Tom Reeg, the Chief Executive Officer of Caesars, was recently in Las Vegas’s JP Morgan Gaming, Lodging, Restaurant, and Leisure Management Access Forum for an interaction. It was found to be overwhelming since Tom went on to share his insights about several aspects, including his expectations for 2025. Reeg appeared optimistic and confident in stating […]Continue Reading
Casino
In January, Nevada casinos generated $1.27 billion in revenue despite the advent of high-end resorts being inaugurated in December and the Super Bowl XLVIII taking place in February. December was a momentous month for the casino industry, grossing $1.43 billion. A slight decline in the figure was observed in January. The revenues of the casinos […]Continue Reading
The earnings potential associated with the Las Vegas Grand Prix Formula One race, which was organized in November 2023, garnered mixed reactions. Expectations soar to the utmost level as the race approaches, accompanied by various theories. As a result of the event’s immense popularity, it was anticipated that the attendees would be in an entirely […]Continue Reading
The Nevada Gaming Commission has recently granted approval for significant simplification and modernization initiatives that aim to restructure the manner in which casinos operate within the state and disclose information regarding independent agents. The gaming industry employs these independent agents, whose principal duty is to facilitate the transportation of Continue Reading
FanDuel, a subsidiary of Flutter Entertainment, has acquired BeyondPlay, an authority on user engagement in online gambling. As per the agreement, BeyondPlay and FanDuel Casino, the iGaming division of FanDuel, will merge. In regard to the financial implications of the transaction, specific information has not been disclosed. BeyondPlay was established in 2021. It is a Continue Reading
Wynn Resorts announced that its fourth-quarter revenue generation was exceedingly encouraging, reaching $1.84 billion. This represented an increase of $835.5 million compared to the fourth quarter results of 2022. The net income was $729.2 million, as opposed to the $32.4 million that was the case on an annual basis. The credit for this went to […]Continue Reading
BetMGM is making every effort to maintain a competitive advantage in the forthcoming Super Bowl. In Nevada, the organization has recently launched an online sports betting app for this purpose. During the company’s Investor Day presentation at the end of last year, BetMGM initially unveiled its aim to unlock the Las Vegas market. The operator […]Continue Reading
The Nevada Gaming Control Board (NGCB) unveiled a momentous achievement for the state’s gaming sector in 2023. The organization disclosed achieving $15.52 billion in gross gaming revenue. This is Nevada’s third consecutive direct accomplishment, which also set a GGR record. The provided data illustrates a growth of 4.6% compared to the previous year. According Continue Reading
Enhancing your investment portfolio by including Ethereum-based casinos is an innovative strategy within the cryptocurrency investment landscape. With Ethereum solidifying its position as a prominent blockchain platform, its foray into the online gambling industry opens up distinctive avenues for investors. Through the strategic utilization of Ethereum’s smart Continue Reading
Prior to the 67th anniversary of the Las Vegas Strip, The Tropicana Las Vegas has declared in a statement that all operations will cease on April 4. The news was conveyed by Arik Knowles, vice president and general manager. As per the available information, all room reservations will be redirected to alternative hotels beginning in […]Continue Reading
Las Vegas Sands Corp. issued a formal declaration that its resorts in Macau and Singapore contributed significantly to the considerable growth in its fourth quarter financial results. Sands recorded a net revenue of $2.92 billion, representing a significant increase of 161% in comparison to the corresponding period in 2022. Annual operating losses were $166 million; Continue Reading
Bitcoin mobile casinos have experienced a considerable transformation with the introduction of cryptocurrencies as a primary payment method. The recent burst of mobile Bitcoin casinos is due to the underlying benefits of playing with Bitcoin and other cryptocurrencies. Players can now enjoy a wide range of games across geographical boundaries and experience a whole new Continue Reading
Marriott International and MGM Resorts first announced their plans to launch the Points partnership in July last year. However, it was delayed, especially in October, when MGM announced a ransomware attack on its brand. Both parties have not specified a specific date, but the negotiations appear to be back on track. It will cover eligible […]Continue Reading
BetMGM is enhancing the celebratory festivities for the Big Game weekend through the introduction of the BetMGM Big Game Bash concert, which will feature the American songwriter and vocalist Luke Combs. The Chelsea, located at The Cosmopolitan of Las Vegas, will serve as the venue for the concert. The occasion is scheduled for February 10, […]Continue Reading
Station Casinos, a top-tier gaming supplier headquartered in Las Vegas, has released its latest STN Sports mobile wagering application, which is powered by GAN. The application includes the most betting possibilities ever, as well as advanced exposure, similar game parlay betting options, and improved parlay payments. Aside from that, there will be a single wallet […]Continue Reading
