Category: Money

Vegas Downtown continues to get makeover with latest plans from the Plaza

December 3, 2020

The casino will take over an adjacent Greyhound bus terminal as soon as its vacated next year Las Vegas continues to get a makeover, even as the city is reeling from the devastation caused by COVID-19. As the uncertainty of the city’s recovery continues, several new properties have come to life, including the recently-opened Circa, […]

Caesars unloads its least-favorite Louisiana casino

December 2, 2020

The company has reduced its gambling footprint in the state after selling the Belle of Baton Rouge At one point in time, the Belle of Baton Rouge may have been the belle of the ball for Louisiana’s casino scene, but it hasn’t been that way in recent years. The floating casino was owned by Eldorado […]

Harrah’s Philadelphia robbed by brazen crook

December 1, 2020

The thief reportedly walked away with $24,000 in cash from the gambling venue Provided he doesn’t get caught, one crook is looking at having an extra Merry Christmas this year. An unknown individual just robbed the Harrah’s Casino in Philadelphia, PA this morning and got away with a substantial bounty. According to the casino and […]

LA County shuts down cardrooms as COVID-19 spikes once again

December 1, 2020

The gaming venues are closed as of today in order to prevent a new coronavirus outbreak from worsening Just as has been seen already in several states lately, certain areas of California have become repeat victims of COVID-19. A new spike in positive cases has forced the reintroduction of health measures and these are going […]

Virgin Las Vegas facing delays for grand opening

November 27, 2020

The casino is facing possible delays that might make it miss its proposed January launch The new Virgin Hotels Las Vegas that was expected to open before the end of this year has already been forced to delay its grand opening once because of COVID-19-induced setbacks. The property, which was the former Hard Rock Las […]

South Dakota police are trying to track down suspected casino thief

November 25, 2020

The Happy Jacks Casino was robbed this past Sunday morning This past Sunday, a brazen thief decided to hit two locations in Rapid City, South Dakota. He went after the cash at a local Subway restaurant and the Happy Jacks Casino before making his escape, but police are on the trail. They have already identified […]

Atlantic City casinos take a huge hit in the third quarter

November 24, 2020

The continued COVID-19 threat is taking its toll on Atlantic City casinos Even before 2020 rolled around, casinos in Atlantic City were in dire need of financial support. They got it through a series of relief efforts created by New Jersey and things looked like they might be on the mend. However, COVID-19 then came […]

Nevada casinos forced to reduce capacities as COVID-19 looms

November 23, 2020

The state’s gambling houses have to limit their capacities to 25% their normal levels Just after the stroke of midnight tonight, Nevada’s casinos are going to have to make a drastic change that won’t make casino operators happy. Due to a new increase in the number of COVID-19 cases in the state, the gambling properties […]

Las Vegas teachers’ union asks casinos to pay more taxes

November 20, 2020

The union has gathered enough signatures on two petitions to force lawmakers to consider new taxes The largest teacher’s union in Las Vegas, the Clark County Education Association (CCEA), wants local casinos to start spreading more of their wealth. They have circulated two petitions that would see lawmakers forced to weigh in on whether gambling […]

Massachusetts casinos lose in October due to COVID-19

November 19, 2020

The coronavirus pandemic refuses to release its grip on casinos as revenue continues to slide October wasn’t a good month for casinos anywhere, but operators are no longer shaken when they prepare their final monthly reports. The coronavirus pandemic is causing problems all over, and Massachusetts casinos have suffered, as well. Gross gaming revenue (GGR) […]

Illinois casinos are closing once again because of COVID-19

November 18, 2020

The state has seen a recent climb of positive coronavirus cases, forcing casinos to be shut down Across different parts of the US, the number of positive COVID-19 tests are on the rise once again. The past several weeks have brought spikes in the coronavirus that have forced governments and health officials to alter their […]

Commercial casino revenue in the US drops almost 20% year on year

November 17, 2020

The third quarter of 2020 was better than the second, but still off from 2019’s figures The COVID-19 pandemic continues to take its toll on the casino industry around the world. Things were just getting into a groove before the coronavirus came in and forced gambling venues everywhere to close, and recovery is not going […]

Atlantic City casinos see a small recovery, but more losses coming

November 16, 2020

The East Coast’s major gambling town is still struggling to fight off COVID-19 Based on what they saw last year, Atlantic City’s casinos can’t complain too much about their performance last month. Overall, they reported gross gaming revenue that was just off by 8% compared to October of last year. However, this was still worse […]

Rhode Island’s casino market is in a slump due to COVID-19

November 13, 2020

The latest fiscal year saw Rhode Island casinos take a huge hit from the coronavirus pandemic It won’t come as a surprise to anyone following the casino industry that Rhode Island is taking a beating from COVID-19. The state’s two commercial casinos are always the supplier of a significant portion of Rhode Island’s revenue, but […]

Great Canadian Gaming could be sold for $2.5 billion

November 12, 2020

The casino operator announced that it is ready to give up control to a US-based private equity firm Great Canadian Gaming Corp (GCG), an operator of casinos across Canada, has been presented with an offer that might be too good to refuse. A US-based private equity firm, Apollo Global Management, has submitted a bid to […]

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