Casino
July 23, 2020
LVS: Second Quarter Net Loss of Nearly $1B
Las Vegas Sands (LVS) issued its second quarter financial results Wednesday, giving investors a taste of what the material impact of the ongoing health crisis onto the largest casino operators was. LVS posted a net loss of $985 million for the three months ending June 30, a huge drop from the more than $1.1 billion […]
Casino
July 23, 2020
Difficult Days for Las Vegas Ahead – Furloughs and Layoffs Announced
Furloughs were announced by Wynn Resorts in Las Vegas. Furthermore, Tropicana and Circus Circus have announced planned layoffs of employees. Furloughs Announced by Wynn Resorts in Las Vegas Wynn Resorts has announced that it will furlough a part of its Las Vegas employees. The casinos in Nevada as well as other entertainment venues were ordered […]
Casino
July 22, 2020
AGA: Bettors Turn to Legal Betting, Quit Offshore Operators
The American Gaming Association (AGA) has analyzed consumer behavior in 2019, indicating that consumers would much rather opt for a legal sports betting operator than an illegal one. AGA Reports Shift in Consumer Perception of Illegal Betting A new report by the American Gaming Association (AGA) has analyzed consumer behavior in 2019, which is the […]
Casino
July 21, 2020
Japan Fundamental IR Policy Announcement May be Further Delayed
Japanese government may postpone the release of the national basic policy on integrated resorts, a Monday report in the Sankei Shimbun newspaper claims. The media cites sources linked to the government that the policy will be not be released until August or even further delayed, due to the need to introduce infection-control protocols. Deadline Not […]
Casino
July 21, 2020
Betting Shops in Japan and Singapore Reopen after Relieving of COVID-19 Restrictions
Operating in the post-COVID-19 environment, off-track betting and sports betting venues in Japan and Singapore have reopened their doors for visitors. More Off-Track Betting Shops Reopen in Japan Japan and Singapore’s off-track betting shops keep reopening as the two countries are on track with relieving the strict measures introduced due to the COVID-19 pandemic. Since […]
Casino
July 21, 2020
Australian Operators Claim Credit Data Not Necessarily Indicative of Increase in Gambling
Responsible Wagering Australia chief executive Brent Jackson has cautioned researchers not to misinterpret credit data as necessarily tied up to increase in online gambling. Operator Association Refutes Claims That Credit Data Indicates More Gambling The Responsible Wagering Australia (RWA), an association representing operators in Australia, has said that consumer credit data were not sufficient to […]
Casino
July 20, 2020
Sweden Slowly Assessing Covid-19 Impact on Problem Gambling
The Swedish gambling regulator has warned that exact data as to whether COVID-19 has led to deepening or lessening on problem gambling would be known at the end of 2020 or the first half of 2021. Spelinspektionen Cautions That Data Will Be Slow The Swedish gaming regulator, Spelinspektionen, has released a new report in which […]
Casino
July 19, 2020
Unions Ask MGM Springfield to Extend Furloughed Workers’ Benefits
MGM Springfield, the casino property of MGM Resorts in Massachusetts that re-opened last week after more than 3 months of hiatus, has been requested by unions representing workers at the gaming venue to extend benefits for all furloughed workers until the end of the year. MGM Furloughed Nearly All of Its Staff The casino-type resort […]
Casino
July 19, 2020
WSOP 2019 Disqualified Naked Player Sentenced on Probation
Kenneth Strauss, a WSOP contender in 2019, was sentenced to two years of probation. The poker player misbehaved at a few venues in Las Vegas last summer. A Court Deal Kept the Naked Player Kenneth Strauss Out of Jail Kenneth Strauss, now 46 years old, was just another contender at WSOP in 2019. This was […]
Casino
July 18, 2020
COVID-19 Impact: 1,600 Employees Laid off by Potawatomi Hotel & Casino
The Milwaukee Potawatomi Hotel and Casino has announced that 1,600 employees will be laid off. The Tribal Operator Made a Difficult Decision Potawatomi Hotel and Casino in Milwaukee announced yesterday that it will be laying off a big part of its employees. The operator pointed out that the main reason for the layoffs is the […]