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NV Gaming Commission to decide on offer from CG Technology

NV Gaming Commission to decide on offer from CG Technology

posted on November 11, 2018 by

The Nevada Gaming Commission is expected to decide this week whether to accept a $1.75 million offer from CG Technology to settle the company’s third disciplinary action in five years.

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Online casino gaming in New Jersey has continued to grow steadily

Online casino gaming in New Jersey has continued to grow steadily

posted on November 10, 2018 by

Online casino gaming in New Jersey has continued to grow steadily since being launched nearly five years ago and now generates more than $20 million a month combined for operators.

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Geoff Freeman appointed to the board of directors at AGS

Geoff Freeman appointed to the board of directors at AGS

posted on November 10, 2018 by

Geoff Freeman, the former American Gaming Association president and CEO, is back in the gaming industry. Freeman was appointed to the board of directors at AGS, a leading designer and supplier of gaming equipment.

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Steve Wynn sues Wynn Resorts and Massachusetts Gaming Commission

Steve Wynn sues Wynn Resorts and Massachusetts Gaming Commission

posted on November 09, 2018 by

Wynn suing Wynn. That’s Steve Wynn, the billionaire and founder of Wynn Resorts, suing his former company along with the Massachusetts Gaming Commission.

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Golden Ent. reports negative swing of more than $11 million

Golden Ent. reports negative swing of more than $11 million

posted on November 09, 2018 by

Golden Entertainment reported a negative swing of more than $11 million during the third-quarter this year compared to last year. The company suffered a $3.1 million loss for the period that ended September 30 this year.

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Phil Satre officially elevated to chairman of the board for WYNN

Phil Satre officially elevated to chairman of the board for WYNN

posted on November 08, 2018 by

Phil Satre, an American Gaming Association Hall of Famer, was officially elevated to chairman of the board for Wynn Resorts. Satre, who joined the board three months ago, replaces D. Boone Wayson, who retired.

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Cost for makeover at the Palms Casino Resort continues to rise

Cost for makeover at the Palms Casino Resort continues to rise

posted on November 08, 2018 by

The makeover at the Palms Casino Resort is still scheduled to be completed in less than a year, but the cost continues to rise. The price tag went from $485 million to $620 million last winter and now it’s been increased by another 10 percent.

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Wynn Las Vegas scraps Paradise Park plan, brings back golf course

Wynn Las Vegas scraps Paradise Park plan, brings back golf course

posted on November 08, 2018 by

Remember that proposed lagoon called Paradise Park with white-sand beaches at Wynn Las Vegas? Forget about it. Remember the 18-hole golf course that was so popular at the Wynn but closed last December? It’s coming back.

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Bettors in Florida took a hit with Tuesday’s mid-term election

Bettors in Florida took a hit with Tuesday’s mid-term election

posted on November 07, 2018 by

Bettors in Florida took a hit with Tuesday’s mid-term election results. With Amendment 3 passing, any decisions to expand gambling outside Indian reservations have been stripped from the state legislature and given to the voters.

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Arkansas voters approved Issue 4 to expand gambling

Arkansas voters approved Issue 4 to expand gambling

posted on November 07, 2018 by

Arkansas voters approved Issue 4 to expand gambling against the wishes of its Republican governor Asa Hutchinson. Oaklawn Racing and Gaming in Hot Springs and Southland Gaming and Racing in West Memphis...

 

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Morgan Stanley predicts that $216 billion could be wagered

Morgan Stanley predicts that $216 billion could be wagered

posted on November 06, 2018 by

Morgan Stanley, one of the top firms on Wall Street, is predicting that $216 billion could be wagered annually on sports legally in the United States within seven years.

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Gambling and sports betting decisions to be made today

Gambling and sports betting decisions to be made today

posted on November 06, 2018 by

This year’s midterm elections aren’t just about red or blue decisions.

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FanDuel inks deals with NHL, Devils for sports bets, fantasy

FanDuel inks deals with NHL, Devils for sports bets, fantasy

posted on November 05, 2018 by

The wall that professional sports leagues in the U.S. fought so hard to maintain between themselves and legal sports betting continues to crumble. Now, the leagues are realizing sports betting can be a profitable partner instead of an existential threat.

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Rumors are MGM Resorts analyzes merger with Caesars Ent.

Rumors are MGM Resorts analyzes merger with Caesars Ent.

posted on November 05, 2018 by

If the latest rumor ever became reality, the popular phrase “casino giant” would be taken to another level.

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Sports books throughout Nevada had a really bad day

Sports books throughout Nevada had a really bad day

posted on November 05, 2018 by

Sports books throughout Nevada had one of the worst days in recent memory Sunday as the public continued a recent surge in betting the NFL.

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Still speculation of a possible sale involving Caesars Ent.

Still speculation of a possible sale involving Caesars Ent.

posted on November 04, 2018 by

Speculation of a possible sale involving Caesars Entertainment isn’t going away in the wake of President and CEO Mark Frissora’s announcement that he’s stepping down.

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More than $4 million generated since the first bet  in Jersey

More than $4 million generated since the first bet in Jersey

posted on November 04, 2018 by

Early indications are confirming that sports betting will produce the tax revenue that was projected when New Jersey legalized it and started taking wagers over the summer.

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Penn National Gaming fails to reach revenue, earnings projections

Penn National Gaming fails to reach revenue, earnings projections

posted on November 03, 2018 by

Penn National Gaming Inc. failed to reach the revenue and earnings projections that had been set by analysts for the third quarter. Penn reported earnings of 38 cents per share. Analysts predicted 43 cents for the period that ended on September 30.

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N.J., Penn. casinos crossing borders into each other’s markets

N.J., Penn. casinos crossing borders into each other’s markets

posted on November 02, 2018 by

For decades after it began offering legal gambling in 1978, Atlantic City had the East Coast market pretty much to itself. And its failure to realize that situation would one day end nearly put it out of business once competition showed up.

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State rep. wants sports betting at sports bars throughout Kansas

State rep. wants sports betting at sports bars throughout Kansas

posted on November 02, 2018 by

Sports betting at sports bars throughout Kansas. That’s the plan from Jan Kessinger, a state representative from Overland Park, who introduced a sports-betting bill earlier this year.

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