $17.3 billion mega-merger deal was completed July 20, to create a regional gaming giant. The new Caesars posted $100 million in net loss for the second quarter of 2020, compared to a […]
Casino
August 7, 2020
Playtech Launches Casino Content with bet365 in New Jersey
Playtech casino content is now live on bet365 in New Jersey. The launch came after Playtech received approval from the New Jersey Division of Gaming Enforcement back in June. Playtech Content Live on bet365 in New Jersey Thursday, August 6, the leading gambling technology provider Playtech said that it launched casino content in New Jersey […]
Casino
August 4, 2020
Michigan Casinos Contribute $6.3B Annually, AGA Reports
$6.3 billion is the estimated annual impact from casinos in Michigan, a research by the American Gaming Association (AGA) shows. The state’s 24 tribal and 3 commercial casinos generate to the extent of $1.3 billion per year in taxes and tribal revenue sharing, supporting 37,911 jobs and $2.1 billion annually in wages. Casinos Spurred Economic […]
Casino
August 3, 2020
BGC Warns Delays in Casino Reopening Most Likely Have Cost Jobs Already
Michael Dugher, chief executive at the Betting and Gaming Council, has cautioned that any further delays may lead to potential job losses he is now sure would happen because of the decision to defer casino reopenings to August 15. BGC Condemns Delays in British Casino Reopenings The Betting and Gaming Council (BGC), an industry standards […]
Casino
August 3, 2020
MGM Grand Detroit Re-Opens, Capacity Cap and Other Limitations
MGM Resorts International announced Thursday its MGM Grand Detroit gaming property in Detroit, Michigan, will re-open August 7, albeit with certain limits to some of the venues. The public re-opening will be preceded by an invitation-only event. The casino property will resume operations after months of closure, as in March Governor Gretchen Whitmer ordered casinos, […]
Casino
August 2, 2020
Macau Gambling Industry Freefall Continues, July Revenues Sink
Casinos in Macau continue to suffer, a report of the Gaming Inspection and Coordination outlined. Gambling revenue in the Special Administrative Region (SAR) dropped again in July, 3.5% year-on-year, due to a slowdown in the Chinese economy, travel and visa restrictions, and tempered demand for gambling from high-rollers, as well as the trade war between […]
Casino
August 2, 2020
Younger Visitors Drawn to Atlantic City’s Hotel-Casinos
The affordable rates of hotel-casinos in Atlantic City draw younger visitors. While some older return clients have come back, many have temporarily retreated. Casinos in Atlantic City Draw Younger Visitors The reopening of casinos in Atlantic City, New Jersey brought many young visitors to the casino-hotels in the state. The operators in Atlantic City noted […]
Casino
August 2, 2020
Gambling Measure Gathers Residents’ Signatures in Colorado
Supporters of a new measure regarding casinos in Colorado started a signature gathering initiative last week. As per active law, if casinos want to introduce new games and raise the stake limit, all residents of the state must approve. As the November 30 ballot approaches, people living in the three mountain states, Black Hawk, Central […]
Casino
August 2, 2020
Caesars Approves Pay Raises for Executives Amid Pandemic
Following the merger of Eldorado and Caesars, Caesars approved pay raises for five executive employees. Caesars’s Board of Directors Approved Managerial Salary Raises Following the merger by Eldorado and Caesars, Caesars has set a plan for pay raises for the company’s management. Earlier this week a Compensation Committee meeting approved that five of the company’s […]
Casino
August 2, 2020
New Jersey’s Casinos Recovery Depend on Visits and Foot Traffic
The casino recovery in Atlantic City will depend on increase in visitations to the state and better foot traffic, researchers say. Mobile Data Reveals Drop in Foot Traffic in NJ Casinos Atlantic City casinos may have been focusing on the wrong thing about their recovery, Professor Bruce Mizrach of Rutgers University in new Jersey says. […]