Casino
April 26, 2020
Caesars Entertainment Sets up Employee Assistance Program
Apart from paying employees through June 30, 2020 and covering medical benefits, Caesars will now set up an assistance program funded by executives and offering assistance to the hardest hit employees. Caesars Announces an Employees Assistance Program Caesars Entertainment Corp. has announced a new COVID-19 relief program designed to assist furloughed employees. The employee assistance […]
Casino
April 25, 2020
Twin River Acquires New Properties, Pending On Eldorado Caesars Merger Completion
Property divesting related to the ongoing merger between Eldorado Resorts and Caesars Entertainment continues, as the Reno-based operator announced Friday it entered into a definitive agreement with Twin River Holdings. New Acquisition in Nevada and Louisiana Eldorado agreed to sell the Eldorado Shreveport Resort and Casino in Shreveport, Louisiana, and the MontBleu Resort Casino & […]
Casino
April 23, 2020
Casinos in Nevada Remain Closed, Reopening Plan Announced
Casinos in Nevada will remain closed. The government has announced a plan for the reopening of businesses. The Stay at Home Oder is Active since March 17 Nevada’s Governor Steve Sisolak issued the stay-at-home order on March 17. The order effectively closed all non-essential businesses, including casinos. The stay at home order was then further […]
Casino
April 22, 2020
GLPI Acquires Tropicana, Leases Casino Operations to Penn
Gaming and Leisure Properties /GLPI/ has acquired ownership of Tropicana Las Vegas Casino Hotel Resort, after its owner, Penn Gaming National, decided to sell the property to its principal landlord. The Las Vegas Strip property was sold for $307.5 million, around $52 million less than what Penn paid for it 5 years ago, obviously a […]
Casino
April 20, 2020
NetEnt Entering Colombia’s Regulated Market with Rush Street Interactive
NetEnt Americas LLC is entering the Colombian market with Rush Street Interactive. Following the Swiss Market, NetEnt Enters the Colombian Following the entry of NetEnt on the Swiss market earlier this month, the company is taking another step towards growing. Their plan is to expand in Colombia’s regulated iGaming market with Rush Street Interactive. Brian […]
Casino
April 20, 2020
MansionBet Accepted Redundancy Payout Bets, The Guardian Reports
The Guardian published an article on Sunday, reporting on MansionBet accepting part of redundancy payout as deposits from a VIP gambler. MansionBet Accepted Redundancy Payout from a VIP Gambler On Sunday, The Guardian reported that MansionBet had accepted a gambler’s redundancy payout as proof that the gambler could afford to place thousands of pounds worth […]
Casino
April 19, 2020
Nevada Casinos Lose Millions of Revenues Daily During Closure
While casinos are closed to support the effort to contain the further spread of the coronavirus, the question how much exactly is being lost, especially in Nevada, arises. Gaming Revenue Provides an Insight Considering the official data from the Gaming Control Board, the state gaming regulatory body, casinos lose daily in the range between $42,000 […]
Casino
April 18, 2020
Ho-Chunk Nation’s Beloit Casino Resort One Step Away From Groundbreaking
These past few weeks have barely brought positive news related to casinos in the US as all land-based gaming properties, commercial and tribal, have been closed as part of a coordinated effort to contain the spreading menace of the coronavirus. And while casino operators are busy furloughing workers to cut costs, some new casino projects […]
Casino
April 17, 2020
LVS Issued Investor Update, Suspending Dividend, Maintaining Capital Expenditure
Las Vegas Sands issued a press release today re-affirming its strategic priorities amid the ongoing health and economic crisis generated by the outbreak of the coronavirus-induced infection. The Nevada-based casino and hospitality operator Las Vegas Sands /LVS/ is deep in the midst of the virus-stricken gambling industry. And the impact on the operator is huge […]
Casino
April 16, 2020
Arkansas: Pope County Casino Application Process Enters The Final Round
While almost 1000 commercial and tribal casinos in the US are being closed to contain the spread of the coronavirus, the battle for the last available casino license in Arkansas continues. The Arkansas Racing Commission approved two measures to allow Gulfside Casino Partnership and Cherokee Nation/Legends to proceed to the final round of scoring that […]