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IGT names Kim Barker Lee to VP of Diversity and Inclusion

IGT names Kim Barker Lee to VP of Diversity and Inclusion

posted on January 27, 2018 by

IGT has named Kim Barker Lee to the newly created role of Vice President of Diversity and Inclusion. Barker Lee’s new role will also include responsibility for developing and implementing the IGT’s first-ever global diversity and inclusion strategy.

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Russia’s government moves to help grow online sports betting market

Russia’s government moves to help grow online sports betting market

posted on January 26, 2018 by

Russia’s government has moved to help grow the online sports betting market in the country by allowing bookmakers to simplify the burdensome process associated with signing up for an online sports wagering account.

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Louisiana closer to allowing gambling riverboats to move onshore

Louisiana closer to allowing gambling riverboats to move onshore

posted on January 26, 2018 by

Louisiana has moved closer to allowing it’s gambling riverboats to move onshore when the chairman of a gaming task force said it would recommend that the State Legislature allow riverboats to place slot machines on land up to 1,200 feet from the shore.

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Wagering on California horseracing falls by less than 1 percent

Wagering on California horseracing falls by less than 1 percent

posted on January 26, 2018 by

All-sources wagering on California horseracing fell by less than 1 percent in 2017. Data released showed ontrack handle declined 2.8 percent to $340 million, while account wagering through online and telephone sources in California rose 4.4 percent to $644,443,657.

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Paradise Park to be powered by 100 percent renewable energy

Paradise Park to be powered by 100 percent renewable energy

posted on January 25, 2018 by

Wynn Las Vegas will power its multi-use development, Paradise Park, with 100 percent renewable energy, the company announced Thursday. The development is in the early stages of construction behind Wynn Las Vegas on the site of the resort’s former golf course.

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NBA seeking 1 percent share of all money bet on its games

NBA seeking 1 percent share of all money bet on its games

posted on January 25, 2018 by

The National Basketball Association, long believed the major U.S. sports league with the least resistance to national sports wagering, is seeking a 1 percent share of all money bet on its games should sports betting be legalized in this country.

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Las Vegas Sands revenues exceeded consensus estimates

Las Vegas Sands revenues exceeded consensus estimates

posted on January 25, 2018 by

Las Vegas Sands revenues exceeded consensus estimates by more than 14 percent in the in the fourth-quarter of 2017. The company posted adjusted earnings per share of 88 cents and net revenues of $3.4 billion beating a consensus projection by 6.3 percent. 

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Lottery players in S. Carolina may be getting late Christmas present

Lottery players in S. Carolina may be getting late Christmas present

posted on January 24, 2018 by

Additional lottery players in South Carolina may be getting a late Christmas present now that lottery officials say they may have to pay out nearly twice as much in prizes than expected because of a Christmas Day glitch.

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Verizon considering possible foray into sports betting

Verizon considering possible foray into sports betting

posted on January 24, 2018 by

Verizon Communications Inc., the cell phone giant, is considering a possible foray into sports betting, should single-team wagering become legal in in the United states.

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Wynn to move swiftly to build new hotel on Las Vegas Strip

Wynn to move swiftly to build new hotel on Las Vegas Strip

posted on January 24, 2018 by

Casino entrepreneur Steve Wynn says he’ll move swiftly to build a new hotel on the Las Vegas Strip. The new casino/resort will be built on the site of the former Frontier hotel, across Las Vegas Boulevard from Wynn’s two existing properties, Wynn Las Vegas and Encore.

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Give & take in casino accounting comps

Give & take in casino accounting comps

posted on January 23, 2018 by

The Analyst | Three accounting events are impacting gaming operators this year. Two unexpected ones came from the surprise tax reform act passed in December and the expected one was a change to revenue recognition practices.

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Strong U.S. dollar affecting Vegas tourism

Strong U.S. dollar affecting Vegas tourism

posted on January 23, 2018 by

One Mann's Opinion | Most of Nevada’s major casino/resort operators supported President Donald Trump over Hillary Clinton in the 2016 election. There’s no great surprise there, but now it’s worth noting how his words on immigration might be impacting their billion dollar businesses.

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MGM to debut 'digital canvas' at Cotai resort

MGM to debut 'digital canvas' at Cotai resort

posted on January 23, 2018 by

When it opens its doors next week, MGM Cotai, MGM International’s new integrated resort in Macau, will feature a four-story high “digital canvas” that the company says will form the heart of the property.

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Resort World Catskills announces opening

Resort World Catskills announces opening

posted on January 23, 2018 by

Amid a growing concern that New York State’s gambling market is oversaturated, Resorts World Catskills has announced their new casino/resort would open to the public on Feb. 8, almost a month ahead of schedule.

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Delaware North buys Mardi Gras Casino and Resort

Delaware North buys Mardi Gras Casino and Resort

posted on January 23, 2018 by

Major hospitality company Delaware North is expanding in West Virginia with the purchase of Mardi Gras Casino and Resort in Nitro. The facility also includes a greyhound racetrack. Terms of the deal were not disclosed.

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New York-New York's Big Apple roller coaster to have VR upgrade

New York-New York's Big Apple roller coaster to have VR upgrade

posted on January 22, 2018 by

The New York-New York Hotel & Casino’s Big Apple roller coaster will unveil a new “wow factor” in the form of a virtual reality upgrade starting in Feb. 7.

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MGM Springfield seeks to aid Hurricane Maria evacuees

MGM Springfield seeks to aid Hurricane Maria evacuees

posted on January 22, 2018 by

MGM Springfield, the nearly $1 billion casino/resort to open in just over six months, is seeking to provide employment opportunities to area residents who relocated to Western Massachusetts after Hurricane Maria hit Puerto Rico four months ago.

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Two Mississippi legislators introduce bill to prohibit sports betting

Two Mississippi legislators introduce bill to prohibit sports betting

posted on January 22, 2018 by

Two Mississippi legislators have introduced a bill that would prohibit all sports betting except fantasy sports in the state. Recent trends have seen many other states act to embrace the possibility of legal sport wagering.

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Wyoming seeks to bolster budget by tapping lottery gambling revenue

Wyoming seeks to bolster budget by tapping lottery gambling revenue

posted on January 20, 2018 by

Add Wyoming to the growing list of states seeking to bolster its budget by tapping gambling revenue through its lottery. Wyoming’s budget difficulties have been created by dwindling revenue from mineral taxes, its main source of revenue.

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Visitation numbers in Macau were significantly greater in 2017

Visitation numbers in Macau were significantly greater in 2017

posted on January 20, 2018 by

Visitation numbers in Macau were significantly greater in 2017. Overall, Macau welcomed a total of 32.6 million visitors in 2017, a 5.4 percent increase over 2016.

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Pimlico Race Course will offer 15 stakes worth $3.7M during spring meetPimlico Race Course will offer 15…

Pimlico Race Course in Baltimore will offer 15 stakes worth $3.7 million in purses during its spring meet. The meet opens on Thursday, May 10 and is highlighted by the 143rd running of the Preakness Stakes (G1) on May 19, the Middle Jewel of the Triple Crown.

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The U.S. hotel industry should continue to enjoy gains on both the top and the bottom line. The report notes that consumer spending grew 3.8 percent in the fourth quarter after a 2.2 percent boost in the third.

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A possible South Dakota constitutional amendment on the November ballot that might have allowed voters to decide the fate of a proposed casino complex in Yankton has been voted down by a branch of the State Legislature.

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William Hill Chief Executive Philip Bowcock says the company is readying a war chest to invest into marketing in the U.S. should the Supreme Court end the ban on sports betting.

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