Category: Money

Nevada’s casino revenue once again broke the $1-billion mark in April

June 1, 2023

Las Vegas continues to show no signs of slowing down as gamblers flock to Nevada For Nevada’s casinos, April 2023 has set a new record. According to the Nevada Gaming Control Board (NGCB), the statewide gross revenue (GGR) exceeded $1.15 billion in April, making it the highest monthly casino revenue for any April in history. […]

The Borgata Atlantic City wraps up $55-million renovation project

May 31, 2023

The upgrades have become part of a celebration of the casino’s 20-year anniversary MGM Resorts International marked its thriving business in Atlantic City, New Jersey, with the unveiling of a $55-million facelift for the Water Club at the Borgata casino. It was a timely revamp, as it coincides with the Marina property’s 20th anniversary. MGM […]

New $10-billion bid for New York casino emerges with the support of Wynn Resorts

May 30, 2023

A controversial plan to expand casino gambling in the Empire State finds a new candidate New York has taken measures to increase gambling by greenlighting three new casinos in the state. In light of the fact that only three permits are available, the competition for them is eagerly contested, with racinos taking two. The New […]

Pennsylvania takes action against casino for repeat violations

May 29, 2023

The Pennsylvania Gaming Control Board fines a casino for not supervising its patrons properly On May 24, the Pennsylvania Gaming Control Board gave the nod to two plea deals shared by the Office of Enforcement Attorney during its public hearing. These deals related to violations committed by a casino for not having adequate supervision of […]

Colorado governor blocks bill that would have allowed casinos to offer credit

May 25, 2023

The demise of the bill won’t come as a surprise to many gamblers in the state Gamblers in Colorado faced a setback on Tuesday night as Governor Jared Polis vetoed an initiative to bolster the casino segment’s growth. Proposed legislation sought to enable casinos to extend credit to patrons, providing access to lines of credit […]

Atlantic City’s casino revenue dropped 15% in April

May 24, 2023

The casinos lost some of their momentum as expenses increased As per the Associated Press, the Atlantic City casino scene experienced a nearly 15% decline in gross operating profit during Q1 of 2023, in contrast to the previous year’s first quarter. The New Jersey Division of Gaming Enforcement, which supervises the sector, disclosed these results, […]

Police make new arrest in theft at Colorado’s Monarch Casino

May 23, 2023

A casino worker who stole $500,000 wasn’t working alone Earlier this year, as many on Americas Cardroom will recall, Black Hawk, CO, experienced the biggest casino heist in the state’s history. The Monarch Casino lost $500,000 to an employee, although it didn’t take long for investigators to figure out what happened. They’ve now made a […]

Nebraska man faces jail for scamming casino out of cash

May 22, 2023

A man faces seven felony charges after stealing from the WarHorse Casino in Lincoln A casino in Nebraska could have been more diligent with its financial scrutiny. Rondale King has landed in a legal battle over accusations of having taken advantage of lax practices to repeatedly steal from the WarHorse Casino in Lincoln, Nebraska. He’s […]

Century Casinos is selling four casinos to Vici Properties

May 19, 2023

The all-cash transaction will strengthen the REIT’s position in the casino industry Century Casinos has secured a binding deal with VICI Properties to sell four real estate assets to the real estate investment trust (REIT) in Alberta. The assets in question are the Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack […]

Police arrest man for stealing casino gambler’s winnings in Iowa

May 18, 2023

The casino’s surveillance footage helped identify the suspect, leading to his arrest Logan Steven Moody, a resident of Vinton, Iowa, was taken into custody on Monday for allegedly cleaning out someone else’s winnings from a casino in Waterloo. The 23-year-old has been hit with a felony charge of falsely claiming someone else’s casino winnings, which […]

Prostitute arrested for allegedly robbing Vegas casino patron of $100,000

May 17, 2023

The woman will appear in court to respond to the charges next month Visitors to Las Vegas gamble with their money, as well as their lives. There are plenty of horror stories of casino patrons being drugged, beaten or, worse, killed during robberies, but a recent case fortunately didn’t have such a tragic ending. It […]

Massachusetts casino revenue gains ground in April

May 16, 2023

Total gaming revenue increased almost 5% over the results from March The Massachusetts Gaming Commission’s report on monthly earnings has revealed that $160 million was generated in April by the casinos and sports betting operators collectively. The figures indicate an increase of 4.84% from the preceding month, when the gross gaming revenue (GGR) was $152.6 […]

Atlantic City casinos face class-action lawsuit over price-fixing claims

May 15, 2023

The properties allegedly colluded to raise prices in violation of federal antitrust laws Multiple accusations have been made against hotel operators in Atlantic City for breaking the law and unlawfully increasing their accommodation rates. Caesars Entertainment Inc, MGM Resorts International, Hard Rock International Inc, and additional hotel operators in Atlantic City have been accused of […]

Suspect in $500K theft at Colorado Casino out on bond

May 12, 2023

Sabrina Eddy singlehandedly pulled off the largest casino theft in the state’s history After being held in custody for almost two months following a robbery at a major casino in Colorado, Sabrina Eddy has been released without bail. Eddy almost got away with pulling off a heist worth $500,000, but the house, in this case, […]

Colorado gamblers could get lines of credit at casinos through new bill

May 11, 2023

Lawmakers are considering a bill that would allow gamblers to wager using someone else’s money Over the weekend, the Colorado House generated controversy with the approval of a bill that not only raises concerns about its contents, but also the vote that advanced it to the Senate. A perilous gamble, Bill SB23-259 would permit Colorado […]

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