Casino
December 15, 2020
Penn Acquires Operations at Hollywood Casino Perryville
Penn National Gaming announced today the company would be re-entering the market in Maryland as it entered into a definitive agreement with the real estate investment trust (REIT) Gaming and Leisure Properties (GLPI) to acquire the operations of Hollywood Casino Perryville. “Penn National is excited to acquire the operations of Hollywood Casino Perryville, a property […]
Legal
December 15, 2020
Californian Tribes Racing to Introduce Sports Betting Law in 2022
Californian tribal leaders have submitted a charter with 1.4 million signatures to the state authorities to put sports betting on the ballot in 2022. Tribes Submit 1.4m Votes Requesting Sports Betting Ballot in 2022 California is drawing closer to a legalized sports betting industry, and then again it isn’t. However, new developments are quite common […]
Industry
December 15, 2020
Wynn CEO: Macau Operators Would Benefit From Functioning US-China Relations
Wynn Resorts CEO Matt Maddox told the AGA that improving the tense relations between the US and China could benefit Macau’s casino operators. Softening the US-China Relationship is Crucial The tense relationship between the United States and China could improve under the Biden administration, according to Matt Maddox, Wynn Resorts CEO. Better relations would benefit […]
Casino
December 15, 2020
AGA Finds 2021 Promising for Higher Slot Reporting Threshold
As the casino industry expands across the country, and the amount of slot jackpots grows, so does the problem with the slot reporting threshold. The IRS Threshold Issue Was Raised at the First G2E Insider Live Webinar The issue of the low IRS threshold was commented on in the first G2E Insider Live webinar, “The […]
Industry
December 15, 2020
Legal Cannabis Unlikely to Impact Atlantic City Casinos
New Jersey has legalized the recreational use of marijuana, but that’s unlikely to significantly impact the local gambling industry. New Jersey Legalizes Cannabis On November 3, the US State of New Jersey approved a Legislature bill that legalizes cannabis use. Currently, cannabis is legal only for medical use but recreational use will also be legalized […]
Business
December 14, 2020
Nevada Extends COVID-19 Restrictions until January 15
The existing COVID-19 restrictions in Nevada will last until January 15, announced Governor Steve Sisolak. Although the pandemic is still ongoing, the Governor revealed that for the moment, the casino industry will remain operational, helping the state with vital gaming tax revenue. Governor Sisolak Extends the COVID-19 Restrictions Nevada Governor Steve Sisolak revealed yesterday that […]
Industry
December 14, 2020
Three More States Join Wagering Market, Oklahoma Takes a Step Back
Now that three more states have legalized sports betting, sportsbooks will be soon available in more than half of the US states. The market is rapidly expanding following the revoke of the PASPA law, which granted US states the authority to decide on the regulation of wagering. The topic is gaining momentum in Oklahoma and […]
Business
December 13, 2020
Rush Street Interactive To Launch its Online Casino in West Virginia
On Friday, Rush Street Interactive and Century Casinos inked a partnership agreement to launch BetRivers.com in West Virginia in 2021. RSI Expands its Footprint in The US Rush Street Interactive (RSI) and Century Casinos announced Friday they have partnered to launch online casino gaming in West Virginia next year. RSI, Rush Street Gaming’s online division, […]
Casino
December 12, 2020
Gun Lake Casino in Michigan Shares $150M with Authorities in 10 Years
More than $150 million was shared with local and state governments since the Gun Lake Casino in Michigan opened nearly 10 years ago. Employing more than 1,100 people, the casino operates while following strict health and safety guidelines during the pandemic. Gun Lake Casino Shares $150m in Michigan and Beyond Since its opening in February […]
Business
December 11, 2020
DraftKings CEO Expects “Hyper Growth” if More States Legalize Sports Betting in 2021
DraftKings CEO Jason Robins said that the legalization and regulation of sports betting in US states would take the company to “hyper growth” in 2021. Q3 Revenue Jumps by 98% Year on Year The adoption of sports betting legislation and regulation by US states would bring DraftKings from “high growth to hyper growth,” the operator’s […]