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Resorts World Las Vegas Changes Improve Credit Outlook

Resorts World Las Vegas Changes Improve Credit Outlook

Recent adjustments at Resorts World Las Vegas, such as the appointment of its first board of directors, may streamline the corporate structure of parent company Genting Bhd and improve the Strip venue's credit rating. That's the opinion of CBRE analysts Colin Mansfield and Connor Parks, who praised the appointment of Alex Dixon as CEO and Jim Murren as chairman in a recent report. Last week, Genting announced that Dixon will take over his positio..
Dec 10, 2024
Guest Claims Venetian Left Him in Coma for Wearing Pants Wrong

Guest Claims Venetian Left Him in Coma for Wearing Pants Wrong

In a recent complaint, a 2022 visitor to the Venetian in Las Vegas alleges that security guards at the casino resort shoved him to the ground, causing..
Nov 08, 2024
Leading Trade Groups Announce Partnership to Address Issues Facing Global Gaming Industry

Leading Trade Groups Announce Partnership to Address Issues Facing Global Gaming Industry

The interests of gambling operators in the US, UK, and Europe are represented by three of the most well-known trade associations in the world, and the..
Oct 10, 2024
Thai Government Eyes Bangkok for Three Casinos

Thai Government Eyes Bangkok for Three Casinos

In order to launch the nation's regulated gaming industry, the recently appointed Thai government wants to see up to seven casino hotels built, with u..
Sep 10, 2024
Ohio Republicans Say Ban on College Player Props Unjustified in NIL Environment

Ohio Republicans Say Ban on College Player Props Unjustified in NIL Environment

In light of student-athletes' ability to make money off of their name, image, and likeness (NIL), three Republicans in the Ohio House of Representativ..
Aug 09, 2024
Texas Lottery Blasted Over Loophole That Let Syndicate Win $95M

Texas Lottery Blasted Over Loophole That Let Syndicate Win $95M

A legislative commission in Texas holds the state lottery accountable for not closing a loophole that let a lottery syndicate based in New Jersey stea..
Jul 10, 2024
DraftKings Named Top Gaming Idea by Morgan Stanley

DraftKings Named Top Gaming Idea by Morgan Stanley

Morgan Stanley named DraftKings (NASDAQ: DKNG) one of its best ideas in the gaming and lodging market on Monday, giving the company's shares a much-ne..
Jun 10, 2024
Illegal Online Gambling Outfit Threatened High-School Kids, Cops Say

Illegal Online Gambling Outfit Threatened High-School Kids, Cops Say

According to Bradford Today, Ontario's provincial police are looking into claims that a criminal internet gambling organization targeted high school p..
May 07, 2024
Atlantic City Casino Profits Slide in 2023, Report Adds to Industry Concerns

Atlantic City Casino Profits Slide in 2023, Report Adds to Industry Concerns

Last year, Atlantic City casinos were able to raise their net revenue, but the rise was insufficient to cover increasing overhead. T hat resulted in e..
Apr 08, 2024
Pennsylvania Lawmaker Says Online Gambling Increasing Credit Card Debt

Pennsylvania Lawmaker Says Online Gambling Increasing Credit Card Debt

Sen. Wayne Fontana (D-Allegheny) of Pennsylvania believes that plastic should not be used online if it is prohibited to use a credit card to gamble in..
Mar 11, 2024
Crown Resorts Implements Rigorous Player Control Measures in Melbourne Casino

Crown Resorts Implements Rigorous Player Control Measures in Melbourne Casino

Crown Resorts was the first to implement mandatory controls and support for responsible gambling after facing a substantial fine of AU$30 million. The..
Dec 18, 2023
Kentucky Sports Betting Exceeds Revenue Expectations, States Governor

Kentucky Sports Betting Exceeds Revenue Expectations, States Governor

Governor Beshear is pleased with Kentucky's successful sports betting debut, noting that earnings are expected to exceed the $23 million estimate and ..
Dec 12, 2023
BetMGM Aims for Top Sales in 2023, Targets Profitability in Second Half

BetMGM Aims for Top Sales in 2023, Targets Profitability in Second Half

BetMGM projects revenue at the upper end of 2023, profitability in the second half of 2023, and $500 million in EBITDA by 2026. CEO Greenblatt highlig..
Dec 06, 2023
Brazil Fixes 12% Tax Rate for Sports Betting; iGaming Removal Attempt Fails

Brazil Fixes 12% Tax Rate for Sports Betting; iGaming Removal Attempt Fails

Brazil's sports betting bill was approved by the CAE, paving the way for a possible Senate plenary vote on November 28 to legalize sports betting and ..
Nov 26, 2023
Slot Machine Ban Enacted by Mexico President, Election Year Brings Potential Reassessment

Slot Machine Ban Enacted by Mexico President, Election Year Brings Potential Reassessment

The Mexican President limits iGaming partnerships and outlaws slot machines and table games in casinos. President Obrador of Mexico Adopts Dramatic Mo..
Nov 22, 2023
IGT Expands Italian Presence Through Content Partnership with Microgame

IGT Expands Italian Presence Through Content Partnership with Microgame

In an effort to increase its footprint in Italy's regulated gaming market, IGT has announced a partnership. IGT Expands Its Italian Presence through a..
Nov 15, 2023
Three Decades of Extravaganza: Treasure Island Las Vegas Marks 30th Anniversary

Three Decades of Extravaganza: Treasure Island Las Vegas Marks 30th Anniversary

The Big Chill Margarita Bar has opened, and the venue's seafood restaurant is now called The Las Vegas Yacht Club.  Treasure Island Las Vegas is Cele..
Nov 07, 2023