Category: Money

Las Vegas casinos aren’t getting off to a good start this year

February 26, 2021

Revenue continues in a slump in Sin City because of COVID-19 For las Vegas casinos, this year hasn’t meant anything different from the previous one, as they’re still enduring the same old problems they had back then. Casinos located on the Las Vegas Strip collected just $321.5 million altogether, meaning 43.8% less than January of […]

Canadian bank wants to release a digital currency backed by dollars

February 25, 2021

VersaBank is said to be ready to launch a new stablecoin pegged to the dollar Canada-based VersaBank announced yesterday that it is coming up with a plan to launch a cryptocurrency called VCAD. It will be backed by Canadian dollars deposited with the bank, and the bank states that VCAD would effectively be considered as […]

$25-million renovation of El Cortez in Las Vegas almost complete

February 25, 2021

The landmark Vegas property is putting the final touches on its upgrades In January, when Las Vegas’ El Cortez changed its gaming carpet as part of ongoing renovations, some officials thought the customers would be happy to get a piece of the matting pattern as memorabilia. They decided to offer it for sale in the […]

New York casino operator ordered to pony up $450 million to the government

February 24, 2021

Seneca Nation to pay an outstanding bill on its revenue-sharing agreement with the state It’s been recently announced that Seneca Nation, which operates casinos in New York, was ordered by a federal appeals court to pay the amount of $450 million to local governments and the state. This is coming as part of the agreements […]

Woman sues Wind Creek Bethlehem after being assaulted, kidnapped during a robbery

February 23, 2021

The victim asks for $50,000 in pain and suffering after the casino failed to provide adequate security The Wind Creek Bethlehem is being sued by a woman who was kidnapped and assaulted during a 2019 robbery that occurred at the casino. The lawsuit has, at its core, the negligence in the property’s security protocols, and […]

Four Vegas casinos close to returning to 24-hour gambling

February 22, 2021

Sin City is slowing returning to normal following the COVID-19 pandemic MGM Resorts has announced that, starting on March 3, three Las Vegas Strip casinos will resume 24/7 hotel operations. Those casinos are The Mirage, Park MGM and Mandalay Bay and this decision has come after Nevada Governor Steve Sisolak said he’s planning to ease […]

Pennsylvania casinos start to see gains as 2021 gets underway

February 19, 2021

January brings welcome relief to Pennsylvania’s casinos as revenue starts to rebound It looks to be a very good and strong year for Pennsylvania casinos as facilities work to recoup revenues lost to the coronavirus pandemic. As per the Pennsylvania Gaming Control Board (PGCB), last month, all the casinos together generated around $311 million in […]

Massachusetts casinos begin to recover from the COVID-19 pandemic

February 18, 2021

January was a good month for casinos in the state, all things considered According to the latest update coming out of the state, Massachusetts casinos saw an improvement in January since a cumulative total of $57.6 million in gross gaming revenue (GGR) was generated in the month. Last Tuesday, according to the Massachusetts Gaming Commission, […]

Atlantic City’s Trump Plaza finally imploded today

February 17, 2021

The last remaining vestige of Trump’s presence in the city is now more Once considered as the spot on the Atlantic City Boardwalk where many famous such as rock stars, athletes and movie stars used to go and have some fun was reduced to a smoking pile of rubble this morning. The former Trump Plaza […]

Nevada’s casinos now officially operating at greater capacities

February 16, 2021

Las Vegas gambling houses are now at 35% and climbing back to normalcy Nevada’s casino industry has received some very good news, as it has been allowed to ease capacity restrictions. The main reason is that the nation has continuously ramped up coronavirus vaccination efforts, which is helping Las Vegas. According to Nevada’s “Roadmap to […]

Fire at Las Vegas casino sends several to the hospital

February 15, 2021

A fire at the Cosmopolitan causes light damage, but leaves several guests with injuries According to local authorities in Las Vegas, several people were hospitalized Saturday night after being involved in a fire at the Cosmopolitan of Las Vegas. The reason why the fire started in the first place is still uncertain and is still […]

Larry Flynt, casino owner and gambler, passes away

February 12, 2021

The founder of Hustler magazine and cardrooms in California was 78 years old It was recently reported that Larry Flynt, the founder of Hustler magazine, as well as several cardrooms in California, suffered heart failure a couple of days ago. That, sadly, ended the adult entertainment magnate’s life at the age of 78. Flynt launched […]

Alabama to consider allowing more casinos

February 11, 2021

Casino expansion might be coming to the state in order to boost tax revenue As part of a gaming expansion, State Senator Pro Tempore Del Marsh wants to change the fact that Alabama is currently one of the smallest gaming markets in the US. To turn that around, this week, a gaming expansion package was […]

St. Tammany Parish in Louisiana shows support for a new casino

February 10, 2021

An initiative to relocate a Louisiana casino license gets approval from local leaders On Monday night, a resolution that improves the odds of a $250-million casino resort coming to the New Orleans suburb of Slidell, LA, was backed by the St. Tammany Parish Council. As has been recently expressed, Peninsula Pacific Entertainment (P2E) is looking […]

Wynn Resorts announces equity sale to raise cash

February 9, 2021

The casino operator is capitalizing on recent financial improvements to raise more money It was announced yesterday by Wynn Resorts that the casino operator is selling up to 6.32 million shares of equity to bolster cash. This is coming after the recent strength in its stock, which Wynn is capitalizing on to raise more money. […]

Loading blogs...