Star Entertainment in the firing line over junket partners
Star Entertainment remains in the spotlight at a New South Wales (NSW) government inquiry into the casino’s relationship with a junket partner, with alleged links to organised crime. Star Entertainment told the inquiry this week that they are yet to uncover enough hard evidence to substantiate the allegations. The NSW Independent Liquor and Gaming Authority […]
MGM Resorts launches scheme to attract remote workers
MGM Resorts hopes its new marketing scheme will result in a significant uptick in the number of semi-permanent residents living at two of its Las Vegas casinos, even if only for a short period of time. The casino operator has launched “Viva Las Office” (which, if you want to get picky, should be La Office […]
Caesars Q2 revenue down, which is why it may have broken the rules
This hasn’t been a good year for casino operators. The coronavirus has taken its toll on revenues for the entire global gambling industry, with no one able to escape the pandemic’s grasp. Caesars Entertainment hasn’t been able to find its footing yet, starting the year off with a 13.6% decline in revenue during the first […]
ZenSports might buy a Nevada casino after hookup with SGM
Many casinos have sports gambling operations, but not many sports gambling operators can say they have their own casino. ZenSports, an international sports gambling exchange, might find itself included in the latter category, provided a deal it is working on with a Nevada casino operator doesn’t fall apart. The US-based company has teamed up with […]
ZenSports Acquires Option to Buy Nevada Casino, Sets Stage for First US Sports Betting Exchange
The goal to get a sports betting exchange in the US took one pretty significant step toward becoming a reality on Wednesday. Under an agreement with Strategic Gaming Management, ZenSports may soon take over the sportsbook at Baldini’s Sports Casino in Sparks, Nev., and offer the first US-based sports betting exchange. (Image: Reno Gazette Journal) […]
Atlantic City Union Accuses Caesars of Ignoring COVID-19 Safety Protocols
Unite Here Local 54, the union which represents most casino workers in Atlantic City, says that Caesars Entertainment is ignoring New Jersey’s COVID-19 health and safety guidelines, and thus disregarding the wellbeing of its employees. Guests and employees stand around a craps table at the Hard Rock Casino in Atlantic City on July 2, 2020. […]
Caesars Reports Q2 Loss, Reeg Says Decision on iGaming, Sports Unit Could Happen This Year
In its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of $100 million on revenue of $126.5 million, down from net income of $18.9 million a year earlier. But the stock rose modestly in Thursday’s after-hours session, extending a 6.22 percent gain accrued during normal trading. The lobby at Caesars Palace […]
MGM Resorts Seeks Teleworkers, Debuts ‘Viva Las Office’ Promo
MGM Resorts, the largest operator of casinos in Las Vegas, has launched a promotional package tailored to those working from home during the coronavirus pandemic. MGM says come to Las Vegas, get your work done, and then enjoy the perks of Sin City. But perhaps change your video conferencing background when lounging poolside. (Image: MGM […]
William Hill Permanently Closing 119 Betting Shops, Company Returning Furlough Funds
Bookmaker William Hill says it’s permanently closing 119 shops throughout the UK, but the company is optimistic about its coronavirus recovery. More William Hill shops throughout the United Kingdom are locking up their doors for good. (Image: Getty) William Hill execs say business has been solid since the sports betting behemoth began reopening its High […]
Penn National Stock Surges After Quarterly Revenue Beats Analyst Expectations
Shares of Penn National Gaming (NASDAQ: PENN) soared today after the regional casino giant revealed its second quarter revenue easily beat analyst estimates. Penn National Gaming is racing back from the coronavirus, the company seeing an uptick in younger visitors. (Image: Vicki Vellios Briner/PennLive) April through June revenue totaled $305.5 million, topping the consensus forecast […]