Category: Money

Fire in parking garage at Las Vegas casino burns five cars, causes structural damage

September 18, 2020

The cause of the blaze is still under investigation The parking garage of the Four Queens Hotel, located on Fremont Street near Casino Boulevard in Las Vegas suffered some structural damages due to a fire that took place Thursday morning. At least five cars caught fire during an overnight report, according to local firefighters, and […]

Mississippi’s casinos see huge August losses, reopen after Hurricane Sally scare

September 17, 2020

The month-over-month performance in the state shows a major slip in revenue After the threat imposed by Hurricane Sally blowing through town, Mississippi’s Gulf Coast casinos are back in business. The COVID-19 debacle already ravaged the state’s finances, and the hurricane was expected to bring even more damage. The Mississippi Gaming Commission (MGC) announced yesterday […]

Arkansas casinos see major losses from COVID-19, but are set to rebound

September 16, 2020

The casinos took a huge hit, but have already started to see revenue that rivals that of 2019 The COVID-19 pandemic has created havoc among gambling operators an,d while in some states the conditions are not awful, some other states are still struggling with major losses. This is the case for Arkansas, according to the […]

Mississippi casinos forced to close due to pending threat from Hurricane Sally

September 15, 2020

The states around the Gulf of Mexico’s northern shores continue to receive bad news The hurricane season has arrived, and the weather has been ugly in the Southern states. Ahead of Hurricane Sally, the Mississippi Gaming Commission (MGC) has issued closing down orders for all casinos located on the coast. The commission announced yesterday afternoon […]

After months of losses, MGM Resorts sees the light for its Nevada and New York casinos

September 14, 2020

The iconic casino company has faced massive losses due to continuing closures MGM Resorts International has been struggling for the past months to make up for all the revenue losses caused by the coronavirus pandemic, and it seems like it is finally starting to see the light. Two more MGM casinos are getting approval to […]

August’s return to gambling proves beneficial for Ohio’s casinos

September 11, 2020

Ohio’s casinos and racinos reached new revenue heights last month Not all gambling venues across the country are struggling financially amid the coronavirus pandemic, anymore. Case in point, Ohio casinos and racinos, which saw their aggregate August revenue hit a new record. Compared to August 2019, the state reported a 4.7% increase, $7.7 million more […]

As quickly as they appeared, Station Casinos’ land deals are now pulled

September 10, 2020

The casino operator apparently has decided not to sell its Reno land, after all Just a couple of days after one of the largest casino operators in the country announced that it was stepping back from its expansion plans in Northern Nevada by announcing the sale of at least two properties, the resort plans might […]

Station Casinos looks to unload Reno land as money crunch continues

September 9, 2020

The casino operator has put all of its land in Reno up for sale The biggest casino operators with multiple properties in Nevada continue to make cuts in the size of their operations amid the ongoing effects of the coronavirus pandemic. The Silver State has been hit hard by the pandemic in a state that […]

Maryland casinos have another great month despite lower capacities

September 8, 2020

Casinos are only operating at 50% capacity, but the revenue is flowing freely For some casinos in the US, operating at 50% capacity is having a dreadful impact on their usual revenue; however, that has not been the case for casinos in Maryland. aWhile all six casinos continue operating at 50% capacity due to the […]

Thief busy targeting seniors at Las Vegas area casinos

September 7, 2020

Elderly gamblers continue to make easy targets for crooks in Sin City One more robbery case has been in the news after being reported by the Las Vegas Metropolitan Police Department with several victims having been reported. Law enforcement is seeking assistance from the public to determine the identity of a man who has been […]

The road to recovery for Las Vegas could be three years long

September 4, 2020

Analysts predict that Sin City won’t be able to recovery quickly from the coronavirus saga Las Vegas, as the country’s main hub for gambling action, has been one of the cities most heavily impacted by the coronavirus pandemic, and the process of recovery doesn’t seem to be easy. A few months of closed businesses were […]

San Jose, CA approves outdoor casino measure

September 3, 2020

The San Jose City Council overwhelmingly approves an initiative to allow outdoor gambling A city in California has been working on a new business model to help the economy while also keeping the spreading of the coronavirus under control. First, it was outdoor dining, which continued to evolve to the point that the city has […]

MGM Resorts parts ways with 18,000 employees as the money crunch continues

September 2, 2020

The impact of the coronavirus is still forcing casinos to make massive financial adjustments The COVID-19 pandemic has had a deep impact on the gambling industry, which is still struggling to recover financially. Since the first measures regarding public safety and health protocols were taken across the country, resulting in casinos being shut down, major […]

San Jose, California could consider allowing outdoor casinos today

September 1, 2020

The city council will vote on whether its two casinos should be allowed to host outdoor gaming States and local governments are currently figuring out how to keep a balance between the revenue that they need to fund all activities and keeping people safe from the spread of the coronavirus. In California, the San Jose […]

Arizona casino gets a $143-million overhaul

August 31, 2020

The Wild Horse Pass casino has launched a massive upgrade even as casino industry revenue plummets Overall, the gambling industry across the country was deeply impacted by the effects of the coronavirus pandemic; however, this crisis is not going to stop expansion plans for casinos that are betting on increasing their square footage to succeed. […]

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