Casino
State of the Union: CT, MGM, PointsBet and more
This week’s State of the Union, in partnership with Segev LLP, includes Connecticut Governor Ned Lamont’s plans for legal betting and online gaming, as well…
MGM looks to diversify operations following difficult 2020
MGM Resorts lost $1.03bn in 2020 as revenue fell 60.0% to $5.16bn, while chief executive Bill Hornuckle said it would continue efforts to expand its…
Detroit casino revenue down 24.3% in January
Revenue from Detroit’s three commercial casinos declined 24.3% year-on-year in January as the facilities continued to face capacity limits due to the ongoing novel coronavirus…
Red Rock sees losses widen after Covid-19 hit in 2020
Casino operator Red Rock Resorts saw revenue fall 36.3% year-on-year in 2020, and its net loss widen, due to the 79-day statewide shutdown and subsequent…
Wynn to raise $630.6m through new share sale
Wynn Resorts expects to raise around $630.6m as it launches an underwritten public offering of 5.5m shares of its common stock, with an option to…
Wynn posts $2.07bn net loss as Covid-19 takes its toll in 2020
Wynn Resorts International has posted a $2.07bn net loss for its 2020 financial year after the enforced closure of its casino properties due to the…
Penn National posts $669.5m loss as Covid-19 drives revenue drop in 2020
Penn National Gaming (PNG) has reported a $669.5m net loss for 2020, primarily due to a sharp decline in revenue caused by the novel coronavirus…
PlayStar partners Ocean Resort for NJ market access
Online casino start-up PlayStar Gaming is preparing to launch in New Jersey’s igaming market, after sealing a market access deal with Atlantic City’s Ocean Casino…
Golden Nugget parent to go public through SPAC combination
Fertitta Entertainment, the parent company of Golden Nugget operator Landry’s, is to list its shares on the New York Stock Exchange through a merger with…
Sands exploring igaming opportunities, Goldstein reveals
Las Vegas Sands’ new chief executive Robert Goldstein has revealed that the operator is exploring “a few opportunities” to expand into online gambling. In the…
Nevada gaming revenue falls to 24-year low in 2020
Nevada gaming revenue declined 34.6% to $7.87bn in 2020, the lowest annual total since 1996, after closures and ongoing property restrictions as a result of…
Lawmakers introduce bills to bring lottery and casinos to Hawaii
Hawaii, one of just two states that does not permit any form of legal gambling, may soon allow its first games of chance. Legislators in…
State of the Union: Las Vegas Sands, Monkey Knife Fight, NY and more
This week’s State of the Union, in partnership with Segev LLP, includes Las Vegas Sands’ announcement of its new permanent chief executive following Sheldon Adelson’s…
Spectrum study projects NY mobile betting revenue of up to $1.14bn
Spectrum Gaming Group’s long-awaited study on gaming expansion in New York suggests widespread mobile sports betting could see the state generate annual revenue of between…