In the dynamic realm of crypto casinos, the community plays a significant role in transcending traditional gambling paradigms. Beyond mere platforms for chance, these digital domains thrive on the synergy between user engagement and community participation. The significance lies in the collective influence a vibrant community wields, shaping the essence of the crypto Continue Reading
Golden Entertainment Inc., a major player in the gaming industry, has revealed plans to invest all or part of the earnings from a multimillion-dollar gaming agreement in expanding its commercial gambling operations in Pahrump. Though specifics concerning local property investments are still being kept under wraps, Blake Sartini II, the senior vice president for operations Continue Reading
The CEO of BetMGM, Adam Greenblatt, announced that they are making all preparations for thoroughly exploiting the exponential increase in sporting events in Las Vegas in 2024. He was referring to the most recent Formula One event, which drew 300,000 fans, with the operator taking three times the number of bets. In his opinion, there […]Continue Reading
The coming of cryptocurrencies like Bitcoin Cash (BCH) has sparked the greatest change in online betting. The iGaming revolution has seen Bitcoin Cash casinos embrace them. These are secure, fast, and decentralized payment alternatives. Transaction of this digital money permits anonymity bypasses intermediaries, and promotes a trustworthy playground. In this exploration, Continue Reading
BetMGM is targeting the sports landscape in Las Vegas as a strategic objective to augment its market share and achieve an adjusted revenue of $500 million by 2026. In 2024, the organization intends to conduct additional investments in pursuit of this objective. As per the statement made by Adam Greenblatt, the CEO of BetMGM, the […]Continue Reading
For the first time in the history of sports betting, the world has witnessed the greatest amount of gambling activity at a Formula 1 race. The first race in Vegas was groundbreaking as an opening on the Formula One (F1) list, but it also triggered more sports gambling than the famous 2021 Grand Prix de […]Continue Reading
Culinary members, a group of 226 people, readily agreed to the five-year contract extensions with Caesars Entertainment and MGM Resorts International. Caesars executives accounted for 99 percent of the votes cast. A comparable account pertained to the MGM employees. Employees of Wynn have not yet voted. Employees demanded a higher salary, greater work-life balance, and Continue Reading
Major League Baseball has approved the move of Oakland A to Las Vegas. Meaning, the Las Vegas Strip will now have a new destination to boost tourism and community building. Major lawmakers have come forward to applaud the move. This includes Nicole Cannizzaro and Steve Yeager. Approving the most to Las Vegas green signals the […]Continue Reading
The captivating realm of online gambling has overwhelmed an unlimited number of players worldwide, sparking their interest to engage in their favorite gambling activity and experience a truckload of fun and entertainment. Although this innovative form of online gambling is appealing, exciting, and cost-effective, concerns related to casino security have also cropped up at Continue Reading
Prominent gaming software developers, including Stakelogic and Stakelogic Live, have recently introduced the Super Wheel™. An innovative characteristic that merges Stakelogic’s premium slots with a live casino bonus wheel, providing players with one-of-a-kind opportunities to win valuable rewards and bonuses. It will be fully implemented across the network soon, Continue Reading
MGM Resorts International recently revealed its Q3 earnings for 2023. The biggest Las Vegas Strip operator beat every estimate despite experiencing a cyberattack. As expected, the announcement saw MGM shares rise during the after-hours trading session. The Cosmopolitan operator stated that it secured 64 cents per share on 3.97 billion dollars in revenue. This revenue Continue Reading
Vivid Seats, a ticket exchange situated in Chicago, has acquired Vegas.com for $240 million. The payment was made partly by cash and partly by stock. This will help Vivid Seats raise its total addressable market (TAM) by over $6 billion. The company is known to be the third-biggest ticket exchange on the Web. According to […]Continue Reading
The Provably Fair system is crucial in maintaining transparency in online gaming. This technique allows you to check the integrity of your wagers at any moment to ensure that everything is in order with the result of the wager. Using smart contracts and provably fair gaming technology provides various advantages regarding online gaming fairness. Smart […]Continue Reading
Konami Gaming and Xailient have made major advancements in the casino industry. They have entered into a strategic partnership to announce SYNK Vision to enhance the customer experience through enhanced harm minimization and secure identity management. Interestingly, it is being considered a serious take on achieving responsible gambling. The ultimate goal is to replace Continue Reading
Nevada regulators are contemplating the restructuring of a policy after a casino in Mesquite was requested to pay a jackpot to an undeserving player. The Nevada Gaming Control Board has reportedly requested that the Casablanca hotel-casino pay gambler Rhon Wilson $2,045.18, even though he was not permitted at the casino. According to the statement released […]Continue Reading